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Unathi Kwaza RT from Khaya Sithole: You can't even do damage control for IFRS Twitter knowing that Yakhe is back on the stand tomorrow where she'll be talking forex trading and that fictitious black practitioners fund she created - amongst other things. #StateCaptureInquiry
[Hot talk] A must-see for Forex investors! As Fed's zero interest rate will be maintained until 2023, there are the three possible effects on the economy
Forex War QE enables more efficient circulation of global capital, and foreign exchange will become an important medium. Investors use the foreign exchange market to buy stocks, bond markets, futures markets, and even real estate markets in various countries. The foreign exchange market fluctuates violently. For foreign exchange investors who want to profit from it, or do not want to lose money, they have to look at the exchange rate cycle under QE. QE continues to depreciate the U.S. dollar, while gold and the euro appreciate. This is also what is happening in the investment market. However, after the implementation of QE for a long time, the foreign exchange market will enter a major reversal stage. During the period, the US dollar will begin to stabilize and rebound. The main reason is that the US economy is gradually improving. The Fed will gradually withdraw from quantitative easing, causing market funds to flow into the US dollar. The economy will have the opportunity to follow in the US. Gold and the euro will fall sharply at this stage. The improvement in the US economic environment will also attract capital to continue to flow into US dollar assets, and US stocks will rise. For example, since the 2008 financial tsunami, the United States has introduced three QE policies. From the attached EURUSD weekly line, we can see that after each QE launch, EURUSD will rise, and when the QE ends in 2014, European and American currencies have fallen sharply for several weeks. https://preview.redd.it/yz5qfktzttn51.jpg?width=700&format=pjpg&auto=webp&s=211f6a461f0a2ea2fbe68d6706e81bd9f2030a28 Inflation Under the economic contraction, the liquidity released by QE to the market will not cause inflation in the short term. However, when the economy improves and investors restore confidence, the excessively released liquidity may be transformed into inflation. As QE stimulated the speculative atmosphere in the market, funds flowed to the stock or property market, triggering a sharp rise in asset prices. Capitalists will be the winners under QE, and the actual wages of ordinary citizens will shrink. But the paradox is that the central bank wants to stimulate consumption, but consumers may be more cautious in the economic downturn. Many people choose to save, which reduces the circulation of money in disguise. Rising of Zombie companies Zombie companies may be arise. Some companies are already on the verge of bankruptcy under market competition, but they can barely maintain operations because of subsidies and low-interest bank loans. Because such companies are actually lacking in competitiveness, if the central bank gradually raises interest rates in the later period of QE, these companies are bound to close down, which will trigger another wave of unemployment. Sum up QE also brings many problems. First, if economic activities fail to cooperate, the most direct problem is to exacerbate the disparity between the rich and the poor; while hot money floods the market, loans increase, and funds flow to the stock market and property market. If QE continues for many years, it will form bubble assets in the long run. problem. https://preview.redd.it/yya3e0bpttn51.jpg?width=1080&format=pjpg&auto=webp&s=04696d1ad85e4cf92b9c5d3be475adf815d1b4e9 https://preview.redd.it/1wlo8krqttn51.jpg?width=697&format=pjpg&auto=webp&s=20e31577e03878f3b86128661e8c79d47353ef2b
The dollar was little changed in early forex trading. There was no breakthrough in the U.S. fiscal stimulus talks to push it in either direction. https://www.financebrokerage.com/dollar-unchanged-over-us-fiscal-stimulus-finance-brokerage/
Why I believe Modi is the real peacemaker in the India- Pakistan faceoff!
Context : Unless you've been living under a rock, you'd know that India had conducted an airstrike in Pakistani territory in response to Pulwama suicide bombing which killed more than 40 CRPF men in Kashmir, India. The terror outfit Jaish-e-mohammad took responsibility of the attack. Feb 26 airstrikes by India were conducted on a major installation of this terror outfit. As the situation was expected to go, Pakistan vowed retaliation. On Feb 27, 24 F-16s and JF-17s progressed towards Indian side. In response to this infiltration attempt, India scrambled 8 jets ( MIG-21 Bison, Mirage 2000 and Sukhoi 30MKI ). In this Dog fight, one of the F-16 of Pakistan was shot down by a MIG 21 BISON. However, the MIG also crashed and it's pilot, W.C Abhinandan landed on the Pakistani side. Pakistan PM had made 2 attempts to "persuade " (in their own terms) India to de-escalate. Coupled with the release of W.C, Pakistan PM is being promoted as a candidate for Nobel peace prize by their media and citizen alike. BUT IS THIS THE ONLY PERSPECTIVE ? Analysis If one changes the shades and sees through Modi's eye, the situation looks all rehearsed by the Indian side with nothing (much) really going off tracks. So yes, Prime Minister Modi decided to take action on terror outfit. The objective of the mission? To eliminate the chief commanders and key people of JEM who provided strategic and logistic support to this terror outfit. The airstrikes made sure that this was achieved. In a press briefing, the Indian Foreign secretary confirmed a "non- military, preemptive action ". Words matter a lot in international diplomacy and hence, the need to put them out there in bold. Since this was not a military action, the action cannot be treated as an act of war and qualifies, at best, as an aggressive violation of airspace. But unless declared as a "state of war"(as required by Hague convention) by any one side, the situation at best can be defined as an " armed conflict ", thus triggering the Article 2 of Geneva convention (which only means that the conditions of Geneva conventions relating to treatment of soldiers, POWs, nurses etc now apply under Article 12). Okay, so Pakistan did react but this time hitting **"military installations" ,**as confirmed during the joint press brief of all the three forces of India. This does translates down to an act of war as it gives a logical excuse to any country to declare an official state of war. However, India did not choose to do so. Also, in his request to de-escalate, Pakistan, a state with $6Bn as forex, talked about how nuclear war would be disastrous for the region. But wait a second, who even mentioned war? Pakistan did! Did Government of India or any of the representatives of the armed forces even mentioned the word 'WAR' when they were being blackmailed by the terms such as "nuclear" from the other side? I don't count the war room experts of ABP news as official spokespersons for India, sorry. While watching France24 debate on this issue, I heard a unique point being mentioned by a panelist who said that Modi's continued engagements with scheduled functions showed a complete lack of leadership. I found it interesting because his continued engagements at different events showed how disinterested the Government of India was in a war that was almost a reality to the TRP freaks and keyboard warriors. It also showed how India was calling the bluff of Pakistan out in the open. Was Indian reaction to the inbound Pakistani jets wrong? Isn't it the duty of IAF and other armed forces to react as bravely as they did? Isn't it logical that India offered no negotiations on the release of W.C Abhinandan, making it clear that the Pakistan must release it ? Isn't it logical that India took the matter to UNSC the day airstrikes were conducted , thanks to the French? Would a country, interested in war or escalation of conflicts approach an international body on security ? Isn't it logical that few hours into the announcement of visit of Saudi FM to Islamabad and a interesting remark the US president, PM Imran khan offers a peace gesture? Conclusion Truth is, the whole narrative of war was created by Pakistan and fueled by the TRP hungry news channels. India and it's leadership are the real peacemakers here because we defeated the narrative of war, pressurized Pakistan into making a BBC gaffe which made them admit, on record, that they know where JEM chief is , and also called the bluff that Pakistan takes with itself to the table. EDIT : Forex of Pakistan changed from $2BN to $6 BN as reported in January 2019. EDIT 2: Formatting and grammatical edits to make it simpler to read.
A long story and lesson about trusting people and managing expectations
So I'm not sure I'd you guys will enjoy this story or if it will just be removed but I currently need to vent because well this happened. And I've lost alot of faith in people. If you don't feel like reading the whole thing I tried to put a TL;DR in each paragraph. Trading- So to kindof preface the story, I am a young guy that is very interested in all things finance such as investing/trading. Because of this I got involved into the Foreign Exchange market(Forex) at the beginning of 2016 and I got very lucky going from $200 to ~$15,000 in 6 months and then unluckily went from ~$15,000 to $0 in less than a minute. So while I was trading this I still worked my normal job(military) and at this job people knew I was trading and doing quite well, they'd frequently ask where I'm at with my trading. So when I lost everything I still thought I will trade again but I'll wait until the new year of 2017. -TL;DR- 2016- Young, like finance, made alot of money, lost all of it and plan to try again. First half of 2017- So during my trading in 2016 I had offered to alot of people at work that I would teach them or show them how to trade. At the time I really just wanted to have someone at work to talk about trading because all I really had was Reddit for Forex talk. So in 2017 I start up again and one of the Civilians I work with decides he wants to join me in trading (most military jobs have civilian slots where they do basically the same thing but get paid 2-3x more, in this case retired mil now civilian). So I help him get setup very excitedly because I finally have someone to talk about trading with he also says he will put in ~$200 to start with as well. So I think oh awesome I can teach you better since our accounts will be the same, so I trade by myself talking to let's call him Civ about trading consistently for about 3-4 weeks. One day suddenly Civ says "hey I put money into my account what are we trading today?" So obviously I'm like "awesome today I'm gonna trade this pair and I think it's a good setup" Civ says OK I put a trade in. So I go about my day and I don't see him until around the end of the day and our trade did go well, I had made about $45 on my at the time $130 account so I'm pretty happy at this point. So I see Civ and he's like super happy and this was our conversation Civ- "wow that was a good trade man" Me-"Yeah pretty good return for a day" Civ- "So how much did you make today?" Me- "I made $45 so like 40ish% pretty sweet" Civ- "man I made a little over $70,000" yes that is $70,000 Me- "....What the fuck? But how?" Civ- "well I kindof put in close to $75,000!" Me- "but even if you scaled up how did you make almost 100%?" Civ- "well I kindof just put in a trade as if I had $200,000 in the account, and then I did another one" So at this point I'm just completely blown away that he just made double what I make in a year in under 8 hours, but after the complete shock and awe wears off I'm legitimately happy for him because I helped in the trade but it definitely made my $45 feel like nothing. So to speed this story up what I just said above actually happens about 3 more times to the point where he makes over $140,000 thanks to the trades that I let him know about. But eventually I start to seriously resent him cause his true character starts to show in a series of events. First he starts to claim the trades were all his idea never even giving me credit, second he never even thanks me for helping him make 4 times as much as I get a year. Third he Basicly tries to rub it in my face a few times throughout this mess saying things like "you should put more money in so you can make more" or "just put half you paycheck in" which is pretty much impossible considering I'm a young E3 at the time and I don't have just money to blow. And fourth he tries to throw me under the bus multiple times for things I didn't do at work. Now here comes in Dirtbags 1 and 2 these two are the worst enlisted personnel I've ever seen but are basically protected by Civ he always stands up for them to higher ups and keeps them from getting in trouble by blaming others for there mistakes and they know this(They will be important later on). There is alot of icing on the cake as far as these 3 but I'm not gonna make this story any longer than it has to be. TL;DR- Help Civ make shitloads of money, Civ shits on me and starts a Sortof witch hunt after me, no longer trade with Civ. Civ in a nutshell- now this Summary of who Civ is isn't really important to the story(skip if ud like) but I felt a need to explain this guy so that people have an understanding of who I'm dealing with. Civ is Basicly a true narcissist he encompasses every meaning of the word. At work he chooses favourites and actively tries to ruin the careers of everyone that isn't his favourite and he's one of those people that laughs about everything he says, he does this so that he can decide based on your reaction if he wants it to be a joke or be serious since every "joke" is in a somewhat demeaning tone. He knows nothing about saving or investing in fact he actually gambles everyday via online poker or fantasy football, during football season hes openly said he gambles over $500 a day since he "wins quite frequently". He's a 45 year old man with a family and kids but he expects invites too all the house parties that people at work have and if he doesn't he has a legitimate hissy fit where I've seen him actually curse people out about how he will no longer invite anyone else to do anything with him(he doesn't do anything tho). He tries to be the guy at work thats "just so cool you gotta be friends with him" but there's a few of us who see straight through his lies and BS. TL;DR- Civ=Narcissistic man child with a gambling problem. Second half of 2017- So I no longer really talk to Civ we talk work related stuff here and there at this point I know he's very two faced and selfish so I avoid him because I can see straight through it. In around July we have a conversation about the up and coming Crypto currencies I tell him I don't really have any idea how to judge if they will keep going up or not. Supposedly Civ buys 0.30-0.40 a Bitcoin(BTC) not sure the price he got it at. Around this time he was pestering me for trades everyday which at this point I'd lost what I put in so I was no longer trading. But when I'd tell him that he took it personally kindof as if I owe him more trades(wtf right?) So I just basically ignore his asshole tones and go about my day. Around this time Civ gets out of Forex he tells me he withdrew over $240,000. Also tells me he never told his wife he made anything and that she thinks he only has like $2,000 in the account(more signs of a gambling addiction). FAST FORWARD to about 2-3 weeks ago- At this point I really don't care about Civ being ungrateful of all the money I've made him and in my life im getting hardcore into crypto currencies. I see BTC hit an insane high of over $18,000 and I see Civ the next day and ask about the BTC he bought he says he's still got it not paying attention to BTC at all tho so I tell him about it and how it could be a time to get out and get into something else so he says OK and that he will look into it. Next day Civ says hey I got out what should I do with it I want to keep it in Crypto, so I tell him about Litecoin and how it's cheaper and promising so he buys 55 Litecoin. (Why am I still helping this guy right? I have no idea) FAST FORWARD to this week- Litecoin explodes to $335 a coin when Civ got in at $90 a coin so he makes about $18,000. I'm pretty happy for him because I called another good investment even tho my little $350 crypto account hardly moved, at this point I don't expect anything from Civ because I expect he's still two faced. This time I actually show him the Litecoin price at work and he's super happy and actually thanks me so I'm like wow that's surprising. But then proceeds to tell co-worker's that he did this on his own (of course). Civ then asks me what he should do now. So at this point I just think well whatever I'm used to this and I'm never getting anything out of this so what's one last investment that I give him gonna hurt right? So I tell Civ about other altcoins on Binance.com and how he needs to get a Binance account to get to them instead of his Currently Coinbase account so he is like okay cool. NOW IT GETS FUCKING INTERESTING- so I tell Civ to get a Binance account and what Coins could be big here soon and he says he will make an account. Remember that Binance has a referral system going on and so I look into it and see that Binance would give me 50% OF WHAT HE DEPOSITS AS A REFERRAL REWARD AND IM FINALLY GONNA GET SOME SORT OF REWARD FOR ALL THE MONEY I'VE HELPED HIM MAKE AND IT WON'T COST HIM ANYTHING. It hits me like a freight train that if he uses my referral code I can get potentially $8,000 into my little coin account. I start to get excited BUT then remember who I'm dealing with so first I sent him my referral code and he says "cool no problem" then I start to think shit what if he forgets to put the code in so I text him again but this time IFU by saying "Hey if you have any questions let me know just don't forget to put in my Referral code cause I get free BTC lol" .....TIFU by showing a narcissist how to fuck someone over....AGAIN. So on the Binance referral page it shows you the first few letters of the person's email that used the referral and how much commission you have made from said person. Civ says he's going to make an account on Binance that night I say OK cool. That night my referral page gets one attached email that doesn't have letters I'm expecting so I'm kindof confused then I remember Civ is a 45 year old Neckbeard gamer so he likely had a wierd email address. No big deal, I see Civ next day at work and ask him how his account setup went (usually takes a few days) he says great and that DIRTBAG #2 also wants to get into crypto so he gave DB2 my referral code. .... Wait a minute the email attached to my account was actually DB2s because the first letters are his Initials of his name no doubt about it. But I don't think this is wierd at the time I carry on through out my week. UNTIL TODAY(Yes an actual TIFU) I see Civ at work (this is three days after he was supposed to setup his account and it still hasn't popped up on my referral list) and he says "I'm actually gonna not put money in to anything without doing research" this to me is wierd because for the last year he's made over $155,000 by literally doing no research and just listening to me. So I say cool whatever good idea. Meanwhile I'm also weirded out by how DB2 has not talked to me about crypto at all since using my referral code and he's been in this extremely happy mood lately so I'm like wtf is going on? Since I had taught DB2 Forex less than a year ago and he had the IQ of a house fly this strikes me as extremely odd compared to when I taught him last he wouldn't stop asking questions. BUT THEN IT HIT ME today when I got home I checked my referrals again because I was still pretty excited for $8,000 and how much it will help me and my wife with Christmas this year and then seeing that he hasn't popped up on the referral list it dawned on me. When I exposed that I would get free BTC to Civ he took it upon himself to have DB2 create an account on Binance and use my referral code so that I would think this was Civ meanwhile Civ put in DB2s referral code giving DB2 $8,000 and then he proceeds to lie to me. Going into investigative mode after calming down from an absolute rage I text DB2 knowing he literally knows Zero about crypto and my hypothesis being very very plausible I go to the weakest link directly and that's the low IQ DB2 and I start to talk to him about crypto first he says he has a Binance account with a bit of coins so I ask him what's next and he tells me he needs to get a coinbase account...... Which is Basicly the only way to put money into crypto so I ask him how he put money in before if he wasn't using coinbase and he says "I think it was Coinable.com" So I continue the conversation about crypto trying to get more of a clue of what Coins he owns he of course lists the exact list I gave Civ earlier that week . At this point I'm about 98% sure my hypothesis is correct and that I work with two of the most narcissistic people I've ever met. BUT THEN I get confirmation in the form of DB2 Being so clueless about crypto because he explains that he has "about 0.23 of BTC" which is roughly $4,000 which I know DB2 Does not have due to the fact that he recently totaled his 4th car this year. So Civ had DB2 create an account on Binance in order to give DB2 $8,000 in free money and to avoid giving me a single dime even tho I'm the one that's helped him make over $155,000 this year and then continues to lie to me thinking that I'm to stupid to figure this out. This is the single most fucked up thing I've ever personally seen happen to someone, and of course that someone is myself. Also to clarify the $8,000 does not come out of Civs pocket it comes out of Binances pocket as a thank you to getting people on their site so literally wouldn't cost Civ a dime. TL;DR(FULL) I help a narcissistic piece of shit make over $155,000 in a year and he avoids giving me anything in return at all at all costs. Now myself personally I made the mistake of putting myself in Civs shoes, you have a 21 year old guy at work that helps you make over a years salary and so I thought oh I'd totally being super appreciative and buy him lunch or maybe dgive him less than 1% of what he just earned you but this is where I really fucked up. In starting to put myself in his shoes I started to just completely resent Civ and everything about him because I started to feel like I deserve something. In the Forex community there are people who will trade your money for you or give you signals and those people can make lots of money either % returns of each trade or $ amounts for each signal. Looking back I shouldof come up with a Sortof contract after that first trade with Civ but at the time I didn't know what kindof person he really was. I'm posting it here because it's kindof a lesson I've now learned on not to trust people to be decent to you in return when it comes to investing/trading I've learned that as you guys have probably seen or know about how certain people get extremely inflated ego when it comes to trading/investing. And if your ever in a situation where you could make someone alot of money just do yourself a favour and draft a small document of how that person should give you about 10% of what they make. That alone should tell you what you need to know about the person is how they react to signing a contract like that. Take it from a practically broke Enlisted member who just made a well off guy way more cushioned.
New to forex, was hoping to be able to have some people to help me out or just talk to about it
Okay so, uh, I'm 14 and want to start doing foreign exchange stuff to make money, right now, I'm just practicing on a simulator, but I plan on doing it legit when I turn 15 (bout a year) but was wondering if anyone would be willing to give me tips or just talk about it in general
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Forex Today: Trump Nixes Stimulus Talks. Adam Lemon on October 07, 2020 Latest News. Sterling Higher as Brexit Hopes Build. 13 hours ago Barbara Zigah Forex News US Stock Markets Soar on Hopes for Coronavirus Vaccine. 15 hours ago Ibeth Rivero ... In forex, the primary currency when bought is long and the other is short. Loonie - Market term for the CAD. LSE - The London Stock Exchange. Margin - The required initial deposit of collateral to enter into a position or foreign exchange trade. This is held as a deposit on any running contract. Talks continued between House Speaker Nancy Pelosi and US Treasury Secretary Steven Mnuchin, without a deal. Delayed talks weighed on the market’s mood ahead of the close. The second wave of coronavirus is hitting Europe quite hard. Curfews are under study in different countries, as a record number of new cases are being reported in Spain, Italy and the UK. Curfews and additional restrictive ... Forex Today: Dollar plunges on stimulus, Brexit talks resume NEWS Oct 21, 20:27 GMT By FXStreet Team. Here is what you need to know on Thursday, October 22: The greenback kept losing ground on ... The dollar dipped on Tuesday, but moves were muted as investors awaited the outcome of fiscal stimulus talks ahead of the upcoming U.S. presidential election and as coronavirus cases spiked in Europe. I understand that residents of the US are not eligible to apply for an account with this FOREX.com offering, but I would like to continue. Continue or. Go to Content for My Region . I’d like to view FOREX.com’s products and services that are most suitable to meet my trading needs. Take me to correct content. Trump halts stimulus talks until after the election Gary Christie October 6, 2020 ... FOREX- U.S. dollar eases with focus on stimulus talks, election . Contributor. John McCrank Reuters Published. Oct 20, 2020 10:21AM EDT. Credit: REUTERS/ANTARA FOTO. The dollar dipped on Tuesday ...
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Forex Talk : ก้าวแรกก่อนเริ่มเทรด Forex Part 1 - Duration: 9:32. Mia Trade 1,033 views. 9:32. เผยเส้นทางฟอกเงิน Forex 3D ... มุมดีๆของForex เชื่อว่าทุกคนคงรู้กันอยู่แล้ว เราไม่บอก แต่วันนี้เราจะ ... 📣 อาจารย์ - เฟื่องทศ ปฏิเวธวรรณกิจ เจ้าของแฟนเพจ - Poh trader's way โลกในมุมมองของ ... Free beginners trading guide: https://www.investorsunderground.com/beginners-day-trading-guide Review important disclosure information before watching this v... The second video of ForeX Talks! is here. This video goes over the analysis of the short trade I placed in the EUR/JPY. It will help you understand how to de... We are BACK! Here at Option Talks, we are better than ever. We are making great trades through the S&P 500 that results in HIGH REWARD! Now, we are taking it... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. วันนี้เรามาพูดคุยกัน สำหรับมือใหม่ที่อยากเข้ามาเล่นในตลาดนี้ อยาก ... Download FREE Forex E-book: https://bit.ly/2HHZHaa Warren Buffett isn't known as a currency trader. But he does get involved on occasion in currency markets.... 📣 อาจารย์ - ภูริช มหายศนันท์ นักวิเคราะห์ปัจจัยพื้นฐานอีก 1 ...