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r/CryptoMarkets

FOREX community for cryptocurrencies. Tags: mt gox bitcoin, long term potential, open source exchange, low inflation rate, demand and price, technical analysis, fundamentals, Bitcoin, Ethereum, Litecoin, Monero, Dash, Augur, token, volume, oscillator, RSI, stochastic, trend, sentiment, strategy, scam, coin, coinmarketcap, altcoin, Peercoin, script, blockchain, PoW, PoS, Proof of Work,
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Stocks - Investing and trading for all

Almost any post related to stocks is welcome on /stocks. Don't hesitate to tell us about a ticker we should know about, but read the sidebar rules before you post. Check out our wiki and Discord!
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ETH Insider - Ethereum Forums, News, Trading & ICO's

ETH discussion board with a focus on ETH and ETH tokens. Alt-talk only if it is highly relevant for the current price. No FUD, No Hype, No Spamming. Thank you!
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Forex-Broker-Investment www.fxt24.com infos deutsch [email protected] Wir investieren den gleichen Betrag aauf ihr Konto.

Forex-Broker-Investment www.fxt24.com infos deutsch a.mario@fxt24.com Wir investieren den gleichen Betrag aauf ihr Konto. submitted by Michele1964 to u/Michele1964 [link] [comments]

Forex-Broker-Investment www.fxt24.com infos deutsch [email protected] Wir investieren den gleichen Betrag aauf ihr Konto.

Forex-Broker-Investment www.fxt24.com infos deutsch a.mario@fxt24.com Wir investieren den gleichen Betrag aauf ihr Konto. submitted by Michele1964 to u/Michele1964 [link] [comments]

[For Hire] Post graduate in Financial Strategy from Oxford, up for any challenge in finance, capital markets, company evaluation, forex trading and more. Personal web site www.fxboss.info

Whatever your market, FXBoss can help. All precious metals, energies and agriculturals. Forex including the Euro, Dollar, Yen, Pound Sterling, Franc, gold, silver, Argentine Peso, Australian Dollar, Brazilian Real, Chinese Yuan, Hong Kong Dollar, Korean Won, Indian Rupee, Mexican Peso, New Zealand Dollar, Norwegian Krone, South African Rand, Swedish Krona, Russian Rouble, Sterling Yen and Turkish Lira.
FXBoss will provide with unparalleled, personalized forecasts, charts and videos.
FXBoss is a market timing service that helps clients move in and out of trades. We cover all markets and all time frames. We have a wealth of experience forecasting markets and hedging positions.
submitted by RadicalRepublicans to Jobs4Bitcoins [link] [comments]

Double Supertrend Strategy Backtest (8500+ Trades on 28 Pairs)

Hi everyone, so a few months ago I discovered this post by u/AHoomanBeanz which is a strategy I've never heard of before. Basically, you have 2 Supertrends, a short-term one, and a long-term one and when both Supertrends go in the same direction you take a trade.
I took the liberty of modifying the strategy by setting fixed TPs instead of trailing SL with the short-term Supertrend. Check out his post for more info about entries, SL, etc.
In order to determine what way is the most efficient, I backtested this exact strategy on all 28 Majors and Minors and took five different approaches to TPs and moving of SL:
- 1:1 RRR, No Breakeven SL - 1:1.5 RRR, No BE SL - 1:2 RRR, No BE SL
- 1:1.5 RRR, Move SL to BE at 1:1 RRR - 1:2 RRR, Move SL to BE at 1:1RRR
There would be many other ways to handle the TPs and SLs but it already took me months to backtest this but if anyone wants to extend this backtest, feel free.

The Results
Using all 5 ways there were 8 out of 28 pairs that weren't profitable at all. (EURGBP, EURCAD, GBPAUD, GBPNZD, AUDCHF, NZDJPY, CADCHF, CHFJPY)
The remaining 20 pairs were profitable with at least one of the 5 ways. So I combined all 20 pairs and their most profitable TP/SL management methods and it turns out that the strategy isn't even that bad considering that you really just have to understand how Supertrends work.
Now here are some quick stats: Backtest Period: Jan 2017 - Aug 2020
- Risk Per Trade: 1% - Winrate: 44.66% - Profit Factor: 1.65 - Average Monthly Return: 5.81% - Max Drawdown: 18.4%

Notice that the drawdown is pretty high so if you're trading with a prop firm like FTMO you could just risk half as much (0.5% per trade) and your max DD would be 9.2%. Keep in mind that the return would also get cut in half.
If you want to get a more detailed view, here's the backtesting spreadsheet
(Before anyone asks: I spent 2-4h per day for around 6 weeks backtesting and tracking this stuff.)
submitted by FxRaHe to Forex [link] [comments]

Interactive Brokers: Brexit account migration = insurance drops from 500k USD to 20k EUR

Is anyone else concerned about this? They are migrating from UK to Hungary, Ireland or Luxembourg: https://ibkr.info/node/3515
Main reason I used IB was safety/regulation. After this migration we lose FSCS & SIPC protection, compensation will be the same as e.g. DeGiro or Trading 212 (20k EUR), for me there is no point to stay on IB any longer as I much prefer Trading 212's modern platform. What are your thoughts?
In 2018 IBKR established Interactive Brokers Luxembourg SARL (“IBLUX”) which received regulatory authorization in November 2019. In addition, we are in the process of creating two additional brokers based in the European Union: Interactive Brokers Ireland Limited (“IBIE”) and Interactive Brokers Central Europe Befektetési ZRt (“IBCE”).
We expect the majority of the clients based in Western Europe will be migrated to IBIE, those in Central and Eastern Europe to IBCE and a select group of clients to IBLUX.
Currently, provided they meet eligibility requirements, IBUK clients may be protected in relation to investment services under the UK Financial Services Compensation Scheme (“UK FSCS”) at an amount of up to £50,000. As IBUK clients are carried by our US broker, IBL, the securities segment of their account may be eligible for insurance by the Securities Investor Protection Corporation (“SIPC”) at an amount of up to USD 500,000.
Under the EU Brokers IBLUX, IBIE and IBCE eligible claimants may be entitled to claim compensation up to a maximum of EUR 20,000.
Later update - currently for IBUK, the protection amount depends on what you are trading with:
As a side note, in their article they state £50,000 FSCS protection, but that's just outdated. It's been increased to £85,000 since April 2019 - fscs.org.uk/media/press/2019/aphigher-protection-limits.
submitted by _amc_ to eupersonalfinance [link] [comments]

Puts on SLV and GLD

Recently Goldman came out with info that they are betting against the dollar in anticipation of a blue wave win. In this case that would be the DXY index.
CNBC Article: https://www.cnbc.com/2020/10/12/goldman-sachs-bets-against-the-dollar-on-blue-wave-prospects-and-vaccine-outlook.html
Here's the thing. Unless you're mind numbingly autistic, you know that the #1 firm in the world didn't decide to go short AFTER a 10% decline in value.
They need liquidity. They need forex plebs to short the dollar and fill their positions before they ramp DXY into the elecshun.
No I know what tards are thinking, "Why DXY up when money brinter go brrr?"
Here's the thing, during WWII the allied nations agreed on the Bretton Woods agreement which basically cemented the US dollar as the world's reserve currency. Meaning that was the currency to be bought during global economic uncertainty. (Google it)
Now retards like Robert Kiyosaki or Peter Schiff will tell you that's over. That's not the case, take a look at the DXY pump during the March crash. They just want you to buy their books.
The point is that DXY is going to pump into this alleged "blue wave" to protect the uncertainty behind the event.
The pump we have seen in metals like gold and silver are directly related to DXY. This is because gold and silver's only purpose is a hedge against inflation. Yes silver can be used for solar and jewelery blah blah idgaf I'm here for tendies not cope.
But as far as prices trending upwards, for inflationary hedged assets, this can only happen with the weakening of the dollar.
BUT THIS IS WHERE IT GETS FUCKED
You would think that with all the central bank printing inflation would be through the roof. But 3 weeks ago you saw JPOW struggle to answer how the FED will reach it's 2% inflation target. Today the bank of korea came out and stated inflation will remain low this year.
There are too many things in line for metals not to pump into the end of the year. Long term (mid 2021-2022) I think it's very possible to see actual inflation and see Gold climb to 2300 and Silver around 35.
But in the meantime I think these metals are in for a rocky end to 2020.
POSITIONS:
01/15/21 SLV 20P
01/15/21 GLD 185P
Tl;dr Goldman liars. Money printer brrr no work with elecshun. GLD / SLV down soon.
submitted by RothStonk to wallstreetbets [link] [comments]

For Canadian Clients of VantageFX (or Canadian Forex Traders in General)

As you likely already know, VantageFX will no longer service Canadians residents as of Nov 30th. This is unfortunate, since VantageFX has done an excellent job serving Canadian clients with higher leverage account options from a well regulated and trusted broker.
Through contacts in the industry, we've been made aware of a new retail account offering at Pacific Union. Pacific Union has a good history of servicing institutional accounts and has only just started taking on retail clients, but they are positioned to service the Canadian clients in the space that VantageFX has left behind.
Further, we were made aware of Pacific Union first by contacts at VantageFX, and then this recommendation was backed up by a trusted source who works closely with both companies.
Again, to be very clear, this post isn't to give undue attention to some random broker.. we are providing this info because Pacific Union is a proper alternative for Canadian based traders that will no longer be serviced by VantageFX.
On that note, I've updated the wiki to include Pacific Union Prime - https://puprime.com:
Subreddit's Canadian Brokers Wiki Page
The only major difference I have noticed so far is lacking MT5, but the word is that Pacific Union will be reviewing MT5 and other enhancements to their offing next quarter after they get past the launch of their retail offering.
Key highlights from my perspective:
Remember, going offshore means you lose CIPF protection on funds, so a well vetted and properly regulated broker is a must!
UPDATE #1: Oct 6th: Took this post off sticky and redacted some info as the connection between VantageFX and Pacific Union Prime was not "official". Pacific Union is still a great alternative / replacement for Canadian clients seeing higher leverage accounts and who are no longer serviced after VantageFX left Canada.
UPDATE #2, Oct 8th: Adjusted this thread again to best reflect where Pacific Union Prime fits with VantageFX and former Canadian VantageFX cleints.
submitted by finance_student to Forex [link] [comments]

ATO Australian tax treatment for options trades 🇦🇺

I am posting this as I hope it will help other Australian options traders trading in US options with their tax treatment for ATO (Australian Tax Office) purposes. The ATO provides very little guidance on tax treatment for options trading and I had to do a lot of digging to get to this point. I welcome any feedback on this post.

The Deloitte Report from 2011

My initial research led me to this comprehensive Deloitte report from 2011 which is hosted on the ASX website. I've been through this document about 20 times and although it's a great report to understand how different scenarios apply, it's still really hard to find out what's changed since 2011.
I am mainly relating myself to the scenario of being an individual and non-sole trader (no business set up) for my trading. I think this will apply to many others here too. According to that document, there isn't much guidance on what happens when you're an options premium seller and close positions before they expire.
Note that the ATO sometimes uses the term "ETO" (Exchange Traded Option) to discuss what we're talking about here with options trading.
Also note: The ATO discusses the separate Capital Gains Tax ("CGT") events that occur in each scenario in some of their documents. A CGT event will then determine what tax treatment gets applied if you don't know much about capital gains in Australia.

ATO Request for Advice

Since the Deloitte report didn't answer my questions, I eventually ended up contacting the ATO with a request for advice and tried to explain my scenario: I'm an Australian resident for tax purposes, I'm trading with tastyworks in $USD, I'm primarily a premium seller and I don't have it set up with any business/company/trust etc. In effect, I have a rough idea that I'm looking at capital gains tax but I wanted to fully understand how it worked.
Initially the ATO respondent didn't understand what I was talking about when I said that I was selling a position first and buying it to close. According to the laws, there is no example of this given anywhere because it is always assumed in ATO examples that you buy a position and sell it. Why? I have no idea.
I sent a follow up request with even more detail to the ATO. I think (hope) they understood what I meant now after explaining what an options premium seller is!

Currency Gains/Losses

First, I have to consider translating my $USD to Australian dollars. How do we treat that?
FX Translation
If the premium from selling the options contract is received in $USD, do I convert it to $AUD on that day it is received?
ATO response:
Subsection 960-50(6), Item 5 of the Income Tax Assessment Act 1997 (ITAA 1997) states the amount should be translated at the time of the transaction or event for the purposes of the Capital Gains Tax provisions. For the purpose of granting an option to an entity, the time of the event is when you grant the option (subsection 104-20(2) ITAA 1997).
This is a very detailed response which even refers to the level of which section in the law it is coming from. I now know that I need to translate my trades from $USD to $AUD according to the RBA's translation rates for every single trade.
But what about gains or losses on translation?
There is one major rule that overrides FX gains and losses after digging deeper. The ATO has a "$250k balance election". This will probably apply to a lot of people trading in balances below $250k a lot of the FX rules don't apply. It states:
However, the $250,000 balance election broadly enables you to disregard certain foreign currency gains and losses on certain foreign currency denominated bank accounts and credit card accounts (called qualifying forex accounts) with balances below a specified limit.
Therefore, I'm all good disregarding FX gains and losses! I just need to ensure I translate my trades on the day they occurred. It's a bit of extra admin to do unfortunately, but it is what it is.

Credit Trades

This is the scenario where we SELL a position first, collect premium, and close the position by making an opposite BUY order. Selling a naked PUT, for example.
What happens when you open the position? ATO Response:
The option is grantedCGT event D2 happens when a taxpayer grants an option. The time of the event is when the option is granted. The capital gain or loss arising is the difference between the capital proceeds and the expenditure incurred to grant the option.
This seems straight forward. We collect premium and record a capital gain.
What happens when you close the position? ATO Response:
Closing out an optionThe establishment of an ETO contract is referred to as opening a position (ASX Explanatory Booklet 'Understanding Options Trading'). A person who writes (sells) a call or put option may close out their position by taking (buying) an identical call or put option in the same series. This is referred to as the close-out of an option or the closing-out of an opening position.
CGT event C2 happens when a taxpayer's ownership of an intangible CGT asset ends. Paragraph 104-25(1)(a) of the ITAA 1997 provides that ownership of an intangible CGT asset ends by cancellation, surrender, or release or similar means.
CGT event C2 therefore happens to a taxpayer when their position under an ETO is closed out where the close-out results in the cancellation, release or discharge of the ETO.
Under subsection 104-25(3) of the ITAA 1997 you make a capital gain from CGT event C2 if the capital proceeds from the ending are more than the assets cost base. You make a capital loss if those capital proceeds are less than the assets reduced cost base.
Both CGT events (being D2 upon granting the option and C2 upon adopting the close out position) must be accounted for if applicable to a situation.
My take on this is that the BUY position that cancels out your SELL position will most often simply realise a capital loss (the entire portion of your BUY position). In effect, it 'cancels out' your original premium sold, but it's not recorded that way, it's recorded as two separate CGT events - your capital gain from CGT event D2 (SELL position), then, your capital loss from CGT event C2 (BUY position) is also recorded. In effect, they net each other out, but you don't record them as a 'netted out' number - you record them separately.
From what I understand, if you were trading as a sole tradecompany then you would record them as a netted out capital gain or loss, because the trades would be classified as trading stock but not in our case here as an individual person trading options. The example I've written below should hopefully make that clearer.
EXAMPLE:
Trade on 1 July 2020: Open position
Trade on 15 July 2020: Close position
We can see from this simple example that even though you made a gain on those trades, you still have to record the transactions separately, as first a gain, then as a loss. Note that it is not just a matter of netting off the value of the net profit collected and converting the profit to $AUD because the exchange rate will be different on the date of the opening trade and on the date of the closing trade we have to record them separately.

What if you don't close the position and the options are exercised? ATO Response:
The option is granted and then the option is exercisedUnder subsection 104-40(5) of the Income Tax Assessment Act 1997 (ITAA 1997) the capital gain or loss from the CGT event D2 is disregarded if the option is exercised. Subsection 134-1(1), item 1, of the ITAA 1997 refers to the consequences for the grantor of the exercise of the option.
Where the option binds the grantor to dispose of a CGT asset section 116-65 of the ITAA 1997 applies to the transaction.
Subsection 116-65(2) of the ITAA 1997 provides that the capital proceeds from the grant or disposal of the shares (CGT asset) include any payment received for granting the option. The disposal of the shares is a CGT event A1 which occurs under subsection 104-10(3) of the ITAA 1997 when the contract for disposal is entered into.
You would still make a capital gain at the happening of the CGT event D2 in the year the event occurs (the time the option is granted). That capital gain is disregarded when the option is exercised. Where the option is exercised in the subsequent tax year, the CGT event D2 gain is disregarded at that point. An amendment may be necessary to remove the gain previously included in taxable income for the year in which the CGT event D2 occurred.
This scenario is pretty unlikely - for me personally I never hold positions to expiration, but it is nice to know what happens with the tax treatment if it ultimately does come to that.

Debit Trades

What about the scenario when you want to BUY some options first, then SELL that position and close it later? Buying a CALL, for example. This case is what the ATO originally thought my request was about before I clarified with them. They stated:
When you buy an ETO, you acquire an asset (the ETO) for the amount paid for it (that is, the premium) plus any additional costs such as brokerage fees and the Australian Clearing House (ACH) fee. These costs together form the cost base of the ETO (section 109-5 of the ITAA 1997). On the close out of the position, you make a capital gain or loss equal to the difference between the cost base of the ETO and the amount received on its expiry or termination (subsection 104-25(3) of the ITAA 1997). The capital gain or loss is calculated on each parcel of options.
So it seems it is far easier to record debit trades for tax purposes. It is easier for the tax office to see that you open a position by buying it, and close it by selling it. And in that case you net off the total after selling it. This is very similar to a trading shares and the CGT treatment is in effect very similar (the main difference is that it is not coming under CGT event A1 because there is no asset to dispose of, like in a shares or property trade).

Other ATO Info (FYI)

The ATO also referred me to the following documents. They relate to some 'decisions' that they made from super funds but the same principles apply to individuals they said.
The ATO’s Interpretative Decision in relation to the tax treatment of premiums payable and receivable for exchange traded options can be found on the links below. Please note that the interpretative decisions below are in relation to self-managed superannuation funds but the same principles would apply in your situation [as an individual taxpayer, not as a super fund].
Premiums Receivable: ATO ID 2009/110

Some tips

submitted by cheese-mate-chen-c to options [link] [comments]

What is the best way to invest in index funds and ETFs while living in Germany?

Background: My wife and I live in Germany. She is a EU citizen and I'm American. The account would be in her name to make things easier tax wise. We're interested in investing in index funds and ETFs. We're trying to decide on a platform to go with but are having trouble figuring out the best option for us. Ideally we'd like a platform that offers a wide selection of ETFs and index funds, but it does not need to offer FOREX, cryptocurrency, etc.
Which potential option would you recommend for our situation? It'd be nice to hear anyone's feedback who has used any of these platforms.
  1. Fonds Spärlane or Savings plan - The DKB Sparpläne https://www.dkb.de/privatkunden/wertpapiersparen/fonds/. This seems like a good option. They have a decent selection of products and offer the ability to automatically purchase into a fund/ETF each month. Since they are a German Bank they have to offer tax forms as well, which makes life easier.
  2. International Broker - Interactive Brokers or Fidelity International. We don't have 100k to invest so I don't think IB is the right option due to the 10 euro per month fee. Fidelity Int'l has a wide selection but I need to do more research to see what tax info they provide.
  3. German Broker - I haven't come across one that I'm crazy about yet so any recommendations would be helpful.
  4. German Depot Konto - Commerzbank https://www.commerzbank.de/portal/de/privatkunden/sparen-anlegen/produkte/depotmodelle/depot-eroeffnen/depot-eroeffnen.html?gclid=CjwKCAjw5Kv7BRBSEiwAXGDElRF5GnUm8exUdl4NjmQ5eT3lBc6ypA4Xhmc_rn4Dclfs9oRlm8o3ZRoCnysQAvD_BwE. We're already customers there so it would be easy to setup an account. The costs here seem quite high and I don't know yet what kind of product range they offer.
submitted by thesog to eupersonalfinance [link] [comments]

What is the best way to invest in ETFs while living in Germany?

Background: I posted this question on /eupersonalfinance https://www.reddit.com/eupersonalfinance/comments/iy7ay6/what_is_the_best_way_to_invest_in_index_funds_and/ and they said I should post here as well. I've made some changes to the question after more research.
My wife and I live in Germany. She is a EU citizen and I'm American. The account would be in her name to make things easier tax wise. We're interested in investing in ETFs. We're trying to decide on a platform to go with but are having trouble figuring out the best option for us. Ideally we'd like a platform that offers a wide selection of ETFs and it does not need to offer FOREX, cryptocurrency, etc.
Which potential option would you recommend for our situation? It'd be nice to hear anyone's feedback who has used any of these platforms.
  1. International Broker - Interactive Brokers or Fidelity International. We don't have 100k to invest so I don't think IB is the right option due to the 10 euro per month fee. Fidelity Int'l has a wide selection but I need to do more research to see what tax info they provide.
  2. German Brokers - Scalable Capital and Smartbroker look intriguing. I'm leaning towards the latter since they have been around longer.
  3. German Depot Konto - Commerzbank https://www.commerzbank.de/portal/de/privatkunden/sparen-anlegen/produkte/depotmodelle/depot-eroeffnen/depot-eroeffnen.html?gclid=CjwKCAjw5Kv7BRBSEiwAXGDElRF5GnUm8exUdl4NjmQ5eT3lBc6ypA4Xhmc_rn4Dclfs9oRlm8o3ZRoCnysQAvD_BwE. We're already customers there so it would be easy to setup an account. The costs here seem quite high and I don't know yet what kind of product range they offer.
We tried setting up an account with DKB since we read and heard good things about them and their Sparpläne is a solid price. Our account was rejected so we contacted customer service for their help. To put it nicely their customer service is terrible and we've decided to continue our search for a different company.
submitted by thesog to Finanzen [link] [comments]

3000RMB vs 3000USD

Recently there’s a heated debate around the topic of the buying power of 3000 USD and 3000 RMB in USA and China. And how the results are related to the daily life of each nation’s citizens. Thus, I am here to analyze the difference of buying power between 3000 USD and 3000 RMB.
First of all, the situation here is actually more complicated than one might think, 3000 USD as of current translates to 20758.50 RMB on forex. Which is why just simply straight up comparing the two isn’t by any means fair. A fairer topic of discussion would be the difference of buying power between the average citizen of the two nations. However, criticizing the topic doesn’t mean I won’t give this topic a fair analyzes.
What would life look like with 3000 USD in America and 3000 RMB in China?
Well, first of all we need to settle on a city for comparison, America have 50 states while China have 23 provinces. The prices change dramatically between city to city, state to state, province to province. Thus, for the sake of fair comparison, we will compare Shang Hai to New York. Both are the cities with the most amount of GDP per capita with in their nation. However, once again for the sake of fairness a note had to be made here, Shang Hai have a significantly larger population, and a much lower GDP per capita.
To make the comparison, I will make a budget living plan for both NYC and Shang Hai. The living plan will include health care, telephone bill, rent, food, electricity & hydro, and transport. The budget won’t include furniture or clothing as they aren’t something which is bought monthly.
New York:
- Housing (1,100$): According to renthop.com (https://www.renthop.com/average-rent-in/new-york-city-ny), the average 1 bed room rent ranges from 2650-3550dollamonth. According to rentcafe.com (https://www.rentcafe.com/average-rent-market-trends/us/ny/manhattan/), the average rent over all reaches a astonishing 4,208 dollamonth. Thus, to make a functional housing plan requires a bit more thought put into it.
After a bit of searching, I am able to find a 1,100-dollar living space, the downside being having to live with 3 other roommates. (https://www.apartments.com/common-robinson-new-york-ny/5r6bl3n/)
- Health care (500$): Unfortunately, I am denied access to the health care market place for New York city because of my non-New York IP. (https://info.nystateofhealth.ny.gov/) However, individual researches tells us that the average new yorker spends a 6,335$ on health care annually. So averagely the health care spending per month would be roughly 500$.
- Transport (127$): A unlimited monthly metro card in New York is 127.00$. (https://www.tripsavvy.com/new-york-city-subways-and-buses-1612185#:~:text=New%20York%20City%20subway%20fares,fare%2C%20which%20is%20half%20price.) However, it’s worth mentioning that the New York public transport system is know to be inefficient, dirty and overall problematic.
- Water & electricity (263.84$): So on average the newyorker spends 173.84$ on electricity (https://patch.com/new-york/larchmont/here-s-how-much-utilities-cost-new-york-residents)
Combining data from NYC government (https://www1.nyc.gov/site/dep/pay-my-bills/how-we-bill-you.page) and the average water usage of American house holds (http://www.keyportonline.com/content/4031/4050/4243/4371.aspx#:~:text=The%20average%20person%20uses%20from,2%2C430%20cubic%20feet%20per%20person.), the average cost of water will be around 90$.
- Communication (75$): the average cell phone cost in New York is 75 dollar per month. (https://stefanieoconnell.com/much-need-live-new-york-city/#:~:text=Cell%20Phone%3A%20%2475%2Fmonth,be%20had%20in%20this%20category.)
- Food (750$): food cost ranges person to person, epically considering America’s insanely high diabetic rate of 36%. (https://www.cdc.gov/media/releases/2017/p0718-diabetes-report.html) Thus the cost of food is mostly up to estimations. (https://green-mart.us/product-category/beverages-mixers/) is a good place to start. After some calculation, if I were too cook myself, the average cost would be around 20$/day. While if I were to eat out all month, the price would in increased to 36$/day according to traveling websites. Thus, we take the average and get 25$ per day. 25X30 and we get 750$ spent on food.
The final cost would be 2815.84, which lefts us with 185 dollars for dealing with emergencies. We would be eating just fine. However, with this budget, one is stuck to living with 3 other roommates and having to use the terrible New York public transit every single day.
Shang Hai:
- Housing (1400$): Due to the large population base, we don’t have an exact number on the average rent. However, that won’t stop us from making a budgeted living plan by finding houses online for rental. (https://sh.zu.anjuke.com/fangyuan/1483960300806147?isauction=2&shangquan_id=22039&legoFeeUrl=https%3A%2F%2Flegoclick.58.com%2Fjump%3Ftarget%3DpZwY0ZnlsztdraOWUvYKuaYYrH0Yrjc3ridBnHDQsHELnWDVrHDvnidhPA76uWKWuW9YrjmKPH9dnWELnHDvP1EvPjEKTHDYrjnOPWT1njT3njmQPj0KP10knTDLP1TkTHD_nHTKn9DQPHb3njN3njnYrjT1THcKwbnVNDnVENGssXXMMSpcfzLMoufG9cM-BFxCCpWGCUNKnEDQTEDVnEDKnHcOPWbLPjnYn1ndPHNQrjbLP9DvTyGGmNI-rWDknjKxnHNknTDQTHc3m1EvuWNYsyNzPj0VPjDvPaYOuWbvsynkmyPhuHFBnHR6rEDQnWbvrH0Yn1E1Pj9dPHnknHDzTHDzrHmOP1E1PjnYnHTkPjEOnW9KTEDKTEDVTEDKpZwY0Znlszq1paOlIiO6UhGdpvN8mvqVsvu6UhIOIy78sLGJnHTzsk7jE1PjrDNvnBdDnYD1sNNknbDVwHEQPidDPNPanDnYP1RjPDDKP1T8P1D8nHTdsWEzTHTKnTDKnikQnE7exEDQnjT1P9DQnjTQPWmdTH7hm1TQuWbYsHTvrAmVPj93uBY3nAEYsHwWmW9YPjTzmhmzrEDKPTDKTHTKnBkQPjDQsjcznjnOTHDKUMR_UTDYP16BmyDOPHEYnWuBPWPb&lego_tid=1fc01f94-068f-488f-80d4-4cb84402bf29&from=Filter_2&hfilter=filterlist) Here’s a very lovely house I’ve found for 1400, you get to not only live alone, but it also comes with your own kitchen and bathroom. And it’s also insanely close to the public transport system.
- Health Care (20$): The annual fee is around 250$ for health care in China.
- Transport (100$): Since the month pass got canaled, transport fee depends from person to person. Assuming we don’t work on the other side of the city, averagely 100$ would be spent per month.
- Water & electricity (200$): Judging from official numbers (https://www.sohu.com/a/296444679_667422)
The cost would be around 200$ maximumly for a single person.
- Communication(38$): you can get a cell phone plan for 18$ (https://zhidao.baidu.com/question/1767039690840279060.html) being generous we will go with the 38$ plan.
- Food (900$): Food cost in Shang Hai is a very hard number to measure. Assuming we are going full luxury, 900$ would get you covered for a month.
The total cost would end up around 2620$. With 380$ to spare. And not only do you get an entire apartment all to your self, you also get plenty of money left over to spend.
Now this comparison can be unfair due to the population of Shang Hai and New York, but it’s still astonishing how despite dollar being almost 7 times more valuable than yuan, yuan still holds just as much purchasing power in China. Not only do you get apartment all to yourself in Shang Hai (unlike newyork where you’ll end up with 3 room mates), you also save a lot more.
submitted by Bolshevik-Blade to Sino [link] [comments]

APIs offered by brokers and data platforms

I’ve been looking for a broker that has an API for index futures and ideally also futures options. I’m looking to use the API to build a customized view of my risk based on balances, positions, and market conditions.
Searching the algotrading sub I found many API-related posts, but then when I actually read them and their comments, I found they’re often lacking in real substance. It turns out many brokers or data services that have APIs don’t actually support index futures and options via the API, and instead they focus on equities, forex, or cypto. So here’s the list of what I’ve found so far. This isn’t a review of these brokers or APIs and note that I have a specific application in mind (index futures and futures options). Perhaps you’re looking for an API for equities, or you just want data and not a broker, in which case there may be a few options. Also, I’m based in the US so I didn’t really look for brokers or platforms outside the US.
If you have experience with these APIs, please chime in with your thoughts. Also, I may have missed some brokers or platforms. If I did or if you see anything that needs correction please let me know.

Platform Notes
ADM Investor Services No API
Ally Invest Does not support futures instruments
Alpaca Only supports US Equities
Alpha Vantage Does not support futures instruments
AMP Broker with a huge number of platforms available including some with APIs
ApexFutures No API
Arcade Trader No API
AvaTrade Does not support futures instruments
Backtrader Not a data feed; otherwise looks cool but also looks like a one-man shop
Cannon Trading Broker with a variety of platforms, some have API access such as TT
Centerpoint No API
Charles Schwab API does not support futures instruments
Cobra No API
Daniels Trading No API
Discount Trading Broker with a variety of platforms including CQG, Rithmic, TT, some with APIs
Edge Clear Broker with a variety of platforms including CQG, Rithmic, TT, some with APIs
Eroom Now part of Dashprime. Offer a variety of APIs including CQG, TT, CBOE's Silexx, and others via FIX.
ETNA Trader Only supports equities, options (including multi-legs), ETFs, Mutual Funds (Forex with cryptocurrencies coming soon)
ETrade API seems robust but OAuth authorization needs to be refreshed via login once per 24 hours
Futures Online No API
Gain Capital Futures API available, based on .NET; unsure if they are open to retail clients
GFF Brokers Broker with a large number of platforms including some with API access
High Ridge Futures Broker with a variety of platforms including CQG, Rithmic, TT, some with APIs
iBroker API available; contact them for more info
IEX Cloud Looks great but does not support futures instruments
Infinity Futures JSON API available; contact them for more info
Interactive Brokers Client Web API looks promising if clunky
Intrinio Supports futures instruments but is expensive
Koyfin No API
Lightspeed C++ API available
marketstack API for equities available. Does not support futures instruments.
Medved Trader Windows app with a streaming API to various data sources and brokers. See comment below about API beta access.
NinjaTrader Does not support futures options
Norgate Data Not a broker; supports futures data for $270/year
Oanda Forex only; API last updated in 2018
Optimus Futures Broker with a large number of available platforms including some with API access
Phillip Capital Broker with a large number of available platforms including some with API access
polygon.io Expensive but looks slick; does not support futures instruments
Quandl API looks solid; $49/monthly for personal use, does not allow distributing or sharing data; not a broker
Quantconnect Does not expose raw data
Quantopian Does not expose raw data
Quantower Software that connects to multiple brokers and data feeds; API to their software via C# interface
Saxo Markets Broker with extensively documented API
Stage 5 Trading API available through Trading Technologies
Straits Financial Broker with several platforms available including some with APIs such as CQG, R
Sweet Futures Broker with a large number of available platforms including some with API access
TastyWorks There's an unofficial Python API
TenQuant.io Does not support futures instruments
ThinkorSwim Does not support futures instruments via the API
Tiingo Free account tier but does not support futures instruments
TradePro Broker with a number of platforms available; unclear if any are available with API access
Tradier Free developer API account for delayed data but does not support futures instruments
TradeStation Nice looking API docs and supports futures instruments; requires opening an account and a minimum balance of $100k and there’s no trial available
TradeFutures4Less Broker with a variety of platforms including CQG, Rithmic, TT, some with APIs
TradingTechnologies API looks robust; pricing starts at $700/month
TradingView Does not expose data API
Tradovate Technologies API exists, documentation unknown; need to talk to their account team
Wedbush Futures Broker with several platforms offered, a few of which have API access
WEX .NET/COM only; pricing not disclosed on website
Xignite Pricing not disclosed on website but they do support futures instruments
Yahoo Finance API Available through RapidAPI or via direct access; but it’s discontinued and unreliable
Zaner Broker with a variety of platforms including CQG, Rithmic, TT, some with APIs

Wow, this list grew longer than I originally thought it would be. If you spot a mistake, please let me know and I’ll correct it.
Edit:
- added Lightspeed API - updated Dashprime to indicate some of the APIs available - added Medved Trader to table - added marketstack to table
submitted by theloniusmunch to thewallstreet [link] [comments]

Wiseling investment starting at 0.8 daily profit, invest with BTC, ETH or USD


Have you ever heard about Wiseling investing opportunity? I'll take 5 minutes to explain you the potential of Wiseling.
They do offers investments deposit with cryptocurrency as Bitcoin, Ethereum as well as USD.
They are paying between 0.8 and 1.3% DAILY on your deposit, it also does pay much more percentage based on your investment amount.
It is Since more than two months (november 14th now) I've opened a Wiseling account and it's working as promised, i get paid timely and truly i have nothing to complain with.
For instance, If you do an investment of $100 USD in 16 working days your profit will be of $18,8 or if investing $500 for the same investment time the profit will be of about $94.6, or if $2500 is invested in again 16 working days you'll get a profit of about $472
You choose your investments that fits for you, it's starting as low as $50 usd up to $500 000

- 3 investment plans FIAT, CRYPTO and INDUSTRY, 16 working days up to 180 working days term- choose your budget- Smartphone app
- Official Wiseling TELEGRAM channel for live support and also you can talk with more Wiseling investors always active in there.
- referral program available for further profit opportunity
- Mattias Lappo CEO Zoom meetings available and scheduled through the telegram channel
- registered business in the Finland business registration website, please check the following link: https://tietopalvelu.ytj.fi/yritystiedot.aspx?yavain=2933769&tarkiste=44AE99D6CA65349424042CEE2F683610F35372BE&rekhist=True&leihist=false&path=
- The company is insured with Parker and Lawson insurance located in UK for 500 million dollars.
- Wiseling is registered with the European union, check the registration at the following address: https://www.vatcheck.eu/en/check-vat-number Company number: 3138760-7
- DAILY withdrawals available while your investment profit is accruing.
To register or for more info about the company click the link below.

https://wiseling.com/it/?network=7kwAbN

More info about the company:
In the stock market, Wiseling traders pay special attention to the positions of AAPL, SPX, DAX and DJII.
The total daily profit of Wiseling from all exchanges is from 9% to 15% every day
The daily trading volume on the Wiseling stock exchange is 60,000,000-72,000,000 US dollars. This number is growing every day.
Forex Daily Trading Volume - $ 12,000,000
The daily trading volume of the cryptocurrency exchange is between 80,000,000 and 120,000,000 dollars per day.
As a result, the company's finance department has developed a marketing plan that allows partners to pay a minimum percentage of their daily profits from 0.8% to 3.0%.
The referral program was also included in this business plan and bonus costs were included in marketing.
The company also works with stocks quoted by BGNE (stock growth for 2019 is 558.3%).
The growth of NVDA-2019 shares is 530.9%.
The growth of SODA-2019 shares is 530.2%.
The growth of WTW-2019 shares is 453%.
The growth of SGMS-2019 shares is 438.6%.
The growth of NCTR-2019 shares is 438.6%
The growth of CHGG-2019 shares is 395.8%.
Therefore, the company will pay a stable income to all partners in the long term.

Sign up here: https://wiseling.com/it/?network=7kwAbN

bye, have a good investment profit.
submitted by fracazzo1968 to investing_discussion [link] [comments]

[Event] Ethiopia Expands Efforts to Survey Hydrocarbon Resources

October 2022
East Africa is quickly emerging as one of the premier destinations for oil and natural gas exploration, with numerous foreign companies engaged in exploratory and extractive ventures in countries like Kenya, Somalia, South Sudan, Tanzania, Mozabique, and Uganda. This new boom in the oil industry, driven by growing global demands and new investments from rising powers like China, has already made several significant oil discoveries, including the 560 million barrel oil find in Turkana, Kenya.
So far, Ethiopia's own share of this East African hydrocarbon rush has been something of a mixed bag. Early speculation regarding Ethiopia's oil reserves--which suggested that the country may have some 2.7 billion barrels of oil hidden away in its southern provinces--has so far failed to materialize into concrete finds, with Tullow Oil (the firm responsible for the Turkana find) failing to find any productive wells in the South Omo Block. Tullow remained in Africa until 2018, when it and partner Africa Oil began the process of withdrawing their operations in the South Omo Block. For a time, it seemed like the promise of hydrocarbon reserves in Ethiopia was dead, with investors looking to proven exploration markets in Uganda and Kenya instead.
And then, payday. In 2018/19, Chinese oil and gas firm Poly-GCL announced the discovery of some 7 to 8 trillion cubic feet of natural gas at the Calub and Hilala gas fields in Blocks 11 and 15, which was quickly followed by British firm NewAGE's discovery of 1.6 trillion cubic feet of natural gas near Elkuran in Block 8. These discoveries, amounting to some 272km3 of gas and a smaller quantity of oil, were significant not just for their size (between these two discoveries alone, Ethiopia gained enough natural gas reserves to surpass current gas exporters like Israel, Bangladesh, and Brunei), but as proof that there were hydrocarbon resources in Ethiopia (which drew attention from firms that previously had not invested in exploration in Ethiopia, including oil giant Chevron in late 2019. Ethiopia and Djibouti immediately teamed up to build a 760km+ pipeline connecting these gas fields in the Ogaden basin to the Red Sea. Revenues from the export of natural gas, which started in 2022 with the completion of the pipeline, are expected to amount to some 1b USD annually (increasing as more projects are drilled), bringing a critical influx of FOREX to the Ethiopian government.
With the first exports of Ethiopian hydrocarbon reaching international markets, and with historic oil finds in neighboring Eritrea, Ethiopia is hoping to leverage the possibility of further finds to attract additional investment into its hydrocarbon sector. At present, Ethiopia has several concession blocks that still lack investment, which the government is hoping to rectify by offering exploration rights to international hydrocarbon firms.
South Omo Block
With Tullow's withdrawal from Ethiopia in 2019 after failing to renew their license, the oil concession for the South Omo Block is once again up for licensing. Located in southern Ethiopia along the South Sudan and Kenya borders, the South Omo Block is a geological continuation of the Turkana basin and other major East African hydrocarbon blocks, leading many to speculate that it may share in some of that oil wealth. While the initial estimates that the block may hold up to 2.7 billion barrels of oil seem to have been overstated, if the block contains even a fraction of that amount, it would still be considerably valuable for whomever takes the block.
The Poly-GCL Blocks
Chinese firm Poly-GCL is easily the largest hydrocarbon operator in Ethiopia, owning the extraction rights for the bulk of the new discoveries (7-8 TCF of the total 9.6 TCF). With their ten total exploration blocks in the Ogaden basin, they also have the greatest presence in the region. However, only two of the ten blocks under the license have been properly explored, with the remaining eight awaiting further exploration. Ethiopia is hoping to reach out to Poly-GCL to persuade them to begin exploration activities in the remaining eight (as well as any other blocks they feel like leasing), with the goal of discovering my natural gas or oil.
The Remaining Ogaden Basin Blocks
Out of the 21 blocks in the Ogaden Basin (the site of the most recent natural gas finds), seven are still unlicensed and more or less unexplored, Blocks 1, 2, 5, 6, 7, 10, and 14. Ethiopia hopes to attract foreign firms to begin exploration in these blocks. They are more likely to contain natural gas than oil, as indicated by the discovery of natural gas in blocks 7, 11, and 15, but natural gas is still valuable and desirable.
Adigala Block
The Adigala Block is viewed as an extension of the oil-bearing geological formations of Somaliland, which oil exploration firm Genel anticipates to contain at least 2 billion barrels of oil. Genel previously expressed interest in moving into the Adigala Block, but as of 2019, it was NewAGE, the same firm that made the Elkuran find in Block 8, that entered into license negotiations with the Ethiopian government.
Ethiopia is hoping to finalize license negotiations for the Adigala Block, which Ethiopia hopes will contain some amount of oil, similar to the neighboring oil seeps in Somalia.
Amhara Blocks
The blocks in Amhara state are some of the least explored in the country. Neighboring blocks AB1, AB4, and AB7, operated by Falcon, reported some crude oil finds around 2018, which Ethiopia is hoping will attract additional exploration and investment in the remaining six blocks of the region.
North West Oil Shale
The Ethiopia-Eritrea border is home to some 3.9 billion tons of oil shale--enough to produce a staggering trillion barrels of oil, if it can ever be economically extracted. So far, there has been very little investigation into the viability of these resources, owing to low oil prices in the world. However, with production costs set to continue dropping over the foreseeable future with technological advances in extraction, and with Ethiopia's demand for oil set to grow astronomically as the country's economic development continues, Ethiopia is hoping that some segment of this oil shale can be economically developed. As such, Ethiopia has invited oil shale leaders from around the world, most notably Canadian, Chinese, Estonian, and American firms, to invest in oil shale extraction in northern Ethiopia.
submitted by TheManIsNonStop to Geosim [link] [comments]

Forex Trading Platform India

spectreindia.co is a financial online trading platform that allows traders to trade in a high frequency with low risk in the financial markets. By utilizing cutting-edge, crowd-sourced technology, spectreindia.co matches traders against an embedded liquidity pool or other traders on the Spectre trading platform. 24 hour liquidity and zero-opportunity for fraud is ensured in this unique model! For more info, contact us today.
Forex Trading Platform India
submitted by spectretrading to u/spectretrading [link] [comments]

Your Pre Market Brief for 07/16/2020

Pre Market Brief for Thursday July 16th 2020

You can subscribe to the daily 4:00 AM Pre Market Brief on The Twitter Link Here . Alerts in the tweets will direct you to the daily 4:00 AM Pre Market Brief in this sub.
Updated as of 4:45 AM EST
-----------------------------------------------
Stock Futures:
Wednesday 07/15/2020 News and Markets Recap:
Thursday July 16th 2020 Economic Calendar (All times are in EST)
(JOBLESS CLAIMS TODAY)
News Heading into Thursday July 16th 2020:
NOTE: I USUALLY (TRY TO) POST MANY OF THE MOST PROMISING, DRAMATIC, OR BAD NEWS OVERNIGHT STORIES THAT ARE LIKELY IMPORTANT TO THE MEMBERS OF THIS SUB AT THE TOP OF THIS LIST. PLEASE DO NOT YOLO THE VARIOUS TICKERS WITHOUT DOING RESEARCH! THE TIME STAMPS ON THESE MAY BE LATER THAN OTHERS ON THE WEB.
Upcoming Earnings:
Commodities:
COVID-19 Stats and News:
Macro Considerations:
Most Recent SEC Filings
Other
-----------------------------------------------
Morning Research and Trading Prep Tool Kit
Other Useful Resources:
The Ultimate Quick Resource For the Amateur Trader.
Subscribe to This Brief and the daily 4:00 AM Pre Market Brief on The Twitter Link Here . Alerts in the tweets will direct you to the daily brief in this sub
submitted by Cicero1982 to pennystocks [link] [comments]

TODAY’S US DOLLAR USD WEAKNESS AND LIVE FOREX TRADING SIGNALS

TODAY’S US DOLLAR USD WEAKNESS AND LIVE FOREX TRADING SIGNALS
Today in the main session forex trading the USD was weak on all pairs in this currency group. This drove strong price movements during the main trading session. Images of the live forex trading signals from The Forex Heatmap® and price chart movement for these pairs is shown below. The AUD/USD and NZD/USD moved up on the H1 time frames. Both pairs are inside of resistance levels on the D1 time frame. So scale out lots or exit these trades. The AUD/USD has additional upside to the 0.7300 resistance area. These live currency trading signals and trend based trading plans for 28 pairs can be found on our website at Forexearlywarning.com. Click on link below for more info:

Forex Heatmap



https://preview.redd.it/qxb766xmvix51.jpg?width=411&format=pjpg&auto=webp&s=558e233f9631bb19f7eafcdae7905e1e383ead2e
https://preview.redd.it/113ua5xmvix51.jpg?width=526&format=pjpg&auto=webp&s=98342e6f0c87e5fd7713f8e428af668d71d11b56
submitted by forexalerts to u/forexalerts [link] [comments]

Forex Trading in Kenya.

Someone posted on here a few days ago asking about forex and forex trading in Kenya, I have gone through the responses and clearly, most people don’t have an idea. It is 3am in the morning and am in a good mood so let me make this post. This will be a comprehensive and lengthy post so grab a pen and paper and sit down. We’ll be here a while.
FIRST OF ALL, who am I..?
I am a forex trader, in Nairobi, Kenya..i have been actively involved in forex since I found out about it in Feb 2016 when I somehow ended up in a wealth creation seminar (lol) in pride inn Westlands, the one close to Mpaka Rd. Luckily for me, it was not one of those AIM global meetings or I’d be on Facebook selling God knows what those guys sell. I did not take it seriously till August of the same year and I have been active ever since.
I don’t teach, mentor or sell a course or signals, I trade my own money. I am also posting from a throwaway account because I don’t want KRA on my ass.
What the fuck is forex and forex trading.
In simple plain English, forex is like the stock market but for currencies. Stock Market = Shares, forex = currencies. If you want more in-depth explanation, google is your friend.
These currencies are pegged on specific countries, united states- dollar, UK- pound, euro zone- euro, Switzerland- Swiss franc, Kenya- Kenya shilling.. you get the point. Now, there are specific events and happenings between these economies that affect the movement and values of the currencies, driving their value (purchasing power up and down). Forex trading exploits these movements to make money. When the value is going up, we buy and vice versa (down –sell)
Is forex trading illegal in Kenya? Is it a scam?
Illegal, no. scam, no. All the banks in the world do it (KCB made about 4 billion from trading forex in 2019)
Have there been scams involving forex in Kenya?
Yes. Here is one that happened recently. This one is the most infamous one yet. Best believe that this is not the end of these type of scams because the stupidity, greed and gullibility of human beings is unfathomable.
However, by the end of this post, I hope you won’t fall for such silliness.
What next how do I make it work..?
Am glad you asked. Generally, there are two ways to go about it. One, you teach yourself. This is the equivalent of stealing our dad’s car and hoping that the pedal you hit is the brake and not the accelerator. It is the route I took, it is the most rewarding and a huge ego boost when you finally make it on your own. Typically, this involves scouring the internet for hours upon hours going down rabbit holes, thinking you have made it telling all your friends how you will be a millionaire then losing all your money. Some people do not have the stomach for that.
The second route is more practical, structured and smarter.
First Learn the basics. There is a free online forex course at www.babypips.com/learn/forex this is merely an introductory course. Basically it is learning the parts of a car before they let you inside the car.
Second, start building your strategy. By the time you are done with the babypips, you will have a feel of what the forex market is, what interests you, etc. Tip..Babypips has a lot of garbage. It is good for introductory purposes but not good for much else, pick whatever stick to you or jumps at you the first time. Nonsense like indicators should be ignored.
The next step is now the most important. Developing the skill and building your strategy. As a beginner, you want to exhaust your naivety before jumping into the more advanced stuff. Eg can you identify a trend, what is a pair, what is position sizing, what is metatrader 4 and how to operate it, what news is good for a currency, when can I trade, what are the different trading sessions, what is technical analysis, what is market sentiment, what are bullish conditions what is emotion management, how does my psychology affect my trading (more on this later) an I a swing, scalper or day trader etc
Mentors and forex courses.. you have probably seen people advertising how they can teach and mentor you on how to trade forex and charging so much money for it. Somehow it seems that these people are focused on the teaching than the trading. Weird, right..? Truth is trading is hard, teaching not quite. A common saying in the industry is “Those who can’t trade, teach” you want to avoid all these gurus on Facebook and Instagram, some are legit but most are not. Sifting the wheat from the chaff is hard but I did that for you. The info is available online on YouTube, telegram channels etc. am not saying not to spend money on a course, if you find a mentor whose style resonates with you and the course is reasonably priced, please, go ahead and buy..it will cut your learning curve in half. People are different. What worked for me might not work for you.
Here are some nice YouTube channels to watch. These guys are legit..
  1. Sam sieden
  2. Cuebanks
  3. TheCoinFx
  4. The trading channel
  5. Astro
  6. Forex family
  7. Wicksdontlie
Advanced stuff
  1. ICT
After a short period of time, you will be able to sniff out bs teachers with relative ease. You will also discover some of your own and expand the list. Two tips, start with the oldest videos first and whichever of these resonates with you, stick with till the wheels fall off.
How long will it take until things start making sense
Give yourself time to grow and learn. This is all new to you and you are allowed to make mistakes, to fail and discover yourself. Realistically, depending on the effort you put in, you will not start seeing results until after 6 months. Could take longeshorter so there is no guarantee.
Social media, Mentality, Psychology and Books
Online, forex trading might not have the best reputation online because it takes hard work and scammers and gurus give it a bad name. However, try to not get sucked into the Instagram trader lifestyle as it is nowhere close to what the reality is. You will not make millions tomorrow or the day after, you might never even make it in this market. But that is the reality of life. Nothing is promised, nothing is guaranteed.
Your mentality, beliefs and ego will be challenged in this market. You will learn things that will make you blood boil, you will ask yourself daily, how is this possible, why don’t they teach this in school..bla bla bla..it will be hard but growth is painful, if it wasn’t we’d all be billionaires. Take a break, take a walk, drink a glass of whatever you like or roll one..detox. Chill with your girl (or man) Gradually you will develop mental toughness that will set you up for life. Personally, I sorta ditched religion and picked up stoicism. Whatever works for you.
Psychology, this is unfortunately one of the most neglected aspects of your personal development in this journey. Do you believe in yourself? Can you stand by your convictions when everyone is against you? Can you get up every day uncertain of the future? There will be moments where you will question yourself, am I even doing the right thing? the right way? It is normal and essential for your growth. People who played competitive sports have a natural advantage here. Remember the game is first won in your head then on the pitch.
Books: ironically, books that helped me the most were the mindset books, Think and grow rich, trading for a living, 4 hour work week, the monk who sold his Ferrari..just google mindset and psychology books, most trading books are garbage. Watch and listen to people who have made it in the investing business. Ray Dalio, warren, Bill Ackman and Carl Icahn.
This is turning out to be lengthier than I anticipated so I’ll try to be brief for the remaining parts.
Brokers
You will need to open up an account with a broker. Get a broker who is regulated. Australian ones (IC Market and Pepperstone) are both legit, reliable and regulated. Do your research. I’d avoid local ones because I’ve heard stories of wide spreads and liquidity problems. International brokers have never failed me. There are plenty brokers, there is no one size fits all recommendation. If it ain’t broke..don’t fix it.
Money transfer.
All brokers accept wire transfers, you might need to call your bank to authorize that, avoid Equity bank. Stanchart and Stanbic are alright. Large withdrawals $10k+ you will have to call them prior. Get Skrill and Neteller if you don’t like banks like me, set up a Bitcoin wallet for faster withdrawals, (Payoneer and Paypal are accepted by some brokers, just check with them.)
How much money can I make..?
I hate this question because people have perceived ceilings of income in their minds, eg 1 million ksh is too much to make per month or 10,000ksh is too little. Instead, work backwards. What % return did I make this month/ on this trade. Safaricom made 19.5% last year, if you make 20% you have outperformed them. If you reach of consistency where you can make x% per month on whatever money you have, then there are no limits to how much you can make.
How much money do I need to start with..?
Zero. You have all the resources above, go forth. There are brokers who provide free bonuses and withdraw-able profits. However, to make a fulltime income you will need some serious cash. Generally, 50,000 kes. You can start lower or higher but if you need say 20k to live comfortably and that is a 10% return per month, then you can do the math on how big your account should be. Of course things like compound interest come into play but that is dependent on your skill level. I have seen people do spectacular things with very little funds.
Taxes..?
Talk to a lawyer or an accountant. I am neither.
Family? Friends?
Unfortunately, people will not understand why you spend hundreds of hours watching strangers on the internet so it is best to keep it from them. Eventually you will make it work and they will come to your corner talking about how they always knew you’d make it.
The journey will be lonely, make some trading buddies along the way. You’d be surprised at how easy it is when people are united by their circumstances (and stupidity) I have guys who are my bros from South Africa and Lebanon who I have never met but we came up together and are now homies. Join forums, ask questions and grow. That is the only way to learn. Ideally, a group of 5-10 friends committed to learning and growth is the best model. Pushing each other to grow and discovering together.
Forex is real and you can do amazing things with it. It is not a get rich quick scheme. If you want a quick guaranteed income, get a job.
And now it is 5am, fuck.
This is oversimplified and leaves out many many aspects.
Happy to answer any questions.
submitted by ChaliFlaniwaNairobi to Kenya [link] [comments]

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KFC6855/环球潮鞋: The Secrets of Replica Sneaker Selling

KFC6855/环球潮鞋: The Secrets of Replica Sneaker Selling
Following a post from u/donjonne about a HUGE Weibo story on how to actually start your own 1:1 repsneaker empire, I figured as a native Mandarin speaker I gave it a shot and translated the entire article, since I myself am pretty damn intrigued what the guy's speaking.Do note this article is written in March 2017, lots of stuff may have been outdated, and I translated word-for-word with some pruned paragraphs that seems like the fella repeating himself. I absolutely hate the weird flowery prose Mandarin always carry when I work on translations, so apologies if the in-jokes or general writing gets a bit dry.
This is my personal tl;dr without the author's boastful claims, so if you're short on time, here's the quick rundown.

How do replica sneakers get sold?

Taobao: Long history with the reputation for being the single biggest online BST hub, with Tmall and Xianyu Second-hands integrated. Lots of fake reviews and seller reputation ratings. The rep game there got outta hand, CEO of Alibaba stepped in and cleaned house, thus everyone moved to...
WeChat: Lots more convoluted, no proper tracking and confirmation like a real shopping app and build quality can vary greatly between sneaker models from the same seller. But through word-of-mouth, standout resellers get recommended more organically, of course you need connections to start with.
Agents: Your best friend if you're overseas, usually ran by freelancers merely collecting orders, reporting back to resellers and have them directly ship your kicks to your doorstep. Agents can be a single person, or a huge operation i.e. Wegobuy and Ytaopal.

How's the quality tho?

Depends. Some will try to bait-and-switch, some will bond genuine friendships for simply being a return customer. Factories often cut corners to save some dough and end up with a worse rep, so like the purpose of this sub, dig into forums and guide yourself to trustworthy sellers. Author also goes on a tangent and revealed the numbers and figures of selling reps, along with the sheer gold rush he's in now. Read below for more info.

Anything of note?

We're getting ripped off. Real hard, if you're a Mainlander chances are you're being sold 1/3 of the prices we see here. Part of the reason is that the multi-level reselling jacks up the price a lot, so unless you're buying in bulk for the purpose of selling them, good luck finding GET-passable OW AJ1's for less than $70. If you get caught selling, it's fines upwards of ¥50,000 and your license revoked, but nothing too serious beyond that. Author promised more novel shoes get made in the future, like Uggs and non-hypebeast dress shoes or sumthin.

With that outta the way, here's the translation for the whole article, hope you'll learn something for it and if there's any mistakes, feel free to point it out in DMs or just in the comments.
EDIT 17/05/2020: punctuation mistakes and missing formatting, also thanks for the kind words repfam
_______________

GOD'S HAND: The Secrets of Replica Sneaker Selling


Having been in the rep game for around 4 to 5 years, it all started out of sheer curiosity. I spent ¥1099 for Air Force 1's some celebrity wore, only to had my buddy show up on me with a fake pair of the same sneaker only costs ¥300.
Not everyone is some rich parents' spoiled brat where a pair of shoes costing a couple grand is considered pocket change, yet everyone has that sense of envy, the need to follow the hype to really stand out from the crowd, so do I honestly. But then again you'd only wear that pair of grails for only a good couple months and it'll be out of the wave, why not I find myself a more wallet-friendly way to do so?
Ever since dipping my toe into the replica community, I'm making connections, meeting new friends and getting scammed in every step I make, keeping contacts of my favorite sellers (looking back yeah they're not the best and cheapest isn't it huh). I'm deep in the rabbit hole now, buying so many pairs I'm starting to be able to tell batches at a glance, and where to hunt down that very best batch at the cheapest price. At this point it's natural that I'm thinking of selling these reps and becoming a middleman with the best of the batches under one roof (which is what's following below).
Anyone who has dealt with middlemen know that actually tracking down the direct factory outlets are nigh impossible, and the multiple stages of middlemen-ception where bigger but more discreet resellers selling to more minor, smaller middlemen can only make one dream of the sheer profit you can make for being on the very top of the pyramid, that idea has only been a mere blip in my mind. There was once in a bar my fam hollered at me with "Yo you remember that John Doe went to Putian for two years? Dude gave up college and has been filthy stinkin' rich by now!" I was like bah it'll never work out for me, but with the summer break I'd worth giving it a shot and have John Doe on the line. And boy howdy, ain't he wildin' right now with his business.
Some say every Nike you see there's 1/3 chance it's straight outta Putian, some say Nike's LC works by handling a pair of dumb shoes to an uninformed factory worker and have him say "fuck kinda shoes are these, looks cool I guess so it's legit?" The only way is to really tear down the whole sneaker and see the markings in UV, and once we're on the point where we can fake inside tags and its barcodes, ask yourself can call out fakes on feet?
A promotion for \"discount\" NB's on Weibo
Ever seen promos like these?
It's what I saw on Weibo today, and you've seen one like it yourself did you? They all look good on the images and you'd be right that they're photos of the real deal, just that of course the shoes you actually get were reps, and for each pair profits are never above ¥100; I sell ya an NB for ¥165, I'd only make ¥50.

REPLICA SNEAKERS: HOW DO THEY GET SOLD?

TAOBAO
Taobao has always been the single biggest hub for BST. Run by the faceless middlemen, sold by the page visits, and reviewed by the bots. And stores with inflated trust scores were used as a front, once costing hundreds of yuan to buy now go for the tens of thousands. As Taobao is taking action to curb counterfeits to make way for legitimate resellers, these fronts are getting more expensive by the day, since then people took it to WeChat later on.
Ask anyone who ran a Taobao store, and they'd tell you "you'll never make a cent unless you're selling fakes". A pair of (fake) shoes take some ¥100 to make, and can be sold as a legit like the thousands of yuan you see on their listings, you'd get away with dozens of fakes sold this way, where you can properly guage and adjust said price to match your profit margins. Once the rep game got popular and the snowball kept rolling, the problem got too big for Ma Yun to not ignore it and he went full banhammer on every rep seller. With every media outlet roasting Taobao's ass, everyone wises up to the knowledge that almost every sneaker you see could be fakes. The stigma lived on, and no one would touch any store where its place of origin writes "Putian".
When life gives you lemons, you make a whole damn lemonade stand and just circumvent the whole damn thing by appearing that you're not from Putian. Problem solved. As you check your shipping details, it always seems to travel from Shangai, Shenzen, Quanzhou or even goddamn Xiamen of all places, even overseas.

Proxy services are very popular due to China's stringent laws
When sneakers are labeled as being shipped from Hong Kong, of course the sellers gonna say "it's from Hong Kong" but in fact it's shipping from Shenzhen, and the seller's excuse is that the sneakers are going through HK's borders from Shenzen then to the buyer's location. Even if you bought fakes in Tmall however, it won't be as bad as the ones sold as legit retails in Taobao. There's just too many of these rip-offs anyway! Had a reseller came to me to buy 10 pairs of sneakers, I make ¥10 each pair, but he sold it as retails and went on to make ¥500 each. Of course I'd panicked a jacked a prices a bit so I could have my own slice of extra profit to ¥20 each pair, said the factories jacked the prices themselves as an excuse.
Hoe's mad I guess

WECHAT
While profit margins are no higher than Taobao, they still range around a dozen yuan on bulk. For all the actual friends I have in WeChat, I'd never believe them not having owned a replica sneaker in their whole life, blah blah blah "factory direct", "wholesale prices" my ass, who really can head to the factories and buy direct these days? Rep resellers buying bulk from those factories are truly the "direct from factory" purchases. Resellers then selling the reps to middlemen and agents, that's another step. Said middlemen then resell these reps to quote-on-quote "middlemen". (NB: may have been the very resellers we see on the sub) And it goes on and on and then, to you, the customer.The so-called A-grade reps you see on WC, let's say we buy it from the factory at ¥200 (for example, the real deal won't be this cheap) and sell to the end-user for ¥400~¥500, it does in fact look decent. Heck, retails may get "called out" in forums and reps may sneak under the radar. Chat and forum opinions aren't good indicatiors for a rep's actual quality. Thus you may wonder why buy retails at this point? No one would really hit the New Balance outlets at their local Wanda mall and ask the teeny-bop promoter lady if their kicks are legit anyway, so wouldn't this been the dream job you've wanted, right?
SMALL-TIME AGENTS
These sort of agents are mostly handling orders from overseas to cater the westerners, mainly Russian, SE-Asian, North/South American countries etc., and will never be some solo project as they always come in groups of a few dozen staff members. These agent groups can also hire decently well-spoken college students to help converse customers in English and pay them good pocket change, which is eerily similar to how Forex scams work before, but this time they're doing legit businesses for a change. Sort of.
FREELANCE AGENTS
The most common agent you may come across can be your close friends, they get instant payouts for attracting their local classmates to collect orders for reps, and this wannabe hustler reports them back to the resellers to ship to school dorms directly.

REPLICA BUILD AND QUALITY

Replicas reach far, far and wide. You could see your neighborhood cleaner aunt wearing 990v4s, motorbike taxi riders wearing Duck Camo AM90's, your kind old uncle next door exercising in Flyknit Racers and so on. NB, Nike, Converse, Ascis, Kappa; any brand you wanted they got it. ¥100 to ¥500 is what the factories charge, but after it hits resellers with a ¥200 hike, the illusion what seems to be a shoe that'll last breaks down as it wears out after a few wears. Bad stitching? Poorly-tumbled faux-leather? Off-moulded shape? I'd believe you but you sure you can tell if the EVA is fake by just looking on it? Is the gluing pattern underneath it visible even? A good deal of local boutiques sell ¥120 replicas at official retail prices like ¥599, a good ¥400 profit.
Putian factories are split into "heavy" and "light" industries. The heavy industries builds the sneaker as a whole from scratch, while the light industries were like CKD vehicles, where parts are purchased and assembled together instead. and quality of each part of the sneaker depends among factories. Lots of them try to cut corners to save every extra cent, which explains the decreasing quality of recent sneakers you see now. Larger factories has always been delivering consistently decent sneakers, as customers who contacted them are much picker and won't slash prices along with quality out of the blue. The stitching (and Nike Air units/Boost soles even!) is close enough to pass off as retails. Some of the more badass factories can make a batch of 100 brand new replicas for you, just hand in a donor retail pair and they'll get to work.The old dogs in Putian has been around for ages, runs most of the resellers you know and love. They buy reps from the factory direct at ¥140, sell to resellers at ¥160 and have the resellers push ¥180, at these prices the shoes are just not enough to satisfy demand. I've gave it an estimate if the factory got his order to 30 dozen pairs of reps, with each pair a ¥20 profit, we're looking at ¥7,000 a day or ¥20,000 a month in gross profit.
Of course, the Sales and Commerce Assoc. will still take a heavy hand on counterfeit sneakers till today, basically a few sellers every month get caught in the counterfeit business. The offenders walk into the office, sit down, had "the talk" yet again and pay a good ¥30k~¥50k fine and had their licenses taken away, for just awhile. Factories themselves get raided very seldom, maybe a every 6 months only a single factory gets caught per year. Putian has become the leading worldwide repsneaker operation for the entire world, and outputs around 50% the actual worldwide sneaker market, an estimated ¥20bn yearly. The Nikes and Adidases you wear now has an "OEM" for that. You may have bought a brand sneaker [in China], but it may very well be a fake regardless, to be fair the quality itself is indistinguishable anyway.

REPSNEAKER GRADES

1) The Standard Putian's cheapest offering, pretty much trash tier and a certain Taobao sells them the most often :^)
2) The GET Batch A huge improvement from the Standards, and the so-called 1:1 batch from the mouths of others. It's really not, some of the materials itself is not as fine or accurate as the real deal. Tmall often sells these batches, but often get sold as retails.
3) The 1:1 The absolute tip of the high-end replicas. Take it to HuPu.com and only the eagle-eyed few would call you out. Not everyone can get their hands on them, regardless of price. [eg: similar situation to UABat's Union AJ1's]
4) The Retail Nuff said, just retails. (But really, reps cost just 1/5 of the retail price, why bother lol?)
A snapshot of KFC6855's wares

HOW TO TELL FAKES

[The author essentially details how to LC NB998's, so this is best skipped as it adds nothing to the article other than repeating the author's point over and over.]

THE REPSNEAKER FUTURE

If you ever think replica sneakers will only remain within the hypebeast sporty trainer radar, oh you'd be surprised. The replica factories are on full steam, churning out Dr. Martens, UGGS, Tod's and a lot more to come. If you're interested, my WeChat: KFC6855 has them on sale right now, guaranteed to keep ya comfy this winter.

With all that said, I hope you learnt something from this, and now that you know if you really wanted a retail pair to sleep well at night, just don't get 'em in online stores. There's no glitz and glamor selling counterfeit sneakers, it's just business after all.
If you know, you know.

submitted by TeddyTheEspurr to Repsneakers [link] [comments]

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