Beware of Scams

Beware of Scams

Wherever there is an opportunity to make money, unscrupulous people are not far behind; they often come up with brilliant schemes to dupe people of their hard-earned money. Hence it is the responsibility of individuals to safeguard their interests. Take the example of the online trading platform which provides an opportunity for the layman to make a foray into the world of trading. This field is rife with scams and innocent and ignorant people are often the victims. Hence, you must do your research and identify genuine platforms like the Q Profit System to dabble in online trading. You can Read more about QProfit System and then decide for yourself if it is a scam or not.

 

The latest scam to hit the people is the phone scam. Despite people becoming more cautious with whose phone calls they attend, they are falling prey to this scam. Close to $9 billion was duped by phone scams in 2017 alone.

 

Why are phone scams on the rise?

People ignore emails that are not from known address and appear fishy; hence email scams have reduced in number but the same is not the case with phone scams. With the amount of technology available currently it is easy to spoof numbers and scammers are doing just that. As a result, even those who do not pick up numbers that they don’t recognize are not safe as the caller ID can be spoofed and made to look familiar.

 

Who is at risk?

It is generally the elderly and the less technically savvy people still rely on their phones for all their communication. So, once they attend a call, the scammers can smooth talk and convince them that they are from the IRS and they have some unpaid tax dues or claim to be next to an accident victim who is a friend or relative. The ideas to cheat are mind-boggling and often they sound so genuine that people fall prey without too much trouble. They often create a sense of urgency and eek out valuable financial information.

 

How can you safeguard your finances?

Of course, the best thing is to not attend any phone calls but it is not practical and you might miss out on the genuine calls of distress. Ideally, if you suspect anything always tell the caller that you will call back before divulging any information. There are several apps that filter scam calls, you can install those and reduce the menace to an extent but to stay really safe you must be alert and not give your credit card details or bank account numbers to anyone under any circumstances.

 

   How do Blockchain and Cryptocurrency work together?

 The very existence of cryptocurrency is through the blockchain technology which is so rampant in the financial trading markets today that less said is more. As a medium of exchange, the cryptocurrency uses the digital and encrypted techniques to verify and create the money to buy, sell and transfer money in digital trading. As cyber currency cryptocurrencies have:

  • no physical form and they exist on virtually
  • there is no central authority monitoring its inflow and outflow
  • being in a decentralized network the regulation on them is not very high
  • It cannot be redeemed or exchanged for other commodities like silver, stocks, etc.
  • use of cryptocurrency has reached a very far network including financial services, healthcare, risk management, government for voting purposes with immediate results  and automotive industries to manage the ownership details

The main purpose for the cryptocurrency market to thrive was the fact that money is not an object anymore, and does not have to be in a physical form which has settled in the minds of traders, investors who are using various trading platforms like Ethereum Code to buy/ sell in the electronic medium. Now once the buying/ selling happen and the profit is booked, where is the money or the coin equivalent? It is simply lying in the exchange and how to claim it into the trader’s account, is just by transferring the coins in the digital wallet which one has to open for holding their keys private without being hacked or stolen.

How blockchain in Cryptocurrency?

  • someone request for a transaction using the blockchain, high power computer network the validation of the transactions happens in the nodes using the algorithms, once verified the transaction becomes either a crypto contract, currency or other data
  • the data once verified creates a new block of ledger, which attaches into the existing blocks which are unalterable and permanent making it a highly transparent and cost-effective way of storing data in the virtual space

Taking advantage of this technology has benefitted the traders, investors and the creators who have worked relentlessly to provide easier modes of using the blockchain technology in their software platforms which enable the users to take the added feature of trading with automated trading robot, and make their life easy while the trading happens in the background of the computer screens.

A Simple Note On Market Maker

A market maker is usually referred to as an exchange sub-firm or say, a member firm which is stamped with the duties to manage and retain the liquidity of a specific instrumental tool and that too for a period depending on the status of Crypto CFD Trader review of quoting bid and sell orders.

Mostly, the type of financial instrument for which a member firm performs market making activities include shares, ETFs, and other structured products.

Organizational strategies of the sub-firm that uplift MMs performance include

  • The member firm must ensure that none of the MM activities mingles with the regular trading errands.
  • It should establish some effective criteria for preventing and controlling the information exchange or else, it can result in market abuse and thereby affecting the performance of MMs works.
  • Moreover, they must clearly avoid any situations of conflict which has the tendency to harm the client interest and hence resulting in a low working activity.
  • Further, they want to keep the record of orders and transactions held till date, in accordance with the rules and regulations of Exchange documents.

The element firm needs to send its members for Exchange employee training in relation to MM facility which includes lectures. Additionally, as qualified personnel, you need to satisfy the following requirements for the success of MM

  • Can perform the activities of a valid broker or investment advisor
  • Productively complete all the pieces of training organized under Exchange

In addition to all these, some technical requirements are needed to be met for increasing the MM skill and includes

  • Usage of advanced application software
  • Perform tasks only via automatic order

How to apply for MM activity?

The sub-firm can apply via two methods

  • TWS or Trader Workstation interface: Here they have to carry out a simulation practice in the testing environment.
  • New or Updated User application: Proceed in accordance with IT sector of brokerage firms.

If the Exchange approves the application, it is further guided to the grant MM status where

  • Data on the consecutive instrument are evaluated
  • The required date on which the member firm anticipate starting working is also noted down
  • And finally, the statement of the firm regarding the previous

information is also validated

Further, the division firm should attach the application for opening and closing of a user account with respect to its employee and must specify the users’ role and the instrument with which he is efficient with market maker trading.

 

 

 

 

Crypto Robot trading website is creating waves everywhere

Steve McKay’s Crypto Robot trading website is creating waves everywhere. All the experts and novices alike are going crazy to join the program as it has proven to be a genuine robotic trading program. If you read the expert opinion about this Bitcoin Loophole software, then you will be convinced as well about the efficiency of the robot and its success rate.

It has been developed and created by a genius and has also managed to win awards for him for its design and smooth functioning. You can see significant wins immediately after joining. I read all the reviews and then only joined as I was convinced about the program’s reliable performance and the safety of my money. I also checked many other reviews and testimonial before actually signing up. The fact is that it is so popular that many people register and they are not able to accommodate all those people. Anyway I was one of the few chosen ones to get the invite after registering so I grabbed the chance and followed the link provided in my mail.

 

The process is very simple.

  1. Register with the basic details
  2. Join by paying the amount of 250 Dollars.
  3. Start trading with the broker allotted to you.

The aspects that attracted me to the program are its reliable interface and the names associated with it. Many websites have impressive trading platforms but they may not have legitimate brokers and then your money may not come back at all. On the other hand, this website has only valid license holders as brokers, who can help you trade online in a cryptocurrency like Bitcoin. The other aspect is the robotic system that performs amazingly well and can make split second decisions for you. Most of the decisions are correct and that ensures that not only your money remains safe but it also earns profits for you consistently, every day.

The robot was another matter altogether and I tried to understand all the implications by reading the instructions. I chose the automated trading mode but if I want I can also choose the manual mode anytime I want. This convenience allows people to relax as they can change between the modes anytime they want to trade using the tips provided by the software.

It is an amazing program and has everything that you may look for in a trading program. Join it after understanding the terms. Do grab the invite if you get one but start slow and steady.

This is my experience with this world class trading software

I was dejected:

And not doing well on the financial front was the main reason.

As if losing my job was not enough, I was being duped continuously by Ponzi schemes that I had bonafide invested in thinking that I could create a corpus for the rainy day in case something went wrong on the job front.

But that was not to be:

Friends and relatives kept harping about software programs that aided trading online in binary options and I kept giving in thinking that when so many people have themselves tried their hand, why not me?

But fate always disappointed!

Leave alone making profits, I could not even retain a minimum balance in the trading account. Only within four or five hours at the maximum my hard earned money to the tune of $250 would evaporate into thin air and I would be searching high and low for some respite. This has happened so many times that I have forgotten precisely how much of my valuable money I have lost to these fraudsters who will not bat an eyelid before they will scam another trader.

I sometimes wonder, if they even have a spine!

These scammers are mind blowing with their criminal modus operandi. They never get tired of stashing all the cash that they loot from the naïve traders who trust them with their eyes closed. I mean this is the worst kind of felony where you scam someone who trusts you and you try to take advantage of their trust. How low can someone even stoop?

The consolation:

But if there was any consolation, then it was in the form of a perfectly legit software called QProfit System feedback for which is extremely positive form me as well as majority of the people who care to leave behind testimonials on the internet and also those who review them objectively on various reviewing sites and also on their personal blogs.

So, what is it that impressed me?

First of all, it is a legit one. And since I zeroed on this one after having hurtled a lot everywhere else, it made sense to me to stick to this one. I had always thought that I must distribute my risks evenly in case perfectly legit software also turned juvenile suddenly. But all the fears were unfounded. I have been trading on this wonderful software for more than two years and each time I have had this feeling that they will never play with anyone’s trust.

I strongly recommend this to anyone who wishes to make a supplementary income. Do check out their website and read the fine print before you begin investing as a precautionary rule anyhow.

Busting the cryptocurrency myths

Cryptocurrencies have been there for close to a decade now. There are various ways in which these convenient digital currencies are being used. They are used for financial transactions to purchase products and services. And they are also being traded like conventional currencies. If the currency that you have purchased soars in its price then you would be able to sell your crypto coins and earn the profit. Are you new to the field of cryptocurrencies? Fear not there are some great cryptocurrency bots. You can even trade cryptocurrencies without actually buying them by investing in CFD trading with cryptocurrencies. If you choose a cryptocurrency and CFD trading robot you would be able to effortlessly begin your journey in crypto trading.

All that being said there are still some myths that are associated with crypto currencies and crypto trading:

  1. You are gambling when you purchase cryptocurrencies

Gambling is very different from trading. With gambling there is the luck factor that determines the winning chances no matter how strong a strategy you have. But with cryptocurrencies it is much similar to trading in stocks. The market volatility is observed and put to good use to make profits from the price changes that occur.

  1. Cryptocurrencies have saturated

It is not too late. It has been several years since these digital currencies were first introduced but they have started gaining momentum very recently. With the massive growth that occurred in the recent years there are measures being considered to stabilize and find a long term plan for these currencies. So if you have still not invested in crypto currencies it is not late.

  1. It is too much of technology to understand

Anything that you do not know about might seem a bit overwhelming at first. The same applies to crypto currencies as well. The technology that lies underneath might be sophisticated. But you would simply have to understand how the ICOs work and how to buy and sell crypto currencies. Once you enter crypto trading it is quite easy to understand.

  1. It is illegal to buy and trade cryptocurrencies

The unstoppable growth of crypto currencies has caught the attention of the major nations. Though there are no regulations surrounding crypto trading in most regions this is not illegal. In fact, considering the growing popularity of crypto trading several nations are now coming forward to regulate and streamline crypto currency systems.

 

Few quick points about the history of cryptocurrency

Cryptocurrency has been one of those trends that everyone wants to try. There are various ICOs now offering different digital coins and there are various global businesses allowing payments through cryptocurrencies. With so much happening in this realm it makes perfect sense to get to the beginning of everything.

From the time a paper on electronic cash system was published to the time where there are bots taking care of the finances and the trading activities, we have come a long way. If you are looking for a reliable source of information about trading bots and crypto trading systems here is a website that would help. Check it out to start trading in cryptocurrencies today.

The precursors

The concept of virtual currencies is not new to us. In facts several businesses have adopted virtual payment methods for decades. We have seen the paperless cash system idea floating around for years. And all these were looked at with scepticism because an asset that is not tangible has inherent security issues. Addressing such vulnerabilities came the system of digital currencies backed by strong cryptography and we call it the cryptocurrencies.

The paper that marked the beginning

Satoshi Nakamoto submitted a paper titled, “Bitcoin: A Peer-to-Peer Electronic Cash System” way back in 2008. The real identity of Satoshi Nakamato is an unresolved mystery till date. As a paper it was admired by critics but then not many were sure about the feasibility of the large scale implementation of such a system. But then in 2009 bitcoin was introduced. By 2010 there were a few transactions that took place. People bought bitcoins and sold them successfully.

Two years down the line the competition began

Rapidly growing, the bitcoins became popular around the world. And in 2011 we saw the introduction of new cryptocurrencies. And this in turn kindled the curiosity of the investors looking for new options. And today there are thousands of different types of digital coins in the market and thus it has led to a lucrative trading system in itself.

Crypto trading bots have changed the game!

Finally the era of automated trading systems began. And this did not leave the crypto trading system untouched. Trading bots and CFD systems that help new crypto traders are available in the market. And there are so many of them to choose from. Given that this has also led to the increase in scams take your pick with caution.

The Future Perception On Gold, Dollar Value And Bitcoins

With more and more cryptocurrencies being introduced since the last decade, the flaws in the other conventional assets are being reduced one by one.

Analysing Dollar Value and other Fiat Money

Some of the beneficial points that are worth mentioning about Bitcoins, which make it unique from its counterparts include:

  1. Complete elimination of a centralized control over the fiat currency and assets. For example minimising the role of the government and the influential lot
  2. Reduction in the rate of inflation in cryptocurrencies, as compared to the steep inflations and deflations created in the market due to USD and gold
  3. Removal of corrupt source such as those from the hands of influential and powerful people who are able to manipulate the value of gold and dollar in different economic times

Analysing Gold

Here is a list of reasons how gold came into existence and later turned out to be one of the most valued assets:

  1. Gold is useful not only as an asset but also as an ornamental object and as a prestige item
  2. It is a heavy asset and hence a divisible asset
  3. It is resilient

However, here is a look at why Bitcoins could slowly replace gold:

  1. In this world of digitalisation, the physicality of gold prevents it from being connected with technology. However, on the other hand, Bitcoins are a by-product of technology.
  2. Gold cannot reform itself to meet the needs of technology. On the contrary, Bitcoins are transparent and decentralized, therefore it can be easily connected with technology and its growing needs.
  3. Another example worth mentioning is that you cannot transport gold instantly from one place to another or from one individual to another without the reliance on some sort of central authority to release gold based on demand at different locations. However, this proves to be a hassle. Bitcoins on the other hand, can be transferred from one place to another almost instantaneously through the Blockchain network.
  4. Although the uses of gold are increasing, it cannot be produced efficiently. However, Bitcoins are highly divisible, even to the smallest fraction.

Overall, it can be concluded that Bitcoins and alternative digital currencies will become the future legal currency regulated by the government itself. This is because Bitcoins and other cryptocurrencies will overcome the flaws that are depicted in the fiat money and in gold, as an asset. The ability of Bitcoins to be digitised is what will be the contributing factor to its success in the future.

Types of robustness that a trading system requires

We are in the age of digital technology dominating every industry possible. Bots are ruling various domains. And trading is no exception. When we talk about using an automated system or a bot there is one benefit that is commonly discussed and that is the robustness of the system that comes with the reliability factor. But with trading there is a thin line between agility of the system and the robustness required. There are volatilities in the market and different instruments react differently to these changes. There are various indices that collate the performance of the markets. And the relationship that each instrument has with these indices might be different. All these factors put together would help a trader take the best trading decisions. There are now various trading systems like HBSwiss.com where beginners can effortlessly trade without even knowing how to trade.

So getting back to the robustness concept, what are the types of robustness that a trading system is expected to incorporate?

Robustness in timeframe

The trading system or a trading strategy that you have developed should be able to give the predicted results no matter which timeframe you choose for it to be called timeframe robust. This is however not possible practically. The incorporated indicators and the decision making strategy might differ for short term movements and long term trends. The essential factor is to pick an ideal timeframe to trade with the chosen system or strategy.

Robust in optimisation

Curve fitting might not be good as the system might not really be future ready when the parameter value changes in the course of time. In trading back testing is only a possible way to test the strategy but a strategy that works with the data from the past might not always work on data in the future. The system that is robust in optimisation would be one that is able to reduce the chances of curve fitting and increase the possibility of optimisation while maximising the objective function.

Robust irrespective of the chosen instrument

As the name indicates this is a system or strategy that gives similar results even if you switch instruments. This is not a favourable situation however. Cryptocurrencies do not function similar to forex trading nor similar to stocks.

So if you really want to meet your goals in trading you should know which type of robustness would be relevant in your system. There might be different market scenarios where each of these robustness types might be useful. Understanding the relationship helps you become a better trader.

 

It was a new online trading program called the Bitcoin Loophole software.

I have been reading about trading systems and cryptocurrencies for a while. It is something that I kept away from as I was not comfortable about investing and trading with unknown people online. I could not trust some random website and strangers when it came to money as I had also read about many scammers. But then I came across a review which really impressed me.

As I said earlier I do not trust websites very easily, but this website appeared pretty genuine and I was taken in by the demo video and the information given on the website. It was a new online trading program called the Bitcoin Loophole software. The program is created with dedication and all the care in the world. It helps people like me and others to trade in cryptocurrencies which would have been impossible for us otherwise in the normal course.

The program is easy to join and we can register on the website with some basic details. According to the information on the website, it is completely free and has all security protocols in place. But I was not satisfied yet. I wanted to ensure that it was a secure and a genuine website before investing any money. So I checked out the reviews and testimonials across the internet. One of the reviews given by an expert group is about trading robot, and especially this particular program.

In the review they try to provide a completely unbiased assessment and endorse a program only if they approve of it completely. Even the brokers associated with this program are all genuine and legitimate license holders. So once I was convinced about the efficacy I decided to join the trading program. I opened it on my laptop easily and then registered by filling in the details. I was immediately asked to go to another link where I was allotted a broker and I could start trading. The minimum amount to start is $250 so I deposited that using my credit card. That was it and I was in the trading business.

As I am still new in the trading arena so I chose to observe for a little time and then opted for the automatic mode, though a manual mode is also available. I set the parameters and since then there has been no day that some profit has not been deposited into my account. I have decided to continue and reinvest the amount so that the profit can accumulate and increase. You can do the same once convinced of the reliability of the program.