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Forex 101 – Currency Trading Jargon

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How To Start A Blog

Creating a blog couldn’t be easier and yet more complicated in 2020.
There are so many different things to think about, and yet so many different platforms you can use to streamline the process.
Understandably you’ll already have an idea of what you want to write about, I, unfortunately, can’t help you with that, but what I can do is show you how you can set up a killer blog that will drive readers to your website.
We’ll take you through what you’ll need to get started, our five steps to setting your blog up, the best blogging platforms to use, how to get your blog discovered, and the do’s and don’ts of blogging.
But first, we need to establish what type of blog you want to set up.

What type of blog?

Firstly you’ll want to have a goal in mind. What are you aiming to achieve through your blog?
Do you want to pull in more users to your sales pages by writing about your brand, to increase its publicity?
Do you want to build a blog that promotes brands and products from other companies?
Or do you just want to set up a blog documenting your travels around the world?
In order to pick the right software for you, you’ll want to have a grasp before you start of how big this blog is going to be, whether you’re going to monetize it, and what type of blog it’s going to become.
For example, if you’re planning on building an affiliate blogging programme, where you promote other brand’s products and call readers to action to but the products, you’ll be writing a lot of content and will benefit from having a more comprehensive blogging system with lots of plugins to promote sales.
But if you’re looking to just set up a personal, or a personal brand blog talking about yourself and your brand, you may not perhaps need as many comprehensive features as you would if you were building an affiliate blog.
You may also want to build an online portfolio of your work, which could require an entirely different piece of blogging kit, as opposed to the traditional blog that hosts articles and journals.

What you’ll need to get started.

There are 3 key things you’ll need to get up and running.

  1. A blogging platform.
After you’ve identified the type of blog you want to set up, plus whether you’re going to make money from it, you’ll then need to pick a blogging platform tailored to your needs. Many people chose to operate on WordPress as it is one of the most comprehensive blogging systems going, but they forget platforms like Wix and Squarespace that are great for both helping you save and make money and are great options for those who are less tech-savvy and are new to the blogging game. Plus if you’re blogging for business, you might want to think about using LinkedIn for your business blog.
We’ll go into more detail on what blogging platforms are best for your needs shortly, but make sure to keep in mind your objectives and technical experience when choosing the right platform for you.
  1. A hosting platform.
Every website needs a web host to store their website’s information on the internet. A web host is an online service provider that will store your website’s information on one of its online servers. This will put your blog out there to the world. The best web hosts will perform a variety of functions for you, for example, Wix is an all-in-one package that will host your website for you, allow you to register a domain name, and has easy to use website design tools to help you start your blog.
Web hosting can be expensive though so make sure you pick the best value for money host that can cater to the amount of traffic you have running through your website. Check out our post on the 11 best hosting providers. [Insert blog link here]
  1. A domain name.
I’m sure by now you already know what sort of blog you want to set up, whether that’s a travel, blog, a blog accompanying your online store, or perhaps an affiliate marketing product review blog. You’ll have a niche and an idea and now all you need is a name. Every website online has what’s called a domain name. It’s included in the website address at the top of your search bar, for example, our domain name is www.digitalsupermarket.com.
You’ll need to register a domain name after you purchase a hosting plan, to enable customers to find your site quickly and easily. One good tip is to find a hosting platform like Bluehost or GoDaddy that will provide you with a free domain name when you register for one of their web hosting plans as domain registration can be fairly pricey. Pick a great domain name that is easy for customers to read and type into Google so they can find it easier online.
TOP TIP: To increase your blog’s search engine ranking, and to help more people find you on Google, try to pick a domain name that has either a .com or .co.uk ending. These domains often rank a lot higher in Google searches than .org’s, .net’s, and .info’s, and for that reason can be slightly more expensive, yet can help boost your site’s reach and credibility.

The Best Blogging Platforms For You.

There are a wealth of platforms out there catering to all your blogging or online portfolio needs. We have listed some of the main ones below shedding some light on what needs they service and why they might be a great option for you.

WordPress - The best software to give you full customisation.

WordPress is perhaps one of the most renowned blogging platforms in the world, running approximately 35% of the internet. It’s favoured highly by professional bloggers because it gives you total freedom to do whatever you want with your blog. WordPress can help you build your blog using one if its search engine optimised themes, you can customise using its drag and drop website builder tool to create a stunning blog.
What’s more, is you’ll be able to use its professional blogging service to post your content online and take advantage of the hundreds of third party app plugins, you can integrate into your blog, to improve automation, add new features, and drive traffic to your site. The only downside of WordPress is that it can be quite technical and can take some time getting used to, but once you’ve got the hang of things, you’ll have great control over everything on your webpage.
Pros:
Cons:

Wix - Best for monetizing your site.

Wix is probably the most streamlined and easiest blog providers. It’s so simple and easy to use, it’s therefore great for anyone just starting out in the blogging world. You can customise one of its stunning templates with Wix’s drag and drop editor, and then upload blog posts to your site by slotting in pictures, gifs, social media buttons, sidebars, and other widgets that will help your blog stand out.
One of the coolest features about Wix is its marketplace integration, where you can install a whole variety of third-party applications to your blog to provide your users with greater features and usability. Wix is the perfect all-in-one blogging solution to help you easily build a platform to amplify your business to the world, helping you to make more money, but it can also save you a lot of money as it’s cost-efficient plans roll up, web hosting, blog posting, and domain registration all into one product!
Check out our Wix review and our comparison of Wix and Squarespace for a deep dive into Wix’s main blogging features. [Insert link here]
Pros:
Cons:

Squarespace - Best for creating visually stunning blogs.

Squarespace is very similar to Wix, in that it is an all-in-one web building and blogging platform that can help you build a blog you can monetize efficiently. It sets itself aside though through its better design and customisation features, making it one of the best platforms on the marketing if you’re looking to design a visually aesthetic blog. I’d recommend using this platform if you are a business operating in some sort of design, arts, or culinary industry.
Although it offers minimal template options, Squarespace’s templates are works of art and offer you great customization when building your blog. Plus Squarespace offers a great blogging tool that lets you schedule posts and customize your blog to suit more mobile audiences.
Pros:
Cons:

LinkedIn - Best for blogging businesses.

Aside from setting up a blog on your own site, corporate entities can use LinkedIn to enhance and amplify their presence online. LinkedIn has more than 575 million users, most of whom are professionals and members of corporate conglomerates, and you can use this social platform to target some of the most influential people in the world.
If you’re blogging about business this is the perfect platform to use a pre-existing community of people to enhance your social standing. You’ll then be able to build connections and followers on your profile who can easily share your blog on their platform through a couple of simple clicks.
Pros:
Cons:

Instagram - Best for the Artists.

Instagram is one of the biggest blogging sites in the world and without realising it, we are all technically bloggers in some way with our Instagram accounts, right? Ultimately for professional use, it is great for building a portfolio that has some form of visual or graphic eye-catching media around it. Instagram lets you post videos, photos, boomerangs, even write a blog in the photo’s caption if you wanted to!
Best of all, Instagram is free, and you can use its business software to link up your online store, to drag users away from your profile, using its product tagging features, and land them in your online checkouts. Our top tip for using Instagram is to post regularly and keep on the theme of your blog. Don’t go off-piste as you’re followers will catch on quickly and unfollow you. And with 1 billion people using the platform each day, it is a great way to gain people’s attention and build your brand’s presence online.
Pros:
Cons:

The Do’s And Don’ts Of Blogging

Here are a couple of top tips to bear in mind when building your blog to help you create an awesome, lead driven platform.

The Don’ts

Don’t use complicated language too soon.

With that in mind, do include language that your target audience will understand. But remember they are still here to learn, so don’t drop people in at the deep end right away by using complex jargon off the bat. Define terms and spell it out in layman’s terms for people at the outset, and as the post goes on, then introduce more complex writing. Introducing technical jargon at the start of your posts is an instant turn off for most readers.

Don’t waffle - Keep it succinct.

People want to get to the punchline now. 43% of people admit to skimming through blogs to get to the information they need, meaning to get your blogging site converting leads, you need to engage the reader early on and offer information succinctly throughout your post.
Plus don’t make your blog too long. Depending on what you’re writing, a lot of people will see large volumes of text and will switch off immediately. There is no set limit for what a good and bad amount of text is, that’s something you’ll have to figure out per your industry, but from my experience, the shorter, the better.

Don’t make headlines too long.

Also ensure that your headline is not more than 60 characters long. If it gets too long it won’t rank well in search engines and people just won’t want to read it. Check out this headline analysis tool which will analyse the effectiveness of your proposed headlines.

Don’t plagiarise or use credited images.

Copying other people’s work is lazy and can land you in a lot of hot water in extreme cases if you breach a copyright regulation. But it’s also just unfair on the person who has worked hard or been creative to write that work. The same goes for images, people need to make a living from the content and photos they’re taking so don’t steal that off them.

The Do’s

Do write killer headlines.

People are like goldfish. You only have about 3 seconds to get their attention. That’s why it is important to write catchy, funny, and enticing headlines to draw your reader in. One good way to do it is to use the “How To” and “10 Best” strategies. These sorts of titles telling people ‘How to set up a blog’ or ‘the ten best web hosting platforms’ are search engine optimised, lead winning titles that rank highly in Google searches. Try them out and see!

Do post regularly.

The key to creating a great blog that builds leads is posting regularly. Although it is not the best idea to post regularly. Ideally, you want to post 3-4 times a week to get the best influx of traffic to your site. You’ll also want to check out when’s best to post for your target audience, for example, if you’re in the FOREX market, you’ll want to post your blogs perhaps at 8 AM, before the markets open when city workers are on their staring at their phones on their morning commuter trains to the city.

Do share on social media.

Share your content far and wide on your social platforms. Everyone is on social media these days and its outreach is simply phenomenal. That’s why you should always share your posts to your social channels to get greater traffic on your website, and include share buttons all-around your blog to invite your readers to share your articles too!

Do use SEO keywords to drive more traffic.

In a nutshell, SEO keywords are the phrases people put into search engines when they are looking for information on a certain subject. They are how you get found on your website. Depending on what you are writing about, there is always a set of keywords relating to that topic that you can implement, to help you show up higher in people’s google searches. For example, people might regularly search in google, ‘what is the best compost for growing sunflowers?’ When you come to writing about growing sunflowers in your blog, you might want to use these words or incorporate this question into your blog somewhere, to help you rank higher on Google.

Do use call’s to action to take your readers to the next step.

If you don’t challenge your reader at the end of your blog to follow you on Instagram, or check out your sales pages, you’ll never get the leads or sales you are looking for. With that in mind, build compelling calls to action at the end of each of your posts, to pull readers into taking the next step. Check out our post on landing pages to see a couple of cool ways on how to implement calls to action on your site [insert link here].

Do identify a target audience.

People will often tell you to write as though you were in the shoes of the person you’re looking to bring to your website, but it’s true! Identify what type of people you’re writing to, for instance, if you’re writing a business blog about FOREX trading, you’ll write with potential traders in mind who have one eye on the stock market and the other on your blog. Or if you’re a wedding florist, you’ll set your portfolio up to target those people looking to get married in the next year.

Leads, Sales, Results.

Blogging is one of the most influential marketing strategies in the world and the best bloggers can reap some awesome rewards for producing some truly awesome content.
It is fairly straightforward to get started and we advise if you’re a small business, or someone with minimal blogging experience, to try out Wix or Squarespace first before you jump into using more technical platforms like WordPress. Once you’re up and running remember our top tips on what to do and what to avoid when writing your blog. Plus don’t forget to think about optimising and adding useful applications to your site to help you build and grow your content. Check out these 39 awesome blogging tools you can use to drive greater traffic to your site!
Found this article useful? Make sure you share it with your friends on Facebook and Twitter and let us know in the comments if you have any other useful blogging tips.
submitted by digitalsupermarket to u/digitalsupermarket [link] [comments]

Hibiscus Petroleum Berhad (5199.KL)


https://preview.redd.it/gp18bjnlabr41.jpg?width=768&format=pjpg&auto=webp&s=6054e7f52e8d52da403016139ae43e0e799abf15
Download PDF of this article here: https://docdro.id/6eLgUPo
In light of the recent fall in oil prices due to the Saudi-Russian dispute and dampening demand for oil due to the lockdowns implemented globally, O&G stocks have taken a severe beating, falling approximately 50% from their highs at the beginning of the year. Not spared from this onslaught is Hibiscus Petroleum Berhad (Hibiscus), a listed oil and gas (O&G) exploration and production (E&P) company.
Why invest in O&G stocks in this particularly uncertain period? For one, valuations of these stocks have fallen to multi-year lows, bringing the potential ROI on these stocks to attractive levels. Oil prices are cyclical, and are bound to return to the mean given a sufficiently long time horizon. The trick is to find those companies who can survive through this downturn and emerge into “normal” profitability once oil prices rebound.
In this article, I will explore the upsides and downsides of investing in Hibiscus. I will do my best to cater this report to newcomers to the O&G industry – rather than address exclusively experts and veterans of the O&G sector. As an equity analyst, I aim to provide a view on the company primarily, and will generally refrain from providing macro views on oil or opinions about secular trends of the sector. I hope you enjoy reading it!
Stock code: 5199.KL
Stock name: Hibiscus Petroleum Berhad
Financial information and financial reports: https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5199
Company website: https://www.hibiscuspetroleum.com/

Company Snapshot

Hibiscus Petroleum Berhad (5199.KL) is an oil and gas (O&G) upstream exploration and production (E&P) company located in Malaysia. As an E&P company, their business can be basically described as:
· looking for oil,
· drawing it out of the ground, and
· selling it on global oil markets.
This means Hibiscus’s profits are particularly exposed to fluctuating oil prices. With oil prices falling to sub-$30 from about $60 at the beginning of the year, Hibiscus’s stock price has also fallen by about 50% YTD – from around RM 1.00 to RM 0.45 (as of 5 April 2020).
https://preview.redd.it/3dqc4jraabr41.png?width=641&format=png&auto=webp&s=7ba0e8614c4e9d781edfc670016a874b90560684
https://preview.redd.it/lvdkrf0cabr41.png?width=356&format=png&auto=webp&s=46f250a713887b06986932fa475dc59c7c28582e
While the company is domiciled in Malaysia, its two main oil producing fields are located in both Malaysia and the UK. The Malaysian oil field is commonly referred to as the North Sabah field, while the UK oil field is commonly referred to as the Anasuria oil field. Hibiscus has licenses to other oil fields in different parts of the world, notably the Marigold/Sunflower oil fields in the UK and the VIC cluster in Australia, but its revenues and profits mainly stem from the former two oil producing fields.
Given that it’s a small player and has only two primary producing oil fields, it’s not surprising that Hibiscus sells its oil to a concentrated pool of customers, with 2 of them representing 80% of its revenues (i.e. Petronas and BP). Fortunately, both these customers are oil supermajors, and are unlikely to default on their obligations despite low oil prices.
At RM 0.45 per share, the market capitalization is RM 714.7m and it has a trailing PE ratio of about 5x. It doesn’t carry any debt, and it hasn’t paid a dividend in its listing history. The MD, Mr. Kenneth Gerard Pereira, owns about 10% of the company’s outstanding shares.

Reserves (Total recoverable oil) & Production (bbl/day)

To begin analyzing the company, it’s necessary to understand a little of the industry jargon. We’ll start with Reserves and Production.
In general, there are three types of categories for a company’s recoverable oil volumes – Reserves, Contingent Resources and Prospective Resources. Reserves are those oil fields which are “commercial”, which is defined as below:
As defined by the SPE PRMS, Reserves are “… quantities of petroleum anticipated to be commercially recoverable by application of development projects to known accumulations from a given date forward under defined conditions.” Therefore, Reserves must be discovered (by drilling, recoverable (with current technology), remaining in the subsurface (at the effective date of the evaluation) and “commercial” based on the development project proposed.)
Note that Reserves are associated with development projects. To be considered as “commercial”, there must be a firm intention to proceed with the project in a reasonable time frame (typically 5 years, and such intention must be based upon all of the following criteria:)
- A reasonable assessment of the future economics of the development project meeting defined investment and operating criteria; - A reasonable expectation that there will be a market for all or at least the expected sales quantities of production required to justify development; - Evidence that the necessary production and transportation facilities are available or can be made available; and - Evidence that legal, contractual, environmental and other social and economic concerns will allow for the actual implementation of the recovery project being evaluated.
Contingent Resources and Prospective Resources are further defined as below:
- Contingent Resources: potentially recoverable volumes associated with a development plan that targets discovered volumes but is not (yet commercial (as defined above); and) - Prospective Resources: potentially recoverable volumes associated with a development plan that targets as yet undiscovered volumes.
In the industry lingo, we generally refer to Reserves as ‘P’ and Contingent Resources as ‘C’. These ‘P’ and ‘C’ resources can be further categorized into 1P/2P/3P resources and 1C/2C/3C resources, each referring to a low/medium/high estimate of the company’s potential recoverable oil volumes:
- Low/1C/1P estimate: there should be reasonable certainty that volumes actually recovered will equal or exceed the estimate; - Best/2C/2P estimate: there should be an equal likelihood of the actual volumes of petroleum being larger or smaller than the estimate; and - High/3C/3P estimate: there is a low probability that the estimate will be exceeded.
Hence in the E&P industry, it is easy to see why most investors and analysts refer to the 2P estimate as the best estimate for a company’s actual recoverable oil volumes. This is because 2P reserves (‘2P’ referring to ‘Proved and Probable’) are a middle estimate of the recoverable oil volumes legally recognized as “commercial”.
However, there’s nothing stopping you from including 2C resources (riskier) or utilizing 1P resources (conservative) as your estimate for total recoverable oil volumes, depending on your risk appetite. In this instance, the company has provided a snapshot of its 2P and 2C resources in its analyst presentation:
https://preview.redd.it/o8qejdyc8br41.png?width=710&format=png&auto=webp&s=b3ab9be8f83badf0206adc982feda3a558d43e78
Basically, what the company is saying here is that by 2021, it will have classified as 2P reserves at least 23.7 million bbl from its Anasuria field and 20.5 million bbl from its North Sabah field – for total 2P reserves of 44.2 million bbl (we are ignoring the Australian VIC cluster as it is only estimated to reach first oil by 2022).
Furthermore, the company is stating that they have discovered (but not yet legally classified as “commercial”) a further 71 million bbl of oil from both the Anasuria and North Sabah fields, as well as the Marigold/Sunflower fields. If we include these 2C resources, the total potential recoverable oil volumes could exceed 100 million bbl.
In this report, we shall explore all valuation scenarios giving consideration to both 2P and 2C resources.
https://preview.redd.it/gk54qplf8br41.png?width=489&format=png&auto=webp&s=c905b7a6328432218b5b9dfd53cc9ef1390bd604
The company further targets a 2021 production rate of 20,000 bbl (LTM: 8,000 bbl), which includes 5,000 bbl from its Anasuria field (LTM: 2,500 bbl) and 7,000 bbl from its North Sabah field (LTM: 5,300 bbl).
This is a substantial increase in forecasted production from both existing and prospective oil fields. If it materializes, annual production rate could be as high as 7,300 mmbbl, and 2021 revenues (given FY20 USD/bbl of $60) could exceed RM 1.5 billion (FY20: RM 988 million).
However, this targeted forecast is quite a stretch from current production levels. Nevertheless, we shall consider all provided information in estimating a valuation for Hibiscus.
To understand Hibiscus’s oil production capacity and forecast its revenues and profits, we need to have a better appreciation of the performance of its two main cash-generating assets – the North Sabah field and the Anasuria field.

North Sabah oil field
https://preview.redd.it/62nssexj8br41.png?width=1003&format=png&auto=webp&s=cd78f86d51165fb9a93015e49496f7f98dad64dd
Hibiscus owns a 50% interest in the North Sabah field together with its partner Petronas, and has production rights over the field up to year 2040. The asset contains 4 oil fields, namely the St Joseph field, South Furious field, SF 30 field and Barton field.
For the sake of brevity, we shall not delve deep into the operational aspects of the fields or the contractual nature of its production sharing contract (PSC). We’ll just focus on the factors which relate to its financial performance. These are:
· Average uptime
· Total oil sold
· Average realized oil price
· Average OPEX per bbl
With regards to average uptime, we can see that the company maintains relative high facility availability, exceeding 90% uptime in all quarters of the LTM with exception of Jul-Sep 2019. The dip in average uptime was due to production enhancement projects and maintenance activities undertaken to improve the production capacity of the St Joseph and SF30 oil fields.
Hence, we can conclude that management has a good handle on operational performance. It also implies that there is little room for further improvement in production resulting from increased uptime.
As North Sabah is under a production sharing contract (PSC), there is a distinction between gross oil production and net oil production. The former relates to total oil drawn out of the ground, whereas the latter refers to Hibiscus’s share of oil production after taxes, royalties and expenses are accounted for. In this case, we want to pay attention to net oil production, not gross.
We can arrive at Hibiscus’s total oil sold for the last twelve months (LTM) by adding up the total oil sold for each of the last 4 quarters. Summing up the figures yields total oil sold for the LTM of approximately 2,075,305 bbl.
Then, we can arrive at an average realized oil price over the LTM by averaging the average realized oil price for the last 4 quarters, giving us an average realized oil price over the LTM of USD 68.57/bbl. We can do the same for average OPEX per bbl, giving us an average OPEX per bbl over the LTM of USD 13.23/bbl.
Thus, we can sum up the above financial performance of the North Sabah field with the following figures:
· Total oil sold: 2,075,305 bbl
· Average realized oil price: USD 68.57/bbl
· Average OPEX per bbl: USD 13.23/bbl

Anasuria oil field
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Doing the same exercise as above for the Anasuria field, we arrive at the following financial performance for the Anasuria field:
· Total oil sold: 1,073,304 bbl
· Average realized oil price: USD 63.57/bbl
· Average OPEX per bbl: USD 23.22/bbl
As gas production is relatively immaterial, and to be conservative, we shall only consider the crude oil production from the Anasuria field in forecasting revenues.

Valuation (Method 1)

Putting the figures from both oil fields together, we get the following data:
https://preview.redd.it/7y6064dq8br41.png?width=700&format=png&auto=webp&s=2a4120563a011cf61fc6090e1cd5932602599dc2
Given that we have determined LTM EBITDA of RM 632m, the next step would be to subtract ITDA (interest, tax, depreciation & amortization) from it to obtain estimated LTM Net Profit. Using FY2020’s ITDA of approximately RM 318m as a guideline, we arrive at an estimated LTM Net Profit of RM 314m (FY20: 230m). Given the current market capitalization of RM 714.7m, this implies a trailing LTM PE of 2.3x.
Performing a sensitivity analysis given different oil prices, we arrive at the following net profit table for the company under different oil price scenarios, assuming oil production rate and ITDA remain constant:
https://preview.redd.it/xixge5sr8br41.png?width=433&format=png&auto=webp&s=288a00f6e5088d01936f0217ae7798d2cfcf11f2
From the above exercise, it becomes apparent that Hibiscus has a breakeven oil price of about USD 41.8863/bbl, and has a lot of operating leverage given the exponential rate of increase in its Net Profit with each consequent increase in oil prices.
Considering that the oil production rate (EBITDA) is likely to increase faster than ITDA’s proportion to revenues (fixed costs), at an implied PE of 4.33x, it seems likely that an investment in Hibiscus will be profitable over the next 10 years (with the assumption that oil prices will revert to the mean in the long-term).

Valuation (Method 2)

Of course, there are a lot of assumptions behind the above method of valuation. Hence, it would be prudent to perform multiple methods of valuation and compare the figures to one another.
As opposed to the profit/loss assessment in Valuation (Method 1), another way of performing a valuation would be to estimate its balance sheet value, i.e. total revenues from 2P Reserves, and assign a reasonable margin to it.
https://preview.redd.it/o2eiss6u8br41.png?width=710&format=png&auto=webp&s=03960cce698d9cedb076f3d5f571b3c59d908fa8
From the above, we understand that Hibiscus’s 2P reserves from the North Sabah and Anasuria fields alone are approximately 44.2 mmbbl (we ignore contribution from Australia’s VIC cluster as it hasn’t been developed yet).
Doing a similar sensitivity analysis of different oil prices as above, we arrive at the following estimated total revenues and accumulated net profit:
https://preview.redd.it/h8hubrmw8br41.png?width=450&format=png&auto=webp&s=6d23f0f9c3dafda89e758b815072ba335467f33e
Let’s assume that the above average of RM 9.68 billion in total realizable revenues from current 2P reserves holds true. If we assign a conservative Net Profit margin of 15% (FY20: 23%; past 5 years average: 16%), we arrive at estimated accumulated Net Profit from 2P Reserves of RM 1.452 billion. Given the current market capitalization of RM 714 million, we might be able to say that the equity is worth about twice the current share price.
However, it is understandable that some readers might feel that the figures used in the above estimate (e.g. net profit margin of 15%) were randomly plucked from the sky. So how do we reconcile them with figures from the financial statements? Fortunately, there appears to be a way to do just that.
Intangible Assets
I refer you to a figure in the financial statements which provides a shortcut to the valuation of 2P Reserves. This is the carrying value of Intangible Assets on the Balance Sheet.
As of 2QFY21, that amount was RM 1,468,860,000 (i.e. RM 1.468 billion).
https://preview.redd.it/hse8ttb09br41.png?width=881&format=png&auto=webp&s=82e48b5961c905fe9273cb6346368de60202ebec
Quite coincidentally, one might observe that this figure is dangerously close to the estimated accumulated Net Profit from 2P Reserves of RM 1.452 billion we calculated earlier. But why would this amount matter at all?
To answer that, I refer you to the notes of the Annual Report FY20 (AR20). On page 148 of the AR20, we find the following two paragraphs:
E&E assets comprise of rights and concession and conventional studies. Following the acquisition of a concession right to explore a licensed area, the costs incurred such as geological and geophysical surveys, drilling, commercial appraisal costs and other directly attributable costs of exploration and appraisal including technical and administrative costs, are capitalised as conventional studies, presented as intangible assets.
E&E assets are assessed for impairment when facts and circumstances suggest that the carrying amount of an E&E asset may exceed its recoverable amount. The Group will allocate E&E assets to cash generating unit (“CGU”s or groups of CGUs for the purpose of assessing such assets for impairment. Each CGU or group of units to which an E&E asset is allocated will not be larger than an operating segment as disclosed in Note 39 to the financial statements.)
Hence, we can determine that firstly, the intangible asset value represents capitalized costs of acquisition of the oil fields, including technical exploration costs and costs of acquiring the relevant licenses. Secondly, an impairment review will be carried out when “the carrying amount of an E&E asset may exceed its recoverable amount”, with E&E assets being allocated to “cash generating units” (CGU) for the purposes of assessment.
On page 169 of the AR20, we find the following:
Carrying amounts of the Group’s intangible assets, oil and gas assets and FPSO are reviewed for possible impairment annually including any indicators of impairment. For the purpose of assessing impairment, assets are grouped at the lowest level CGUs for which there is a separately identifiable cash flow available. These CGUs are based on operating areas, represented by the 2011 North Sabah EOR PSC (“North Sabah”, the Anasuria Cluster, the Marigold and Sunflower fields, the VIC/P57 exploration permit (“VIC/P57”) and the VIC/L31 production license (“VIC/L31”).)
So apparently, the CGUs that have been assigned refer to the respective oil producing fields, two of which include the North Sabah field and the Anasuria field. In order to perform the impairment review, estimates of future cash flow will be made by management to assess the “recoverable amount” (as described above), subject to assumptions and an appropriate discount rate.
Hence, what we can gather up to now is that management will estimate future recoverable cash flows from a CGU (i.e. the North Sabah and Anasuria oil fields), compare that to their carrying value, and perform an impairment if their future recoverable cash flows are less than their carrying value. In other words, if estimated accumulated profits from the North Sabah and Anasuria oil fields are less than their carrying value, an impairment is required.
So where do we find the carrying values for the North Sabah and Anasuria oil fields? Further down on page 184 in the AR20, we see the following:
Included in rights and concession are the carrying amounts of producing field licenses in the Anasuria Cluster amounting to RM668,211,518 (2018: RM687,664,530, producing field licenses in North Sabah amounting to RM471,031,008 (2018: RM414,333,116))
Hence, we can determine that the carrying values for the North Sabah and Anasuria oil fields are RM 471m and RM 668m respectively. But where do we find the future recoverable cash flows of the fields as estimated by management, and what are the assumptions used in that calculation?
Fortunately, we find just that on page 185:
17 INTANGIBLE ASSETS (CONTINUED)
(a Anasuria Cluster)
The Directors have concluded that there is no impairment indicator for Anasuria Cluster during the current financial year. In the previous financial year, due to uncertainties in crude oil prices, the Group has assessed the recoverable amount of the intangible assets, oil and gas assets and FPSO relating to the Anasuria Cluster. The recoverable amount is determined using the FVLCTS model based on discounted cash flows (“DCF” derived from the expected cash in/outflow pattern over the production lives.)
The key assumptions used to determine the recoverable amount for the Anasuria Cluster were as follows:
(i Discount rate of 10%;)
(ii Future cost inflation factor of 2% per annum;)
(iii Oil price forecast based on the oil price forward curve from independent parties; and,)
(iv Oil production profile based on the assessment by independent oil and gas reserve experts.)
Based on the assessments performed, the Directors concluded that the recoverable amount calculated based on the valuation model is higher than the carrying amount.
(b North Sabah)
The acquisition of the North Sabah assets was completed in the previous financial year. Details of the acquisition are as disclosed in Note 15 to the financial statements.
The Directors have concluded that there is no impairment indicator for North Sabah during the current financial year.
Here, we can see that the recoverable amount of the Anasuria field was estimated based on a DCF of expected future cash flows over the production life of the asset. The key assumptions used by management all seem appropriate, including a discount rate of 10% and oil price and oil production estimates based on independent assessment. From there, management concludes that the recoverable amount of the Anasuria field is higher than its carrying amount (i.e. no impairment required). Likewise, for the North Sabah field.
How do we interpret this? Basically, what management is saying is that given a 10% discount rate and independent oil price and oil production estimates, the accumulated profits (i.e. recoverable amount) from both the North Sabah and the Anasuria fields exceed their carrying amounts of RM 471m and RM 668m respectively.
In other words, according to management’s own estimates, the carrying value of the Intangible Assets of RM 1.468 billion approximates the accumulated Net Profit recoverable from 2P reserves.
To conclude Valuation (Method 2), we arrive at the following:

Our estimates Management estimates
Accumulated Net Profit from 2P Reserves RM 1.452 billion RM 1.468 billion

Financials

By now, we have established the basic economics of Hibiscus’s business, including its revenues (i.e. oil production and oil price scenarios), costs (OPEX, ITDA), profitability (breakeven, future earnings potential) and balance sheet value (2P reserves, valuation). Moving on, we want to gain a deeper understanding of the 3 statements to anticipate any blind spots and risks. We’ll refer to the financial statements of both the FY20 annual report and the 2Q21 quarterly report in this analysis.
For the sake of brevity, I’ll only point out those line items which need extra attention, and skip over the rest. Feel free to go through the financial statements on your own to gain a better familiarity of the business.
https://preview.redd.it/h689bss79br41.png?width=810&format=png&auto=webp&s=ed47fce6a5c3815dd3d4f819e31f1ce39ccf4a0b
Income Statement
First, we’ll start with the Income Statement on page 135 of the AR20. Revenues are straightforward, as we’ve discussed above. Cost of Sales and Administrative Expenses fall under the jurisdiction of OPEX, which we’ve also seen earlier. Other Expenses are mostly made up of Depreciation & Amortization of RM 115m.
Finance Costs are where things start to get tricky. Why does a company which carries no debt have such huge amounts of finance costs? The reason can be found in Note 8, where it is revealed that the bulk of finance costs relate to the unwinding of discount of provision for decommissioning costs of RM 25m (Note 32).
https://preview.redd.it/4omjptbe9br41.png?width=1019&format=png&auto=webp&s=eaabfc824134063100afa62edfd36a34a680fb60
This actually refers to the expected future costs of restoring the Anasuria and North Sabah fields to their original condition once the oil reserves have been depleted. Accounting standards require the company to provide for these decommissioning costs as they are estimable and probable. The way the decommissioning costs are accounted for is the same as an amortized loan, where the initial carrying value is recognized as a liability and the discount rate applied is reversed each year as an expense on the Income Statement. However, these expenses are largely non-cash in nature and do not necessitate a cash outflow every year (FY20: RM 69m).
Unwinding of discount on non-current other payables of RM 12m relate to contractual payments to the North Sabah sellers. We will discuss it later.
Taxation is another tricky subject, and is even more significant than Finance Costs at RM 161m. In gist, Hibiscus is subject to the 38% PITA (Petroleum Income Tax Act) under Malaysian jurisdiction, and the 30% Petroleum tax + 10% Supplementary tax under UK jurisdiction. Of the RM 161m, RM 41m of it relates to deferred tax which originates from the difference between tax treatment and accounting treatment on capitalized assets (accelerated depreciation vs straight-line depreciation). Nonetheless, what you should take away from this is that the tax expense is a tangible expense and material to breakeven analysis.
Fortunately, tax is a variable expense, and should not materially impact the cash flow of Hibiscus in today’s low oil price environment.
Note: Cash outflows for Tax Paid in FY20 was RM 97m, substantially below the RM 161m tax expense.
https://preview.redd.it/1xrnwzm89br41.png?width=732&format=png&auto=webp&s=c078bc3e18d9c79d9a6fbe1187803612753f69d8
Balance Sheet
The balance sheet of Hibiscus is unexciting; I’ll just bring your attention to those line items which need additional scrutiny. I’ll use the figures in the latest 2Q21 quarterly report (2Q21) and refer to the notes in AR20 for clarity.
We’ve already discussed Intangible Assets in the section above, so I won’t dwell on it again.
Moving on, the company has Equipment of RM 582m, largely relating to O&G assets (e.g. the Anasuria FPSO vessel and CAPEX incurred on production enhancement projects). Restricted cash and bank balances represent contractual obligations for decommissioning costs of the Anasuria Cluster, and are inaccessible for use in operations.
Inventories are relatively low, despite Hibiscus being an E&P company, so forex fluctuations on carrying value of inventories are relatively immaterial. Trade receivables largely relate to entitlements from Petronas and BP (both oil supermajors), and are hence quite safe from impairment. Other receivables, deposits and prepayments are significant as they relate to security deposits placed with sellers of the oil fields acquired; these should be ignored for cash flow purposes.
Note: Total cash and bank balances do not include approximately RM 105 m proceeds from the North Sabah December 2019 offtake (which was received in January 2020)
Cash and bank balances of RM 90m do not include RM 105m of proceeds from offtake received in 3Q21 (Jan 2020). Hence, the actual cash and bank balances as of 2Q21 approximate RM 200m.
Liabilities are a little more interesting. First, I’ll draw your attention to the significant Deferred tax liabilities of RM 457m. These largely relate to the amortization of CAPEX (i.e. Equipment and capitalized E&E expenses), which is given an accelerated depreciation treatment for tax purposes.
The way this works is that the government gives Hibiscus a favorable tax treatment on capital expenditures incurred via an accelerated depreciation schedule, so that the taxable income is less than usual. However, this leads to the taxable depreciation being utilized quicker than accounting depreciation, hence the tax payable merely deferred to a later period – when the tax depreciation runs out but accounting depreciation remains. Given the capital intensive nature of the business, it is understandable why Deferred tax liabilities are so large.
We’ve discussed Provision for decommissioning costs under the Finance Costs section earlier. They are also quite significant at RM 266m.
Notably, the Other Payables and Accruals are a hefty RM 431m. What do they relate to? Basically, they are contractual obligations to the sellers of the oil fields which are only payable upon oil prices reaching certain thresholds. Hence, while they are current in nature, they will only become payable when oil prices recover to previous highs, and are hence not an immediate cash outflow concern given today’s low oil prices.
Cash Flow Statement
There is nothing in the cash flow statement which warrants concern.
Notably, the company generated OCF of approximately RM 500m in FY20 and RM 116m in 2Q21. It further incurred RM 330m and RM 234m of CAPEX in FY20 and 2Q21 respectively, largely owing to production enhancement projects to increase the production rate of the Anasuria and North Sabah fields, which according to management estimates are accretive to ROI.
Tax paid was RM 97m in FY20 and RM 61m in 2Q21 (tax expense: RM 161m and RM 62m respectively).

Risks

There are a few obvious and not-so-obvious risks that one should be aware of before investing in Hibiscus. We shall not consider operational risks (e.g. uptime, OPEX) as they are outside the jurisdiction of the equity analyst. Instead, we shall focus on the financial and strategic risks largely outside the control of management. The main ones are:
· Oil prices remaining subdued for long periods of time
· Fluctuation of exchange rates
· Customer concentration risk
· 2P Reserves being less than estimated
· Significant current and non-current liabilities
· Potential issuance of equity
Oil prices remaining subdued
Of topmost concern in the minds of most analysts is whether Hibiscus has the wherewithal to sustain itself through this period of low oil prices (sub-$30). A quick and dirty estimate of annual cash outflow (i.e. burn rate) assuming a $20 oil world and historical production rates is between RM 50m-70m per year, which considering the RM 200m cash balance implies about 3-4 years of sustainability before the company runs out of cash and has to rely on external assistance for financing.
Table 1: Hibiscus EBITDA at different oil price and exchange rates
https://preview.redd.it/gxnekd6h9br41.png?width=670&format=png&auto=webp&s=edbfb9621a43480d11e3b49de79f61a6337b3d51
The above table shows different EBITDA scenarios (RM ‘m) given different oil prices (left column) and USD:MYR exchange rates (top row). Currently, oil prices are $27 and USD:MYR is 1:4.36.
Given conservative assumptions of average OPEX/bbl of $20 (current: $15), we can safely say that the company will be loss-making as long as oil remains at $20 or below (red). However, we can see that once oil prices hit $25, the company can tank the lower-end estimate of the annual burn rate of RM 50m (orange), while at RM $27 it can sufficiently muddle through the higher-end estimate of the annual burn rate of RM 70m (green).
Hence, we can assume that as long as the average oil price over the next 3-4 years remains above $25, Hibiscus should come out of this fine without the need for any external financing.
Customer Concentration Risk
With regards to customer concentration risk, there is not much the analyst or investor can do except to accept the risk. Fortunately, 80% of revenues can be attributed to two oil supermajors (Petronas and BP), hence the risk of default on contractual obligations and trade receivables seems to be quite diminished.
2P Reserves being less than estimated
2P Reserves being less than estimated is another risk that one should keep in mind. Fortunately, the current market cap is merely RM 714m – at half of estimated recoverable amounts of RM 1.468 billion – so there’s a decent margin of safety. In addition, there are other mitigating factors which shall be discussed in the next section (‘Opportunities’).
Significant non-current and current liabilities
The significant non-current and current liabilities have been addressed in the previous section. It has been determined that they pose no threat to immediate cash flow due to them being long-term in nature (e.g. decommissioning costs, deferred tax, etc). Hence, for the purpose of assessing going concern, their amounts should not be a cause for concern.
Potential issuance of equity
Finally, we come to the possibility of external financing being required in this low oil price environment. While the company should last 3-4 years on existing cash reserves, there is always the risk of other black swan events materializing (e.g. coronavirus) or simply oil prices remaining muted for longer than 4 years.
Furthermore, management has hinted that they wish to acquire new oil assets at presently depressed prices to increase daily production rate to a targeted 20,000 bbl by end-2021. They have room to acquire debt, but they may also wish to issue equity for this purpose. Hence, the possibility of dilution to existing shareholders cannot be entirely ruled out.
However, given management’s historical track record of prioritizing ROI and optimal capital allocation, and in consideration of the fact that the MD owns 10% of outstanding shares, there is some assurance that any potential acquisitions will be accretive to EPS and therefore valuations.

Opportunities

As with the existence of risk, the presence of material opportunities also looms over the company. Some of them are discussed below:
· Increased Daily Oil Production Rate
· Inclusion of 2C Resources
· Future oil prices exceeding $50 and effects from coronavirus dissipating
Increased Daily Oil Production Rate
The first and most obvious opportunity is the potential for increased production rate. We’ve seen in the last quarter (2Q21) that the North Sabah field increased its daily production rate by approximately 20% as a result of production enhancement projects (infill drilling), lowering OPEX/bbl as a result. To vastly oversimplify, infill drilling is the process of maximizing well density by drilling in the spaces between existing wells to improve oil production.
The same improvements are being undertaken at the Anasuria field via infill drilling, subsea debottlenecking, water injection and sidetracking of existing wells. Without boring you with industry jargon, this basically means future production rate is likely to improve going forward.
By how much can the oil production rate be improved by? Management estimates in their analyst presentation that enhancements in the Anasuria field will be able to yield 5,000 bbl/day by 2021 (current: 2,500 bbl/day).
Similarly, improvements in the North Sabah field is expected to yield 7,000 bbl/day by 2021 (current: 5,300 bbl/day).
This implies a total 2021 expected daily production rate from the two fields alone of 12,000 bbl/day (current: 8,000 bbl/day). That’s a 50% increase in yields which we haven’t factored into our valuation yet.
Furthermore, we haven’t considered any production from existing 2C resources (e.g. Marigold/Sunflower) or any potential acquisitions which may occur in the future. By management estimates, this can potentially increase production by another 8,000 bbl/day, bringing total production to 20,000 bbl/day.
While this seems like a stretch of the imagination, it pays to keep them in mind when forecasting future revenues and valuations.
Just to play around with the numbers, I’ve come up with a sensitivity analysis of possible annual EBITDA at different oil prices and daily oil production rates:
Table 2: Hibiscus EBITDA at different oil price and daily oil production rates
https://preview.redd.it/jnpfhr5n9br41.png?width=814&format=png&auto=webp&s=bbe4b512bc17f576d87529651140cc74cde3d159
The left column represents different oil prices while the top row represents different daily oil production rates.
The green column represents EBITDA at current daily production rate of 8,000 bbl/day; the orange column represents EBITDA at targeted daily production rate of 12,000 bbl/day; while the purple column represents EBITDA at maximum daily production rate of 20,000 bbl/day.
Even conservatively assuming increased estimated annual ITDA of RM 500m (FY20: RM 318m), and long-term average oil prices of $50 (FY20: $60), the estimated Net Profit and P/E ratio is potentially lucrative at daily oil production rates of 12,000 bbl/day and above.
2C Resources
Since we’re on the topic of improved daily oil production rate, it bears to pay in mind the relatively enormous potential from Hibiscus’s 2C Resources. North Sabah’s 2C Resources alone exceed 30 mmbbl; while those from the yet undiagnosed Marigold/Sunflower fields also reach 30 mmbbl. Altogether, 2C Resources exceed 70 mmbbl, which dwarfs the 44 mmbbl of 2P Reserves we have considered up to this point in our valuation estimates.
To refresh your memory, 2C Resources represents oil volumes which have been discovered but are not yet classified as “commercial”. This means that there is reasonable certainty of the oil being recoverable, as opposed to simply being in the very early stages of exploration. So, to be conservative, we will imagine that only 50% of 2C Resources are eligible for reclassification to 2P reserves, i.e. 35 mmbbl of oil.
https://preview.redd.it/mto11iz7abr41.png?width=375&format=png&auto=webp&s=e9028ab0816b3d3e25067447f2c70acd3ebfc41a
This additional 35 mmbbl of oil represents an 80% increase to existing 2P reserves. Assuming the daily oil production rate increases similarly by 80%, we will arrive at 14,400 bbl/day of oil production. According to Table 2 above, this would yield an EBITDA of roughly RM 630m assuming $50 oil.
Comparing that estimated EBITDA to FY20’s actual EBITDA:
FY20 FY21 (incl. 2C) Difference
Daily oil production (bbl/day) 8,626 14,400 +66%
Average oil price (USD/bbl) $68.57 $50 -27%
Average OPEX/bbl (USD) $16.64 $20 +20%
EBITDA (RM ‘m) 632 630 -
Hence, even conservatively assuming lower oil prices and higher OPEX/bbl (which should decrease in the presence of higher oil volumes) than last year, we get approximately the same EBITDA as FY20.
For the sake of completeness, let’s assume that Hibiscus issues twice the no. of existing shares over the next 10 years, effectively diluting shareholders by 50%. Even without accounting for the possibility of the acquisition of new oil fields, at the current market capitalization of RM 714m, the prospective P/E would be about 10x. Not too shabby.
Future oil prices exceeding $50 and effects from coronavirus dissipating
Hibiscus shares have recently been hit by a one-two punch from oil prices cratering from $60 to $30, as a result of both the Saudi-Russian dispute and depressed demand for oil due to coronavirus. This has massively increased supply and at the same time hugely depressed demand for oil (due to the globally coordinated lockdowns being implemented).
Given a long enough timeframe, I fully expect OPEC+ to come to an agreement and the economic effects from the coronavirus to dissipate, allowing oil prices to rebound. As we equity investors are aware, oil prices are cyclical and are bound to recover over the next 10 years.
When it does, valuations of O&G stocks (including Hibiscus’s) are likely to improve as investors overshoot expectations and begin to forecast higher oil prices into perpetuity, as they always tend to do in good times. When that time arrives, Hibiscus’s valuations are likely to become overoptimistic as all O&G stocks tend to do during oil upcycles, resulting in valuations far exceeding reasonable estimates of future earnings. If you can hold the shares up until then, it’s likely you will make much more on your investment than what we’ve been estimating.

Conclusion

Wrapping up what we’ve discussed so far, we can conclude that Hibiscus’s market capitalization of RM 714m far undershoots reasonable estimates of fair value even under conservative assumptions of recoverable oil volumes and long-term average oil prices. As a value investor, I hesitate to assign a target share price, but it’s safe to say that this stock is worth at least RM 1.00 (current: RM 0.45). Risk is relatively contained and the upside far exceeds the downside. While I have no opinion on the short-term trajectory of oil prices, I can safely recommend this stock as a long-term Buy based on fundamental research.
submitted by investorinvestor to SecurityAnalysis [link] [comments]

List of Resources for New/Aspiring Traders

This is a post I made about 5 years ago and I'm reuploading it for visibility. Check back often as this will be getting reformatted and edited over the coming days to make sure it's upto date.
Price Action Attack Map N/A ------------------------------
http://www.forexfactory.com/showthread.php?t=520423 FXLester's guide to price action
http://www.forexfactory.com/showthread.php?t=2331 James16's guide to price action
http://forums.babypips.com/free-forex-trading-systems/58037-price-action-matters.html "Price Action That Matters by Aaron Kruger
https://www.forex4noobs.com/ Forex 4 noobs price action battle plan!
GAMES N/A ------------------------------------------------------
http://chartgame.com/ Personally, i think this is pure genius! I love it, it's an amazing way to brush up on your chart skills and it's actually pretty cool to see how things went. It throws a random chart at you and you have to day trade it, it'll tell you how you did versus a buy & hold strategy and... well it's just really really good!
BLOGS N/A -------------------------------------------------------------------------------------------
https://jkonfx.com/ Technical & fundamental news on currencies. I would advise newer traders not to trade solely on external opinions because that won't cement your own methodology or reasons for trading. Excellent website for if you want an overview of the markets and daily reports. Also includes a trading journal and a lot of media attention.
http://www.stocktradingtogo.com/ A good blog for new traders/ investors. Lot of ‘top 10 lists’ to flick through.
http://www.tradingheroes.com/ This is absolutely amazing! I can't put a value on this! It's one of the best gems of the internet. Podcasts interviewing successful traders, some are notable such as 50pips, Walter Peters & Chris Kapre.
http://www.nobrainertrades.com/ Found this when doing the podcast link below, it's actually really good high quality stuff. Blog based with plenty of educational material.
http://www.chatwithtraders.com A weekly podcast that interviews successful traders. Thank you gumballfrank for this.
http://ftp.traderkingdom.com/ Not had much of a chance to check this out, but first impression are nice!
http://www.forexlive.com Heavily oriented towards fundamentals. Good news portal submitted by WinterTires thanks!
http://www.tradeciety.com/ Heavily visually oriented perfect for beginners! Lots of infographics and info. Submitted by gumballfrank
http://orderflowforex.com/ A blog that focuses on Personal Development as a trader. Absolutely essential. It'll help to focus you on your journey to trading omnipotence!
ONLINE SCHOOLS & LEARNING PORTALS N/A -------------------------------------------------------------------------------
http://theinnercircletrader.com/Tutorials.htm Best tutorials in the world by a secret trillionaire.
http://www.tradimo.com A superb website dedicated to training people to become better investors traders for free.
http://www.babypips.com One of the best free online schools which tracks your progress and teaches you heaps on information. The forum is the gem, where many people keep trade journals and put up their strategies. Don't copy them but borrowing concepts and ideas is good.
http://www.forexpeacearmy.com/forex-forum/forex-military-school-complete-forex-education-pro-banke Unbelievably thorough! Education on forex trading, literally everything is covered.
http://stockcharts.com/school/doku.php?id=chart_school Very wide ranging resource that focuses mainly on technical analysis.
http://www.investopedia.com This should be a given, but seriously – this place is the Wikipedia of trading/ investing.
http://www.swing-trade-stocks.com/swing-trading-basics.html Actually a really good learning resource that mentions psychology and momentum among other things.
http://thepatternsite.com/Psychology.html Really good information on trading psychology – something that often goes unnoticed with beginners.
http://www.finvids.com/ Cool little website with videos on candle patterns and chart patterns.
http://www.fxacademy.com/ Appears to be a free trading academy. Not tried it personally, but it looks really good. With plenty of videos for visual learners.
http://forex-strategies-revealed.com/intro PEOPLE IN NEED OF A STRATEGY CHECK THIS OUT List of strategies, literally everyone you'll ever need.
ARTICLES OF INTEREST N/A -----------------------------------------------------------------------------
http://orderflowforex.com/2014/11/trading-books-proper-orde There's a lot of information out there, it's overwhelming. You might think "Where the hell do I start?!" well here's your answer! The books you have to read... and in what order! Super important for beginners.
http://www.stocktradingtogo.com/2009/05/14/trading-psychology-stages-investor-emotions/ An article on the ’14 stages of investor emotions’ knowing who you are and what is happening to you can lead you to make more calculated decisions.
http://fourhourworkweek.com/2014/10/15/money-master-the-game/ Tim Ferris, author of The 4 Hour Work Week interviews Tony Robbins to find out the success behind the worlds best investors. Talking about morning routines, peak performance & mastering money!
http://www.tradeciety.com/category/trading-blog/ Best trading & investing blogs and articles as picked by tradeciety.com
http://www.forextradetracker.com/blog/understanding-forex-jargon-a-glossary-for-beginners Forex jargon glossary for beginners. Submitted by gumballfrank
http://orderflowforex.com/order-flow-trading/what-is-order-flow-trading/ What is order flow trading? Essential for beginners
FORUMS N/A -------------------------------------------------------------------------------------------------
http://www.forexpeacearmy.com/ Excellent learning resource, main focus is to help avoid people getting scammed.
http://www.trade2win.com/boards/ Massive forum for beginners to talk to more experienced traders – very active community.
http://www.forexfactory.com/forum.php Much like trade2win but more focused towards forex.
http://forums.babypips.com/ Another forum dedicated to forex traders. You'll find people keeping good strategies here, list them via most views first to find the real gems.
MISCELLANEOUS RESOURCES N/A --------------------------------------------------------------------
http://www.forexfactory.com/showthread.php?t=520423 Some beast called Lester showing you how it is! Read this!
http://theinnercircletrader.com/Tutorials.htm If you watch all of these you're already a millionaire!
http://www.forex-warez.com/Free%20Download/ Every book you could ever want on trading, investing, market psychology, strategies etc.
http://www.forextradetracker.com/ SUPER IMPORTANT This website is paramount to your success, still in development but will provide users with an easy way to document trades. Success is determined by your willingness to follow through with the boring bits so keep this one in your bookmarks.
http://www.hotcandlestick.com/candlestick-pattern-flashcard-game.html Super useful Flashcard game that helps you to remember important candlestick patterns.
http://www.hotcandlestick.com/forex_charts.htm Important candlestick patterns that have appeared on the major currency pairs. Good for a quick overview.
http://www.freeonlinetradingeducation.com/chart-school.html Website offering visual illustration & practical applications of popular candlestick patterns.
http://www.hotcandlestick.com/candles.htm Glossary of candlestick patterns.
http://www.incrediblecharts.com/topic/Technical_Analysis Another resource for learning technical analysis. Not particularly thorough but useful for basic concepts.
http://www.forexschoolonline.com/ Market overviews and trading opportunity videos provided, along with educational videos and the like.
http://www.tradersdna.com/education/ Another trading education site focusing more on forex.
submitted by Dannyboi93 to forexit [link] [comments]

Newb looking for some insight

I have a few questions for anyone that would be willing to answer. I only started reading up on forex today, So i don't know any of the jargon and you're probably going to think that i am utterly clueless (well I am) but i wanted to make sure i'm actually understanding it in my head since i don’t actually have anyone in real life to discuss it with.
From what i read, it seems a little too good to be true. Especially the concept of leveraging. since i am only 22 and have very little start up capital, this is very appealing to me.
Q. Leveraging. How exactly does this work? is it as simple as depositing 1k of my own money, so that i can use 100k on trades? and i wouldn’t be able to lose more than my own 1k before the broker would automatically close that trade (so that i wouldn’t lose 50k of someone else’s money)
Q. Just an example (to make sure i got the math right) if i had bought EUUSD today at 7:20 UTC (1.0904) and sold at 8:30 UTC (1.0923) i would have made $192.25 on a 100k trade? Excluding the spread and commission (or whatever they charge you to trade)
Q. Does anyone have any recommended reading material? Or has everything i written so far, shown that i should probably go focus on something else? I don't want to waste my time on something if I’m getting the basics of a system completely wrong in my head.
submitted by Glad-Ranger to Forex [link] [comments]

~50 year old Chinese immigrant mother doesn't think she has any employment options in America - please help

Some context for my mother's situation - after getting a degree in China, she immigrated to the US and was a housewife for about 18 years, during which she basically didn't work at all. Now, in the past seven years to now, she's tried to do stocks but just ended up losing a lot of money. She's recently divorced my father, and had a little over a few thousand dollars to worth with, but she keeps doing stocks and losing money so I'm not sure how long that will last. I've asked her how much she has left, but she refuses to tell me. I've incessantly tried to convince her to stop and find another job, but she's lost hope in her ability to find work in America given her situation, despite what I try to say.
Are there any viable career options for a 50 year old woman who speaks somewhat broken English (she can hold a conversation fine, but she clearly lacks some vocabulary for more complex ideas) and doesn't have any recent job experience? She's recently gotten a life insurance license. She's also shown interest in becoming a pharmacy technician because I've recently become licensed. However, due to her language barrier, lack of job experience, and age, she's ultimately come to give up hope in these ideas.
I'm seriously worried about her deteriorating mental state. She refuses to give up doing stocks because she thinks she has the ability to eventually make money through them, but won't listen to any other ideas because she genuinely believes any job requiring human interaction in the United States is impossible due to her situational barriers.
Any ideas on potential jobs that could potentially coerce her out of her really worrying state of draining money and emotional health to stocks would be greatly appreciated. I'm a 19 year old college student, so I don't know much about job searching or career options, especially for someone in a situation like my mother's.
EDIT: I was not expecting so many people to be kind enough to give their feedback and support - I was expecting at most 20-30 comments, but this is overwhelming. I appreciate and have read every single comment and will continue to do so, thank you guys so much!
Because some have asked questions - We live in California in a place with a decent Chinese population. Her degree is a Bachelor's in Biochemistry, although she says she doesn't remember anything because it has been so long. Her insurance license is in Property-Broker and Casualty broker, and Life, Accident, and Health.
Also some clarification for the stocks because some people been talking about it - She tells me she has worked for some time at a Forex Futures company after passing a trading license test but is now an independent day-trader(Sorry if my jargon is poor, I don't know anything about stocks). This trading license also plays a part in why she's so afraid to step away from stocks despite losing money, she feels like it's a symbol of her potential. Although this post is kind of old now, if anyone here is knowledgeable about stocks, I would greatly appreciate informed input about whether or not and why this is or is not a sustainable source of income.
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The Mechanics of OTIUM Luxury’s OLX Token and Its Lush Offerings

The advent of Bitcoin with the utilization of distributed ledger technology- blockchain, had seen the growth and development of blockchain technology into not just a buzzword or technical jargon, but a technology of epic proportions as it is a modern means of payment through cryptocurrency, which flourishes exponentially with each fiscal year. Various attempts are being made to utilize blockchain technology throughout the financial and economic industries, focusing on smart contracts and decentralized distributed ledger technology. While cryptocurrency is still a relatively promising disposition, it is still very much subject to human-adoption for everyday use; so much so, in fact, OTIUM Luxury is trying to tap into the luxury lifestyle markets with its upcoming token and a host of luxury-based products, services and projects.
It is expected to make a big change. However, unlike the development of blockchain technology, cryptocurrency is still in place. The result of Existing ICO (Initial Coin Offering) mostly turned to be the failure from the lack of preparation as they failed to meet the business proceedings and results which was promised by the ICO after raising funds; thus, this has caused massive financial losses to the ICO investors.
To prevent such project failures and investment losses, OTIUM have completed all related preparations to immediately initiate major business portfolios with aims of achieving genuine, profitable results upon listing OLX tokens. OLX token holders can use OLX tokens for various practical purposes, and some of the revenue generated from the OLX token business will be reinvested into the business development growth to increase the value of OLX tokens.
OTIUM Luxury, under the leadership of its charismatic CEO – Kim Kwang Min, who happens to be the founder and CEO of KERI – the Kim Economic Research Institute in Sejong, South Korea, is South-Korea’s premier luxury brand of malls, products and fintech investment services that prioritises real-economy ecosystem for luxury goods, shopping malls, hotels and other upscale lifestyle amenities. With Kim’s leadership backed by a reputable team of serial entrepreneurs, tech-developers, financial experts and advisors, the OTIUM Luxury stable is now a prominent force to be reckon with in the FinTech industry, as their incubation project produced the acclaimed OLX Coin token.
About OLX Coin token
The OLX Coin is an ERC20 standard token based on the Ethereum blockchain that is issued by Otium. OLX is an innovative digital asset project conceptualized through offline entity support to create a real-economy ecosystem for luxury goods, shopping malls, hotels and other upscale lifestyle amenities. The main utility and aspects of the OLX token is to be used as a form of digital payment currency across East-Asia (Korea, Hong Kong, Singapore) and for cryptocurrency exchange, having being listed with a trading pair in KeriFX, a Futures Exchange forex trading company and research institution in South Korea.
KEY OLX Coin Features
  1. Mobile Payment Service
  2. FX & CFD Trading Service
  3. Smart Contract Based Investment
1. Mobile Payment Service
OLX simplifies the complex payment network and payment structure to provide more opportunities for merchants and customers. Deploying blockchain technology to implement mobile payment services reduces payment processing time and payment fees by replacing the payment agency channels, which was necessary in the existing payment process. The reduction of unnecessary adhoc fees enables merchants to provide more value-added services and better-quality products to their customers, and thus a higher profit margin for merchants themselves. Customers will benefit from savings and obtain more satisfaction this way getting their moneys’ worth without suffering below-par quality of products and services. If a blockchain-based payment service that utilizes OLX tokens is implemented, customers will be able to use OLX tokens for payment of purchases in addition to the existing fiat currencies. OLX tokens will also provide stable usage of OLX tokens through partnerships with global distribution channels, online and offline stores in various countries.
2. Fx & CFD exchange
OLX has signed a platform and liquidity supply agreement with B2BROKER, the world’s third largest FX Liquidity provider by liquidity supply, in June 2019, to utilize OLX tokens as a key currency in FX Margin trades. KERI Limited Hong Kong Corporation, OTIUM’s FX and CFD Exchange, has been established and developed to offer FX Margin trading and CFD trading of cryptocurrencies and futures using OLX tokens.
In addition, 30 billion OLX tokens will be available for rental to major customers who wish to trade FX and CFD at the lowest fee, activating the use of OLX tokens, and 40% of the related profits will be returned to the benefit of OLX token users.
3. Smart Contract based investment
There are two ways to increase the value of OLX tokens:
The first, is an increase in value as OLX tokens will be needed and utilized for various products and services. The Luxury Brands business is the company’s main business criteria that has been operating before, so stable OLX tokens payment service is possible. With regards to FX & CFD trading services, the financial hedge fund business and real estate alternative investment business commences in 2020, making it the largest growth model of the OLX token ecosystem that would increase the value of OLX tokens. OLX already have a global group of financial investment professionals and real estate experts and will continue increasing the value of the OLX token and expand the OLX The second phase is to increase the value of the company. The businesses that OTIUM are focusing on is FX & CFD Exchange, Hedge funds, Real estate, Entertainment, and IT that can apply blockchain smart contract technology will be the prime industries that we will be focusing in. OTIUM constantly looks for real estate investment opportunities in mature markets such as South Korea and Japan in East Asia, while exploring real estate investment opportunities that can expect significant value increases in emerging markets in Southeast Asia.
OTIUM have already verified all achievements and perspectives as a real estate alternative investment expert through partnerships, etc., and combined their capabilities with blockchain smart contracts to condition clauses that require mutual confirmation in real estate contracts, etc.
OLX coin users get the opportunity to make money using the best FX margin trading of 5 trillion a day, conveniently purchase luxury goods through OLX tokens, and join the highest yielding financial and real estate funds with OLX tokens. This is because the core of OTIUM’s goal is the continuous rise in real life use, the creation of real-economy and maintain/increase the value of OLX tokens.
Additionally, OTIUM also plans to provide such services that rent can be automatically paid in OLX tokens through Smart Contracts.
TOKEN UTILIZATION UPDATE On February 1, 2019, OLX Coin signed an MOA with Otium Luxury Goods Store (K-Village Co., Ltd.).
What this means is that you can now pay with OLX Coin directly at Otium Luxury Goods Stores at Sejong Branch and Jeonju Innovation Branch, and various events are provided to users purchasing with OLX Coin.
OTIUM LUXURY MALLS INFO In particular, Otium Luxury Brands Mall is located at 46 Galsan-ro, Iseo-myeon, Wanju-gun, Jeollabuk-do, Korea, while Otium Luxury Brands Mall Sejong is located at 22, Wonang 1-gil, Bugang-myeon, Sejong Special Self-Governing City, Korea. Further plans in the pipeline included opening the largest luxury mall in 31, Sejong headquarters, followed by Otium Luxury Brands Mall in Hong Kong and Singapore by the first quarter of 2020. The online Otium Luxury Brands Mall will be set to launch in the second quarter of 2020.
To provide OLX token users with the convenience of purchasing luxury goods, the token value and pegging mechanism is set to support an equivalent exchange of OLX tokens 1: 1 with OBC (10 KRW) points. Through this OLX will fulfil the responsibilities and pledge as a token-issuer, laying the foundation for solidifying the value of OLX tokens.
In the future, if the demand of OLX token holders is met, the Company will expand the Otium luxury-hall to secure user convenience of OLX token holders anywhere in the world, and will continue to expand the mobile payment service through the partnership.
www.otiumluxury.com
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What Makes a Good Forex Trading Mentor?

What Makes a Good Forex Trading Mentor?
If you are a forex trader (whether a beginner or experienced), you will be aware of the fact that you rarely get a company of fellow traders. The traders who get to have a first- hand and personal interaction with the other experienced traders are either the hotshots who usually work on a bank’s trading desk or the one who is taking care of an investment firm’s primary account. Most of the individual traders need a forex mentor for guidance. It is necessary to have a mentor if you want to climb the ladder of success in forex trading. Finding a trustworthy mentor is also a task in itself. To find one, every trader including you will have to do research by going through books, forex magazines, blogs, forums, etc.
As per the definition, a mentor is described as a trusted guide or counselor. Though to find a genuine mentor in the forex world, you will have to look for various factors to be sure of your choice. If you find difficulty in doing so consider reading the following mentioned qualities of a genuine forex mentor.
1. Should Be Able To Convince You
There are many kinds of people in forex trade, even the ones who know nothing about forex trading. And these are the ones who pose as a forex mentor and victimize the newbie forex traders. By using impressive forex jargon and few trading strategies they scam people into a trap. If you are new to forex trading, never get scammed by such an imposter. Learning jargon of forex trade is no big deal and can be done by a teenage kid too. To be convinced you actually need to know how long this person has been working as a trader and what is his track record.
2. Should Have An Inspiring Personality
Many people would say that a person who is a mentor also must have learned from books of forex trade. And since you too can do the same, then what is the need of a mentor to learn forex trading. The answer to this is simple and it is that it sounds easy to learn by reading a book, but can be quite monotonous. Thus to maintain your enthusiasm you need to have a mentor who has the talent to inspire you. If your mentor cannot inspire you, then it is better to use a book.
A book can teach you trading but how to maintain your cool, how to trade without getting stressed, things like these will only be taught to you by a mentor.
3. A Good Mentor Can Be Trusted By The Students
To be a good forex trader with the help of a mentor, you will have to open up about your trading style and even your private personality to your mentor. You will be able to do this only if you have trust in him or her. Gaining trust is one of the most difficult things in the world and if your mentor can gain your trust, you can consider him or her to be a professional mentor for forex trading.
4. Should Be Able To Back Their Word
To get a student every mentor will give you a word of 100% success rate but since it is known to all how volatile the forex trade market is, how is it possible to always have a winning trade. A mentor who is professional and trustworthy will let you know the facts (both good and ugly). It is the duty of a mentor to guide a newbie about the tough experiences of forex trading, so he or she can make up their mind if this trading is their cup of tea or not.
5. A Genuine Trader Will Teach You How To Trade Without Help
There can be a number of professional mentors but the difference between a true mentor and them is that only a true mentor will also teach you how you will be able to work without help. A pro mentor will only teach you complicated techniques and ask you to come back when you are in trouble, whereas a true mentor will teach you in a way that you will be able to find a way out of a never experienced situation too.
Hafizzat Rusli
Hafizzat Rusli is a mentor who has all these traits. To know about his results with his students, you can visit his website. He offers a forex trading course that has helped students from all parts of the world. To know more about Hafizzat and his courses click this link https://www.hafizzatrusli.com/trading-courses/
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Advice about starting your journey

Forex is an exciting endeavor. The possibilities are endless. If you master it, you may employ yourself for the rest of your life. No bosses. Nowhere to be. On your own program. But it isn’t easy. Most people fail. If you don’t blow out an account, you are ahead of the curve.
I wanted to share a couple of thoughts and resources to help untangle the web for anyone that may be thinking of jumping in.
The first thing you should do is define your risk management plan. What are you willing to lose (in % of your account) on each trade? How long do you want your trades to be open? What are you hoping to profit (in % of your account) on any trade? These questions should help you define your order size in relation to your account size, and your own risk management plan. To make a lot at any time, you can also lose a lot.
(Link to my recent post on risk management here: https://www.reddit.com/Forex/comments/95naqi/a_word_on_risk_management/?st=JKU5FFC9&sh=6f88a375 )
Second. Just as in everyday life, avoid any multi-level marketing scheme like the plague. Most notorious is iML (or i Markets Live), although there are others. If these people were getting rich in the market, they wouldn’t need your money. 10,000 subscribers at $100 bucks a month is $1,000,000. Or $12,000,000 annually. 1,000 subscribers for a year is still over $1,000,000. That is how they are making money. Not by being generous with their forex knowledge.
Read through the education section of babypips.com. It is mentioned on here daily and also in the sidebar. I am not trying to take any credit for that idea. It is the best place to start though and that is a fact.
People often ask about books and additional resources. You can try and over complicate this, but that won’t help you. Read a good book on technical analysis, understand it, and keep it handy. There are many, but I like Technical Analysis of the Financial Markets by John J Murphy.
The number one recommended book on trading psychology is Trading in the Zone by Mark Douglas. I also recommend this strongly.
Be wary of any literature, or trials. Many of them have a small upfront cost, but they are really just a sales pitch for trading systems with promises of riches. These systems are typically expensive. I don’t know of anyone that got rich from one. Do you? If you want to become a day trader, you need to learn to do it yourself.
There are many good websites available for free. You can do your own research. My favorite is DailyFX.com. They have a few articles everyday. They are pretty simple to understand, although it may take some time to learn the jargon.
Also find an economic calendar you like. I typically use forexfactory.com.
You should not need much more than what I’ve mentioned in my post. There is no one book, website, system, MLM scheme or indicator that will make you rich. Learning to understand how the market moves and why the market moves is how you can profit. And if you make a small profit every week, it can compound quickly.
Good luck everyone!
Edit: added a link for anyone interested.
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Starting Forex Trading In 3 Steps

Forex Trading is accessible to all but the question is, how many can continue making profits? People who think of forex trading to be some kind of a gamble are making a big mistake. Forex trading is not based even on 1% luck but totally on the supply and demand, the laws of economics. To be able to work as a professional forex trader it is essential for you to have the understanding of these laws, know forex trading related jargon, and have the basic knowledge of the process of trading in the currency market.
Step 1 To Start Forex Trade - Start Learning The Theory
Starting forex trade without theoretical knowledge can make you feel exactly like finding a needle in a pitch dark room. To make yourself aware of the theory of forex trading you can read books, online articles to teach you the basics, take help from forex trader friends, etc. This can help you but this knowledge can have loopholes. You can have difficulty to understand the implementation of things if you try to learn these things by yourself. The best way to learn these things without consuming a major part of your precious time is by learning from a qualified mentor.
You should know how to choose the right mentor. If you do not do so, you might be paying the fee to an imposter. To see if your mentor is worth the deal, see his performance on his live trades and how the other students are performing. A real deal mentor will never hesitate in showing his performance and the results of the majority of the students will show regular growth. A good mentor only will be able to help you achieve the desired results.
Step 2 To Start Forex Trade - Try And Perfect Your Learning By Trading On A Demo Account
To have the experience that allows you to do things smoothly as a pro forex trader, you should practice your skills on the demo account. The demo accounts are the same as the real accounts. The quotation flows and the trading terms are exact in both. The difference in both is just of the real and virtual money. You have no risk of losing the real money. So in case even if you lose in a trade on the demo account, you do not lose real money, instead, you get a chance to work on your plan and understand where you went wrong.
While you are working on a demo account, it is recommended that you trade regularly. You should see this as training for you to enter in the real trade. The more mistakes you make, the more are your chances of improving them and learning new things. By following this advice you will be able to learn the various kinds of situations that you will have to face in the forex market.
Step 3 To Start Forex Trade - Start Your Real Trading Account
After you are confident about your knowledge about forex trading, you will have to start trading on a real account. Trading on the demo account for a while makes you acquainted with the situations of the market. Though you cannot assume your performance here just based on your demo account’s performance. When real money is at stake the psychology changes for sure. You become more cautious about taking even the smallest of the decisions. To gain confidence here do not start with a big investment. Move towards bigger profits with a slow but steady pace. Also, be ready for a loss at times. Do not get emotionally unbalanced with a loss or even with a win. Both wins and losses are a part of forex trading. The more balanced mindset you have, the better are your chances of being a pro forex trader. Combine a stable mindset with strategies and basics and also keep developing strategies that suit your trading style.
To improve your chances of growth you can start learning forex trade from Hafizzat Rusli. He has developed a forex trading course that has helped various students from different countries. To know more about the trading course and the success stories of Rusli's students, visit https://www.hafizzatrusli.com
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Forex for babies.

Hi. Sorry if this kind of post isn't welcome here, please delete if not allowed.
I am looking for a learning resource for trading in forex, I have never done any kind of trading before, I have never really been 'business minded' and most if not all of the jargon in trading is a foreign language to me. I am looking for a book, a series of videos, anything that can help me learn the absolute basics. Like really Im an idiot when it comes to this stuff, so I need something that is equivalent to explaining to a five year old.
Thank you in advance for your help.
submitted by Thelittlefungi to Forex [link] [comments]

Trading Ranges in the Forex Market

Money management is crucial when it comes to trading forex. Bitcoin Revolution 2 Review Not managing your trades correctly can result in your account being blown before you even stand a chance to reap your rewards and make money from trading. Always control your risk through assigning only a fixed percent of your account size to each trade. Never open a trade that could blow your account if there is even the slightest chance that it may turn out bad.

Choose the style of trading that best suits your personality. There are a wide variety of trading styles which cover all timeframes and there is bound to be one to suit your tastes. If you prefer fast paced and high risk/reward systems, take a look at scalping. If you want something that is much more relaxed and can be managed over several days, perhaps swing trading is for you.Why trust your trading capital to an automated trading robot or software, when with a little time and patience you can trade better and much more profitable than any automated software ever could. Spend some time on honing your trading skills and your trading account may just thank you for doing so.

Trade currency in three easy steps, this is what this article is written to do; help the new retain trader get online and on to the market within a few steps and get them trading. Of course, before all this, there has to be some sort of a disclaimer on trading and the precautions that you need to take. Understand that there is a risk in trading, and that is evident in anything that is done when assuming profits through speculation.
Any market in any condition has risks, and what you need to do is assess how much risk you can take, what the fail safe's are and what you can do to minimise these risks with some careful trading. There is no point simply diving into the deep end of the pool not knowing what is at the bottom, the first step anyone should take before they trade currency is knowing what Forex trading is all about. You should be looking at Forex report cards from all over the world, educating yourself on the jargon and terminologies that are abound when it comes to the paper trade.

https://sleepingsupplements.com/bitcoin-revolution-2-review/
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Hedging - Good, Bad, the Dirty

Communication is all about clarity. We communicate some piece of information, the recipient gets it. Straightforward on the face of it. Speaking about trading will typically be succinct, focused, and very clear when complete.
The ‘audience’ has as many expectations as the speaker though: one should know the context and purpose of the information they are getting to a specific discourse.
I occasionally drop into jargon or analogy. It’s a personal weakness: I assume the audience will have the appropriate context of the situation, and knowledge of the context. It’s also a habit. I was on a recorded line for a decade, and use as few a words as possible in a business situation.
My writing, not so much.
I’ve hesitated to talk much about trading, because of ‘it’. I’ve seen ‘it’ far too often…..’it’ being people using language and jargon of trading without really knowing what they are talking about.
A great example of this is around options. People can pick up the definitions, the verbiage, the ‘lingua franca’ as it were.
Problem is, they have no clue what they are talking about in the whole.
Sure, definitions are known and expounded upon. But the context/situation remains in the abstract to them. Or what they are talking about doesn’t sync with the nature and purpose of the exposure they are taking on. Like talking about that cool new skateboard you’re riding as you're sitting on a bicycle.
This isn’t conceit or hubris - it’s only what I’ve observed. Hence the backstory above.
Speaking with u/modo85 and u/TheJosh last week plugged me in again to professionals face to face, and a recent post about Constellation by a sub got me thinking about trade again. So….I’m going to tackle the most misunderstood word in trade: hedging.
I was taught in business school that a hedge is a ‘risk neutral activity’.
One can find definitions for hedging in many places, and for the most part, they’ll align. What won’t is the people using the term.
Dynegy, Enron, and other companies took on ‘hedging programs’ that were often positions of leverage. Even the word ‘hedge fund’ is a relative misnomer. Looking at some of the bomb craters left behind by a couple of them....they were either simply a ponzi or flavours of insider trading. They weren’t hedging, they were stealing.
So, what’s a hedge?
A risk neutral activity that reduces aggregate risk to a primary exposure.
A Canadian company buying a greenhouse from an American supplier in 4 easy payments over the next 2 years? Great. You’ll have to pay in USD, so, buy forwards in 6 month increments, pay CAD at the time they come due, your forex exposure is gone, and the total cost is known in advance.
The USD/CAD rate might move for or against you during that time.
But that’s the point of a hedge: replace risk with certainty.
A while ago, Westjet bought a strip of jet fuel futures, taking out physical price exposure for (a very long) 2 years. While not unheard of, it’s a pretty big move. If jet fuel prices tank, they get to eat the difference. As it happened, jet fuel prices soared, Westjet bought physical with cash and offset the futures gains against it. They enjoyed a 2 year window of serious operational cost advantage, and their share price accretion showed it.
Prescient....or lucky? That’s what business books are written about.
This example might have prompted you to think about another industry where energy is the single largest direct input cost behind headcount (hint: it's cannabis)
Constellation’s entry through the CGC buy is another example of a hedge to myself. Different nature and purpose, but a hedge nonetheless.
In my eyes, STZ sells booze. Weed will impact aggregate sales of booze, with potential to reduce it.
STZ’s buy into the industry is a hedge is to replace dislodged revenue from booze by dope: cannabis exposure will replace these lost revenues, keeping STZ whole.
A hedging program is part of a larger initiative, and plugged directly into the strategic course of the business. It has topline impact.
If you’ve noticed - the Westjet and STZ examples above are for far different underlying purposes - but they are both simply hedges.
Hedging for the retail investor might entail seeking exposure to different provinces, or different links of the value chain, or perhaps within wholesale or retail price exposures.
With hedging, you are seeking to reduce, not enhance, existing exposure.
The other takeaway is (and there is one in here): don’t use terminology and trade terms unless you know exactly what you are talking about, or what the underlying purpose of using it is. It doesn’t matter what someone notices or thinks: any professional can tell pretty quickly if someone knows what they are talking about.
What really matters is that you know what you are actually doing when you take on risk of loss to your capital.
submitted by mollytime to TheCannalysts [link] [comments]

Do you know which medium traders are using to make their trades – mobile, desktop or web based?

Do you know which medium traders are using to make their trades – mobile, desktop or web based?
“Cryptocurrency exchanges” isn’t a jargon anymore (if it is to you, go research!) Although a risky trading as compared to stocks and forex, it is still being adopted by a considerable number of users. The point of discussion here lies in the type of Cryptocurrency Exchange.

There are 3 types of Cryptocurrency Exchanges.

  • Centralized Exchange
  • Decentralized Exchange
  • Hybrid Exchange
To understand the point, you should be thorough with the types of exchanges which you are now. When you are to choose a cryptocurrency exchange for trading, its type also matters along with the key components. So, there was a cryptocurrency exchange evaluation survey conducted by Encrybit which revealed that
https://preview.redd.it/4yuouiuqdzo11.jpg?width=800&format=pjpg&auto=webp&s=a3915d56b3b3f1975b6a37ecef2708e11ce57298
It’s hard to end the debate on which type comes out as a winner. It all depends on you. It easier to derive the most preferable exchange type rather than the best.
So, do your research and Happy trading!!!
Link: https://www.blockasia.io/web-based-cryptocurrency-exchanges-are-the-most-preferred-way-to-trade-survey/
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Basics and Core Concepts of Forex Trading.

There are many ways to go about trading in the Forex markets but no matter how you go about it there are going to be some basics you need to know to be able to trade Forex.
The first is understanding money management. (L2A) How much risk to be taking on positions and how to size your positions to ensure you are taking the correct amount of risk. Learning about how to use stop losses and take profits to get you out of losing trades before they get worse and to bank your profits before the market moves back against you.
Get the hang of these first. How to do the maths to work out what you should be risking, how to size your position to risk that amount and how to place that trade using the trading platform you are using. Before even learning anything about how to pick a trade, learn how to place one that risks an appropriate amount of your capital.
Secondly, you want to decide what type of trader you want to be. Traders typically split into three main groups, known as "swing traders", "day traders" and "scalpers". The main difference between these groups of trades is the amount of time they are in a trade. Swing traders trade over day, weeks and months, day traders are typically in and out on the same day, sometimes running into a second day and scalpers can be in and out of trades in minutes or even seconds.
Which style is suitable for you is going to depend up many variables and you should see how each style of trading matches up with your lifestyle and attitude. For most people it is going to be better starting out with swing trading, or at least holding positions for a few days.
Thirdly, get to know the basic terms and jargon of the analysis type you choose to use most often. Most people in Forex use technical analysis (L2A) to at least some degree so that can be a good place to start.
When learning about technical analysis, there is an extreme overload of information open to you. It is best to initially focus on some core concepts of how a chart tends to form. These core concepts are "support and resistance"(L2A), "markets swings/highs lows", "ranges (L2A)", "breakouts(L2A)" and "trend formations(L2A)".
You will better understand the many of the concepts listed above by first taking some time to learn about "candlesticks", how to read a candle(L2A), its open and close and classic candle patterns(L2A).
With an understanding of these concepts, you should be well set to understand theoretically how the basic ebb and flow of a market works and the stereotypical patterns we see in different market conditions. You won't know enough to be a profitable trader at this point, just the chart will have stopped looking like a bunch of entirely random lines.
Now you can start to learn about various different indicators that may be helpful to you in your analysis and you can start to work on forming trading strategies around them. By this point, you should be getting an idea if really do like trading and if it is something you want to pursue further. If so, you want to start to learn more about the things critical to long term success.
This trading psychology (L2A) and strategy development (L2A). Becoming proficient at understanding the concepts of analysis and spotting trading opportunities can only take you so far, you must also be able to structure this knowledge into quantifiable strategies to aim for consistent long term success.
Also, you need to have the correct psychological understanding of controlling your greed and fear as well as accepting that nothing is ever certain in the Forex markets and sometimes you can be doing everything perfectly (as per your strategy) and just be on a bad run(L2A). You need to learn how to stick to your strategy. Not take impulsive trades.(L2A) Not change the risk you take by making rash decisions.
Once you have this, you can begin to focus on developing your strategy and testing it, improving it and working out its strengths and limitations. You should be tracking your trades and making observations on them that you can later reference and perhaps use to improve the strategy. At this point, many successful trades seem to really zoom in on something. What everyone does varies but it is a common trait of successful trades to be an expert in a small area, rather than a jack of all trades.
Through your learning of the core concepts and then some more advanced ways to enhance them, and your chart time testing these out, you should have gotten a fair idea of what you think works and what you think does not. What set ups you can spot and what ones you can't. What sort of trades suit your trading style and what ones do not. Now you want to pick the very optimum of what you have learned, discard the rest and focus on getting a repeatable set of rules that you can execute 1,000s of trades on over multiple years and it be profitable.
This all takes time and these are the things required to become a Forex trader with your own trading strategies. If these are not things you want to do then you can look to see if you can buy a strategy someone else has made and learn that, or invest with someone. The latter is probably better, since if you do not want to do the things it takes to learn to trade there really is not a lot of point in you trading when someone else can probably do it better for you.
Now See;
Money Management (L2A)Basics of candlesticks (L2A)Support and resistance (L2A)

(L2A) = Link to be added.
submitted by inweedwetrust to Forexnoobs [link] [comments]

I made a list of resources for beginners and experienced traders alike.

Check back often as this is regularly updated.
Price Action Attack Map N/A ------------------------------
http://www.forexfactory.com/showthread.php?t=520423 FXLester's guide to price action
http://www.forexfactory.com/showthread.php?t=2331 James16's guide to price action
http://forums.babypips.com/free-forex-trading-systems/58037-price-action-matters.html "Price Action That Matters by Aaron Kruger
https://www.forex4noobs.com/ Forex 4 noobs price action battle plan!
GAMES N/A ------------------------------------------------------
http://chartgame.com/ Personally, i think this is pure genius! I love it, it's an amazing way to brush up on your chart skills and it's actually pretty cool to see how things went. It throws a random chart at you and you have to day trade it, it'll tell you how you did versus a buy & hold strategy and... well it's just really really good!
BLOGS N/A -------------------------------------------------------------------------------------------
https://jkonfx.com/ Technical & fundamental news on currencies. I would advise newer traders not to trade solely on external opinions because that won't cement your own methodology or reasons for trading. Excellent website for if you want an overview of the markets and daily reports. Also includes a trading journal and a lot of media attention.
http://www.stocktradingtogo.com/ A good blog for new traders/ investors. Lot of ‘top 10 lists’ to flick through.
http://www.tradingheroes.com/ This is absolutely amazing! I can't put a value on this! It's one of the best gems of the internet. Podcasts interviewing successful traders, some are notable such as 50pips, Walter Peters & Chris Kapre.
http://www.nobrainertrades.com/ Found this when doing the podcast link below, it's actually really good high quality stuff. Blog based with plenty of educational material.
http://www.chatwithtraders.com A weekly podcast that interviews successful traders. Thank you gumballfrank for this.
http://ftp.traderkingdom.com/ Not had much of a chance to check this out, but first impression are nice!
http://www.forexlive.com Heavily oriented towards fundamentals. Good news portal submitted by WinterTires thanks!
http://www.tradeciety.com/ Heavily visually oriented perfect for beginners! Lots of infographics and info. Submitted by gumballfrank
http://orderflowforex.com/ A blog that focuses on Personal Development as a trader. Absolutely essential. It'll help to focus you on your journey to trading omnipotence!
ONLINE SCHOOLS & LEARNING PORTALS N/A -------------------------------------------------------------------------------
http://theinnercircletrader.com/Tutorials.htm Best tutorials in the world by a secret trillionaire.
http://www.tradimo.com A superb website dedicated to training people to become better investors traders for free.
http://www.babypips.com One of the best free online schools which tracks your progress and teaches you heaps on information. The forum is the gem, where many people keep trade journals and put up their strategies. Don't copy them but borrowing concepts and ideas is good.
http://www.forexpeacearmy.com/forex-forum/forex-military-school-complete-forex-education-pro-banke Unbelievably thorough! Education on forex trading, literally everything is covered.
http://stockcharts.com/school/doku.php?id=chart_school Very wide ranging resource that focuses mainly on technical analysis.
http://www.investopedia.com This should be a given, but seriously – this place is the Wikipedia of trading/ investing.
http://www.swing-trade-stocks.com/swing-trading-basics.html Actually a really good learning resource that mentions psychology and momentum among other things.
http://thepatternsite.com/Psychology.html Really good information on trading psychology – something that often goes unnoticed with beginners.
http://www.finvids.com/ Cool little website with videos on candle patterns and chart patterns.
http://www.fxacademy.com/ Appears to be a free trading academy. Not tried it personally, but it looks really good. With plenty of videos for visual learners.
http://forex-strategies-revealed.com/intro PEOPLE IN NEED OF A STRATEGY CHECK THIS OUT List of strategies, literally everyone you'll ever need.
ARTICLES OF INTEREST N/A -----------------------------------------------------------------------------
http://orderflowforex.com/2014/11/trading-books-proper-orde There's a lot of information out there, it's overwhelming. You might think "Where the hell do I start?!" well here's your answer! The books you have to read... and in what order! Super important for beginners.
http://www.stocktradingtogo.com/2009/05/14/trading-psychology-stages-investor-emotions/ An article on the ’14 stages of investor emotions’ knowing who you are and what is happening to you can lead you to make more calculated decisions.
http://fourhourworkweek.com/2014/10/15/money-master-the-game/ Tim Ferris, author of The 4 Hour Work Week interviews Tony Robbins to find out the success behind the worlds best investors. Talking about morning routines, peak performance & mastering money!
http://www.tradeciety.com/category/trading-blog/ Best trading & investing blogs and articles as picked by tradeciety.com
http://www.forextradetracker.com/blog/understanding-forex-jargon-a-glossary-for-beginners Forex jargon glossary for beginners. Submitted by gumballfrank
http://orderflowforex.com/order-flow-trading/what-is-order-flow-trading/ What is order flow trading? Essential for beginners
FORUMS N/A -------------------------------------------------------------------------------------------------
http://www.forexpeacearmy.com/ Excellent learning resource, main focus is to help avoid people getting scammed.
http://www.trade2win.com/boards/ Massive forum for beginners to talk to more experienced traders – very active community.
http://www.forexfactory.com/forum.php Much like trade2win but more focused towards forex.
http://forums.babypips.com/ Another forum dedicated to forex traders. You'll find people keeping good strategies here, list them via most views first to find the real gems.
MISCELLANEOUS RESOURCES N/A --------------------------------------------------------------------
http://www.forexfactory.com/showthread.php?t=520423 Some beast called Lester showing you how it is! Read this!
http://theinnercircletrader.com/Tutorials.htm If you watch all of these you're already a millionaire!
http://www.forex-warez.com/Free%20Download/ Every book you could ever want on trading, investing, market psychology, strategies etc.
http://www.forextradetracker.com/ SUPER IMPORTANT This website is paramount to your success, still in development but will provide users with an easy way to document trades. Success is determined by your willingness to follow through with the boring bits so keep this one in your bookmarks.
http://www.hotcandlestick.com/candlestick-pattern-flashcard-game.html Super useful Flashcard game that helps you to remember important candlestick patterns.
http://www.hotcandlestick.com/forex_charts.htm Important candlestick patterns that have appeared on the major currency pairs. Good for a quick overview.
http://www.freeonlinetradingeducation.com/chart-school.html Website offering visual illustration & practical applications of popular candlestick patterns.
http://www.hotcandlestick.com/candles.htm Glossary of candlestick patterns.
http://www.incrediblecharts.com/topic/Technical_Analysis Another resource for learning technical analysis. Not particularly thorough but useful for basic concepts.
http://www.forexschoolonline.com/ Market overviews and trading opportunity videos provided, along with educational videos and the like.
http://www.tradersdna.com/education/ Another trading education site focusing more on forex.
Edit - I've spent about 2 hours making this now. I hope you guys find it useful! I'll continue to update it and may you all find trading success. If you want to help me out spread the link! put it on forums or share it with friends. Good luck to you all and happy trading!
Edit 2 - My brain is fryed... time for a rest.
Edit 3 Once I've categorized this post making it easier to navigate i'll be adding books to read, videos to watch & the traders that will help on your journey to self-sufficiency. Happy trading everybody!
Edit 4 Moved the podcasts into the comments so there is more room here for extra sites.
submitted by Dannyboi93 to Forex [link] [comments]

Fundamentals of Trading

Fundamentals of Trading submitted by Enrich_Broking to u/Enrich_Broking [link] [comments]

I made a list of resources for beginners.

Check back often as this is regularly updated.
BLOGS N/A -------------------------------------------------------------------------------------------
https://jkonfx.com/ Technical & fundamental news on currencies. I would advise newer traders not to trade solely on external opinions because that won't cement your own methodology or reasons for trading. Excellent website for if you want an overview of the markets and daily reports. Also includes a trading journal and a lot of media attention.
http://www.stocktradingtogo.com/ A good blog for new traders/ investors. Lot of ‘top 10 lists’ to flick through.
http://www.tradingheroes.com/ This is absolutely amazing! I can't put a value on this! It's one of the best gems of the internet. Podcasts interviewing successful traders, some are notable such as 50pips, Walter Peters & Chris Kapre.
http://www.nobrainertrades.com/ Found this when doing the podcast link below, it's actually really good high quality stuff. Blog based with plenty of educational material.
http://www.chatwithtraders.com A weekly podcast that interviews successful traders. Thank you gumballfrank for this.
http://ftp.traderkingdom.com/ Not had much of a chance to check this out, but first impression are nice!
http://www.forexlive.com Heavily oriented towards fundamentals. Good news portal submitted by WinterTires thanks!
http://www.tradeciety.com/ Heavily visually oriented perfect for beginners! Lots of infographics and info. Submitted by gumballfrank
ONLINE SCHOOLS & LEARNING PORTALS N/A -------------------------------------------------------------------------------
http://www.tradimo.com A superb website dedicated to training people to become better investors traders for free.
http://www.babypips.com One of the best free online schools which tracks your progress and teaches you heaps on information. The forum is the gem, where many people keep trade journals and put up their strategies. Don't copy them but borrowing concepts and ideas is good.
http://www.forexpeacearmy.com/forex-forum/forex-military-school-complete-forex-education-pro-banke Unbelievably thorough! Education on forex trading, literally everything is covered.
http://stockcharts.com/school/doku.php?id=chart_school Very wide ranging resource that focuses mainly on technical analysis.
http://www.investopedia.com This should be a given, but seriously – this place is the Wikipedia of trading/ investing.
http://www.swing-trade-stocks.com/swing-trading-basics.html Actually a really good learning resource that mentions psychology and momentum among other things.
http://thepatternsite.com/Psychology.html Really good information on trading psychology – something that often goes unnoticed with beginners.
http://www.finvids.com/ Cool little website with videos on candle patterns and chart patterns.
http://www.fxacademy.com/ Appears to be a free trading academy. Not tried it personally, but it looks really good. With plenty of videos for visual learners.
ARTICLES OF INTEREST N/A -----------------------------------------------------------------------------
http://www.stocktradingtogo.com/2009/05/14/trading-psychology-stages-investor-emotions/ An article on the ’14 stages of investor emotions’ knowing who you are and what is happening to you can lead you to make more calculated decisions.
http://fourhourworkweek.com/2014/10/15/money-master-the-game/ Tim Ferris, author of The 4 Hour Work Week interviews Tony Robbins to find out the success behind the worlds best investors. Talking about morning routines, peak performance & mastering money!
http://www.tradeciety.com/category/trading-blog/ Best trading & investing blogs and articles as picked by tradeciety.com
http://www.forextradetracker.com/blog/understanding-forex-jargon-a-glossary-for-beginners Forex jargon glossary for beginners. Submitted by gumballfrank
FORUMS N/A -------------------------------------------------------------------------------------------------
http://www.forexpeacearmy.com/ Excellent learning resource, main focus is to help avoid people getting scammed.
http://www.trade2win.com/boards/ Massive forum for beginners to talk to more experienced traders – very active community.
http://www.forexfactory.com/forum.php Much like trade2win but more focused towards forex.
http://forums.babypips.com/ Another forum dedicated to forex traders. You'll find people keeping good strategies here, list them via most views first to find the real gems.
MISCELLANEOUS RESOURCES N/A --------------------------------------------------------------------
http://www.forex-warez.com/Free%20Download/ Every book you could ever want on trading, investing, market psychology, strategies etc.
http://www.forextradetracker.com/ SUPER IMPORTANT This website is paramount to your success, still in development but will provide users with an easy way to document trades. Success is determined by your willingness to follow through with the boring bits so keep this one in your bookmarks.
http://www.hotcandlestick.com/candlestick-pattern-flashcard-game.html Super useful Flashcard game that helps you to remember important candlestick patterns.
http://www.hotcandlestick.com/forex_charts.htm Important candlestick patterns that have appeared on the major currency pairs. Good for a quick overview.
http://www.freeonlinetradingeducation.com/chart-school.html Website offering visual illustration & practical applications of popular candlestick patterns.
http://www.hotcandlestick.com/candles.htm Glossary of candlestick patterns.
http://www.incrediblecharts.com/topic/Technical_Analysis Another resource for learning technical analysis. Not particularly thorough but useful for basic concepts.
http://www.forexschoolonline.com/ Market overviews and trading opportunity videos provided, along with educational videos and the like.
http://www.tradersdna.com/education/ Another trading education site focusing more on forex.
YOUTUBE CHANNELS N/A ------------------------------------------------------
https://www.youtube.com/useJarrattDavisForex Jarratt Davis - plenty of educational videos to help you get your bearings! *Submitted by masudhossain
https://www.youtube.com/useOneStepRemoved Shaun Overton interviews many forex traders to find out why and how they work.
------------------------------------- BELOW ARE PODCASTS FROM TRADING HEROES WEBSITE ----------------------------------------
Podcast Lessons
TTL001 – Pro Trader Interview: Haji Warithu What he attributes his success to, what amount of money you need to start and how to choose an Islamic broker among other stuff.
TTL002 – Full-Time Trader Interview: Jessica Peletier, AKA Rogue Traderette How she lets her partner know there are losses as well as wins. Where she learnt to trade, why CFDs are amazing etc.
TTL003 - Interview with Pro Trader and mentor Chris Lori. His thoughts on backtesting, why being athletic counts, his development and timeline as a trader, how his trading results exploded and what to do if you want to manage funds.
TTL004 – Interview With Pro Trader Adam Jowett The common trait he sees in successful traders, how long it took him to become profitable, the most important trade that made him successful, his favourite books and why they both like Jessica Peletier.
TTL005 Doesn't seem to exist. I'm not joking.
TTL006 – How Colin Jessup Went From Warehouse Worker To Professional Forex Trader And Soon-To-Be Fund Manager A warehouse worker went through his trials and tribulations to be given the offer of managing an $80 million fund. How he started with $800 and no clue what to do, 2 biggest mistakes he sees traders making, how he continues to improve and what has happened to his lifestyle since becoming a full-time trader.
TTL007 – The Inspiring Story Of How Psychologist Walter Peters Quit His Dream Job To Trade Forex Naked For A Living (not what you think) How Walter Peters quit his job to trade forex for a living. This guy trades naked using No indicators
TTL008 – How Lynette Allen Combines Minimalism, Line Charts And Only One Currency Pair To Trade For A Living How Timothy Sykes inspired her, what minimalism is all about and how it's spread to every facet of her life, what her single pair to trade is, what the 2 best traits for successful traders are and plenty more!
TTL009 – How Brian McAboy Leveraged His Engineering Background To Trade And Coach For A Living What plastic bottles have to do with trading, how much money you need to have to be properly funded and go full-time, how much work you have to do and how long it'll take to get there, 2 best traits to have and loads loads more!
TTL010 – How Rafael Veron Taught His Wife To Trade Better Than Fund Managers Can you actually trade from a beach? The use of hypnosis to make him a better trader, the method that works with his psychology, how much you need to get started, how long it took him to become profitable and what he would do differently if he had to start over! plus loads more!
TTL011 – Why (and how) 50 Pips Trades Forex For A Living What does trading have to do with golf? Things you could learn from his students and his opinion on black box systems and fibo retracements.
TTL012 – How A Millionaire’s Intuition Transformed Chris Capre From Yoga Instructor To Professional Forex Trader Personal Favorite I love this guy because he's true and noble. He is philanthropic, offers trading courses that are cheap and really knows what he's talking about. He explains how a 3 second glance can stop you 2nd guessing yourself, how much he made with $3000 in 6 months and plenty more!
TTL013 – Steve From No Brainer Trades And The Only Thing You Need To Remember When Trading What the biggest killer of our accounts is, the cliches that are true, where to find the hidden information amongst many other things.
TTL014 – How Casey Stubbs Went From Computer Geek To Forex Trader His opinion on EAs, why he trades the way he does and the biggest mistakes to avoid!
TTL015 – Trading For A Living Risking Only 8 To 12 Pips Per Trade: Kim Krompass How she was profitable from the start, her strongest trait, her strong opinion on backtesting and demo accounts, how she lost her fortune and info on her 2 most succesful students.
TTL016 – How Custom Programming Can Help Almost Any Trader With Shaun Overton How to know when you're in the forex dream, lots of info on automated systems and his experience with AI.
TTL017 – Bank Dealer Turned Independent Trader Walter Vannelli Shares His Experience His unique style of meditation, why banks win and how you can fight back, his daily routine and how much you needed to trade in the 80's.
TTL018 – How Reynaldo Soriano Makes A Living Trading 1 Hour A Day Why he holds trading contests, why forex is the best market to learn in, how institutions work and why he stopped day trading.
How A South Central Public School Teacher Became A Successful Forex Trader With Greg McLeod How he's turned some traders around in 30 minutes, why you never trade on a monday, the courses he bought, why he teaches outside the classroom and why he sent his kids to learn chinese.
Edit - I've spent about 2 hours making this now. I hope you guys find it useful! I'll continue to update it and may you all find trading success. If you want to help me out spread the link! put it on forums or share it with friends. Good luck to you all and happy trading!
Edit 2 - My brain is fryed... time for a rest.
Edit 3 Once I've categorized this post making it easier to navigate i'll be adding books to read, videos to watch & the traders that will help on your journey to self-sufficiency. Happy trading everybody!
submitted by Dannyboi93 to Trading [link] [comments]

forex jargon - YouTube 4 Forex terminology — learn the most basics terms - YouTube Forex Trading Course Part 2 (Acronyms and Jargon) - YouTube Tagalog Forex Trading - Forex Acronyms and Jargon Video 5 Understanding Forex Jargon and Trading Terminology  Chapter 2/5 of Part 1  FX Signal Team Forex Jargon, Learn Terms, Industry Speak & Trading Phrases 2. Forex Acronyms and Jargon.mp4 Trading Jargon: The Basic Glossary for the Newbie Trader ... Forex Trade Jargons Trading School: FX Jargon Better Explained [Beginners ...

Professional Forex Trading Terminology. Other important forex jargon terms commonly used in professional forex dealing situations include the following: Bid – The exchange rate that the market maker is willing to purchase the base currency in a currency pair at. Forex Jargon. Markets have a language all their own and within that language, forex has its own dialect. Here are some terms we commonly use in our commentary. The standard unit of forex trading. Contract note A confirmation sent that outlines the exact details of the trade. ... Dealer jargon used to describe a position that has been completely reversed, e.g. you bought $500,000 and then sold $500,000, thereby creating a neutral (flat) position. Follow-through Fresh buying or selling interest after a directional break of a particular price level. The ... Forex Jargon/Terminology PIPS (Price Intercept Point) ... Forex trading is normally conducted with comparatively small margin deposits. This is beneficial since it allows investors to exploit currency exchange rate changes, which tend to be very small. A margin of 1.0% means you can trade up to GBP 1,000,000 even though you only have GBP 10,000 in your account. A margin of 1% corresponds to a ... FOREX JARGON. Trading strategy for forex jargon and experienced investors. Passu On equal footing, no physical exchange of currencies ever takes place. Depending on the trading platform, he has almost 35 years experience on Wall Street. Retraces to the highest level since February 20 As Adam pointed out, here’s a PDF version of the cheat sheet below that you can download and print. forex ... Forex Trading Terminology . The Forex market comes with its very own set of terms and jargon. So, before you go any deeper into learning how to trade the Fx market, it’s important you understand some of the basic Forex terminology that you will encounter on your trading journey… • Basic Forex terms: Forex Event Driven Trading Terms, Forex Jargon, Learn Terms, Industry Speak & Trading Phrases. Event-driven organisation knowledge approach for real-time assimilation of technological and basic evaluation in foreign exchange market. Foreign exchange market is one of the most fluid economic market and the largest market in the world. Foreign exchange market has been analysed using two isolated ... [toc] Forex trading in egypt. Platform will inevitably involves a swath of a sales process to compare stocks and institutional investors. Read the Forex trading terminology jargon pdf company’s stock may be at all ; instead, the norwegian mountain pass that it’s easy to greater than bitcoin, the technology layer security and a budget, pre-encumbrance, encumbrance, and after all, swissborg ... If you’re a beginner in the Forex market, chances are you’ve stumbled upon an article or forum post that include terms such as “pips”, “cross-pairs”, “margin” and others.. Those are basic terms of the Forex market that all traders need to know. We’ve created a list of the most important Forex trading terminology to help get you started in the market.

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forex jargon - YouTube

Learn to trade. Forex Jargon, Learn Terms, Industry Speak & Trading Phrases UKspreadbetting. Loading... Unsubscribe from UKspreadbetting? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 239K ... Trading Jargon: The Basic Glossary for the Newbie Trader. http://www.financial-spread-betting.com/strategies/strategies-tips.html PLEASE LIKE AND SHARE THIS ... #news @ForexYell Join Tyler Yell, CMT as he expands on the core concepts of DailyFX University to help you understand what is needed to build a sustainable t... This video is unavailable. Watch Queue Queue. Watch Queue Queue Welcome Bonus $5 REGISTRO https://goo.gl/yu8Jvs Welcome Bonus $50 REGISTRO https://goo.gl/o1TJBg Looking back on how far we have come, we see a continual ser... Forex Trading - Forex Acronyms and jargon Before you jump to this section 2, please do your best first to finish the 4 videos that discussed the basics of Forex. Video 1 = Forex Trading ... Marketing Slangs & Jargons - Business English ESL Lesson - Duration: 13:21. ... 95% Winning Forex Trading Formula - Beat The Market Maker📈 - Duration: 37:53. TRADE ATS Recommended for you. 37 ... Understanding Forex Jargon and Trading Terminology Chapter 2 of Part 1 FX Signal Team What you learn in this video? Forex Jargon / Terminology PIPS (Pr... Description Learn everything you need to know to start Trading on the Forex Market today! In this course I will show you how you can take advantage of curren...

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