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Mila Radivojevic

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  1. Hello, thanks for asking! You most definitely can buy one share of stock, or a single stock, actually it is advised from the experts working at Forbes magazine that beginners should buy one single secure stock that will enable them to get ahead and learn the basics when it comes to the stocks trading. You can also buy stock through a broker if you have some extra money because brokers charge around $100 per stock purchased, or you can go through online brokers which cost less ($10-$20) but for that price, you won’t get any guidance and expertise coming from brokers regarding the specific stock. Prior to buying a stock, it is a good thing to “screen” it, which means to check its previous prices, trading volumes, standard and cap lines, and other things which may prove as indicators of how well your stock will perform in the future. When you are ready to buy the stock, you should sign in to your account, add the wished stock to your cart, and click the review order in that section so you can choose the number of stocks you wish to buy. The last step is to purchase, and after that the stock is yours. There is an alternative way of being, which is directly from corporations, there are numbers of larger corporations which offer this form of purchase when you buy stocks like this, you don’t pay commission.
  2. Hi, thank you for asking this question! Yes, Forex is riskier than stocks, because the main tool of trade in Forex are currencies, which are highly volatile and susceptible to outside influences and speculation. Also, the currency market is open 24 hours, five days a week, hence it reacts more to fundamental developments. So, enhanced awareness and cautiousness are advised when trading in Forex.
  3. Hi Jordan. Forex is taxed in the proportion of 60/40, which means 60% of gains or losses are counted as long term, while the other 40% are counted as short term. This is highly favorable for traders as it can only amount up to 37% of the total value. Usually, they are only taxed 15% of the total value. Hope that helped.
  4. Hi, In order to become a successful Forex trader, it is important to keep notice of some key things. First of all, it is important to pick low spreads, which refer to the difference between the buying and selling price of a currency, and it usually represents the commission for brokers. Next, it is important to arm yourself with precise research tools as they can make a great difference between successful and unsuccessful trading. Choosing your broker is another important thing when engaging in trading. A reliable, professional broker will recognize good opportunities and utilize your capital in the best possible way. When choosing your broker it is important to take notice of their previous actions and trading engagements. You should also avoid brokers which have engaged in Snipping or Hunting, which refers to prematurely trading near preset points. Strict margin rules are also crucial. In other words, your broker should respect the amount that you have dedicated to trading, and margins beyond which you are not willing to go, but since your money is at their discretion, they can respect your rules or not.
  5. Hey Jordan, thanks for coming here. Forex or Foreign Exchange Market is a place where all of the world currencies are bought, sold, or exchanged. The main participants in this market are large international banks, which have smaller representatives that trade various world currencies. Forex is specific because of the volume of trading done in this market as investors are able to trade 24 hours a day, 7 days a week. In 2019, it was reported that $6.6 trillion was traded daily on Forex, making it the highest-grossing revenue when it comes to the currencies.
  6. Hello Mark, Traders closely follow the major news because of their ability to move the market. The news can be easily monitored using an economic calendar. Depending on the circumstances and trader’s preferences, major news can be traded before, during or after their announcement. Traders who prefer less volatile market conditions and who are unwilling to take high risks usually trade major news before their announcement, attempting to make a profit by trading ranges or trading with the trend. On the contrary, some investors like to trade during the news release, when the market is the most volatile. While it can turn out very profitable, this strategy requires a well-developed strategy as well as great risk management. Finally, trading the news after the release is also a good strategy as the market often gives indications on its future movements through price action.
  7. Mila Radivojevic

    Is CFD Illegal?

    Hello John, thanks for asking the question. Contracts for Difference (CFDs) are illegal in several countries, most notably in the United States. First of all, CFDs are not permitted in the States because they go against the US securities law. Over the counter financial tools, like CFDs, are highly regulated through laws such as the Dodd-Frank Act and imposed by the SEC (Securities and Exchange Commission). Under Title VII of the Dodd-Frank Act, CFDs were characterized as a swap or securities-based swap, unless otherwise excluded. It is not likely that CFDs will be allowed in the United States any time soon. However, CFDs are currently available in OTC in other major countries including the United Kingdom, France, Spain, Germany, Switzerland, Australia and more.
  8. Hello Fernando, The Japanese Yen benefited from the rising tensions between the United States and China. The Japanese currency reached a one-month high while the euro experienced a slowdown as traders observed the flash Purchasing Managers’ Index (PMI) hit a 25-month high. Euro remained unchanged, and while the USD didn’t look much appealing recently, the Japanese yen took the opportunity and advanced. According to latest data, the JPY jumped 0.6% to 106.25 JPY=EBS, its highest mark since June 23, after the Chinese government ordered to shut down the U.S. consulate in Chengdu, after Washington closed the Chinese consulate in Houston. “The yen has benefitted more broadly overnight by more evidence of rising geopolitical tensions between China and the West. It has been reported that China has ordered the US to close its consulate in the southwestern city of Chengdu in retaliation for the US decision to close the Chinese consulate in Houston.”
  9. Hello Peter, thanks for asking the question. Bitcoin (BTC) is currently trading near the $9,500 mark as the bulls get ready before attacking the $10,000, the essential short-term mark. Latest data shows that institutional demand for BTC is increasing, particularly Grayscale’s $1.4-billion inflow in the first half of 2020. The institutional demand for the world’s number one cryptocurrency has been on the rise since the start of this year but in the second quarter, the demand saw a much sharper rise. The cryptocurrency investment fund, Grayscale, recorded an inflow of $1.4 billion in the capital. The demand for Bitcoin surged significantly from March through June on a global scale. Market volatility in that period was very high. If what we’re currently seeing is a pullback, the second leg could easily push BTC to $10,000.
  10. Mila Radivojevic

    Ripple

    Hi, Ripple (XRP) has been trading under pressure in recent days, with the coin hovering around 0.2050, down 2%. Price of XRP climbed this week following the U.S. Office of the Comptroller of the Currency (OCC)’s publication of a letter that will modify the policy of secure custody services for cryptocurrencies. The letter was published on July 22, and from now on, all licensed banks in the United States will be able to offer custodial services for cryptocurrencies. Before this, banks that wished to provide such services had to obtain a license. This is huge news for Bitcoin, Ethereum and Ripple in terms of crypto adoption. The letter was written by Jonathan Gould, Senior Deputy Comptroller and Senior Counsel. Gould wrote that all licensed banks in the country are now permitted to hold and control the cryptographic keys for wallets for its clients. “The OCC recognizes that, as the financial markets become increasingly technological, there will likely be increasing need for banks and other service providers to leverage new technology and innovative ways to provide traditional services on behalf of customers,” the letter says.
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