Industriya

WikiFX Analysis【Cryptocurrencies Sees A Volatile Market】

Cryptocurrencies saw a mixed bag due to various events recently. The news that Bitcoin miner manufacturer Ebang's profit was cut in half due to the coronavirus negatively affected the market. Overall, investors are less open to risk amid the pandemic. Charges from the Commodity Futures Trading Commission (CFTC) and the US Department of Justice against the crypto derivatives exchange BitMEX added another blow. However, the crypto market received the welcome news that the final test Ethereum 2.0 network launched successfully. Deutsche Bank's announcement that China's digital yuan could end the dollar's hegemony was also greeted optimistically. According to the bank's experts, the use of national cryptocurrencies in foreign trade could end the American currency's dominance. The best performers of the current week: Bitcoin This week, it's advisable to consider selling Bitcoin. There are at least two reasons why: ● Markets are extremely volatile right now, even though investors are avoiding purchasing risky assets. The less demand there is to buy, the lower the price is. ● People are withdrawing cryptocurrency reserves from exchanges. The volume of Bitcoin in trading platform wallets has fallen to $2.4 million, its lowest value since November 2018. This trend started back in February 2020, but users have continued to withdraw their crypto coins from exchanges en masse. Bitcoin currently has little chance of crossing the $11,000.00 mark, which is why it might be a good idea to sell around that level. The Take Profit target is $10,150.00. It's important not to miss the right time to trade.

2020-10-12 21:26 Cambodia

2

Sagot

Industriya

4 Common Forex Industry Scams

1) Unregulated and Dishonest Brokers An unregulated broker is a broker that is not regulated under any recognized jurisdiction or with country's financial market regulator, so it can't be held accountable by a governing government authority in your country. If an unregulated broker commits fraud or scams you or indulges in malpractices in any manner, you have little or no recourse against them. This is because there is an absence of laws that protect you from such malpractices.  2) Fake Forex Signal Seller Scams A signal seller typically claims to rely on market analysis and news to judge the right time to trade in currency pairs. They may offer trading advice through automatic messages or may manually send you messages. Signal sellers are known to be often wrong and they may give advice that could lead to large losses for you. Do not trust signal sellers who promise advice that can regularly outperform the market. Only listen to signal sellers that are approved financial advisors & that suit your own analysis.  3) Forex Robot & Trading System Scams In these scams, you may be approached by someone asking you to buy a robot or an automatic trader that can trade for you. They will say that this robot allows you to earn money while you sleep. The robot is supposed to be able to conduct trade in your stead that generate a profitable yield. However, most of these robots never actually deliver as promised and you may end up with significant losses. These trading systems are never reviewed or tested by independent agencies.  4) Untrustworthy Investment Schemes & Funds There are several entities & individuals that promise to offer get-rich-quick investment schemes through forex and cryptocurrency - that are not credible. You should be wary of any investment schemes that promise guaranteed returns or outsize profits. Returns or profits in the forex market can never be guaranteed and you should always remember that your investments are subject to market risk. Never trust any company or individual that claims otherwise.

2020-10-10 22:40 Cambodia

4

Sagot

Industriya

Nigeria Event Giveaway-Win₦5000 Mobilephone Credit

»»Background:The naira has strengthened by 1.3 per cent against the dollar in the official market as the Central Bank of Nigeria (CBN’s) plan to resume forex sales to Bureaux de Change (BDCs) begins September 7.What’s the trend of Naira in Forex market recently? Please come and join our discussion to win mobile phone credit! »»Event period:2020/09/24 8:00-2020/09/30 0:00 (West Africa Time, UTC +1) »»How to participate: 1.Search WikiFX on Google Play or App Store, or download WikiFX App through the following link: https://wikifx1.onelink.me/QUVu/WikiFXxEvent 2.After downloading, please register as a new user. Search “Nigeria Event Giveaway” at the “Wiki Forum” section or find the event post ‘[Nigeria Event Giveaway] Discuss Forex and Win up to 5000 NGN Mobile Phone Credit!’ at the top trending searches. Leave a comment below the post that includes ‘What’s the trend of Naira in Forex market recently’ + “Your email address”, and you will be eligible for the prize draw! »»Event prize: Number of comments is below 120; ₦2,500 mobile phone credit; Number of winners: 20 Number of comments is above 120; ₦2,500 mobile phone credit; Number of winners: 30 Number of comments is above 250; ₦2,500 mobile phone credit; Number of winners: 50 Number of comments is above 1500; ₦5,000 mobile phone credit; Number of winners: 280 »»Prize draw rules:After the event, winners will be drawn from the list of eligible users.(the number of winners depends on the total Number of valid comments during the event) It should be noted that each user account is eligible for one entry of the draw, regardless of the Number of valid comments posted. »»Winner notification and prize collection:The list of winners will be released before 2020/10/01on: WikiFX Facebook Fan Page (https://www.facebook.com/WikiFX.ng );and WikiFX staff will contact the winners about prize collection from the announcement date to 2020/10/07. Please reply to the notice via email within 7 days and include the following information: WikiFX user name, contact number and mobile carrier. Failure to reply within due time will be deemed as relinquishment to the benefit of the prize, and WikiFX will not further notify the winner or again release the prize entry. »»Special reminders:1.This activity is limited to Nigerian users only.Learn More on facebook fan page:WikiFX.NG

2020-09-24 17:12 Nigeria

451

639

Industriya

Nigeria Event Giveaway-Win ₦2500 MobilePhoneCredit

»Background:To support the effort to rebuild the country's petroleum following the devastating impact of COVID-19 on the global economy, the United Bank for Africa Plc (UBA) on Tuesday announced a $1.5billion financing package for the Nigerian National Petroleum Corporation (NNPC) and its upstream subsidiary, the Nigerian Petroleum Development Company (NPDC).UBA to Facilitate $1.5bn Financing for NNPC, NPDC. How does it affect forex? Please come and join our discussion to win mobile phone credit! »Event period:2020/08/13 0:00-2020/08/21 0:00 (West Africa Time, UTC +1) »How to participate:Leave a comment below the post that includes UBA to Facilitate $1.5bn Financing for NNPC, NPDC. How does it affect forex? + “Your email address”, and you will be eligible for the prize draw! »Event prize: Number of comments is below 120; ₦2,500 mobile phone credit; Number of winners: 20 Number of comments is above 120; ₦2,500 mobile phone credit; Number of winners: 30 Number of comments is above 250; ₦2,500 mobile phone credit; Number of winners: 50 Number of comments is above 700; ₦2,500 mobile phone credit; Number of winners: 140 Number of comments is above 1400; ₦5,000 mobile phone credit; Number of winners: 280 »Prize draw rules:After the event, winners will be drawn from the list of eligible users.(the number of winners depends on the total Number of valid comments during the event) It should be noted that each user account is eligible for one entry of the draw, regardless of the Number of valid comments posted. »Winner notification and prize collection:The list of winners will be released before 2020/08/25on: WikiFX Facebook Fan Page (https://www.facebook.com/WikiFX.ng );and WikiFX staff will contact the winners about prize collection from the announcement date to 2020/09/01. Please reply to the notice via email within 7 days and include the following information: WikiFX user name, contact number and mobile carrier. Failure to reply within due time will be deemed as relinquishment to the benefit of the prize, and WikiFX will not further notify the winner or again release the prize entry. »Special reminders: 1.This activity is limited to Nigerian users only. Read more on Facebook:WikiFX.ng

2020-08-13 10:33 Nigeria

272

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Industriya

Investors’ wealth appreciates by N86b in four days

Trading on the Nigerian Stock Exchange (NSE) sustained a rising profile yesterday as more blue chip stocks appreciated in price, causing investors’ wealth to increase by N86 billion in four trading days. Specifically, the market capitalisation of the NSE, which opened at N12, 919 trillion on Monday, rose by N86 billion or 0.66 per cent to N13, 005 trillion yesterday. Similarly, the All-share index, which measures the performance of listed equities advanced by 236.61 points from 24,766.12 to 24,930.34. eCommerce operator boasts of enough capital despite low business 4 hours ago Fresh $100 million investment to boost Nigeria’s shipping sector 4 hours ago Starting a livestock feed mill 4 hours ago Trading on the Nigerian Stock Exchange (NSE) sustained a rising profile yesterday as more blue chip stocks appreciated in price, causing investors’ wealth to increase by N86 billion in four trading days. Specifically, the market capitalisation of the NSE, which opened at N12, 919 trillion on Monday, rose by N86 billion or 0.66 per cent to N13, 005 trillion yesterday. Similarly, the All-share index, which measures the performance of listed equities advanced by 236.61 points from 24,766.12 to 24,930.34. The upturn was impacted by gains recorded in large and medium capitalised stocks, among which are: Seplat Petroleum Development Company (Seplat), Stanbic IBTC Holdings, Guinness Nigeria, MTN Nigeria Communications and NASCON Allied Industries (NASCON). Capital market analysts noted that the domestic equities market sustained its bullish streak for the fifth consecutive session following continued interest in banking stocks. Analysts at Afrinvest Limited were unanimous that following four consecutive bullish sessions and profit-taking witnessed earlier, “we could see profit-taking activities drag market performance today (Friday). However, we expect the equities market to close on a positive note for the week.” Market sentiment, as measured by the market breadth, was positive, as 20 stocks gained relative to 10 losers. Seplat recorded the highest price gain of 9.03 per cent, to close at N350.00, per share. Fidson Healthcare followed with a gain 8.57 per cent to close at N3.42, while Stanbic IBTC Holdings rose by 4.76 per cent to close at N33.00, per share. Eterna went up by 4.40 per cent to close at N1.90 per share. UACN Property Development Company appreciated by 4.35 per cent to close at 96 kobo, per share. On the other hand, Union Bank of Nigeria (UBN) led the losers’ chart by 7.41 per cent, to close at N5.00, per share. Learn Africa followed with a decline of 6.93 per cent to close at 94 kobo, while Linkage Assurances lost five per cent to close at 38 kobo, per share. Japaul Oil & Maritime Services lost 4.55 per cent to close at 21 kobo, while May and Baker Nigeria shed 3.45 per cent to close at N2.80, per share. However, the total volume traded declined by 54.67 per cent to 173.748 million shares, worth N2.133 billion, and traded in 3,646 deals. Transactions in the shares of FBN Holdings (FBNH) topped the activity chart with 29.775 million shares valued at N150.249 million. Guaranty Trust Bank followed with 13.158 million shares worth N312.617 million, while Custodian Investment traded 12.849 million shares valued at N64.247 million. Transnational Corporation of Nigeria (Transcorp) traded 10.75 million shares valued at N6.652 million, while Lafarge Africa transacted 9.963 million shares worth N116.627 million.

2020-08-07 15:33 Hong Kong

1

Sagot

IndustriyaWikiFX Analysis【Cryptocurrencies Sees A Volatile Market】
Karlsson1

2020-10-12 21:26

Industriya4 Common Forex Industry Scams
Karlsson1

2020-10-10 22:40

IndustriyaNigeria Event Giveaway-Win₦5000 Mobilephone Credit
WikiFX1

2020-09-24 17:12

IndustriyaNigeria Event Giveaway-Win ₦2500 MobilePhoneCredit
WikiFX1

2020-08-13 10:33

IndustriyaInvestors’ wealth appreciates by N86b in four days
Leah Ludenyi

2020-08-07 15:33

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