fntman, Author at Forex News Trader

Bitcoin News Trader in Action

Bitcoin News Trader is a software program designed to help gauge what the public sentiment is regarding Bitcoin, and then help you create a stronger trading strategy so that you can profit from what is happening in the Bitcoin community. It’s no secret that Bitcoin is still extremely volatile. Thanks to the sudden rise in popularity that it’s seen over the last two years, Bitcoin has also become more widely traded than ever before. At times, this can increase its volatility. XBT News Trader works because it allows you to get a better handle on which direction that volatility will swing in and help you to make better decisions as a result of that information.

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How it Works

The News Trader works by compiling all of the news that’s out there on Bitcoin and cryptocurrencies in general, and then determines how these news events will influence the price of Bitcoin. You can then trade as you see fit with this data.

Once you download the software, you will have a dashboard where you can view the reports. As news is analyzed, the direction of that analysis and the strength that it is likely to have on price will update to your computer. When you see information that you think will impact price, you then go into your broker’s platform and execute trades there. That’s it! This was a surprisingly easy to use software platform, although it’s probably best to explore all that it has to offer before you start making trades with it. This way, you can take advantage of the features that will help you and learn how to navigate it appropriately before money is on the line.

Getting Started

Creating and using an account with Bitcoin News Trader is actually pretty simple. The process has a few different steps that go along with it, but overall, it’s pretty easy. First, you need to go to their site and create an account. You’ll need to give a little bit of personal information, including the email account that you will use to trade with. Once you do this, you’ll be assigned a broker. This is dependent mostly on where you live so that you can stay compliant with your local laws. After you make a deposit to this broker, then you will be emailed a link to download the XBT News Trader software. Download that, and you’re good to go.

A lot of people wonder why you need to go through these steps to use the software. Well, the people that have created this software do not work for free. They have put a lot of time, money, and energy into the software, and although they don’t charge you to use the software up front, they still need to create a profit for themselves. This way allows the brokers that they partner with to see how much money they are bringing into the broker, and then compensate the XBT News Trader team appropriately. You don’t need to pay anything extra, and they make a profit when you use their software. Everyone wins!

This model also encourages the team to keep improving their process. When you are doing well because of their product, they see greater rewards. This model encourages accountability.

Who Benefits from XBT News Trader?

This software is designed to help traders of all experience levels. Beginners can easily use it, although this isn’t always the best tool to start out with. It provides advice based on sentimental analysis, but this is just a starting point. The News Trader acts as a supplement, and although beginners will benefit from this, it is not the only thing that should be used during trade analysis time.

With that said, anyone who uses News Trader will benefit from it when they use it correctly. It is a great tool to gauge whether conditions for trading will be bearish or bullish, and it helps traders to get a better impression of where the overall market is and where it’s likely to go. For that reason, we recommend XBT News Trader to all serious Bitcoin traders who want to get a better handle on what the public thinks about the crypto market.

Negatives

There are a handful of things that we weren’t overly thrilled with concerning the XBT News Trader software. For one, you can’t use your broker of choice. That decision is made for you. This takes away some of the freedom that you want with your trading, but it keeps the software relatively free to use. However, little things like extra costs can potentially impact your profitability, especially if you already have a decent analysis method that you’ve been working on.

Another negative that was apparent is that some of the features of the site are not compatible with every broker that is assigned. For example, the software offers Forex analysis, but not all of the brokers that are assigned to traders allow this Forex CFD trading. Unfortunately, this is largely determined by where you live so there’s not much control over this issue for the time being.

Conclusion

There’s a lot to say about cryptocurrency trading, and it’s not all positive. However, XBT News Trader is a breath of fresh air in this quickly growing market. It takes hours of research and compiles it into a single daily report, allowing you to make a quick impression of what’s going on without doing that research yourself. It’s a process that can save you hours of work.

You don’t need to trade just Bitcoin to use this software. They also track Litecoin, Ethereum, Ripple, and a few other cryptocurrencies. This makes the software great for crypto traders of all sorts. This opens up the usefulness of the product to many others.

There’s very little to risk when you use this software, and a lot to gain if you use it as a supplement to other analysis methods. If you’re interested in learning more about it, we invite you to go check out their site. You’ll be glad that you did. BitCoin News Trader has the potential to change how you trade for the better, and that’s a good thing.

Now is Your Chance to Trade the News with XBT News Trader

ThinkMarkets

ThinkMarkets is the Place to Trade if You are from Australia

ThinkMarkets is a Forex broker based out of Australia. Founded in 2010, this broker has grown to also have offices located in the UK. They have a very strong product, but that doesn’t mean that their services are right for everyone. Before you create an account with ThinkMarkets, be sure that you know the basics about the broker, what they have to offer, and how well that will fit in with your trading plan. Then, if they are still at the top of your list, create and fund an account. It’s always best to have the facts right before you begin, and our goal is to help you get the information that you need to make a smart and informed decision when it comes to your money.

Ready to learn more about the brokerage services that ThinkMarkets offers? Keep reading.

Trading Details

ThinkMarkets has a number of different assets available for trading. These include all major currency pairs, many minor pairs, metals trading, CFDs, and spreads. You will also have access to a couple different commodities, including oil and natural gas.

The spread on your currency pairs will vary depending on what you choose to trade. Spreads start as low as 0.1 pips, but will vary throughout the course of the day and depending on the particular asset that you select. Be sure to comparison shop this broker along with others looking at just the specific assets that you will be using with frequency.

You can use MetaTrader 4 on all devices, including mobile, with ThinkMarkets. This comes with a huge amount of trading and analysis tools, including access to trading robots and other expert advisors. If you choose not to use MT4, you will still be able to use the tools and educational materials that the broker supplies. We recommend using MT4 simply because it gives you much more freedom in the financial markets. It’s recognized as a universal platform, and will be helpful if you ever decide to switch brokers or want to use a tool that ThinkMarkets doesn’t supply.

The maximum amount of leverage that you can use, regardless of the trading platform that you use, is 400:1. Just remember that high amounts of leverage are good for some traders, but not everyone. Increased leverage comes with increased risk, so keep this in mind when making this decision.

Are U.S. Clients Allowed?

No. ThinkMarkets does not accept traders from the United States. They also do not accept traders from Japan. This is due to local regulations that bind Australian based financial bodies. In order to help their local clientele to the fullest extent, ThinkMarkets must remain in compliance with this law. If you are located in an area that they service, you can be assured that they take great strides to maintain their good standing with the legal authorities.

How Can I Create an Account?

If you’re thinking of creating an account with ThinkMarkets, get in touch with their customer service department first so that you can open up a demo trading account. This way, you can get a good feel for what their trading product is like and even gain some real time experience in a zero risk setting. You will be able to use this for several days before you will need to make a decision on whether you will be funding a real money account or not.

To create an account, you will need to supply some basic information, including your name, residence, and you will need to agree to the site standards. You’ll also need to select a base currency. Once this step is finalized, you cannot change your currency. For most people, this step is pretty simple, but spend a moment to make sure that you choose what’s best for you. You can choose from the AUD, CAD, EUR, USD, GBP, JPY, and the NZD.

Next, you will need to choose how you will fund your account. You can use a wire transfer, a credit card deposit, or a few different e-wallet selections like Global Connect, Skrill, Neteller, and PayPal. Each of these comes with a few different pros and cons, so take a moment to look over the details on their site. The method that you use to fund your account will be the method that you use to collect withdrawals, so take this into account when setting things up.

What Else Do I Need to Know?

ThinkMarkets is a fully regulated broker, but that doesn’t mean that you don’t need to be careful on your end. Always follow proper money management techniques. Trading is risky, and it’s possible to lose your money. Be sure to trade smart, watch your leverage, and never trade beyond your means.

Also, as soon as you create your account, it’s smart to send in your required paperwork for a withdrawal right away. You might not make a withdrawal from your account for several months, but this way you can have all of the steps checked off your list before you request a withdrawal. This will expedite the process, and let you know if there is anything you are overlooking before it becomes a pressing matter. We hope this Thinkmarkets review will give you what you need on making the right choice

***Your capital may be at risk. This material is not investment advice.***

Choosing a Bitcoin Wallet

If you’re going to be buying and using Bitcoin, you will need a wallet to store them in. Bitcoin wallets come in a number of different varieties, and before you sign up for one and start using it, it’s very important that you know what the different types are, what their functions and utilities are, and whether or not they fit your goals for Bitcoin usage.

Let’s break it down quickly and give an overview of what each of the major types of wallet is, and what they can do for you.

Mobile Wallet

The mobile wallet is perhaps the most prevalent type of Bitcoin wallet out there. They can be downloaded right onto your smartphone, and they do have a lot of cool features. These are really good for small transactions, but much like your normal wallet, you don’t want to have too much in your mobile wallet at any one time. These are considered to be low security wallets, and they are much easier to hack than other types of wallets. Think of it like being pickpocketed, but from a digital thief. They’re great for going places and paying for things on the go, but not great for storing more than a hundred bucks or so at a time.

Bitcoin Bank

A Bitcoin bank is a really easy place to store bitcoins and they give you fast access if you wish to buy, sell, or spend BTC. The downside is that you do not gain access to private keys. Instead, these are stored within the bank, encrypted. For some people, that’s not an issue, but for others it is. Most experienced Bitcoin traders treat these as a transition tool, but don’t find any real utility from Bitcoin banks.

Hardware Wallet

A hardware wallet is the safest when it comes to security, but they offer no mobile benefits. Think of this as a computer, but without any internet connection. You can go into the hardware and place or retrieve your BTC, but it must be done in person, usually through a USB port. For storage of coins that you want to keep off the grid, this is a perfect solution. Starting prices for these are usually around $60 USD.

High Privacy Wallet

A high privacy wallet is a good choice for those who want to stay as far off the grid as possible. Many of these even have offline storage, which is great for those that value safety and privacy. There are many different variations of these, and some have more flexibility than others. Some allow you to join coin mixing groups, too. This can be a good long term solution for storage, but it’s certainly not the only choice.

Full Wallet

A full wallet allows you to copy the blockchain and you can act as a peer to peer “node” for the Bitcoin community. This is a type of Bitcoin mining, and over the long run, many Bitcoin enthusiasts have found this to be a profitable venture. There are a few different full wallets out there, with slightly different policies.

Paper Wallet

Storing your BTC in a paper fashion seems odd for some because this is a techno-currency, but it is possible to print out the information that you want through a paper wallet generator. This is a safe way to store your Bitcoins long term (you can’t hack paper!), but as you can imagine, if the paper is destroyed, you lose what you’ve stored. If you go with this option, be sure to keep your papers in a fireproof and very safe place. If you wish to buy BTC and hold it for a few years, this can be a great choice.

Finally, don’t forget that you can have more than one wallet. In fact, that’s becoming more and more of a trend these days. Many Bitcoin users have their mobile wallet right on their cell phone, and then have a more secure wallet (often a hard drive) at home. Any combination that helps you to do what you need to do, and stay safe in the process, is completely acceptable.

And don’t forget to familiarize yourself with all of the rules and regulation specific to the wallet(s) that you decide to go with. Being aware of the rules, and the timeframes for which transfers and transactions will take place will help make your Bitcoin experience a much smoother one.

Cash Back Forex

Get Paid to Trade - Start Using Cash Back Forex Right Here

CashBackForex.com is one of the major players in the Forex Rebate part of the Forex trading industry. Offering rebates from many of the major brokers, Cash Back Forex not only gives you the money back you deserve, but also provides you with an excellent customer service environment. This is one area of the industry that can be sometimes lost when dealing with an international market, but CashBackfx handles their clients in a professional manner and makes sure that you are happy no matter where you reside in the world.

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Forex Rebates

What Can You Expect from CashBackForex.com?
As a trader you’re always looking for an edge in the market you trade. Forex is no different when it comes to having expenses on the trades you take. For example, all brokers charge some form of commission or spread per round turn. Every time you make a trade the broker makes money, and that is the way it has always been. So, how do you take advantage of using a rebate introducing broker to maximize your profits? If you were getting money back on a trade, win or lose, it makes the trade more profitable no matter the outcome. It only makes sense to trade with a broker that offers you rebates. You’re using the same broker, same platform and same spread, but only this time you make a cash rebate every time you place a trade. This can mini lots or standard size lots. People can find it confusing on how this process works, but once they receive their first monthly rebate check, every thing becomes clear. This is why you see ads that offer “get paid to trade”. You can have a losing month, but once you get your rebate check, you may in turn become profitable for the month.

How Do I Sign Up for Forex Rebates?
The sign up process is just like the way you would sign up for any broker only this time, you fill out a small Form on the www.cashbackforex.com web site and then you sign up through the broker of your choice through their site. One extra small form on the CashBack site is the only difference between making a rebate or not making a rebate. Usually the links for the brokers on cashbackfx.com take you too the official web site of the broker of your choice. It’s really that easy. People sometimes just don’t get how easy it is to start receiving their Forex Rebates.

Which Brokers offer Forex Rebates?
You have more than 15 different brokers to choose from that offer some form of cash back. Which broker is best for your trading, may require a demo or some live testing. You may want Metatrader or something a bit different. Some of these brokers include, FXCM, FXOPEN, Etoro, and Dukascopy just to name a few. Spreads are all different at these sites as are the rebate amounts. Look through the site and see which one is for you. You’ll not be pressured by the staff and you should feel comfortable contacting them at any time with any questions. They are there to help you out and make your decision easier.

In Conclusion, always remember free money is profitable money and with Forex Rebates, you will be more profitable over the long haul.

FxPro

Give FxPro a Shot and See if they are the Right Site For You

FxPro is one of the more popular Europe-based Forex brokers. They are based out of the United Kingdom, and have offices in Cyprus. They are regulated by a couple different regulatory bodies thanks to their widespread reach across the continent. If you’re looking for a new Forex broker, this might be one of the first ones that you will be considering. They are a strong service, but that doesn’t necessarily mean that they are right for you. Before you open up an account with FxPro, be sure to read over our review to get a better idea of who they are and whether they match up with your needs as a trader.

What Do They Offer?

Let’s start with the basics. FxPro has a wide range of currency pairs to choose from. They offer all of the major pairs, along with most of the secondary currencies. They also offer metals trades, stock CFDs, and index CFDs. You can also find futures trades on certain assets. The list of what’s available is always changing as new items are added, so checking out their site for more details on what is currently being offered.

What Trading Detail Do I Need to Know?

Like all Forex brokers, FxPro does have spreads on their trades. The easiest pair to look at is the EUR/USD just because it is the most widely traded asset. The average spread on this is 0.6 pips per trade, but you’ll see variation once in a while, depending on the platform you use, the time of day, and a few other factors. Also, be sure to know that this is just the info for the EUR/USD. Other pairs and CFD assets will see different spreads. These are determined by a number of different factors. If there’s a specific asset that you are wondering about, you can either check out the site for more info, or get in touch with one of their customer service reps.

Leverage will also vary a bit from platform to platform. If you use the MetaTrader 4 platform—which we recommend—you will be given a maximum leverage number of 500:1. Other platforms will vary a bit, but we’ve found MT to be the most reliable just because it is so prevalent in the industry and has so many beneficial features that come with it for free.

Do They Accept U.S. Traders?

No. FxPro does not allow people from the United States to use their services. Different regulations that FxPro is bound to prevent this. If you are looking for a U.S. trader friendly broker, there are many to choose from, so be sure to check out our list for more information.

What Makes this Broker Stand Out?

FxPro has a number of cool features that help it to stand out from the crowd. They are compatible with a number of different trading platforms, including MetaTrader 4 and 5, cTrader, and SuperTrader. The features that come along with each of these different platforms will vary a bit, so be sure to look at what works best with your needs, and then go with the one that will work best for you.

FxPro does offer cash back and rebates on trades. The easiest way to get this feature is to sign up for a new account and then follow the steps as they are listed on the brokerage site. However, you can still get this benefit if you already have an account with FxPro, just be sure to email or call a customer service representative to get this set up for you. The rebate rate can be a bit confusing, but basically, you earn about $2 per lot traded. A lot is equal to 100,000 units of the pair that you’re trading. Obviously, the more you trade, the more you will earn back. To get the most out of the rebate system, you will need to have solid trading practices in place. Trading is risky, and rebates will not do a lot to alleviate that risk. Strong money management is important to your success.

Account Information

If you want to open up an account with FxPro, you will need to go to their site and set one up. The process is laid out in a step by step fashion, and it isn’t too difficult to go through. You can fund an account with a major credit card, wire transfer, or a handful of e-wallets. These include PayPal, Neteller, Skrill, and a few others. You will need your name, place of residence, and an email address to set up an account. Be sure to pick a secure password. To withdraw funds, you will be asked to prove your identity. The sooner you fulfill this requirement, the easier the withdrawal process will be.

As always, be sure to get in touch with an employee of the site through their contact page if you have any further questions. The process for creating an account is very simple, but that doesn’t mean that it’s perfect. Their team is responsive and helpful, so if you do have questions, get in touch with them by phone, email, or online chat.

Accounts can be funded with USD, AUD, EUR, CHF, GBP, JPY, or PLN. Pick the currency that meets your needs best. Once you choose a currency, you cannot change it later on. This is how all financial transactions will be conducted.