Category: Uncategorized

  • Meditation Helps Become Better Traders and Investors?

    #edgeforex #trading #market #stocks #money #meditation #stressful #pandemic #cryptocurrencies #december #bitcoin meditation

    There is substantial evidence that meditation may help us deal with stressful conditions, such as the recent pandemic and the difficulties of doctorate study, as well as mental health issues like despair and anxiety. 

    According to the findings of Gaelle Desbordes and colleagues, mindfulness meditation improves emotional well-being not just by boosting relaxation and lowering stress, but also by improving interoception: our awareness of our body. This awareness, coupled by observable changes in brain structure and function, interrupts the loop of repeating thought, allowing us more control over anxiety and pessimism. 

    According to Amishi Jha’s research, meditation is useful because it improves attention and working memory, giving us more control over the material we pick and deselect.

    Mindfulness-Based Cognitive Therapy (MBCT) enhances standard cognitive work by increasing mindful awareness and assisting patients in changing not just what they think about, but also how they filter incoming information. 

    There has recently been a surge in interest in utilizing meditation to help traders and investors perform better in financial markets. The goal is to utilize the body to program the mind in order to avoid the fear, greed, and cognitive biases that are known to influence trading decisions. 

    We can quiet the nervous system by shutting off the noise, enhancing introspection, and instilling thankfulness when we learn meditation. In an AlphaMind podcast, Daniel Crosby observes that the brain is not naturally designed for financial market judgments, diverting us from the meta-knowledge—the awareness of what we know and don’t know—necessary for working under risk and uncertainty.

    Regret keeps us fixed in the past, whereas worry projects our fears for the future. Meditation, through promoting contemplation and boosting access to meta-knowledge, may anchor us in the present, improving our sense of what is truly happening in markets in the here-and-now. 

    Traders frequently believe that they will enhance their trading if they can transcend their emotions, and many seek to meditation to help them do so. This misses the reality that some types of meditation, such as loving-kindness meditation, can increase the intensity of emotional experiences, such as thankfulness. 

    The main advantage of meditation for traders may be that it grounds us in the present moment, allowing us to make judgments based on present-centered awareness rather than past and future anxieties about earnings and losses.

    According to Desbordes and Jha’s studies, meditation appears to have the greatest influence on our cognitive processing and capacity to better filter information in the present moment. As with MBCT, enhanced filtering stops those repeating cycles of negative thought and promotes access to the meta-knowledge that leads to rational decision-making. 

    The objective is not to become emotion-free, but to become completely aware of our emotional responses in the present moment, so that we can use them as information rather than distractions. As trade coach Denise Shull points out in her interview with Jordan Harbinger, this helps us to shift negative emotions into positive ones.

  • Is the Forex Market Open in 2021 After Christmas?

    #edgeforex #trading #market #stocks #money #forex #countries #christmas #traders #volatility #crypto #cryptocurrency #bitcoin christmas

    Typically, the Forex market is open for trading 24 hours a day, five days a week, beginning Monday and ending Friday. Saturday and Sunday are Forex market weekend vacations. Off-market deals can create changes in foreign currency prices with notable volatility when trading volumes are low due to vacations. In addition to weekend holidays, various public holidays have an impact on the Forex market, causing it to change. Christmas, New Year’s Eve, and Thanksgiving Day are all public holidays. 

    Most brokers will be unable to trade on Wednesday, December 25, 2021. 

    Open till 8:00 p.m. EET on Tuesday, December 31, 2021. (server time) 

    The 1st of January, 2022

    The currency market will reopen after Christmas on Monday, December 27, 2021. 

    Some Forex traders want to know when the Forex market reopens after Christmas. Typically, the Forex markets are closed on December 26th, the day after Christmas, known as Boxing Day. This day is observed as a national holiday in Canada, Europe, and Australasia. After a two-day break for Christmas and Boxing Day, the Forex market will reopen on December 28th. However, this Forex market is primarily available to central banks from several nations; it is frequently closed to regular dealers. 

    The Julian Calendar is used by the Orthodox Church in Greece, Eastern Europe, and Russia, and Christmas is observed on January 7. As a result, the currency markets in these nations will be closed on January 7 and reopen on January 8.

    After the holidays, market circumstances shift, and traders’ trading strategies may change. Because most brokers are also on vacation on public holidays, traders are unable to trade without their brokers. Traders should be aware that, while certain nations observe public holidays, the worldwide Forex market never closes. 

    Except for low trading volumes and low volatility, the forex market will face a significant change in liquidity during the Christmas and New Year holidays, which will have a significant influence on market open. As a result, the currency market’s reopening following the Western holiday season may be very unexpected, and even large trends might shift. 

    During public holidays, trading conditions in the closed Forex market.

    There are no brokers available. 

    During public holidays, brokers are closed, and so the market is closed for retail traders that rely on brokers. As a result, the Forex market is less volatile since the trading volume is smaller. 

    Reduced trading volumes 

    Trading volume in the Forex market refers to the quantity of money transacted within a given time period. Because the Forex market is closed to retail traders on Christmas Day, volatility is significantly decreased due to lower trading volumes. 

    Very Low Volatility 

    The decreasing trading volume is the primary cause of the lower volatility. Trading volume and volatility are both reduced as a result of brokers’ unavailability.

  • USD/TRY falls 25% from previous highs to 13.50.

    #edgeforex #trading #market #stocks #money #forex #turkish #currency #crypto #cryptocurrencies #loan #vaccinations #bitcoin turkish

    The Turkish currency recovered spectacularly on Monday as Turkish President Recep Erdogan proposed unconventional new plans to reduce the impact of exchange rate volatility on Turkish savers. 

    The President unveiled a slew of new economic initiatives, but the one that drew the most attention was a system via which the government will refund losses to domestic TRY accounts as a result of the TRY/USD exchange rate drop. 

    According to certain experts and traders, these anti-dollarisation efforts amount to a “hidden” interest rate rise paid by the public purse.

    The USD/TRY spot market is now at 13.50, an almost 20% drop from last Friday’s closing levels of 16.40. The drop is even more astounding given that USD/TRY was trading in the 18.30s at one time. That implies the lira has increased in value by 25% since its intraday lows. 

    According to market response, President Erdogan looks to have pulled a rabbit out of a hat with his latest policy of basically giving more interest to Turkish depositors through the public purse. However, when it comes to monetary policy, Turkey is currently in uncharted terrain. 

    In pledging to guarantee depositors against exchange rate losses, the government has taken on a potentially massive obligation, and experts will be asking how this will affect the government’s budgetary situation in the future.

    Some argue that the Turkish government has now exposed itself to a vicious cycle in which, if the value of the currency falls too much, it will have to borrow even more of it to cover investor losses.

  • Make the Most of Your Charitable Giving

    #edgeforex #trading #market #stocks #money #charity #giving #holidays #epidemic #cryptocurrencies #december #bitcoin charity

    During the holidays, there is usually a special emphasis on giving, and this year’s epidemic has heightened the need to assist organizations on all levels—local, national, and worldwide. 

    Be careful and smart in your giving, since it’s not only how much you give, but how you give that matters. Here are five steps to help you design a strategy for getting the most out of every dollar.

    Identify your cause

    There are hundreds of meritorious causes, including homelessness, the environment, refugees, medical research, the arts and humanities, and social justice. 

    To begin, narrow your focus by considering why you want to offer. Make it unique. What motivates you? What are your hobbies and interests? What does it mean to support a cause that reflects your values? Consult your family and include them in the decision-making process. If you have children, including them in your charitable giving plan might spark fresh ideas and serve as an inspiration for both them and you. 

    Second, narrow down your choices to five issues that you are most passionate about. It may be beneficial to create a statement explaining why and how you wish to support each cause. This form of values-based giving may make your gift more personal and meaningful, as well as inspire you to keep looking for new ways to donate.

    Create a giving structure for yourself. 

    Choose the sorts of assets you’ll donate. It might be in the form of cash, assets (such as gently worn clothing or furniture), real estate, or valued stocks. Donating valued assets, such as publicly-traded equities, that have been kept for more than a year can be particularly beneficial, not just in terms of saving taxes but also in terms of giving more to charity. The tax deduction is determined by the sort of asset you donate and the type of charity to which you donate. 

    It’s a good idea to consult a financial counselor or tax consultant before making your contribution. You can make a one-time gift or set up a donor-advised fund (DAF), a private foundation, or a trust as a charitable giving vehicle.

    Create a plan

    Setting a three-year charity giving budget, rather than focusing just on the current year, might be beneficial. This kind of big-picture thinking may help you make sure that your charity giving goals are compatible with your entire financial condition and don’t risk other key goals, such as retirement. 

    After that, conduct some studies. With over 1.5 million NGOs to choose from, identifying specific groups might be difficult. Seek advice from friends and specialists who are familiar with the issues you wish to support. To uncover local nonprofit possibilities, contact your local community foundation. 

    Create a shortlist and undertake a deeper analysis to ensure there are no red flags before you make a gift once you’ve picked the precise groups you wish to support.

    Implement your plan

    Consider the purpose of your gift, how often you want to offer it, and any special stipulations you want to include. Do you want your donation to go toward a specific cause or do you trust the organization to spend it wisely? Will your contribution be made monthly or annually if it is ongoing? While taxes may influence when you contribute, some families choose to give at certain periods of the year to make the present more special. 

    Because you may pre-fund a DAF, it’s a wonderful option for continuing donations. The DAF is a charity in and of itself, where you may contribute now (and get a tax credit) and make suggestions for future gifts to many organizations, typically for as little as $50. In the meanwhile, DAFs allow you to invest and perhaps increase your savings.

    Keep track of your donations (a DAF will do this for you), and examine and adjust your charitable strategy on a regular basis. As your life changes, you may adapt your donating strategies and plan accordingly. 

    Look into it more. 

    Keep your eyes, ears, and mind open to alternative forms of giving, whether you’re new to charity or a seasoned pro. This includes asking your company whether they match charity donations, volunteering, or planning a fundraiser or event to promote a cause. You may join a nonprofit’s board of directors or volunteer your professional talents. Be adaptable. As you and your hobbies and interests evolve, so will the way, where, and how much you donate.

  • The Fed’s bond-buying program will be slashed dramatically.

    #edgeforex #trading #market #stocks #money #usd #gold #forex #inflation #federal #reseve #fed #crypto #cryptocurrencies #december #bitcoin

    The Federal Reserve has given several signals that its ultra-easy policy, which it has followed since the beginning of the epidemic, is nearing to an end. In reaction to growing inflation, the government is taking tough economic measures. 

    For one thing, the central bank said that it will reduce its monthly bond purchases more quickly. 

    Starting in January, the Fed will buy $60 billion in bonds per month, half of what it was purchased before the November taper and $30 billion less than it was buying in December. In November, the Fed began tapering by $15 billion per month, then doubled it in December, and will continue to do so until 2022. 

    After that, the central bank intends to begin hiking interest rates, which were held constant at this week’s meeting, in late winter or early spring.

    According to projections presented on Wednesday, the Federal Reserve expects three rate rises in 2022, two the following year, and two more in 2024. 

    The actions by the Federal Open Market Committee, which were unanimously agreed, constitute a significant shift in policy, which had been the loosest in its 108-year existence. The impact of inflation was mentioned in the post-meeting statement. 

    The pandemic’s supply and demand mismatches, as well as the economy’s reopening, have continued to contribute to high inflation rates. 

    The committee raised its inflation forecast for 2021 from 4.2 percent to 5.3 percent for all categories, and from 3.7 percent to 4.4 percent excluding food and energy. The forecast for 2022 is currently 2.6 percent for headline and 2.7 percent for core, both higher than September. 

    At the same time, the unemployment rate for 2021 was reduced from 4.8 percent in September to 4.3 percent.

    “Job increases have been strong in recent months, and the unemployment rate has dropped significantly,” according to the statement. 

    Members, on the other hand, came out on the hawkish side of policy decisions, with a strong preference for rate rises. Only six of the 18 FOMC members expected fewer than three rate rises next year, according to the “dot plot” showing individual members’ rate predictions, and none expected rates to remain anchored at zero. 

    The committee lowered its growth prediction for this year, predicting GDP growth of 5.5 percent in 2021, down from 5.9 percent in September. Officials also changed their growth predictions for the next year, raising it to 4% from 3.8 percent in 2022 and dropping it to 2.2 percent from 2.5 percent in 2023.

    Both policies were implemented in reaction to rising inflation, which has reached its highest level in 39 years for consumer prices. In November, wholesale prices increased by 9.6%, the fastest increase on record, indicating that inflationary pressures are becoming more established and widespread. 

    Officials at the Federal Reserve have long emphasized that inflation is “transitory,” which Powell defines as unlikely to have a long-term impact on the economy. He and other central bankers, as well as Treasury Secretary Janet Yellen, have emphasized that prices are soaring as a result of pandemic-related variables such as unprecedented demand that has outstripped supply, but that this would eventually dissipate. 

    The asset acquisition taper began in November with a $10 billion drop in Treasury purchases and a $5 billion reduction in mortgage-backed securities purchases. The month’s purchases remained at $70 billion and $35 billion, respectively.

    The Fed’s $8.7 trillion balance sheet, on the other hand, grew by only $2 billion in the last four weeks, with Treasury holdings up to $52 billion and MBS down $23 billion. Treasury holdings have increased by $978 billion in the last year, while MBS holdings have increased by $567 billion. 

    The Fed would hasten the decrease of its assets under the revised parameters of a program known as quantitative easing until it is no longer adding to its portfolio. QE would finish in the spring, allowing the central bank to hike rates at any time after that. The Fed has stated that it is unlikely to raise rates while continuing to buy bonds at the same time, as the two actions would be incompatible.

    The Fed may therefore begin decreasing its balance sheet at any moment, either by selling securities outright or, more likely, by letting the proceeds of its present bond holdings to drain down at a predetermined rate each month.

  • Ichimoku Kinko Hyo

    #edgeforex #trading #market #stocks #fibinacci #ratios #money #ichimoku #japanese #usd #gold #forex #china #france #crypto #cryptocurrencies #usd #seasonality # december #law #bill #bitcoin ichimoku

    “Ichimoku Kinko Hyo” does not mean “May the pips be with you” in Japanese. Ichimoku Kinko Hyo (IKH) is a price momentum indicator that forecasts future levels of support and resistance. It’s also worth noting that this indicator is most commonly utilized on JPY pairings. 

    To broaden your Japanese vocabulary, Ichimoku means “a glimpse,” kinkome means “equilibrium,” and hyo means “chart.” 

    When you put it all together, Ichimoku Kinko Hyo means “a peek at an equilibrium chart.” 

    There are a few of things you should know about this indication first:

    • Ichimoku may be used for any tradeable asset in any time frame. (Originally, it was used to exchange rice!) 
    • In both rising and declining markets, Ichimoku can be employed. 

    Ichimoku isn’t an option, when there is no evident pattern. When the market is trading sideways, choppy, or trendless. 

    When the price oscillates on both sides of the cloud, you know it’s trendless. 

    Kijun Sen: This is calculated by averaging the highest high and lowest low over the previous 26 periods, and is also known as the standard line or baseline. 

    Tenkan Sen: Also known as the turning line, the Tenkan Sen is calculated by averaging the highest high and lowest low over the previous nine periods. 

    The Chikou Span is also known as the trailing line. It’s today’s closing price, but it’s been plotted 26 periods back.

    The first Senkou line is calculated by averaging the Tenkan Sen and the Kijun Sen, and it is drawn 26 periods ahead. 

    The second Senkou line is calculated by averaging the highest high and lowest low over the previous 52 periods, then plotting them 26 periods forward.

    How to Trade Using Ichimoku Kinko Hyo

    Senkou 

    The top line acts as the first support level if the price is over the Senkou span, while the bottom line serves as the second support level. 

    The bottom line serves as the first resistance level when the price is below the Senkou span, while the top line serves as the second resistance level.

    Kijun Sen

    Meanwhile, the Kijun Sen serves as a predictor of price movement in the future. 

    If the price is over the blue line, it is possible that it will continue to rise. 

    If the price falls below the blue line, it may continue to fall.

    Tenkan Sen

    Meanwhile, the Kijun Sen serves as a predictor of price movement in the future. 

    If the price is over the blue line, it is possible that it will continue to rise. 

    If the price falls below the blue line, it may continue to fall.

    Chikou Span

    Finally, a buy signal is generated when the Chikou Span or the green line crosses the price in a bottom-up direction. 

    It’s a sell indication if the green line crosses the price from the top down. 

    Here’s another version of the line-filled chart, this time incorporating trade signals: 

    Ichimoku may be utilized in every market and in any timeframe as a trend tracking indicator. 

    It encourages trading in the direction of the trend, not against it, regardless of the market. 

    Ichimoku can assist you to avoid entering the wrong side of the market by observing trends.

  • Ethical Investing

    #edgeforex #trading #market #stocks #money #gold #forex #crypto #cryptocurrencies #usd #december #law #failure #bill #ethical #green #investing #bitcoin

    Ethical investing has several varieties, such as green, socially responsible, impact, and ESG investment. Let us look at them one by one. 

    The green investment focuses on firms’ environmental consequences and their commitment to reducing pollution and greenhouse gas emissions, conserving natural resources, and other environmentally friendly initiatives.

    Green indexes, ETFs, bonds, and mutual funds can be purchased by traders, as can equities in environmentally aware corporations that support green projects. These investments produce all or most of their revenues from green business operations are known as pure-play green investments. best brokerage firms for ethical investment 

    The Green business activities might include firms researching renewable energy, finding eco-friendly alternatives to plastics, or attempting to decrease pollution and the environmental effect of their operations.

    This may be divided into three categories: dark green investment, medium green investing, and light green investing. 

    Dark green investment is a rigorously screened strategy that avoids any firm or industry that does not satisfy the requirements. 

    Light green investment searches out firms that do good rather than avoiding those that are thought to create damage. 

    The medium green approaches are a hybrid of the two. 

    ESG stands for Environmental, Social, and Governance and is one of the most prevalent kinds of ethical investing offered by the finest brokers. It is a type of ethical trading that takes into account both the financial rewards and the behaviours of an investment. 

    Socially responsible investing (SRI) is exactly what it sounds like: an investment that is deemed socially responsible due to the nature of the firm. 

    SRI aggressively avoids sin stocks’ or chooses investments based on particular ethical principles, such as the ESG score system. The finest brokers for this type of ethical investment combine positive and negative screening to catch the best of both worlds. 

    Socially responsible investments typically mirror the present social, economic, and political environment. 

    Impact investing is a strategy that produces demonstrable social and/or societal consequences and benefits in addition to financial advantages. The best brokers for this form of ethical investing focus on achieving particular social or environmental benefits through investments in market sectors committed to fixing specific concerns. Impact investing’s main purpose is to assist lessen the negative consequences of economic operations on the social environment, and it is frequently regarded as an extension of philanthropy.

    The majority of impact investing is done by institutional investors such as hedge funds, banks, and pension funds. Traders can put their money into emerging or existing economies, as well as a variety of industries such as agriculture, education, energy (especially clean and renewable energy), and healthcare.

  • AUD/USD as a potential catalysts at sight

    #edgeforex #trading #market #stocks #money #gold #forex #crypto #cryptocurrencies #usd #december #law #failure #potential #catalyst #aud/usd #bill #bitcoin catalyst

    The AUD/USD pair has continued to consolidate gains, spending a second consecutive week above 0.7700 but failing to push over 0.7800. The commodity-linked currency had solid reasons to run, but speculative investors preferred to wait for a better image of the greenback.

    Base metals such as copper and palladium have recently achieved new highs amid widespread optimism about a worldwide post-pandemic economic recovery. Developed economies, like the United States and Australia, are seeing the light at the end of the tunnel. Stocks and gold prices, on the other hand, were unable to reflect the upbeat attitude, moving modestly lower on a weekly basis, limiting the aussie’s prospective gains. 

    Meanwhile, the US Federal Reserve held a monetary policy meeting this week, and while some analysts branded it as “dovish,” it was more of a wait-and-see. 

    Fed Chair Powell struck a mix between caution about the threat of a pandemic and optimism about economic gains. 

    The US dollar has reasons to gain, but it is also on pause, awaiting a better picture and more confirmation from macroeconomic numbers.

    The data released by the United States was mainly positive. The CB Consumer Confidence Index increased to 121.7 in April from 109 in March, much above market forecasts. Weekly jobless claims were 553K, falling short of estimates but still around the lowest level since the epidemic began, indicating that the labour market is on the mend. Durable Goods Orders were the exception, increasing by a modest 0.5 percent in March. 

    Finally, personal spending increased by 4.2 percent in March, the quickest rate in nine months, while personal income increased by 21.1 percent. Core PCE inflation, the Fed’s preferred gauge, came in at 1.8 percent, as expected by the market.

    Australia, on the other hand, had nothing to give and produced mediocre results. The quarterly Consumer Price Index shrank to 0.6 percent from 0.9 percent in Q1, falling short of the market’s forecasts, while the RBA Trimmed Mean CPI for the same time came in at 0.3 percent. In the same time, the Producer Price Index rose by 0.4 percent, somewhat more than the 0.3 percent projected. 

    The market may have a better idea of where the Australian economy stands in the coming days. The country will begin the week by releasing the April manufacturing indices and the April TD Securities Inflation. 

    The RBA will publish its Monetary Policy decision on Tuesday, while central bankers are anticipated to keep the present policy on hold. Australia will also provide updates on the Services PMI and housing-related indicators throughout the week.

    The official ISM PMIs for April will be released on the US macroeconomic calendar, and they are expected to reflect continued economic expansion. Starting on Wednesday with the ADP survey on private job creation and finishing on Friday with the Nonfarm Payrolls report, the spotlight will be on employment-related statistics. 

    The country is estimated to have gained 926K new jobs in April, with the unemployment rate falling to 5.8 percent from 6 percent the previous month. 

    In the long run, the AUD/USD pair is technically neutral, with a modestly positive potential. 

    The Momentum indicator is around its midpoint, and the RSI is at 60, indicating that there is no selling interest. 

    On a daily basis, the pair continues to oscillate between gains and losses. 

    It remains above bullish moving averages, with the 20 and 100 SMAs converging around 0.7700, but technical indicators continue to lose strength inside favourable levels.

    If the price breaks below the 0.7690 support level, a corrective slide is possible, with the next levels to watch around 0.7600 and 0.7531. To the upside, the pair must go over 0.7820 in order to extend its gains toward the 0.7900 level. 

    The AUD/USD pair will prolong its consolidative phase in the next weeks, according to a Forecast Poll. The pair is expected at 0.7737 on a weekly basis on average, as the number of bulls equals the number of bears. The monthly and quarterly perspectives are dominated by bears, although the pair is projected to remain at present levels.

  • Five most predictable currency pairs

    #edgeforex #trading #market #stocks #money #usd #gold #pairs #currency #forex #green #investing #ethical #holidays #loss #break #cryptocurrencies #law #bill #bitcoin currency

    Neither all currency pairings are created equal — not in terms of the spreads brokers give on them nor in terms of volatility or predictability. ? When a currency pair reaches key support or resistance line, it will either slow down and finally turn around — or it will make a clean break and leave dust in its behind. 

    On the fundamental level, a more predictable currency pair moves consistently in reaction to data, its central bank avoids major shocks, and it is less susceptible to headlines. 

    1. AUD/USD: 

    For numerous years, the Australian dollar has ranked high in terms of predictability, and for good reason. This currency pair tends to travel in plainly defined uptrends and downtrends, and when it breaks out of them, the shift in direction is quick and apparent. 

    Furthermore, the Australian dollar is the best “risk currency,” having a significant link with stock markets. It has lately been less associated with Chinese statistics, which is excellent news because data from the world’s second-largest economy may be confusing. Locally, the Reserve Bank of Australia avoids major shocks while also enabling traders to respond to Australian data.

    2. USD/JPY:

    This currency pair has experienced periods of difficult and inconsistent range trading, but that is no longer the case. It pays more attention to support and resistance lines than it used to, and its recent higher trading ranges indicate that it is finally having its time. 

    Fundamentally, USD/JPY has a strong link with US bond rates and continues to be the strongest pair to trade US data.

    3. USD/CAD: 

    This currency pair has experienced periods of difficult and inconsistent range trading, but that is no longer the case. It pays more attention to support and resistance lines than it used to, and its recent higher trading ranges indicate that it is finally having its time. 

    Fundamentally, USD/JPY has a strong link with US bond rates and continues to be the strongest pair to trade US data.

    4. NZD/USD: 

    Technically, the kiwi is a fantastic pair to trade because it produces huge breakouts and then races to the next support or resistance line to halt. It has, however, had its fair number of false starts. 

    Fundamentally, the NZD mimics the AUD in response to stock market movements, although the Reserve Bank of New Zealand prefers surprises over their counterparts in Canbera. This reduces its rating.

    5. EUR/USD: 

    Because it has so many moving pieces, the world’s most popular currency pair is more difficult to trade and necessitates more skill. Trading EUR/USD, on the other hand, gets considerably easier if the trader becomes aware of the pair’s proclivity to make an early false break. 

    Recent uncertainty has been surprisingly beneficial to the pair, and this is likely to continue.

    GBP/USD It’s just too choppy, with the occasional Brexit headline. USD/CHF is vulnerable to Swiss National Bank intervention – certain traders and brokers will never forget the 2015 “SNBomb.” The franc may be a safe refuge for investors, but it is not a safe haven for traders. 

    It is critical to understand the technical and basic predictability of currency pairings – and to monitor their progress. Forex trading is never a one-way track, and understanding when to exit a currency pair that has lost predictability is crucial.

  • Silver – The White Metal

    edgeforex #trading #market #stocks #money #usd #gold #silver #metal #white #forex #green #mentor #independence #investing #ethical #cryptocurrencies #fx #addiction #loss #bitcoin silver

    Silver is classified as a precious metal because it is uncommon and valuable. It is also classified as a noble metal because it resists corrosion and oxidation, but not as effectively as gold. Silver, the white metal, has a long history of usage in jewelry and coinage. But its principal application now is industrial. New ideas are continually appearing to take advantage of silver’s special qualities, whether in cell phones or solar panels. 

    Silver’s Use in Electronics: 

    The most common application of silver in the industry is in electronics. Because silver has the highest thermal and electrical conductivity of any metal, it cannot be easily substituted by less costly alternatives. 

    Silver is extracted from silver mines or from lead and zinc mines, where silver is a byproduct. Silver is extracted from ore by smelting and refining. The silver is then often formed into bars or grains. Electronics require silver of the utmost purity: 99.99 percent pure, usually known as having no impurities.

    Silver paste has several applications, including the previously mentioned membrane switch and rear defrost in many automobiles. In electronics, silver paste is used in circuit routes as well as passive components known as multilayer ceramic capacitors (MLCCs). One of the most rapidly developing applications for silver paste is in photovoltaic cells for the generation of solar energy. 

    Superconductors are at the bleeding edge of technology. Although silver is not a superconductor, when combined with one, the two can carry energy faster than the superconductor alone. Superconductors transport electricity with minimal or no electrical resistance at extremely low temperatures. They may be used to create magnetic energy. It can then be utilized to turn motors or move magnetic levitation trains.

    Silver in the Energy Sector 

    Solar panels are made with silver paste. Electrical current is captured and carried via silver paste connections printed on solar cells. This current is generated when sunlight strikes the cell’s semiconducting layer. Photovoltaic cells are one of silver’s fastest expanding applications. 

    Silver’s reflectivity allows it to play an additional function in solar energy. It reflects solar radiation into collectors that create electricity using salts. 

    Silver is also used in nuclear energy. The white metal is frequently used in control rods in nuclear reactors to catch neutrons and reduce the rate of fission.

    Silver in Brazing and Soldering

    Brazing and soldering exploit the great tensile strength and ductility of silver to unite two metal parts. Brazing occurs at temperatures exceeding 600°C, whereas soldering occurs at temperatures below 600°C. These techniques do not require particularly pure silver. Silver scrap can be utilized in brazing and soldering. 

    Brazing and soldering generate tight junctions in a variety of applications ranging from heating and air conditioning vents to plumbing. its It has antibacterial qualities and lack of toxicity to people. Silver is an excellent substitute for lead-based connections between water pipes.

    Silver in Chemical Production

    Silver serves as a catalyst in the synthesis of two essential chemicals: ethylene oxide and formaldehyde. Ethylene oxide is used to make molded plastics like plastic handles as well as flexible plastics like polyester. It is also a key component of antifreeze. Formaldehyde is used in the production of solid polymers and resins, as well as as a protective covering. It’s also a disinfectant and an embalming agent. Silver, as a catalyst, accelerates processes without depleting them.

    Silver in Coins and Investments

    Silver, being a precious metal, is uncommon and costly, making it an ideal wealth storage medium. People used to save their money in silver coins. But now they invest in investment-grade silver bullion. Because silver does not corrode and only melts at a relatively high temperature, it is durable, and its high brilliance makes it appealing. Because of its malleability, silver is an excellent choice for developing and minting local money. 

    Nonetheless, silver keeps its commodity worth. Many people choose to invest in silver using financial instruments such as stocks and mutual funds, or by purchasing and keeping 99.9% pure silver bullion bars, coins, or medallions. Countries will occasionally issue silver collector’s edition coins, which they will sell to purchasers for a price that exceeds the worth of the silver used to make the piece.

    Silver in Jewellery and Silverware

    Other traditional uses of silver include jewelry and silverware. Silver is a lovely choice because of its malleability, reflection, and luster. Because silver is so soft, it must be alloyed with base metals such as copper, as in sterling silver (92.5 percent silver, 7.5 percent copper). 

    Because it is less expensive than gold, silver is a popular option for jewelry and a fine dining standard. Silver-plated base metals are a less expensive alternative to pure silver. Silver dishes and plates, which are frequently ornately created pieces of art, may accompany silverware. 

    Silver in Photography

    Until the recent emergence of digital media, photography was one of the principal industrial applications of silver. Traditional film photography is based on the light sensitivity of the silver halide crystals found in the film. When exposed to light, the silver halide crystals shift, capturing a latent picture that may be processed into a photograph. Because of its precision, this procedure is helpful for non-digital consumer photography, film, and X-rays. 

    The silver utilized in film photography is not the same as the “silver screen” of cinema. This expression refers to the silver lenticular screen upon which early films were projected, not the silver in the picture itself.

    Uses of Silver in Medicine

    By interfering with bacteria’s respiration, silver ions serve as a catalyst, absorbing oxygen and killing them. Silver has played an important part in medicine for thousands of years due to its antibacterial properties as well as its non-toxicity. 

    Before antibiotics were widely used, the silver foil was wrapped over wounds to help them heal, and colloidal silver and silver-protein complexes were consumed or administered topically to fight sickness. Silver has also been used to heal and prevent infection in eye drops and dental hygiene. 

    While silver is not harmful, long-term exposure to tiny quantities of silver can cause argyria. Silver accumulates in bodily tissue in patients with this illness, giving it a gray-blue appearance when exposed to sunlight. Silver sulfadiazine is very beneficial to burn sufferers since it eliminates germs while enabling the skin to regenerate.

    Silver in Mirrors and Glass

    When polished, silver is almost entirely reflective. Mirrors have been created since the nineteenth century by covering a clear glass surface with a thin layer of silver, while modern mirrors now employ other metals such as aluminum. Many modern building windows are coated with a clear film of silver, which reflects sunlight and keeps the interior cool in the summer. Silver-coated tiles in aerospace shield spacecraft from the sun.

    Silver in Engines

    Silver is used in engine bearings. The most durable bearing is constructed of steel that has been silver electroplated. Because of its high melting point, silver can tolerate the intense temperatures of engines. Silver also functions as a lubricant, reducing friction between a ball bearing and its housing. Silver is being investigated as a possible alternative for platinum to catalyze the oxidation of materials collected in diesel engine filters due to its capacity to absorb oxygen.

    Uses of Silver in Awards

    Silver is frequently used to award second place because of its position as a valuable metal, second only to gold. The most well-known silver prize is the Olympic Silver Medal for second place. Silver also represents honor, heroism, and achievement, which is why many military groups, businesses, clubs, and associations utilize silver or silver-colored medals to recognize people’s efforts.

    Silver for Water, Food, Hygiene

    Silver’s antibacterial qualities, which make it beneficial in medical and water purification, are increasingly being used in food and hygiene. Food packaging and refrigerators are coated with nanosilver. Furthermore, many contemporary consumer items, like washing machines, clothes, and personal hygiene products, claim the antibacterial silver advantages.

    Other Uses of Silver

    Silver appears to have as many applications as the human imagination can conjure up. Traditional silver works, such as jewelry and cutlery, rely on the artist’s imagination. To suit the shifting needs of customers and industries, modern applications rely on the inventiveness of scientists and engineers. 

    While certain uses ebb and flow, such as the use of silver in photographic film, others, such as the increasing manufacturing of photovoltaic cells for solar energy, may continue to increase. Silver’s distinct features, particularly its high thermal and electrical conductivity, reflectivity, and antibacterial capabilities, make it difficult to duplicate, such as a one-of-a-kind silver ring.