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How to get started in Forex - A comprehensive guide for newbies

Almost every day people come to this subreddit asking the same basic questions over and over again. I've put this guide together to point you in the right direction and help you get started on your forex journey.

A quick background on me before you ask: My name is Bob, I'm based out of western Canada. I started my forex journey back in January 2018 and am still learning. However I am trading live, not on demo accounts. I also code my own EA's. I not certified, licensed, insured, or even remotely qualified as a professional in the finance industry. Nothing I say constitutes financial advice. Take what I'm saying with a grain of salt, but everything I've outlined below is a synopsis of some tough lessons I've learned over the last year of being in this business.

LET'S GET SOME UNPLEASANTNESS OUT OF THE WAY

I'm going to call you stupid. I'm also going to call you dumb. I'm going to call you many other things. I do this because odds are, you are stupid, foolish,and just asking to have your money taken away. Welcome to the 95% of retail traders. Perhaps uneducated or uninformed are better phrases, but I've never been a big proponent of being politically correct.

Want to get out of the 95% and join the 5% of us who actually make money doing this? Put your grown up pants on, buck up, and don't give me any of this pc "This is hurting my feelings so I'm not going to listen to you" bullshit that the world has been moving towards.

Let's rip the bandage off quickly on this point - the world does not give a fuck about you. At one point maybe it did, it was this amazing vision nicknamed the American Dream. It died an agonizing, horrible death at the hand of capitalists and entrepreneurs. The world today revolves around money. Your money, my money, everybody's money. People want to take your money to add it to theirs. They don't give a fuck if it forces you out on the street and your family has to live in cardboard box. The world just stopped caring in general. It sucks, but it's the way the world works now. Welcome to the new world order. It's called Capitalism.

And here comes the next hard truth that you will need to accept - Forex is a cruel bitch of a mistress. She will hurt you. She will torment you. She will give you nightmares. She will keep you awake at night. And then she will tease you with a glimmer of hope to lure you into a false sense of security before she then guts you like a fish and shows you what your insides look like. This statement applies to all trading markets - they are cruel, ruthless, and not for the weak minded.

The sooner you accept these truths, the sooner you will become profitable. Don't accept it? That's fine. Don't bother reading any further. If I've offended you I don't give a fuck. You can run back home and hide under your bed. The world doesn't care and neither do I.

For what it's worth - I am not normally an major condescending asshole like the above paragraphs would suggest. In fact, if you look through my posts on this subreddit you will see I am actually quite helpful most of the time to many people who come here. But I need you to really understand that Forex is not for most people. It will make you cry. And if the markets themselves don't do it, the people in the markets will.

LESSON 1 - LEARN THE BASICS

Save yourself and everybody here a bunch of time - learn the basics of forex. You can learn the basics for free - BabyPips has one of the best free courses online which explains what exactly forex is, how it works, different strategies and methods of how to approach trading, and many other amazing topics.

You can access the BabyPips course by clicking this link: https://www.babypips.com/learn/forex

Do EVERY course in the School of Pipsology. It's free, it's comprehensive, and it will save you from a lot of trouble. It also has the added benefit of preventing you from looking foolish and uneducated when you come here asking for help if you already know this stuff.

If you still have questions about how forex works, please see the FREE RESOURCES links on the /Forex FAQ which can be found here: https://www.reddit.com/Forex/wiki/index

Quiz Time
Answer these questions truthfully to yourself:

-What is the difference between a market order, a stop order, and a limit order?
-How do you draw a support/resistance line? (Demonstrate it to yourself)
-What is the difference between MACD, RSI, and Stochastic indicators?
-What is fundamental analysis and how does it differ from technical analysis and price action trading?
-True or False: It's better to have a broker who gives you 500:1 margin instead of 50:1 margin. Be able to justify your reasoning.

If you don't know to answer to any of these questions, then you aren't ready to move on. Go back to the School of Pipsology linked above and do it all again.

If you can answer these questions without having to refer to any kind of reference then congratulations, you are ready to move past being a forex newbie and are ready to dive into the wonderful world of currency trading! Move onto Lesson 2 below.

LESSON 2 - RANDOM STRANGERS ARE NOT GOING TO HELP YOU GET RICH IN FOREX

This may come as a bit of a shock to you, but that random stranger on instagram who is posting about how he is killing it on forex is not trying to insprire you to greatness. He's also not trying to help you. He's also not trying to teach you how to attain financial freedom.

99.99999% of people posting about wanting to help you become rich in forex are LYING TO YOU.

Why would such nice, polite people do such a thing? Because THEY ARE TRYING TO PROFIT FROM YOUR STUPIDITY.

Plain and simple. Here's just a few ways these "experts" and "gurus" profit from you:


These are just a few examples. The reality is that very few people make it big in forex or any kind of trading. If somebody is trying to sell you the dream, they are essentially a magician - making you look the other way while they snatch your wallet and clean you out.

Additionally, on the topic of fund managers - legitimate fund managers will be certified, licensed, and insured. Ask them for proof of those 3 things. What they typically look like are:

If you are talking to a fund manager and they are insisting they have all of these, get a copy of their verification documents and lookup their licenses on the directories of the issuers to verify they are valid. If they are, then at least you are talking to somebody who seems to have their shit together and is doing investment management and trading as a professional and you are at least partially protected when the shit hits the fan.


LESSON 3 - UNDERSTAND YOUR RISK

Many people jump into Forex, drop $2000 into a broker account and start trading 1 lot orders because they signed up with a broker thinking they will get rich because they were given 500:1 margin and can risk it all on each trade. Worst-case scenario you lose your account, best case scenario you become a millionaire very quickly. Seems like a pretty good gamble right? You are dead wrong.

As a new trader, you should never risk more than 1% of your account balance on a trade. If you have some experience and are confident and doing well, then it's perfectly natural to risk 2-3% of your account per trade. Anybody who risks more than 4-5% of their account on a single trade deserves to blow their account. At that point you aren't trading, you are gambling. Don't pretend you are a trader when really you are just putting everything on red and hoping the roulette ball lands in the right spot. It's stupid and reckless and going to screw you very quickly.

Let's do some math here:

You put $2,000 into your trading account.
Risking 1% means you are willing to lose $20 per trade. That means you are going to be trading micro lots, or 0.01 lots most likely ($0.10/pip). At that level you can have a trade stop loss at -200 pips and only lose $20. It's the best starting point for anybody. Additionally, if you SL 20 trades in a row you are only down $200 (or 10% of your account) which isn't that difficult to recover from.
Risking 3% means you are willing to lose $60 per trade. You could do mini lots at this point, which is 0.1 lots (or $1/pip). Let's say you SL on 20 trades in a row. You've just lost $1,200 or 60% of your account. Even veteran traders will go through periods of repeat SL'ing, you are not a special snowflake and are not immune to periods of major drawdown.
Risking 5% means you are willing to lose $100 per trade. SL 20 trades in a row, your account is blown. As Red Foreman would call it - Good job dumbass.

Never risk more than 1% of your account on any trade until you can show that you are either consistently breaking even or making a profit. By consistently, I mean 200 trades minimum. You do 200 trades over a period of time and either break-even or make a profit, then you should be alright to increase your risk.

Unfortunately, this is where many retail traders get greedy and blow it. They will do 10 trades and hit their profit target on 9 of them. They will start seeing huge piles of money in their future and get greedy. They will start taking more risk on their trades than their account can handle.

200 trades of break-even or profitable performance risking 1% per trade. Don't even think about increasing your risk tolerance until you do it. When you get to this point, increase you risk to 2%. Do 1,000 trades at this level and show break-even or profit. If you blow your account, go back down to 1% until you can figure out what the hell you did differently or wrong, fix your strategy, and try again.

Once you clear 1,000 trades at 2%, it's really up to you if you want to increase your risk. I don't recommend it. Even 2% is bordering on gambling to be honest.


LESSON 4 - THE 500 PIP DRAWDOWN RULE

This is a rule I created for myself and it's a great way to help protect your account from blowing.

Sometimes the market goes insane. Like really insane. Insane to the point that your broker can't keep up and they can't hold your orders to the SL and TP levels you specified. They will try, but during a flash crash like we had at the start of January 2019 the rules can sometimes go flying out the window on account of the trading servers being unable to keep up with all the shit that's hitting the fan.

Because of this I live by a rule I call the 500 Pip Drawdown Rule and it's really quite simple - Have enough funds in your account to cover a 500 pip drawdown on your largest open trade. I don't care if you set a SL of -50 pips. During a flash crash that shit sometimes just breaks.

So let's use an example - you open a 0.1 lot short order on USDCAD and set the SL to 50 pips (so you'd only lose $50 if you hit stoploss). An hour later Trump makes some absurd announcement which causes a massive fundamental event on the market. A flash crash happens and over the course of the next few minutes USDCAD spikes up 500 pips, your broker is struggling to keep shit under control and your order slips through the cracks. By the time your broker is able to clear the backlog of orders and activity, your order closes out at 500 pips in the red. You just lost $500 when you intended initially to only risk $50.

It gets kinda scary if you are dealing with whole lot orders. A single order with a 500 pip drawdown is $5,000 gone in an instant. That will decimate many trader accounts.

Remember my statements above about Forex being a cruel bitch of a mistress? I wasn't kidding.

Granted - the above scenario is very rare to actually happen. But glitches to happen from time to time. Broker servers go offline. Weird shit happens which sets off a fundamental shift. Lots of stuff can break your account very quickly if you aren't using proper risk management.


LESSON 5 - UNDERSTAND DIFFERENT TRADING METHODOLOGIES

Generally speaking, there are 3 trading methodologies that traders employ. It's important to figure out what method you intend to use before asking for help. Each has their pros and cons, and you can combine them in a somewhat hybrid methodology but that introduces challenges as well.

In a nutshell:

Now you may be thinking that you want to be a a price action trader - you should still learn the principles and concepts behind TA and FA. Same if you are planning to be a technical trader - you should learn about price action and fundamental analysis. More knowledge is better, always.

With regards to technical analysis, you need to really understand what the different indicators are tell you. It's very easy to misinterpret what an indicator is telling you, which causes you to make a bad trade and lose money. It's also important to understand that every indicator can be tuned to your personal preferences.

You might find, for example, that using Bollinger Bands with the normal 20 period SMA close, 2 standard deviation is not effective for how you look at the chart, but changing that to say a 20 period EMA average price, 1 standard deviation bollinger band indicator could give you significantly more insight.


LESSON 6 - TIMEFRAMES MATTER

Understanding the differences in which timeframes you trade on will make or break your chosen strategy. Some strategies work really well on Daily timeframes (i.e. Ichimoku) but they fall flat on their face if you use them on 1H timeframes, for example.

There is no right or wrong answer on what timeframe is best to trade on. Generally speaking however, there are 2 things to consider:


If you are a total newbie to forex, I suggest you don't trade on anything shorter than the 1H timeframe when you are first learning. Trading on higher timeframes tends to be much more forgiving and profitable per trade. Scalping is a delicate art and requires finesse and can be very challenging when you are first starting out.


LESSON 7 - AUTOBOTS...ROLL OUT!

Yeah...I'm a geek and grew up with the Transformers franchise decades before Michael Bay came along. Deal with it.

Forex bots are called EA's (Expert Advisors). They can be wonderous and devastating at the same time. /Forex is not really the best place to get help with them. That is what /algotrading is useful for. However some of us that lurk on /Forex code EA's and will try to assist when we can.

Anybody can learn to code an EA. But just like how 95% of retail traders fail, I would estimate the same is true for forex bots. Either the strategy doesn't work, the code is buggy, or many other reasons can cause EA's to fail. Because EA's can often times run up hundreds of orders in a very quick period of time, it's critical that you test them repeatedly before letting them lose on a live trading account so they don't blow your account to pieces. You have been warned.

If you want to learn how to code an EA, I suggest you start with MQL. It's a programming language which can be directly interpretted by Meta Trader. The Meta Trader terminal client even gives you a built in IDE for coding EA's in MQL. The downside is it can be buggy and glitchy and caused many frustrating hours of work to figure out what is wrong.

If you don't want to learn MQL, you can code an EA up in just about any programming language. Python is really popular for forex bots for some reason. But that doesn't mean you couldn't do it in something like C++ or Java or hell even something more unusual like JQuery if you really wanted.

I'm not going to get into the finer details of how to code EA's, there are some amazing guides out there. Just be careful with them. They can be your best friend and at the same time also your worst enemy when it comes to forex.

One final note on EA's - don't buy them. Ever. Let me put this into perspective - I create an EA which is literally producing money for me automatically 24/5. If it really is a good EA which is profitable, there is no way in hell I'm selling it. I'm keeping it to myself to make a fortune off of. EA's that are for sale will not work, will blow your account, and the developer who coded it will tell you that's too darn bad but no refunds. Don't ever buy an EA from anybody.

LESSON 8 - BRING ON THE HATERS

You are going to find that this subreddit is frequented by trolls. Some of them will get really nasty. Some of them will threaten you. Some of them will just make you miserable. It's the price you pay for admission to the /Forex club.

If you can't handle it, then I suggest you don't post here. Find a more newbie-friendly site. It sucks, but it's reality.

We often refer to trolls on this subreddit as shitcunts. That's your word of the day. Learn it, love it. Shitcunts.


YOU MADE IT, WELCOME TO FOREX!

If you've made it through all of the above and aren't cringing or getting scared, then welcome aboard the forex train! You will fit in nicely here. Ask your questions and the non-shitcunts of our little corner of reddit will try to help you.

Assuming this post doesn't get nuked and I don't get banned for it, I'll add more lessons to this post over time. Lessons I intend to add in the future:
If there is something else you feel should be included please drop a comment and I'll add it to the above list of pending topics.

Cheers,

Bob



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What Is Forex?

What Is Forex?

A New Era

Although it might seem easy to invest in Forex nowadays, by just logging into an account with a broker, deposit some money and start actively trading; it has not always been like this, as forex industry has rapidly changed in the past three decades.
Before technology and free-floating currencies took over the industry, world currency exchanges were operating under the Bretton Woods System of Money Management. This agreement established rules for commercial and financial relations among top economies, tying their currencies to gold. Hence, a currency note issued by any world government represented a real amount of gold held in a vault by that nation. When in July 1944 delegates from all over the world sign off the pact, the main goal was to reduce lack of cooperation between countries and therefore avoiding currency wars. This process of regulating the foreign exchange brought to the foundation of the international money fund (IMF) and the International Bank of Reconstruction and Development (IBRD), today part of World bank Group.
However, in the early 70s the real-world economics outpaced the system, dollar suffered from severe inflation cutting its value by half. At that time unemployment rate was 6.1% and inflation 5.84%. Finally, in August 1971, U.S. government led by Richard Nixon took away gold standard, creating the first fiat currency and replacing Bretton Woods System with De Facto. Together with this there were other important measures taken by the USA president to combat that high inflation regime:
  1. This decision was driven by many European nations asking to redeem their dollars for gold, till leaving Bretton Woods System. This had an enormous impact on USD which plunged against European currencies. Consequently, USA congress release a report suggesting USD devaluation to protect the currency from foreign gougers. However, dollar dropped again, and Treasury Secretary was directed to suspend the USD convertibility with gold; hence foreign governments could no longer exchange their USD with gold.
  2. The inflation level was skyrocketing and one more action taken by Nixon was to freeze all wages and prices for 90 days, this was the first time since WWII.
  3. Import surcharge of 10% was set up to safeguard American products ensuring no disadvantage in trades.
Today, USD dominates financial markets, accounting together with the EURO, for approximately 50% of all currency exchange transactions in the world.
1971 represents the beginning of a new forex trading era, bringing this market to be the largest and most liquid in the world, with an average of daily trading volume exceeding $5trn. All the world’s combined stock markets don t even come close to this, what does this mean to you?
In an environment which is controlled by free-floating currencies moving constantly, following principles of supply and demand, there are constant and exciting trading opportunities, unavailable when investing in different markets.
In this article are shared main features of what is forex trading today and how can be an incredible new source of income for everyone who is into financial markets.

What Is Forex?

Forex is the acronym for foreign exchange which intends to be a decentralized or over the counter (OTC) marketplace, where currencies from all over the world are traded 24 hours, five days a week. Main financial centres include New York, Chicago, London, Tokyo and Frankfurt for Eurozone. It is by far the largest market in the world in terms of volume, followed by the credit market. Being highly liquid is an important feature that allows traders to be able to enter and exit their positions very quickly. Nevertheless, while trading forex, an investor should be aware of several components:
Dynamicity – forex is an extremely fast environment, this means that currency rates can move very fast, influenced by price action signals and fundamental factors. Therefore, going into forex trading, one needs to be aware of adopting serious risk and money management strategies in order to be effective, limiting losses.
Zero Sum Game – trading forex is not like investing in the stock market but is known to be a zero-sum game. For example, going into the equity market buying some tech shares, they could both rise or decrease in value. In forex is different because currencies work in pairs; for instance, an investor decides Euro will go up he or she is doing it against another currency. Thus, in this specific marketplace one currency will rise while the other will fall, meaning an investor is buying the currency hoping it will appreciate to the other, or selling the one that will depreciate.
See image below:
Figure 1: Main traded currency pairs
https://preview.redd.it/vu77ziuoyle31.png?width=574&format=png&auto=webp&s=9b1693bf27508fcb142705c309de1fc5b3e8fa19
Currency pairs are composed by a base and a price currency. Main forex trading principle is how much price currency an investor can buy using 1 unit of the base, thus, the base currency, which is the first one in line within the quotation, is always equal to 1.
Because like every financial instrument currency pairs are driven by fundamentals of supply and demand, forex is intensively influenced by geopolitical and macroeconomic factors.
Capital Markets – these are the most visible indicators of a country economic health, where usually the healthier the economy the stronger the currency. For example, a rapid sell-off from a country will show that nation is not economically stable, subsequently investors will think negatively of it depreciating its currency.
Moreover, many countries are sector driven, this means that their currencies are strictly correlated with certain resources. For instance, Canada which is a commodity-based market, CAD is strictly linked to price of Brent and metals, a swing in those will affect the Canadian currency.
Finally, credit market is also connected to forex since also relies heavily on interest rate so, a change in bond yield will have major impact on currency prices. like increase in yield will favour bullish market for USD
International Trade – Trade levels serve as a proxy for relative demand of goods from a nation, a country which goods and services that are in high demand internationally, will experience an appreciation to its currency. This is an effect driven by all other countries converting their currencies into the one of that state to purchase its goods and services. Let’s say a product from USA is in high demand globally, all the other countries must sell their currencies to buy dollars to then see their goods shipped, thus USD will appreciate.
Trade surplus and deficit also indicate a nation competitive standing in international trade. Countries with a large trade deficit are usually importers resulting in more of their currencies being sold to buy goods worldwide, thus they will see their currencies devaluate.
Geopolitics – The political landscape of a nation places a major role in the economic outlook for that country and consequently, the perceived value of its own currency. Beside building up price action strategies, based purely on price levels, forex traders constantly look at economic calendars and news to gauge what could move currencies. A geopolitical event which is having a great impact on GBP, is the election of Boris Johnson as UK prime minister, driving the local currency to 2 years low, yesterday 29th of July 2019. Therefore, when investors observe instability from a nation political environment, there are high chances that the currency of that country will depreciate.

Why Trading Forex

Beside swapping from a gold standard to free-floating, which change the whole forex trading game, technology is another crucial factor that helped this financial sector to spread globally. With the introduction of internet in the 90s forex opened to retail investors giving access to various trading platforms. The introduction of online platforms and retail investments have increased forex market volume by 5%, up to $250bn of its daily turnover. Different traders may have different reasons for selecting forex, however, mostly is because this is a fertile market plenty of daily opportunities to gauge price action and profit from it.

Volatility

How traders profit from trading forex? Basics of trading are rather simple to understand. An investor buys an asset at a certain price hoping to get rid of it for a higher price. The more volatile is the market for that specific financial instrument, the more revenue is possible to make. Therefore, a trader is looking for long up and down moves rather than market fluctuating sideways.
Volatility is great in forex and a trader can expect to regularly see prices oscillating 50-100 pips on major currency pairs almost any day of the week. Yet again, due to this enormous constant fluctuation, potential losses or gains can be very high thus, rigours money management must be applied to avoid major damages and become a profitable trader. To conclude, volatility is the main characteristic investors are looking at and that is why it is one of the main feature traders can take advantage.
See image below:

Figure 2: FDAX Volatility, H4 (30th May 2019, 16:00, 30th July 2019, 16:00)

Accessibility & Technology

While volatility is the most important element out in the market that tell us why forex is the best market to trade, accessibility comes straight after. This market is more accessible than all the others, trading forex requires an online desk position and as little as $100 to start off an account.
In comparison with the other financial markets, forex requires a rather low trading capital. Moreover, trading forex can be easily accessible from your PC, tablet or mobile since most of retail broker firms operate online. Although, accessibility cannot tell the quality of the market by itself, it definitely shows a reason why many investors try their first trading experience on forex.
Also, the rapid introduction of technology since the 90s, made trading much easier. There are every year more advanced online platforms to trade on with many possible updates and that is why trading forex is edging for many global investors.

Forex Players

Before the introduction of free-floating currency and more importantly cutting hedge technology, forex was a market that could have been traded only by institutional investors. Nowadays however, even retail and individual investor can take advantage of the huge volume forex offers every day.
Banks
Interbank market is the major responsible for the high volume registered daily in forex. This is the place where banks exchange currency among each other, facilitating forex transactions for customers and speculate for their trading desks.
  • Clients transactions: in this case banks of all size act as dealer for clients, where the bid-ask spread represents the profit for the institutions.
  • Speculation: currencies are traded to profit from their price fluctuations as well as to increase diversification on their portfolio
Because banking institutions are the biggest players in foreign exchange market, they are able to push up and down the price of currencies giving an extreme advantage and higher volatility to individual traders who are trying to gauge price moves.
Central Banks
Central banks representing their nation’s government, are crucial in forex. They oversee monetary and fiscal policies having massive influence on currency rates. A central bank is responsible for fixing the price level of its native currency on the market, in other words they take care of the regime currencies will float in the open market.
  • Floating: these are the currencies which price floats on the open market based on principles of supply and demand relative to other currencies
  • Pegged (fixed exchange rate): opposite to floating currencies pegged ones are not free-floating in the open market however, their government rather tie them to the value of a stronger foreign currency. Pegged currencies are more seen in developing countries (CYN to USD).
Because central banks manage interest rates in order to increase the competitiveness of their native nation to another.
  • Dovish: these policies will be lowering down interest rates. A central bank which applies dovish conditions aims to give economic stimulus and guard against deflation. Usually a policy intended to give economy stimulus will weakening the currency value.
  • Hawkish: on the other hand, hawkish policies lead to an increase in interest rate. A central bank that uses hawkish measures aims to reduce inflation. Typically, this kind of policies will reinforce the country currency value.
Investment Managers & Hedge Funds
Portfolio managers and hedge funds are the second investors in forex after central and investment banks. They are hired by huge institutions such as pension to manage their assets. However while portfolio managers of pool funds will buy currency to speculate on foreign securities, hedge funds execute speculative trades as part of their strategies.
Corporations
Also international corporation play a big role in forex. Those firms operating globally, buying and selling goods and services are involved in forex transactions daily. Imagine an American company producing pipes that imports Japanese components and sell the finished product to China. After the sale is closed the CYN must be converted back to USD, while the American company must exchange USD into JPY to repay for the components supply.
Moreover, company involved in international trade have an interest in forex in order to hedge the risk associated with currencies fluctuations making several foreign exchange transactions. For instance, the same American company might buy JPY at spot rate, or enter a swap agreement to obtain JPY in advance, overtaking the risk of the Japanese currency to rise in the future. Therefore, forex become crucial to run companies with many subsidiaries and suppliers all over the word.
Individual & Retail Investors
Even though this investor cluster brings to forex a very limited volume compared to financial institutions and corporations, it is rapidly growing in numbers and popularity. These base their trades on a mixture of fundamentals and technical analysis.
Bottom line, main reason why forex is the most traded market in the world is because gives everyone, from top financial institutions to retail and individual trades, opportunities to make returns on capital invested from currencies price fluctuations related to global economy.
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100% backed with Cash & Gold assets are actively managed by proved and tested AI risk management platform ARM the most stable Crypto Currency 100% exchangeable for 8 fiat Currencies (Cash) at the Issuer for 0% fee with X8X Tokens PROVEN PROVEN Risk management AI developed over 10 years for traditional FinTech, $1B in transactions since 2015.
SAFE SAFE Non-leveraged reserves in top 8 fiat currencies and gold provide unparalleled safety.
LIQUID LIQUID Fiat currency foundation enables daily volume in billions without affecting the price.
SECURE SECURE Triple-redundant Swiss architecture and gold reserves fully utilise the advantages of the Swiss financial ecosystem.
verified Our business partner verifies that this chart represents the holdings of a live account where all trades were executed by ARM AI. View reference here.
The ARM Portfolio risk management AI, which operates the reserves of the X8 currency, was developed over 10 years. It has been operational since 2015 and has generated a transaction volume of over $1 Billion for clients in the traditional financial industry.
8-Currencies-ARM-AI Fiat in X8 brings vast liquidity which can support speedy large transactions with little to no price impact. That means that X8 can scale globally and provide a sustainable solution as a financial system for more than 3,5bn people.
Together with friendly nature of X8 market operations, all participants in the value chain benefit from this constructive system.
X8 leverages the benefits of the Swiss financial ecosystem. Fiat funds deposited in the Swiss UBS AG, will be insured by SwissRE AG and audited daily by JP Fund Services. A store of gold currency in the safest certified storages outside the banking system serves as additional reserve for X8 currency.
Swiss-setup Road map
Team The team behind the X8 Currency blockchain product.
Gregor is behind some of the main design features of ioNectar platform. Gregor combined natural investment perspective with advanced technology capabilities of today into a winning philosophy match. His accumulated experience comes from working as portfolio manager in institutional environment, advising funds, HNWIs and specialists in foreign exchange and other markets.
GREGOR KOŽELJ CEO / Founder Tomaz with his long-term experience in business is responsible for executing the Sales strategy and tactics. The focus is to drive the business forward in creating stronger relationships, converting more prospects in gaining potential clients, increasing sales, creating operational efficiency, and lastly creating a fun and motivational environment.
TOMAŽ LEPOŠA CSO His experience with entrepreneurship, business organization and sales management has given him a valuable insight into business processes and development. His approach to team management and integration makes business operation a smooth and exciting experience.
ALY KULAUZOVIĆ Business development Rudolf Ströbl is a financial expert and program-developer with over 20 years of experience in various projects involving precious metals, options, equities and digital currencies. He has also developed models and algorithms in the Forex Markets. Currently he is the Managing Director of FX & Project Management GMBH in Switzerland. RUDOLF P. STRÖBL Infrastructure Francesca Greco has been a board member of several Private Equity Funds. Her focus are projects related to energy and telecommunications. She has been following closely the development of cutting-edge technologies of great potential. She is currently part of Green Brain Technologies team, where she is in charge of Government Relations and Regulatory Affairs.
FRANCESCA GRECO Legal Lenart manages and supervises legal aspects of the company's business. With experience at law office, he finds working in the area of finance an opportunity to expand his skills and understanding of legal dimensions of finance.
LENART KMETIČ Communications & Legal support Phil is an expert problem solver with a background in finance and communications. He has been a most welcome addition to the team, especially in terms of strategy and sharpening message clarity. He has more than 20 years of active experience in bringing together businesses from Western, Central and Eastern Europe by means of eliminating cultural differentiation.
PHIL LAWRENCE Communications An IT expert with years of participation in the world of cryptocurrencies. His experience in computer programming and knowledge of IT is a valuable contribution to the company. The products of ioNectar gave him an opportunity to employ his skills in a new and exciting way. He is also responsible for ICO communication.
ALEN OBERSTAR Communications With background in social sciences and focus on collapse of complex systems, he welcomed the opportunity to explore issues of financial stability. His passion for research led him to become one of the main contributors to the company's xfeed. He is also in charge of TGE communication.
DAVID PREŽELJ Communications Urban is a long-time cryptocurrency enthusiast with a passion for ICO/TGE research. With his expertise in developing and leading teams he has developed a strategic plan to achieve the successful launch of the X8 TGE project. His strategic vision has assisted in bringing together the existing talents of the X8 team in a coherent manner.
URBAN ALJANČIČ TGE / ICO project manager Simon is a seasoned computer expert with an extensive range of programing skills in different computer languages. As the CTO of ioNectar he knows the area of the platform client and manages technological releases of the product. He is creativity driven with insight in new products development and is behind different original aspects of the platform.
SIMON HOHLER CTO Ervin is a specialist in IT. He brings together his broad technical proficiency from computer science and manages all main IT administration perspectives of ioNectar. Work in specialized software and electronics product solutions is his passion which he has been following. Through persistent expansion of his ability Ervin proved many times he is an IT authority.
ERVIN MARGUČ CIO A computer programmer proficient in several computer languages. He is involved in developing the key components of the ioNectar technology. He is eager to use his knowledge to build bridges between blokchain technology and the world of traditional finance.
ERGIM RAMADAN IT Sofia is in charge of visual presentations and design strategies at ioNectar. The dedicated and enthusiastic team around her created the right environment for her to express her artistic sensibilities and passion for aesthetics in every aspect of the company's presentations.
SOFIA KULAUZOVIĆ Corporate look & design Advisory Board The team behind the X8 Currency blockchain product.
Peter Kristensen is the CEO of JP Integra LLC US, an international finance service group providing administrative and management services to owners and managers of international private capital. PETER KRISTENSEN Financial specialist Olaf Chalmer is a financial advisor with decades of experience in the banking sector who, among other things, offers guidance to investors in financial sector. Currently he is the president of the Swiss Management, Ltd, a consulting company oriented towards clients from Eastern Europe. OLAF CHALMER B2B placement A progressive investment professional with more than 2 decades of experience in top level banks. Mikkel is advising globally on interest rate and FX risk and manages alpha driven G10 portfolios. He is running independent trading & advisory business, is also a specialist in market making and sits on several investment management boards. MIKKEL THORUP Foreign exchange field Marcus von Goetz is a seasoned bondspecialist and trader. During his career he held key bondstrading positions at several prominent financial institutions. He is also a financial advisor for larger market participants. Currently his expertise is available to institutional clients and venture capital entrepreneurs through VG&S Business Development. MARCUS VON GOETZ Business development With a background in finance and an enthusiasm for blockchain technology attorney Peter Merc PhD is the ideal legal consultant for TGEs. He is a member of the supervisory board of Slovenian systemic bank and cofounder of Lemur Legal, a legal company promoting digital transformation. He helps transform TGEs in legally compliant enterprises. PETER MERC, PH.D. Legal advice Simon Cocking is a seasoned business mentor to TGEs and a senior editor at Irish Tech News. He is also an experienced public speaker at events including TEDx and Web Summit. He is a crypto connoisseur and has to date successfully advised and mentored 18 TGEs. He has also founded six prosperous companies. SIMON COCKING Digital Marketing Branko Drobnak is a former investment banker with more than 25 years of experience in finance and entrepreneurship. This background combined with his enthusiasm for ICO research and investment provides valuable insights to the X8 project. BRANKO DROBNAK Strategic advice
EXCHANGE LIST
Binance
Huobi
Kucoin
Bibox
Qryptos
Satoexchange
BIGone
Bitrue
Bilaxy
Bit-Z
Linkcoin
SECURE WALLET
Ledgerwallet
Trezor
submitted by icoinformation to X8XToken [link] [comments]

A brief introduction to Blackhedge

There has been lot of queries regarding Blackhedge. As one of the founders of Blackhedge I thought it would be proper to put up a brief primer on Blackhedge explaining about ourselves and our services and how you can profit from it before it fully goes functional.Those of you who have not visited our website yet can visit us at www.blackhedge.co .
In short Blackhedge is the world's first Altcoin centric proprietary trading firm.That is simply we trade all fiat asset classes ( forex, stocks, commodities, bonds) and also crypto currencies with company owned shareholder funds and pay dividends to our shareholders in purely BLK .( This is unlike some bitcoin based hedgefunds who only trade bitcoins)We also finance BLK centric crypto projects and promote blackcoin technology.
Most of you by now are probably thinking that we are yet another crypto scam site who will disappear with the money overnight.Most of you might question that is it even legal ??The main issue with most cryptocoiners is trust so far I understand and we are not even asking you to trust us.
We are a proper registered firm managing our company owned funds and also acting as a money manager for three very reputed and regulated brokerage houses. As I said you do not need to trust us to make money from us :-). All you have to do is open an account with one of the brokers we are affiliated under and copy our trades in our account. So you do not have to pay money to us directly. You have full control of your money and you may withdraw it anytime you like minus our performance fees which varies from 15 -20 % which the broker directly debits from your account in case of a profit. We also accept clients from U.S and Canada.Sounds interesting ?? Read on.
For Non U.S clients
Minimum investment :- 100 USD Minimum top up :- 20 USD Performance fee:- 15 % Withdrawal penalty :- Nil Deposit :- Bank Wire/Credit Card and various e-currencies Broker :- Fxopen ( regulated in New Zealand) To open an account all you have to do is to click the following link and invest under our trade signals https://pamm.fxopen.com/en/Pamm/Blackhedge6
For U.S/Canada based clients Minimum investment :- 500 USD Performance fee :- 20 % Withdrawal penalty :- Nil Deposit Mode :- Bank Wire/Credit Cards Broker:- Tallinex( regulated in St. Vincents and Grenadines) To open an account please click the following link open an account http://www.tallinex.com/open-account?i=127745&s=127745
Also note we are not responsible if the broker does not open your account because of the lack of documents on your part or because of their anti- money laundering policies. We also do not provide tax or financial planning advise to clients availing this service. Need futher help or clarifications you can email us at [email protected]
Also note a major percentage of the performance fees will go towards financing BLK projects and development of the blackcoin eco system.
Further questions you might be pondering upon would be - 1)Is Blackhedge a ponzi scheme ? 2)If it is not a ponzi then is it profitable ? 3)Credentials of the Blackhedge traders ?
1) It cannot be a ponzi scheme because we do not accept any direct money from clients. We manage only our self owned shareholder(member) money .There are no guaranteed quantum of profits.Profits depend upon the performance of our traders.
2) Well you can follow our live trades in twitter at @Blackhedge_ Our trading statistics can be certified and tracked at a reputed third party website http://myfxbook.com/members/blackhedge . Yes we do make money. Need more mind boggling stats ?mail us we will be happy to flood you with more stats.
3)Traders trading our accounts have atleast one international financial certification i.e either a CFA( Certified Financial Analyst) or someone who has cleared all three levels of CMT ( Chartered Market Technician) Program from Market Technicians Association, New York. It is a prerequisite for anyone handling our accounts.We do not guarantee any certain quantum of profits but we do ensure that the trades you follow are done by professional qualified traders.As one of the founders of Blackhedge I have over 10 years of trading experience in the financial markets with both the certifications mentioned.
If one wants to make a more active association with us in the capacity of a shareholder, we are open to private equity placements.Shareholders ofcourse gets their dividend in blackcoins and enjoy superior returns by participating directly in the growth of the company.
Current Status :- Trading is on and interested folks and copy our trades and also contribute to the growth of blackcoin.
Future Plans :- We are working on some other features of our website which will be online soon enough.We are also in the process of developing some pure blackcoin based financial products which I cannot elaborate right now for the sake of confidentiality.
I hope members of this community will support us in this venture and together we can make a great coin i.e Blackcoin the greatest.
Always bet on BLK.
Please share your views with us in this thread/email us at [email protected]/follow us at twitter @Blackhedge_
submitted by mechie24 to blackcoin [link] [comments]

The ONLY Forex Trading Video You Will EVER Need - YouTube online currency trading 365214 BEST STOCK BROKER CANADA 2018 How to make consistent profit from forex trading Forex Trading for Beginners - YouTube MAKE MONEY ONLINE AT HOME TRADING OIL GOLD ETC Markets Review-Markets Legit or Scam 4 Key Fundamentals to Watch in FOREX AvaTrade Forex System Review-AVATrade Review IS FOREX TRADING A SCAM? 🙄 - YouTube

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