Why Choose Banxso for CFD Trading?
Press Release

Why Choose Banxso for CFD Trading?

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What is CFD trading?

A CFD (Contract for Difference) refers to an arrangement in the trading of financial derivatives in which the difference between the opening and closing prices of the assets is settled with cash. There is no involvement of delivery of securities or commodities in CFD trading. In CFD trading, the buyer has to pay the difference in the price of the current value of the assets and the value of the assets at the time of contracting to the seller. CFDs provide investors and traders with the opportunity of extracting profits from price fluctuation without entering into any ownership of the assets.

What are the benefits of CFDs?

Trading in CFDs is highly beneficial. The perks of CFD trading are mentioned below:

  • International market access from the same platform: Investors can reach out to CFD brokers to engage in CFD trading at the major markets of the world 24×7 without switching from one platform to another. 
  • High leverage: CFD trading has higher leverage than trading in traditional assets. In the CFD market, the leverage varies between 30:1 and 2:1 with low margin requirements.
  • No need for day trading: While traditional markets require a minimum level of capital for day trading, CFD markets do not impose such obligations. Traders may open an account with only $1000 to conduct CFD trading at their convenience.
  • There are no shorting rules:  While most markets disallow shorting and borrowing of stock, CFD markets do not. The traders can short the CFD instruments at any time without dealing with borrowing costs as the traders don’t own the underlying assets like banx crypto & more.

What markets can I trade with CFDs?

CFD is a derivative product that allows traders to speculate on different financial markets, including commodities, indices, forex, and shares. 

How do I trade CFDs?

Follow the steps below to engage in CFD trading:

  • Select a market to employ the technical and fundamental analysis and research and start trading.
  • Click on either the “buy” or the “sell” button to place the CFD trade order based on the asset’s price.
  • Select the number of CFDs to be traded
  • Set a stop loss to close the trading position automatically when the asset price becomes unfavorable for trading
  • Monitor the trade in real-time and close it after making a profit/loss on the asset. 
  • Exit the trade by clicking on the “Close” button.

Why trade CFDs with Banxso?

While most of the CFD trading platforms in the industry charge an exorbitant commission fee, CFD is a derivative product that allows traders to speculate on different financial markets, including trading energy commodities, indices, forex, and shares.

  • Trading at Banxso is completely safe and secure. The platform does not charge commission fees, service fees, or any hidden fees for trading in CFDs and other financial instruments.
  • Banxso furnishes the traders with personal trading analysts who provide guidance and advice to the tailors.
  • The platform offers a host of advanced tools for the technical analysis of asset prices to enable profitable trading.
  • The trading algorithms of Banxso are powered by advanced technology that helps with price predictions and ensures substantial gains. 

Conclusion

Now that you are well acquainted with the techniques and benefits of CFD trading, then it is time to sign up with the platform of Banxso today. Take note of the trading risks and invest an amount that you can afford to lose to prevent bankruptcy during trading. Gain access to the global markets and rake in rich profits by trading in CFDs and other assets. Do not forget to monitor the market trends and prices closely to stay financially secure. 

How TurboXBT Turned Complex Trading Into An Easy Way To Make Money Online
Trading News

How TurboXBT Turned Complex Trading Into An Easy Way To Make Money Online

By 6795 0

TurboXBT, a synthetic digital assets trading platform that gives its users instant profits, has designed several ways to turn some of the most complex trading experiences into a relatively easy venture to make money online. The platform gives a high Return on Investment (ROI) of almost 90% per trade, making it one of the most profitable trading avenues in operation globally today.

TurboXBT is a relatively new trading outfit; however, it showcases a number of innovative features that give it a strategic headstart in the fast-growing hub for digital assets trading. The platform makes it easy to trade 17 synthetic assets covering cryptocurrencies, commodities, indices, and foreign exchange. Discounting its age, TurboXBT is on track to tag amongst the largest short-term trading platforms around today.

Turning Complexity to Simplicity: The TurboXBT Influence

Trading all forms of investment products is expected to be an easy affair, but this is largely not the case, as scores of platforms that offer digital assets trading do so with highly complicated and difficult to comprehend interfaces, and models amongst others. The evolution of trading innovation has opened access to participation by members of the public, like trading a few years ago is largely confined to a selected few.

TurboXBT is amongst the next-generation exchange platforms that are seeking to revolutionize trading ventures, and despite its focus on short-term synthetic assets, its strides are raising the bar across the board.

Beyond the simplicity in the design of the frontline TurboXBT interface, here are some of the ways TurboXBT has turned complex trading into simplified activities for everyone;

Registration

Starting off a journey with any short-term trading platform will require opening an account with such an outfit. This process with TurboXBT is highly simplified as users can get aboard the platform using just their email addresses and passwords. This is so as the exchange is not obligated to impose a Know Your Customer check which oftentimes is cumbersome, and even when successful, poses a source of the attack to users’ personal data and the trading platform, respectively.

Trade Placement

This is where it gets confusing for many users as the broad design of the majority of competing platforms is structured such that placing a trade is typically reserved for professionals. TurboXBT is changing the narrative as placing a trade after a successful account funding is straightforward and requires a few clicks. Here is the simple guide for those in need of a direction to navigate; the user selects the asset pair to trade, for example, the BTC/USD pair. A suitable time frame that is visible on the chart interface is then chosen, and the trade is executed by clicking either the green UP button for the upward trend or the red DOWN button to bet on price falls. Trade winnings are dependent on whether the traded pair gained or lost in value within the set time limit. 

The simplicity of the dual contract model, whether UP or DOWN, is revolutionary in itself as it helps users understand what to expect with each position they get to make.

Demo Account

A very crucial feature for TurboXBT is the Demo Account feature that accompanies every newly registered account. This demo account is so integrated to give every user an equal chance at success as they venture out to make money online, and with TurboXBT. With the $1,000 funds credited, users can try out their strategies, and learn about the correlation between time and asset price growth, amongst others. The demo accounts are expected to simplify actual trading experiences through constant practice as a tool.

Telling a Different Story

TurboXBT can be said to be telling a whole lot of different stories with all of its unique platform design. Beyond direct trading provisions, the exchange also took a different approach with key operational aspects of its operations, including charging no commission on deposits, withdrawals, and earnings. 

The exchange is also telling a different story with respect to its affiliate programs, where it pays users 50% of earnings from their attracted leads as long as the new users continue trading on the platform. With more of its unconventional approach, TurboXBT hopes to chart a new narrative as digital asset trading veers towards a more global and mainstream adoption curve. 

Asian Markets Pull Back Amidst a Weak Recovery in Japan
News

Asian Markets Pull Back Amidst a Weak Recovery in Japan

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The majority of stock exchanges in Asia suffered a slight setback with the Japanese benchmark index Nikkei slipped 0.5% in the early hours of trading. Decline along the same lines was registered in Kospi index of South Korea while Hang Seng of Hong Kong dropped by 0.5%. 

Experts attributed the lack of enthusiasm to the relatively quiet sentiments from Wall Street besides the weak economic data put out by the Japanese government. According to the official government data in Japan, the coronavirus pandemic has hit the economy in a significantly negative manner leading to a decline in transactions and business activities. There is also a shortage of chips an important production component for the auto industry, thereby further exaggerating the woes for the Japanese economy which is currently the third biggest economy in the world after the US and China. 

The recent decline in customer spending is caused by the new set of restrictions imposed by the government. According to new emergency measures, restaurants have been ordered to close early while open theatres are asked to limit the crowd within the premises. It’s important to note that Japan has never imposed lockdown even during the peak of Covid-19 though government, from time to time, kept on implementing a state of emergency to contain the spread of infection. 

Contrary to the initial expectations, Japan is now expected to recover from the devastating impact of the pandemic not until the start of the next fiscal year 2022. That said, there is no space for extreme pessimism as the shortage of chips is only temporary in nature and expected to become normal in this ongoing quarter of the fiscal year. 

Investors are also keeping a close eye on the policy meeting that is scheduled to happen in South Korea next week. The policymakers from the Central Bank of the country will decide on the key rates, and any upward revision will have implications for investors as well as the market. In the US market, S&P 500 registered a decline of 0.3%, the Dow Jones Industrial Average fell by 0.6%, and U.S. crude sank by 72 cents to come at $77.64 a barrel in electronic trading.

Investors Await Decisions of Central Bank, Making Asian Shares Mixed
Stocks

Investors Await Decisions of Central Bank, Making Asian Shares Mixed

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With apprehensive investors awaiting three crucial central bank meetings that might set the tone for risk appetite moving into next year, Asian stocks witnessed a mix on Tuesday with currencies remaining in tight ranges. The meeting of the Reserve Bank of Australia (RBA) on Tuesday was the immediate focus, with the Bank of England and the Federal Reserve making policy decisions later in the week.

Adam Dawes, an Investment advisor at Shaw and Partners Ltd, said that they are keen to know the results of the RBA. He anticipates that wording will begin to shift in favor of the hikes in interest rates, or at the very least, the withdrawal of quantitative easing. A reduction in the RBA’s primary policy measure aimed at short-term rates which are ultra-low would signify a shift in the bank’s approach and might serve as a prelude to the Fed’s meeting. The markets believe this meeting would herald the start of the Fed’s bond-buying process.

Before the RBA’s post-meeting statement, the government bonds of Australia declined, with the 10-year benchmark yield rising five basis points to 1.973 percent. Although the Hong Kong benchmark was up by 1.8 percent, Chinese shares began marginally lower. Local blue chips (.CSI300) were down 0.09 percent. The KOSPI index (.KS11) in South Korea started at 1.50 percent higher. After exceeding 36,000 points for the first time during intraday trade, the Dow Jones Industrial Average (.DJI) climbed 0.26 percent. 

In early trade, currency movements were minor, with the dollar lingering near recent highs after posting its largest daily gain in more than four months last Friday. The yen was a smidgeon lower at 114.11 per dollar, with the dollar losing ground against the euro overnight.

The Australian dollar stayed firm at $0.7521 after a week of frantic selling in the local bond market. However, volatility gauges indicate a turbulent week ahead.

On Wednesday, the Federal Reserve plans to approve reducing its $120 billion monthly bond-purchasing programs, which was put in place to help the economy. On the other hand, investors will be looking for comments on interest rates and how long the current spike in inflation would last. Expectations of robust demand and the conviction that producer groups will not be turning into spigots too quickly helped oil prices recover on Monday, reversing earlier losses triggered by China’s release of fuel stockpiles.

Cathie Wood Cuts Down Coinbase's Stake as Bitcoin Holds $56k High
Stocks

Cathie Wood Cuts Down Coinbase’s Stake as Bitcoin Holds $56k High

By 6346 0

On Tuesday, Cathie Wood-led Ark Invest reduced its holdings in Coinbase Global Inc, marking the Cryptocurrency exchange company’s stock’s second straight day of selling.

The prominent money management business sold 5,855 shares in Coinbase via the Ark Innovation ETF, valued at $1.46 million. On Tuesday, shares of the Cryptocurrency exchange finished 2.80%, down at $249.33 a share. Since its spectacular NASDAQ debut in mid-April, Coinbase shares have dropped approximately 24%.

Bitcoin is up by 10.31% this week and is trading at $56,382. While Dogecoin is down by 7.99%, it has experienced increased trading activity, contributing to Coinbase’s income. Shiba Inu, a meme coin, is up 52 percent this week and is attracting a lot of attention.

The Ark Next Generation Internet ETF and the Ark Next Generation Internet ETF are two additional Ark exchange-traded funds that own Coinbase stock.

Before Tuesday’s transactions, the three ETFs had 6.27 million shares in Coinbase, valued at roughly $1.60 billion.

Some more key trading happened for Ark

PayPal Holdings Inc. was sold for 26,901 shares, valued at $6.88 million. The payments company’s stock ended the day 0.31 percent down at $255.85 per share.

Wood’s primary investment technique is to buy on the low end of the market. Her funds were purchased in the short-term losses in Bitcoin, Zoo, Ginkgo Bioworks, and Peloton after it was hammered by a short-seller at various points this year. She believes Bitcoin will reach $500,000 in the next five years.

Coinbase stock is also held by two additional funds, the Ark Next Generation Internet ETF and the Ark FinTech Innovation ETF. All three companies own 6.3 million shares worth around $1.6 billion. In April, the crypto exchange began trading on the NASDAQ.

On Monday, the Ark Innovation ETF added Teledoc, Intellia, and Crispr Therapeutics to its holdings. The company sold around 16,000 shares in BYD, a Chinese electric car firm backed by Warren Buffett.

Asia Stocks Sinks Amid China Risks; Oil Extends Gain
Stocks

Asia Stocks Sinks Amid China Risks; Oil Extends Gain

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On Thursday, the financial problem at China Evergrande Group and Beijing’s latest effort to push private businesses weighed down upon Asian markets. The price of crude oil was at a six-week high.

In Japan, China, and Hong Kong, equities fell again, with technology firms leading the way. As regulators tighten their control on the gaming sector, casino stocks have continued to fall in Macau. Futures in the United States fell slightly as European contracts were mixed. Overnight, the S&P 500 had its largest gain since August.

Evergrande’s onshore real estate unit is the leading developer, and one of China’s largest financial concerns. It halted the trading of bonds on Thursday. Authorities have started the process of setting the basis for a future Evergrande debt restructure.

Oil continued its strong advance, which was accompanied by increases in other energy commodities. The dollar rose slightly, while Treasuries remained unchanged. The New Zealand currency and bond rates rose as the country’s economic growth outperformed expectations, despite the outbreak of the Delta variant and increased expenses caused by higher commodity prices and low supply due to the pandemic. Investors continue to analyze the prognosis for economic recovery. The United Nations predicted that the global economy would rebound at its quickest rate in nearly five decades this year but warned of growing disparities between developed and poor countries.

According to T. Rowe Price’s global asset allocation study, while global economic growth is above trend, it has passed peak levels, and the market cycle has entered a phase of “deceleration,” marked in part, by lower profit growth.

President Joe Biden’s economic program is under scrutiny. The House Ways and Means Committee approved $2.1 trillion in new taxes on Wednesday, the largest package of tax hikes in a generation. The additional taxes are primarily targeted at companies and the rich.

The Launch of TimeCoin Marks New DeFi Era for TimecoinProtocol
Trading News

Asia-Pacific Markets Soar; Hong Kong’s Hang Seng Aims to Bounce Back From Bear Territory

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As per trading reports received early on Monday morning,  Asia -Pacific shares rose as Hong Kong’s Hang Seng index made a comeback after falling into a bear market last week.

The Hang Seng index increased by 1.32 percent, while the shares of the China-based tech conglomerate Tencent shot up by 3 percent.  The Hong Kong Exchanges and Clearing saw its shares shoot up by almost 6 percent.

As regulation-related uncertainty blurred the vision for China-based tech firms, the Grasp Seng index fell more than 20 percent last week, putting it more than 20 percent below its mid-February surge.

Shares in mainland China language also surged, with the Shanghai composite rose by 1 percent and the Shenzhen component saw an increase of 1.434 percent.

The Nikkei 225 index in Japan increased by 1.82 percent and the Topix index increased by 1.9 percent.

The Kospi index in South Korea increased by 1.52 percent. LG Chem’s shares, on the other hand, dropped by more than 10 percent. After identifying manufacturing flaws in some battery cells made at LG manufacturing facilities, General Motors said on Friday that it was expanding its recall of Chevrolet Bolt EVs.

The S&P/ASX 200 index rose 0.29 percent in Australia.

Outside of Japan, MSCI’s largest index of shares in Asia-Pacific shot up by 1.49 percent.

Asia-Pacific stocks gained on Monday after losing the previous week. Concerns about the US Federal Reserve’s anticipated tapering as well as the spread of the Delta COVID-19 variant continue to influence investor sentiments.

Bitcoin Accounts for High-Level Profits Worth $40,000
Opinion & Analysis

Bitcoin Accounts for High-Level Profits Worth $40,000

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In a recent turn of events, crypto token Bitcoin (BTC) reported record-breaking heights regarding their profits, accounting for $40,000. Trading analysts speculate that the revenue generated is due to accelerating adoption rates from prominent international establishments. The eminent corporation Amazon has contributed to this appropriation measure with its latest declaration of accepting digital tokens for transactions.

On Monday, July 26, 2021, the BTC shorts listed that a bounteous amount of $700 million tokens were exchanged. This high-level administration has been witnessed for the first time in the preceding three-month term.

With the crypto tokens revenue exceeding trading market expectations, the utility of the BTC token rose at a more distinguished value price level. This revenue acceleration resulted in the sanctioning of more than 1,000 agreement record trading deals within an exchange passageway of a 10-minute time frame. Moreover, the valuation capacity of crypto network settlements for July amounted to 10x the aggregate value in the marketplace of Hong Kong.

The most considerable crypto coin flourished with revenue profits of $39,681, a 15% development. This revenue amount was generated before associating the revenue ascent to exchange with a valuation of $38,100 in Hong Kong at 10:58 AM on July 26, 2021. Additional sort after digital currencies has also seen an upsurge and revival of their revenue profits. The crypto network of Ether is a close second after the BTC token.

The Amazon corporation has played a vital role in this exceptional cryptocurrency market value due to its appropriation report. Further, the Amazon team posted a job opening last week for a leading directive for digital currency products. This advances the up-to-date assistance and appropriation of renowned enterprise leaders such as Cathie Wood’s Ark Investment Management LLC and Elon Musk’s Tesla. Wood stated that businesses should adopt and acknowledge totaling BTC tokens on their firm’s account balance sheets.

This past weekend a definitive and assertive inclination has been witnessed with the digital token’s values exceeding a 50-day effective aggregate. BTC is enduring a profit of $27,000 from its April valuation records, boosting a value of $65,000. The recent social media criticism of BTC tokens by government authorities from countries such as China, Europe, and the United States had resulted in the downfall of the profit values of BTC.

How to Setup a Coinbase Wallet
Opinion & Analysis

How to Setup a Coinbase Wallet

By 16762 0

You might already know that a crypto wallet is an integral part of the crypto trading process. There is no point in earning cryptocurrencies if you don’t have a wallet to hold them and keep them secure. Apart from having a wallet, it is also crucial to make sure you are using a good wallet with great features. In this article, we will specifically talk about the Coinbase Wallet, and if you have little to no information about it, then this is a perfect opportunity for you. We will talk about all the necessary information regarding the Coinbase Wallet, which every trader should know.

Steps to Setup a Coinbase Wallet

Coinbase Wallets are used a lot by traders because they are secure, reliable, and fast. However, to use a Coinbase Wallet, it is crucial to understand the entire process of setting up the wallet. Some traders find the process very confusing and tough, but the truth is that it is easy. So, if you haven’t used a Coinbase Wallet before, don’t worry because we have a step-by-step guide for beginners like you.

  • Download Coinbase Wallet: The first step is to download a suitable Coinbase Wallet to check all the requirements you are looking for in a wallet. There are a lot of options available, which can make the selection process difficult. However, if you do complete research on the wallets, you can easily find a good Coinbase Wallet and download it.
  • Create an Account: Once you have downloaded the wallet, the next step is to create an account on that platform. Creating an account is very simple, and all you have to do is provide your personal information. You also need to verify your identity, email address, and phone number. The entire process is easy, and you have nothing to worry about.
  • Add a Payment Method: The next step is to add a payment method to your Coinbase Wallet. Make sure to add a payment method available in your country and the one that is easy and fast.
  • Write down the private key: For those who don’t know, most digital wallets come with a private key used to access the contents of a wallet. The same applies to a Coinbase Wallet, and without the private key, it becomes impossible to access the wallet. So, if you don’t want to go through any trouble, make sure that you write down your private key.
  • Crypto Transfer: Once you have all the above four things, you can use your Coinbase Wallet without any problem. However, my advice is that you use your wallet immediately by transferring cryptocurrencies. This way, you can make sure that your wallet is working properly.

Benefits of Coinbase Wallet

Like many traders, you might be wondering why you should use Coinbase Wallet when there are several other options available in the market. The thing is that the Coinbase Wallet has several benefits that give it an edge over other types of wallets in the market. So, let’s look at the benefits of it.

  • Fast: The Coinbase Wallet is very fast, and all the operations take place at a good pace. We know that every second is important because anything can happen in crypto trading, so it is necessary to use a fast wallet.
  • Secure: Another benefit of using Coinbase wallet is the security features that come along with it. Every trader wants to use a secure wallet, but not everyone gets a secure wallet. So, make sure to use this wallet because of this reason.
  • Mobile Trading: Coinbase wallet can be used by traders who prefer trading through their smartphones. Trading becomes relatively easy when you use your smartphones because they are fast, and you can use them anywhere.
  • Easy Exchange: When you store your cryptos in a Coinbase Wallet, you can easily exchange your cryptocurrencies for fiat currencies. Not only that but, you can easily purchase them through fiat money.

How to Use Coinbase Wallet

Coinbase Wallet has always been one of the simplest crypto wallets, and crypto trading through this wallet is easy. All you have to do is sign in and start transferring cryptos. If you intend to buy them, you need to add money to your wallet through a selected payment method, and you can make the purchase very quickly. Some traders might think that using this wallet can be very complicated but that is not the case.

Conclusion

That was a detailed guide on Coinbase Wallet, and I am sure that now you know everything about wallet, including the benefits. There is a step-by-step guide on using a wallet which will be very helpful once you install a Coinbase Wallet. Once you start using it, you will see an improvement in your crypto trading process because of the several benefits of Coinbase Wallet. You can go through the complete coinbase review for more details.

Stocks on Wall Street Drops for Three Consecutive Days
Stocks

Stocks on Wall Street Drops for Three Consecutive Days

By 7319 0

The financial industry on the east is flourishing, while the west continues its struggle. Wednesday, Mar 12, witnessed stocks on Wall Street dropping for the third consecutive day. News regarding consumer prices raised every investor’s concern about impending inflation.

If the data checks out, every effort by the Federal Reserve to minimize interest rates will go to waste. The S&P experienced a fall of 2.1%, bringing its weekly loss to 4%. The benchmark was S&P’s worst one-day performance since February and also its worst three-day performance since last October.

The reason behind the drop is the Labor Department’s report regarding the CPI (Consumer Price Index). As per the reports, the CPI surged 4.2% this month alone and continues to rise exponentially since 2008. The period between March and April witnessed an increase of 0.8% too.

While the price pressure rises in the standard financial market, the Federal Reserve believes that the trend will fade in 2022. However, investors are still on their toes against inflation more than ever. Thus, it falls on the Federal Reserve’s shoulders to convince the market that the shift is temporary and everything would settle down in a short period.

Bitcoin Plummets after Tesla Refuses to Accept it for Car Payments

While the traditional financial domain stumbles, the crypto industry witnessed a shocker too. Tesla is globally known for its Bitcoin support, but Elon recently announced that consumers cannot pay for vehicles in BTC. The reason is cited to be the crypto’s high energy usage.

Bitcoin recently failed to break the 60k dollar mark again and fell to 55k dollars. But the crypto was quick to recover and managed to reach the 57k market price. However, the abrupt news by Elon has ruined numerous investors’ portfolios since Bitcoin has now tumbled to the 50k dollar mark.

As of Mar 13, 2021, Bitcoin is trading at 50,961 USD. The 24-hour gap for the crypto is 46k dollars to 57k dollars; however, it constantly fluctuates within the 50.5k to 51k dollar mark. Starting this year, Elon helped Bitcoin reach new heights by proving its market liquidity. However, the latest advancements have hurt the crypto market as a whole.

Wall Street is having a difficult time as the stock value fell for three straight days. Although the Fed believes the inflation indications are merely temporary, investors are still relatively worked up. The news from the crypto side is not desirable either, as, after a viable struggle, Bitcoin again plummeted. The decline happened after Elon announced Tesla not accepting BTC for vehicle payments. The news affected the entire crypto circle as the COIN stock closed at -6.4%.