50+ Forex Market Statistics & Trends From 2020

Algorithmic Trading

A place for redditors to discuss quantitative trading, statistical methods, econometrics, programming, implementation, automated strategies, and bounce ideas off each other for constructive criticism. Feel free to submit papers/links of things you find interesting.
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Ethereum Classic

Ethereum Classic is an open, decentralized, and permissionless public blockchain, that aims to fulfill the original promise of Ethereum, as a platform where smart contracts are free from third-party interference. ETC prioritizes trust-minimization, network security, and integrity. All network upgrades are non-contentious with the aim to fix critical issues or to add value with newly proposed features; never to create new tokens, or to bail out flawed smart contracts and their interest groups.
[link]

Releasing a Decade of Forex Tick Data I Crawled and Converted

Releasing a Decade of Forex Tick Data I Crawled and Converted

Intro:

In my exploration of the world of big data and I became curious about tick data. Unfortunately, market data is almost always behind a paywall or de-sampled to the point of uselessness. After discovering the Dukascopy API, I knew I wanted to make this data available for all in a more accessible format. Over the course of a few months, I downloaded, cleaned, parsed, and compressed over a decade of Forex tick data on 37 currency pairs and commodities. Today I am happy to finally release the final result of my work to the DataHoarder community!

Download Links:

Warning: I have rented a seedbox for the next 3 months from seedbox.io but I have been having some issues. If you have any issues with the torrent please leave a comment. Also, PLEASE SEED when you are done. This is quite a large data set and I can only push so much data on my own.
Torrent File: https://drive.google.com/file/d/18ymZWeFLJK7FggK_iiWZ-TxgWIVdJVvv/view?usp=sharingCompanion Blog Post: https://www.driftinginrecursion.com/post/dukascopy_opensource_data/

Stats Overview:

Totals Quantities
Total Files 463
Total Line Count 8,495,770,706
Total Data Points 33,983,082,824
Total Decompressed Size 501 GB
Total Compressed Size 61 GB

About the Data:

The data was collected from https://www.dukascopy.com/ via a public API that allows for the download of tick data on the hour level. These files come in the form of a .bi5 file. The data starts as early as 2004 all the way to 2019.
These files were decompressed, then merged into yearly CSV’s named in the following convention. “AUDCHF_tick_UTC+0_00_2011.csv” or ‘Pair_Resolution_Timezone_Year.csv’
These CSV’s are split into 3 categories “Majors”, “Crosses”, “Commodities”.
Majors, Crosses, and Commodities have had their timestamps modified so that they are in the official UTC ISO standard. This was originally done for a Postgresql database that quickly became obsolesced. Any files that have been modified are appended with a “-Parse”. These timestamps have been modified in the following format.
Millisecond timestamps to UTC +00:00 time [2017.01.01 22:37:08.014] -- [2017-01-01T22:37:08.014+00:00]
https://preview.redd.it/x6g277skfiu51.png?width=1399&format=png&auto=webp&s=35cd6735c1826424580919ac3377612377a3107c

User Resources:

For those looking to use this data in a live context or update it frequently, I have included a number of tools for both Windows and Linux that will be useful.

Windows

The ~/dukascopy/resources/windows folder contains a third party tool written in java that can download and convert Dukascopy’s .bi5 files. I have also included the latest zstd binaries from Zstandard Github page.

Linux

Linux is my daily driver in 99% of cases, so I have developed all my scraping tools using Linux only tools. In the ~/dukascopy/resources/linux folder you will find a number of shell script and pyhton3 files that I used to collect this data. There are quite a few files in this directory but I will cover the core ones below.

download-day.py:

This file is used to download a single symbol for a single day and then convert and merge all 24 .bi5 files into a single CSV.

download-year.py

This file is used to download a single symbol for a full year and then convert and merge all .bi5 files into a single CSV.

dukascopy.py

This file contains all the core logic for downloading and converting data from dukascopy.

utc-timestamp-convert.py

This tad slow but works well enough. It requires the pandas project and parses timestamps into the UTC ISO standard. This is useful for those looking to maintain the format of new files with the those in this repo, or those looking to use this in a SQL database.
submitted by jtimperio to DataHoarder [link] [comments]

3 years, 28 pairs and 310 trades later

This thread is the direct continuation of my previous entry, which you can find here. I have the feeling my rambles may be long, so I'm not going to repeat anything I already said in my previous post for the sake of keeping this brief.
What is this?
I am backtesting the strategy shared by ParallaxFx. I have just completed my second run of testing, and I am here to share my results with those who are interested. If you want to read more about the strategy, go to my previous thread where I linked it.
What changed?
Instead of using a fixed target of the -100.0 Fibonacci extension, I tracked both the -61.8 and the -100.0 targets. ParallaxFx used the -61.8 as a target, but never tried the second one, so I wanted to compare the two and see what happens.
Where can I see your backtested result?
I am going to do something I hope I won't regret and share the link to my spreadsheet. Hopefully I won't be doxxed, but I think I should be fine. You can find my spreadsheet at this link. There are a lot of entries, so it may take a while for them to load. In the "Trades" tab, you will find every trade I backtested with an attached screenshot and the results it would have had with the extended and the unextended target. You can see the UNCOMPOUNDED equity curve in the Summary tab, together with the overall statistics for the system.
What was the sample size?
I backtested on the Daily chart, from January 2017 to December 2019, over 28 currency pairs. I took a total of 310 trades - although keep in mind that every position is most often composed by two entries, meaning that you can roughly halve this number.
What is the bottom line?
If you're not interested in the details, here are the stats of the strategy based on how I traded it.
Here you can see the two uncompounded equity curves side by side: red is unextended and blue is extended.
Who wins?
The test suggests the strategy to be more profitable with the extended target. In addition, most of the trades that reached the unextended target but reversed before reaching the extended, were trades that I would have most likely not have taken with the extented target. This is because there was a resistance/support area in the way of the -100.0 extension level, but there was enough room for price to reach the -61.8 level.
I will probably trade this strategy using the -100.0 level as target, unless there is an area in the way. In that case I will go for the unextended target.
Drawdown management
The expected losing streak for this system, using the extended target, is 7 trades in a row in a sample size of 100 trades. My goal is to have a drawdown cap of 4%, so my risk per trade will be 0.54%. If I ever find myself in a losing streak of more than 8 trades, I will reduce my risk per trade further.
What's next?
I'll be taking this strategy live. The wisest move would be to repeat the same testing over lower timeframes to verify the edge plays out there as well, but I would not be able to trust my results because I would have vague memories of where price went because of the testing I just did. I also believe markets are fractals, so I see no reason why this wouldn't work on lower timeframes.
Before going live, I will expand this spreadsheet to include more specific analysis and I will continue backtesting at a slower pace. The goal is to reach 20 years of backtesting over these 28 pairs and put everything into this spreadsheet. It's not something I will do overnight, but I'll probably do one year every odd day, and maybe a couple more during the weekend.
I think I don't have much else to add. I like the strategy. Feel free to ask questions.
submitted by Vanguer to Forex [link] [comments]

5%ers Prop Shop Forex : $24,000 Funded Account Qualification Stage.

5%ers Prop Shop Forex : $24,000 Funded Account Qualification Stage.

Entry Level Testing

Follow results here.


Starting Fee - $270
Starting Funding - $6,000
Live Account - Yes
Required Profit to Pass - $375
Duration - Minimum of 20 days. Maximum time of 6 months to hit profit target.

Risk Restrictions


Maximum Net Loss - $250
Maximum Risk in Stop Loss - 1.5%
Maximum Size of Position - 0.30 lots
Hold Overnight - Yes
Hold Over Weekend - Yes
News Trading Restrictions - News trading is not strictly prohibited.


Notes

5%ers give you a live account from sign up. You can trade and begin to build up real earnings on day one. To qualify to be paid you need to pass the evaluation phase by hitting 6% ($375) profit. It takes at least 20 days to pass (Even if you hit target early) and you have up to 6 months to do it (So it can be passed with an average of 1% a month).
5%ers have a liberal approach to trader flexibility. The only hard and fast rule that needs to be followed is the maximum net loss. This is 4% of the starting balance (Making this far easier than high water mark systems). Traders can use some discretion on their money management to achieve this, but more aggressive trading will mean your profit targets to progress will increase.
Using conservative risk (Complying with the risk restrictions listed above) can lead to lower profit targets to progress (And account size doubles each time you hit a profit target, so this is a good thing).

5%ers main form of communication with their traders is via email. You're expected to give an active email address that you will check regularly and to respond to any messages in a timely manner.

Thoughts on Passing 5%ers Forex Funding Evaluation Stage


For experienced traders passing the evaluation stage should be easy enough and something that can be done within 3 months (Or quicker, depending on strategy and market conditions). The fact the 4% drawdown limit is off the starting balance and not a trailing high water mark give a lot of leeway for a good trader if they can get a bit ahead.

For somewhat experienced traders passing the evaluation stage is achievable if you can apply solid risk management and a strategy that has a winning edge. Having 6 months in which to complete it and the only stipulation if you can not lose $250 off the starting $6,000 mean as long as you keep lot sizing small you can stay alive long enough to hit the target.

For new traders since trading in general is hard, you're going to find stipulated risk conditions very hard. There is a fair chance for newer traders to pass this (Given it's a lot target over 6 months) but there is a higher likelihood of not passing, meaning you lose your $270 evaluation fee. I do not know the stats, but I'd assume a lot of new traders do not pass. It's probably worth getting experience first.


On boarding Process


Getting started with 5%ers Forex funding was and smooth on boarding. I made my payment via PayPal of $270. I was sent a welcome email and details to log into a back office. My account was processing for a while, and then after 30 minutes to an hour I was sent MT4 login details to a funded account of $6,000 with a $250 loss limit. I could trade within 2 hours of signing up.

Reward on Pass


Get paid 50% of the profits made. Account is increased 400% to $24,000. Each 10% made the account will be doubled again up to a maximum of $1.25 million.

Content from Welcome Email


https://preview.redd.it/41m5zg1q7tu51.png?width=572&format=png&auto=webp&s=8cdb9709335e5f722590246d63effafc56961ce6
https://preview.redd.it/slh5rcfr7tu51.png?width=621&format=png&auto=webp&s=e1c94838cdfb7156156b8c6a83375014ed383cf3

My Results


Follow results here.

See risk management plan here for 5%ers funded Forex trading.
submitted by db_aum to ForexFunding [link] [comments]

Is there A SINGLE real EA bot in existence??

Literally every one I have ever come across is full of fake reviews on a fake website
submitted by Sirveil333k to Forex [link] [comments]

How To Start A Blog

Creating a blog couldn’t be easier and yet more complicated in 2020.
There are so many different things to think about, and yet so many different platforms you can use to streamline the process.
Understandably you’ll already have an idea of what you want to write about, I, unfortunately, can’t help you with that, but what I can do is show you how you can set up a killer blog that will drive readers to your website.
We’ll take you through what you’ll need to get started, our five steps to setting your blog up, the best blogging platforms to use, how to get your blog discovered, and the do’s and don’ts of blogging.
But first, we need to establish what type of blog you want to set up.

What type of blog?

Firstly you’ll want to have a goal in mind. What are you aiming to achieve through your blog?
Do you want to pull in more users to your sales pages by writing about your brand, to increase its publicity?
Do you want to build a blog that promotes brands and products from other companies?
Or do you just want to set up a blog documenting your travels around the world?
In order to pick the right software for you, you’ll want to have a grasp before you start of how big this blog is going to be, whether you’re going to monetize it, and what type of blog it’s going to become.
For example, if you’re planning on building an affiliate blogging programme, where you promote other brand’s products and call readers to action to but the products, you’ll be writing a lot of content and will benefit from having a more comprehensive blogging system with lots of plugins to promote sales.
But if you’re looking to just set up a personal, or a personal brand blog talking about yourself and your brand, you may not perhaps need as many comprehensive features as you would if you were building an affiliate blog.
You may also want to build an online portfolio of your work, which could require an entirely different piece of blogging kit, as opposed to the traditional blog that hosts articles and journals.

What you’ll need to get started.

There are 3 key things you’ll need to get up and running.

  1. A blogging platform.
After you’ve identified the type of blog you want to set up, plus whether you’re going to make money from it, you’ll then need to pick a blogging platform tailored to your needs. Many people chose to operate on WordPress as it is one of the most comprehensive blogging systems going, but they forget platforms like Wix and Squarespace that are great for both helping you save and make money and are great options for those who are less tech-savvy and are new to the blogging game. Plus if you’re blogging for business, you might want to think about using LinkedIn for your business blog.
We’ll go into more detail on what blogging platforms are best for your needs shortly, but make sure to keep in mind your objectives and technical experience when choosing the right platform for you.
  1. A hosting platform.
Every website needs a web host to store their website’s information on the internet. A web host is an online service provider that will store your website’s information on one of its online servers. This will put your blog out there to the world. The best web hosts will perform a variety of functions for you, for example, Wix is an all-in-one package that will host your website for you, allow you to register a domain name, and has easy to use website design tools to help you start your blog.
Web hosting can be expensive though so make sure you pick the best value for money host that can cater to the amount of traffic you have running through your website. Check out our post on the 11 best hosting providers. [Insert blog link here]
  1. A domain name.
I’m sure by now you already know what sort of blog you want to set up, whether that’s a travel, blog, a blog accompanying your online store, or perhaps an affiliate marketing product review blog. You’ll have a niche and an idea and now all you need is a name. Every website online has what’s called a domain name. It’s included in the website address at the top of your search bar, for example, our domain name is www.digitalsupermarket.com.
You’ll need to register a domain name after you purchase a hosting plan, to enable customers to find your site quickly and easily. One good tip is to find a hosting platform like Bluehost or GoDaddy that will provide you with a free domain name when you register for one of their web hosting plans as domain registration can be fairly pricey. Pick a great domain name that is easy for customers to read and type into Google so they can find it easier online.
TOP TIP: To increase your blog’s search engine ranking, and to help more people find you on Google, try to pick a domain name that has either a .com or .co.uk ending. These domains often rank a lot higher in Google searches than .org’s, .net’s, and .info’s, and for that reason can be slightly more expensive, yet can help boost your site’s reach and credibility.

The Best Blogging Platforms For You.

There are a wealth of platforms out there catering to all your blogging or online portfolio needs. We have listed some of the main ones below shedding some light on what needs they service and why they might be a great option for you.

WordPress - The best software to give you full customisation.

WordPress is perhaps one of the most renowned blogging platforms in the world, running approximately 35% of the internet. It’s favoured highly by professional bloggers because it gives you total freedom to do whatever you want with your blog. WordPress can help you build your blog using one if its search engine optimised themes, you can customise using its drag and drop website builder tool to create a stunning blog.
What’s more, is you’ll be able to use its professional blogging service to post your content online and take advantage of the hundreds of third party app plugins, you can integrate into your blog, to improve automation, add new features, and drive traffic to your site. The only downside of WordPress is that it can be quite technical and can take some time getting used to, but once you’ve got the hang of things, you’ll have great control over everything on your webpage.
Pros:
Cons:

Wix - Best for monetizing your site.

Wix is probably the most streamlined and easiest blog providers. It’s so simple and easy to use, it’s therefore great for anyone just starting out in the blogging world. You can customise one of its stunning templates with Wix’s drag and drop editor, and then upload blog posts to your site by slotting in pictures, gifs, social media buttons, sidebars, and other widgets that will help your blog stand out.
One of the coolest features about Wix is its marketplace integration, where you can install a whole variety of third-party applications to your blog to provide your users with greater features and usability. Wix is the perfect all-in-one blogging solution to help you easily build a platform to amplify your business to the world, helping you to make more money, but it can also save you a lot of money as it’s cost-efficient plans roll up, web hosting, blog posting, and domain registration all into one product!
Check out our Wix review and our comparison of Wix and Squarespace for a deep dive into Wix’s main blogging features. [Insert link here]
Pros:
Cons:

Squarespace - Best for creating visually stunning blogs.

Squarespace is very similar to Wix, in that it is an all-in-one web building and blogging platform that can help you build a blog you can monetize efficiently. It sets itself aside though through its better design and customisation features, making it one of the best platforms on the marketing if you’re looking to design a visually aesthetic blog. I’d recommend using this platform if you are a business operating in some sort of design, arts, or culinary industry.
Although it offers minimal template options, Squarespace’s templates are works of art and offer you great customization when building your blog. Plus Squarespace offers a great blogging tool that lets you schedule posts and customize your blog to suit more mobile audiences.
Pros:
Cons:

LinkedIn - Best for blogging businesses.

Aside from setting up a blog on your own site, corporate entities can use LinkedIn to enhance and amplify their presence online. LinkedIn has more than 575 million users, most of whom are professionals and members of corporate conglomerates, and you can use this social platform to target some of the most influential people in the world.
If you’re blogging about business this is the perfect platform to use a pre-existing community of people to enhance your social standing. You’ll then be able to build connections and followers on your profile who can easily share your blog on their platform through a couple of simple clicks.
Pros:
Cons:

Instagram - Best for the Artists.

Instagram is one of the biggest blogging sites in the world and without realising it, we are all technically bloggers in some way with our Instagram accounts, right? Ultimately for professional use, it is great for building a portfolio that has some form of visual or graphic eye-catching media around it. Instagram lets you post videos, photos, boomerangs, even write a blog in the photo’s caption if you wanted to!
Best of all, Instagram is free, and you can use its business software to link up your online store, to drag users away from your profile, using its product tagging features, and land them in your online checkouts. Our top tip for using Instagram is to post regularly and keep on the theme of your blog. Don’t go off-piste as you’re followers will catch on quickly and unfollow you. And with 1 billion people using the platform each day, it is a great way to gain people’s attention and build your brand’s presence online.
Pros:
Cons:

The Do’s And Don’ts Of Blogging

Here are a couple of top tips to bear in mind when building your blog to help you create an awesome, lead driven platform.

The Don’ts

Don’t use complicated language too soon.

With that in mind, do include language that your target audience will understand. But remember they are still here to learn, so don’t drop people in at the deep end right away by using complex jargon off the bat. Define terms and spell it out in layman’s terms for people at the outset, and as the post goes on, then introduce more complex writing. Introducing technical jargon at the start of your posts is an instant turn off for most readers.

Don’t waffle - Keep it succinct.

People want to get to the punchline now. 43% of people admit to skimming through blogs to get to the information they need, meaning to get your blogging site converting leads, you need to engage the reader early on and offer information succinctly throughout your post.
Plus don’t make your blog too long. Depending on what you’re writing, a lot of people will see large volumes of text and will switch off immediately. There is no set limit for what a good and bad amount of text is, that’s something you’ll have to figure out per your industry, but from my experience, the shorter, the better.

Don’t make headlines too long.

Also ensure that your headline is not more than 60 characters long. If it gets too long it won’t rank well in search engines and people just won’t want to read it. Check out this headline analysis tool which will analyse the effectiveness of your proposed headlines.

Don’t plagiarise or use credited images.

Copying other people’s work is lazy and can land you in a lot of hot water in extreme cases if you breach a copyright regulation. But it’s also just unfair on the person who has worked hard or been creative to write that work. The same goes for images, people need to make a living from the content and photos they’re taking so don’t steal that off them.

The Do’s

Do write killer headlines.

People are like goldfish. You only have about 3 seconds to get their attention. That’s why it is important to write catchy, funny, and enticing headlines to draw your reader in. One good way to do it is to use the “How To” and “10 Best” strategies. These sorts of titles telling people ‘How to set up a blog’ or ‘the ten best web hosting platforms’ are search engine optimised, lead winning titles that rank highly in Google searches. Try them out and see!

Do post regularly.

The key to creating a great blog that builds leads is posting regularly. Although it is not the best idea to post regularly. Ideally, you want to post 3-4 times a week to get the best influx of traffic to your site. You’ll also want to check out when’s best to post for your target audience, for example, if you’re in the FOREX market, you’ll want to post your blogs perhaps at 8 AM, before the markets open when city workers are on their staring at their phones on their morning commuter trains to the city.

Do share on social media.

Share your content far and wide on your social platforms. Everyone is on social media these days and its outreach is simply phenomenal. That’s why you should always share your posts to your social channels to get greater traffic on your website, and include share buttons all-around your blog to invite your readers to share your articles too!

Do use SEO keywords to drive more traffic.

In a nutshell, SEO keywords are the phrases people put into search engines when they are looking for information on a certain subject. They are how you get found on your website. Depending on what you are writing about, there is always a set of keywords relating to that topic that you can implement, to help you show up higher in people’s google searches. For example, people might regularly search in google, ‘what is the best compost for growing sunflowers?’ When you come to writing about growing sunflowers in your blog, you might want to use these words or incorporate this question into your blog somewhere, to help you rank higher on Google.

Do use call’s to action to take your readers to the next step.

If you don’t challenge your reader at the end of your blog to follow you on Instagram, or check out your sales pages, you’ll never get the leads or sales you are looking for. With that in mind, build compelling calls to action at the end of each of your posts, to pull readers into taking the next step. Check out our post on landing pages to see a couple of cool ways on how to implement calls to action on your site [insert link here].

Do identify a target audience.

People will often tell you to write as though you were in the shoes of the person you’re looking to bring to your website, but it’s true! Identify what type of people you’re writing to, for instance, if you’re writing a business blog about FOREX trading, you’ll write with potential traders in mind who have one eye on the stock market and the other on your blog. Or if you’re a wedding florist, you’ll set your portfolio up to target those people looking to get married in the next year.

Leads, Sales, Results.

Blogging is one of the most influential marketing strategies in the world and the best bloggers can reap some awesome rewards for producing some truly awesome content.
It is fairly straightforward to get started and we advise if you’re a small business, or someone with minimal blogging experience, to try out Wix or Squarespace first before you jump into using more technical platforms like WordPress. Once you’re up and running remember our top tips on what to do and what to avoid when writing your blog. Plus don’t forget to think about optimising and adding useful applications to your site to help you build and grow your content. Check out these 39 awesome blogging tools you can use to drive greater traffic to your site!
Found this article useful? Make sure you share it with your friends on Facebook and Twitter and let us know in the comments if you have any other useful blogging tips.
submitted by digitalsupermarket to u/digitalsupermarket [link] [comments]

The Next Crypto Wave: The Rise of Stablecoins and its Entry to the U.S. Dollar Market

The Next Crypto Wave: The Rise of Stablecoins and its Entry to the U.S. Dollar Market

Author: Christian Hsieh, CEO of Tokenomy
This paper examines some explanations for the continual global market demand for the U.S. dollar, the rise of stablecoins, and the utility and opportunities that crypto dollars can offer to both the cryptocurrency and traditional markets.
The U.S. dollar, dominant in world trade since the establishment of the 1944 Bretton Woods System, is unequivocally the world’s most demanded reserve currency. Today, more than 61% of foreign bank reserves and nearly 40% of the entire world’s debt is denominated in U.S. dollars1.
However, there is a massive supply and demand imbalance in the U.S. dollar market. On the supply side, central banks throughout the world have implemented more than a decade-long accommodative monetary policy since the 2008 global financial crisis. The COVID-19 pandemic further exacerbated the need for central banks to provide necessary liquidity and keep staggering economies moving. While the Federal Reserve leads the effort of “money printing” and stimulus programs, the current money supply still cannot meet the constant high demand for the U.S. dollar2. Let us review some of the reasons for this constant dollar demand from a few economic fundamentals.

Demand for U.S. Dollars

Firstly, most of the world’s trade is denominated in U.S. dollars. Chief Economist of the IMF, Gita Gopinath, has compiled data reflecting that the U.S. dollar’s share of invoicing was 4.7 times larger than America’s share of the value of imports, and 3.1 times its share of world exports3. The U.S. dollar is the dominant “invoicing currency” in most developing countries4.

https://preview.redd.it/d4xalwdyz8p51.png?width=535&format=png&auto=webp&s=9f0556c6aa6b29016c9b135f3279e8337dfee2a6

https://preview.redd.it/wucg40kzz8p51.png?width=653&format=png&auto=webp&s=71257fec29b43e0fc0df1bf04363717e3b52478f
This U.S. dollar preference also directly impacts the world’s debt. According to the Bank of International Settlements, there is over $67 trillion in U.S. dollar denominated debt globally, and borrowing outside of the U.S. accounted for $12.5 trillion in Q1 20205. There is an immense demand for U.S. dollars every year just to service these dollar debts. The annual U.S. dollar buying demand is easily over $1 trillion assuming the borrowing cost is at 1.5% (1 year LIBOR + 1%) per year, a conservative estimate.

https://preview.redd.it/6956j6f109p51.png?width=487&format=png&auto=webp&s=ccea257a4e9524c11df25737cac961308b542b69
Secondly, since the U.S. has a much stronger economy compared to its global peers, a higher return on investments draws U.S. dollar demand from everywhere in the world, to invest in companies both in the public and private markets. The U.S. hosts the largest stock markets in the world with more than $33 trillion in public market capitalization (combined both NYSE and NASDAQ)6. For the private market, North America’s total share is well over 60% of the $6.5 trillion global assets under management across private equity, real assets, and private debt investments7. The demand for higher quality investments extends to the fixed income market as well. As countries like Japan and Switzerland currently have negative-yielding interest rates8, fixed income investors’ quest for yield in the developed economies leads them back to the U.S. debt market. As of July 2020, there are $15 trillion worth of negative-yielding debt securities globally (see chart). In comparison, the positive, low-yielding U.S. debt remains a sound fixed income strategy for conservative investors in uncertain market conditions.

Source: Bloomberg
Last, but not least, there are many developing economies experiencing failing monetary policies, where hyperinflation has become a real national disaster. A classic example is Venezuela, where the currency Bolivar became practically worthless as the inflation rate skyrocketed to 10,000,000% in 20199. The recent Beirut port explosion in Lebanon caused a sudden economic meltdown and compounded its already troubled financial market, where inflation has soared to over 112% year on year10. For citizens living in unstable regions such as these, the only reliable store of value is the U.S. dollar. According to the Chainalysis 2020 Geography of Cryptocurrency Report, Venezuela has become one of the most active cryptocurrency trading countries11. The demand for cryptocurrency surges as a flight to safety mentality drives Venezuelans to acquire U.S. dollars to preserve savings that they might otherwise lose. The growth for cryptocurrency activities in those regions is fueled by these desperate citizens using cryptocurrencies as rails to access the U.S. dollar, on top of acquiring actual Bitcoin or other underlying crypto assets.

The Rise of Crypto Dollars

Due to the highly volatile nature of cryptocurrencies, USD stablecoin, a crypto-powered blockchain token that pegs its value to the U.S. dollar, was introduced to provide stable dollar exposure in the crypto trading sphere. Tether is the first of its kind. Issued in 2014 on the bitcoin blockchain (Omni layer protocol), under the token symbol USDT, it attempts to provide crypto traders with a stable settlement currency while they trade in and out of various crypto assets. The reason behind the stablecoin creation was to address the inefficient and burdensome aspects of having to move fiat U.S. dollars between the legacy banking system and crypto exchanges. Because one USDT is theoretically backed by one U.S. dollar, traders can use USDT to trade and settle to fiat dollars. It was not until 2017 that the majority of traders seemed to realize Tether’s intended utility and started using it widely. As of April 2019, USDT trading volume started exceeding the trading volume of bitcoina12, and it now dominates the crypto trading sphere with over $50 billion average daily trading volume13.

https://preview.redd.it/3vq7v1jg09p51.png?width=700&format=png&auto=webp&s=46f11b5f5245a8c335ccc60432873e9bad2eb1e1
An interesting aspect of USDT is that although the claimed 1:1 backing with U.S. dollar collateral is in question, and the Tether company is in reality running fractional reserves through a loose offshore corporate structure, Tether’s trading volume and adoption continues to grow rapidly14. Perhaps in comparison to fiat U.S. dollars, which is not really backed by anything, Tether still has cash equivalents in reserves and crypto traders favor its liquidity and convenience over its lack of legitimacy. For those who are concerned about Tether’s solvency, they can now purchase credit default swaps for downside protection15. On the other hand, USDC, the more compliant contender, takes a distant second spot with total coin circulation of $1.8 billion, versus USDT at $14.5 billion (at the time of publication). It is still too early to tell who is the ultimate leader in the stablecoin arena, as more and more stablecoins are launching to offer various functions and supporting mechanisms. There are three main categories of stablecoin: fiat-backed, crypto-collateralized, and non-collateralized algorithm based stablecoins. Most of these are still at an experimental phase, and readers can learn more about them here. With the continuous innovation of stablecoin development, the utility stablecoins provide in the overall crypto market will become more apparent.

Institutional Developments

In addition to trade settlement, stablecoins can be applied in many other areas. Cross-border payments and remittances is an inefficient market that desperately needs innovation. In 2020, the average cost of sending money across the world is around 7%16, and it takes days to settle. The World Bank aims to reduce remittance fees to 3% by 2030. With the implementation of blockchain technology, this cost could be further reduced close to zero.
J.P. Morgan, the largest bank in the U.S., has created an Interbank Information Network (IIN) with 416 global Institutions to transform the speed of payment flows through its own JPM Coin, another type of crypto dollar17. Although people argue that JPM Coin is not considered a cryptocurrency as it cannot trade openly on a public blockchain, it is by far the largest scale experiment with all the institutional participants trading within the “permissioned” blockchain. It might be more accurate to refer to it as the use of distributed ledger technology (DLT) instead of “blockchain” in this context. Nevertheless, we should keep in mind that as J.P. Morgan currently moves $6 trillion U.S. dollars per day18, the scale of this experiment would create a considerable impact in the international payment and remittance market if it were successful. Potentially the day will come when regulated crypto exchanges become participants of IIN, and the link between public and private crypto assets can be instantly connected, unlocking greater possibilities in blockchain applications.
Many central banks are also in talks about developing their own central bank digital currency (CBDC). Although this idea was not new, the discussion was brought to the forefront due to Facebook’s aggressive Libra project announcement in June 2019 and the public attention that followed. As of July 2020, at least 36 central banks have published some sort of CBDC framework. While each nation has a slightly different motivation behind its currency digitization initiative, ranging from payment safety, transaction efficiency, easy monetary implementation, or financial inclusion, these central banks are committed to deploying a new digital payment infrastructure. When it comes to the technical architectures, research from BIS indicates that most of the current proofs-of-concept tend to be based upon distributed ledger technology (permissioned blockchain)19.

https://preview.redd.it/lgb1f2rw19p51.png?width=700&format=png&auto=webp&s=040bb0deed0499df6bf08a072fd7c4a442a826a0
These institutional experiments are laying an essential foundation for an improved global payment infrastructure, where instant and frictionless cross-border settlements can take place with minimal costs. Of course, the interoperability of private DLT tokens and public blockchain stablecoins has yet to be explored, but the innovation with both public and private blockchain efforts could eventually merge. This was highlighted recently by the Governor of the Bank of England who stated that “stablecoins and CBDC could sit alongside each other20”. One thing for certain is that crypto dollars (or other fiat-linked digital currencies) are going to play a significant role in our future economy.

Future Opportunities

There is never a dull moment in the crypto sector. The industry narratives constantly shift as innovation continues to evolve. Twelve years since its inception, Bitcoin has evolved from an abstract subject to a familiar concept. Its role as a secured, scarce, decentralized digital store of value has continued to gain acceptance, and it is well on its way to becoming an investable asset class as a portfolio hedge against asset price inflation and fiat currency depreciation. Stablecoins have proven to be useful as proxy dollars in the crypto world, similar to how dollars are essential in the traditional world. It is only a matter of time before stablecoins or private digital tokens dominate the cross-border payments and global remittances industry.
There are no shortages of hypes and experiments that draw new participants into the crypto space, such as smart contracts, new blockchains, ICOs, tokenization of things, or the most recent trends on DeFi tokens. These projects highlight the possibilities for a much more robust digital future, but the market also needs time to test and adopt. A reliable digital payment infrastructure must be built first in order to allow these experiments to flourish.
In this paper we examined the historical background and economic reasons for the U.S. dollar’s dominance in the world, and the probable conclusion is that the demand for U.S. dollars will likely continue, especially in the middle of a global pandemic, accompanied by a worldwide economic slowdown. The current monetary system is far from perfect, but there are no better alternatives for replacement at least in the near term. Incremental improvements are being made in both the public and private sectors, and stablecoins have a definite role to play in both the traditional and the new crypto world.
Thank you.

Reference:
[1] How the US dollar became the world’s reserve currency, Investopedia
[2] The dollar is in high demand, prone to dangerous appreciation, The Economist
[3] Dollar dominance in trade and finance, Gita Gopinath
[4] Global trades dependence on dollars, The Economist & IMF working papers
[5] Total credit to non-bank borrowers by currency of denomination, BIS
[6] Biggest stock exchanges in the world, Business Insider
[7] McKinsey Global Private Market Review 2020, McKinsey & Company
[8] Central banks current interest rates, Global Rates
[9] Venezuela hyperinflation hits 10 million percent, CNBC
[10] Lebanon inflation crisis, Reuters
[11] Venezuela cryptocurrency market, Chainalysis
[12] The most used cryptocurrency isn’t Bitcoin, Bloomberg
[13] Trading volume of all crypto assets, coinmarketcap.com
[14] Tether US dollar peg is no longer credible, Forbes
[15] New crypto derivatives let you bet on (or against) Tether’s solvency, Coindesk
[16] Remittance Price Worldwide, The World Bank
[17] Interbank Information Network, J.P. Morgan
[18] Jamie Dimon interview, CBS News
[19] Rise of the central bank digital currency, BIS
[20] Speech by Andrew Bailey, 3 September 2020, Bank of England
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Does Man Really Findeth A Wife?

Stats: 5’7, 156 lbs, 14-15% body fat and was lifting 2-4 days a week at the gym
Sidebar: Read RPC
Finances: Making more money I’ve made working being currently unemployed ironically...I was working for a company that the government shut down lol. Living at home and trading forex until I can do that full-time.
Spiritual: about 3 weeks in of seriously dedicating my life to reading the Bible daily, watching a sermon daily, praying and meditating daily, and fully believing that God will provide.
—————————————
With that out of the way, I’ve probably been red pill for about 2 years now. Dating apps suck (especially Christian Mingle LOL) and it almost seems impossible to meet a girl that actually believes in God, practices, and has goals for herself and her faith anywhere besides church. I have 92 matches on Tinder but I might as well have no matches at that point honestly.
When most girls I’ve even given time of day are really REALLY into me, they get turned off at the thought of me waiting to have sex, and I truly think it’s because most of them can only offer sex or are used to a man only wanting sex and not THEM as a human being.
Ideally, I just want a future wife that doesn’t take life too serious. Doesn’t enjoy being lazy, doesn’t enjoy sitting around all day and just eating junk, and that doesn’t have addiction to social media.
One that’s health conscious, has passions and goals, wants to leave behind a legacy for her children (monetarily, mentally and spiritually) and that just wants the simple things in life!
I’m newly 24 years old, I’m at the point in my life now where I’m about to just work nonstop until I’m a full-time entrepreneur, and just sacrifice everything else to God until we get there together, which I know we will!
My question is, in this situation, should I even be trying to find a woman of God to build an empire with? Or should I just pray about it and move on?
So many RP Coaches are pretty much MGTOW, and most traditional people just tell me “you’ll find love when you’re not looking for it” all that jazz. I just don’t want to generalize EVERY woman like most on YouTube do, and hardly any of them ever talk about religion anyway!
Thank you all for your advice!
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Weekly Update: $GHOST on ParJar, XIO Labs, SelfKey Loan Marketplace, $GET on Uniswap…– 19 Jun – 25 Jun'20

Weekly Update: $GHOST on ParJar, XIO Labs, SelfKey Loan Marketplace, $GET on Uniswap…– 19 Jun – 25 Jun'20
Hi Parachuters! With this, we come to the last part of our May-June Parachute + partner update series (19 Jun – 25 Jun'20):

Jason hosted a flash 1000 $PAR challenge for sharing details on "the silliest reason you tipped someone in real life". Gamerboy, Charlotte, Afful and Peace Love hosted some uber cool quizzes in TTR this week for $PAR prizes. Gian got folks to post music “featuring bands or song titles that have a color in their name” for Two-for-Tuesday this week. As always, Sebastian was kind enough to compile the playlist with everyone’s posts. The English Premier League is back! And with it LordHades’ Fantasy Premier League (FPL) officially reopened as well. James, who you would know from the Parachute Athetics and Running Club, announced the start of a secret challenge for $PAR prizes. Switch-partnered and John McAfee-backed privacy coin $GHOST was listed on ParJar this week. And the swap beta feature is almost ready. Read all about the latest ParJar updates from Cap’s post. Skittish started a channel to track major on-chain $PAR transactions. European crypto exchange Txbit added $PAR as a contender to their latest vote-for-listing contest after a taking public poll. Hope you got a chance to vote. Borna was the winner of this week’s Parena. Congrats!
That was quite the finale this week
To track the latest $AXPR burn, click here. After a brief disruption, 2gether is back to normal shipping of their cards. XIO launched the XIO Labs this week, a decentralised talent pool to help incubate blockchain projects. Zach expanded on the zero-loss membership model vis-à-vis XIO Portals through a detailed video this week. The GHOSTX atomic swap platform by Ghost went live this week. 50% of all fees will go to $ESH holders. The team hosted an AMA with crypto entrepreneur Alex Masmej. You might remember him from his Human IPO – selling shares of himself in the form of tokens. If you missed it, you can catch up from the transcript. Lite Liger made a video tutorial on how to create your own Dex using SwitchDex. John McAfee appeared for an AMA with Wendy O to answer community questions on Ghost. Following this, Wendy posted a tutorial on how to use the McAfeeDex as she promised during the AMA. Fantom published an article on how upcoming token releases and rewards will affect the circulating supply. Uptrennd founder Jeff Kirdeikis sat down with Michael Gu (Box Mining) this week to talk about crypto, altcoins and Uptrennd. For the latest weekly recap and monthly stats, click here and here respectively. $1UP got listed on B One Payment wallet. The latest district weekly and dev update cover a lot of recent news from the District0xverse. Brady also posted a detailed guide for creating a no-code Web 3 compatible loyalty store. As the Hydro team continues to expand, highlights from their recent team meetings were shared with the community. A comprehensive list of top challenger banks was also published. Sentivate founder Thomas Marchi was interviewed by Mr. Backwards. SelfKey’s Loan Marketplace is now live.
Early sneak peek of the XIO mobile dApp
The Constellation team did a coffee talk where they discussed about the road ahead for $DAG. Yazom launched a Toon Cup competition for its community for a chance to win some cool gadgets. As you might already know, the Pynk crowdfunding campaign on Seedrs is now overfunded. Woohoo! COO Rupert Barkdfield gave a project pitch at the Unicorn Battle this week. CyberFM announced a new Black History Music channel and committed to help end systemic racism. Wibson hosted a Data Privacy seminar for their Spanish community. Harmony announced that the number of open validator slots will be doubled to 640 by July 1. The first phase of slot increase happened this week. The team also compiled an FAQ list for Open Staking. Ankr made a node running cheat sheet as well. Huobi announced support for $ONE mainnet. For the latest #pow thread, click here. Did you know that the Harmony dev ecosystem extends to far away as the Himalayas? Amazing! Kucoin’s Pool-X announced support for $ONE staking. Within days of the announcement, the staking pool got filled up to its max cap. If you’re not yield farming yet, here’s a video guide on how to use $ONE to get in on the fun. The team hosted a fireside chat with Dhawal Shah of Frontier wallet and Ganesh Swami of Covalent to talk about DeFi. BitForex listed Intellishare’s $INE token this week. To celebrate the occasion, Intellishare hosted a Pandora Box event to give away 20k $INE as rewards. Sweet! Click here to read how the network fights bad actors. Plus, the significance of mesh networks was expanded upon in an article. The team also announced time offs for next week. GET Protocol clinched a number deals to ticket upcoming events. Click here and here to find out if your favourite artists’ events are there. $GET is now available on Uniswap. COTI crew sat down for an AMA with Indodax this week. CEO Shahaf Bar-Geffen will be sharing more details on Blockchain Dollars in an AMA with Wolf Crypto next week. Stablecoins, wink wink. The team will also be speaking at the Cardano Virtual Summit next week. Another staking campaign on Binance was launched. Read more about it here. The team also put out a detailed roadmap as they move towards MainNet 2.0.

With that, we have to say Bye for this week. Next on my To-Do list: Get to work on the updates of July and August :D. Till then, Ciao!
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Weekly Update: The Parachute culture, $COTI on Gate.io, Pynk crowdfunding campaign live, Voyager + Sterling Trading Tech…– 22 May - 28 May'20

Weekly Update: The Parachute culture, $COTI on Gate.io, Pynk crowdfunding campaign live, Voyager + Sterling Trading Tech…– 22 May - 28 May'20
Heyo! Continuing with our six-part catch up series to get up to date on the May and June news from Parachute and partners, here’s Part II of VI (22 May - 28 May'20):

If you're in crypto, there's often the random pump/moon/wenBinance talk that props up from time to time in groups. Especially, when someone new joins a project and is unfamiliar with the community culture. At Parachute, we have always made it a point to have more meaningful discussions than price. Cap shared some of his thoughts on this as well. For the #culturalweekend prompt this week, Jason got Parachuters to share about “something weird your family does that is a tradition for them but not a traditional tradition”. Peace Love’s Big Trivia in TTR was quite fun as always. The beta testing group for ParJar swaps was set up this week. Also, Chris organised something amazing this week which will possibly remain a secret amongst Parachute admins (and Doc Vic 😊 ). But if word of it ever goes out, you’ll realise why Parachute is the most wholesome project in all of crypto. Chris also gave out some cool $PAR to folks in the Parachute channel to talk about "something that you didn't spend much money on that had a big impact on your quality of life". This week's Two-for-Tuesday featured music from "female artists, including bands with at least one female member". Click here for the playlist. Thanks Sebastian!
Some good cheer from Alexis all the way from Germany
aXpire’s May recap video covers product updates from Bilr, PayBX etc. To track this week’s 20k $AXPR burn, click here. The team also shared success strategies for law firms. 2gether co-founder Salvador Casquero wrote about best security practices in finance. A new update was pushed to Wednesday Coin’s dApp, WednesdayClub. In this week’s XIO discussions, Citizens talked about ideal time allocation strategies for research and execution. Top Citizens on the Leaderboard stand a chance to win some cool merch. Also, watch out for pesky scams. Voyager announced a partnership with Sterling Trading Tech to launch a crypto trading widget. Proactive Investors covered Voyager in its latest piece chronicling their growing user base. As mentioned in a previous update, CEO Stephen Ehrlich’s crypto investment webinar happened this week. Switch crew did a community AMA just before the $GHOST airdrop snapshot. The team expanded with new dev hires. In preparation for the $GHOST airdrop, ProBit completed its $VSF:$ESH swap and Stex announced support for $ESH/$GHOST airdrop. $ESH was listed on HitBTC and Changelly. Folks who guessed these exchanges correctly won some tokens as well. Founder Josh Case sat down with Mr. Backwards for an interview. Among several updates to the Ghost website, a staking calculator was added. Click here to read the latest technical update from Fantom. $FTM was in the running to be added as a collateral for DAI. Congratulations to Uptrennd for becoming the highest ranked blockchain-based social media platform as per Alexa. They started a SmartLink campaign with 2key Network. The first Uptrennd halvening went live this week. The team is reachable on Discord from now as well. District0x’s latest District Weekly and Dev Updates can be read here and here respectively. Hydro team shared their thoughts on how virtual cards for independent contractors (otherwise referred to as 1099 employees) could improve reimbursement practices. Entries for their Decentralization Ambassador program were opened this week.
These look great, XIO team
This is what is planned for the GHOST ecosystem currently
SelfKey compiled a master list of crypto lending platforms. The Loans Marketplace will feature many of these. Full transcript of the May 12th AMA was released. SelfKey advisor Edmund Lowell spoke at the BlockConf DIGITAL conference this week. Mongolian exchange AIS-X joined the Exchange Marketplace. Pynk’s crowdfunding campaign on Seedrs went live this week. Check out their campaign video here. Amazing production! Plus, this cool feature in City A.M. was the perfect way to close off the week. Wibson hosted a meetup (online of course!) for its Spanish speaking community this week. The crew also introduced the app at an Ethereum event in Buenos Aires. Harmony burned all mainnet tokens mined before Open Staking going public. The latest staking stats and validator data can be seen here and here respectively. That’s right, 3B+ $ONE is already staked. Woohoo! With its latest CoinDCX listing, $ONE got its first INR trading pair. Saweet! The major improvement proposals that were discussed with the community this week were making Open Staking more decentralized and creating a more liquid staking market. This led to the first release after Open Staking. The winners of the effective-median-stake contest were announced. Hope you got a chance to take part in the Flash Quiz. Do you know about all the projects that have been built in the Harmony ecosystem? Here’s a rundown. The team hosted an AMA as well. BitMax changed some of its rules for $ONE staking. Check out COTI’s latest network growth stats here. And super congratulations on winning the Gate.io listing vote! $COTI was also added to Binance’s Locked Savings staking program. Broking platform Troy Trade partnered with COTI to improve its scalability. DoYourTip’s $DYT now has 2500+ HODLers. Neat! Mycro was invited to join BitForex’s app platform CAPP Town. GET Protocol’s GUTS Tickets was covered in Cryptogeeks’ latest blogpost on blockchain-based ticketing.

And with that, it’s a wrap for this week in Parachute and partners! See you again with another update. Cheerio!
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How to get started in Forex - A comprehensive guide for newbies

Almost every day people come to this subreddit asking the same basic questions over and over again. I've put this guide together to point you in the right direction and help you get started on your forex journey.

A quick background on me before you ask: My name is Bob, I'm based out of western Canada. I started my forex journey back in January 2018 and am still learning. However I am trading live, not on demo accounts. I also code my own EA's. I not certified, licensed, insured, or even remotely qualified as a professional in the finance industry. Nothing I say constitutes financial advice. Take what I'm saying with a grain of salt, but everything I've outlined below is a synopsis of some tough lessons I've learned over the last year of being in this business.

LET'S GET SOME UNPLEASANTNESS OUT OF THE WAY

I'm going to call you stupid. I'm also going to call you dumb. I'm going to call you many other things. I do this because odds are, you are stupid, foolish,and just asking to have your money taken away. Welcome to the 95% of retail traders. Perhaps uneducated or uninformed are better phrases, but I've never been a big proponent of being politically correct.

Want to get out of the 95% and join the 5% of us who actually make money doing this? Put your grown up pants on, buck up, and don't give me any of this pc "This is hurting my feelings so I'm not going to listen to you" bullshit that the world has been moving towards.

Let's rip the bandage off quickly on this point - the world does not give a fuck about you. At one point maybe it did, it was this amazing vision nicknamed the American Dream. It died an agonizing, horrible death at the hand of capitalists and entrepreneurs. The world today revolves around money. Your money, my money, everybody's money. People want to take your money to add it to theirs. They don't give a fuck if it forces you out on the street and your family has to live in cardboard box. The world just stopped caring in general. It sucks, but it's the way the world works now. Welcome to the new world order. It's called Capitalism.

And here comes the next hard truth that you will need to accept - Forex is a cruel bitch of a mistress. She will hurt you. She will torment you. She will give you nightmares. She will keep you awake at night. And then she will tease you with a glimmer of hope to lure you into a false sense of security before she then guts you like a fish and shows you what your insides look like. This statement applies to all trading markets - they are cruel, ruthless, and not for the weak minded.

The sooner you accept these truths, the sooner you will become profitable. Don't accept it? That's fine. Don't bother reading any further. If I've offended you I don't give a fuck. You can run back home and hide under your bed. The world doesn't care and neither do I.

For what it's worth - I am not normally an major condescending asshole like the above paragraphs would suggest. In fact, if you look through my posts on this subreddit you will see I am actually quite helpful most of the time to many people who come here. But I need you to really understand that Forex is not for most people. It will make you cry. And if the markets themselves don't do it, the people in the markets will.

LESSON 1 - LEARN THE BASICS

Save yourself and everybody here a bunch of time - learn the basics of forex. You can learn the basics for free - BabyPips has one of the best free courses online which explains what exactly forex is, how it works, different strategies and methods of how to approach trading, and many other amazing topics.

You can access the BabyPips course by clicking this link: https://www.babypips.com/learn/forex

Do EVERY course in the School of Pipsology. It's free, it's comprehensive, and it will save you from a lot of trouble. It also has the added benefit of preventing you from looking foolish and uneducated when you come here asking for help if you already know this stuff.

If you still have questions about how forex works, please see the FREE RESOURCES links on the /Forex FAQ which can be found here: https://www.reddit.com/Forex/wiki/index

Quiz Time
Answer these questions truthfully to yourself:

-What is the difference between a market order, a stop order, and a limit order?
-How do you draw a support/resistance line? (Demonstrate it to yourself)
-What is the difference between MACD, RSI, and Stochastic indicators?
-What is fundamental analysis and how does it differ from technical analysis and price action trading?
-True or False: It's better to have a broker who gives you 500:1 margin instead of 50:1 margin. Be able to justify your reasoning.

If you don't know to answer to any of these questions, then you aren't ready to move on. Go back to the School of Pipsology linked above and do it all again.

If you can answer these questions without having to refer to any kind of reference then congratulations, you are ready to move past being a forex newbie and are ready to dive into the wonderful world of currency trading! Move onto Lesson 2 below.

LESSON 2 - RANDOM STRANGERS ARE NOT GOING TO HELP YOU GET RICH IN FOREX

This may come as a bit of a shock to you, but that random stranger on instagram who is posting about how he is killing it on forex is not trying to insprire you to greatness. He's also not trying to help you. He's also not trying to teach you how to attain financial freedom.

99.99999% of people posting about wanting to help you become rich in forex are LYING TO YOU.

Why would such nice, polite people do such a thing? Because THEY ARE TRYING TO PROFIT FROM YOUR STUPIDITY.

Plain and simple. Here's just a few ways these "experts" and "gurus" profit from you:


These are just a few examples. The reality is that very few people make it big in forex or any kind of trading. If somebody is trying to sell you the dream, they are essentially a magician - making you look the other way while they snatch your wallet and clean you out.

Additionally, on the topic of fund managers - legitimate fund managers will be certified, licensed, and insured. Ask them for proof of those 3 things. What they typically look like are:

If you are talking to a fund manager and they are insisting they have all of these, get a copy of their verification documents and lookup their licenses on the directories of the issuers to verify they are valid. If they are, then at least you are talking to somebody who seems to have their shit together and is doing investment management and trading as a professional and you are at least partially protected when the shit hits the fan.


LESSON 3 - UNDERSTAND YOUR RISK

Many people jump into Forex, drop $2000 into a broker account and start trading 1 lot orders because they signed up with a broker thinking they will get rich because they were given 500:1 margin and can risk it all on each trade. Worst-case scenario you lose your account, best case scenario you become a millionaire very quickly. Seems like a pretty good gamble right? You are dead wrong.

As a new trader, you should never risk more than 1% of your account balance on a trade. If you have some experience and are confident and doing well, then it's perfectly natural to risk 2-3% of your account per trade. Anybody who risks more than 4-5% of their account on a single trade deserves to blow their account. At that point you aren't trading, you are gambling. Don't pretend you are a trader when really you are just putting everything on red and hoping the roulette ball lands in the right spot. It's stupid and reckless and going to screw you very quickly.

Let's do some math here:

You put $2,000 into your trading account.
Risking 1% means you are willing to lose $20 per trade. That means you are going to be trading micro lots, or 0.01 lots most likely ($0.10/pip). At that level you can have a trade stop loss at -200 pips and only lose $20. It's the best starting point for anybody. Additionally, if you SL 20 trades in a row you are only down $200 (or 10% of your account) which isn't that difficult to recover from.
Risking 3% means you are willing to lose $60 per trade. You could do mini lots at this point, which is 0.1 lots (or $1/pip). Let's say you SL on 20 trades in a row. You've just lost $1,200 or 60% of your account. Even veteran traders will go through periods of repeat SL'ing, you are not a special snowflake and are not immune to periods of major drawdown.
Risking 5% means you are willing to lose $100 per trade. SL 20 trades in a row, your account is blown. As Red Foreman would call it - Good job dumbass.

Never risk more than 1% of your account on any trade until you can show that you are either consistently breaking even or making a profit. By consistently, I mean 200 trades minimum. You do 200 trades over a period of time and either break-even or make a profit, then you should be alright to increase your risk.

Unfortunately, this is where many retail traders get greedy and blow it. They will do 10 trades and hit their profit target on 9 of them. They will start seeing huge piles of money in their future and get greedy. They will start taking more risk on their trades than their account can handle.

200 trades of break-even or profitable performance risking 1% per trade. Don't even think about increasing your risk tolerance until you do it. When you get to this point, increase you risk to 2%. Do 1,000 trades at this level and show break-even or profit. If you blow your account, go back down to 1% until you can figure out what the hell you did differently or wrong, fix your strategy, and try again.

Once you clear 1,000 trades at 2%, it's really up to you if you want to increase your risk. I don't recommend it. Even 2% is bordering on gambling to be honest.


LESSON 4 - THE 500 PIP DRAWDOWN RULE

This is a rule I created for myself and it's a great way to help protect your account from blowing.

Sometimes the market goes insane. Like really insane. Insane to the point that your broker can't keep up and they can't hold your orders to the SL and TP levels you specified. They will try, but during a flash crash like we had at the start of January 2019 the rules can sometimes go flying out the window on account of the trading servers being unable to keep up with all the shit that's hitting the fan.

Because of this I live by a rule I call the 500 Pip Drawdown Rule and it's really quite simple - Have enough funds in your account to cover a 500 pip drawdown on your largest open trade. I don't care if you set a SL of -50 pips. During a flash crash that shit sometimes just breaks.

So let's use an example - you open a 0.1 lot short order on USDCAD and set the SL to 50 pips (so you'd only lose $50 if you hit stoploss). An hour later Trump makes some absurd announcement which causes a massive fundamental event on the market. A flash crash happens and over the course of the next few minutes USDCAD spikes up 500 pips, your broker is struggling to keep shit under control and your order slips through the cracks. By the time your broker is able to clear the backlog of orders and activity, your order closes out at 500 pips in the red. You just lost $500 when you intended initially to only risk $50.

It gets kinda scary if you are dealing with whole lot orders. A single order with a 500 pip drawdown is $5,000 gone in an instant. That will decimate many trader accounts.

Remember my statements above about Forex being a cruel bitch of a mistress? I wasn't kidding.

Granted - the above scenario is very rare to actually happen. But glitches to happen from time to time. Broker servers go offline. Weird shit happens which sets off a fundamental shift. Lots of stuff can break your account very quickly if you aren't using proper risk management.


LESSON 5 - UNDERSTAND DIFFERENT TRADING METHODOLOGIES

Generally speaking, there are 3 trading methodologies that traders employ. It's important to figure out what method you intend to use before asking for help. Each has their pros and cons, and you can combine them in a somewhat hybrid methodology but that introduces challenges as well.

In a nutshell:

Now you may be thinking that you want to be a a price action trader - you should still learn the principles and concepts behind TA and FA. Same if you are planning to be a technical trader - you should learn about price action and fundamental analysis. More knowledge is better, always.

With regards to technical analysis, you need to really understand what the different indicators are tell you. It's very easy to misinterpret what an indicator is telling you, which causes you to make a bad trade and lose money. It's also important to understand that every indicator can be tuned to your personal preferences.

You might find, for example, that using Bollinger Bands with the normal 20 period SMA close, 2 standard deviation is not effective for how you look at the chart, but changing that to say a 20 period EMA average price, 1 standard deviation bollinger band indicator could give you significantly more insight.


LESSON 6 - TIMEFRAMES MATTER

Understanding the differences in which timeframes you trade on will make or break your chosen strategy. Some strategies work really well on Daily timeframes (i.e. Ichimoku) but they fall flat on their face if you use them on 1H timeframes, for example.

There is no right or wrong answer on what timeframe is best to trade on. Generally speaking however, there are 2 things to consider:


If you are a total newbie to forex, I suggest you don't trade on anything shorter than the 1H timeframe when you are first learning. Trading on higher timeframes tends to be much more forgiving and profitable per trade. Scalping is a delicate art and requires finesse and can be very challenging when you are first starting out.


LESSON 7 - AUTOBOTS...ROLL OUT!

Yeah...I'm a geek and grew up with the Transformers franchise decades before Michael Bay came along. Deal with it.

Forex bots are called EA's (Expert Advisors). They can be wonderous and devastating at the same time. /Forex is not really the best place to get help with them. That is what /algotrading is useful for. However some of us that lurk on /Forex code EA's and will try to assist when we can.

Anybody can learn to code an EA. But just like how 95% of retail traders fail, I would estimate the same is true for forex bots. Either the strategy doesn't work, the code is buggy, or many other reasons can cause EA's to fail. Because EA's can often times run up hundreds of orders in a very quick period of time, it's critical that you test them repeatedly before letting them lose on a live trading account so they don't blow your account to pieces. You have been warned.

If you want to learn how to code an EA, I suggest you start with MQL. It's a programming language which can be directly interpretted by Meta Trader. The Meta Trader terminal client even gives you a built in IDE for coding EA's in MQL. The downside is it can be buggy and glitchy and caused many frustrating hours of work to figure out what is wrong.

If you don't want to learn MQL, you can code an EA up in just about any programming language. Python is really popular for forex bots for some reason. But that doesn't mean you couldn't do it in something like C++ or Java or hell even something more unusual like JQuery if you really wanted.

I'm not going to get into the finer details of how to code EA's, there are some amazing guides out there. Just be careful with them. They can be your best friend and at the same time also your worst enemy when it comes to forex.

One final note on EA's - don't buy them. Ever. Let me put this into perspective - I create an EA which is literally producing money for me automatically 24/5. If it really is a good EA which is profitable, there is no way in hell I'm selling it. I'm keeping it to myself to make a fortune off of. EA's that are for sale will not work, will blow your account, and the developer who coded it will tell you that's too darn bad but no refunds. Don't ever buy an EA from anybody.

LESSON 8 - BRING ON THE HATERS

You are going to find that this subreddit is frequented by trolls. Some of them will get really nasty. Some of them will threaten you. Some of them will just make you miserable. It's the price you pay for admission to the /Forex club.

If you can't handle it, then I suggest you don't post here. Find a more newbie-friendly site. It sucks, but it's reality.

We often refer to trolls on this subreddit as shitcunts. That's your word of the day. Learn it, love it. Shitcunts.


YOU MADE IT, WELCOME TO FOREX!

If you've made it through all of the above and aren't cringing or getting scared, then welcome aboard the forex train! You will fit in nicely here. Ask your questions and the non-shitcunts of our little corner of reddit will try to help you.

Assuming this post doesn't get nuked and I don't get banned for it, I'll add more lessons to this post over time. Lessons I intend to add in the future:
If there is something else you feel should be included please drop a comment and I'll add it to the above list of pending topics.

Cheers,

Bob



submitted by wafflestation to Forex [link] [comments]

Is this too good to be true?

I watch videos on Youtube of guys live trading $100 to thousands of dollars. Surely they aren’t legit. Also, I’ve seen so much arguing about Forex being a scam or overhyped? Is it a career that many can pursue? I saw a stat that 98% lose money? I find it difficult to determine what is what. I feel like it is profitable but not for a long time and hard work, and even that profit isn’t outstanding. How are you guys living? Are you making substantial money?
submitted by Fruyd to Forex [link] [comments]

Genesis Vision - TL;DR - 2018/19

Genesis Vision - TL;DR - 2018/19
TL;DR version of Genesis Vision - If I have missed anything let me know & I will update!
Current stats:
Best places to stay up to date:
What we've been treated to so far in 2018:
What's next for GVT:
2019 (no official ETA's):
  • Chinese promotion - The platform and all of the reading materials will be translated into Chinese
  • Integration with decentralized exchanges Idex and Forkdelta: https://blog.genesis.vision/decentralizing-exchanges-turning-ex-into-dex-cbc903d05540
  • Genesis Vision DEX
  • Genesis Vision Network
  • Fiat Gateway
  • Bank & Stocks Integration
  • Further platform development for GV & Genesis Markets
  • Further development of all versions of the platform, ie iOS & Android
Current Partnerships:
Other info:
  • All the managers account balances total to 74,062 GVT as of 17/12/2018.
  • All the managers account balances total to 48,038 GVT as of 29/11/2018.
  • 1.67% of the total supply invested on the platform

  • GenesisVision Total AUM = $251,719!
  • ^ This are the stats for a platform that has launched October 30th. This is WITHOUT Forex implemented and the numerous brokers which are currently being integrated into the platform.
  • See my previous post on why GV will be successful based on them becoming a self sufficient platform by creating revenue: https://www.reddit.com/genesisvision/comments/9p80igenesis_vision_will_soon_become_a_self_sufficient/
  • GVT has started get some attention from some of the bigger Crypto Twitter accounts. The word about GVT is slowly spreading.
Bullish on GVT. You want reasons why im bullish? Re-read this post
submitted by elcryptonerd to genesisvision [link] [comments]

Genesis Vision TL;DR ~ Progress so far, and whats next 2019

Genesis Vision - TL;DR - 2019
Right people, we've had a bad ass update from the team and as some of you know I post this every now and again so people get an overview of GVT. Here it is:
Current stats:
Best places to stay up to date:
Development in progress:
^ And this is just what we know about
How is GVT being utilized within the platform?
  • Profits made by the managers are paid out to the investors in GVT
  • Copy trading subscriptions have to be paid by investors in GVT
  • For each 1000 GVT locked away investors get a 1% success fee reduction (from the platform success fee)
  • Managers and traders on Genesis Markets can reach up to 55% trading fee reduction by locking away up to 500 GVT
  • GVT equivalent of 3% of all profits on the platform will be burned quarterly.
2019 Progress:
  • Risk tags (high/medium/low) added to manager profiles
  • Added ability to hide closed programs in personal dashboard
  • Added open positions into the balance. So you can watch the performance of a program through both its closed and open positions
  • Added visibility to closed programs. So you can now see every program that was opened and managed by a manager
  • Additional tokens already added to GV Funds
  • QUARTERLY GV TOKEN BURN - Starting June 30th 2019
  • Roboforex Integration
  • Ability to short on the platform (via RoboForex)
  • Chain Plus conference in Seoul Korea
  • Genesis Markets & all of its materials translated into Chinese
  • Huobi/Genesis Markets bridge complete
  • Copytrading features
  • Signals w/subscriptions
  • Multicurrency wallet
  • Stop Outs
  • Platform Tags
  • Platform model change (less selling pressure on the GVT token)
  • Additional discounts both for copy trading and investment programs for HODLing GVT
2018 Progress:
  • Metatrader integration
  • Genesis Vision Alpha Version
  • IPFS Integration
  • Numerous trading competitions
  • Launch of Genesis Markets
  • Launch of the iOS & Android Genesis Vision apps
  • Live Platform Launch ~ 30th October
  • Completely overhauled UI/UX for iOS, Android, Investors & Manager portals
  • Fresh website for GV & GM
  • Finance Magnates London Summit
  • Sofia Investor Finance Forum
  • Huobi prestige Investors Fireside Dialogue (speakers)
  • Launch of Genesis Vision Funds
  • GV Market Maker
  • Removal of entry fees for level 1 & 2 managers
  • New leveling system -> https://blog.genesis.vision/do-your-level-best-7dc47d16b44e
  • Forex trading went live -> https://blog.genesis.vision/its-forex-time-89a72c7f5fac
In the works for the future (some speculation)
  • Chinese promotion - The platform and all of the reading materials will be translated into Chinese
  • Genesis Vision DEX
  • Genesis Vision Network -> https://blog.genesis.vision/genesis-vision-network-10bf3e749688
  • Fiat Gateway
  • Bank & Stocks Integration
  • Further platform development for GV & Genesis Markets
  • Further development of all versions of the platform, ie iOS & Android
  • I personally believe we will see GVT listed on some exchanges in 2019
Current Partnerships/Integrations:
Platform statistics
  • See -> https://gvtstats.com for info regarding platform balances etc.!
  • Or follow @GVTProgressBot on Twitter for updates every 24 hours
Bullish on GVT. You want reasons why im bullish? Re-read this post
submitted by elcryptonerd to genesisvision [link] [comments]

Genesis Vision ~ TL;DR ~ 2019

Genesis Vision - TL;DR - 2019
Current stats:
The Genesis Vision team have confirmed the next big update is due by February 28th 2019. There will be many new features and improvements which as of yet are unnannouced
Development underway for 2019:
  • Shorting & leveraged trading (achieved by integration with new brokers/partners below):
  • Trading via Huobi for GVT program managers
  • Trading via Exante
  • Trading via OKEx for GVT program managers
  • Integration with decentralized exchanges Idex and Forkdelta
  • Allowing the deposit and handling of multiple currencies (GVT, BTC, ETH, USDT) on the GV platform. - This is to avoid unccessary conversions. All profits will still be payed out in GVT. So effectively this will only ease the selling pressure while still positively affecting the GVT price
Genesis Vision in 2018:
  • Metatrader integration
  • Genesis Vision Alpha Version
  • IPFS Integration
  • Numerous trading competitions
  • Launch of Genesis Markets
  • Launch of the iOS & Android Genesis Vision apps
  • Live Platform Launch ~ 30th October
  • Completely overhauled UI/UX for iOS, Android, Investors & Manager portals
  • Fresh website for GV & GM
  • Finance Magnates London Summit
  • Sofia Investor Finance Forum
  • Huobi prestige Investors Fireside Dialogue (speakers)
  • Launch of Genesis Vision Funds
  • GV Market Maker
  • Removal of entry fees for level 1 & 2 managers
  • New leveling system ->
  • Forex trading went live ->
In the works for the future (some speculation)
  • Chinese promotion - The platform and all of the reading materials will be translated into Chinese
  • Genesis Vision DEX
  • Genesis Vision Network ->
  • Fiat Gateway
  • Bank & Stocks Integration
  • Further platform development for GV & Genesis Markets
  • Further development of all versions of the platform, ie iOS & Android
  • I personally believe we will see GVT listed on some exchanges in 2019
Current Partnerships:
  • Tools4Brokers
  • LMAX Digital
  • Just2Trade
  • Larson&Holz
  • Monarch
  • RoboForex
  • Exante
Platform statistics
  • See -> https://gvtstats.com for info regarding platform balances etc.!
  • Or follow @GVTProgressBot on Twitter for updates every 24 hours
submitted by elcryptonerd to CryptoCurrency [link] [comments]

Genesis Vision ~ 2019!

Genesis Vision - TL;DR - 2019
TL;DR version of Genesis Vision - I repost this every now and again with the latest updates for both new and old investors of Genesis Vision
Current stats:
Best places to stay up to date:
Development in progress:
^ And this is just what we know about
2019 Progress:
  • Added open positions into the balance. So you can watch the performance of a program through both its closed and open positions
  • Added visibility to closed programs. So you can now see every program that was opened and managed by a manager
  • Additional tokens already added to GV Funds
  • QUARTERLY GV TOKEN BURN - Starting June 30th 2019
  • Roboforex Integration
  • Ability to short on the platform (via RoboForex)
  • Genesis Markets & all of its materials translated into Chinese
  • Huobi/Genesis Markets bridge complete
  • Copytrading features
  • Signals w/subscriptions
  • Multicurrency wallet
  • Stop Outs
  • Platform Tags
  • Platform model change (less selling pressure on the GVT token)
  • Additional discounts both for copy trading and investment programs for HODLing GVT
Genesis Vision in 2018:
  • Metatrader integration
  • Genesis Vision Alpha Version
  • IPFS Integration
  • Numerous trading competitions
  • Launch of Genesis Markets
  • Launch of the iOS & Android Genesis Vision apps
  • Live Platform Launch ~ 30th October
  • Completely overhauled UI/UX for iOS, Android, Investors & Manager portals
  • Fresh website for GV & GM
  • Finance Magnates London Summit
  • Sofia Investor Finance Forum
  • Huobi prestige Investors Fireside Dialogue (speakers)
  • Launch of Genesis Vision Funds
  • GV Market Maker
  • Removal of entry fees for level 1 & 2 managers
  • New leveling system -> https://blog.genesis.vision/do-your-level-best-7dc47d16b44e
  • Forex trading went live -> https://blog.genesis.vision/its-forex-time-89a72c7f5fac
In the works for the future (some speculation)
  • Chinese promotion - The platform and all of the reading materials will be translated into Chinese
  • Genesis Vision DEX
  • Genesis Vision Network -> https://blog.genesis.vision/genesis-vision-network-10bf3e749688
  • Fiat Gateway
  • Bank & Stocks Integration
  • Further platform development for GV & Genesis Markets
  • Further development of all versions of the platform, ie iOS & Android
  • I personally believe we will see GVT listed on some exchanges in 2019
Current Partnerships/Integrations:
Platform statistics
  • See -> https://gvtstats.com for info regarding platform balances etc.!
  • Or follow @GVTProgressBot on Twitter for updates every 24 hours
Bullish on GVT. You want reasons why im bullish? Re-read this post
submitted by elcryptonerd to genesisvision [link] [comments]

Round Ups and Updates: Trades, Strategies and Results.

Hi, I want to do a post to sort of round up and bring together everything I have been talking about over the last week(s). I know it may seem I have been jumping from one thing to another, but it is not dumping one idea and moving onto the next. It is plate spinning. I will do them all, just working on getting them all running concurrently.

Housekeeping

First, a bit of housekeeping. For those of you who are not here because you want to be part of a community that is actively focused on profiting from the Forex market, and talking about the real ways of doing that, based on results; the time really has come for you to leave. I am not booting you. You just will not like it here. That is what this group is going to be about. How to generate profits. There are some "Forex traders" here that seem to think that a dirty word, you will find yourself better company somewhere else. That is going to be the focus of this sub.

Secondly, for those of you who seem to be here to tell me my strategies do not work ... I was not asking! Especially if you openly admit you have not tried them. I am sure standing 1,000 miles away from a chart and calling it "tea leafs" this stuff will not work well at all. I have not tried that, personally, but it does seem it would be unprofitable. So I get it does not work, for you. I asses if it works for me by if it makes money or not. If the market starts to tell me it does not work, then I will adjust it. You're like people living in a desert telling an Eskimo there is no usefulness in ice. You have not done the work, and refuse to suspend prejudice to asses results ... of course it does "not work".

I am only showing people what I do. Via ForexCopy, you can copy my trades if you want. If you ask me questions about what I do, I will gladly help you understand it. However, this is entirely contingent upon you having tried it out yourself (and me being able to tell that from you asking targeted questions). I can only show you what I do. Until you do it, you can not know it like I do. When you are doing it, I will then help you.

Trading

Okay, onto more useful and practical things. Let's talk trading.

Last week went well. I will do another post rounding up the analysis posts and all that stuff.

We sorted out issues we had in week one on live copier testing. From the open of the week to the close the account went from around $50 to about $72.

https://preview.redd.it/da3vugz7qcb21.png?width=876&format=png&auto=webp&s=aa73f605b98293fd4e12139b50867fc1767838f7
These stats are fuzzed a bit, since it is starting from a DD point (from last week). The actual gain here was closer to 40% or so. The actual draw-down probably more like 7%.


https://preview.redd.it/5vxt50ufqcb21.png?width=852&format=png&auto=webp&s=a2135aa0cf72c6d9792d8a1dbf34d8b6fbf93b09

You can see the trades here. Loses tended to come in couples adding up to about 5%. There was not a strong of losses incurring 16% draw-down.


$2 Flip Challenge.
See first
https://www.reddit.com/Forexnoobs/comments/agsnmm/40_1000_flip_challenge_update/

This is on! I busted a few times. First about $2 deposit. Then $1 twice. Then starting from $2 again I got up to $5, and closed the week at $5. $5 give me several chances to catch a decent trade next week. Depending on market conditions, I may look to scalp small profits to bankroll if it is ranging and not flowing much. However, if it is trending, I will look ofr ways to position and then use equity profits to build a larger position (at the same starting risk) and look to flip $1 risk into $10 to $20 +. From there, things will be much easier. I can then just link this with one of the copier strategies and see how much it can be compounded. If we reach $5,000, I will bank $4,000, and then we can look at doing something far more ambitious.

I've re-pinned the Myfxbook to start on Friday (since this is the first day getting above minimum viable margin)
http://www.myfxbook.com/members/inweedwetrust/40-1000/2893650
(Myfxbook on it is strange at the moment, showing it floating down in equity, but it is not. All trades are closed. I am sure this will fix itself within a few pings in the starting week).


Copy Trading

Copy trading is ready for a soft launch. Things are running well on current copying accounts and we can add some more.
The first one will be a simple strategy, the main aim of this is for it to be broker flexible. So it can be used by a variety of people. Also to be non tome consuming, and not requiring VPS to run.

As well as having the option to copy this strategy, you can also use it just as a signals service. Checking if there are orders placed and then placing the same ones manually, if you want. Please understand any trades taken under any form are entirely your decision to make. I accept no liability for loss.

You can read about this strategy in full here https://www.reddit.com/ForexCopy/comments/agrttm/simple_trend_signals_strategy/

For this week, we will stick with just this one. This is easy, and low maintenance and it will give us another week of making sure everything works well in the more complex strategies.

If you are copying/using signals from this strategy, it would be very helpful for me if you can set up a Myfxbook for tracking the results. Please let me know if you do that. Send me a message (message, rather than chat. I tend to miss a lot of chats). Or post the link here.

Through the next week (maybe even all over the weekend), I will publish the other strategy plans. We will not be using them this week, it is just prep for what we will be using going forward presuming week 3 of live testing goes well.


Asset Management Competition

See first
https://www.reddit.com/Forexnoobs/comments/aezw0t/asset_management_competition/

I will start tracking an account for this starting on Monday. No-one else has said they want to take part in this, which is sad. However, I will still do it and provide the benchmark strategy. If others do start to get involved and they are showing reasonable results, I will start to look for someone to sponsor it. Should be able to get those who do well over a year or so at least $50,000 or so in investment for them to test out their wings in real asset management.




submitted by inweedwetrust to Forexnoobs [link] [comments]

Newbie Live UK trader with questions about trading, tax, and spread betting

hey forex bros, I'm a newbie UK trader with questions regarding tax, spread betting and trading.
A little bit about my situation; I've had a live acc for about 2 months now, demo traded close to a year and a half. Live so far is going almost too good to be true! which is always nice but I'm treading lightly cos based on my stats, I'm bouned overdue some trades not going my way.
Anyways, The reason I'm posting is because i always assumed traders don't get TAX'd in the UK. I didn't realize it only applies to spread betting until a couple days ago.
I trade with Oanda, after learning this I've opened a spread betting acc with them and the UI and method of placing a trade/bet seems almost identical BUT it cant be right?
my questions; - is there more of a risk to spread betting than normal trading? if so what is it? - would say a massive account closing SL slip be dealt with the same in spread betting as it would normal trading? - if trading is safer, would it be better to go back to trading and pay tax? - if you're a UK citizen too, what do you do and why?
thanks for your time
submitted by r3flex_MMA to Forex [link] [comments]

Why are Futures so much more profitable than Forex?

I just stumbled across this link: http://www.worldcupchampionships.com/live-stats-3 which shows the results of a trading competition for Futures and Forex. I was surprised by how much of a discrepancy there is between the net profits of Futures vs Forex. I know these results might not be perfectly representative and give they are from a competition type event, people probably don't necessarily adhere to best practices in trading etc. but given how consistently the Futures traders outperformed the FX traders (by a huge margin!), I can't help but wonder why that could be. I understand the basic arguments for Futures over FX such as Volume Data, lower commissions, more regulated Brokers etc. but can any of that really explain this big difference? Is Volume Data maybe really that valuable? I haven't been able to find any solid resource giving a good explanation, so if you do know one, please share.
submitted by mersis to Forex [link] [comments]

Subreddit Stats: AskEconomics posts from 2018-09-23 to 2018-12-09 01:20 PDT

Period: 76.83 days
Submissions Comments
Total 982 5230
Rate (per day) 12.78 67.37
Unique Redditors 702 946
Combined Score 5730 16211

Top Submitters' Top Submissions

  1. 366 points, 45 submissions: benjaminikuta
    1. So, what's the difference between this new trade deal with Mexico and Canada and the old one, and what are the implications? (68 points, 12 comments)
    2. Do powerful unions increase wages above the optimal level, or do firms with market power cause imperfect competition in the labor market, causing sub optimal wages? (Or both?) (29 points, 2 comments)
    3. How do the salaries of high paid professionals compare between the US and various other developed countries? (28 points, 1 comment)
    4. Just how much more expensive is it to build on mountainous terrain than on flat land? How much more expensive would housing have to be before it's economical to develop the mountains of Hong Kong? (27 points, 5 comments)
    5. When it is said that someone in a third world country lives on a dollar a day, what does that actually mean? (25 points, 19 comments)
    6. How do economists measure unpaid work? (23 points, 8 comments)
    7. What's the economic effect of legal vs illegal immigration? (22 points, 10 comments)
    8. If someone saved enough money to live on investment income, could their descendants live off it indefinitely? (Assuming they don't spend the principle, reinvest to account for inflation, etc, of course.) (20 points, 46 comments)
    9. How effectively can negative externalities be quantified? (11 points, 7 comments)
    10. What are some common misconceptions about economics? (11 points, 19 comments)
  2. 134 points, 11 submissions: Fart_Gas
    1. Is free public transport a good idea? (42 points, 20 comments)
    2. What caused the 1997 Asian Financial Crisis? (31 points, 13 comments)
    3. Would it be more economical for supermarkets to slightly under-stock? (21 points, 12 comments)
    4. Will Venezuela's plummeting economy make it a good choice for low-wage industries? (20 points, 8 comments)
    5. What might cause sudden inflation? (7 points, 2 comments)
    6. Why do some countries without hyperinflation use a foreign currency in everyday life? (7 points, 3 comments)
    7. Has any country tried reducing the minimum wage, and ended up with a good result from it? (4 points, 8 comments)
    8. Is Ordoliberalism feasible for most poor and recently war-torn countries? (1 point, 0 comments)
    9. Why do some businesses sponsor sporting teams in countries they don't operate in, and that they don't plan to expand to in the foreseeable future? (1 point, 1 comment)
    10. Is it inevitable that certain areas will never recover from a war? If so, why? (0 points, 0 comments)
  3. 96 points, 5 submissions: MrZer
    1. Why do countries like France or Japan have a high debt to GDP but aren't in shambles like Greece? (43 points, 16 comments)
    2. Milton Friedman is well respected by many economists, why aren't there more Libertarians? (22 points, 18 comments)
    3. I've heard Marxists claim that central planning is good because the military and corporations do it. (20 points, 38 comments)
    4. Someone once said "Interest is what actually creates money. Without debt and interest, our economies would collapse." (7 points, 5 comments)
    5. What does it mean when people say China manipulates currency? (4 points, 7 comments)
  4. 83 points, 17 submissions: Whynvme
    1. Do economists actually calculate consumer surplus empirically, or is it more of s theoretical concept? (19 points, 5 comments)
    2. If we have cobb douglas preferences, my demand for x is not a function of the price of y. How do substitution effects arise then? (13 points, 6 comments)
    3. Is me making more money than I would necessarily require to work( so more than my 'opportunity wage') for a job an economic inefficiency? or is ineffiency in labor markets a wedge between my marginal revenue product and my wage? (11 points, 3 comments)
    4. some basic macro questions (6 points, 5 comments)
    5. understanding equilibrium in a dynamic context? (6 points, 1 comment)
    6. Trying to understand economies of scale, e.g. costco (5 points, 5 comments)
    7. Why does inflation necessarily mean wages will be increasing too? (5 points, 3 comments)
    8. question about equilibrium tax incidence (3 points, 1 comment)
    9. trying to understand the utility of theoretical models (3 points, 3 comments)
    10. when firms are earning short run economic profit, does that just mean all factors of production are earning more than their opportunity cost? so firms entering the industry = labor and capital reallocating towards that industry by forming new firms? (3 points, 1 comment)
  5. 65 points, 1 submission: imadeadinside
    1. If Bruce Wayne was revealed as Batman, would stock prices and sales skyrocket or plummet for Wayne Enterprises (65 points, 16 comments)
  6. 57 points, 2 submissions: csObsession
    1. Do most economists think political and economic freedoms are intrinsically tied together? How do they explain the success of extremely authoritarian capitalist governments (Singapore, China, South Korea, Chile)? (37 points, 25 comments)
    2. Why are salaries for professionals so much higher in the United States than other developed countries? (20 points, 34 comments)
  7. 53 points, 13 submissions: Experimentalphone
    1. Why do Information Technology workers are so high in demand and earn so much in Western countries but doesn't even get sustenance wage in Bangladesh? (30 points, 10 comments)
    2. Anyone know of a comprehensive list of all the sub disciplines one can do a PhD in Economics, Finance and Business? (6 points, 4 comments)
    3. Which PhD sub disciplines have the least math but still good employability prospects in academia and industry? (5 points, 19 comments)
    4. What is the best website to publish your working papers in Economics? (3 points, 4 comments)
    5. Do I have to prove factual assertions before providing my arguments on economic policy suggestions for a journal article? (2 points, 4 comments)
    6. Why is the Ready Made Garments industry of Bangladesh declining due to withdrawal of trade privileges of Western countries when prices are already competitive in the world market? (2 points, 1 comment)
    7. Are qualitative policy prescription papers accepted by most journals or are they better of in blog posts? (1 point, 7 comments)
    8. What is the best free website for working papers in Economics? (1 point, 3 comments)
    9. Where can I find data on work conditions and how hard is the work of foreign students who work alongside their studies legally or illegally? (1 point, 0 comments)
    10. Which metrics do I need, to find out the effects of outward remittance on a poor economy? (1 point, 5 comments)
  8. 52 points, 6 submissions: FrankVillain
    1. Is China still considered a centrally planned economy? (16 points, 4 comments)
    2. Ressources on the Soviet industrial failures due to poor economics? (15 points, 2 comments)
    3. What is the reason behind France's high unemployment rate? (10 points, 13 comments)
    4. About Land Value Tax & Single Tax: how would it affect farmers and those of them who own their land? (9 points, 3 comments)
    5. Does welfare policies contribute to inflation? (2 points, 1 comment)
    6. If a Bitcoin is worth $1 000 000 and some persons like Satoshi have one or more millions of it... what power do they have? Can they disrupt the financial system with the huge amount of dollars that they have? (0 points, 8 comments)
  9. 49 points, 9 submissions: Chumbaka
    1. Can someone explain M0 , M1 and M2 to me? (13 points, 2 comments)
    2. Why is inflation and deflation bad? (13 points, 8 comments)
    3. Can anyone explain why this happens and what it means? (10 points, 3 comments)
    4. Stupid question but : Why does printing lots of money lead to inflation? (5 points, 14 comments)
    5. Why aren't all banks Full Reserve Banking? (5 points, 3 comments)
    6. What does this stock market fall mean to the economy as a whole? (3 points, 4 comments)
    7. How do I pick an economist ideology to support? (0 points, 3 comments)
    8. Is investing in Forex worth it? (0 points, 15 comments)
    9. What is Fractional Reserve Banking? (0 points, 4 comments)
  10. 47 points, 1 submission: furikakebabe
    1. The Tax Bill of 2017 reduced corporate tax rate from 35% to 21%. Tax haven countries have rates as low as 15%. Why would companies be more likely to move money back to the US if they still aren’t getting a better rate? (47 points, 6 comments)
  11. 47 points, 1 submission: gh0bs
    1. Why does the economy have to be a series of bubbles and bursts/corrections, rather than a sustained gradual growth? (47 points, 32 comments)
  12. 45 points, 1 submission: wcoleman22
    1. For all the economists out there that got advanced degrees, what were your most influential assigned readings? (45 points, 23 comments)
  13. 43 points, 1 submission: Crane_Train
    1. How could Venezuela fix its economy? (43 points, 17 comments)
  14. 42 points, 4 submissions: Jollygood156
    1. Why didn't quantitative easing + low interest rates raise inflation high? (20 points, 36 comments)
    2. How do we actually refute MMT? (12 points, 69 comments)
    3. What is Nominal GDP targeting and why do so many people advocate for it? (6 points, 16 comments)
    4. How exactly are land value taxes calculated? (4 points, 3 comments)
  15. 42 points, 1 submission: kornork
    1. With Soybeans piling up and a 12 Billion bailout from the trade war, how come tofu isn’t super cheap right now? (42 points, 3 comments)
  16. 41 points, 1 submission: TheHoleInMoi
    1. Are there any papers/solid arguments about the benefits of having more local business as opposed to corporate consolidation? (41 points, 2 comments)
  17. 39 points, 1 submission: infernomedia
    1. What are some of the most interesting results in economics that are widely well regarded by the academic community to come out in the last decade? (39 points, 7 comments)
  18. 38 points, 1 submission: -reasonable-person-
    1. From an Economic Perspective What is the Most Effective Way for Mexico to end its Violent Organized Crime Problem? (38 points, 13 comments)
  19. 38 points, 1 submission: ajsox22
    1. Does culture impact the growth and development of a nation's economy? (38 points, 15 comments)
  20. 37 points, 8 submissions: MedStudent-96
    1. Quasi-convexity of the Indirect Utility Function? (12 points, 14 comments)
    2. Is my textbook wrong? (9 points, 8 comments)
    3. Interpretation of Lagrange Multipliers for Consumer (5 points, 4 comments)
    4. Consumer Demand Interpretation for Cobb Douglas-Non Convex to Origin. (4 points, 6 comments)
    5. Do monopolies produce the same as a competitive firm in the long run? (4 points, 8 comments)
    6. In some circumstances can a monopoly leave the consumer better off? (1 point, 3 comments)
    7. Two Period Consumption Savings Model (1 point, 3 comments)
    8. [General Equilibrium] Proving that in the limit case the core shrinks to the set of competitive equilibrium. (1 point, 0 comments)

Top Commenters

  1. BainCapitalist (2255 points, 571 comments)
  2. smalleconomist (1053 points, 307 comments)
  3. RobThorpe (853 points, 247 comments)
  4. Calvo_fairy (721 points, 146 comments)
  5. Cross_Keynesian (527 points, 126 comments)
  6. zzzzz94 (468 points, 83 comments)
  7. raptorman556 (334 points, 91 comments)
  8. Integralds (323 points, 51 comments)
  9. whyrat (298 points, 56 comments)
  10. MrDannyOcean (290 points, 48 comments)
  11. isntanywhere (263 points, 84 comments)
  12. benjaminikuta (249 points, 133 comments)
  13. penguin_rider222 (158 points, 40 comments)
  14. daokedao4 (148 points, 23 comments)
  15. lawrencekhoo (132 points, 13 comments)
  16. ecolonomist (129 points, 45 comments)
  17. RegulatoryCapture (126 points, 29 comments)
  18. intowilde (114 points, 28 comments)
  19. VineFynn (113 points, 30 comments)
  20. MedStudent-96 (103 points, 48 comments)

Top Submissions

  1. So, what's the difference between this new trade deal with Mexico and Canada and the old one, and what are the implications? by benjaminikuta (68 points, 12 comments)
  2. If Bruce Wayne was revealed as Batman, would stock prices and sales skyrocket or plummet for Wayne Enterprises by imadeadinside (65 points, 16 comments)
  3. Why does the economy have to be a series of bubbles and bursts/corrections, rather than a sustained gradual growth? by gh0bs (47 points, 32 comments)
  4. The Tax Bill of 2017 reduced corporate tax rate from 35% to 21%. Tax haven countries have rates as low as 15%. Why would companies be more likely to move money back to the US if they still aren’t getting a better rate? by furikakebabe (47 points, 6 comments)
  5. For all the economists out there that got advanced degrees, what were your most influential assigned readings? by wcoleman22 (45 points, 23 comments)
  6. How could Venezuela fix its economy? by Crane_Train (43 points, 17 comments)
  7. Why do countries like France or Japan have a high debt to GDP but aren't in shambles like Greece? by MrZer (43 points, 16 comments)
  8. Is free public transport a good idea? by Fart_Gas (42 points, 20 comments)
  9. With Soybeans piling up and a 12 Billion bailout from the trade war, how come tofu isn’t super cheap right now? by kornork (42 points, 3 comments)
  10. Are there any papers/solid arguments about the benefits of having more local business as opposed to corporate consolidation? by TheHoleInMoi (41 points, 2 comments)

Top Comments

  1. 68 points: Calvo_fairy's comment in Milton Friedman is well respected by many economists, why aren't there more Libertarians?
  2. 62 points: Calvo_fairy's comment in Milton Friedman is well respected by many economists, why aren't there more Libertarians?
  3. 54 points: Calvo_fairy's comment in If Bruce Wayne was revealed as Batman, would stock prices and sales skyrocket or plummet for Wayne Enterprises
  4. 52 points: Qwernakus's comment in What is the difference between GDP (Nominal), GDP (PPP), and Real GDP ?
  5. 50 points: TheoryOfSomething's comment in Which parts of Marxism are theoretically dependent on the labor theory of value and which are not?
  6. 47 points: Lucid-Crow's comment in I've heard Marxists claim that central planning is good because the military and corporations do it.
  7. 46 points: Integralds's comment in Milton Friedman is well respected by many economists, why aren't there more Libertarians?
  8. 44 points: Yankee9204's comment in If Bruce Wayne was revealed as Batman, would stock prices and sales skyrocket or plummet for Wayne Enterprises
  9. 43 points: lawrencekhoo's comment in With Soybeans piling up and a 12 Billion bailout from the trade war, how come tofu isn’t super cheap right now?
  10. 42 points: Cross_Keynesian's comment in Does income inequality really matter?
Generated with BBoe's Subreddit Stats
submitted by subreddit_stats to subreddit_stats [link] [comments]

Subreddit Stats: football top posts from 2012-06-14 to 2018-10-07 21:55 PDT

Period: 2306.15 days
Submissions Comments
Total 999 14885
Rate (per day) 0.43 6.45
Unique Redditors 576 6128
Combined Score 82917 66145

Top Submitters' Top Submissions

  1. 5168 points, 80 submissions: Commandant1
    1. Tottenham Hotspur have nine players in the World Cup semifinals, more than any other club (313 points, 27 comments)
    2. World Cup final: France 4-2 Croatia. France are World Cup Champions! (227 points, 115 comments)
    3. Son Heung-Min and South Korea advance to Asian Games final with 3-1 win over Vietnam (125 points, 14 comments)
    4. Joe Hart joins Burnley after 12 years as a Manchester City player (123 points, 14 comments)
    5. Hugo Lloris “more than twice the legal limit” after drink driving arrest (92 points, 17 comments)
    6. FIFA Officials Arrested Amid Corruption Scandal; Could Face U.S Extradition (87 points, 21 comments)
    7. Tottenham star Son Heung-min could play his way out of military service (87 points, 29 comments)
    8. Keisuke Honda to coach Cambodia national team while playing in A-League (85 points, 5 comments)
    9. Crystal Palace Ladies: Wilfried Zaha makes 'substantial financial contribution' to club (84 points, 3 comments)
    10. Usain Bolt to join Dortmund training on Friday (84 points, 10 comments)
  2. 2969 points, 49 submissions: SubbyDoo
    1. Bojan Krkic: ‘I had anxiety attacks but no one wants to talk about that. Football’s not interested’ (100 points, 6 comments)
    2. Sepp Batter says Qatar cheated to host World Cup | News | The Sunday Times (99 points, 16 comments)
    3. Watford unveil this season's away kit, by sending the away shirt to every fan who attended all 19 away games last season. (99 points, 5 comments)
    4. Chelsea will attempt to withhold part of the £9m owed to Antonio Conte in severance pay on the grounds that his text message to Diego Costa telling him he was not wanted cost the club millions in lost transfer revenue (96 points, 11 comments)
    5. Sony Pulls FIFA World Cup Sponsorship (93 points, 18 comments)
    6. Zlatan Ibrahimovic has now scored on his Premier League, Serie A, La Liga, Ligue 1 and Champions League debut (92 points, 6 comments)
    7. Italian refs' new rule: "If on the pitch a referee hears a player using a racist term, that player is quite simply sent off" (81 points, 14 comments)
    8. Eriksen Does It Again (76 points, 5 comments)
    9. One of the world's oldest known footballs, found in the rafters of a bedroom in Stirling Castle and dating from around the time of Mary Queen of Scots in the 16th century (76 points, 4 comments)
    10. Russia's entire 2014 World Cup squad face FIFA doping investigation (73 points, 4 comments)
  3. 2879 points, 5 submissions: chocolat_ice_cream
    1. Football commentators (LOUD) (1207 points, 43 comments)
    2. Denmark against Iran. Iranian player heard a whistle from the public, he thought that it was the end end of the fist half, and caught the ball with his hands, conceding a penalty. Denmark coach ordered his player to miss the penalty. True football. (865 points, 33 comments)
    3. Japanese fans collecting the garbage after the game today. Winning inside and out of the field. (613 points, 24 comments)
    4. Million dollar baby (127 points, 12 comments)
    5. From Russia with love - Football is nothing without supporters (67 points, 15 comments)
  4. 1953 points, 34 submissions: StaleMilkNothingTher
    1. Messi splitting apart defences with one touch (94 points, 22 comments)
    2. The Zenit St Petersburg photo we'd all been waiting for, even if we didn't know it. (77 points, 3 comments)
    3. Série B is terribly underrated. Everything about this clip is fantastic. (76 points, 2 comments)
    4. Andy Carroll to be turned into very expensive glue (75 points, 0 comments)
    5. A Spanish youth coach is sacked after his team wins 25-0 (67 points, 8 comments)
    6. Michael Cox on Twitter: "Players missing the biggest game of their lives for two minor offences over five games is absolutely crazy" (65 points, 13 comments)
    7. A Liverpool fan is asked about why he doesn't want to pay £77 for a ticket (64 points, 10 comments)
    8. This guy's started the betting season strongly (64 points, 0 comments)
    9. Everton’s Steven Naismith buys Christmas dinner for hundreds of Glasgow’s homeless (63 points, 4 comments)
    10. Leicester City fans were celebrating long after the game. The announcer said: "thanks for your attendance but kindly leave". They responded: "we shall not be moved" (62 points, 6 comments)
  5. 1583 points, 15 submissions: OriginalJoker11
    1. While everyone is talking about Salah, Messi and Ronaldo, let's not forget that Ciro Immobile has scored 39 goals for Lazio this season, same as Salah and Messi (186 points, 10 comments)
    2. truly amazing story. Artyom Dzyuba was thrown out of Zenit by Roberto Mancini and went on loan to Arsenal Tula. Arsenal had to pay $160,000 in order for him to play vs Zenit today. Dzyuba paid half - $80,000 - himself and scored the late equalizer in a 3-3 draw. Payback time! (185 points, 5 comments)
    3. Heung Min-Son been named Best Footballer in Asia for the 3rd time. (129 points, 7 comments)
    4. Mo Salah is the first Premier League player to score 40+ goals in all competitions since Cristiano Ronaldo in 2007-08. King. (128 points, 8 comments)
    5. Since the start of the 2015-16 season, no player has more assists for Sunderland in league games than Adam Johnson (5), who has been in prison now for over two years.. (123 points, 6 comments)
    6. Man City keeper Ederson: 'I want to score before the end of the season' (118 points, 27 comments)
    7. Mohamed Salah has scored 31 Premier League goals this season – the joint-most by a player in a 38-game PL campaign (also Alan Shearer 95-96, Cristiano Ronaldo 07-08, Luis Suarez 13-14). Elite. (118 points, 12 comments)
    8. Wenger: “If God exists & one day I go up there and he will ask: ‘What have you done in your life?’. The only answer I will have is: ‘I tried to win football games.’ He will say: ‘Is that all?’ And the answer I will have is: ‘It’s not as easy as it looks.’” (103 points, 4 comments)
    9. Schalke 2-0 Dortmund - Naldo 82'(incredible goal) (102 points, 12 comments)
    10. Di Francesco:"Against Barca, we played as a team, we didn't focus on [Lionel] Messi and, by playing in this way, we can achieve great things. "We can't win this game by only stopping one player, we need to focus as a team. Liverpool is not only Salah, Liverpool has a number of good players. " (96 points, 3 comments)
  6. 1132 points, 10 submissions: Rockithammer
    1. UEFA allows additional extra-time sub in Champions League (206 points, 11 comments)
    2. World cup 2022 dates - 21 november to december 18 (185 points, 92 comments)
    3. Best Fifa Football Awards 2018: Luka Modric beats Cristiano Ronaldo and Mo Salah to be named men's player of the year (130 points, 41 comments)
    4. Zlatan Ibrahimovic's low-key MLS debut: a wondergoal then the winner for LA Galaxy (117 points, 9 comments)
    5. Roma 3 Barcelona 0: Edin Dzeko inspires Champions League away goals upset (110 points, 33 comments)
    6. Stuttgart Player Literally Throws Ball In His Own Net (88 points, 10 comments)
    7. Arsenal have confirmed the appointment of Unai Emery as their new head coach, replacing Arsene Wenger at the Emirates. (84 points, 8 comments)
    8. Steven Gerrard appointed as new Rangers manager: 'It was a no-brainer' (84 points, 4 comments)
    9. Kylian Mbappe nets four goals in the space of 13 minutes as hosts run riot to go eight points clear (68 points, 12 comments)
    10. Atletico Madrid beats Marseille 3-0 and wins Europa League (60 points, 23 comments)
  7. 1031 points, 16 submissions: RedArmyNic
    1. Leicester City are the first English club ever to win their first two matches in the Champions League (120 points, 4 comments)
    2. Chapecoense player wakes up from coma, doesn't remember plane crash (94 points, 1 comment)
    3. Athletic Bilbao fans celebrating their women's team becoming champions of Spain. (87 points, 19 comments)
    4. Russian 2nd division club Baltika Kaliningrad travels 10,300 km for a 0-0 draw in league match (84 points, 10 comments)
    5. Real Madrid are the only club to score more hat tricks in the Champions League than Lionel Messi (7). (75 points, 6 comments)
    6. After a six-year ban due to riots, fans in Egypt return to watch matches (65 points, 0 comments)
    7. Zlatan to United is confirmed (65 points, 9 comments)
    8. Mark Clattenburg got these tattoos to remind him of the big year he's had. (62 points, 10 comments)
    9. Carlos Tevez is set to become the richest soccer player on earth (56 points, 11 comments)
    10. Lionel Messi Said To Be Retiring From Argentina National Team (50 points, 19 comments)
  8. 1025 points, 16 submissions: CryptoandFOREX
    1. Eden Hazard to be offered £300k a week to stay at Chelsea! (121 points, 25 comments)
    2. Jose Mourinho reportedly set to lose Manchester United job and Zinedine Zidane favourite to replace him (119 points, 24 comments)
    3. Messi makes LaLiga history with Barcelona's 6000th goal! (90 points, 4 comments)
    4. Mohamed Salah filmed using mobile phone while driving with footage of Liverpool star handed over to police (68 points, 61 comments)
    5. Ryan Mason: “I have 14 metal plates in my skull. And I was a lucky boy” (65 points, 3 comments)
    6. Spain hit Croatia for six in Nations League opener (64 points, 15 comments)
    7. Luke Shaw in 'fairly comfortable' condition after horror collision, says Gareth Southgate (63 points, 0 comments)
    8. Hugo Lloris: Tottenham goalkeeper charged with drink-driving!! (59 points, 9 comments)
    9. Germany to host Euro 2024! (56 points, 0 comments)
    10. FIFA World Rankings: France sit top and England move up six after World Cup (53 points, 16 comments)
  9. 861 points, 14 submissions: todevils
    1. All jerseys ever worn by Ronaldinho in his career (136 points, 10 comments)
    2. Ibrahimovic drops Nike to launch his own brand (83 points, 12 comments)
    3. Liverpool vs Ludogorets unwatchable for those that are Colourblind (69 points, 18 comments)
    4. Mario Balotelli confirms he is leaving Milan to join Liverpool (69 points, 8 comments)
    5. Cameroonian player dies in Algeria after being hit by object from crowd (62 points, 4 comments)
    6. FIFA member believes 2022 World Cup will be moved from Qatar (59 points, 12 comments)
    7. Feynoord has a throw-in go straight into goal (58 points, 21 comments)
    8. Marco Reus signs new Borussia Dortmund deal (57 points, 5 comments)
    9. Cristiano Ronaldo recently became the official shirt sponsor for Portuguese 2nd division team União da Madeira (53 points, 11 comments)
    10. Shakhtar Donetsk says its club headquarters has been occupied by "armed men" (46 points, 7 comments)
  10. 833 points, 6 submissions: Hyv_Angel
    1. Commentator: “Sokratis Papastathopoulos passes to Konstantinos Mavropanos. He looks for Stephan Lichtsteiner... He’s found Henrikh Mkhitaryan making a run. He passes to Pierre-Emerick Aubameyang... And that's fulltime.” (300 points, 16 comments)
    2. I feel Portugal and Spain were really given a run for their money by Iran and Morocco. This was by far the most competitive group so far. Here is a look back at Portugal's game and how Iran punched above their weight to give the Portuguese a real scare. (229 points, 25 comments)
    3. World Cup Matches that Shook the World in the 21st Century. Today also happens to be the day when van Persie scored that stupendous header vs Spain. (137 points, 15 comments)
    4. Rojo: “My goal? Messi told everyone that it was either life or death. It would’ve gone badly. We could’ve conceded but Leo was stubborn. He told me to run forward. Even Masche. He told everyone to attack no matter what. He truly read the game & risks. He’s a leader. The best.” (65 points, 3 comments)
    5. #LUFC are delighted to announce the appointment of Argentine Marcelo Bielsa in the role of head coach (56 points, 5 comments)
    6. Football while fasting: life in the Ramadan Midnight League (46 points, 7 comments)
  11. 818 points, 1 submission: Nempowa
    1. England try to score while Croatia were celebrating (818 points, 95 comments)
  12. 700 points, 1 submission: Falland
    1. Batshuayi hits the target! (700 points, 23 comments)
  13. 688 points, 12 submissions: JoeAllan
    1. Amazon 'very likely' to bid for Premier League streaming rights (112 points, 12 comments)
    2. Manchester United won fewest points per £1m spent on wages (80 points, 2 comments)
    3. The FA Approves Retroactive Diving Bans (67 points, 17 comments)
    4. Check out this Altidore goal in the USA vs Germany game!!!! (66 points, 6 comments)
    5. Premier League scores in the US as NBC coverage finds growing audience (53 points, 8 comments)
    6. The best player from every Premier League club this season --- agree? (47 points, 17 comments)
    7. Villarreal sit top of La Liga for the first time in their history (47 points, 0 comments)
    8. SPAIN V RUSSIA MATCH THREAD (46 points, 83 comments)
    9. Arsenal season-ticket holders’ disgust at £132 Bayern Munich tickets (45 points, 7 comments)
    10. The REAL victims in Qatar WC debacle: the slave workers -- short documentary (45 points, 1 comment)
  14. 686 points, 3 submissions: deckymch
    1. Footage of the French half time team talk during the World Cup final (English subtitles) (487 points, 61 comments)
    2. Monaco sign Russian World Cup star Golovin (106 points, 10 comments)
    3. Son extends Tottenham contract (93 points, 9 comments)
  15. 574 points, 11 submissions: Icanhazcomment
    1. Messi goal vs AC Milan [gif] (71 points, 5 comments)
    2. Drogba great finish vs Madrid [Gif] (63 points, 6 comments)
    3. Hulk fakes himself [Gif] (61 points, 2 comments)
    4. Modric's lovely goal against United [gif] (60 points, 12 comments)
    5. David Luiz's 35 yarder [gif] (55 points, 5 comments)
    6. Hazard stunner vs Stoke City [Gif] (49 points, 4 comments)
    7. Eboue hammers it in against Madrid [Gif] (48 points, 3 comments)
    8. Alaba goal vs Juventus (43 points, 12 comments)
    9. Eden Hazard goal vs United [Gif] (42 points, 6 comments)
    10. Fantastic link up by AC Milan for Muntari's goal [Gif] (41 points, 4 comments)
  16. 520 points, 1 submission: ancestorprotector
    1. Oh what a finish by Bale (520 points, 49 comments)
  17. 490 points, 9 submissions: provenquality
    1. Man City have spent £327m since 2011 to make two changes to their first XI (78 points, 14 comments)
    2. How a curmudgeonly old reporter exposed the FIFA scandal that toppled Sepp Blatter (73 points, 1 comment)
    3. Sepp Blatter admits it was a mistake to host 2022 World Cup in Qatar (56 points, 26 comments)
    4. Mourinho (on Guardiola): "If you enjoy what you’re doing, you don’t lose your hair" (50 points, 8 comments)
    5. Winter in Qatar is Still in Qatar (49 points, 0 comments)
    6. Leo Messi to face trial over €4.1m tax fraud (48 points, 5 comments)
    7. Austrian players say referee was ‘too scared’ to send off Zlatan Ibrahimovic (46 points, 8 comments)
    8. Manchester United appoint Louis van Gaal as manager (46 points, 6 comments)
    9. Daily Mail's England team of the future from 2007... Where are they now? (44 points, 14 comments)
  18. 456 points, 3 submissions: randommanunitedfan
    1. 5 year old Luka Modric is collecting his herd of goats before his family was forced to flee the area and become refugees. (200 points, 36 comments)
    2. Love how the France Chants Kante's name. (169 points, 5 comments)
    3. The 20th goal that Everton scored today. Guess the keeper had enough (87 points, 17 comments)
  19. 445 points, 4 submissions: ammar430
    1. Neymar earned £200,000 to say sorry for behaviour at the World Cup – and he didn’t even write the apology (172 points, 33 comments)
    2. Luka Modric price tag set at staggering £670m as Real Madrid warn Inter Milan off transfer (162 points, 25 comments)
    3. Florentino is willing to pay 300m euros to bring Neymar to Real Madrid (67 points, 22 comments)
    4. Vinícius Júnior: ‘If God wants, Neymar and I will play together at Real Madrid" (44 points, 5 comments)
  20. 439 points, 1 submission: JakFrizz
    1. 5 girls no cup (439 points, 13 comments)
  21. 407 points, 1 submission: LeftyLuke-87
    1. Bend it like Beckham (407 points, 38 comments)
  22. 406 points, 7 submissions: Curiousme14
    1. The FA Council has rejected Hull City’s application to change their playing name to Hull Tigers (84 points, 7 comments)
    2. Qatar paid $1.7 million for Asian votes (67 points, 7 comments)
    3. Argentina Donate Their Runner-Up World Cup Prize Money to Argentinian Hospital (61 points, 1 comment)
    4. Barcelona offer Luis Suarez £40million deal - but only if striker agrees to 'bite clause' (60 points, 11 comments)
    5. Vanishing Spray Is More Revolutionary Than Goal-Line Technology (48 points, 13 comments)
    6. Leicester have been promoted back to the Premier League after a 10 year hiatus. (45 points, 4 comments)
    7. Gianluigi Buffon to play for three more years for Juventus (41 points, 2 comments)

Top Commenters

  1. lorcanmartinvilla86 (354 points, 23 comments)
  2. Salvad00r (264 points, 11 comments)
  3. Sphincterzilla (252 points, 26 comments)
  4. Chive (249 points, 93 comments)
  5. Dukmiester (248 points, 32 comments)
  6. MagicallyAdept (241 points, 23 comments)
  7. TheConceptOfFear (226 points, 4 comments)
  8. transformdbz (225 points, 9 comments)
  9. IntellegentIdiot (219 points, 39 comments)
  10. gullymangulliver (215 points, 2 comments)
  11. SwissJAmes (207 points, 57 comments)
  12. killernanorobots (205 points, 20 comments)
  13. Cisyt (197 points, 31 comments)
  14. pumkinhat (195 points, 23 comments)
  15. zorfog (192 points, 16 comments)
  16. SuperSonic4 (191 points, 30 comments)
  17. Brickie78 (180 points, 27 comments)
  18. Art_Vandelay_7 (179 points, 31 comments)
  19. bostero2 (178 points, 8 comments)
  20. stevenlondono (178 points, 6 comments)
  21. Stranger_Cake (177 points, 13 comments)
  22. xXGreco (175 points, 18 comments)
  23. alpseagle (174 points, 16 comments)
  24. chandler25 (169 points, 32 comments)
  25. resastrive (169 points, 3 comments)
  26. FrankLampard88 (168 points, 11 comments)
  27. rijmij99 (165 points, 47 comments)
  28. Jesus_will_return (164 points, 2 comments)
  29. Rockithammer (162 points, 13 comments)
  30. Waterbarron (161 points, 18 comments)
  31. MttsNmstr (159 points, 6 comments)
  32. AskNotAks (156 points, 4 comments)
  33. Sodass (154 points, 5 comments)
  34. Wildebeast1 (153 points, 48 comments)
  35. LittlePanda82 (146 points, 1 comment)
  36. Commandant1 (144 points, 49 comments)
  37. darthrasco420 (142 points, 1 comment)
  38. firasq16 (137 points, 2 comments)
  39. Subertt (136 points, 3 comments)
  40. Skuffinho (135 points, 15 comments)
  41. DMVboi (134 points, 4 comments)
  42. BonoboUK (133 points, 18 comments)
  43. cotch85 (132 points, 17 comments)
  44. MostWantedBandit (132 points, 4 comments)
  45. MelandrusApostle (131 points, 1 comment)
  46. Fushboire (130 points, 6 comments)
  47. Mattboyd2991 (130 points, 6 comments)
  48. im_probablyjoking (129 points, 10 comments)
  49. panicandrum (127 points, 1 comment)
  50. AFCADaan9 (126 points, 28 comments)
  51. jumacl (126 points, 9 comments)
  52. occupythekitchen (125 points, 19 comments)
  53. johnsonjohnson28 (123 points, 6 comments)
  54. SubbyDoo (119 points, 29 comments)
  55. Englishnotgentleman (119 points, 7 comments)
  56. robizzle89 (116 points, 9 comments)
  57. MrFlibblesVeryCross (114 points, 6 comments)
  58. Michael_Pitt (114 points, 4 comments)
  59. umiupbeat (111 points, 21 comments)
  60. letskillrobots (109 points, 6 comments)
  61. S-BRO (108 points, 4 comments)
  62. BetweenTheCheeks (107 points, 30 comments)
  63. prof_hobart (107 points, 9 comments)
  64. tronoz (106 points, 3 comments)
  65. yourfriendkyle (104 points, 14 comments)
  66. therefai (104 points, 10 comments)
  67. Nempowa (104 points, 2 comments)
  68. galient5 (103 points, 28 comments)
  69. H-habilis (99 points, 4 comments)
  70. 10241988 (97 points, 15 comments)
  71. Masterkid1230 (97 points, 15 comments)
  72. CatoPriscus (97 points, 6 comments)
  73. LitCorn33 (96 points, 5 comments)
  74. LiarsEverywhere (95 points, 16 comments)
  75. Afuckingdrowner (95 points, 15 comments)
  76. kaam00s (95 points, 9 comments)
  77. steadydeath (95 points, 1 comment)
  78. House- (94 points, 3 comments)
  79. tomd317 (93 points, 7 comments)
  80. xanfranreddit (93 points, 1 comment)
  81. brain4breakfast (91 points, 21 comments)
  82. EViL-D (91 points, 3 comments)
  83. JoeAllan (90 points, 26 comments)
  84. boykimjong (90 points, 7 comments)
  85. carlcon (90 points, 4 comments)
  86. AdamyBoy (90 points, 1 comment)
  87. thunderpriest (89 points, 13 comments)
  88. jamadelo (89 points, 8 comments)
  89. Auntfanny (89 points, 7 comments)
  90. FZTR (89 points, 7 comments)
  91. PumpkinTom (89 points, 1 comment)
  92. digitalfoe (88 points, 4 comments)
  93. Heathen_Inferos (88 points, 3 comments)
  94. ken_new (87 points, 7 comments)
  95. OrangeJuiceAlibi (87 points, 3 comments)
  96. offender1992 (86 points, 8 comments)
  97. Lazarus5687 (86 points, 4 comments)
  98. StabbingHobo (86 points, 1 comment)
  99. EfeceoP (85 points, 4 comments)
  100. Matux903 (84 points, 2 comments)

Top Submissions

  1. Football commentators (LOUD) by chocolat_ice_cream (1207 points, 43 comments)
  2. Denmark against Iran. Iranian player heard a whistle from the public, he thought that it was the end end of the fist half, and caught the ball with his hands, conceding a penalty. Denmark coach ordered his player to miss the penalty. True football. by chocolat_ice_cream (865 points, 33 comments)
  3. England try to score while Croatia were celebrating by Nempowa (818 points, 95 comments)
  4. Batshuayi hits the target! by Falland (700 points, 23 comments)
  5. Japanese fans collecting the garbage after the game today. Winning inside and out of the field. by chocolat_ice_cream (613 points, 24 comments)
  6. Oh what a finish by Bale by ancestorprotector (520 points, 49 comments)
  7. Footage of the French half time team talk during the World Cup final (English subtitles) by deckymch (487 points, 61 comments)
  8. 5 girls no cup by JakFrizz (439 points, 13 comments)
  9. Bend it like Beckham by LeftyLuke-87 (407 points, 38 comments)
  10. I'm an American falling in love with football by Waterbarron (381 points, 125 comments)

Top Comments

  1. 220 points: lorcanmartinvilla86's comment in Neymar earned £200,000 to say sorry for behaviour at the World Cup – and he didn’t even write the apology
  2. 206 points: gullymangulliver's comment in England fans celebrating in the street after the Tunisia game
  3. 200 points: transformdbz's comment in Germany goalless against South Korea, eliminated in group stages for the first time in history
  4. 184 points: Salvad00r's comment in England try to score while Croatia were celebrating
  5. 155 points: Jesus_will_return's comment in Denmark against Iran. Iranian player heard a whistle from the public, he thought that it was the end end of the fist half, and caught the ball with his hands, conceding a penalty. Denmark coach ordered his player to miss the penalty. True football.
  6. 146 points: AskNotAks's comment in Why do you use this sub instead of /soccer?
  7. 146 points: LittlePanda82's comment in Commentator: “Sokratis Papastathopoulos passes to Konstantinos Mavropanos. He looks for Stephan Lichtsteiner... He’s found Henrikh Mkhitaryan making a run. He passes to Pierre-Emerick Aubameyang... And that's fulltime.”
  8. 143 points: TheConceptOfFear's comment in I'm an American falling in love with football
  9. 142 points: darthrasco420's comment in England fans celebrating in the street after the Tunisia game
  10. 141 points: Sodass's comment in Who do you think should host the 2022 World Cup instead of Qatar?
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