There is an inverse correlation between the US dollar index and crude oil WTI. This means that when the value of the US dollar strengthens, the price of crude oil WTI tends to fall, and when the value of the US dollar weakens, the price of crude oil WTI tends to rise.

This correlation exists because crude oil is priced in US dollars on the global market, so when the US dollar strengthens, it becomes more expensive for other countries to purchase oil, which can decrease demand and lower prices. Conversely, when the US dollar weakens, oil becomes cheaper for other countries, which can increase demand and raise prices.

However, it is important to note that other factors can also influence the price of crude oil WTI, such as global supply and demand dynamics, geopolitical events, and natural disasters.


What is co-relation of US Dollar Index with Crude Oil ?

Here are some potential effects:

Inflation: As oil is a crucial input for most economic activities, an increase in its price can lead to higher production costs, which can result in inflationary pressures on consumer prices.

Reduced consumer spending: As fuel prices rise, consumers may have less disposable income to spend on other goods and services, leading to a reduction in overall consumer spending. This can have a negative impact on economic growth.

Impact on trade balances: Countries that are net oil importers may experience a deterioration in their trade balances as they spend more on oil imports. Conversely, oil-exporting nations may benefit from higher prices, leading to improved trade balances and increased government revenues.

Impact on stock markets: The stock prices of companies that are highly dependent on oil, such as airlines and transportation companies, may fall as their costs increase. Conversely, the stock prices of energy companies may rise as they benefit from higher prices.

Impact on government finances: Higher oil prices can lead to increased tax revenues for governments that tax oil production or consumption. However, if prices rise too high, it can also lead to increased social spending and subsidies to help mitigate the impact on consumers.

Overall, rising oil prices can have a significant impact on the global economy, and the extent of this impact will depend on various factors such as the magnitude and duration of the price increase, as well as the economic policies and responses of different countries.

Rising oil prices can have various impacts on the global economy.

Fridays may not be the best day for retail traders to trade, including the reasons and risks involved. One should understand why he or she must not dedicate a substantial amount of capital on trades which will get executed on Fridays. 

1) Liquidity : One of the main reasons why retail traders should avoid trading on Fridays is due to the lack of liquidity in the market. Many institutional traders and investors tend to close their positions and reduce their exposure to the market on Fridays. This can lead to lower trading volumes, wider spreads, and increased volatility, making it difficult for retail traders to execute trades at their desired prices.

2) News Releases : Another reason why Fridays may not be the best day for retail traders to trade is due to the high number of news releases that are typically released on Fridays. Economic reports, such as Non-Farm Payroll (NFP), GDP, and Consumer Price Index (CPI), are often released on Fridays, and these reports can have a significant impact on the markets. This increased volatility can make it challenging for retail traders to manage their positions effectively, and they may be more likely to experience significant losses.

3)  Weekend Risk: Retail traders who hold positions over the weekend may be exposed to significant weekend risk. The markets are closed over the weekend, and unexpected events, such as geopolitical tensions, natural disasters, or unexpected news releases, can occur, leading to significant market gaps when the markets open on Monday. This gap can cause traders to experience significant losses, and it can be difficult for them to manage their positions effectively.

4) Fatigue: Finally, retail traders may experience fatigue towards the end of the week, which can lead to poor decision-making and trading mistakes. Retail trading requires a significant amount of mental and emotional energy, and traders who are tired or stressed may be more likely to make errors and take unnecessary risks.

So overall it all boils down to the risk appetite of the trader. 

Why Should Retail Traders Not Trade on Fridays?

In recent years, many giant companies such as Google, Amazon, Facebook, and Microsoft have been in the headlines for laying off employees. These layoffs have come as a shock to many people, as these companies are often seen as stable and prosperous organizations that offer their employees job security and great benefits. So why are these companies laying off employees? In this article, we will take a closer look at some of the reasons why giant companies are laying off employees and what this means for the workforce as a whole.

**1-	Changing Market Conditions**

One of the main reasons why giant companies are laying off employees is due to changing market conditions. In today's fast-paced business world, companies must continually adapt to stay ahead of the competition. This means that sometimes companies need to make tough decisions, such as laying off employees, to cut costs and remain competitive.

For example, in the case of Google, the company laid off around 1,200 employees in early 2020 due to a decline in advertising revenue caused by the COVID-19 pandemic. Similarly, Amazon laid off hundreds of employees in 2018 as it shifted its focus from its retail business to its cloud computing division.

**2-	Automation and Technology**

Another reason why giant companies are laying off employees is due to the increasing use of automation and technology. As technology continues to advance, many companies are finding that they can replace human workers with machines and algorithms that can perform the same tasks more efficiently and at a lower cost.
For example, in 2019, Amazon announced that it was planning to spend $700 million to retrain one-third of its workforce to perform more technical jobs, such as software engineering and data analytics. This move was seen as a way for Amazon to stay ahead of the curve and to ensure that its workforce was equipped with the skills needed to succeed in the age of automation.

**3-	Restructuring and Reorganization**

Another reason why giant companies are laying off employees is due to restructuring and reorganization. As companies grow and evolve, they often need to restructure their operations to remain competitive and efficient. This can involve consolidating departments, eliminating redundant positions, and shifting job responsibilities.
For example, in 2017, Microsoft announced that it was laying off thousands of employees as part of a major restructuring effort aimed at streamlining its operations and focusing on its cloud computing business. Similarly, Facebook has undergone several reorganizations in recent years, which have led to layoffs in certain departments.

**4-	Economic Downturns**

Finally, giant companies may lay off employees during economic downturns. When the economy takes a downturn, companies may experience a decline in sales or revenue, which can lead to budget cuts and layoffs.
For example, during the 2008 financial crisis, many companies were forced to lay off employees as they struggled to stay afloat. In the case of Google, the company laid off around 100 recruiters in 2008 due to a decline in hiring caused by the economic downturn.

**5-	Merger and Acquisition**

Another reason why giant companies lay off employees is due to the merger and acquisition of other companies. In many cases, when a company acquires another company, there is often a duplication of roles or responsibilities, and this can lead to layoffs.

For example, in 2016, Microsoft acquired LinkedIn, a professional networking platform. As part of the acquisition, Microsoft announced that it would be laying off around 5,500 employees to eliminate overlapping roles and to streamline operations.

**6-	Cost-cutting Measures**

Sometimes, giant companies lay off employees as a cost-cutting measure. When a company is looking to cut costs, it may turn to layoffs as a way to reduce expenses and to improve profitability.
For example, in 2019, Uber laid off around 1,200 employees as part of a cost-cutting measure aimed at improving its financial performance. Similarly, in 2014, IBM announced that it would be laying off around 15,000 employees as part of a cost-cutting initiative.

**7-	Strategic Shifts**

Finally, giant companies may lay off employees as part of a strategic shift in their business model or focus. As companies evolve and change, they may need to shift their focus to new products or services, which can require a different set of skills or expertise.

For example, in 2019, Intel announced that it was planning to lay off around 12,000 employees as part of a strategic shift away from its traditional business of manufacturing computer chips and towards new areas such as data centers and the Internet of Things.

**Conclusion**

In conclusion, there are many reasons why giant companies lay off employees, and these reasons can vary depending on the company and the industry in which it operates. While layoffs can be painful for employees and their families, they are often necessary for companies to remain competitive and to adapt to changing market conditions, technological advances, and shifts in the economy.

As the workforce continues to evolve, it is important for employees to stay adaptable and to develop new skills that will help them succeed in the age of automation and technology. It is also important for companies to be transparent and to communicate openly with their employees about any changes or challenges that may arise.
In summary, while layoffs can be difficult and disruptive, they are often a necessary part of the business world, and companies must take steps to ensure that they are managing them in a responsible and ethical manner.


Why Are Giant Companies Laying Off Employees?

Trading Non-Farm Payroll (NFP) news events can be risky, but there are ways to mitigate that risk. Here are some tips for trading NFP news events with low risk:

Have a trading plan: Before the NFP news event, create a trading plan that outlines your entry and exit points, stop loss, and take profit levels. Stick to your plan and don't deviate from it.

Use a stop loss: Place a stop loss order to limit your potential losses if the market moves against you. Be sure to set your stop loss at a level that makes sense based on your trading plan.

Don't trade right before the news: Avoid trading in the minutes leading up to the release of the NFP news. The market can be extremely volatile during this time, and it can be difficult to predict which way it will move.

Wait for the initial reaction: After the NFP news is released, wait for the initial market reaction to settle down before making any trades. This can help you avoid getting caught up in the volatility and making impulsive decisions.

Pay attention to the trend: Look at the overall trend of the market before and after the NFP news release. If the market was already trending in a particular direction, it may continue in that direction after the news.

Manage your risk: Never risk more than you can afford to lose, and don't let your emotions take over your trading decisions. Keep your emotions in check and stick to your trading plan.

By following these tips, you can reduce your risk when trading NFP news events. Remember that there is always some level of risk involved in trading, so it's important to manage that risk as effectively as possible.

How can one trade NFP news event with low risk ?

When it comes to wealth, few things can compare to the fortunes of the world's richest families. These dynasties have amassed their wealth through various industries such as tech, finance, real estate, and more. But what exactly makes these families so rich, and what are their business ventures? In this article, we'll explore some of the wealthiest families in the world, their sources of income, and their legacies.

From the richest tech moguls to oil tycoons, the world's wealthiest families have one thing in common - their vast fortunes.

**Introduction**

Money is power, and when it comes to the wealthiest families in the world, this statement couldn't be more accurate. These families have established their legacies through hard work, perseverance, and a knack for making savvy business decisions. According to Forbes, the top 25 wealthiest families in the world have a combined net worth of over $1.4 trillion. So, who are these families, and how did they accumulate such enormous wealth? Let's dive in.

**The Walton Family**

Topping the list of the world's wealthiest families is the Walton family, the founders of Walmart. With a net worth of $247 billion, the Walton family has made a name for themselves in the retail industry. Walmart, the world's largest retailer, has over 11,000 stores in 27 countries and employs over 2.3 million people. The Walton family's fortune is a result of their stake in the company, which they inherited from their father, Sam Walton. In addition to Walmart, the family also owns a private equity firm and a bank.

**The Rothschilds**

The Rothschild family is one of the oldest and wealthiest banking dynasties in the world. The family has a net worth of over $400 billion, with most of their wealth coming from their banking and financial investments. The family's origins can be traced back to Mayer Amschel Rothschild, who founded the Rothschild banking dynasty in the late 18th century. Today, the family is still involved in banking and finance, with many members working in various financial institutions.


**The Koch Family**

The Koch family is another family that has made their fortune through business ventures. With a net worth of $100 billion, the Koch family is known for their involvement in the energy and chemical industries. The family owns Koch Industries, a conglomerate that operates in various sectors, including refining, chemicals, and biofuels. Koch Industries has over 120,000 employees and generates over $110 billion in revenue annually.

**The Mars Family**

The Mars family, with a net worth of $120 billion, has established themselves as leaders in the candy industry. The family is the majority shareholder of Mars, Incorporated, the world's largest candy maker, which produces popular brands such as M&M's, Skittles, and Snickers. The company also owns pet care brands, such as Pedigree and Whiskas. The Mars family has a long history of philanthropy, and they've donated over $2 billion to various causes through the Mars Foundation.

**The Cargill-MacMillan Family**

The Cargill-MacMillan family is one of the wealthiest families in the world, with a net worth of over $43 billion. The family is best known for their ownership of Cargill, one of the largest privately held companies in the world. The company was founded by William Wallace Cargill in 1865, and it has since grown into a global agribusiness giant. Today, the company has interests in various industries, including food, agriculture, and finance.


**The Ambani Family**

The Ambani family, with a net worth of $137 billion, is one of the wealthiest families in India. The family's fortune is a result of their involvement in the oil and gas industry. The Ambani family owns Reliance Industries, a conglomerate that operates in various sectors, including petrochemicals, refining, and textiles. The company also operates India's largest mobile network, Jio. The Ambani family is known for their lavish lifestyles, and they've built one of the world's most expensive homes, Antilia, in Mumbai.

**Conclusion**

The world's wealthiest families have established their legacies through hard work, perseverance, and a knack for making savvy business decisions. From the Waltons, who made their fortune in retail, to the Kochs, who dominate the energy and chemical industries, these families have made their mark on the world. The Mars family has established themselves as leaders in the candy industry, while the Ambanis have made their fortune in oil and gas. Regardless of their industries, these families have left a lasting impact on the business world and the global economy.

Many of these families have also become well-known for their philanthropy and charitable giving. The Gates family, for example, has donated billions of dollars through the Bill and Melinda Gates Foundation to support global health initiatives and education. The Walton family has also given back to their community through the Walmart Foundation, which supports various charitable causes, including disaster relief efforts.

While these families have amassed enormous wealth, their legacies extend beyond just their financial success. They have also created employment opportunities, contributed to economic growth, and supported various charitable causes. Their impact on the world is a testament to the power of hard work, perseverance, and strategic decision-making.

In conclusion, the world's richest families have achieved immense wealth through various industries and business ventures. The Waltons, Kochs, Mars, and Ambanis are just a few examples of families that have made their mark on the world. While their success is impressive, their legacies extend beyond just their wealth. These families have made significant contributions to their industries, economies, and charitable causes, leaving a lasting impact on the world.


The Richest Families in the World: Exploring their Wealth, Business Ventures, and Legacy

With the United States using its currency as a tool for sanctions, many countries have been exploring the possibility of an alternative currency. This article examines whether there is a need for an alternative currency to the US dollar.

**Introduction: -**

The US dollar has been the world's dominant reserve currency for decades, but many countries are starting to question its suitability as a global currency. One of the reasons is the US government's use of the dollar as a tool for sanctions. When the United States imposes economic sanctions on a country, it often restricts that country's access to US dollars, effectively cutting off its access to international trade. This has led some countries to explore alternative currencies that are less susceptible to US pressure.

In this article, we will examine whether there is a need for an alternative currency to the US dollar, given that it has been used as a tool for sanctions in many countries by the USA. We will explore the advantages and disadvantages of alternative currencies and whether they are a viable option for countries that have been targeted by US sanctions.

**The US Dollar as a Tool for Sanctions:**

The United States has a long history of using its currency as a tool for sanctions. When the US imposes economic sanctions on a country, it often restricts that country's access to US dollars, which can make it difficult for that country to engage in international trade. For example, Iran has been subject to US sanctions since 1979, which have severely restricted its access to US dollars. In recent years, the US has also imposed sanctions on countries such as Russia, North Korea, and Venezuela, among others.

**The Advantages of Alternative Currencies:**

One of the main advantages of alternative currencies is that they can provide countries with greater independence and autonomy. If a country's access to the US dollar is restricted due to sanctions or other factors, an alternative currency can allow it to continue to engage in international trade. This can help to mitigate the economic impact of sanctions and other forms of pressure from the United States.

Another advantage of alternative currencies is that they can promote greater financial stability. The US dollar's dominance as a reserve currency has contributed to global financial instability, as the United States has used its position to pursue policies that have had negative effects on other countries. Alternative currencies can help to reduce the United States' ability to dictate global economic policy, thereby promoting greater financial stability.

**The Disadvantages of Alternative Currencies:**

One of the main disadvantages of alternative currencies is that they can be difficult to establish and maintain. Creating a new currency requires significant resources and infrastructure, and it can take years or even decades to establish a currency that is widely accepted in the international community. Additionally, alternative currencies may be subject to the same geopolitical pressures as the US dollar, as countries such as China and Russia seek to promote their own currencies as alternatives to the US dollar.

**Alternatives to the US Dollar:**

Several countries and organizations have been exploring alternatives to the US dollar in recent years. One of the most notable is China, which has been promoting its currency, the renminbi, as an alternative to the US dollar. Other countries, such as Russia, have also been exploring alternatives to the US dollar, such as the use of gold as a reserve currency. Additionally, some organizations, such as the International Monetary Fund, have proposed the use of a new global currency known as the Special Drawing Right.


Explore the need for alternative currencies to the US Dollar

Cryptocurrency has been gaining popularity over the years, with many people investing in it as a way to diversify their portfolio or to try to make quick profits. While it may seem like a lucrative opportunity, there are also risks involved, particularly for small retailers or small players.

**Here are some reasons why cryptocurrency can be dangerous for small retailers or small players: -**

**Volatility: -** Cryptocurrency prices are notoriously volatile, and they can fluctuate rapidly within a short period of time. For small retailers or small players who may not have the financial resources to withstand such fluctuations, this can be risky. A sudden drop in the value of cryptocurrency can wipe out their investment, leading to significant losses.

**Lack of Regulation: -** Cryptocurrency is not regulated by any central authority or government, which means there are no guarantees or protections in place for investors. Small retailers or small players may not have the expertise or resources to navigate the complex and unregulated cryptocurrency market, which puts them at a higher risk of fraud or scams.

**Limited Acceptance: -** Although cryptocurrency is gaining wider acceptance, it is still not widely accepted as a form of payment. This means that small retailers or small players may have limited options when it comes to using their cryptocurrency or converting it back into traditional currency.

**Cybersecurity Risks: -** Cryptocurrency transactions are typically conducted online, which means there is a risk of cyber attacks and theft. Small retailers or small players may not have the same level of cybersecurity measures in place as larger businesses, making them more vulnerable to hacking and other security breaches.

**Lack of Understanding:-** Finally, cryptocurrency is a complex and technical subject, and small retailers or small players may not have a thorough understanding of how it works. This lack of understanding can lead to poor investment decisions or mistakes that can result in significant losses.

In summary, while cryptocurrency may seem like an attractive investment opportunity, it is important to understand the risks involved. Small retailers or small players should consider these risks before investing in cryptocurrency and should seek professional advice if they are unsure.


The Harsh Truth About Cryptocurrency and Small Investor Losses

In Forex trading, discipline is crucial for success. This article explains why discipline is important in Forex trading and provides tips for traders to develop discipline.

**Introduction: -**

Forex trading is a complex and dynamic market that requires skill, knowledge, and discipline to be successful. While many traders focus on strategies, technical analysis, and market trends, they often overlook the importance of discipline in Forex trading. Discipline is an essential component of successful trading, but it is often underrated and overlooked. In this article, we will discuss why discipline is important in Forex trading and provide tips to help traders develop discipline.

**Why Is Discipline Important in Forex Trading?**

Discipline is the cornerstone of any successful Forex trader. It helps traders to stay focused on their trading plan, control emotions, and manage risk effectively. Here are some reasons why discipline is important in Forex trading:

- **Helps to Control Emotions**

Emotions can be a trader's worst enemy in Forex trading. Fear, greed, and anxiety can all lead to impulsive and irrational trading decisions. Discipline helps traders to control their emotions and avoid impulsive trading decisions. It enables traders to stick to their trading plan, even when the market is volatile and unpredictable.

- **Helps to Stick to Trading Plan**

A trading plan is a set of rules that a trader follows to make trading decisions. It outlines the entry and exit points, risk management strategies, and position sizing. Without discipline, traders may deviate from their trading plan and make irrational decisions, leading to losses.

- **Helps to Manage Risk**

Risk management is an essential component of Forex trading. Discipline helps traders to manage risk effectively by sticking to their risk management strategy. It enables traders to limit their losses and protect their capital.

- **Tips for Developing Discipline in Forex Trading: -**

Developing discipline is not easy, but it is essential for success in Forex trading. Here are some tips to help traders develop discipline:

- **Create a Trading Plan**

A trading plan is a set of rules that a trader follows to make trading decisions. It outlines the entry and exit points, risk management strategies, and position sizing. By creating a trading plan, traders can avoid impulsive trading decisions and stick to their plan.

- **Stick to Your Trading Plan**

Once a trading plan is created, it is essential to stick to it. Traders should avoid deviating from their plan and making impulsive decisions based on emotions or market conditions.

- **Practice Patience**

Patience is essential in Forex trading. Traders should wait for their trading setups to occur and avoid jumping into trades based on emotions or market conditions. By practicing patience, traders can avoid impulsive decisions and stick to their trading plan.

- **Manage Risk Effectively**

Risk management is an essential component of Forex trading. Traders should limit their losses and protect their capital by sticking to their risk management strategy.

**FAQs:**

Q: **How important is discipline in Forex trading?**

A: Discipline is essential in Forex trading. It helps traders to control their emotions, stick to their trading plan, and manage risk effectively.

Q: **How can traders develop discipline in Forex trading?**

A: Traders can develop discipline in Forex trading by creating a trading plan, sticking to their plan, practicing patience, and managing risk effectively.

**Conclusion: -**

Discipline is a crucial component of successful Forex trading. It helps traders to control their emotions, stick to their trading plan, and manage risk effectively. By developing discipline, traders can increase their chances of success in Forex trading. Traders should create a trading plan, stick to their plan, practice patience, and manage risk effectively to develop discipline in Forex trading. Remember, discipline is not a one-time achievement; it is a continuous process that requires constant effort and practice.


Discipline in Forex Trading - Why It Matters?

The global economy is dominated by the US dollar, with over 60% of global foreign exchange reserves held in the currency. This has led to concerns about the potential risks and vulnerabilities associated with such a concentration of economic power in a single currency. In response, the BRICS countries (Brazil, Russia, India, China, and South Africa) have been exploring the possibility of creating their own reserve currency to reduce their dependence on the US dollar. But is this move likely to succeed in reducing the dollar's dominance in the global economy?

**The US Dollar's Dominance in the Global Economy**

Before delving into the BRICS countries' attempt to reduce the US dollar's dominance, it is important to understand the reasons behind the currency's current dominance in the global economy. The US dollar has been the world's reserve currency since the end of World War II. The Bretton Woods agreement of 1944 established the US dollar as the standard currency for international transactions, and countries agreed to peg their currencies to the US dollar, which was in turn backed by gold.

However, the Bretton Woods system collapsed in 1971, when the US abandoned the gold standard, leading to a transition to a floating exchange rate system. Despite this change, the US dollar remained the dominant currency in the global economy due to the size of the US economy and the stability of the US financial system. The US dollar has become the default currency for international trade, with many countries requiring US dollars to conduct business.

**The Risks of the Dollar's Dominance**

While the US dollar's dominance has provided many benefits to the US economy, it also poses several risks and vulnerabilities for the global economy. For example, fluctuations in the US dollar can have significant effects on global financial markets and commodity prices. In addition, the US Federal Reserve's monetary policy decisions can have far-reaching impacts on other countries' economies. This has led to concerns about the potential for the US to use its economic power as a tool for geopolitical influence.

Furthermore, the US dollar's dominance has created a reliance on the US financial system and a vulnerability to potential disruptions in that system. For example, the 2008 financial crisis highlighted the risks associated with the concentration of economic power in a single country and currency. Countries with large foreign exchange reserves held in US dollars were particularly vulnerable to the crisis, as the value of the US dollar decreased, and many countries experienced significant economic downturns.

**The BRICS' Attempt to Reduce the Dollar's Dominance**

Given the risks and vulnerabilities associated with the US dollar's dominance, the BRICS countries have been exploring the possibility of creating their own reserve currency to reduce their dependence on the US dollar. The idea of a BRICS' reserve currency was first proposed in 2010, and the BRICS countries have since taken several steps towards its implementation.

One of the key steps taken by the BRICS countries was the establishment of the New Development Bank (NDB) in 2014. The NDB was created to provide financing for infrastructure and sustainable development projects in emerging economies, with the aim of reducing their dependence on Western-led financial institutions such as the World Bank and the International Monetary Fund. The NDB's capital is denominated in US dollars, but the BRICS countries have expressed a desire to eventually denominate it in their own currencies.

Another step taken by the BRICS countries was the establishment of the Contingent Reserve Arrangement (CRA) in 2015. The CRA is a $100 billion fund that provides liquidity to member countries in the event of a balance of payments crisis. The CRA is denominated in US dollars, but the BRICS countries have expressed a desire to eventually denominate it in their own currencies. In addition, the BRICS countries have been exploring the possibility of creating a cryptocurrency to facilitate trade and investment between member countries.

Despite these efforts, the BRICS countries face several challenges in their attempt to reduce the US dollar's dominance in the global economy. One of the biggest challenges is the sheer size and influence of the US economy. The US dollar's dominance is not just a result of its status as the world's reserve currency, but also due to the size and depth of the US financial system. The US financial system is home to some of the world's largest banks, and the US bond market is the largest and most liquid in the world. This means that any attempt to create a new reserve currency would need to be able to match the size and depth of the US financial system.

In addition, the BRICS countries face challenges in terms of coordination and cooperation. While the BRICS countries share a common goal of reducing their dependence on the US dollar, they also have their own unique economic and political interests. This can make it difficult to agree on a unified approach to creating a new reserve currency.

Finally, the BRICS countries also face challenges in terms of international acceptance. Any new reserve currency would need to be widely accepted and trusted by other countries and international financial institutions. This can be a difficult task, as the US dollar's dominance is deeply entrenched in the global financial system, and many countries may be reluctant to switch to a new currency.

**Conclusion**

In conclusion, the BRICS countries' attempt to reduce the US dollar's dominance in the global economy is a challenging and complex task. While the risks and vulnerabilities associated with the US dollar's dominance are well-known, the US financial system's size and influence, as well as the challenges of coordination and international acceptance, make it difficult to create a viable alternative. Nevertheless, the BRICS countries have taken several steps towards this goal, including the establishment of the NDB and CRA, and the exploration of a new cryptocurrency. Whether these efforts will succeed in reducing the US dollar's dominance remains to be seen, but the discussion and debate surrounding the issue is an important one for the global economy.


BRICS' Reserve Currency: A Rival to the Dollar's Dominance?

Understanding Crude Oil

Before you start trading crude oil, it is essential to have a good understanding of what crude oil is and how it is produced. Crude oil is a naturally occurring liquid that is found underground in geological formations. It is a complex mixture of hydrocarbons, which can be refined into various products such as gasoline, diesel, and jet fuel.

Factors that Affect the Price of Crude Oil

To be a successful crude oil trader, you need to have a good understanding of the factors that influence the price of crude oil. These factors include supply and demand, geopolitical events, natural disasters, and changes in the global economy. Understanding these factors and how they impact the price of crude oil can help you make better trading decisions.

Types of Crude Oil

There are several types of crude oil, and each type has its unique properties. The most commonly traded types of crude oil are Brent crude and West Texas Intermediate (WTI) crude. Brent crude is produced in the North Sea and is used as a benchmark for oil prices worldwide. WTI crude is produced in the United States and is used as a benchmark for oil prices in North America.

Trading Crude Oil

Now that you have a good understanding of crude oil and its price dynamics, it is time to start trading. There are several ways to trade crude oil, including futures contracts, options, exchange-traded funds (ETFs), and contracts for difference (CFDs). Each trading method has its advantages and disadvantages, and it is essential to choose the method that best suits your trading style and risk tolerance.

Futures Contracts

Futures contracts are agreements to buy or sell a specific amount of crude oil at a predetermined price and date in the future. Futures contracts are traded on exchanges and are standardized, making them a popular trading method for institutional investors and speculators.

Options

Options are contracts that give the buyer the right, but not the obligation, to buy or sell a specific amount of crude oil at a predetermined price and date in the future. Options are a popular trading method for hedging and speculating.

Exchange-Traded Funds (ETFs)

Exchange-traded funds (ETFs) are investment funds that are traded on stock exchanges like regular stocks. ETFs are a popular trading method for retail investors who want to gain exposure to crude oil prices without owning the underlying asset.

Contracts for Difference (CFDs)

Contracts for difference (CFDs) are financial derivatives that allow traders to speculate on the price of crude oil without owning the underlying asset. CFDs are a popular trading method for retail investors and speculators.

Conclusion

Trading crude oil can be a profitable venture if done correctly. To be a successful crude oil trader, you need to have a good understanding of crude oil, the factors that affect its price, and the various trading methods available. We hope this guide has been helpful in providing you with a comprehensive overview of how to trade crude oil.

Factors to consider before trading crude oil ?

There are several strategies that traders use to trade crude oil, and the best strategy will depend on the trader's individual goals, risk tolerance, and investment time horizon.

One popular strategy is to use technical analysis to identify trends and patterns in the price of crude oil. This can involve using charts and indicators to analyze past price movements and make predictions about future price movements.

Another strategy is to use fundamental analysis to evaluate the underlying factors that influence the supply and demand for crude oil, such as economic growth, geopolitical events, and changes in production and inventory levels.

Another strategy is to trade based on news and events, such as changes in production from major oil-producing countries or natural disasters that can disrupt supply.

A strategy can also be a combination of the above, for example, a trader may combine technical analysis with a focus on fundamentals like OPEC meeting.

It's important to remember that crude oil prices can be highly volatile and subject to sudden changes, so any strategy should be paired with a robust risk management plan. It's also important to have a good understanding of the market and to continuously monitor the market conditions.

It is recommended to always paper trade and test a strategy before using it with real money and to consult with a financial advisor before making any investment decisions.

What is the best strategy to trade crude oil ?

When it comes to forex trading in India, there is lot of speculation specially when a matter of legality or illegality comes into picture. OctaFX and many other Forex brokers have quick gain popularity over the lock down periods wherein everyone was trying to make a living. 
These companies were chosen by most of the traders to trade the markets. However, due to lack of clarity in the legal framework or the ignorance of laws with the Indian community, no one bothered to check the technicalities of trading with this firms. For the first time in the year 2022, several notifications have been issued by Reserve Bank of India which is the central bank of India which dictates and monitors all the financial conduct of the financial activities occurring in India. 
In such an event Enforcement Directorate has frozen bank accounts of OctaFX for illegal online forex trading. This has been a shocker for majority of traders who are trading with them. The enforcement directorate claims that they have frozen the bank accounts, of OCTAFX and its related entities because they were providing forex platform illegally in India which was violating foreign exchange management act and the total sum of money freezed was to a tune of 21,00,00,000 INR.
 The Reserve Bank of India released an alert list containing the names of 34 entities, including OctaFX and many other dealers in forex which provides us trading platforms in the country, legal action under FEMA, if charged for an Indian citizen who resides in India and who undertakes foreign transactions with non-regulated entities shall be punished under FEMA violation so it’s an alarming situation for Indian citizens, electronic trading platforms which are not regulated by any financial or monitory conduct authorities in India may be punishable under FEMA act of 1999. So it’s must for traders and investors to firstly check the legalities with the countries Law point of view stay tuned and stay well informed.

Information Credits :- 
https://www.livemint.com/news/ed-freezes-octafx-s-bank-account-for-illegal-online-forex-trading-11664449352860.html


Is trading with OCTA FX Legal in INDIA ?

Have you been intrigued by various terminologies related to Finance Market? What is a Market? What happens at a market? What do people trade etc etc? 
if yes, then this article will help you make sense of this huge ocean. 

The 'Market' is a huge and overwhelming place for an investor when he/she sees multiple indexes, exchanges, stock categories etc. To understand it better we need to first learn about various markets and their relations in the finance world. Step by step, let us understand some basic terminologies .

Commodity : a commodity is a basic good used in commerce that is interchangeable with other goods of the same type. It is usually referred to as raw material used to make the finished product. 

Bond : a bond is loan from an investor to a borrower such as a company or government. The borrower uses the money to fund its operations, and the investor receives fixed interest on the investment.

Stocks : a form of security which represents a share in the ownership of the issuing company. Companies sell stocks to people to receive the money they need to grow. Investors buy stocks as a way of investment (ways of possibly earning money as the company will grow over a period of time). 

Currencies : is a medium of exchange for goods and services. Money, as we commonly call it, is issued by the government  in form of paper or coins considered at its face value as a method os payment. 


Now that we are clear about these terminologies, let us understand how each market works.

Commodity Market : Commodities include crude oil, natural gas, and gasoline. Precious metals include gold, silver, and platinum. Agricultural products include wheat, corn, soybeans, and livestock. Other commodities you can trade are coffee, sugar, cotton and frozen orange juice. There are two types of Commodities Market 1. Spot Market and 2. Derivative Market. 
For Spot market buyers and sellers exchange cash for the raw commodity they wish to trade. While for Derivatives market, buyers and sellers exchange cash for the right to 'future' delivery of the product. There are three types in this category viz. Forwards, Futures and Options. 

Bond market : Bonds are a type of fixed-income investment. Bond Markets work on basic principal of returning the money borrowed back to the lender in a pre-decided time frame along with a pre-decided interest rate during the tenure, irrespective of the volatility of the market. If the investors hold onto their bond till maturity, they receive their principle money back. There are many bonds which are tax-free and adding bonds in your portfolio helps to diversify it as the risk involved is similar to FD but the returns are potentially more. 

Stock Market : This market works on demand and supply mechanism. If lot of people wish to buy shares of a particular company the stock prices rise. A vast majority of stock trading takes place between investors. If you wish to buy shares of a particular XYZ company from your brokers site, these are what the other investor (not from XYZ company) has chosen to sell. Now by purchasing these shares you become an investor in that XYZ company. 

Currency Market : Also known as Forex Market, it is the largest financial market in the world even larger than stock market. It involves exchanging one national currency against another based on an 'exchange rate'. Exchange rate is the price paid for one currency in exchange of another. There are 180 different types of currencies in the world. However most of the payments and forex trades happen in US Dollars, British Pounds, Japanese Yen, Euro, Australian Dollar, Swiss Franc, Canadian Dollar.  Types of trading in this market are : 1. Spot transactions, Forwards, Swaps and Option contracts. Trading in this market is on  continuously around the world 24/7 for 5 days a week. Market participants use this market to strategise and minimise risk against international currency changes and interest rate risk, by speculating over geo-political events and diversify their portfolios. Global corporations use this market to protect currency risk from foreign transactions. 


Wrapping up : 
Understanding various markets and how they function allows one to choose which market will work best for you based on interest, investing capacity, tolerance to losses and stamina to stay alert about the happenings in the world. Gain knowledge about it and make the right choice. There are also Demo trading options provided by various brokers before you venture into Live-trading. Check out other blogs from ForexOverflow to gain knowledge about other finance terminologies.  

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ForexOverFlow is an international team of Forex analysts and traders. Our goal is to share our knowledge of the Forex World. Forex is as large as the wild Amazon Jungle. Common people can benefit from our website, which we update daily in terms of technical analysis and fundamental analysis. We publish strategies that are simple and yet lucrative for manual traders. We are able to offer Mql4 or Mql5 platform development services. Meta trader 4 or 5 based indicators and expert advisors are available for users. Our developers' charges are fair and realistic.ForexOverFlow is here to bring a revolution to the educational forex industry which will make the masses well informed and well educated by just dedicating a few minutes a day.

Markets : What are they and what do they trade in?  - Commodities, Bonds, Stocks and Currencies

Do you want to learn about Forex trading market but don't have confidence due to lack of knowledge and the risk of loosing real money is high? Worry not!
Forex brokers give an option called Demo Trading where you get the actual feel of trading but with virtual money! Isn't it an excellent option? 

A demo account is a trading account just like a real trading account, with real-life prices, indicators and all the available tools that a live account has for you to learn all the tricks of the trade but without risking your real money.

Once you open a demo account, you will receive virtual money. The purpose of the demo account is to help you demo-trade, practice your trading skills, get familiar with the broker’s trading platform and get a first-time experience of the dynamic and volatile world of financial markets. It helps you remain stress-free as you aren't using real money to trade. So even if you loose money in the transactions, you will get to experience the emotions but you wouldn't have lost real money, which is a relief. 

When you wish to learn any new skill for eg painting or swimming or driving, just reading about it is not enough. Once you read some basic information, practicing it in real helps grasp the learning. this cycle of reading and applying practical knowledge will eventually build the muscle memory and confidence. Similarly, just reading about Forex market will not give us all the knowledge and make us market ready. Applying that knowledge is equally important and thats where the Demo Trading Account comes in handy. It gives a risk-free platform to apply all that you are learning, a safe play ground to test and experiment before you enter the real market with real money. 
Till you get completely confident about starting a live account, use a Forex broker that provides an unlimited Forex demo account. You can use the demo account with no expiry. Use it till you develop your own trading strategy and trading style. 

Finally when you switch to live trading account, it may take some time to get comfortable. Making profit and loses on demo account will help you feel the emotion to an extent but trading on live account is still a different ball game. While trading on demo account you may make rational decisions as real money is not at stake, but when you switch to live account, maintaining the same cool head will help you make the right decisions. 

Increasing tolerance to loss is another skill one needs to develop to trade in live account. Many a times investors end up making wrong decisions or selling everything when they incur loss. 

All in all, option of demo trading account, whether limited or unlimited, is a great one provided to learn about this domain and develop knowledge base. 

Demo Trading vs Live Trading

There are two ways of investing in Mutual Funds.
a. SIP b. Lumpsum

SIP as we saw in earlier blog is a systematic approach to investing money. It is for those who have salaried income and those who don't wish to keep a track of the market behaviour. They have small amounts of money to invest at regular intervals for a long term duration. 

Lumpsum on the other hand is for those who get a huge chunk of money in one shot via their business. Let us understand this method more in this write up.

So, Lumpsum is basically a method of Mutual Fund investment where investment id made in one go rather than small amounts like in SIP.

Key features of Lumpsum invest includes :

1. Works best during Bull Market. 
2. Works best for long term investment.
3. You hold the control over investments rather than a bank deciding your investments.
4. Better alternative for a large amount sitting idle in savings account. 

Every investments comes with its own set of risks. One who doesn't get jittery seeing downward market trend will receive benefit in long run from Lumpsum Investment. Study the varied options available and invest wisely as per your requirements. 

After a thorough comparative study of SIP vs. Lumpsum, you can choose the best method for yourself.

![Description](https://res.cloudinary.com/forex-overflow/image/upload/v1664879300/fx-overflow-assets/mnrgiwzw3wteb9ti00g6.png)

Source : BankBazaar

Have a look at Large cap Schemes, Medium Cap Schemes, Multi-cap Schemes, Equity-linked savings schemes for SIP for the comparative study. 

___________________________________________________________________________________________________________________________________________

ForexOverFlow is an international team of Forex analysts and traders. Our goal is to share our knowledge of the Forex World. Forex is as large as the wild Amazon Jungle. Common people can benefit from our website, which we update daily in terms of technical analysis and fundamental analysis. We publish strategies that are simple and yet lucrative for manual traders. We are able to offer Mql4 or Mql5 platform development services. Meta trader 4 or 5 based indicators and expert advisors are available for users. Our developers' charges are fair and realistic.ForexOverFlow is here to bring a revolution to the educational forex industry which will make the masses well informed and well educated by just dedicating a few minutes a day.

Lumpsum Investment - What is it and what are its Benefits?

Systematic Investment Plan (SIP) is an investment route which allows investors invest a fixed amount in a mutual fund scheme at regular intervals viz every week, month, quarterly or yearly. 

Key Features of SIP include:
1. Disciplined Investing
2. Rupee Cost Averaging Approach
3. Power of Compounding
4. Flexibility in the amount being invested every interval.

This disciplined method of investing via the SIP route helps the investor invests in a time-bound manner without worrying about the market dynamics. 
SIP stands to benefit in the long-term due to two approaches it applies:  1. Rupee Cost Averaging and 2. Power of Compounding.

In Rupee cost averaging approach implemented by SIP, one invests a fixed amount of money at regular intervals irrespective of whether the markets are going high or low. This ensures that investors buy more units when the markets are low and lesser units when they are high.

By investing regularly through SIP and by investing for the long term, the benefits are magnified by the compounding effect. Compounding effect ensures that investor earns returns not only on the principal amount (actual investment) but also on the gains on the principal amount i.e. your money grows over time as the money you invest earns returns and the returns also keep earning returns.

Due to any unforeseen circumstance if investor doesn't have the same amount of money to invest in a certain month or chosen time period or receives bonus amount sometime, SIP gives flexible option of changing the amount being invested without any fees. 

SIP is a great option for falling market. A downturn is the ideal time for SIPs to work in investors favour. SIP investments tend to work better in a fluctuating market scenario. As the market hits lows, resulting in a decline in a fund's NAV (Net Asset Value), one ends up buying more units of the fund at a lower price. 

One can start investing with as low as 500/- with SIP. 

Another major benefit of SIP is automated payments option - Once you give standing instructions to your bank, every month, a predetermined amount will automatically be deducted from your bank account for your SIP investment. This way you are free from keeping a tab. 

Before you start investing, know what are your investment goals viz Buying house/car. Saving up for marriage or children's education or studying abroad or retirement plans. Once you understand your goal you can then choose from many mutual funds schemes available.
If you’re looking at achieving your long-term goal, investing in equity funds can be a good option. For achieving short-term goals, you can invest in debt funds and money market funds. Always align your objectives with your risk-appetite before choosing the right plan. 

__________________________________________________________________________________________________________________________

ForexOverFlow is an international team of Forex analysts and traders. Our goal is to share our knowledge of the Forex World. Forex is as large as the wild Amazon Jungle. Common people can benefit from our website, which we update daily in terms of technical analysis and fundamental analysis. We publish strategies that are simple and yet lucrative for manual traders. We are able to offer Mql4 or Mql5 platform development services. Meta trader 4 or 5 based indicators and expert advisors are available for users. Our developers' charges are fair and realistic.ForexOverFlow is here to bring a revolution to the educational forex industry which will make the masses well informed and well educated by just dedicating a few minutes a day.

Systematic Investment Plan - SIP

Nasdaq Stock Market earlier known as NASDAQ, which was an acronym of National Association of Securities Dealers Automated Quotations, was founded on February 8th, 1971. Back then it provided automated information about stocks prices. Investors used this information to trade stocks in other exchanges. Eventually Nasdaq became the first electronic stock market providing trading of those stocks which were traded in places other than formal stock exchanges. 

Today, in order to list their shares on Nasdaq's stock exchange, companies have to meet very specific financial requirement. They need to maintain a stock price of at least $1 and the value of outstanding stocks must total at least $1.1 million. Smaller businesses who cannot to meet the financial requirements, can benefit using NASDAQ Small Caps Market. 
More than 3,300 companies trade on Nasdaq making it the second largest stock exchange in terms of securities value and largest electronic stock market. 
Although Nasdaq is known for its high-tech stocks, it also trades shares in varied companies viz capital goods, consumer durables and nondurables, energy, finance, healthcare, public utilities, technology and transportation. 

Nasdaq Composite is a stock market index that includes almost all the stocks listed on Nasdaq Stock Exchange. It's one of the three most followed indexes in the US. The other two are Dow Jones Industrial Average and S & P 500. It includes high percentage of companies from Information technology sector. 
The Nasdaq Composite is a  market value weighted index. Its price is calculated by taking the sum of the products of closing price and index share of all of the securities in the index. The sum is then divided by a divisor which reduces the order of magnitude of the result. 

Basically, market-value-weighted index is a stock market index whose components are weighted according to the total market value of their outstanding shares. Every day an individual stock's price changes and thereby changes a stock index's value. The impact that individual stock's price change has on the index is proportional to the company's overall market value (the share price multiplied by the number of outstanding shares), in a capitalization-weighted index. In other types of indices, different ratios are used. (source : Wikipedia)

The Nasdaq-100 is one of the world's preeminent large-cap growth indexes. The companies in the Nasdaq-100 include 100-plus of the largest domestic and international non-financial companies listed on the Nasdaq Stock Market based on market capitalisation. The Nasdaq-100 is home to many high-performing companies from popular sectors like technology, healthcare, consumer goods & services, and industrials.


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ForexOverFlow is an international team of Forex analysts and traders. Our goal is to share our knowledge of the Forex World. Forex is as large as the wild Amazon Jungle. Common people can benefit from our website, which we update daily in terms of technical analysis and fundamental analysis. We publish strategies that are simple and yet lucrative for manual traders. We are able to offer Mql4 or Mql5 platform development services. Meta trader 4 or 5 based indicators and expert advisors are available for users. Our developers' charges are fair and realistic.ForexOverFlow is here to bring a revolution to the educational forex industry which will make the masses well informed and well educated by just dedicating a few minutes a day.

Nasdaq Stock Market, Nasdaq Composite Index, Nasdaq 100

NFT's means Non-Fungible Tokens. They are created using similar programming technology as is used for creating Cryptocurrencies. They are unique and hence cannot be replaced or exchanged.

NFT is a digital asset which represents internet collectibles like art, music, poem, photograph, animations, videos etc. One receives an authentic certificate created by blockchain technology. They are very secure and cannot be forged. Specific sites like Openseas, WazirX, Binance etc. help with trading NFT's with help of cryptocurrencies like Bitcoin, Ethereum etc. 

A blockchain is nothing but a distributed public ledger which records all the transactions. Example : When someone creates an art piece, uploads it on the above mentioned platforms, they can put it up for sale for a certain value in cryptocurrency. If someone buys it, the blockchain will have the following information 
a. Name of the original creator, 
b. the price at which it was up for sale
c. the new owner and the price for which he/she bought.
If the new owner chooses to sell it again, block chain will get updated that the piece is up for sale again with the new price. 
This way, the public ledge will record all the transactions w.r.t that painting. In addition, the original creator will also be eligible for Royalty amount as the painting will keep shifting from one owner to another. 

The main advantage of NFT is its Authenticity. They cannot be exchanged (like physical trump cards or stamps) in real life as each NFT certificate hold unique information about the collectible. They have their own independent transaction history on blockchain. They can only be sold and bought via specialised websites. 

Although we can't say if NFT's are now mainstream, but we can definitely see many celebrities now venturing into this new form of trade and securing their art. Keep a watch on NFT's progress! 



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ForexOverFlow is an international team of Forex analysts and traders. Our goal is to share our knowledge of the Forex World. Forex is as large as the wild Amazon Jungle. Common people can benefit from our website, which we update daily in terms of technical analysis and fundamental analysis. We publish strategies that are simple and yet lucrative for manual traders. We are able to offer Mql4 or Mql5 platform development services. Meta trader 4 or 5 based indicators and expert advisors are available for users. Our developers' charges are fair and realistic.ForexOverFlow is here to bring a revolution to the educational forex industry which will make the masses well informed and well educated by just dedicating a few minutes a day.

NFT - New way to secure your Digital Assets!

Cryptocurrency is a digital currency that is not tied to any country or central bank.

Bitcoin was the first cryptocurrency ever created.It was created in 2009 by a person or group of people using the pseudonym Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! Bitcoin can be used to purchase goods and services online as well as in some physical stores that accept it as payment. Bitcoin has been a popular form of payment for many years now and it is still one of the most valuable cryptocurrencies in the world. It is the most popular and valuable cryptocurrency in the world, with a market capitalization of over $200 billion dollars and over 16 million bitcoins in circulation.
The first reported real-world financial transaction involving Bitcoin took place on May 22, 2010, when a Florida man negotiated 10,000 BTC for two pizzas from Papa John’s.

Cryptocurrencies are also known as digital assets or digital money. They are different from traditional currencies because they don't need a physical form like paper money, coins or metal coins to be used as a means of payment. Cryptocurrencies are instead stored digitally on computers and can be transferred without going through a financial institution (like a bank). This makes them independent from any government and free from regulation by central banks.

In meeting help during September 2021, the FOMC chairman had stated that FED is evaluating if Crytocurrency should be part of mainstream. It is considering creating a central bank digital currency (CBDC). 
However, not all countries were in support of Cryptocurrency due to its high volatile nature. Rather than making it mainstream, complementing it instead of replacing the existing financial system was being considered. 

However, that being said, many Countries kickstarted their explorations and one can see a global map to track the research and progress on CBDC on https://cbdctracker.org/

19 of the G20 countries are exploring a CBDC, with 16 already in development or pilot stage. This includes South Korea, Japan, India, and Russia. Each has made significant progress over past six months.
10 countries have fully launched a digital currency, with China’s pilot set to expand in 2023. Jamaica is the latest country to launch a CBDC, the JAM-DEX. Nigeria, Africa’s largest economy, launched its CBDC in October 2021.
Many countries are exploring alternative international payment systems. The trend is likely to accelerate following financial sanctions on Russia. There are 9 crossborder wholesale (bank-to-bank) CBDC tests and 3 cross-border retail projects.
Of the G7 economies, the US and UK are the furthest behind on CBDC development. The European Central Bank has signaled it will aim to deliver a digital euro by the middle of the decade.
(Source : https://www.atlanticcouncil.org/cbdctracker/ )

For entrepreneurs who have a reach beyond national audience, exchanging funds without hassle of exchange rates and international law will be made possible via Cryptocurrency. There are cryptocurrency companies which assist business owners in Africa to make financial transactions with European, American and Asian Companies. The idea is to create financial freedom through worldwide exchanges. 

For small businesses, Cryptocurrency can benefit in many ways a. by providing low transaction fees compared to credit and debit card, b. the time required for transaction to happen is less and c. increases reach to international audience. 

With a secure blockchain and ledger accounted system, cryptocurrencies reduce the risk of fraud and corruption. They give a lot of freedom to the common man as they can't be manipulated by people or companies or government.
 
Future is definitely looking promising with this new secure financial system. Keep a watch on its progress! 


________________________________________________________________________________________________________________________________________

ForexOverFlow is an international team of Forex analysts and traders. Our goal is to share our knowledge of the Forex World. Forex is as large as the wild Amazon Jungle. Common people can benefit from our website, which we update daily in terms of technical analysis and fundamental analysis. We publish strategies that are simple and yet lucrative for manual traders. We are able to offer Mql4 or Mql5 platform development services. Meta trader 4 or 5 based indicators and expert advisors are available for users. Our developers' charges are fair and realistic.ForexOverFlow is here to bring a revolution to the educational forex industry which will make the masses well informed and well educated by just dedicating a few minutes a day.

Cryptocurrency and it's Economical Impact in the World!

undefined![Description](https://res.cloudinary.com/forex-overflow/image/upload/v1664094524/fx-overflow-assets/zip9uu8sppqmqqobrtcn.png)

Metaquotes, a company that develops trading software for financial markets, posted a message on their website that Apple had removed Metaquotes' Metatrader 4 (MT4) and Metatrader 5 (MT5) from the Apple App Store. When following the link from Metaquotes to download the app from the App Store, users now see a message that "This app is unavailable."

Apple has allowed other apps that allow trading and investing in global equities and other securities, such as Robinhood, E-Trade, Acorns, Stash and Wealthfront to remain on the Apple App Store.

Metaquotes is asking Apple directly why their software was removed from the store.

In reality, nothing has changed on Metaquotes’ side. The app is still available on Android and Windows platforms and is available to download directly from MetaQuotes’ website.

What's going on here? Well, it could be due to Apple's recent crackdown on cryptocurrency exchanges, developers, and ICOs. Although there's been no word from Apple that they're at all concerned with MT5 or MT4.

Investors are in an uproar as Apple has removed Metaquotes' Metatrader 4 (MT4) and Metatrader 5 (MT5) from the Apple App Store. When following the link from Metaquotes to download the app from the App Store, users now see a message saying: "We're sorry. The Metaquotes apps are no longer available on the App Store."

What's going on here? Well, it could be due to Apple's recent crackdown on cryptocurrency exchanges, developers, and ICOs. Although there's been no word from Apple that they're at all concerned with MT5 or MT4.MetaQuotes is petitioning customers to use their mobile website or the Android app, but users report that data is not synchronized properly between sites or apps with TS9 operating on iOS devices, which causes them to have glitches in their data, potentially risking hundreds of thousands of dollars in account balances as they trade while they are away.

One real cause may be assumed that, MetaQuotes has been allowing toxic plugins such as Virtual Dealer which acts as  price speculation mechanism to much extent when used extensively by risk managers during configuration of MetaQuotes Servers of MT4 and MT5. It's' been read over various blogs, that Apple is not comfortable with Metaquotes being negligent on giving its products and services to shady firms which do not follow compliance norms. One of the major causes of 2008 economic crisis was due to the lack of access to accurate and thorough information. There are certain types of malicious players that take advantage of this loophole.A programmer on the MetaQuotes staff came up with an AI "Virtual Dealer" able to execute trades automatically. It is said that in some cases, it may have acted as a price speculation mechanism, which amplified volatility in financial markets and fueled the market crash.

US Senator Dupree who was a staunch supporter of AI was later exposed as a beneficiary of this system. Authorities are still investigating his involvement in this event but he has been condemned for putting personal assets ahead of public welfare by trading on inside information and leading innocent investors towards their doom.

Another rumoured speculation is as the Founders of MetaQuotes are of Russian Federation origin, Apple has taken this step to disallow its products on Apple devices.  

Famous Metaquotes product MT4&MT5 banned on Apple Devices.

Financial independence is the concept of not needing to rely on a salary from a job to finance your lifestyle. It means that you are able to live comfortably without the need for a steady income.

There are many ways you can achieve financial independence, but the most common way is through passive income. Passive income is money earned from an investment that requires little or no work on your part after it has been set up. The most common type of passive income comes from rental properties, which require very little work once they are rented out and the tenant pays their rent automatically each month.

The following is a non-exhaustive list of sources of passive income that potentially yield financial independence.

Bank fixed deposits and monthly income schemes
Business ownership (if the business does not require active operation)
Dividends from stocks, bonds and income trusts
Interest earned from deposit accounts, money market accounts or loans
Life annuity
Notes, including stocks and bonds
Oil leases
Patent licensing
Pensions
Rental property
Royalty from creative works, e.g. photographs, books, patents, music, etc.
Trust deed (real estate)
(Source : Wikipedia)

Another approach towards Financial Independence is via saving and investing. You can save money by cutting down on expenses, like eating out and shopping. You can also invest money, which means you put it in stocks or bonds or other places where it will grow over time.

Simple Living contributes a lot towards gaining Financial Independence over a period of time. 

Here are some books which are good guides to work in this direction :


1.‘The Little Book of Common Sense Investing’ by John C. Bogle

2. ‘A Random Walk Down Wall Street’ by Burton Malkiel
3. ‘The Only Investment Guide You’ll Ever Need’ by Andrew Tobias
4. ‘I Will Teach You to Be Rich’ by Ramit Sethi
5. ‘The 4-Hour Workweek’ by Tim Ferriss
6. Rich Dad Poor Dad by Robert T Kiyosaki
7. Think and Grow Rich by Napolean Hill


Grow Money Not Worry!



__________________________________________________________________________________________________________________________________________

ForexOverFlow is an international team of Forex analysts and traders. Our goal is to share our knowledge of the Forex World. Forex is as large as the wild Amazon Jungle. Common people can benefit from our website, which we update daily in terms of technical analysis and fundamental analysis. We publish strategies that are simple and yet lucrative for manual traders. We are able to offer Mql4 or Mql5 platform development services. Meta trader 4 or 5 based indicators and expert advisors are available for users. Our developers' charges are fair and realistic.ForexOverFlow is here to bring a revolution to the educational forex industry which will make the masses well informed and well educated by just dedicating a few minutes a day.

Financial Independence - Grow Money Not Worry!

 Why Putin Declared a Part Mobilization of the Military Reserve in Russia

1. To bolster military mobilization before the country faces recession due to global oil prices.

2. To prepare for a possible war with Ukraine, Belarus or other countries that have been subject to sanctions by Russia.

3. To set up military bases near Crimea, which Moscow considers part of its traditional sphere of influence and not just Russian territory since 2014 annexation from Ukraine.

4. In response to NATO's buildup on Russia's borders in the past decade and large-scale drills near its borders in May 2016 (Warrior Strike) and September 2016 (Breeze).

5. In preparation for an escalation with US/NATO forces who are constructing an anti-Russia missile defense system in Romania, Poland and other Eastern European nations that could be operational as early as 2018.

