e_abrams

Both are absolutely necessary to learn to trade successfully.

When the instrument is moving sideways it's forming a range, not a trend.

Any broker that has a proper regulation and transparent trading conditions can be considered, I think.

The US Department of Treasury announced that all central bank officials and financial ministers of the G7 countries are supporting the idea of international cryptocurrency regulation. US Treasury Secretary, Steven Mnuchin, hosted an online meeting on which the central bank governors and finance ministers from Germany, Italy, France, Japan, the U.K, Canada, and the European Commission were present. The group discussed the growing popularity of a CBDC all over the world as well as privately owned digital currencies. The German Finance Minister was the bluntest in his criticism of the new developments. He harshly criticized the upcoming launch of Facebook’s Diem stablecoin and insisted that Europe is not ready for a privately owned cryptocurrency. Everyone present agreed that in this ever-evolving crypto market a clear regulatory market is very necessary to govern it. Source I think at this point such a push for proper regulation of the industry is not only inevitable but necessary as well.

I agree. Every trader needs an individual approach that fits their needs.

When it comes to trading the biggest motivation is, naturally, money.

The big question is whether the risks in forex are comparable to the risks in other industries.

Kraken is poised to raise new capital will more than double its valuation to over 10bn US dollars. Apparently Kraken is negotiating with Fidelity, Tribe Capital and General Atlantic to raise a yet unknown amount of cash. Kraken’s current valuation is 4 billion US dollars. According to anonymous sources, if the investors’ demand remains high, the company’s valuation may end up rising to the staggering 20 billion US dollars. This report comes on the heels of news that Kraken users were threatening the company with lawsuits due to a recent flash crash that occurred on February 22nd, when Ether was traded for just 700 USD while on other exchanges its price was over 1300 USD. That, in turn, led to cascading liquidations on Kraken. Source What do you think, is this a PR move or a genuine effort? I can't make up my mind.

Certainly. A beginner who doesn't know what they are doing investing a large sum is really a recipe for a disaster.

Learning how to trade properly is like getting another college degree, it takes a long time and a lot of effort to master.

South Korea’s financial regulator, the Financial Services Commission (FSC), has integrated a new penalty system aimed at cryptocurrency providers. The regulator will use these new powers to impose significant penalties on the crypto exchanges in the country when they don’t report suspicious activities on their platform. The FSC requires all South Korean crypto exchanges to keep a separate and scrupulous record of all transactions that occur between them and their customers. What is more, all exchanges are supposed to verify their clients’ identities. If any financial institutions and virtual asset service providers violate data maintenance procedures and internal protocol duties then they will receive hefty penalties by the regulator. Source Considering how popular cryptos are in South Korea, it makes sense to regulate them to make the industry safer for ordinary people.

True. The best way to learn is to just trade as much as possible. There are no shortcuts and there is no Holy Grail.

Forex trading is difficult. I don't think it's realistic to believe that one would become regularly profitable overnight.

I think there is a lot more to trading than the basics. The basics are enough to learn how to lose money, not how to profit.

Coinbase Global Inc. shares were recently traded at about 350 USD at a private auction that was held by Nasdaq, which means that they gave the company a total valuation of around 90 billion US dollars before the company has even gone public. The Nasdaq Private Market auction finished last Thursday and it was the last chance investors had to trade Coinbase stocks before the company goes public, which will likely happen at the end of March. At the beginning of the auction the shares were traded at above 350 US dollars would have given the company a total valuation over 100 billion US dollars. That said, since private auction trading volumes are quite a bit smaller than the volumes of public market, these prices are not yet indicative of the real value of the company. Not to mention what effect the hype had on these prices. Source Still, I think that was pretty impressive and it will be very interesting to see what will happen once Coinbase does go public.

What is bad is not to learn from them. Some people just keep making the same mistakes over and over again.

I think both manual and automated trade can be profitable but a trader needs experience before beginning either with real money.

Trying out different brokers is not a bad thing, as long as one sticks to properly regulated companies at all times. Never invest in unregulated bucketshops.

Considering the health crisis the Singaporean regulatory body Singapore’s Monetary Authority (MAS) has issued a a conditional registration relief for some cryptocurrency exchanges, which allows them to operate without a license. This is a similar act as the FCA decision to request all ts listed companies suspend the publication of preliminary financial reports by two weeks at least. MAS allowed over 400 cryptocurrency exchanges to work without a license, which means that they are are exempt from registering under the Singapore Payment Services Act (PSA). They are supposed to get a license by July 28th but due to the pandemic that date remains unfixed. Among the listed cryptoexchanges operating like this are Binance, Ripple, CoinBase, and Paxos. Source I hope this doesn't have any negative consequences like an increase in scams, for example.

I agree. One should never undestimate the importance of a demo account, even if one cannot profit directly to it. It is an indispensable tool.

It's still better than stocks, which close every day.

I think it's certainly one of the most important things. Another is to find a properly regulated broker, I think.

I think how easy it is depends on the trader's knowledge. Good trading conditions are very important, but if one doesn't know how to use them, it is not going to be easy.

Considering the health crisis the Singaporean regulatory body Singapore’s Monetary Authority (MAS) has issued a a conditional registration relief for some cryptocurrency exchanges, which allows them to operate without a license. This is a similar act as the FCA decision to request all ts listed companies suspend the publication of preliminary financial reports by two weeks at least. MAS allowed over 400 cryptocurrency exchanges to work without a license, which means that they are are exempt from registering under the Singapore Payment Services Act (PSA). They are supposed to get a license by July 28th but due to the pandemic that date remains unfixed. Among the listed cryptoexchanges operating like this are Binance, Ripple, CoinBase, and Paxos. Source Hopefully this won't lead to any negative consequences, like a rise in scams, for example.

I think that a lot of newbie traders don't really fully grasp the difference yet.