George Rest

Raiffeisen Bank is making giant leaps in the digital market. In conjunction with fintech service Billon, the institution has piloted a currency tokenization platform. It has undergone successful testing in line with the bank’s Elevator Lab acceleration initiative. The fact that it utilizes Digitised Distributed Cash technology by Billon renders it a legitimate national currency tokenization. The idea is developing a coin that is backed by the euro and by other legal tenders like the Croatian Kuna. In turn, the currency-agnostic program will facilitate instant cross-border remittances. The project can even support documents thanks to its solid layer. RBI hopes users will be able to transfer payments with their invoices, therefore, saving the time spent on alternative communication channels. This is not RBIs first blockchain pilot venture. In the past, Raiffeisen Bank has developed a direct property network linking buyers and sellers as well as a letter of credit with software heavyweight R3.

A bearish Belt Hold is a candlestick model that appears in an uptrend. A Bearish Belt Hold comprises of two candlesticks with the first one being bullish and connected to a positive trend. Conversely, the second candle should gap up and close near the first candle. The declining stock prices throughout the day create a long candlestick with no upper shadow and a small lower shadow. The idea is showing the possibility of a bearish trend. Take a bullish market scenario. The positivity in most participants improves the market, hence, the Bearish Belt Hold’s opening bullish candle. This attitude extends to the following trading session leading to a positive gap. However, the fear of a reversal triggers selling pressure so the market covers the gap and closes next to or at the exact close of the preceding bar. Therefore, the sellers’ market dominance may continue until they start a bearish movement. Avoid candlesticks you haven’t tried yourself to minimize losses. Like other charting techniques, observe the market for several days before predicting the trends.

A pip represents the value difference between currency pairs. For example, there would be a one-pip change if the EUR/USD pair shifted from 1.2260 to 1.2261. It’s usually a quotation’s last decimal place. Most pairs reach 4 decimal places save for unique currencies like the Japanese yen that takes two places. This change is illustrated as 0.0001 for EUR/USD and 0.01 for USD/JPY pairs. Conversely, a pipette translates to a pip’s one-tenth value. Therefore, a shift from 1.22603 to 1.22604 equals a one-pipette change. The third and fifth decimal digits indicate pipettes for JPY and other pairs respectively. Pipettes increase precision when observing your gains and are only suitable for five-digit brokers. Though their effect on calculations is negligible most of the time, pipettes are crucial in determining whether to back out or continue trading.

Hi Sam, The much you need to venture into Forex trading depends on your chosen broker. Issues brokers take into consideration are maximum leverage, minimum deposit requirements, and minimum trade position range. Brokerage conditions go hand in hand with your overall financial position, your preferred average stop loss and trading style, and your strategy on risk management. Forex brokerages exist who ask for no minimum deposits, meaning you can start Forex trading with as little as $1. The downside is Forex trades with such small amounts create challenges, like minimum position ranges and leverage maximum. If your Forex broker offers nano lots or lower, and you are swing trading, scalping, or day trading, you can start Forex trading with a $100 initial deposit. Hold Forex trading until you have a more substantial amount. The profit would be more meaningful, given the work you have to put in.