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06/02/2024

https://ir.cboe.com/news/news-details/2024/Cboe-Global-Markets-Reports-Trading-Volume-for-January-2024/default.aspx

06/02/2024

https://ir.cboe.com/news/news-details/2024/Cboe-Global-Markets-Reports-Trading-Volume-for-January-2024/default.aspx

Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today reported January monthly trading volume statistics across its global business lines. The data sheet " Cboe Global Markets Monthly Volume RPC/Net Revenue Capture Report " contains an overvie...

29/12/2023

Top Crypto Picks for December 29: Kaspa, Bonk, Sei

Disclaimer: Cryptocurrency investment carries high risk. This article serves informational purposes and does not constitute investment advice. Your use of this website implies acceptance of our terms and conditions. Affiliate links may be employed in our content, enabling us to receive commission.

As the year draws to a close, the cryptocurrency markets exhibit volatility, spurred by substantial option expiries triggering unpredictable buy and sell pressures. Bitcoin options, amounting to approximately $11 billion, expired today, marking an all-time high, adding to the market's flux.

Bitcoin (BTC) is currently trading at around $42,000, observing a 1.5% decrease in the last 24 hours, while Ether (ETH) hovers around $2,300, experiencing a 2.5% drop in the same period, according to CoinMarketCap.

Altcoin performances vary: Solana (SOL) rises by 4.5% to $103s, BNB (BNB) dips by 6.5%, and Cardano (ADA) experiences a 2.5% decline.

The upcoming year is anticipated to be driven by several key factors, including potential spot Bitcoin ETF approvals, Ethereum's Dencun upgrade, Bitcoin's issuance rate halving, Federal Reserve interest rate adjustments, US elections, and progress in major crypto litigations such as the US SEC vs. Ripple and US SEC vs. Binance and Coinbase.

For today's picks as we move into 2024, here are some standout cryptocurrencies:

Kaspa ($KASPA)

$KASPA displays bullish momentum after breaching a downtrend since early December. Currently trading near $0.12, it aims to surpass its 50 and 21DMAs, potentially rallying towards this year's highs around $0.155.

The long-term trend for $KASPA remains bullish, with the 2023 uptrend remaining robust.

Meme Kombat ($MK)

An intriguing project in the web3 domain, Meme Kombat combines crypto gaming and gambling, enabling users to bet on battles between popular meme coin characters. It presents an opportunity for exponential gains, with early investors enjoying staking rewards exceeding 100% annually.

Bonk! ($BONK)

Within the Solana ecosystem, Bonk! ($BONK) recovers after a tough week, currently trading around $0.000015s following a 65% decline. A rebound could see it break its downtrend, potentially aiming for $0.00003.

Sei ($SEI)

The finance-centric blockchain, Sei ($SEI), surges to record highs near $0.60, registering a 27% gain on the day and over 500% growth since October's lows. With a market cap of $1.3 billion, Sei presents potential for substantial gains.

Sponge V2 ($SPONGEV2)

Sponge V2 ($SPONGEV2) emerges as the successor to the popular Spongebob Squarepants-themed $SPONGE token. Token holders can stake their tokens to earn $SPONGEV2 tokens and staking rewards, with minimum APY at 40%. Notably, it powers a new play-to-earn game, promising exciting prospects.

Please exercise caution and conduct thorough research before investing in cryptocurrencies.

24/11/2023

As cryptocurrency inches closer to becoming a focal point in the financial landscape, now is an opportune moment to chart the course for becoming a crypto trader—one with the potential for success. But how does one embark on this journey? This comprehensive guide will delve into the steps required to become a crypto trader, especially one poised for success.

If you've dabbled in trading various financial instruments before, you're already a step ahead. While many standard trading principles apply, the sheer volatility and associated risks in crypto CFD trading demand a tailored approach to strategy and risk management.

What sets a successful crypto trader apart? And, more importantly, how can you position yourself today to become an adept crypto trader? Discover the answers in this guide on navigating the path to becoming a crypto trader.

Understanding the Basics
What is a Crypto Trader?

At its core, defining "what is a crypto trader?" is straightforward—a crypto trader aims to profit from short-term fluctuations in cryptocurrency market prices.

Crypto traders can focus on a single coin and pairing, such as the well-known Bitcoin pairings like BTCUSD or BTCEUR. Alternatively, they might concentrate on multiple major coins and pairings, like Bitcoin and Ethereum paired with USD or EUR.

Terms like 'alts,' referring to alternative cryptocurrencies, often smaller in market capitalization, add another layer to the crypto trading landscape. Some traders exclusively focus on alts, bypassing the main cryptocurrencies altogether. The choice depends on individual preferences, risk tolerance, and overarching goals.

Before diving into the strategies, it's essential to consider two fundamental scenarios when contemplating how to become a crypto trader:

Option 1: Buy and Sell Crypto on the Exchange

This involves purchasing the cryptocurrency directly from a crypto exchange, implying ownership of the underlying asset. While suitable for long-term strategies, it carries risks associated with exchange vulnerabilities, hacking, and fees.

Option 2: Trade Crypto CFDs

The alternative entails trading cryptocurrency CFDs with a regulated broker, ideal for short-term strategies. Crypto CFD traders can use leverage, requiring only a small deposit of the full position value. Despite advantages, CFD trading introduces its own set of risks, necessitating vigilant monitoring of market changes and liquidity considerations.

A prudent approach involves starting with a demo account to test trading ideas and theories in a risk-free environment. Admirals, for instance, offers a free demo account for users to familiarize themselves with crypto CFD trading dynamics.

Assessing Profitability
Is Crypto Trading Profitable?

Trading cryptocurrency CFDs involves risk due to the inherent volatility in this market. However, with a well-crafted trading strategy, such endeavors can be highly profitable. As the saying goes, high risk can yield high rewards.

For those willing to invest time in research, devise a sound strategy, and leverage appropriate tools, success as a crypto CFD trader is plausible.

How Much Do Crypto Traders Make?

Determining the exact earnings of full- or part-time crypto traders is challenging. Many trade to grow their portfolios, reinvesting profits into subsequent moves. While some individuals make crypto trading their primary occupation, reliable salary data for full-time crypto traders remains scarce.

The Fundamentals of Becoming a Crypto Trader
Success as a crypto trader varies for each individual, hinging on personalized goals. Whether it's making profits on short-term trades or capitalizing on downward trends, the common denominator is achieving a profitable return on the risked capital.

Key considerations for aspiring crypto traders include:

Choose the Right Broker:
Selecting a regulated broker is crucial for trading cryptocurrency CFDs. Factors such as security, safety, and regulatory oversight contribute to a well-informed choice.

Choose a Reliable Trading Platform:
A robust trading and charting platform is essential. Platforms like MetaTrader 4, MetaTrader 5, and others provided by Admirals offer access to a variety of cryptocurrency CFDs and other markets.

Choose Your Crypto Trading Strategy:
Trading styles, be it day trading, swing trading, auto trading, or copy trading, require careful consideration. Aligning your chosen style with suitable tools and analysis methods is vital.

Research and Analysis:
Successful traders invest time in thorough research and analysis. Whether leaning towards technical or fundamental analysis, a well-informed decision-making process is foundational.

Risk Management:
Prioritizing risk management is pivotal. Utilizing tools like stop-loss orders and accessing features such as Volatility Protection can safeguard against substantial losses.

Common Traits of Successful Crypto Traders
Regardless of the chosen market or trading style, successful traders share certain traits. These include:

Defined Trading Style:
A clear understanding and adherence to a chosen trading style form the bedrock of consistent decision-making.

Research and Analysis:
Informed decisions result from extensive research and analysis, whether technical or fundamental.

Balanced Life:
A positive, balanced life outside of trading positively influences decision-making within the market.

Risk Management:
A focus on risk relative to reward, incorporating principles like using stop-loss orders, is critical for sustained success.

Risks of Trading Cryptocurrency
Trading cryptocurrencies, especially in CFD form, carries inherent risks:

Volatility:
High volatility in the cryptocurrency market can lead to sudden, drastic price movements based on fear and emotion rather than fundamentals or technical patterns.

Crashes:
Historical incidents, such as the 2018 cryptocurrency market cap drop, highlight the market's vulnerability to crashes driven by various negative factors.

Hacks:
Cryptocurrency exchanges are susceptible to hacking, emphasizing the importance of secure trading practices.

Why Trade Cryptocurrency CFDs with Admirals?
Admirals offers a competitive platform for trading crypto CFDs, boasting advantages like leverage, regulatory compliance, free trading platforms, negative balance protection, and a diverse range of crypto pairs.

In conclusion, venturing into the world of crypto trading demands careful consideration of tools, strategies, and risk management. Whether utilizing a demo account or taking the plunge into live trading, the journey requires a disciplined approach and an unwavering focus on continuous learning. Registering for a demo or live account with Admirals provides an avenue to explore the dynamic and high-volatility realm of crypto CFD trading, always with risk management at the forefront.

25/10/2023

"For what's worth, the top 7 largest tech stocks are currently staring down from a scary double-top technical formation. Either interest rates must decline drastically from current levels or the valuations among these stocks are primed for a meaningful reappraisal," Crescat Capital's Octavio Costa said."

An "extremely bearish" technical pattern, known as a double top, has taken shape on the Magnificent 7 stocks' combined price chart, fueling fears of a selloff.

22/09/2023

MicroAlgo (MLGO) stock has experienced a significant surge, up 67.9% as of 10:15 a.m. ET, following the company's announcement of a new backtracking search algorithm software. The algorithm technology specialist believes this software has broad applications in various fields, sparking investor enthusiasm for its adoption by large businesses and research institutions.

The newly developed backtracking search software begins with one potential solution for a search query and then seeks additional optimal and near-optimal solutions to the problem. MicroAlgo anticipates substantial potential for further development and utilization of this knowledge-enhanced search software across industries, offering optimization opportunities for enterprises.

MicroAlgo was separated from China-based augmented-reality firm WiMi Hologram Cloud and went public through a merger with special purpose acquisition company (S**C) Venus Acquisition Corporation. Since the S**C merger, MicroAlgo stock has risen by approximately 62%. While the recent announcement shows potential for business opportunities, the stock should be approached with caution due to limited visibility on short-term and long-term performance. It presents a high-risk investment with the potential for significant returns.

Before considering MicroAlgo, investors may want to explore alternative stock options recommended by The Motley Fool Stock Advisor analyst team, which has a strong track record of beating the stock market.

18/09/2023

Deutsche Bank will soon join the list of global banks offering crypto custody solutions. Read ahead to learn more about its partnership with Ta**us!

11/09/2023

"If the first stock I bought, I lost half my money, I probably would be doing something else," Bill Ackman said.

Bill Ackman bought Wells Fargo stock while at business school as it seemed oversold, and Warren Buffett was a big shareholder of the bank at the time.

08/09/2023

Blockchain integration could be a new way of transferring tokenized assets, claims the SWIFT network. This post discusses their latest announcement!

01/09/2023

QINGDAO, China, September 1, 2023 /PRNewswire/ - On August 26, 2023, during the 2023 Qingdao Yellow River Basin Land-Sea Linkage High-Quality Development Seminar, several important reports were unveiled, including the International Shipping Hubs Development Index Report (2023), the Xinhua - SPG Port Bulk Commodity Index Annual Operation Report (2023), and the RCEP Seaborne Trade Index Report (2023).

These reports, according to attendees, represent a digital approach to presenting port bulk commodity trade through indices. This approach enables efficient connectivity between port shipping and bulk commodity trade, offering valuable guidance for the smooth operation of the global industrial and supply chains.

Building upon the success of the "Xinhua-Baltic International Shipping Center Development Index," the China Economic Information Service (CEIS) introduced the International Shipping Hubs Development Index Report (2023). This report assesses the overall development of the world's principal shipping hubs and port clusters based on various criteria and characteristics.

The findings indicate that major international trunk hubs, such as Singapore Port, Shanghai Port, Ningbo Zhoushan Port, Rotterdam Port, and Qingdao Port, have achieved significant development levels. Regional integrated hubs, including Guangzhou Port, the Port of Antwerp-Bruges, and Tianjin Port, exhibit distinctive features and rank highly among the RCEP members. The comprehensive evaluation results of port clusters reveal that the Yangtze River Delta port cluster and the Guangdong-Hong Kong-Macao Greater Bay Area port cluster hold leading positions. Similarly, the Shandong port cluster around Bohai Bay and the Beijing-Tianjin-Hebei port cluster display robust international competitiveness.

CEIS and Shandong Port Group jointly unveiled the Xinhua-SPG Port Bulk Commodity Index, an index that has undergone continuous enhancements since its debut in 2021. This index has established a comprehensive system consisting of price indices, inventory indices, and entry & exit indices. This year, the index system expanded to include a spot trading price index for sulfur and petroleum coke.

This expansion means the index system now comprises seven price indices for crude oil, iron ore, coke, steel billet, hot rolled C material, sulfur, and petroleum coke, as well as six volume indices for iron ore inventory, coke inventory, inbound iron ore, outbound iron ore, inbound coke, and outbound coke.

The plan includes the release of the petroleum coke inventory index in the future, aiming to provide an accurate reflection of commodity market trends at ports. This will serve as a valuable benchmark and reference for port trade activities, bolstering the monitoring, analysis, and early warning capabilities for domestic and foreign commodity prices.

The RCEP Seaborne Trade Index Report (2023) focuses on the 14 member countries (excluding Laos) of RCEP. It analyzes six major cargo categories, including container cargo, iron ore, coal, oil products, LNG, and cars, to reflect the annual development trends of RCEP seaborne trade in terms of overall trade volume and seaborne trade volume.

According to the index report, the RCEP Seaborne Trade Index reached 101.4 in 2022, surpassing the 2019 baseline for two consecutive years. RCEP's seaborne trade volume has consistently captured a growing share of the global market, particularly in the container segment. The report notes that the RCEP Seaborne Trade Index experienced a 0.2-point year-on-year decline in 2022, aligning with the global downward trend observed in seaborne commerce. However, the report suggests that the RCEP agreement, set to take full effect for the 15 signatory nations in the first half of 2023, holds a more promising seaborne trade outlook among RCEP members compared to the global trade forecast for 2023.

29/08/2023

One of Max Wasserman's favorite sectors right now sits far from the hype of tech: the aging car market.

25/08/2023

Falling sentiment suggests investors are more worried about getting trapped in another bear market than they are about missing the next bull market.