To introduce a cryptocurrency trading service in the US, OANDA has teamed up with Paxos. With the new service, investors in the US now spot trade cryptocurrencies on Paxos’s itBit exchange via the OANDA mobile app. Due to the fact that everything—from Paxos account opening to funding to trading—is controlled within the app, investors will…
According to blockchain analytics company Chainalysis, hackers have stolen more than $3 billion in cryptocurrencies so far this year, breaking the previous record of $2.1 billion established in 2021. In a string of tweets published on Wednesday, Chainalysis said that a sizable portion of that $3 billion, or roughly $718 million, was stolen this month…
The US Dollar Index (DXY, DX, USDX) measures the value of the US dollar in relation to a basket of other currencies, including those of the US’s major trading partners. The Dollar Index rises when the US dollar strengthens against the basket’s other currencies and falls when the dollar weakens. The US Dollar Index compares…
With Liz Truss resignation, the race for the Conservative Party’s next leader has begun. Because the law requires that there always be a Prime Minister, Truss has stated that she will remain in the position until her successor is named. The search for a replacement after Liz Truss resignation is expected to be completed by…
Mastercard wants to bring cryptocurrency to the masses by making it easier for banks to participate. According to CNBC, the payments giant plans to announce a program Monday that will assist financial institutions in offering cryptocurrency trading. Mastercard will serve as a “bridge” between PayPal and Paxos, a cryptocurrency trading platform. According to the company,…
Economic downturns are unavoidable. They will appear when they are ready, not if they are ready. The following question for currency traders is, “Is the forex market recession-proof?” The answer is no, and this necessitates a response from forex traders. Consideration must be given to the type of recession involved, as well as making the…
When first starting out in trading, one of the most important aspects is deciding on forex trading platforms to exploit. Nowadays, there are so many options to choose from that beginners can easily become perplexed. What exactly is a trading platform, and how can you make an informed decision? Let’s figure it out right now….
Forex risk management involves implementing a set of guidelines and safeguards to make sure any unfavorable effects of a forex trade are controllable. Since it is not a good idea to start trading and then try to limit your risk as you go, an efficient approach necessitates careful planning from beginning to end. Exchange risk:…
Jim Simons is one of the most successful hedge fund managers in history. He is a mathematician and the founder of Renaissance Technologies. His hedge fund specializes in system trading using statistical analysis of historical price data. Back in the day Jim would literally go to the world bank to get price quotes as far back…
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