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ASIC Issues Warning about SMSFs and Crypto Investments

2022-01-17 xiaoya No Comments

Australian Securities and Investments Commission (ASIC) published a warning against rising crypto scams in the country today. ASIC highlighted that the trustees of self-managed super funds (SMSFs) are being targeted by fraudsters.The commission requested residents to seek advice from licensed financial advisers before such investments. In the recent press release, ASIC called digital currencies speculative…

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Gold Technical Analysis – How Do Professionals Trade Gold?

2022-01-17 xiaoya No Comments

Professional money managers use several technical, fundamental, and sentiment indicators to determine the future direction of gold prices. The Metal is both precious and industrial and is viewed as both a commodity and a currency. The yellow metal, as it is often referred to as, is generally quoted in US dollars and trades both as…

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Crypto.com Announces Five-Year Partnership with Australian Football League

2022-01-17 xiaoya No Comments

Hong Kong-based Crypto.com – one of the most fastest-growing cryptocurrency exchanges, said Monday, January 17, that it has signed a five-year partnership agreement with the Australian Football League (AFL). The exchange will act as a partner for the Toyota AFL Premier League season and NAB AFLW matches, as the exclusive title partner for the “Crypto.com…

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Tesla to accept dogecoin as payment for merchandise, says Musk

2022-01-14 xiaoya No Comments

“Tesla will make some merch buyable with Doge & see how it goes,” Musk said in a tweet. The carmaker’s shares were down 3% in early trading, amid broader market declines. Dogecoin , popular among retail investors, raced up to $0.20 after the tweet. Musk’s tweets on the cryptocurrency, including the one where he called…

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What are the most common scams that target retail traders?

2022-01-14 xiaoya No Comments

Here are scams that retail investors need to watch out for:Social media pump-and-dump schemesWarnings about social media pump-and-dumps date back almost 10 years, but the new mixture of anti-Wall Street, populist ideology demonstrated in the WallStreetBets rally gives this a dangerous new appeal that criminals can take advantage of.Scammers often create dedicated channels to stage…

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What’s the Difference Between a Forex Demo Account and a Live Account?

2022-01-10 xiaoya No Comments

Abstract：The Forex Demo and Live account are quite similar, the only difference between both is that when you trade on a demo account you do not invest money as such but you can experiment all the features a live account has. It provides you an opportunity to get familiar with the trading platform so that…

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Basic Forex Knowledge: What are CFDs?

2022-01-10 xiaoya No Comments

What are CFDs? A CFD (Contract for Difference) is an agreement to exchange the difference in value of the underlying instrument between the time at which the contract is opened and the time at which it is closed. Geared products like CFDs can help you make the most effective use of your investment capital, but…

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ten major factors to consider while choosing a broker for in South Africa

2022-01-07 xiaoya No Comments

It is very important for every South African trader to check out a number of criteria before proceeding to invest with a given broker.The following are ten major factors to consider while choosing a broker for in South Africa. Must be registered with Financial Sector Conduct Authority (FSCA).The first major step in identifying a good…

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Samtrade FX Suspends Operations amid Singapore Authorities Probe

2022-01-05 xiaoya No Comments

Samtrade FX has suspended local and overseas business operations of its key operating entities and other affiliated entities, including but not limited to account opening, account changes, settlements, payments, opening and closing of trades. The Singapore police announced on January 3 that three men involved in the case of Samtrade FX were arrested on suspicion…

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7 Key Differences Between Investing and Trading

2021-12-31 xiaoya No Comments

Investing and trading are different from each other. While a lot of people might know this, it’s different for people who are still confused. In trading, a certain amount of money is traded on a broker platform to generate income within a short period, if the trade is successful. Unlike investing, as a trader trades…

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