You’ve likely seen paper money from all over the planet. Maybe you have an aunt living in Australia that sends you dollars in the mail every year for your birthday or perhaps on your commute to work each day you pass by a currency exchange kiosk- you know the type: colorful bills from all over the world decorating the walls.
But how well do you know the faces of world currencies? Is it the King or Queen on the face of the Swedish Krona or neither? Which former US President is found on the five dollar bill?
Take this fun test and discover some pretty cool facts about paper money faces.
The European Union (EU) isn’t known for its intelligence, fairness, or competence to govern and it more than proved this when it changed financial regulations limiting the amount of leverage contract for differences (CFD) brokers could offer their clients.
A few years ago, there were no limits on forex trading leverage with some brokers offering up to 1,000 times leverage to clients who eagerly accepted these terms as the returns were often highly favorable. In August 2018, however, the EU imposed a 30X restriction on leverage to retail investors, damaging their ability to make great returns from forex trading and investing.
The regulations were implemented by the European Securities and Market Authority (ESMA). Any country that was within the EU at that time had to enforce them regardless of whether they thought they would make a positive or negative impact within their borders. It is how the EU works.
ESMA stated that the leverage restriction was to protect retail investors from overexposure to the market. It could be argued that there is some validity in this position, but a good counterargument is that leverage should be left in the hands of the individual to take responsibility for their decisions.
It also has to be said that as EU politics is dictated by lobbyists, you would have to be very naive not to rule out lobbying from big financial institutions to prompt the change in leverage limits. Larger brokers played the PR game and said they welcomed the decision but the market reaction was mixed.
So what do you do now if you are a retail investor and want to utilize forex trading leverage for higher returns and advantage when investing?
Become a Professional Trader
The solution is to become a professional trader as they have no limits on leverage. To become a professional trader is not an easy thing to do as you have to meet strict criteria. See below:
Experience – You have to have worked in the financial sector in a professional capacity for at least a year and can demonstrate expertise and knowledge of the forex markets including services and risks.
Portfolio – Your financial instrument portfolio exceeds €500,000 (at time of publication 1 euro = 1.3 CAD $) or equivalent in your local currency. Your portfolio can consist of your stock portfolio, cash savings, trading accounts, mutual funds, stock portfolio, stocks and shares ISA, and SIPP financial instruments. Non-tradable assets such as property, luxury cars, jewelry, and company pensions are not eligible.
Trading Experience – Over the last four quarters you can prove that you have carried out at least 10 large market transactions over each quarter. This can be related to any asset.
To achieve professional status, you need to demonstrate at least two of the above.
To become a professional trader you need to apply for a professional trading account from your broker. There are disadvantages with professional trading accounts as you may lose some forms of investor protection, but you’ll enjoy higher leverage from day 1. In some circumstances, you may even qualify for lower fees. As you are an experienced forex trader, you’ll know the fees eat into your investment returns.
Final Thoughts Forex Trading Investing
When the EU imposed regulations on forex trading and investing, many retail investors were impacted negatively. Retail investors were no longer treated like adults, and were treated as if they needed protection from themselves. Through opening a professional trading account, ESMA at least for now is treating you like an adult. So become a pro trader and trade as you want to. .
Which digital currency originated from the Doge meme and was originally introduced as a joke?
Is it the same currency that quickly developed into an online community and that was capitalized a few years ago at over $240 Million USD? Take this pop quiz challenge and find out.
Featured image via- darkwebnews.com
UPDATE- How Pi aims to democratize digital currency.
Toronto, ON — White Shark Fintech, Inc. (the “Company”) a revolutionary free artificial intelligence based trading platform that flourishes in volatility and allows its users to better control their assets, including crypto-currencies, launched recently across Canada. A popular tool among young traders looking for simple ways to buy and sell crypto-currencies, the app has created a waiting list to manage user demand.
The free-to-use app takes speculation out of trading by employing high performance algorithms that signal a user when markets for particular securities, including cryptos, are likely “over bought” or “over sold”. With White Shark users no longer have to guess or rely on self proclaimed experts about the price at which they buy or sell cryptos and other securities.
“Fintech companies, like White Shark, that engage millennials have earned multi billion dollar valuations. With the growing hunt for millennial assets and engagement with other apps, we decided to make the White Shark experience fun, empowering and engaging – regardless of where they hold their assets.” said founder and chairman Marc Wade, “White Shark is truly a user experience company engaging millennials in the capital markets when and where they want.”
“White Shark is a game changer.” White Shark app enthusiast Ryan Kesler of the Anaheim Ducks explains. “It’s so easy and fun to use. Buying and selling crypto has become part of my daily routine. There’s no guess work in making money – the accuracy of the algo trading is the only way to go.”
White Shark’s machine learning algorithms compile market data trends and price book movements into 4 gauges that work together to signal market movements. The app provides the user the ability to respond to changes in market conditions before other traditional indicators.
Now users no longer have to trade blind. Gdax (Coinbase), with over 11.9 million users, is one of the exchanges that can be connected to White Shark.
“So called “experts” have been making speculative and incorrect calls on bitcoin and other cryptos for too long.” Said CEO Stuart Shanus
Stuart Shanus
“Our free trading app isn’t based on speculation. It’s based on mathematical models and machine learning algorithms – and it should be the go-to app for investors whether they are buying and selling crypto-currencies, fiat currencies or equities.”
Investors using the White Shark app connect their preferred broker account including tCoinbase (gdax) , Kraken, Bitfinex, Poloniex and Hitbtc. For the Silo, Amy Saunders.
About White Shark
White Shark is a revolutionary free artificial intelligence based trading app that pairs investors with real time artificial intelligence (AI) to increase returns and mitigate risks. White Shark’s high performance algorithms have been used for 17 years by professional traders who have achieved exceptional returns.
“White Shark is a game changer.” White Shark app enthusiast Ryan Kesler of the Anaheim Ducks explains. “It’s so easy and fun to use. Buying and selling crypto has become part of my daily routine. There’s no guess work in making money – the accuracy of the algo trading is the only way to go.”