Inter bank deals in forex trading - MBA Knowledge Base

How to deal with bank enquiring our bank account due to its transactions? (Forex Trader)

submitted by lord_sehr to Brunei [link] [comments]

@AlphaexCapital : Deutsche Bank have raised their probability for a 'no-deal' Brexit to near 50% https://t.co/Byv8VEd2pU #forex #news #forextrading #investing

@AlphaexCapital : Deutsche Bank have raised their probability for a 'no-deal' Brexit to near 50% https://t.co/Byv8VEd2pU #forex #news #forextrading #investing submitted by AlphaexCapital to AlphaexCapital [link] [comments]

HSBC Bank Has Settled $250 Billion Worth of Forex Deals on Its “FX Everywhere” Blockchain Last Year

HSBC Bank Has Settled $250 Billion Worth of Forex Deals on Its “FX Everywhere” Blockchain Last Year submitted by coincrunchio to Crypto_Currency_News [link] [comments]

HSBC Bank Has Settled $250 Billion Worth of Forex Deals on Its “FX Everywhere” Blockchain Last Year

HSBC Bank Has Settled $250 Billion Worth of Forex Deals on Its “FX Everywhere” Blockchain Last Year submitted by cryptoallbot to cryptoall [link] [comments]

Pagamentos B2B em USA dolares do Brasil

Oi amigos.
Saudações da Ucrânia.
Uma empresa registrada dentro do Brasil pode pagar USA dólares a outra empresa dentro do Brasil pelos seus serviços ou produtos?
Em outras palavras, é possível usar USA dólares em pagamentos B2B dentro do Brasil (não exportações / importações)?
submitted by Undbergen to brasil [link] [comments]

UK Banks To Take £1bn Hit As Forex Deal Looms

submitted by HoogaChakka to business [link] [comments]

Aussie users

Who here is an Australian user of the app?
What’s your opinion on the app and the cards associated with it?
New user here and just wondering how everyone in Australia rates this service over the rest of the available apps
submitted by spietro1010 to Crypto_com [link] [comments]

Former investment bank FX trader: some thoughts

Former investment bank FX trader: some thoughts
Hi guys,
I have been using reddit for years in my personal life (not trading!) and wanted to give something back in an area where i am an expert.
I worked at an investment bank for seven years and joined them as a graduate FX trader so have lots of professional experience, by which i mean I was trained and paid by a big institution to trade on their behalf. This is very different to being a full-time home trader, although that is not to discredit those guys, who can accumulate a good amount of experience/wisdom through self learning.
When I get time I'm going to write a mid-length posts on each topic for you guys along the lines of how i was trained. I guess there would be 15-20 topics in total so about 50-60 posts. Feel free to comment or ask questions.
The first topic is Risk Management and we'll cover it in three parts
Part I
  • Why it matters
  • Position sizing
  • Kelly
  • Using stops sensibly
  • Picking a clear level

Why it matters

The first rule of making money through trading is to ensure you do not lose money. Look at any serious hedge fund’s website and they’ll talk about their first priority being “preservation of investor capital.”
You have to keep it before you grow it.
Strangely, if you look at retail trading websites, for every one article on risk management there are probably fifty on trade selection. This is completely the wrong way around.
The great news is that this stuff is pretty simple and process-driven. Anyone can learn and follow best practices.
Seriously, avoiding mistakes is one of the most important things: there's not some holy grail system for finding winning trades, rather a routine and fairly boring set of processes that ensure that you are profitable, despite having plenty of losing trades alongside the winners.

Capital and position sizing

The first thing you have to know is how much capital you are working with. Let’s say you have $100,000 deposited. This is your maximum trading capital. Your trading capital is not the leveraged amount. It is the amount of money you have deposited and can withdraw or lose.
Position sizing is what ensures that a losing streak does not take you out of the market.
A rule of thumb is that one should risk no more than 2% of one’s account balance on an individual trade and no more than 8% of one’s account balance on a specific theme. We’ll look at why that’s a rule of thumb later. For now let’s just accept those numbers and look at examples.
So we have $100,000 in our account. And we wish to buy EURUSD. We should therefore not be risking more than 2% which $2,000.
We look at a technical chart and decide to leave a stop below the monthly low, which is 55 pips below market. We’ll come back to this in a bit. So what should our position size be?
We go to the calculator page, select Position Size and enter our details. There are many such calculators online - just google "Pip calculator".

https://preview.redd.it/y38zb666e5h51.jpg?width=1200&format=pjpg&auto=webp&s=26e4fe569dc5c1f43ce4c746230c49b138691d14
So the appropriate size is a buy position of 363,636 EURUSD. If it reaches our stop level we know we’ll lose precisely $2,000 or 2% of our capital.
You should be using this calculator (or something similar) on every single trade so that you know your risk.
Now imagine that we have similar bets on EURJPY and EURGBP, which have also broken above moving averages. Clearly this EUR-momentum is a theme. If it works all three bets are likely to pay off. But if it goes wrong we are likely to lose on all three at once. We are going to look at this concept of correlation in more detail later.
The total amount of risk in our portfolio - if all of the trades on this EUR-momentum theme were to hit their stops - should not exceed $8,000 or 8% of total capital. This allows us to go big on themes we like without going bust when the theme does not work.
As we’ll see later, many traders only win on 40-60% of trades. So you have to accept losing trades will be common and ensure you size trades so they cannot ruin you.
Similarly, like poker players, we should risk more on trades we feel confident about and less on trades that seem less compelling. However, this should always be subject to overall position sizing constraints.
For example before you put on each trade you might rate the strength of your conviction in the trade and allocate a position size accordingly:

https://preview.redd.it/q2ea6rgae5h51.png?width=1200&format=png&auto=webp&s=4332cb8d0bbbc3d8db972c1f28e8189105393e5b
To keep yourself disciplined you should try to ensure that no more than one in twenty trades are graded exceptional and allocated 5% of account balance risk. It really should be a rare moment when all the stars align for you.
Notice that the nice thing about dealing in percentages is that it scales. Say you start out with $100,000 but end the year up 50% at $150,000. Now a 1% bet will risk $1,500 rather than $1,000. That makes sense as your capital has grown.
It is extremely common for retail accounts to blow-up by making only 4-5 losing trades because they are leveraged at 50:1 and have taken on far too large a position, relative to their account balance.
Consider that GBPUSD tends to move 1% each day. If you have an account balance of $10k then it would be crazy to take a position of $500k (50:1 leveraged). A 1% move on $500k is $5k.
Two perfectly regular down days in a row — or a single day’s move of 2% — and you will receive a margin call from the broker, have the account closed out, and have lost all your money.
Do not let this happen to you. Use position sizing discipline to protect yourself.

Kelly Criterion

If you’re wondering - why “about 2%” per trade? - that’s a fair question. Why not 0.5% or 10% or any other number?
The Kelly Criterion is a formula that was adapted for use in casinos. If you know the odds of winning and the expected pay-off, it tells you how much you should bet in each round.
This is harder than it sounds. Let’s say you could bet on a weighted coin flip, where it lands on heads 60% of the time and tails 40% of the time. The payout is $2 per $1 bet.
Well, absolutely you should bet. The odds are in your favour. But if you have, say, $100 it is less obvious how much you should bet to avoid ruin.
Say you bet $50, the odds that it could land on tails twice in a row are 16%. You could easily be out after the first two flips.
Equally, betting $1 is not going to maximise your advantage. The odds are 60/40 in your favour so only betting $1 is likely too conservative. The Kelly Criterion is a formula that produces the long-run optimal bet size, given the odds.
Applying the formula to forex trading looks like this:
Position size % = Winning trade % - ( (1- Winning trade %) / Risk-reward ratio
If you have recorded hundreds of trades in your journal - see next chapter - you can calculate what this outputs for you specifically.
If you don't have hundreds of trades then let’s assume some realistic defaults of Winning trade % being 30% and Risk-reward ratio being 3. The 3 implies your TP is 3x the distance of your stop from entry e.g. 300 pips take profit and 100 pips stop loss.
So that’s 0.3 - (1 - 0.3) / 3 = 6.6%.
Hold on a second. 6.6% of your account probably feels like a LOT to risk per trade.This is the main observation people have on Kelly: whilst it may optimise the long-run results it doesn’t take into account the pain of drawdowns. It is better thought of as the rational maximum limit. You needn’t go right up to the limit!
With a 30% winning trade ratio, the odds of you losing on four trades in a row is nearly one in four. That would result in a drawdown of nearly a quarter of your starting account balance. Could you really stomach that and put on the fifth trade, cool as ice? Most of us could not.
Accordingly people tend to reduce the bet size. For example, let’s say you know you would feel emotionally affected by losing 25% of your account.
Well, the simplest way is to divide the Kelly output by four. You have effectively hidden 75% of your account balance from Kelly and it is now optimised to avoid a total wipeout of just the 25% it can see.
This gives 6.6% / 4 = 1.65%. Of course different trading approaches and different risk appetites will provide different optimal bet sizes but as a rule of thumb something between 1-2% is appropriate for the style and risk appetite of most retail traders.
Incidentally be very wary of systems or traders who claim high winning trade % like 80%. Invariably these don’t pass a basic sense-check:
  • How many live trades have you done? Often they’ll have done only a handful of real trades and the rest are simulated backtests, which are overfitted. The model will soon die.
  • What is your risk-reward ratio on each trade? If you have a take profit $3 away and a stop loss $100 away, of course most trades will be winners. You will not be making money, however! In general most traders should trade smaller position sizes and less frequently than they do. If you are going to bias one way or the other, far better to start off too small.

How to use stop losses sensibly

Stop losses have a bad reputation amongst the retail community but are absolutely essential to risk management. No serious discretionary trader can operate without them.
A stop loss is a resting order, left with the broker, to automatically close your position if it reaches a certain price. For a recap on the various order types visit this chapter.
The valid concern with stop losses is that disreputable brokers look for a concentration of stops and then, when the market is close, whipsaw the price through the stop levels so that the clients ‘stop out’ and sell to the broker at a low rate before the market naturally comes back higher. This is referred to as ‘stop hunting’.
This would be extremely immoral behaviour and the way to guard against it is to use a highly reputable top-tier broker in a well regulated region such as the UK.
Why are stop losses so important? Well, there is no other way to manage risk with certainty.
You should always have a pre-determined stop loss before you put on a trade. Not having one is a recipe for disaster: you will find yourself emotionally attached to the trade as it goes against you and it will be extremely hard to cut the loss. This is a well known behavioural bias that we’ll explore in a later chapter.
Learning to take a loss and move on rationally is a key lesson for new traders.
A common mistake is to think of the market as a personal nemesis. The market, of course, is totally impersonal; it doesn’t care whether you make money or not.
Bruce Kovner, founder of the hedge fund Caxton Associates
There is an old saying amongst bank traders which is “losers average losers”.
It is tempting, having bought EURUSD and seeing it go lower, to buy more. Your average price will improve if you keep buying as it goes lower. If it was cheap before it must be a bargain now, right? Wrong.
Where does that end? Always have a pre-determined cut-off point which limits your risk. A level where you know the reason for the trade was proved ‘wrong’ ... and stick to it strictly. If you trade using discretion, use stops.

Picking a clear level

Where you leave your stop loss is key.
Typically traders will leave them at big technical levels such as recent highs or lows. For example if EURUSD is trading at 1.1250 and the recent month’s low is 1.1205 then leaving it just below at 1.1200 seems sensible.

If you were going long, just below the double bottom support zone seems like a sensible area to leave a stop
You want to give it a bit of breathing room as we know support zones often get challenged before the price rallies. This is because lots of traders identify the same zones. You won’t be the only one selling around 1.1200.
The “weak hands” who leave their sell stop order at exactly the level are likely to get taken out as the market tests the support. Those who leave it ten or fifteen pips below the level have more breathing room and will survive a quick test of the level before a resumed run-up.
Your timeframe and trading style clearly play a part. Here’s a candlestick chart (one candle is one day) for GBPUSD.

https://preview.redd.it/moyngdy4f5h51.png?width=1200&format=png&auto=webp&s=91af88da00dd3a09e202880d8029b0ddf04fb802
If you are putting on a trend-following trade you expect to hold for weeks then you need to have a stop loss that can withstand the daily noise. Look at the downtrend on the chart. There were plenty of days in which the price rallied 60 pips or more during the wider downtrend.
So having a really tight stop of, say, 25 pips that gets chopped up in noisy short-term moves is not going to work for this kind of trade. You need to use a wider stop and take a smaller position size, determined by the stop level.
There are several tools you can use to help you estimate what is a safe distance and we’ll look at those in the next section.
There are of course exceptions. For example, if you are doing range-break style trading you might have a really tight stop, set just below the previous range high.

https://preview.redd.it/ygy0tko7f5h51.png?width=1200&format=png&auto=webp&s=34af49da61c911befdc0db26af66f6c313556c81
Clearly then where you set stops will depend on your trading style as well as your holding horizons and the volatility of each instrument.
Here are some guidelines that can help:
  1. Use technical analysis to pick important levels (support, resistance, previous high/lows, moving averages etc.) as these provide clear exit and entry points on a trade.
  2. Ensure that the stop gives your trade enough room to breathe and reflects your timeframe and typical volatility of each pair. See next section.
  3. Always pick your stop level first. Then use a calculator to determine the appropriate lot size for the position, based on the % of your account balance you wish to risk on the trade.
So far we have talked about price-based stops. There is another sort which is more of a fundamental stop, used alongside - not instead of - price stops. If either breaks you’re out.
For example if you stop understanding why a product is going up or down and your fundamental thesis has been confirmed wrong, get out. For example, if you are long because you think the central bank is turning hawkish and AUDUSD is going to play catch up with rates … then you hear dovish noises from the central bank and the bond yields retrace lower and back in line with the currency - close your AUDUSD position. You already know your thesis was wrong. No need to give away more money to the market.

Coming up in part II

EDIT: part II here
Letting stops breathe
When to change a stop
Entering and exiting winning positions
Risk:reward ratios
Risk-adjusted returns

Coming up in part III

Squeezes and other risks
Market positioning
Bet correlation
Crap trades, timeouts and monthly limits

***
Disclaimer:This content is not investment advice and you should not place any reliance on it. The views expressed are the author's own and should not be attributed to any other person, including their employer.
submitted by getmrmarket to Forex [link] [comments]

This May Be Out Of Topic But May Help Us In The Long Run

Hi guys. I believe I've found myself surrounded by great personalities here on this platform and I'm grateful I joined this social forum.
We have really smart and interesting people here who stand to gain a lot from these financial markets. The mistake I'd hate for us to make is not investing in something less volatile than the forex markets. We are lucky enough to make money while a lot of our dear friends who do 9-5 are losing jobs left right and centre, and stand to lose their properties if another job doesn't come up.
At first I wanted to have a lot of people to admire my social media with my possessions but I'm glad I was humbled by the market before I could make a fool out of myself. Maybe bringing dignity to this industry is what we need to do.
With that being said, a lot of banks are repossessing assets across the world right now. Once your monthly profit is good, you'd get really great deals right now on cars and throw them on Uber services. Houses that are repossessed below market value currently are pretty attractive, revamping and renting out or toss them on Airbnb for a couple of years before reselling wouldn't be a bad idea especially since the market will have been restored. There's auctions all over the place and art, cars, houses, heavy duty caterpillar assets are so irresistible. Let's do this guys.
Have an amazing, green and easy week full of pips and money. 💰
submitted by SupplyAndDemandGuy to Forex [link] [comments]

Daily Lesson for My Parents

The scene: I receive an email from my father. He sent me this link:
https://cayarekylajules.gitlab.io/julescayarek/?placement=silverprice.org&creative=476738494285&campid=11533504265&gclid=EAIaIQobChMIu-_F-aH27AIV8QFoCB3HOQY8EAEYASAAEgKq6fD_BwE
This was my response:
---
If it seems too good to be true, it probably is. If your "investment" strategy seems akin to placing a bet in a casino, then you're not really investing. You're gambling.
The significance of seeing a world government backing a cryptocurrency is high. Presumably it would be a cryptocurrency designed and supported by that country's central bank. Many countries (including Canada) are currently working on such projects.
The catch though is that governments are not interested in careless speculation. They want stability in their national currencies. There are already several cryptocurrencies out there that are designed as "stablecoins," ie. they are designed to try to be pegged to the USD or Euro. So obviously a cryptocurrency that is designed to be pegged to fiat will not see any significant appreciation, save for marching in lockstep with the pegged national currency.
There are still a lot of good uses for digital stable-coins, as opposed to traditional fiat. They would work very similar to current fiat currencies, and their stability would be an asset to certain classes of investors. Currently, they are used when investors/speculators think that other cryptocurrencies such as bitcoin are about to drop in price. The traders move their funds out of bitcoin and into the stablecoin, so the value is preserved, and then if the cryptocurrency actually drops in price, they can sell their stablecoin and buy the cryptocurrency again, ending up with a greater quantity of the cryptocurrency than they had when they started.
The thing about cryptocurrencies that concerns me the most is that so few people understand how they work, and for those people, there is a serious risk of losing funds. Does anyone think that it's a good idea for someone with a grade 8 education to have access to a trading account where they can trade margined forex or leveraged derivatives? No. And for a lot of people, a true understanding of the characteristics and value of cryptocurrencies requires a good deal of financial and banking acumen, plus a solid grounding in economics. And perhaps it would help to have some mathematics and coding experience on the side.
Edit: And to be clear, that site is also a scam.
submitted by CanadianCryptoGuy to CryptoCurrency [link] [comments]

2 years of PTI with the economy

As PTI comes onto two years, I felt like making this post on account of seeing multiple people supporting PML-N for having an allegedly better economy for Pakistan, particularly with allegations present that PTI has done nothing for the economy. So here's a short list of some major achievements done by PTI in contrast to PML-N.
This is by no means a highly comprehensive list, just my opinion on some of the bigger achievements; saving the economy from defaulting, adopting tax reforms, tourism reforms, export reforms among them whilst managing covid and economic stability with relative success.
There are of course a multitude of other factors, successfully avoiding a blacklist from the FATF, macroeconomic reforms, attempts to strengthen the working class; ehsaas programs, Naya Pakistan housing schemes alongside other relief efforts. These are measures in accordance with curtailing the effect of increasing taxation and attempts to abate the economic slowdown that came as a result of forcing an increase in government revenue. Alongside the focus on multiple new hydroelectric dams, industrial cities, reduction of the PM office staff from 552 to 298, 10 billion tree project and an overall renewed interest in renewable energy and green Pakistan. The list is comprehensive.
Pakistan remains on a rocky path, it is not out of the woods yet. Covid-19 has seriously hampered the overall projections, and caused a worldwide economic contraction. Not only that, but there are criticisms that can be attributed to the government as well, as they are not without fault. However, the overall achievements of the government with regards to the economy do present hope for the long-term fiscal policy and development of Pakistan.
submitted by moron1ctendenc1es to pakistan [link] [comments]

Everything You Always Wanted To Know About Swaps* (*But Were Afraid To Ask)

Hello, dummies
It's your old pal, Fuzzy.
As I'm sure you've all noticed, a lot of the stuff that gets posted here is - to put it delicately - fucking ridiculous. More backwards-ass shit gets posted to wallstreetbets than you'd see on a Westboro Baptist community message board. I mean, I had a look at the daily thread yesterday and..... yeesh. I know, I know. We all make like the divine Laura Dern circa 1992 on the daily and stick our hands deep into this steaming heap of shit to find the nuggets of valuable and/or hilarious information within (thanks for reading, BTW). I agree. I love it just the way it is too. That's what makes WSB great.
What I'm getting at is that a lot of the stuff that gets posted here - notwithstanding it being funny or interesting - is just... wrong. Like, fucking your cousin wrong. And to be clear, I mean the fucking your *first* cousin kinda wrong, before my Southerners in the back get all het up (simmer down, Billy Ray - I know Mabel's twice removed on your grand-sister's side). Truly, I try to let it slide. I do my bit to try and put you on the right path. Most of the time, I sleep easy no matter how badly I've seen someone explain what a bank liquidity crisis is. But out of all of those tens of thousands of misguided, autistic attempts at understanding the world of high finance, one thing gets so consistently - so *emphatically* - fucked up and misunderstood by you retards that last night I felt obligated at the end of a long work day to pull together this edition of Finance with Fuzzy just for you. It's so serious I'm not even going to make a u/pokimane gag. Have you guessed what it is yet? Here's a clue. It's in the title of the post.
That's right, friends. Today in the neighborhood we're going to talk all about hedging in financial markets - spots, swaps, collars, forwards, CDS, synthetic CDOs, all that fun shit. Don't worry; I'm going to explain what all the scary words mean and how they impact your OTM RH positions along the way.
We're going to break it down like this. (1) "What's a hedge, Fuzzy?" (2) Common Hedging Strategies and (3) All About ISDAs and Credit Default Swaps.
Before we begin. For the nerds and JV traders in the back (and anyone else who needs to hear this up front) - I am simplifying these descriptions for the purposes of this post. I am also obviously not going to try and cover every exotic form of hedge under the sun or give a detailed summation of what caused the financial crisis. If you are interested in something specific ask a question, but don't try and impress me with your Investopedia skills or technical points I didn't cover; I will just be forced to flex my years of IRL experience on you in the comments and you'll look like a big dummy.
TL;DR? Fuck you. There is no TL;DR. You've come this far already. What's a few more paragraphs? Put down the Cheetos and try to concentrate for the next 5-7 minutes. You'll learn something, and I promise I'll be gentle.
Ready? Let's get started.
1. The Tao of Risk: Hedging as a Way of Life
The simplest way to characterize what a hedge 'is' is to imagine every action having a binary outcome. One is bad, one is good. Red lines, green lines; uppie, downie. With me so far? Good. A 'hedge' is simply the employment of a strategy to mitigate the effect of your action having the wrong binary outcome. You wanted X, but you got Z! Frowny face. A hedge strategy introduces a third outcome. If you hedged against the possibility of Z happening, then you can wind up with Y instead. Not as good as X, but not as bad as Z. The technical definition I like to give my idiot juniors is as follows:
Utilization of a defensive strategy to mitigate risk, at a fraction of the cost to capital of the risk itself.
Congratulations. You just finished Hedging 101. "But Fuzzy, that's easy! I just sold a naked call against my 95% OTM put! I'm adequately hedged!". Spoiler alert: you're not (although good work on executing a collar, which I describe below). What I'm talking about here is what would be referred to as a 'perfect hedge'; a binary outcome where downside is totally mitigated by a risk management strategy. That's not how it works IRL. Pay attention; this is the tricky part.
You can't take a single position and conclude that you're adequately hedged because risks are fluid, not static. So you need to constantly adjust your position in order to maximize the value of the hedge and insure your position. You also need to consider exposure to more than one category of risk. There are micro (specific exposure) risks, and macro (trend exposure) risks, and both need to factor into the hedge calculus.
That's why, in the real world, the value of hedging depends entirely on the design of the hedging strategy itself. Here, when we say "value" of the hedge, we're not talking about cash money - we're talking about the intrinsic value of the hedge relative to the the risk profile of your underlying exposure. To achieve this, people hedge dynamically. In wallstreetbets terms, this means that as the value of your position changes, you need to change your hedges too. The idea is to efficiently and continuously distribute and rebalance risk across different states and periods, taking value from states in which the marginal cost of the hedge is low and putting it back into states where marginal cost of the hedge is high, until the shadow value of your underlying exposure is equalized across your positions. The punchline, I guess, is that one static position is a hedge in the same way that the finger paintings you make for your wife's boyfriend are art - it's technically correct, but you're only playing yourself by believing it.
Anyway. Obviously doing this as a small potatoes trader is hard but it's worth taking into account. Enough basic shit. So how does this work in markets?
2. A Hedging Taxonomy
The best place to start here is a practical question. What does a business need to hedge against? Think about the specific risk that an individual business faces. These are legion, so I'm just going to list a few of the key ones that apply to most corporates. (1) You have commodity risk for the shit you buy or the shit you use. (2) You have currency risk for the money you borrow. (3) You have rate risk on the debt you carry. (4) You have offtake risk for the shit you sell. Complicated, right? To help address the many and varied ways that shit can go wrong in a sophisticated market, smart operators like yours truly have devised a whole bundle of different instruments which can help you manage the risk. I might write about some of the more complicated ones in a later post if people are interested (CDO/CLOs, strip/stack hedges and bond swaps with option toggles come to mind) but let's stick to the basics for now.
(i) Swaps
A swap is one of the most common forms of hedge instrument, and they're used by pretty much everyone that can afford them. The language is complicated but the concept isn't, so pay attention and you'll be fine. This is the most important part of this section so it'll be the longest one.
Swaps are derivative contracts with two counterparties (before you ask, you can't trade 'em on an exchange - they're OTC instruments only). They're used to exchange one cash flow for another cash flow of equal expected value; doing this allows you to take speculative positions on certain financial prices or to alter the cash flows of existing assets or liabilities within a business. "Wait, Fuzz; slow down! What do you mean sets of cash flows?". Fear not, little autist. Ol' Fuzz has you covered.
The cash flows I'm talking about are referred to in swap-land as 'legs'. One leg is fixed - a set payment that's the same every time it gets paid - and the other is variable - it fluctuates (typically indexed off the price of the underlying risk that you are speculating on / protecting against). You set it up at the start so that they're notionally equal and the two legs net off; so at open, the swap is a zero NPV instrument. Here's where the fun starts. If the price that you based the variable leg of the swap on changes, the value of the swap will shift; the party on the wrong side of the move ponies up via the variable payment. It's a zero sum game.
I'll give you an example using the most vanilla swap around; an interest rate trade. Here's how it works. You borrow money from a bank, and they charge you a rate of interest. You lock the rate up front, because you're smart like that. But then - quelle surprise! - the rate gets better after you borrow. Now you're bagholding to the tune of, I don't know, 5 bps. Doesn't sound like much but on a billion dollar loan that's a lot of money (a classic example of the kind of 'small, deep hole' that's terrible for profits). Now, if you had a swap contract on the rate before you entered the trade, you're set; if the rate goes down, you get a payment under the swap. If it goes up, whatever payment you're making to the bank is netted off by the fact that you're borrowing at a sub-market rate. Win-win! Or, at least, Lose Less / Lose Less. That's the name of the game in hedging.
There are many different kinds of swaps, some of which are pretty exotic; but they're all different variations on the same theme. If your business has exposure to something which fluctuates in price, you trade swaps to hedge against the fluctuation. The valuation of swaps is also super interesting but I guarantee you that 99% of you won't understand it so I'm not going to try and explain it here although I encourage you to google it if you're interested.
Because they're OTC, none of them are filed publicly. Someeeeeetimes you see an ISDA (dsicussed below) but the confirms themselves (the individual swaps) are not filed. You can usually read about the hedging strategy in a 10-K, though. For what it's worth, most modern credit agreements ban speculative hedging. Top tip: This is occasionally something worth checking in credit agreements when you invest in businesses that are debt issuers - being able to do this increases the risk profile significantly and is particularly important in times of economic volatility (ctrl+f "non-speculative" in the credit agreement to be sure).
(ii) Forwards
A forward is a contract made today for the future delivery of an asset at a pre-agreed price. That's it. "But Fuzzy! That sounds just like a futures contract!". I know. Confusing, right? Just like a futures trade, forwards are generally used in commodity or forex land to protect against price fluctuations. The differences between forwards and futures are small but significant. I'm not going to go into super boring detail because I don't think many of you are commodities traders but it is still an important thing to understand even if you're just an RH jockey, so stick with me.
Just like swaps, forwards are OTC contracts - they're not publicly traded. This is distinct from futures, which are traded on exchanges (see The Ballad Of Big Dick Vick for some more color on this). In a forward, no money changes hands until the maturity date of the contract when delivery and receipt are carried out; price and quantity are locked in from day 1. As you now know having read about BDV, futures are marked to market daily, and normally people close them out with synthetic settlement using an inverse position. They're also liquid, and that makes them easier to unwind or close out in case shit goes sideways.
People use forwards when they absolutely have to get rid of the thing they made (or take delivery of the thing they need). If you're a miner, or a farmer, you use this shit to make sure that at the end of the production cycle, you can get rid of the shit you made (and you won't get fucked by someone taking cash settlement over delivery). If you're a buyer, you use them to guarantee that you'll get whatever the shit is that you'll need at a price agreed in advance. Because they're OTC, you can also exactly tailor them to the requirements of your particular circumstances.
These contracts are incredibly byzantine (and there are even crazier synthetic forwards you can see in money markets for the true degenerate fund managers). In my experience, only Texan oilfield magnates, commodities traders, and the weirdo forex crowd fuck with them. I (i) do not own a 10 gallon hat or a novelty size belt buckle (ii) do not wake up in the middle of the night freaking out about the price of pork fat and (iii) love greenbacks too much to care about other countries' monopoly money, so I don't fuck with them.
(iii) Collars
No, not the kind your wife is encouraging you to wear try out to 'spice things up' in the bedroom during quarantine. Collars are actually the hedging strategy most applicable to WSB. Collars deal with options! Hooray!
To execute a basic collar (also called a wrapper by tea-drinking Brits and people from the Antipodes), you buy an out of the money put while simultaneously writing a covered call on the same equity. The put protects your position against price drops and writing the call produces income that offsets the put premium. Doing this limits your tendies (you can only profit up to the strike price of the call) but also writes down your risk. If you screen large volume trades with a VOL/OI of more than 3 or 4x (and they're not bullshit biotech stocks), you can sometimes see these being constructed in real time as hedge funds protect themselves on their shorts.
(3) All About ISDAs, CDS and Synthetic CDOs
You may have heard about the mythical ISDA. Much like an indenture (discussed in my post on $F), it's a magic legal machine that lets you build swaps via trade confirms with a willing counterparty. They are very complicated legal documents and you need to be a true expert to fuck with them. Fortunately, I am, so I do. They're made of two parts; a Master (which is a form agreement that's always the same) and a Schedule (which amends the Master to include your specific terms). They are also the engine behind just about every major credit crunch of the last 10+ years.
First - a brief explainer. An ISDA is a not in and of itself a hedge - it's an umbrella contract that governs the terms of your swaps, which you use to construct your hedge position. You can trade commodities, forex, rates, whatever, all under the same ISDA.
Let me explain. Remember when we talked about swaps? Right. So. You can trade swaps on just about anything. In the late 90s and early 2000s, people had the smart idea of using other people's debt and or credit ratings as the variable leg of swap documentation. These are called credit default swaps. I was actually starting out at a bank during this time and, I gotta tell you, the only thing I can compare people's enthusiasm for this shit to was that moment in your early teens when you discover jerking off. Except, unlike your bathroom bound shame sessions to Mom's Sears catalogue, every single person you know felt that way too; and they're all doing it at once. It was a fiscal circlejerk of epic proportions, and the financial crisis was the inevitable bukkake finish. WSB autism is absolutely no comparison for the enthusiasm people had during this time for lighting each other's money on fire.
Here's how it works. You pick a company. Any company. Maybe even your own! And then you write a swap. In the swap, you define "Credit Event" with respect to that company's debt as the variable leg . And you write in... whatever you want. A ratings downgrade, default under the docs, failure to meet a leverage ratio or FCCR for a certain testing period... whatever. Now, this started out as a hedge position, just like we discussed above. The purest of intentions, of course. But then people realized - if bad shit happens, you make money. And banks... don't like calling in loans or forcing bankruptcies. Can you smell what the moral hazard is cooking?
Enter synthetic CDOs. CDOs are basically pools of asset backed securities that invest in debt (loans or bonds). They've been around for a minute but they got famous in the 2000s because a shitload of them containing subprime mortgage debt went belly up in 2008. This got a lot of publicity because a lot of sad looking rednecks got foreclosed on and were interviewed on CNBC. "OH!", the people cried. "Look at those big bad bankers buying up subprime loans! They caused this!". Wrong answer, America. The debt wasn't the problem. What a lot of people don't realize is that the real meat of the problem was not in regular way CDOs investing in bundles of shit mortgage debts in synthetic CDOs investing in CDS predicated on that debt. They're synthetic because they don't have a stake in the actual underlying debt; just the instruments riding on the coattails. The reason these are so popular (and remain so) is that smart structured attorneys and bankers like your faithful correspondent realized that an even more profitable and efficient way of building high yield products with limited downside was investing in instruments that profit from failure of debt and in instruments that rely on that debt and then hedging that exposure with other CDS instruments in paired trades, and on and on up the chain. The problem with doing this was that everyone wound up exposed to everybody else's books as a result, and when one went tits up, everybody did. Hence, recession, Basel III, etc. Thanks, Obama.
Heavy investment in CDS can also have a warping effect on the price of debt (something else that happened during the pre-financial crisis years and is starting to happen again now). This happens in three different ways. (1) Investors who previously were long on the debt hedge their position by selling CDS protection on the underlying, putting downward pressure on the debt price. (2) Investors who previously shorted the debt switch to buying CDS protection because the relatively illiquid debt (partic. when its a bond) trades at a discount below par compared to the CDS. The resulting reduction in short selling puts upward pressure on the bond price. (3) The delta in price and actual value of the debt tempts some investors to become NBTs (neg basis traders) who long the debt and purchase CDS protection. If traders can't take leverage, nothing happens to the price of the debt. If basis traders can take leverage (which is nearly always the case because they're holding a hedged position), they can push up or depress the debt price, goosing swap premiums etc. Anyway. Enough technical details.
I could keep going. This is a fascinating topic that is very poorly understood and explained, mainly because the people that caused it all still work on the street and use the same tactics today (it's also terribly taught at business schools because none of the teachers were actually around to see how this played out live). But it relates to the topic of today's lesson, so I thought I'd include it here.
Work depending, I'll be back next week with a covenant breakdown. Most upvoted ticker gets the post.
*EDIT 1\* In a total blowout, $PLAY won. So it's D&B time next week. Post will drop Monday at market open.
submitted by fuzzyblankeet to wallstreetbets [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
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If only euro could. Forecast for EURUSD for 20.10.2020

If only euro could. Forecast for EURUSD for 20.10.2020
Despite the second wave of COVID-19 and the rumors of the ECB’s monetary stimulus expansion, the single European currency isn’t giving up. Let’s talk about what is supporting the euro, and make a trading plan for EURUSD.

Weekly fundamental forecast for euro

In spite of, not thanks to.
EURUSD’s yesterday rise could seem strange amid the US stock indexes’ fall and the second pandemic wave in Europe. However, we need simply to understand, what investment idea is prevailing in the market these days. The euro’s descending move is seen as a mere correction. Most investors are sure that Joe Biden’s victory at the elections on 3 November will weaken the dollar, whereas the vaccine will give a boost to the whole global economy. In those circumstances, any hint at the pair’s growth appears to a be a reason for buying it. No one wants to miss the train that will go to the north sooner or later.
Formally, the reasons of EURUSD’s rally were Speaker of the US House of Representatives Nancy Pelosi’s statement that a fiscal stimulus deal is still likely to be made before the election, and the Fed’s dovish comments.
If the Democrats and the Republicans agree on economic help, S&P 500’s rally may continue, the global risk appetite will improve, and the greenback’s position will worsen. Still, the market didn’t believe Pelosi: a deal would raise Trump’s rating. What do the Democrats need that for? Also, Pelosi’s statement sounded too ultimatum-like: if not on Tuesday, then never!
Fed’s Vice Chair Richard Clarida asserts that GDP’s pullback is connected in part with the Central bank’s and the Congress’ relief packages. He thinks that both the lawmakers and the Fed will need to provide additional support for GDP to continue recovering. Atlanta FED President Raphael Bostic believes that some areas of the US economy hardly ever recovered, or didn’t recover at all.
If the Fed is planning to provide an extra stimulus and GDP isn’t recovering, how can we speak about any divergence between monetary policy and economic growth, selling EURUSD in the short term?
During the fortnight ended on 13 October, hedge funds cut euro longs at the fastest pace over the last 8 months.

EURUSD and speculative positions in euro


https://preview.redd.it/sm3q5n39d8u51.jpg?width=562&format=pjpg&auto=webp&s=2014d5aa38de78e681c38b6099aa11e83177c0d5
Source: Bloomberg.
Still, speculative positions aren’t likely to become net shorts: the negative US assets yield and Joe Biden’s probable victory don’t allow investors to buy out dollars.
The Chinese yuan’s consolation may suggest the reasons of EURUSD’s rise to the top of figure 17. In spite of the People’s bank’s intention to put a spoke into USDCNH bears’ plans, the pair returned to the area of its 18-month lows and is ready to update them. That will draw it to the lowest value since July 2018. Investors overestimated the negative impact of China’s GDP’s moderate growth in Q3, and paid attention to strong statistics on industrial production and retail sales.

Weekly trading plan for EURUSD

I mentioned the yuan’s impact on the euro rate many times. Nevertheless, the eurozone’s domestic problems will prevent EURUSD from continuing the rally. The market is concerned about October’s data on European PMI. Most likely, the traders will be selling the euro at $1.178, $1.181 and $1.185 in the nearest time.
For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts-opinions/if-only-euro-could-forecast-for-eurusd-for-20102020/?uid=285861726&cid=62423
submitted by Maxvelgus to Finance_analytics [link] [comments]

Binary Options Recovery: Scammed Traders, Fake Brokers, and Funds Recovery

Binary Options Recovery: Scammed Traders, Fake Brokers, and Funds Recovery
Following the “permanent temporary” measures against binary options and CFDs (contract for difference), the body in charge implements its own set of limitations that simply forbids regulated houses to offer such product in the UK, hence increasing the risk of pushing retails traders towards illegal brokers and outright scams. Fortunately, a new solution is now available to UK traders via a new United Kingdom Financial regulatory ruling.
More scrutiny from UK banks about financial transactions, even to binary optionsIn short, banks will have to take more responsibility about the financial transactions they facilitate. This new ruling should lead to the creation of a new code of conduct that will help defrauded people to have their funds recovered by their bank, unless it is proven they acted recklessly.
As a popular Financial blog puts, it, “It is likely that should a bank or credit card company be either impersonated by a fraudster in order to gain money, or trick a client into depositing, and the bank allows the transfer, a client will be able to take recourse.
The broad protection should kick for many online scheme and scams, whether it is fake investment companies, fraudulent binary options brokers or those scammers who promise to help you recover your stolen funds…only to steal from you once again. On the other hands, it means the banks will be more likely to forbid transactions to legit businesses, such as reputable cryptocurrency exchanges or honest smart options platforms.
The regulating bodies and financial institutions are taking a number of measures to prevent financial fraud. Binary options trading, in particular, is being controlled with a greater degree of robustness to protect the unwary general public being drawn into a situation where they suffer financial losses. Many hundreds of people around the world are targeted each day.
![img](prwn4ha2ecf51 " ")
Frequently they are novice investors who are unfamiliar with the markets and do not recognize that the so-called trading platform and its way of working are actually bogus. The individual only realizes the extent of the fraud when eventually when the fraudsters finally decide that there is no more money to be had and shut down the account and promptly vanish without trace.
Spotting Fraudulent Binary Options Broker
Some lawyers in the financial fraud division are very familiar with the pattern of behaviour demonstrated by the fraudulent brokers and the distress caused by their dealings with inexperienced investors. There is a track of record of recovery in relation to financial fraud and has a number of strategies and tactics to compel the fraudulent broker or associated financial service providers to restore funds to those who have been deceived.
Needless to say, the fraudsters are accomplished at hiding their tracks and frequently there are myriad inter-connected limited liability companies, often some are registered in different countries, with some dormant and some active. It is hardly surprising if the complexity of the situation results in a failure to discover a single person who can be challenged and held accountable.
However, there are various channels financial fraud lawyers use when attempting to retrieve money for clients and each avenue is investigated. Whilst an individual may be alarmed and confused at the prospect of navigating through the complex structures that have been deliberately set up to confuse, Financial fraud lawyers are usually quite familiar with strategies fraudsters use, and frequently can steer a course to the recovery of some or all of the lost money.
https://preview.redd.it/daa505b3ecf51.jpg?width=600&format=pjpg&auto=webp&s=b27aa7697b0bf1afbd238964166ce40c693db2e3
The step of last resort, legal action, is understandably daunting for a person who often has lost significant amounts of money to the fraudulent brokers. It is fully understandable that such a situation will leave the victim decidedly risk-averse. There have been experiences with class actions against the fraudulent brokers and has developed links with litigation funding organizations in order to offset the risk in respect of class actions.
The lessons that can be drawn from the experiences of those individuals who have had the misfortune of losing their investments to fraudsters are to be extremely cautious. Always consider every offer or investment for at least 48 hours before making a decision, a genuine broker will understand the caution that a new investor will view a proposition.
All investments carry a risk and anything that promises a return on your initial investment seems to be significantly higher than normal it is almost certainly not to be trusted. Do not allow yourself to be hurried into a decision, it is highly unlikely that an authentic broker would try to rush you into an investment, especially if you demonstrated reluctance; their reputation would suffer by such behaviour.
You can now recover all money lost to bitcoin, binary options, cryptocurrency, investment, scam by hiring any one of these Verified Wealth Recovery Experts.
To recover money lost to binary options, forex, bitcoins, cryptocurrency, and investment, get all the information you need here; https://bitcoinbinaryoptionsreview.com/binary-options-uk-scammed-traders-fake-brokers-and-funds-recovery/
submitted by sinenyoku to u/sinenyoku [link] [comments]

Euro is rolling down. Forecast as of 16.10.2020

Euro is rolling down. Forecast as of 16.10.2020
The EURUSDis being corrected down amid several negative factors. They are growing political risks in the USA, the second pandemic wave in Europe, and the high risk of a no-deal Brexit. Let us discuss how bad the situation is and male up a EURUSD trading plan.

Weekly euro fundamental forecast

The EURUSD is down to its two-week low for several reasons. The US stock indexes have been trading down for three consecutive days; additional restrictions are introduced in Paris and London because of COVID-19. Besides, the EU officials announce that agreeing a "fair" new partnership with Britain was "worth every effort" but that the bloc would not compromise at any cost, which sends the pound down. The euro bulls are trying to consolidate the price at the bottom of figure 17, betting on China’s rebound and the ECB’s unwillingness to boost the monetary stimulus before December.
China has attracted $6 billion in the dollar-backed obligations, which repeats the record of 2019. According to the median forecast of the financial analysts polled by the Wall Street Journal, China’s GDP will grow by 5.3% Y-o-Y in the third-quarter report, which is much higher than in the April-June period (+3.2%) and close to the data recorded in 2019 (6.1%). The foreign demand for Chinese securities and the optimism about economic rebound allowed the yuan to compensate for most losses resulted from PBoC’s FX interventions. These facts support the euro.
The euro bulls are also encouraged by the ECB’s unwillingness to expand the monetary stimulus at its October meeting. Despite a sharp downturn of the euro-area economy amid the second pandemic waves, the ECB officials believe there is no need yet to ease the monetary policy. According to the head of the Bank of Holland, Klaas Knot, the regulator needs additional information. The ECB Vice-President Luis de Guindos believes that since less than half of the money in the QE framework has been spent, there is no need to boost asset purchases.

ECB monetary stimulus spending


https://preview.redd.it/esnb9ht5dgt51.jpg?width=583&format=pjpg&auto=webp&s=dd293647240a19596f885ecf8728551baa93c363
Source: Bloomberg
The euro is supported by the fact that China’s economy is growing, and the ECB is unlikely to take active measures. However, the dollar demand increases amid the political uncertainty in the US associated with a lower global risk appetite, which sets the EURUSD bulls back.
The number of Americans filing for unemployment benefits rose by 898 thousand in the week ended October 10th, proving the US labor market needs an additional fiscal stimulus. A poor reading has sent the S&P 500 down and strengthened the greenback. Investors still bet on the Democrats’ victory on November 3. However, they are not willing to buy US stocks now, as they remember how Hillary Clinton, who was leading in the ratings, eventually lost to Donald Trump. If the US stock indices continue falling, the market situation will be similar to that of 2017. At that time, the ECB, discontent with the euro strengthening, used verbal interventions, and the pair failed to consolidate above 1.2.

Dynamics of EURUSD in 2017 and 2020


https://preview.redd.it/ck7knoc6dgt51.png?width=593&format=png&auto=webp&s=e04a6232ebb77be11ea89114fb412fd900e69381
Source: Nordea Markets

Weekly EURUSD trading plan

Remarkably, the EURUSD trend depends on the pound now. The UK is discontent with the EU's willingness to prepare for a no-deal Brexit can drop the GBPUSD deeper and send the euro towards $1.159-$1.162. I suggest one continue holding down the EURUSD shorts entered at level 1.178.
For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts-opinions/euro-is-rolling-down-forecast-as-of-16102020/?uid=285861726&cid=62423
submitted by Maxvelgus to Finance_analytics [link] [comments]

Boost your career in the right direction | Mahatma Gandhi University

Boost your career in the right direction | Mahatma Gandhi University
The Bachelor of Commerce is advanced education course intended to upgrade the capacity to learn and examine assortment of subjects: Accountancy, Business Administration, Finance, Economics and Industrial Policies. This course outfits one with the investigative, correspondence and critical thinking aptitudes to successfully distinguish issues, source data and to discover productive and useful arrangements.
In the wake of finishing B.Com the understudies can benefit energizing and assorted post graduate open doors like MBA, M. Com, LAW, International investigations, Designing and Merchandising, MBE, Finance, Economics and so forth which will separate them from the group and set them up for achievement in the worldwide commercial center.
The business takes them at standard with the understudies having proficient degree like BBA, Hotel Management and so on and here and there at higher stage in the event that somebody is from presumed school. All most all colleges and schools in India offer B.Com degree, in this way one can pick the best program by applying from any of top B.Com universities in NCR locale.
Explanation behind B-Com Course being most ideal Option
1. More prominent business openings:
In many profession areas, for example, advanced education, Administration, public issues, and social administrations, a graduate degree is supplanting a single guy's as the base necessity for business. Prior with a four year college education like B-Com one could make sure about a section level situation as an affirmations advisor, scholastic counsellor, or understudy administrations organizer. While holding an advanced education isn't an assurance of extreme achievement, it unquestionably opens a lot more entryways for work.
2. More prominent professional success:
Gaining an advanced education (B-Com) is proof of industriousness, assurance, scholarly ability, and the capacity to deal with testing conditions which are all searched after characteristics for people filling administrator and chief positions. A worker who has exhibited accomplishment in a drawn out circumstance that requires endurance, order, initiative, and the capacity to cooperate with other people will be in line for development openings inside their association.
3. Huge Career decision
A. Sanctioned Accountancy
This is one of the most famous and basic open doors for understudies who have finished or seeking after B-Com. One can select for CA subsequent to finishing B-Com (acquiring least 55% imprints) or after any graduation course with 60% in the graduation.
B. MBA (Finance)
The majority of understudy accept that MBA in money is like bookkeeping, yet in all actuality fund is tremendous subject with bookkeeping being simply important for it. So as to do MBA (money) one have to show up for CAT, XAT and GMAT which make understudies qualified for top B-Schools in India scoring at any rate high as 99.99 percentile.
C. M.Com (Masters in Commerce)
M-Com is Masters in Commerce is ace degree program which understudies can seek after in the wake of finishing their B-Com course from any of from best B.Com school in Greater Noida. Here understudies have choice to pick numerous specializations like Economics, Statistics, Finance, Business, Accounting, etc. and take it further by doing M.Phil. or PhD.
D. ICWAI
ICWAI is cost bookkeeping course offered by Institute of Cost and Works Accountants of India which can be sought after by Commerce understudies in the wake of finishing B-Com. In the wake of finishing ICWAI understudies have great vocation open doors as Financial Controller, Cost Controller, Chief Accountant and Chief Internal Auditor.
4. Huge Job Profiles
B.Com graduate after culmination obviously can decide to work in work profile choice accessible to them contingent upon their gauge and intrigue region, for example, Accountant, Auditor, Consultant ec.
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Subsequent to finishing B.Com understudy have immense decision in various fields where they can investigate their inward ability. Employment territories for trade graduate is in Business Consultancies , Educational Institutes , Industrial Houses, Public Accounting Firms, Policy Planning, Foreign Trade, Banks , Budget Planning, Inventory Control , Merchant Banking , Marketing , Working Capital Management , Treasury and Forex Department , Investment Banking thus numerous for them investigate further.
At MGU (Mahatma Gandhi University), you will learn the best of skills to match the skillset of the real world. The university, mgu, has distinguished faculties, facilities to bring the best to the students so that they get trained & expert in relative skills. MGU, best university in india welcomes you with open hands.
Visit http://www.mgu.edu.in/ or for course enquiries call 8800398794 or mail us [[email protected]](mailto:[email protected]) / [[email protected]](mailto:[email protected]).


Traditonal Programs
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Is PrimeXBT Safe for Canadian Traders?

Is PrimeXBT Safe for Canadian Traders?
https://preview.redd.it/vrq329h41vs51.png?width=1000&format=png&auto=webp&s=a9cdd74e5bfd8c7ca678fcb6663d37d87bc9f7b2
With the dramatic increase in the number of traders and investors in Canada that are using PrimeXBT, one question has been asked recently more than others which is whether PrimeXBT is safe for Canadian traders.
The number of Canadian users at PrimeXBT has been growing rapidly throughout 2020 as a sign that the tools and features on the platform are opening up new opportunities for interacting in the market in more optimal ways.
This guide covers whether or not PrimeXBT is safe for Canadian traders, and looks at some of the features and tools of the platform.
The Canadian Market in 2020
Like much of the rest of the world, the Canadian market has seen some of the highest levels of all volatility in 2020 that have been seen in many years, or even at all throughout the history of cryptocurrency.
The Canadian market has seen renewed growth following the contractions throughout 2018 and much of 2019 when the global bear market in the cryptocurrency space drove many retail investors back out of the market after the exponential growth of 2017.
This has led many Canadian traders to wonder whether we are on the brink of another major bull run as was seen both in 2017 as well as 2013, and that would potentially see the price of Bitcoin driven up to the range of $50,000 or more.
The Exponential Growth of PrimeXBT
With the backdrop of the excitement within the global cryptocurrency market in general, and the Canadian cryptocurrency market more specifically, PrimeXBT has been perfectly positioned for exponential growth since its launch in early 2018.
The platform initially launched at the start of 2018 with a waiting list of more than 150,000 traders, and this showed the interest in the platform that was present even before it came onto the market.
As a result of the unique tools and features provided by PrimeXBT, it has grown exponentially over the past few years to become the world’s leading multi-asset margin trading platform and today managing up to $2 billion worth of global trade every day.
What is PrimeXBT?

https://preview.redd.it/iax449j91vs51.png?width=1000&format=png&auto=webp&s=24ea73d33d4f74afedf75a55b5a51967e95dea04
PrimeXBT is a margin trading-centric platform that provides high leverage trading on a wide range of cryptoassets as well as many of the world’s leading traditional assets.
Traders at PrimeXBT are able to access up to 100X leverage on a wide range of cryptoassets that include BTC, ETH, XRP, LTC, and EOS.
This is whilst also being able to access up to 500X leverage on a range of traditional assets like stock indices such as the S&P500 and FTSE100, forex pairs such as USD/EUR and AUD/CAD, and commodities such as gold and oil.
PrimeXBT: Security Features
From a security perspective, PrimeXBT is one of the leading trading platforms in the crypto market, and has built a strong reputation for being a safe and reliable platform to trade on.
Much of this is as a result of the bank-grade security features that are implemented throughout PrimeXBT that include mandatory Bitcoin address whitelisting and hardware security modules with rating of FIPS PUB 140-2 Level 3 or higher.
By working to add advanced security solutions throughout its platform, PrimeXBT has shown a strong commitment to protecting the funds and data of its users.
PrimeXBT: Security Track Record
While there are many other platforms in the cryptocurrency space that have suffered devastating hacks over the past 2 or 3 years, PrimeXBT is one of a small number of top tier platforms that have remained hack-free throughout this period.
A good example of this is the Binance hack in 2019 that saw the platform lose more than $40 million of its users’ funds, and more recently the KuCoin hack where more than $150 million was lost by that platform.
In contrast, PrimeXBT has never been hacked and has never been breached by hackers and as such remains as one of the most trusted platforms in the market, having a clean security track record.
PrimeXBT: Excellent Customer Support
In 2019, a study of the top 5 crypto margin trading platforms found that PrimeXBT has the best customer service of all 5, and also was the only platform out of the 5 to have full marks for all for metrics.
These metrics were politeness, responsiveness, helpfulness, and the range of different communication channels that were available to users.
By having an excellent customer support structure, PrimeXBT has ensured that its users are able to get fast and easy solutions to the problems and that there is always a direct line of communication open with the admin at the platform to be able to effectively deal with any issues that arise.
Other Advantages of Using PrimeXBT
PrimeXBT also provides a number of other advantages that are unique to the platform including providing the lowest fee schedule of any major cryptocurrency trading platform in the market with a low flat rate of 0.05% applied to all trades, irrespective of the size of a trade or the asset being traded.
As well as this, PrimeXBT’s users can enjoy a robust trading engine that is built into the core of the PrimeXBT platform and that can execute up to 12,000 trades per second with an average trade time of less than 7.02 ms.
PrimeXBT also has a unique 4-tier referral program where the traders can generate revenue streams from direct referrals, as well as indirect referrals up to 4 levels deep, with this dramatically increasing the profitability of affiliate activities, and netting the top 3 affiliates on the platform more than $1 million in 2019.
In Summary
PrimeXBT is a safe and well-reputed trading platform for Canadian traders and this is the reason for its exponential growth of users and volume within Canada over the past months.
As well as being a safe platform to trade at, PrimeXBT also provides a range of unique tools and features to use in order to maximize profitability in the cryptocurrency and traditional asset markets.
To understand more about the security features on PrimeXBT that have protected its users, check out PrimeXBT’s Security page.
submitted by benebit to CryptocurrencyICO [link] [comments]

TransferWise for foreign currency management

Has anyone here used Transferwise (https://transferwise.com/) to deal with foreign currencies? I'm living in the US but frequently get wire transfers in Euros and my bank (BoA) is devouring a huge chunk off the top. My most recent transfer (received payment) was about 10k euros on 8/31 and I lost like $500 of it because it's being converted at like 1.12 when really the euusd rate hasn't been below 1.17 since early august. I called BoA to ask why this discrepancy exists and they said it's due to the rate that the sending bank gives them, which I understand, but that means I have to contact the foreign bank and deal with them which is just annoying and I know they won't change it anyway. I checked on the sending bank's site and it seems they are sending at a rate of about 1.1533 which is closer to the real rate but still about $200 lower than it should be. Looking at Transferwise it seems to imply I can create an account and for a small conversion fee, get much closer to the real forex rate which would mean an extra $300-500/month depending on the size of the payment.
Has anyone used this and if it's not a good solution, how can I keep more of my money? Both sides (receiving and sending) are being shifted significantly from the actual market exchange rate (right now for example the BOA side is converting at 1.1214 for EUR -> USD and costs 1.2449 to go from USD -> EUR...The foreign sign is like 1.15 to go EUR->USD and 1.20 going the other way. Closer, but still not good. The current market rate is actually 1.1856 as we speak).
submitted by sailingsignal to personalfinance [link] [comments]

In 1947, India had just Rs 1500 crore cash. Today, we are about to cross $500 billion in foreign reserves. We have come a long way

In 1947, when India got independence, we had just Rs 1500 crore in cash with us, and even paying Rs 55 crore to Pakistan was a big deal. Mahatma Gandhi had to keep a day's fast to convince Vallabhbhai Patel to transfer Rs 55 crore to Pakistan.
Then we started storing foreign reserves to the calamity and emergency.
In 1960, India had foreign reserves of $1.46 billion, which could have lasted just 8 weeks of import.
In 1980, India had foreign reserves of $7 billion
In 1991, India's foreign reserves dipped to an alarming level of just $1.2 billion, which could have lasted just 3 weeks of imports. RBI had to pledge 46.91 tonnes of gold with the Bank of England and the Bank of Japan, and raised $400 million to deal with the unprecedented crisis
In 2004, for the first time, we achieved foreign reserves of $100 billion
Due to solid performance of our foreign reserves, we somehow navigated the recession of 2009, and our foreign reserves stood at $270 billion
And now, for the first time in our history, India will have $500 billion of foreign reserves. As of now, we have $493 billion, which is enough to sustain 17 months of imports.
We are right now world's 3rd biggest nation with foreign reserves, after China and Japan.
India has indeed come a long way from having just Rs 1500 crore in cash to pledging Gold to sustain the economy, to crossing half a trillion-dollar of foreign reserves.
Sources: 1 2 3 4 5
submitted by wordswithmagic to india [link] [comments]

RBI cuts repo rates by 40 bps

TLDR
Edit: The statement is at: https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/PR239109AC3CAC0F874527895214BDF9E76BF0.PDF
Some stats
Outlook

Regulatory and Policy Announcements
  1. SIDBI credit extended for another 90 days
  2. FPI - Additional 3 months to fulfill commitment requirements
  3. Export credit - Pre-shipment and post-shipment credit extended to 15 months from 12
  4. EXIM Bank - New line of credit of 15,000 crore for 90 days, roll over to 1 year
  5. Importer support - Outward remittances for normal imports can be done for 12 months
  6. Moratorium (in 6 areas) - Term loan, default classification, etc. - Another 3 months till end Aug
  7. Lending institutions are permitted to restore margins for working capital to original levels by Mar '21
  8. Convert accumulated interest in WCF into a funded interest term loan - Basically deferred interest can be paid back over time and by Mar '21
  9. Group exposure limit of banks increased from 25% to 30%
  10. Withdrawal from Consolidated Sinking Fund (CSF) - norms relaxed to deal with redemptions in market borrowings
Conclusion

submitted by srinivesh to IndiaInvestments [link] [comments]

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