Futures–brand Benefits of Trading in Futures

Futures–brand Benefits of Trading in Futures

A career in financial products trading is highly lucrative.

There are many people all over the world who are already involved in this industry. Many only know about forex trading, whereas there are numerous assets and contracts one can trade. A trader in Singapore is open to invest in stocks, commodities, options and futures among others.

In this article, we will focus on futures. The benefits of trading in futures in the financial markets.

What are futures?
Futures, as the name suggests are contracts underpinned on a particular financial asset, for example a stock, that will be delivered at a future date for an agreed price.

Two traders A and B are interested in a particular stock or commodity. A already has it in their possession while B believes he could make a profit in the future if the price goes down or up. They therefore agree that A will sell his assets to B at a particular price in the future.

If on the agreed date, the stock price is below the agreed price, B will have to hold the stock for a while to make a profit while A will make his profit depending on the price that he had bought his asset at.
How do you trade futures?
To trade futures in Singapore, one has to access the financial markets through a broker.

One of the most reputable brokers in Singapore is Saxo bank group. Saxo’s trading platforms have been used and trusted by Singapore traders for decades.

With their platforms, you have access to the forex market and can enter into futures contracts with other traders around the world.

Benefits of trading futures
Easy to trade
Like with every other financial market trading, all you need is access to the market through a reputable broker like Saxo.

Further, you need to invest in the right kind of education to make sure that every trade you make is well thought out and likely to make you a profit.

With a click of a button, you can easily enter into a futures contract and look forward to high profits.

Leverage
In forex trading, traders are able to capture a larger portion of the market than they capital they have allows. This is due to a strategy known as leverage.

Here, your trading broker allows lends you money to allow you to buy more than you can currently buy. After you have completed your trade profitably, you can return the brokers money.

This enables a futures trader to hold more assets which can result in higher profits and better deals when getting into contracts.
Use of margins
When trading futures, you do not have to buy the asset at once. You will pay a small amount of consideration as you enter into the contract. This amount you pay is known as margin. This allows you to buy an asset even when you do not have the full amount.

Since futures are guaranteed, you will get full ownership of the asset in the future at a previously agreed price. If the trade is favorable, you can get into a profitable position immediately.

High liquidity in the futures market
Unlike in other financial markets, there are high volumes of futures contracts traded every day. Thus, high liquidity levels. There is a high demand for futures in the market, which translates into more orders and many buyers in the market.

This also means that, there the prices are reasonable, and thus it is much easier to recoup your investments and make a reasonable profit.

Easier risk management
Trading futures is a good strategy to manage the risks of loss that traders are exposed to in the market.

Conclusion
Traders in Singapore can buy into the futures market to discover even more benefits. Saxo bank group has been in existence for decades and is well placed to advise their clients and to offer the best platforms to make profitable trades.

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2020: The best cryptocurrencies to invest in

2020: The best cryptocurrencies to invest in

2020 has been quite a year unto itself so far. The COVID-19 pandemic has ravaged entire countries and forced millions into a state of lockdown.

Even now as countries struggle to reopen their economies, the specter of COVID-19 still looms on the horizon. Australian, Japan and Hong Kong are amongst the latest countries that have been forced to reintroduce lockdown measures to prevent the spread of COVID-19.

With consumption plummeting to record lows, it would appear that a global recession is unavoidable. Despite the best efforts of governments to introduce stimulus packages, things are still looking rather bleak.

In the wake of all this, Bitcoin and an assortment of other cryptocurrencies have defied all expectations. Bitcoin or BTC in particular has enjoyed an excellent performance with valuations breaking the $10,000 mark for the first time since 2018.

Furthermore, the appreciation of Bitcoin post-halving has significantly boosted investor confidence. All of which has contributed to the bull-ish outlook for Bitcoin in 2020.

With so much uncertainty in the economy today, investors are searching for safe haven investments to hedge the value of their assets. Cryptocurrencies being fairly unaffected by geopolitical or international tension have long been used by institutional investors as a form of hedging.

So, if you ever were looking to invest in cryptocurrencies, 2020 could potentially be the ideal time to get started. We take a look at the factors to consider when investing in cryptocurrencies and the best ones to invest in.
Factors to consider when investing in cryptocurrencies
Prior to 2020, the market for cryptos has been facing a downward trend, with some even going so far as to call it the end of cryptos. Fortunately for crypto enthusiasts the market has strengthened in the wake of the Bitcoin halving.

Before getting started however, here’s what you should keep in mind:

1. Crypto is volatile
The crypto market is a volatile one and not for the faint-hearted. Valuations are liable to change with little notice which can cause massive profit or loss. When investing, always keep an eye on market prices and stay-up to date.

2. Diversification is key
Just like how you should never keep all of your assets in one basket, never invest your entire portfolio into a single cryptocurrency. Spread out your risk by having a mixed basket of volatile and stable cryptos at all times.

This allows you to minimize your risk exposure and protects you from getting wiped out in one fell-swoop.

3. Always do your homework
Forget what all the investment gurus and financial masters are saying. Investment is all about research and hard data. You would do your research before betting on Kentucky Derby, like searching for the odds on trustworthy websites like TwinSpires.

So, you should do the same about cryptocurrencies: research, stay on top and never buy into trends.

The best cryptocurrencies for investment in 2020
Being in the know is key when investing in cryptocurrencies. Unless you’re on the cutting-edge of the crypto market, it’s best to stick to the fundamentals. The wild days of huge price fluctuations are long gone, but the crypto market is still a volatile one.

Here are our selections of the best cryptocurrencies to invest in:

1. Bitcoin
Bitcoin undoubtedly one of the most resilient and widely accepted forms of cryptocurrencies to date. Favored by mainstream investors and accepted as a form of payment with an increasing number of retailers, Bitcoin is definitely a good investment.

With a positive outlook for 2020 and with some referring to it as digital gold, it is fair to expect Bitcoin prices to appreciate further with time.

2. Ethereum
Hot on the heels of Bitcoin, Ethereum is the native currency of the Ether network. The second most popular form of cryptocurrency after Bitcoin, Ethereum definitely had a disappointing 2019 performance.

However, 2020 could possibly be the year for Ethereum to outperform Bitcoin. Deriving its value from its use in digital smart contracts, a rising demand for blockchain and its functions could see Ethereum appreciating in value.

3. EOS
Comparable to Ethereum, EOS is the native currency for the EOS.IO blockchain platform. Like Ethereum, EOS is used for smart contract transactions.

EOS differs from Ether in the sense that the platform that EOS is based on boasts the capability to perform millions of transactions seamlessly without any fees.

All of this is extremely exciting and could possibly revolutionize the way blockchain technology works. Thus, making EOS worth a look.

Investing is not without its fair share of risks. When making your investment, always remember to protect yourself and act prudently.


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Trust Management Companies Should Not Predict the Future But Shape It

Trust Management Companies Should Not Predict the Future But Shape It

The domestic trust companies in the United States administer assets worth over $120 trillion. Independent trust companies, on the other hand, administer assets worth $18 trillion and each of these independent trust companies administers assets worth $1.5 billion on average.

Trust management companies hold some of the biggest funds in the world which gives them the power to sway the traditional financial industry towards an uncharted path. However, they should not predict the future and rather should aim to lead the industry as a futurist with a plan to shape the future.

The key to the Future
The global financial industry has been very competitive since its inception. Innovation & technology are the keys that have helped many companies lead in the age of financial revolution. It helped many new-age financial services companies stay competitive and shape the future of the global finance industry. On the other hand, trust management companies have remained a bit traditional in their approach. The old-age tactics may have worked in the past but surely won’t be much effective in the future. Now is the time when trust management companies should start doing things differently.

Today, more and more companies are using their business data and coming up with strategic plans where they predict future outcomes and mention how the company will prepare for it. However, companies must keep in mind that the industries worldwide are changing at a very rapid pace and their strategic planning won’t be much effective when the time of action comes. The situation is not much different for trust companies. They must prepare to tackle it through futuristic planning that will help them stay ahead and lead in shaping the future of the investment management industry as a whole.

Are Trust Companies Adopting the New-age Technologies & Investments Options?
Wealthy elites and corporations have been helped by the trust companies for pretty long. The trust companies have helped influential families preserve their wealth for the very long term. Advisors still suggest that trust companies form the key part of the strategy to remain rich for a very long long time. Hence, the rich people will keep availing of the services of the trust companies, as they should. Therefore, the industry is bound to grow even in the future. The question is, are the trust companies prepared for the long run.

The trust companies should incorporate new technologies and investment options in their offerings. It helps them set off a new trend which effectively helps them create a space of their own in the competitive global investment industry. An approach like this helps them tackle the future challenges that lay ahead of them.

There are just a handful of trust companies that have incorporated new technologies and new-age high-tech investment instruments on their offerings. Investment offerings like binary options and cryptocurrencies are still a rarity in the trust management space. However, there are some global trust companies that took a different path like Nexus Management and a few others that started offering such investment options to their clients. These trust companies started offering the new-age investment options to their private clients considering a high-demand for such services.

Is Industry Ready for What is Coming Ahead?
The global investment space is seeing lots of new technologies that could disrupt the whole industry and the traditional trust companies will get affected by it the most if they don’t do anything about it. To prepare for such an onslaught the trust companies must be the first among the financial industry to adopt the new financial technologies and also lead in creating such path-breaking financial technologies. This is exactly what shapes the future means and it’s not an option but a necessity to be prepared for what’s soon to come.

Artificial intelligence, Blockchain, and machine learning are expected to revolutionize the financial world. Trust companies must not fear these technologies and instead, they must prove to be an example to adopt these technologies to serve their clients in a better manner.

Will Predictions Alone Work For Trust Companies?
There are many predictions doing rounds on the corners of the web that depict how the new-age technologies will impact the trust companies and financial industry as a whole. However, trust companies must not get involved in such exercises, and instead, they should take their future in their own hands. They must be the ones who will write their future and take matters in their own hands. Trust companies should be proactive in these circumstances and adopt such technologies, rather than keep discussing its impact.

With increased exposure to digital technologies, trust companies will face new risks and challenges ahead. Some of the key challenges that the trust companies will face are likely to arise from the use of third-party applications, complex and continuously evolving technologies, cross-border data exchanges, an increase in the adoption of mobile technologies among the customers, and the internet of things.

The Verdict
The trust companies won’t be able to prepare for such challenges if they only rely on predictions and don’t take part in innovations that will shape the future. The verdict is clear that there’s no better way for the trust companies to be prepared for what is to come other than to take the lead in shaping the future of the industry.

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Deribit Crosses $1 Billion in Bitcoin Options Open Interest Historic High

Deribit Crosses $1 Billion in Bitcoin Options Open Interest Historic High

Crypto derivatives exchange Deribit, has seen a significant spike in the volume of open positions of Bitcoin on its platform. The exchange reached a new high of $1 billion on May 19, according to data from research and analytics company, Skew.

The latest creation is due to a combination of many variables, such as a large number of stakeholders, as per Deribit ‘s chief enforcement officer Luuk Strijiers:

“The current track is influenced by market optimism, an increasing number of wide and varied international players on Deribit and the efforts made by our multiple stakeholders and us to provide the maximum financial performance, credibility and connectivity and trading alternatives at all moments to a top-quality market.”

Deribit has seen a year-over-year growth trading options of 270 percent in 2020 alone. Last week the average volume of trading also approached $100 million, setting a new high for the last two months. The volume of daily trading also increased by 170 percent in 2020.

Deribit presently has derivative Bitcoin and Ether futures, worth more than $1.3 billion. Bitcoin options represent 74 percent of the total.

Deribit declared its intention, later in January, to transfer its base from Amsterdam. The firm said that it was compelled to do so because the Netherlands intended to introduce new EU rules which will have an impact on the business.

Growth and Trading Target
Open-interest growth is driven mainly by options that expire next month. More than 40,000 contracts that expire on June 26, 2020, are open as of Wednesday.

Options are often more complex than futures contracts since their price depends on some factors such as volatility, expiry time, risk-free interest rate, etc. Further, as expiry nears, options begin to lose appeal.

Futures contract pricing is much easier to understand. As a consequence, futures are much more widely known unlike options, and generally see the higher open interest. In the case of Deribit though, the activity of options is much higher.

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Bitcoin Witnesses Mild Selloff Following a Decade-Old Address’ Transaction

Bitcoin Witnesses Mild Selloff Following a Decade-Old Address’ Transaction

The cryptocurrency community was thrown into a frenzy yesterday after an unusual 50 BTC transaction was carried out by a Satoshi-era wallet which was assumed to be dormant for over a decade. Initially, many believed that this transaction was from the elusive Satoshi Nakamoto, however, subsequent data proved otherwise. The data suggests that it was from an early Bitcoin miner or adopter.

What’s interesting to note is that the last time a transaction was made from this era of holders, Bitcoin recorded a 28% jump days later.

Satoshi is believed to own about 1 million BTC. The prospect of him/them selling this holding (in whole or part) could trigger the worst selloff in Bitcoin history and cause serious damage to the crypto industry as a whole.

Yesterday’s event triggered a sharp decline in Bitcoin which caused the crypto to shed about $500 in just an hour. This ‘mini’ selloff is believed to be an overreaction to the news, which means that Bitcoin could be in the process of seeing a steep recovery in the coming hours. Also, considering past occurrences with Satoshi-era transactions, Bitcoin is very likely to witness a massive bull run soon.

BTCUSD -Daily Chart

Bitcoin (BTC) Value Forecast — May 21

BTC/USD Major Bias: Bullish

Supply Levels: $9,500, $9,800, and $10,000

Demand Levels: $9,200, $9,000, and $8,800

The sharp decline seen yesterday—induced by the event documented in this article—has put Bitcoin in a precarious zone (below the $9,500 pivot level). BTC is trading at the $9,300 – 400 level at press time and needs to recover above the $9,550 level soon to regain its bullish momentum. Failure to recover above this line, and soon, could send BTC down to subsequent support levels.

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

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Bitcoin Witnesses Post-Halving Surge in Average Transaction Fee

Bitcoin Witnesses Post-Halving Surge in Average Transaction Fee

According to new data from Bitinfocharts, the Bitcoin network has recorded a significant spike in average transaction fees following the recent halving. On the 14th of May, the average Bitcoin transaction fees spiked by more than 55% in a single day, recording an 11-month high of $5.1. Although it quickly dropped to about $3.5 two days later, it seems to have settled at $4.

Reports show that Bitcoin’s average transaction fee at the start of the year was $0.28. Hitting the $4 mark means that the transaction fee has surged as much as 1300% in just 5 months.

Although Bitcoin transaction cost has rallied significantly, the Bitcoin community has not been dissuaded—in the slightest bit—from using the cryptocurrency.

Mati Greenspan, the founder of Quantum Economics, explained that although the average Bitcoin transaction fee has surged, it is still significantly cheaper than bank or PayPal transfers.

Bitcoin transaction fees are expected to remain significantly lower compared to bank transfers considering that Bitcoin has a fixed fee regardless of transaction sizing unlike PayPal or banks which charge in percentage. For example, a $20,000 PayPal transfer will likely cost $780 while that same worth of Bitcoin transfer will still cost $4.

Historically, Bitcoin’s fees increase every time the network begins to experience heavy usage. This only means that Bitcoin is recording a heavy influx of users which is very beneficial for its value.

BTCUSD – Daily Chart

Bitcoin (BTC) Value Forecast — May 20

BTC/USD Major Bias: Bullish

Supply Levels: $10,000, $10,550, and $11,500

Demand Levels: $9,200, $9,000, and $8,500

Bitcoin—against all odds—continues to maintain a sideways momentum. We’re faced with yet contracting-channel dead-end. Yesterday, BTC recorded a high of $9,900 before dropping close to the $9,500 pivot once again. We are likely to see this range-bound momentum persist for a while before we could see a break towards the $10,550 resistance.

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

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Recent Statement By Fed Chair “Vindicates” Bitcoin Loyalists

Recent Statement By Fed Chair “Vindicates” Bitcoin Loyalists

Bitcoin is going through its very first global economic crisis and it is doing exceptionally well.

The Coronavirus pandemic has forced governments and apex banks around the world to take extreme measures in cushioning the effects of the prevailing crisis on the global economy. It is recorded that over $8 trillion has been spent in combating the economic impacts of the pandemic, most of which were as a result of “money printing” by central banks across the globe. Such undertakings have made mass inflation amongst fiat currencies an inevitable future occurrence.

Recently, the Fed Chair, Jerome Powell, made some comments that have further laid credence to Bitcoin’s immense value. In an interview with 60 Minutes, Powell made mention of how the central bank has been injecting money into the markets to curb a “full-blown” recession. He added that the bank also prints money “digitally” when needed and will continue to do so for as long as necessary.

These assertions caused an uproar in the cryptocurrency space with many claiming that Bitcoin’s value as a deflationary and completely decentralized currency has been vindicated.

With the Fed’s continuous intervention in the markets, Bitcoin will likely continue to grow in value and adoption.

BTCUSD – Daily Chart

Bitcoin (BTC) Value Forecast — May 19

BTC/USD Major Bias: Bullish

Supply Levels: $10,000, $10,550, and $11,500

Demand Levels: $9,200, $9,000, and $8,500

As anticipated, Bitcoin has seen a slight retrace towards the $9500 – $9,450 level and has now resumed on an upward rally. Almost all technical indicators are in favor of a bullish move for Bitcoin in the coming days. However, Bitcoin seems to be taking too long in fulfilling its long-awaited bull run “prophecy.” Traders continue to watch the price of BTC above the new pivot level; $9,500.

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How the Bitcoin Network is Faring One Week After the Halving

How the Bitcoin Network is Faring One Week After the Halving

As the post-halving tension eases, there appears to be a lot of changes in the Bitcoin mining dynamics which has subsequently affected the rest of the industry.

Talks about a previously unknown China-based mining pool dominating the mining sector have been making rounds lately. Lubian has popped up—seemingly out of nowhere—and is now ranked as the seventh-largest mining pool in what is known as a highly competitive industry.

Data reveals that this pool is responsible for processing about 6% of all Bitcoin blocks. What is quite remarkable is how this pool managed to achieve such a feat in just a short while. It is believed that Lubian might have come across mining equipment which could still be unknown to other mining houses.

Also, as a result of the slash in block rewards, many miners—especially small-scale miners— have found the business unprofitable and have been forced to shut down their rigs. This has led to a heavier concentration of miners, which in turn has caused more congestion on the Bitcoin network. Ultimately, all these have caused the transaction fees associated with Bitcoin to surge.

What is playing out now is that power has gotten condensed into the hands of those with enough resources to compete at the apex level. This gives more ammo to critics who claim that Bitcoin is a centralized network.

BTCUSD – Daily Chart

Bitcoin (BTC) Value Forecast — May 18

BTC/USD Major Bias: Bullish

Supply Levels: $10,000, $10,550, and $11,500

Demand Levels: $9,200, $9,000, and $8,500

As Bitcoin prepares to take the $10,500 level and higher, a bullish confirmation pattern has emerged yet again on the weekly timeframe. BTC appears to be on the verge of breaking a 2-year long trendline. This pattern gives credence to the bullish momentum that has been building for weeks now.

BTC could likely witness a slight retrace from this level and touch the trendline before continuing on an upwards surge.

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Robert Kyosaki Makes Bitcoin Prediction

Robert Kyosaki Makes Bitcoin Prediction

Over the weekend, famous author, Robert Kyosaki, made a tweet that was hard to miss. The financial educator—best known for his book “Rich Dad Poor Dad”— is an ardent Bitcoin supporter and has been promoting the cryptocurrency for a while now.

Kyosaki tweeted yesterday that with the global economy in crisis, he’s becoming especially bullish for Bitcoin, gold, and silver. The personal-finance expert predicts that Bitcoin will be valued at $75,000 within the next 3 years and that the value of gold and silver could double in the nearest future.

Kyosaki believes that the actions of central banks across the globe to prop-up the global economy—by injecting “fake money” into it—sets the economy on a path towards certain collapse. He specifically cited zero/negative interest rates and government stimulus programs as triggers for this collapse.

Robert Kiyosaki claims that these macroeconomic trends will cause investors to flock to better “store of value” assets like Bitcoin to secure their long-term investment interests.

BTCUSD – Daily Chart

Bitcoin (BTC) Value Forecast — May 17

BTC/USD Major Bias: Bullish

Supply Levels: $10,000, $10,550, and $11,500

Demand Levels: $9,200, $9,000, and $8,500

Bitcoin continues to show great strength above the $9,200 pivot level giving it more fuel to rally to the upside. Maintaining well above the 100-day moving average, BTC has spent a good amount of time struggling to break the 5-digit hurdle. However, it seems poised, now more than ever, to snap that resistance as it has run out of wiggle room in its prevailing upwards as well as downwards trend lines. At this point, a sharp price move is bound to happen soon, what is uncertain is the direction this surge could go in.

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Bitcoin Torn Between Pro-Analysts’ Projection and Building “Sell Wall”

Bitcoin Torn Between Pro-Analysts’ Projection and Building “Sell Wall”

Bitcoin remains in the struggle to completely break above the $10,000 mark. The cryptocurrency reached the 5-digit mark for the second time this week yesterday but failed to break it. However, analysts are becoming increasingly optimistic that the $10,000 mark will soon become history for Bitcoin.

According to the trader who correctly predicted the $3,200 BTC drop of 2018, Bitcoin is on the precipice of rallying past the 5-digit hurdle. He believes that bitcoin has “smashed passed” a key technical resistance which makes an $11,500 BTC price by July very possible.

While the technical bias looks to be in the favor of bulls, a “Sell Wall” has been observed by some crypto analysts to be forming at the key 5-digit level. This could be very damaging for Bitcoin in the short-term. Sell walls are notorious for causing several massive bear runs in the past.

The analysts reported that according to market data from yesterday, there is 2,461 BTC worth of sell orders at the 10k resistance on Binance and 500 BTC worth of sell orders at the same level on Bitstamp. Also, there are several hundreds of BTC sell orders ranging from $10,000 to $10,400 on other exchanges. It is determined that the mounting sell wall is now at $30 million.

BTCUSD – Daily Chart

Bitcoin (BTC) Value Forecast — May 15

BTC/USD Major Bias: Bullish

Supply Levels: $10,000, $10,550, and $11,500

Demand Levels: $9,000, $8,500, and $8,000

A crucial bullish trend line has been forming for some days now with support around $9,200 on the hourly chart. As long as BTC continues trading above this line and the hourly 100-day moving average, breaking the 5-digit hurdle should be a walk in the park. Failure to stay above these levels could spell the opposite. However, it is believed that BTC is in a slight reversal at the moment, so a quick retrace towards the $9,200 area could be seen soon.

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

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