How Forex Trading Works: 6 Concepts to Know - My Trading

Online Forex Trading Strategy – How to Make Currency Trading Systems Work For You

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Online Forex Trading Strategy – How to Make Currency Trading Systems Work For You

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Find out How Forex Trading Online Works

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Find out How Forex Trading Online Works

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Your Pre Market Brief for 07/16/2020

Pre Market Brief for Thursday July 16th 2020

You can subscribe to the daily 4:00 AM Pre Market Brief on The Twitter Link Here . Alerts in the tweets will direct you to the daily 4:00 AM Pre Market Brief in this sub.
Updated as of 4:45 AM EST
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Stock Futures:
Wednesday 07/15/2020 News and Markets Recap:
Thursday July 16th 2020 Economic Calendar (All times are in EST)
(JOBLESS CLAIMS TODAY)
News Heading into Thursday July 16th 2020:
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Upcoming Earnings:
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Most Recent SEC Filings
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The Ultimate Quick Resource For the Amateur Trader.
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Forex Trading in Kenya.

Someone posted on here a few days ago asking about forex and forex trading in Kenya, I have gone through the responses and clearly, most people don’t have an idea. It is 3am in the morning and am in a good mood so let me make this post. This will be a comprehensive and lengthy post so grab a pen and paper and sit down. We’ll be here a while.
FIRST OF ALL, who am I..?
I am a forex trader, in Nairobi, Kenya..i have been actively involved in forex since I found out about it in Feb 2016 when I somehow ended up in a wealth creation seminar (lol) in pride inn Westlands, the one close to Mpaka Rd. Luckily for me, it was not one of those AIM global meetings or I’d be on Facebook selling God knows what those guys sell. I did not take it seriously till August of the same year and I have been active ever since.
I don’t teach, mentor or sell a course or signals, I trade my own money. I am also posting from a throwaway account because I don’t want KRA on my ass.
What the fuck is forex and forex trading.
In simple plain English, forex is like the stock market but for currencies. Stock Market = Shares, forex = currencies. If you want more in-depth explanation, google is your friend.
These currencies are pegged on specific countries, united states- dollar, UK- pound, euro zone- euro, Switzerland- Swiss franc, Kenya- Kenya shilling.. you get the point. Now, there are specific events and happenings between these economies that affect the movement and values of the currencies, driving their value (purchasing power up and down). Forex trading exploits these movements to make money. When the value is going up, we buy and vice versa (down –sell)
Is forex trading illegal in Kenya? Is it a scam?
Illegal, no. scam, no. All the banks in the world do it (KCB made about 4 billion from trading forex in 2019)
Have there been scams involving forex in Kenya?
Yes. Here is one that happened recently. This one is the most infamous one yet. Best believe that this is not the end of these type of scams because the stupidity, greed and gullibility of human beings is unfathomable.
However, by the end of this post, I hope you won’t fall for such silliness.
What next how do I make it work..?
Am glad you asked. Generally, there are two ways to go about it. One, you teach yourself. This is the equivalent of stealing our dad’s car and hoping that the pedal you hit is the brake and not the accelerator. It is the route I took, it is the most rewarding and a huge ego boost when you finally make it on your own. Typically, this involves scouring the internet for hours upon hours going down rabbit holes, thinking you have made it telling all your friends how you will be a millionaire then losing all your money. Some people do not have the stomach for that.
The second route is more practical, structured and smarter.
First Learn the basics. There is a free online forex course at www.babypips.com/learn/forex this is merely an introductory course. Basically it is learning the parts of a car before they let you inside the car.
Second, start building your strategy. By the time you are done with the babypips, you will have a feel of what the forex market is, what interests you, etc. Tip..Babypips has a lot of garbage. It is good for introductory purposes but not good for much else, pick whatever stick to you or jumps at you the first time. Nonsense like indicators should be ignored.
The next step is now the most important. Developing the skill and building your strategy. As a beginner, you want to exhaust your naivety before jumping into the more advanced stuff. Eg can you identify a trend, what is a pair, what is position sizing, what is metatrader 4 and how to operate it, what news is good for a currency, when can I trade, what are the different trading sessions, what is technical analysis, what is market sentiment, what are bullish conditions what is emotion management, how does my psychology affect my trading (more on this later) an I a swing, scalper or day trader etc
Mentors and forex courses.. you have probably seen people advertising how they can teach and mentor you on how to trade forex and charging so much money for it. Somehow it seems that these people are focused on the teaching than the trading. Weird, right..? Truth is trading is hard, teaching not quite. A common saying in the industry is “Those who can’t trade, teach” you want to avoid all these gurus on Facebook and Instagram, some are legit but most are not. Sifting the wheat from the chaff is hard but I did that for you. The info is available online on YouTube, telegram channels etc. am not saying not to spend money on a course, if you find a mentor whose style resonates with you and the course is reasonably priced, please, go ahead and buy..it will cut your learning curve in half. People are different. What worked for me might not work for you.
Here are some nice YouTube channels to watch. These guys are legit..
  1. Sam sieden
  2. Cuebanks
  3. TheCoinFx
  4. The trading channel
  5. Astro
  6. Forex family
  7. Wicksdontlie
Advanced stuff
  1. ICT
After a short period of time, you will be able to sniff out bs teachers with relative ease. You will also discover some of your own and expand the list. Two tips, start with the oldest videos first and whichever of these resonates with you, stick with till the wheels fall off.
How long will it take until things start making sense
Give yourself time to grow and learn. This is all new to you and you are allowed to make mistakes, to fail and discover yourself. Realistically, depending on the effort you put in, you will not start seeing results until after 6 months. Could take longeshorter so there is no guarantee.
Social media, Mentality, Psychology and Books
Online, forex trading might not have the best reputation online because it takes hard work and scammers and gurus give it a bad name. However, try to not get sucked into the Instagram trader lifestyle as it is nowhere close to what the reality is. You will not make millions tomorrow or the day after, you might never even make it in this market. But that is the reality of life. Nothing is promised, nothing is guaranteed.
Your mentality, beliefs and ego will be challenged in this market. You will learn things that will make you blood boil, you will ask yourself daily, how is this possible, why don’t they teach this in school..bla bla bla..it will be hard but growth is painful, if it wasn’t we’d all be billionaires. Take a break, take a walk, drink a glass of whatever you like or roll one..detox. Chill with your girl (or man) Gradually you will develop mental toughness that will set you up for life. Personally, I sorta ditched religion and picked up stoicism. Whatever works for you.
Psychology, this is unfortunately one of the most neglected aspects of your personal development in this journey. Do you believe in yourself? Can you stand by your convictions when everyone is against you? Can you get up every day uncertain of the future? There will be moments where you will question yourself, am I even doing the right thing? the right way? It is normal and essential for your growth. People who played competitive sports have a natural advantage here. Remember the game is first won in your head then on the pitch.
Books: ironically, books that helped me the most were the mindset books, Think and grow rich, trading for a living, 4 hour work week, the monk who sold his Ferrari..just google mindset and psychology books, most trading books are garbage. Watch and listen to people who have made it in the investing business. Ray Dalio, warren, Bill Ackman and Carl Icahn.
This is turning out to be lengthier than I anticipated so I’ll try to be brief for the remaining parts.
Brokers
You will need to open up an account with a broker. Get a broker who is regulated. Australian ones (IC Market and Pepperstone) are both legit, reliable and regulated. Do your research. I’d avoid local ones because I’ve heard stories of wide spreads and liquidity problems. International brokers have never failed me. There are plenty brokers, there is no one size fits all recommendation. If it ain’t broke..don’t fix it.
Money transfer.
All brokers accept wire transfers, you might need to call your bank to authorize that, avoid Equity bank. Stanchart and Stanbic are alright. Large withdrawals $10k+ you will have to call them prior. Get Skrill and Neteller if you don’t like banks like me, set up a Bitcoin wallet for faster withdrawals, (Payoneer and Paypal are accepted by some brokers, just check with them.)
How much money can I make..?
I hate this question because people have perceived ceilings of income in their minds, eg 1 million ksh is too much to make per month or 10,000ksh is too little. Instead, work backwards. What % return did I make this month/ on this trade. Safaricom made 19.5% last year, if you make 20% you have outperformed them. If you reach of consistency where you can make x% per month on whatever money you have, then there are no limits to how much you can make.
How much money do I need to start with..?
Zero. You have all the resources above, go forth. There are brokers who provide free bonuses and withdraw-able profits. However, to make a fulltime income you will need some serious cash. Generally, 50,000 kes. You can start lower or higher but if you need say 20k to live comfortably and that is a 10% return per month, then you can do the math on how big your account should be. Of course things like compound interest come into play but that is dependent on your skill level. I have seen people do spectacular things with very little funds.
Taxes..?
Talk to a lawyer or an accountant. I am neither.
Family? Friends?
Unfortunately, people will not understand why you spend hundreds of hours watching strangers on the internet so it is best to keep it from them. Eventually you will make it work and they will come to your corner talking about how they always knew you’d make it.
The journey will be lonely, make some trading buddies along the way. You’d be surprised at how easy it is when people are united by their circumstances (and stupidity) I have guys who are my bros from South Africa and Lebanon who I have never met but we came up together and are now homies. Join forums, ask questions and grow. That is the only way to learn. Ideally, a group of 5-10 friends committed to learning and growth is the best model. Pushing each other to grow and discovering together.
Forex is real and you can do amazing things with it. It is not a get rich quick scheme. If you want a quick guaranteed income, get a job.
And now it is 5am, fuck.
This is oversimplified and leaves out many many aspects.
Happy to answer any questions.
submitted by ChaliFlaniwaNairobi to Kenya [link] [comments]

Are China and India engaged in a cold economic and information war?

Note: This is resubmitted after making edits to better fit the quality requirements of this sub.
While most media attention on China focuses on China’s relationship with the US, one player that rarely gets mentioned--at least in mainstream Western media--is India.
In an October 2019 analysis by Deborah Brautigam that explored the origin of the term "debt trap diplomacy" for Chinese investments, she revealed the following:
On 23 January 2017, a Chinese debt-trap diplomacy meme was born in a think tank in northern India and was furthered by a paperwritten by two Harvard University graduate students who called it Chinese ‘debt book diplo-macy’.
A recent thread on china revealed some surprising data (non-academic, I know, but it's a good barometer for general sentiment on China as many of the more critical stories regarding China has first emerged on that sub, and then slowly propagated out towards more mainstream subs/media). Namely--by analyzing 449 tweets with the hashtag of #TweetforTaiwan, it found that 49% of the tweets originated from India.
Most recently, Times of India has also advocated for Taiwan's participation in the WHO by interviewing the foreign minister of Taiwan--which has since drawn an official statement from the Chinese embassy in India.
But most importantly, India has recently announced that it is setting aside nearly half a million hectares of land to entice foreign firms into leaving China.
PM Modi has also emphasized that he had little desire for India to play second fiddle to China. While some can argue that this is due to him pandering to the Hindu nationalist base that makes up his supporters, it's not a statement to be taken lightly because the BJP--by taking a supermajority in the Indian Congress--is in a position to enact its policies at will without regard for the opposition.

The Trade Reality of India vis-a-vis the United States

You can read the US trade department's 2019 analysis of India here. It's a fairly dense read, but the basic summary is this:
The United States has actively sought bilateral and multilateral opportunities to increase access to India’s market, and the government of India has pursued ongoing economic reform efforts. Nevertheless, U.S. exporters continue to encounter significant tariff and nontariff barriers that impede imports of U.S. products into India.
Other points raised in the document:
The document goes on to list additional trade barriers that India has put up against the United States, and they are far too many to list here. But taken as a whole, the overall summary seems to be this: India--from a trade policy perspective--is not that much different or even that advantageous compared to China.
Yet in the face of greater US-China economic rivalry, India has emerged as a seemingly viable alternative to China despite data suggesting the contrary.
This is due to the major advantage India has over China, which I will discuss in the next section.

The Advantages India Holds Over China

ADVANTAGE 1: ONLINE PRESENCE
The biggest advantage that India holds over China in an economic cold war has little to do with any underlying economic strength, nor does it have anything to do with how easy it is for foreign companies to enter India.
Instead, the biggest advantage India has over China is its online presence in the Western internet. With 560 million internet users, India is the second largest online market after China. But unlike China, India’s internet is not locked behind a government imposed barrier.
The lack of such a barrier has given rise to a sophisticated disinformation/propaganda arm for Indian political parties—most notably the BJP—on Western internet channels such as Twitter and Facebook.
The Centre for International Governance Innovation think tank has done the following analysis of how the BJP’s propaganda arm makes use of Western social media to set the narrative: - The grassroots workers share hyperlocal information about development activities — for instance, a beneficiary getting access to services offered under a government scheme — and work done by their party with voters in their area. They click images and videos as proof and circulate to demonstrate that the party cares about local issues. - The party foot soldiers broadcast their mobilization efforts to their superiors in the party, earning praise and encouragement from the leadership. - The networked system allows the party command to centrally share information through the chain of WhatsApp groups being operated — bypassing the editorial filter of news media. - On Twitter, an army of online warriors takes part in the narrative-setting game. Even though Twitter usage is largely restricted to the country’s elites, journalists and influencers hang out on the micro-blogging platform, meaning the sentiment smoothly seeps into the wider information ecosystem.
Basically, India has coopted the Western internet and used it to their advantage, while China has taken the approach of shutting out the Western internet altogether in favor of cultivating its own walled garden.
This means that China's closed off internet ecosystem is incapable of effectively competing with India's online presence. Moreover, Chinese netizens who do manage to overcome the barriers can find themselves facing state suppression and persecution. This limits Chinese disinformation methods to either state media, or state-sanctioned individuals who often must be vetted for political loyalty before they are set loose. This level of political control and loyalty that China demands has severely limited its ability to project its message outside of the Chinese internet.
The ability for India's different political parties to set the narrative gives India a crucial advantage when it comes to either spreading pro-Indian messages or smearing potential adversaries.
ADVANTAGE 2: MAINTAINING A SUPPORTIVE DIASPORA
Indian Americans maintain a high degree of connection to their motherland (for lack of a better term), and this data is supported by India being the top remittance-receiving country in 2018.
While Chinese immigrants maintain a similar level of connection to their motherland (China ranks second after India in the top remittance-receiving countries in 2018 from the same Times of India report), a prevailing attitude of Chinese diaspora has been one of pride for their homeland but suspicion for the government:
Many overseas Chinese have shown pride in the considerable economic achievements China has made over the past four decades, allowing it to become the world’s second largest economy. On the other hand, they also harbour deep-rooted suspicion and disapproval of the party’s authoritarian approach and its intolerance towards dissent or media freedom.
Hence, when talking politics, those overseas Chinese like to highlight that their love of country is in no way related to a love of the Communist Party.
As the CCP increasingly demand that supporting China be intertwined with supporting the CCP—a message that the party can control and foster only within its walled garden—it is more likely to drive overseas Chinese further away from supporting the party’s policies.
In 2019, the "Howdy Modi" convention in Houston, Texas drew a crowd of 50,000. It's difficult to imagine a similar number of supporters if a CCP politician were to announce a similar trip.
The popularity Indian politicians like Modi can expect in the West, coupled with an effective propaganda wing from within India that has a massive presence on social media to set the narrative gives India a tremendous advantage in maintaining a high degree of loyalty in its diaspora population. This diaspora can later prove to be a useful tool in advancing Indian foreign policy by amplifying the messages from within India.
Disclaimer: this by no means implies that Hindu Indian Americans are acting as a fifth column to advance India's goals, but merely suggests that Hindu Indian Americans are likely to share and disseminate Indian propaganda--with or without realizing that they are doing so.

Can China Counter this?

In the current information war, China is losing. Badly. By building a caged garden, China's information warriors are largely clueless as to how to effectively spread their propaganda. Two examples come to mind.
The first example was during the recent Hong Kong protests. China's attempt at controlling the narrative fell apart almost as quickly as it began, as many of its messages included support for party control, casting the protesters as Hong Kong independence provocateurs, or suggesting CIA influence rather than focusing on specific instances of targeted violence and xenophobic attacks on Mandarin speaking individuals (including attacks on Taiwanese media).
Another example is how China has been incapable of finding a way to reduce the influence of Falun Gong media such as the Epoch Times and New Tang Dynasty TV in the West. These channels can operate unimpeded from Chinese state repression on the Western internet, and when China does try and respond to them, the results often come across as clumsy and ham-fisted because attempts at control tend to follow Chinese internet control strategies. However, from experience, China can ill afford to relax its internet controls: both the 2008 Tibetan protests and the 2009 Urumqi attacks were organized through Facebook. Relaxing internet controls would also see the internet, both within and without China, be flooded with Chinese nationalists--a faction that Beijing has simultaneously encouraged and suppressed depending on the needs of the state.
If China were to go on the information war offensive against India to retain its economic advantage, it must take a two-pronged approach:
On highlighting the unfair trade practices of India: The advantage that China holds in this regard is that the world has already formed a negative opinion on Chinese trade practices, therefore creating a situation in which China only has something to lose if other countries can offer a more attractive alternative.
By depriving the world of seeing India as a viable alternative, China can join in international pressure to force the Indian economy to open up further without giving India the opportunity to develop an industrial base capable of protecting its fledgling industries.
In such a scenario, China would be able to leverage its massive industrial capability into India and gobble up local Indian partners, or otherwise choose to support companies that would adopt pro-China practices. In essence, by attacking India before it can build an effective industrial base, China can enact a a softer version of the colonialist methods that the British used to subjugate India in the 19th century. This may possibly explain why the term "debt trap diplomacy" first emerged from an Indian think tank.
On Using Local Indian Partners to Sow Ideas: By partnering with local voices in India and sowing the idea that once India becomes developed enough, it would also face the same trade scrutiny that China has faced, China can attempt to pivot India away from developing friendlier ties to the West and return it towards its Non-Aligned status it adopted during the Cold War. However, these efforts can largely be stymied by government policy--and in fact, the Modi government has required that Chinese investment into India be approved first.
There is still a lot of room for the rivalry and/or partnership between China and India to continue developing in this coming decade. But it's clear that at the current moment, India seems to have a distinctive advantage.
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KFC6855/环球潮鞋: The Secrets of Replica Sneaker Selling

KFC6855/环球潮鞋: The Secrets of Replica Sneaker Selling
Following a post from u/donjonne about a HUGE Weibo story on how to actually start your own 1:1 repsneaker empire, I figured as a native Mandarin speaker I gave it a shot and translated the entire article, since I myself am pretty damn intrigued what the guy's speaking.Do note this article is written in March 2017, lots of stuff may have been outdated, and I translated word-for-word with some pruned paragraphs that seems like the fella repeating himself. I absolutely hate the weird flowery prose Mandarin always carry when I work on translations, so apologies if the in-jokes or general writing gets a bit dry.
This is my personal tl;dr without the author's boastful claims, so if you're short on time, here's the quick rundown.

How do replica sneakers get sold?

Taobao: Long history with the reputation for being the single biggest online BST hub, with Tmall and Xianyu Second-hands integrated. Lots of fake reviews and seller reputation ratings. The rep game there got outta hand, CEO of Alibaba stepped in and cleaned house, thus everyone moved to...
WeChat: Lots more convoluted, no proper tracking and confirmation like a real shopping app and build quality can vary greatly between sneaker models from the same seller. But through word-of-mouth, standout resellers get recommended more organically, of course you need connections to start with.
Agents: Your best friend if you're overseas, usually ran by freelancers merely collecting orders, reporting back to resellers and have them directly ship your kicks to your doorstep. Agents can be a single person, or a huge operation i.e. Wegobuy and Ytaopal.

How's the quality tho?

Depends. Some will try to bait-and-switch, some will bond genuine friendships for simply being a return customer. Factories often cut corners to save some dough and end up with a worse rep, so like the purpose of this sub, dig into forums and guide yourself to trustworthy sellers. Author also goes on a tangent and revealed the numbers and figures of selling reps, along with the sheer gold rush he's in now. Read below for more info.

Anything of note?

We're getting ripped off. Real hard, if you're a Mainlander chances are you're being sold 1/3 of the prices we see here. Part of the reason is that the multi-level reselling jacks up the price a lot, so unless you're buying in bulk for the purpose of selling them, good luck finding GET-passable OW AJ1's for less than $70. If you get caught selling, it's fines upwards of ¥50,000 and your license revoked, but nothing too serious beyond that. Author promised more novel shoes get made in the future, like Uggs and non-hypebeast dress shoes or sumthin.

With that outta the way, here's the translation for the whole article, hope you'll learn something for it and if there's any mistakes, feel free to point it out in DMs or just in the comments.
EDIT 17/05/2020: punctuation mistakes and missing formatting, also thanks for the kind words repfam
_______________

GOD'S HAND: The Secrets of Replica Sneaker Selling


Having been in the rep game for around 4 to 5 years, it all started out of sheer curiosity. I spent ¥1099 for Air Force 1's some celebrity wore, only to had my buddy show up on me with a fake pair of the same sneaker only costs ¥300.
Not everyone is some rich parents' spoiled brat where a pair of shoes costing a couple grand is considered pocket change, yet everyone has that sense of envy, the need to follow the hype to really stand out from the crowd, so do I honestly. But then again you'd only wear that pair of grails for only a good couple months and it'll be out of the wave, why not I find myself a more wallet-friendly way to do so?
Ever since dipping my toe into the replica community, I'm making connections, meeting new friends and getting scammed in every step I make, keeping contacts of my favorite sellers (looking back yeah they're not the best and cheapest isn't it huh). I'm deep in the rabbit hole now, buying so many pairs I'm starting to be able to tell batches at a glance, and where to hunt down that very best batch at the cheapest price. At this point it's natural that I'm thinking of selling these reps and becoming a middleman with the best of the batches under one roof (which is what's following below).
Anyone who has dealt with middlemen know that actually tracking down the direct factory outlets are nigh impossible, and the multiple stages of middlemen-ception where bigger but more discreet resellers selling to more minor, smaller middlemen can only make one dream of the sheer profit you can make for being on the very top of the pyramid, that idea has only been a mere blip in my mind. There was once in a bar my fam hollered at me with "Yo you remember that John Doe went to Putian for two years? Dude gave up college and has been filthy stinkin' rich by now!" I was like bah it'll never work out for me, but with the summer break I'd worth giving it a shot and have John Doe on the line. And boy howdy, ain't he wildin' right now with his business.
Some say every Nike you see there's 1/3 chance it's straight outta Putian, some say Nike's LC works by handling a pair of dumb shoes to an uninformed factory worker and have him say "fuck kinda shoes are these, looks cool I guess so it's legit?" The only way is to really tear down the whole sneaker and see the markings in UV, and once we're on the point where we can fake inside tags and its barcodes, ask yourself can call out fakes on feet?
A promotion for \"discount\" NB's on Weibo
Ever seen promos like these?
It's what I saw on Weibo today, and you've seen one like it yourself did you? They all look good on the images and you'd be right that they're photos of the real deal, just that of course the shoes you actually get were reps, and for each pair profits are never above ¥100; I sell ya an NB for ¥165, I'd only make ¥50.

REPLICA SNEAKERS: HOW DO THEY GET SOLD?

TAOBAO
Taobao has always been the single biggest hub for BST. Run by the faceless middlemen, sold by the page visits, and reviewed by the bots. And stores with inflated trust scores were used as a front, once costing hundreds of yuan to buy now go for the tens of thousands. As Taobao is taking action to curb counterfeits to make way for legitimate resellers, these fronts are getting more expensive by the day, since then people took it to WeChat later on.
Ask anyone who ran a Taobao store, and they'd tell you "you'll never make a cent unless you're selling fakes". A pair of (fake) shoes take some ¥100 to make, and can be sold as a legit like the thousands of yuan you see on their listings, you'd get away with dozens of fakes sold this way, where you can properly guage and adjust said price to match your profit margins. Once the rep game got popular and the snowball kept rolling, the problem got too big for Ma Yun to not ignore it and he went full banhammer on every rep seller. With every media outlet roasting Taobao's ass, everyone wises up to the knowledge that almost every sneaker you see could be fakes. The stigma lived on, and no one would touch any store where its place of origin writes "Putian".
When life gives you lemons, you make a whole damn lemonade stand and just circumvent the whole damn thing by appearing that you're not from Putian. Problem solved. As you check your shipping details, it always seems to travel from Shangai, Shenzen, Quanzhou or even goddamn Xiamen of all places, even overseas.

Proxy services are very popular due to China's stringent laws
When sneakers are labeled as being shipped from Hong Kong, of course the sellers gonna say "it's from Hong Kong" but in fact it's shipping from Shenzhen, and the seller's excuse is that the sneakers are going through HK's borders from Shenzen then to the buyer's location. Even if you bought fakes in Tmall however, it won't be as bad as the ones sold as legit retails in Taobao. There's just too many of these rip-offs anyway! Had a reseller came to me to buy 10 pairs of sneakers, I make ¥10 each pair, but he sold it as retails and went on to make ¥500 each. Of course I'd panicked a jacked a prices a bit so I could have my own slice of extra profit to ¥20 each pair, said the factories jacked the prices themselves as an excuse.
Hoe's mad I guess

WECHAT
While profit margins are no higher than Taobao, they still range around a dozen yuan on bulk. For all the actual friends I have in WeChat, I'd never believe them not having owned a replica sneaker in their whole life, blah blah blah "factory direct", "wholesale prices" my ass, who really can head to the factories and buy direct these days? Rep resellers buying bulk from those factories are truly the "direct from factory" purchases. Resellers then selling the reps to middlemen and agents, that's another step. Said middlemen then resell these reps to quote-on-quote "middlemen". (NB: may have been the very resellers we see on the sub) And it goes on and on and then, to you, the customer.The so-called A-grade reps you see on WC, let's say we buy it from the factory at ¥200 (for example, the real deal won't be this cheap) and sell to the end-user for ¥400~¥500, it does in fact look decent. Heck, retails may get "called out" in forums and reps may sneak under the radar. Chat and forum opinions aren't good indicatiors for a rep's actual quality. Thus you may wonder why buy retails at this point? No one would really hit the New Balance outlets at their local Wanda mall and ask the teeny-bop promoter lady if their kicks are legit anyway, so wouldn't this been the dream job you've wanted, right?
SMALL-TIME AGENTS
These sort of agents are mostly handling orders from overseas to cater the westerners, mainly Russian, SE-Asian, North/South American countries etc., and will never be some solo project as they always come in groups of a few dozen staff members. These agent groups can also hire decently well-spoken college students to help converse customers in English and pay them good pocket change, which is eerily similar to how Forex scams work before, but this time they're doing legit businesses for a change. Sort of.
FREELANCE AGENTS
The most common agent you may come across can be your close friends, they get instant payouts for attracting their local classmates to collect orders for reps, and this wannabe hustler reports them back to the resellers to ship to school dorms directly.

REPLICA BUILD AND QUALITY

Replicas reach far, far and wide. You could see your neighborhood cleaner aunt wearing 990v4s, motorbike taxi riders wearing Duck Camo AM90's, your kind old uncle next door exercising in Flyknit Racers and so on. NB, Nike, Converse, Ascis, Kappa; any brand you wanted they got it. ¥100 to ¥500 is what the factories charge, but after it hits resellers with a ¥200 hike, the illusion what seems to be a shoe that'll last breaks down as it wears out after a few wears. Bad stitching? Poorly-tumbled faux-leather? Off-moulded shape? I'd believe you but you sure you can tell if the EVA is fake by just looking on it? Is the gluing pattern underneath it visible even? A good deal of local boutiques sell ¥120 replicas at official retail prices like ¥599, a good ¥400 profit.
Putian factories are split into "heavy" and "light" industries. The heavy industries builds the sneaker as a whole from scratch, while the light industries were like CKD vehicles, where parts are purchased and assembled together instead. and quality of each part of the sneaker depends among factories. Lots of them try to cut corners to save every extra cent, which explains the decreasing quality of recent sneakers you see now. Larger factories has always been delivering consistently decent sneakers, as customers who contacted them are much picker and won't slash prices along with quality out of the blue. The stitching (and Nike Air units/Boost soles even!) is close enough to pass off as retails. Some of the more badass factories can make a batch of 100 brand new replicas for you, just hand in a donor retail pair and they'll get to work.The old dogs in Putian has been around for ages, runs most of the resellers you know and love. They buy reps from the factory direct at ¥140, sell to resellers at ¥160 and have the resellers push ¥180, at these prices the shoes are just not enough to satisfy demand. I've gave it an estimate if the factory got his order to 30 dozen pairs of reps, with each pair a ¥20 profit, we're looking at ¥7,000 a day or ¥20,000 a month in gross profit.
Of course, the Sales and Commerce Assoc. will still take a heavy hand on counterfeit sneakers till today, basically a few sellers every month get caught in the counterfeit business. The offenders walk into the office, sit down, had "the talk" yet again and pay a good ¥30k~¥50k fine and had their licenses taken away, for just awhile. Factories themselves get raided very seldom, maybe a every 6 months only a single factory gets caught per year. Putian has become the leading worldwide repsneaker operation for the entire world, and outputs around 50% the actual worldwide sneaker market, an estimated ¥20bn yearly. The Nikes and Adidases you wear now has an "OEM" for that. You may have bought a brand sneaker [in China], but it may very well be a fake regardless, to be fair the quality itself is indistinguishable anyway.

REPSNEAKER GRADES

1) The Standard Putian's cheapest offering, pretty much trash tier and a certain Taobao sells them the most often :^)
2) The GET Batch A huge improvement from the Standards, and the so-called 1:1 batch from the mouths of others. It's really not, some of the materials itself is not as fine or accurate as the real deal. Tmall often sells these batches, but often get sold as retails.
3) The 1:1 The absolute tip of the high-end replicas. Take it to HuPu.com and only the eagle-eyed few would call you out. Not everyone can get their hands on them, regardless of price. [eg: similar situation to UABat's Union AJ1's]
4) The Retail Nuff said, just retails. (But really, reps cost just 1/5 of the retail price, why bother lol?)
A snapshot of KFC6855's wares

HOW TO TELL FAKES

[The author essentially details how to LC NB998's, so this is best skipped as it adds nothing to the article other than repeating the author's point over and over.]

THE REPSNEAKER FUTURE

If you ever think replica sneakers will only remain within the hypebeast sporty trainer radar, oh you'd be surprised. The replica factories are on full steam, churning out Dr. Martens, UGGS, Tod's and a lot more to come. If you're interested, my WeChat: KFC6855 has them on sale right now, guaranteed to keep ya comfy this winter.

With all that said, I hope you learnt something from this, and now that you know if you really wanted a retail pair to sleep well at night, just don't get 'em in online stores. There's no glitz and glamor selling counterfeit sneakers, it's just business after all.
If you know, you know.

submitted by TeddyTheEspurr to Repsneakers [link] [comments]

UK Guide to US Options Trading

This is guide to US options trading from the UK, because I've seen countless requests of people browsing in /ukinvesting, /options, /wallstreetbets etc. about this.
First thing's first - no part of this post is to be taken as financial advice. It is a guide on how to start options trading from the UK. Options/CFD trading is a high-risk activity and most retail traders lose money.

1. CFDs vs. Options

So getting started, options and contracts for difference (CFDs) are both financial derivatives - they derive their values from an underlying security e.g. stock, indices, currency, commodities. Long story short, CFDs do not have an expiration and options do; and at the option expiration date, options give the opportunity to buy/sell the underlying (e.g. stock) at the agreed strike price. CFDs are highly directional (delta) trades where positions require ongoing financing fees by a broker, whereas options strategies allow the trader to trade time decay (theta) as well as market volatility (vega). Options provide greater flexibility in trading strategies (time/volatility trading as well as direction); however, due to this, the more complex strategies can be difficult to understand.
Spread betting allows a literal directional bet of an underlying by a certain date. It is most similar naked options - i.e. if your position moves against you enough, your broker may forcibly close your position unfavourably and/or margin call you for extra cash ("you can lose more than your initial deposit"). With options/CFDs, you can define risk by specifying a profitability range (spreads) instead to avoid this scenario. Due to spread betting being so close to gambling, it is treated as such in the UK in terms of taxation - gains are tax free. I will also add here that CFDs/options can also be used in this manner (gambling, with subsequent margin calls etc.), and that CFD brokers tend to understate the risks of these strategies, whilst almost all options brokers require elevated permissions to seek out this level of risk - this is because blowing through margin presents a risk to the broker and they would rather have commissions without the risks of the brokerage going bust. The lowest level of permissions still allows you to buy extremely highly leveraged OTM options without margin, as your max loss is limited to the amount you paid for those options.

2. Brokers

Given that options effectively open up two additional aspects of trading (time/volatility) and require additional regulatory oversight compared to CFDs/spreadbetting, there is basically no options market in the UK - the only brokers at this time are IG/Saxo, and they only do vanilla options on Forex/Indices/Commodities. Everyone else only does CFDs and/or stock (T212, Freetrade, IG, Plus500 etc.). To engage in true stock options trading, the only choice is to open an international/US brokerage account.
The two that are accessible to UK investors are Interactive Brokers (IB) and TastyWorks. Both are reputable brokers and have strong insurances for cash & securities held with them.

3. Opening an account

I will walk through some of the aspects of funding and operating a TastyWorks account from the UK, as this is my recommendation if you're here looking for a cheap way to get started.
Opening a free account on TastyWorks is easy as they are used to foreign traders (form filling within 20-60 mins - you will need a photo of proof of ID and address). It typically takes 1 day for cash accounts and 2-3 days for margin accounts to be ready for funding. My referral link if you feel this guide deserves the effort is: https://start.tastyworks.com/#/login?referralCode=GD9EGGNZYZ. (mods, happy to remove this is this guide is deemed low effort)
The account types are:

4. Funding the Account

Since trading US options is done in USD, the account must be funded in USD. As international traders, deposits must be "By Wire", assuming you do not have a US bank account - full instructions for the "By Wire" method will show up when you are approved to fund your account. With TastyWorks, UK traders have 3 options at time of writing, going from highest to lowest fee:
1) Starling Bank: ~1% commission (+flat fee TBC?)
2) CurrencyFair: typical ~0.75% commission +$20 flat fee
3) TransferWise/Revolut + UK USD Account: ~0.5% commission +$20 flat fee
TastyWorks does not accept third party transfers (accounts not in your name), so services such as Revolut and TransferWise (inc. borderless) do not work directly
4.1 Starling Bank
With Starling Bank, you can do an international wire from a GBP account directly. Easy online bank setup and probably fastest way to get started, especially if you already bank with them. Note: Starling Bank is rejecting transfers to TastyWorks 'as it sits out of our international payment provider's risk appetite' (as of 11th May) - waiting for updates
Note that other routes include a $20 flat fee charged by intermediate banks before the transfer reaches TastyWorks. Haven't got confirmation that this route is charged or if Starling includes it within their higher fee.
4.2 CurrencyFair
TastyWorks have approved transfers via CurrencyFair with a guide at: https://support.tastyworks.com/support/solutions/articles/43000435321-can-i-use-currencyfair-to-fund-my-account-
Easy to get started, but a couple hoops to jump through to confirm your transaction to TastyWorks via email.
Note that the $20 flat fee is for an intermediary bank to take their cut between CF and TastyWorks, but that is not mentioned on the CurrencyFair website.
4.3 USD account + TransferWise/Revolut
The cheapest option is to set up a USD currency account and transfer through that.
The account of choice is the Barclays USD Foreign Currency account - you need a current account with them to be able to open the USD account. HSBC also have an offering, but not had this route confirmed.
Once the USD account is open, you can transfer into it using Revolut/TransferWise (cheap) and then international (wire) transfer from Barclays account to TastyWorks (free!). Note that the Barclays USD account is still a UK bank account, so you'll need to use a SWIFT transfer from Revolut/TransferWise to turn your GBP into USD.
Note that the $20 flat fee is for an intermediary bank to take their cut between Barclays and TastyWorks, but that is not mentioned on the Barclays website.
4.4 Withdrawals
To withdraw funds, do the opposite for a deposit, noting that $45 will be charged by TastyWorks per withdrawal.

5. Getting Started

I highly, highly recommend TastyWork's education centre and their TastyTrade videos, especially if you are new to this.
Otherwise, once funded, it's as simple as downloading the app on mobile, using the browser trading screen, or downloading their full desktop platform.
That's it for the guide - happy trading, and if there are any questions, feel free to get in touch and I'll edit the answers in here. I want this to be a resource because I've helped many people get started, and it would be good to have it all in one place!
submitted by TheScotchEngineer to UKInvesting [link] [comments]

125 days strong and counting

Last posted an update when I was 3 weeks in here.
Bit of a TL;DR for going decaf. My caffeine consumption came from pre-workouts, caffeine tablets and energy drinks. Right before I went on decaf I was probably consuming close to 1g of caffeine a day (2 tablets at 200mg per tablet in a morning, 3 scoops of pre-workout at 250mg per scoop at the gym, and maybe an energy drink through the day/or other fizzy drinks containing caffeine).
Got to a point where I was feeling nothing off that amount besides a bad night's sleep and a wave of anxiety.
Went cold turkey and started to notice improvements straight away. Sleep was noticeably better. Weirdly when I was taking that much pre-workout at the gym around 7pm, I never had a problem actually getting to sleep so I always figured I could handle the caffeine well. Just could never figure out why I felt worse the morning after haha
As the days and weeks went on noticed more improvements like more stable levels of energy through the day, more motivation, better feeling of well being, improved mental health etc. All positives.
Even now over 4 months later still feel like a million times more productive than I was before. I got furloughed from work in April, and since then me and a few friends set up a small online business, I've done jobs around the house I'd been putting off for months and years, picked up some new hobbies/skills such as forex trading.
Mood has also been a big one that's improved. There'd be times I'd be short and snap at my girlfriend. We'd get in to arguments because I'd have a short temper and such, and would just lead to putting a downer on some days because I snapped at something stupid. Feel a lot calmer and a hell of a lot less in terms of mood swings now.
My diet and sleep regime has always been strict with my powerlifting training, which I feel attributes to the lack of side effects in the early days. I think it was the 3rd day I really noticed a difference and never really got any cravings for a caffeine "pick-me-up". I still have the caffeine tablets in my supplement cupboard and not thought about taking them once.
My morning supplement stack is:
Multivitamin Fish oil Vitamin D 6mg Boron 250mg vitamin B6 powder Pinch of Himalayan salt mixed in to glass of lime juice
The lime juice/himalayan salt/vitamin b6 powder is my go-to morning drink for an energy boost now. I promise you this will give you a buzz like your morning coffee used to.
The multivitamin and fish oil are pretty basic supplements to take. Vitamin D I was already taking from the winter and just keep it in my stack. Boron as I think it's a hard mineral to get from food, and has some great benefits in hormone levels in men that studies have shown. High dose of vitamin b6 for its role with hormone balance as well, and as well as its role in the functioning of HPA axis helping regulate adrenal and stress response.
Pre-bed supplements are just 5-HTP and ZMA.
Opted for a stim free pre-workout at the gym as well, and feel much better on it with much more energy throughout my workout and all around feel like my performance in the gym has much improved. I've read studies on how caffeine and it's role on cortisol can then have a negative effect on testosterone levels, coupled with poor night's sleep, so I'm attributing it to a much better hormone balance now.
Giving up decaf has been great for me and I've advised family and friends to try it too, but I think the improvements in day-to-day life are only as good as what your day-to-day regime is in terms of diet and sleep and water in take. I drink about 4 litres a day minimum, for example. I think if you're lacking in these areas, then you're gonna still have those dips in energy etc where before you'd cover it up with caffeine.
Hoping it's a good read for someone anyway!
submitted by Harrysoon to decaf [link] [comments]

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submitted by ViralMedia007 to FREECoursesEveryday [link] [comments]

ACCELERATING PROFITS SYSTEM REVIEW

Accelerating Profits System

Accelerating Profits System Review 2020
Let me tell you today about the best currency system.
If yes, answer one of the following questions:
Are you ready to take advantage of currency trading to a whole new level?
Are you new to beginners looking for an easy to understand forex system to make a profitable business?
Do you want to get out of the rat race and work at home, earn money online, and enjoy financial freedom?
… you get a quick overview of the benefits.

Yes, Tradeology is launching an exciting new Forex system that is sure to make an impact.
This is one of my favorite things in Forex and for good reason.
For those of you who want to 1) new Forex traders or 2) make more Forex money, this is a reading test.
I’m just asking you to spend 5-10 minutes reading the entire post.
Not only does it convey the important information you should know before buying (this system is not for everyone!).
However, we also offer a discount code that allows you to purchase an accelerated reward system for a limited time.
If you want to buy this system, you must do it as soon as possible.
The company is used to buying its products in the short term …
As a rule, no one notices when they shut down their systems.
If you want this system, buy it now (until it disappears).

Accelerating Profits System

This product is the best currency trading system yet and is required for those who don’t already have six-digit forex trading.
What does an accelerated benefit mean? Like previous commercial systems, this product consists of three parts.

1. Training

All Tradeology products include all the training you need to understand how your systems are being used to take advantage of Forex trading.
This includes an accelerated result.
If you are a beginner or an average Forex trader, the training offered with these systems will provide you with everything you need to know to use these systems and get the best results.

2. Software and system

The real value of accelerated revenue is software.
This includes indicators (which can be downloaded at the time of purchase) and the actual trading system (this will be done for accurate operations in the foreign exchange market).
The software has been tested and verified with an accuracy of over 90%.
It analyzes the currency pairs for you and gives you input and output signals.
All you have to do is do what you are told to do.
I recommend that you follow the system as planned. Don’t try to include your strategy in the mix.
The software analyzes multiple currency pairs and markets simultaneously. This not only reduces trading time but also saves three to five times more money than today. Analyze much more data than people.
(To be clear, profit acceleration is not a forex robot, you should always trade yourself!)
If you follow the system step by step, you will be successful.
If you have trouble understanding the system or installing the software, please contact technical support in the participant section.

Accelerating Profits System

submitted by crytical23 to u/crytical23 [link] [comments]

Forex Remote Trade Market

The outside trade showcase is otherwise called FX or it is likewise seen as alluded to as the FOREX. Each of the three of these have a similar significance, which is the exchange of exchanging between various organizations, banks, organizations, and governments that are situated in various nations. The money related market is one that is continually changing leaving exchanges required to be finished through representatives, and banks. Numerous tricks have been rising in the FOREX business, as remote organizations and individuals are setting up online to exploit individuals who don't understand that outside exchange must occur through a representative or an organization with direct support associated with outside trades.
Money, stocks, and cash is exchanged through the outside trade markets. The FOREX market will be available and exist when one money is exchanged for another. Consider an excursion you may take to a remote nation. Where are you going to have the option to 'exchange your cash' for the estimation of the cash that is in that other nation? This is FOREX exchanging premise, and it isn't accessible in all banks, and it isn't accessible in every single money related focus. FOREX is a specific exchanging condition.
Private venture and people in many cases hoping to bring in enormous cash, are the casualties of tricks with regards to finding out about FOREX and the remote exchange markets. As FOREX is viewed as how to make a fast buck or two, individuals don't scrutinize their cooperation in such an occasion, however on the off chance that you are not putting cash through an agent in the FOREX showcase, you could without much of a stretch wind up losing everything that you have put resources into the exchange.
Tricks to be careful about
A FOREX trick is one that includes exchanging however will end up being a cheat; you get no opportunity of getting your cash back once you have contributed it. If you somehow happened to put away cash with an organization expressing they are engaged with FOREX exchanging you need read near learn in the event that they are allowed to work together in your nation. Numerous organizations are not allowed in the FOREX advertise, as they have cheated speculators previously.
Over the most recent five years, with the assistance of the Web, FOREX exchanging and the consciousness of FOREX exchanging has become extremely popular. Banks are the main hotspot for FOREX exchanging to occur, where a prepared and authorized merchant will finish exchanges and necessities you put forward. Commissions are paid on the exchange and this is the standard thing.
Another kind of trick that is common in the FOREX markets is programming that will help you in making exchanges, in finding out about the outside business sectors and in rehearsing so you can set yourself up for following and making exchanges. You need to have the option to depend on a program or programming that is truly going to have any kind of effect. Talk with your budgetary specialist or your bank to become familiar with FOREX exchanging, the FX markets and how you can abstain from being the person in question while putting resources into these business sectors.
#Future Academy
submitted by futurefxmarketltd to u/futurefxmarketltd [link] [comments]

I was contacted by someone from iMarketsLive/IM Mastery Academy and crashed a few of their zoom calls

I was recently contacted by someone on my personal IG account who I didn't follow and who didn't follow me back, asking me if I was interested in learning about trading and making money while doing it. Turns out I'd actually been researching the company for about a week for my podcast. He probably found my account because for that purpose I followed a few of their influencers, even though when I asked him how he found me, he lied and said he's go through hashtags about trading and entrepeuneurship and message the people who used them.
Since I wanted to dig a little deeper, I told him I was interested and he invited me to a zoom call later that same day, where some team leaders would talk about the opportunity more in depth.
I got into the call and there were about 150 people at the start. Later that number would go to 250. The speaker was 24 years old and in the rank of chairman 10, which means he makes 10 thousand a month. That number though, is exclusively due to bringing more people in, not from trading. First thing he did was quote Rich Dad, Poor Dad from Robert Kiyozaki. He quoted the bit of the book that says that 5% of the people on the world own 95% of the money, and that's because they have their money working for them. Basically this was the set up to say "If you want to be part of that 5%, this is your chance." I atended a few more calls, they all had the same tone, and the same predatory nature of all of the messages I've been seeing in this subreddit for years: be your own boss, have financial freedom, flexible hours, talking about people who have a normal job with a normal schedule "aren't truly free", and how trading, bitcoin and forex is the future, and anyone who doesn't jump at the opportunity right now is just missing out.
Even though I've been consuming antiMLM content for a while and could see right through all of their bullshit, it was truly disheartening to be on those calls and go though their social media and see how many people who are really vulnerable, specially due to the pandemic, are being bamboozled by all of this.
From my research into them, I've learned that, as is the case with most MLMs, most of the people who join end up losing money, that their executive VP, Alex Morton is an absolute sleazeball who was in two MLMs before this one (Vemma and Jeunesse) and that the product they offer, the trading courses doesn't seem to be hight quality (I don't know much about trading, so I googled "best online trading courses" and they didn't show up in any rankings, even though they claim to be the #1 online academy worldwide in their presentation without citing any source) and there are services who offer the same for a fraction of the price and without the incentive to recruit anyone.
This MLM is absolutely blowing up in my country (I'm from Chile). Recruits have been trained to ignore any sort of criticism as jealousy, negativity of just ignorance, and while they incentivize their members to "study and expand their knowledge" this invitation seems to be limited to their pre approved list of self help and millionaire mindset books, and the very bottom of the barrel content their own influencers produce.
I haven't seen much about this MLM on this subreddit, so I'll leave some of the resources I used when reasearching them:
-Truth in advertising's analysis of the company: https://www.truthinadvertising.org/what-you-should-know-about-imarketslive/
- Can you make money with IM Mastery Academy? https://www.finance-guy.net/streetonomic/im-mastery-academy-review
-Is IM Mastery Academy a scam? Most people make $52 for the year https://theaffiliatedoctor.com/is-im-mastery-academy-a-scam-most-people-make-52-for-the-yea
submitted by retiredmathteacher to antiMLM [link] [comments]

Good Forex Signal Provider

Online trading such as Good Forex Signal Provider, and it's easy to understand why. If you're in a low-paid career or you're saving up for a new house or car, it's tempting to see online trading as an easy way of making extra cash. Take a look at the figures, though, and you'll see that the majority of new traders end up losing their investments within the first six months. Even experienced traders can make bad decisions and end up losing out.Unless you have a good knowledge of how the markets work, you could be risking your hard-earned money too.
submitted by Lingonberry_Advanced to u/Lingonberry_Advanced [link] [comments]

Kraken / Etana Custody when you sign up - jobs, salaries, previous employers, income sources, wealth, etc.

Anyone considering Kraken as a crypto exchange, you'll want to read this. The following post also an excellent read on why you should never use Etana!
https://np.reddit.com/KrakenSupport/comments/gwy76y/etana_custody_really_cannot_continue/
Kraken's custody partner Etana (used for fiat deposits) is the most invasive KYC I've ever seen for a crypto exchange. I don't mind basic KYC but this is too far. All this, so I can make a fucking fiat deposit. I was so fed up with Etana and their bullshit, I decided not to use Kraken.
Here are a few of the many invasive questions below, many of which will surprise you. * indicates it is a mandatory field.
Section B
Section C
Section D
PLEASE CHOOSE THE SERVICES YOU EXPECT TO USE (FOREX TRADING, ETC.)
Section E
Section F
"Etana Custody Limited (Etana) is required to establish if any business or individual has a relationship with a person that is going to open, maintain, or benefit from a deposit account, loan, or any other of Etana’s services if they are considered a "Politically Exposed Person (PEP)" as defined by law. A "Politically Exposed Person-PEP" is a person who is a "foreign political public figure”. This may be an “immediate family member” of the "foreign political public figure” or a "close associate" of the public figure defined as follows:
  1. A “foreign political public figure" is an official in the executive, legislative, administrative, military or judicial author-ities of a foreign government (whether elected or not), a senior official of a major foreign political party, or a senior executive of a foreign government corporation. In addition, a "foreign political figure abroad" includes any corpora-tion, business or other entity that has been formed by, or for the benefit of a public figure in any country outside the United States and its Territories.
  2. An "immediate family member" of a "foreign political public figure" usually includes parents, siblings, spouse, chil-dren and in-laws.
  3. "close associate" of a "foreign political public figure" is a person who openly and publicly knows the "foreign polit-ical public figure" and has a close relationship with the "foreign political public figure” and includes people who are in a position to make important national and international financial transactions on behalf of "foreign political public figure”."
Section G
PLEASE STATE HOW THE SOURCE OF WEALTH FOR THIS APPLICATION HAS BEEN RAISED
submitted by DarkMatterEclipse to CryptoCurrency [link] [comments]

Support/resistance ELI5?

I took the decision I want to start learning the technical analysis very very good. I just have a bad problem with remembering the right terms and applying them. So far, I trader just on fundamental analysis and with the financial background I had, I calculated all as a ‘pure maths’ thing.
Even though it worked for me, I realise I would be superficial if I don’t study the technical part. I don’t have forex training so I’m struggling a bit since I just started to learn few days ago.
Can someone explain me ‘like i’m 5’ what are the support/resistance ‘interferences’ in the technical analysis strategy? Like, how do you realise/predict these?
I looked online and I mostly find fancy answers. I understand them ‘by heart’ but that’s it. I’m sure I worked with them until now without having any idea about their name or without this logical analysis. So I wanna understand this concept and not be superficial.
Thanks a ton!
submitted by FocusedJade to Forex [link] [comments]

Ubanker Online Trading

Ubanker Online Trading
Ubanker is Forex and CFDs broker, which provides services in Nigeria. The main goal is to offer to the potential traders all tolls needed to get great experience with online trading.
submitted by markbmark999 to u/markbmark999 [link] [comments]

Triton Capital Markets — How to Trade with MetaTrader 5

Triton Capital Markets offers the incredible MT5 to its dealers, permitting them to exchange various resources, for example, on forex, fates, and, with adaptable just as no re-cites, no value dismissals and zero slippages.
A center advantage of the MetaTrader 5 stage is that you can exchange from anyplace and whenever from the solace of your cell phone and tablet. This empowers a broker to exchange their advantages of decision from any internet browser and any gadget. Moreover, the MT5 stage offers, exchanging signals and, and all the accessible devices and highlights can be utilized from a solitary incredible.
Here is the thing that to do to encounter the full intensity of the Triton capital Markets MetaTrader 5:
1. Training
As referenced above, MetaTrader 5 is stuffed with various highlights and exchanging assets, which are intended to upgrade your exchanging exercises. It is critical to find out pretty much all the highlights and their pertinence to guarantee that you are well prepared to exploit the full intensity of the stage.
From the accessible 7 resource class types, various exchanging devices, pointers, and graphical items, to 6 distinctive request types, numerous robotized systems, and market profundity, you may have the option to completely misuse the crude intensity of the MT5 stage if you set aside some effort to teach yourself on all the accessible functionalities of this natural stage.
Triton Capital Markets additionally has various instructive materials explicitly on the MT5 exchanging stage that are open for nothing in our ‘ area. Make certain to exploit the educational and amicable eBooks and recordings that disclose in detail how to exchange money related resources online proficiently.
2. Installation
Here are the base framework prerequisites for utilizing Triton Capital Markets MT5 on your PC:
Windows 7 Operating System or higher (64-piece framework suggested)
Pentium 4/Athlon 64 processors or higher (All cutting edge CPUs ought to have the option to help this)
If you mean to be a substantial client (For example, opening different outlines and using numerous EAs), you could think about increasingly incredible equipment choices
Follow the means underneath to download and introduce Triton Capital Markets MT5 on your PC:
3. Add Your Request
If you have just signed into your Triton Capital Markets MT5, it is presently an ideal opportunity to estimate the costs of your preferred resource.
There are a few different ways to put in a request on MT5:
Snap-on Tools on the Menu bar. At that point select ‘New Order’
On the Market Watch window, double-tap on the benefit you wish to exchange (you can likewise right-tap on your ideal resource and afterward select ‘New request’)
Open the Trading tab on the lower terminal and select ‘New Order’
Press F9 for a single tick exchanging on the outline of your preferred resource
At the point when any of the above alternatives is applied, the ‘Request Screen’ will spring up. The screen will have a tick graph on its left side and customizable request subtleties on the right. The tick outline shows the offer and asks costs, and along these lines, the constant spreads (the contrast between the offer and ask costs).
The request subtleties on the privilege are:
Image — This is the benefit you wish to exchange.
Request Type — You can pick between Market Execution and Pending Execution request types.
Volume — This is the amount (in part measures) that you wish to exchange, of the chose hidden resource. On a standard record, 1 part size is what could be compared to 100,000 units, which commonly implies that will be around 10 US dollars (USD) on most resources.
Stop Loss and Take Profit — You will have the option to join stop misfortune and take benefit orders on the entirety of your exchanges. Stop misfortune orders when the advantage value moves against you, while take benefit orders permit you to book benefits when the benefit value moves in support of yourself.
Remark — You can include any notes concerning any exchange of the remark segment. This is perfect for merchants that report their exchanging exercises.
Exchange Any Time and From Anywhere
The Triton Capital Markets MT5 stage likewise has a web form that is open on both portable and work area programs. There is likewise a downloadable versatile MT5 App that is good with both Android and iOS cell phones. This gives the accommodation and adaptability to exchange from anyplace. Besides, you can likewise sign in over the various stages utilizing single login certifications.
MetaTrader 5 — The Benefits of Trading with Triton Capital Markets
Triton Capital Markets is an honor winning and which furnishes brokers with all the devices, administrations, and highlights required to satisfy one’s full exchanging potential.
Guideline — Triton Capital Markets is a managed dealer, giving merchants genuine feelings of serenity that they are joining forces with an agent that works inside the rules as set out by perceived, global administrative bodies.
Natural Trading Platforms — Triton Capital Markets gives its dealers access to a wide decision of top-quality and incredible exchanging stages including the exceptionally famous MT4 and MT5 exchanging stages.
A Choice of Trading Instruments — Traders at Triton Capital Markets can get to a decision of exchanging instruments including digital forms of money, stocks, products, records, forex sets, and securities.
Wellbeing and Security — Safety and Security — At Triton Capital Markets, every one of the customers’ assets are held in an isolated record. Besides, each record has negative equalization insurance to guarantee that a dealer’s record never goes under zero.
Secure Payment Options — For installments, Triton Capital Markets gives access to a wide assortment of, which incorporates charge cards, wire move.
Complete Educational Resources — Triton Capital Markets gives its brokers access to a wide decision of instructive materials including recordings, eBooks, online courses, articles just as access to Sharp Trader, our special exchanging foundation.
Proficient and Responsive Customer Support — You can contact the multilingual Triton Capital Markets client assistance just as access to a committed record director.
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Cannot Change Myself

I am 23 years old male and a failure. I am about to drop out of my mechanical engineering degree of 4 years because I abandoned my studies. I had my worst mental breakdown in my life. I just cannot give a single fuck about my degree. The final straw was this COVID 19 quarantine. I had to learn everything online and about half of my professors just told to study without any material guidance. We basically had to google whatever related to the assessment that they will publish. It made my degree studies felt so far away from me (in a sense that the degree did not feel real). I cannot learn without physical classes. I will attend about 30 minutes of online class and just close the online class because I felt I just cannot care about my studies.
To be honest, I have a weak mental. I cannot take too much stress at a time or I will have breakdowns on which I do not do anything productive. Basically, I can only handle so much at a time. There is so much stress at home due to quarantine that I was always preoccupied with mental breakdown every day. I am extremely introvert and private. I have 6 siblings so the house during quarantine is very cramped (8 people in a small house and me and 2 brothers had to sleep in living room). So just waking up already stresses me out. There is basically no private space for me to run to except a small cramped hot room that is filled with stuffs. So, I completely turned away all my studies and binge on interesting things on the internet such as anime, comics and forex trading. When I discovered forex trading all I saw was a potential career and so it made my decision of ignoring my studies even stronger but in the back of my mind I knew this forex thing is just another excuse to run from my studies.
I know reading this you probably thought I am weak or sissy or something. I just cannot change for the better. I have tried time and time again to improve myself. I have joined Civil Defense in my uni for 3 years. In those 3 years, I have joined many activities to build my character. I took responsibilities in some of events, sometimes leading and sometimes leaded. I tried to be better. After 3 years, I discover that I did not change at all. I even joined character building camp in a mountain for 6 days and still I was the same person. I was still weak minded and anti-social.
I have tried many self-help books and methods since I was 18 yo but to no avail. I would stick to them and feel enlighten for 2 or 3 weeks and revert back to a piece of shit that I was. I do not think counseling will work either because my country is pretty religious they will probably say some shit relating to being far away from religion etc. I did gave up on God and became an atheist (secretly).
Please help me. How do I become at least a tiny little bit better human? I do not even know what to do anymore.
TLDR: I am a piece of shit human, a man baby, weak willed person and probably will get kicked out of engineering degree (currently 4th year). I tried many self-help books and method and is still a human trash. What to do?
submitted by pisau97 to Advice [link] [comments]

Forex Trading

We Are Well-controlled and Safe
Your Forex representative (Fx Broker) will hold your assets. Along these lines, it is significant you confirm it is protected. Forex Birds effectively goes around this worry as we are enlisted with and appropriately managed by the Europian Securities and Investments Commission. Subsequently, you can be certain that we will consistently guard you and your assets! forex india, forex representative india, forex dealer in india, fx merchant, about forex exchanging
We Genuinely Want Our Clients to Succeed
Truly, we need to see you succeed. When you open a record with us, we will hold your capital in trust and show you how to exchange. We will work with you until you succeed. Our exchanging stages are responsive, our execution speed is quick, the business sectors we spread are wide, and we give you instruments that will assist you with limiting your misfortunes and amplify your benefits. We need to see you succeed in light of the fact that as our customer, your prosperity is our pride! forex india, forex representative india, forex specialist in india, fx intermediary, about forex exchanging
We Are A Broker of Established Repute
Our notoriety has been affirmed. We have been around for long and about us our customers from everywhere throughout the world have only positive comments. We offer just a market-driving, industry-standard business administration, and we realize you would not have any desire to preclude yourself from claiming it. forex india, forex intermediary india, forex merchant in india, fx specialist, about forex exchanging
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Positive Trading Conditions
Our exchanging stages are easy to understand. They were created with the sole point of fulfilling the necessities of our customers. Thus, they are responsive and high instinctive, making them simple to explore. Furthermore; the execution speed is quick and with them, exchanging will get consistent and easy for you. forex india, forex dealer india, forex merchant in india
Various Financial Markets Covered
Monetary market s are brimming with circumstances. Therefore, the a greater amount of them a merchant offers, the better for the dealer. At Forex Birds, we comprehend this best so we generally try to extend our item contributions. From various money sets to CFDs, wares, and even cryptographic forms of money, with over <10,000> tradable items, we have you secured. You simply bring your desire while we give you your need. forex india, forex dealer india, forex intermediary in india, fx broker Complete Learning Resources
At Forex Birds, we are truly dedicated to our clients' prosperity. We comprehend that without them, there won't be us. In this way, we work with the plan to make them master brokers who will exchange for long, who won't simply exchange for some time and quit. Henceforth, we give exhaustive learning assets as explainer articles, instructional exercises, recordings, and online courses — all to guarantee that they succeed! forex india, forex agent india, forex intermediary in india, fx broker Productive Customer Support Service
You won't value the importance of a dealer's client service administration until you run into any glitch or have any issue. In any case, at Forex Birds, we don't sit tight for you to have either before we give a client service administration — an effective one at that — for you. Regardless of any inquiry you have or issue to determine, our client assistance administration is accessible all day, every day to take care of your needs. forex india, forex intermediary india, forex specialist in india, fx dealer, fx merchant, about forex exchanging,
Sound Money Management Techniques
At Forex Birds, it is our delight to see our customers exchanging easily as well as prevailing at it. What's more, measurements have uncovered that most dealers that quit do so in light of the fact that they get scorched because of helpless cash the board works on (Trading conditions). Forex Birds, thusly, encourages you deal with your cash and hazard through its arrangements, for example, stop-misfortune and cutoff orders. With us, your capital is sheltered, your benefits are ensured, and you can be a merchant for long.
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Few might has expired now. Please do let me know so we can strike those.

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#1 How Forex works: brokers, liquidity, volatility Trading Forex for Beginners - The Basics How to make money on the Forex market? Investing Basics: Forex

The example below represents the quotation of the EUR/USD. Bid vs. Ask prices. As you can see, there are 2 prices displayed: a selling price at $1.1633 1, also called bid price, and a buying price at $1.1633 3, also called ask price.. The Bid price is the price to pay to open a short position when you think that the currency pair is going downward. In addition to that, they provide you the trading software or the trading platform which bascilly works off the infrastructure and technology that the online broker has in place and its is through this trading platform where you can buy or sell and make money in online trading. The forex market works very much like any other market that trades assets such as stocks, bonds or commodities. The way you choose to trade the forex market will determine whether or not you make a profit. You might feel when searching online that it seems other people can trade forex successfully and you can't. How forex works. The reason is very strict, but at the same time very simple. Anyone who starts buying different forms of trading can ask themselves this question. B. the ability to make money with FOREX, a deal, or a market executor, and one person manages to buy some currencies because they think they can add value at some point, and some How Forex Works. The currency exchange rate is the rate at which one currency can be exchanged for another. It is always quoted in pairs like the EUR/USD (the Euro and the US Dollar). Exchange rates fluctuate based on economic factors like inflation, industrial production and geopolitical events. These factors will influence whether you buy or

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"How To Work From Home" Online Jobs 2020

- Forex is the global financial market where currencies are traded online around the clock. - Even if you’re not trading on the Forex market you can earn on a difference of currency rates by ... I understand that people get excited about trading Forex, making money, living their dreams, etc... But the reality is that, in my opinion, it takes really hard work to become a successful trader. Forex Trading Course (LEARN TO TRADE STEP BY STEP) - Duration: 4:00:10. bloom trading 798,372 views. 4:00:10. 5 Things I Wish I Had Known When I Started Trading Forex 🖐️ - Duration: 9:46. Forex trading for beginners (full course).A simple forex swing trading strategy for beginners & advanced (works). Forex trading for beginners contains 12 videos and by the end of it you'll learn ... A simple forex swing trading strategy for beginners & advanced (works). Forex beginner course part 1 - forex foundation. Perfect beginner forex strategy.