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mohsinjameel · 4 years
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Forex Trading: One of the Best Opportunities to make money during the Quarantine
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Are you stuck at home due to the Corona pandemic? All your favourite hangout spots – the gym, malls, restaurants and theatres are closed? Worried about eroding your savings? Besides the health scare, the novel Covid-19 outbreak has led us into another emergency crisis – the financial crisis. With thousands of businesses shutting down operations, millions of people are on the verge of losing their jobs or facing reduced incomes.
But, worry not, here in this guide, we show you how you can make money while staying at home and learn how to supplement your income during this uncertain period.
The Impact of Covid-19 on the Global Economy
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Corona pandemic is one of the biggest financial crises of all times. Some financial experts liken it to the recession of 2008, while others liken it to the Great Depression of the 1920s. It has impacted nations all across the world. China today is the world's factory and supply chain disruptions in Asia affect the rest of the world.
Even financially secure countries like Germany, Japan and the US are teetering on the brink of recession. The question is no longer about whether the global economy is going down. Instead, it's now about, "by how much," and for "how long."
Just as they say, every cloud has a silver lining, so does the Corona pandemic. If you’re a Forex trader, this is the best moment to make the maximum out of the opportunities available. Indeed, the stock market is not in the best shape right now. But, even that presents a lucrative opportunity – investors can now pick up plenty of stocks for cheap. However, the big catch here is that – no one (not even expert investors) can predict the way shares will move in this volatile economy. There are plenty of chances that the stocks you picked up will never recover leading to massive losses.
This is where Forex trading comes into the picture. Forex has the economy of an entire country to back it up, thereby they are likely to suffer lesser losses.
Here are a few trading strategies that you can use right now, to make money during the Quarantine:
#1: Trade Stocks
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Veteran stock traders know that volatility is one of the best opportunities to make money from stocks. Here are a few recommended short-term strategies to make money from the volatile stock market. Day Trading – As the name implies, this is an ultra-short-term stock trading strategy. It capitalises on hour-to-hour price fluctuations. Day traders pick up stocks when they are undervalued and sell them later in the day when the shares rise in value. Generally, most day traders do not hold a particular stock for more than a day or two. Swing Trading – This is another popular short-term trading strategy. Here traders buy stocks when they are undervalued and sell them when they peak. Contrary to day traders, swing traders hold onto stocks for a few weeks or even a couple of months. They rely on technical analysis to decide the assets to buy.
Shorting – It’s a process of borrowing a specific number of shares or stocks from a broker and make a profit in the transaction later. Shorting is one of the most preferred strategies for beginners as it doesn't require significant capital. However, traders who proceed without the right research could end up losing their money.
#2: Forex Trading
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The basic idea behind Forex trading is exchanging one currency for another, making a profit out of the trade. With the Corona pandemic, the currencies of various countries are going through a highly volatile phase. Professional Forex traders who are attuned to these movements can make huge profits – at times like this.
Learn Trading and Make Money while in Quarantine
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This is the best time to get started with trading. Generally, most people are reluctant to get started with trading as they don’t have the time required to monitor the market. The positive side of the Corona lockdown is that – we have ample time in our hands. Instead, of wasting these precious hours binge watching Netflix or bingeing on snacks, let’s put it to productive use with trading.
Irrespective of the type of trading you choose – stocks or Forex, you need to first open a brokerage account. There are plenty of brokers online who offer affordable trading solutions for beginners. Several starter-friendly tools explain, educate and provide you with all the tools to become successful traders. And, now that you are locked inside your home with time to spare, it’s the best time to start learning a new skill.
The Coronavirus has changed the economic landscape like never before. All of us have to adapt our skills to survive in this rapidly changing world. Right now, there are plenty of opportunities available to Forex and stock traders. Power up your laptop and get started with online trading. And, with luck favouring you, you may make a few bucks right from your home.
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mohsinjameel · 4 years
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Has the Corona Cornered the Forex Market?
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A recent entrant to our vocabulary, Corona has managed to get the world's attention. From a less-known province in China to reaching all continents (except for Antarctica) Corona is the top headline across the globe. Initially detected in Wuhan in December 2019, Corona rapidly infected thousands of people since the beginning of this year.
Here, in this guide, we discuss the impact of this global epidemic on the world's forex market. There are plenty of questions like – will the stock market crash? Should I give into the panic selling? Or hold my shares, hoping for a speedy recovery? Continue reading to find answers to all these questions and more.
Before, we understand the impact of the Novel Coronavirus on the global Forex market, here’s a quick timeline of the spread of the COVID-19 across the globe.
Dec 31 – China alerts WHO to the spread of atypical pneumonia in Wuhan, a port city in Hubei province. Several of the initially affected were identified as workers in a Seafood Wholesale market.
Jan 11 – China announces first death due to Corona.
Jan 13 – The first Corona case outside of China was reported in Thailand.
Jan 30 – WHO declares Corona outbreak a global epidemic.
Feb 2 – First Corona death outside of China was reported in the Philippines.
Feb 7 – Chinese doctor who spread the news about Corona and worked in the field succumbs to the disease.
Feb 11 – WHO names the virus as COVID-19. CO denotes Corona, VI denotes virus, D denotes disease, 19 for the year 2019, when the virus was first discovered.
Feb 12 – The Diamond Princess cruise ship docked at Yokohama became the largest cluster of the virus outside of China, with 175 people on board infected.
Feb 14 – Egypt was the first country in Africa to report the virus. And, France reported Europe’s first death.
Feb 19 – Iran reported two deaths from the virus.
Feb 20 – South Korea reported its first death from the Corona.
Feb 26 – The global death toll reached 2800, with the virus spreading to several countries.
Mar 3 – The death toll in Italy reached 77.
With the epidemic showing no signs of stopping, here’s a look at how it has impacted the Forex market worldwide.
How does the Corona Outbreak impact the Global Forex Market
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CHY/USD
Today, we live in a highly connected global economy. A disruption in one corner of the planet affects dozens of markets worldwide. Today, China is the world's second-largest economy, right next to the US. It achieved this record nearly a decade ago in 2010 and since then has been going strong.
When the Chinese stock market opened after the Chinese New Year holiday on Jan 25 of this year, it had lost nearly $400 billion. The People's Bank of China had slashed interest rates in an attempt to revive losses. It has also injected a whopping 1.2 trillion Yuan to bolster the national economy.
The most significant loss to China comes from the hit to the tourism sector, which accounts for 6% of the nation's GDP. The government had to clamp down the movement of tourists – both domestic and international – which further deepens the economic crisis.
Yuan, the Chinese currency has weakened severely against several other global currencies. It dropped to CHY 7.02 against the US dollar, the lowest it has reached in recent years.
EUR/USD
Just like other major currencies, the EUR/USD pair also has taken a severe blow in 2020. Before the Corona outbreak, the EUR has been facing several challenges like the Brexit impact, drop in investor confidence, disappointing economic performances and more.
When compared with the EUR, USD is going strong, as the US is still seen as a safe haven amidst the global corona epidemic. Ongoing Corona outbreak in several parts of Europe, notably Italy will weigh heavily on the Euro, making it drop down further.
AUD/USD
Australia's biggest trading partner is China, and the challenges faced by the Chinese economy doesn't bode well for the Australian dollar. Investors often rely on the Australian dollar as a proxy for the Chinese currency, in trading circles. As a result, AUD has garnered the reputation of being a risk currency among investors. They avoid it during a period of instability. All this spells gloom for the AUD in the next few months.
JPY/USD
Traditionally, the Japanese Yen is considered as a safe currency, due to Japan being the world's largest creditor. Initially, the Yen showed signs of strengthening against the USD when the Corona outbreak occurred.
However, following the discovery of the Corona cluster aboard a Japanese cruise ship, the JPY has weakened, questioning its status of a safe haven.
CAD/USD
The Canadian dollar is always considered as a risk-sensitive currency. The CAD weakened as crude oil prices fell across the world. As one of the world's largest oil-producing nations, this is a massive blow for CAD.
How has Corona impacted Digital Currencies like the Bitcoin?
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One surprising and positive news among the Corona outbreak is that Bitcoin has rebounded sharply. Investors who earlier lost confidence in the digital currency are now flocking back to it. It’s considered as one of the safest assets now, next to gold.
The Key Takeaways
The impacts of Coronavirus on the global economy are significant. It has created a knock-on effect that is impacting companies big and small across the globe. The opinion on the impacts is divided – while some experts believe that the worst is over with new cases in China coming down, others believe that the crisis has not yet reached its peak.
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mohsinjameel · 4 years
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10 Golden Rules for Successful Trading for Beginners. Article by Mohsin Jameel
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Very often amateur traders come across well-meaning advice from expert traders like, “keep your losses to a minimum” “trade as per your plan.” But, the problem with these bits of advice is that it doesn’t offer clear-cut actionable instructions. Worry not, here in this guide, i Mohsin Jameel offer you specific instructions, actionable tips that help you make money on your trades.
10 Must-Follow Rules of Trading
Regardless of what you trade — stocks, commodities, forex or even digital currencies — these rules will help you attain success. Remember, trading rules are always the same. It’s not about what you trade; instead, it’s about how you trade that determines your success.
Rule No. 1: Write a Trading Plan and Follow it religiously
The number one reason why most traders fail is not that they made poor decisions, but because they strayed away from their original plan. It is human nature to break the rules. Being a successful trader requires plenty of discipline to act according to rules.
Write out a trading plan and stick to it at all times. We highly recommend that beginners start with a simple plan. You can enhance your plan later once you learn the ropes of the game.
Rule No. 2: Continue Learning
Trading is a dynamic activity. The markets keep on changing with time and Strategies that worked last year may not work now. To be a successful trader, you need to continue learning daily.
The best way to learn is by imitating successful traders. Join a social trading platform to see how the experts do. You can quickly learn and widen your knowledge base by using a social trading platform.
Rule No. 3: Don’t let your losses multiply
As per your trading plan, you are sure to know when to cut your losses. Avoid the temptation to go beyond your maximum loss limit. Remember Rule №1: Always follow your trading plan. Don’t overstep it, irrespective of how tempting it might be.
Read the complete article by clicking it here.
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mohsinjameel · 4 years
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Mohsin Jameel Guide:  Can I Make Money from Social Trading?
One of the biggest questions running on the mind of beginner traders is, “Does social trading work? Will I be able to make a profit out of it? Is it the right trading method to help me get started?”
A big Yes to all the above questions. Here, in this guide, Mohsin Jameel, a man of many hats, a visionary digital entrepreneur, and one of the pillars of MOYO trading helps to set aside all your worries about social trading.
Over to Mohsin.
First things first,
What is Social Trading, and why the hype around it?
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Social trading is one of the best-in-class investing opportunities available to newbie investors. Thanks to the rise of web 2.0, even inexperienced investors can strike it big in a trading network today.
As the name social implies, it’s sort of like a social network. But, instead of sharing selfies and foodfies, users of social trading networks share stories of successful trades with others. Other users can then copy the trades of winning traders and use it to build their own success stories.
To phrase it in a nutshell, social trading helps beginner traders imitate professional traders to replicate the success story.
Let’s take a look at this article for your awareness.
Read more…
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mohsinjameel · 4 years
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#3 MOYO Trading Platform Run through (Hindi/Urdu) - By Mohsin Jameel
In this video, I have given a very comprehensive run through of social trading platform "MOYO Trade" in Hindi and Urdu.
Checkout the state of copy/ social trading platform at www.moyotrade.com.
And, make sure to hit the subscription button below to be the first to know about our upcoming video podcast. If you’ve got any questions, shoot your comments below, and we would love to help out!
Subscribe to my channel for getting the regular updates, URL is http://www.youtube.com/c/MohsinJameel?sub_confirmation=1
To get all the updates on Buxcoin, join us on Telegram - https://t.me/Buxcoin_official
I am available at www.mohsinjameel.com.
Copyright (c) 2019 Mohsin Jameel. All rights reserved.
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mohsinjameel · 4 years
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Social Trading — Is it the Future of Trading? Find out Now
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mohsinjameel · 4 years
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In this video, Mohsin Jameel (CEO - Bull Infotech) has shed a light on a very interesting concept known as "Social Trading". He has cleared its fundamental from the scratch so that even layman can watch the video and understand this amazing concept. We have recently launched our state of the art platform "MOYO Trade" which is made on the underlying concept of Social Trading. You can check the platform at www.moyotrade.com. Subscribe to my channel for getting the regular updates, URL is  http://www.youtube.com/c/MohsinJameel... Join us on Telegram - https://t.me/Buxcoin_official I am available at www.mohsinjameel.com
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mohsinjameel · 5 years
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Is the Brexit a Blessing in Disguise or a Blow for the UK’s Financial and FinTech Services? Find Out Now.
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The UK is one of the top leaders of the world’s financial services industry. But, with Brexit looming ahead, how will it impact the nation? Find out Mohsin Jameel views on how Brexit will impact the UK’s Fintech industry and how financial services can cope with weathering the blow. 29th March – the official Brexit deadline is just a couple of weeks away. The EU referendum has caused uncertainty in London’s financial district is the understatement of the century. Let share my views on how Brexit will impact the UK’s financial services sector. Read complete article at https://bit.ly/2TFddTt
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mohsinjameel · 5 years
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Absolute Beginner’s Guide to Getting Started with MT4 – The World’s Most Powerful Trading Platform
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As you take baby steps into the world of Forex and crypto trading, you are bound to come across the name, “MetaTrader 4.” MetaTrader4 or MT4 as it’s popularly known as is a widely used software program that provides real-time access to global trading markets to anyone from anywhere. MT4 is a single platform that you can use to trade all commodities like Forex, CFDs, and indices.
Since its initial launch in 2005, MT4 has become the global standard for electronic trading. The reasons for its popularity are plenty – simple design, easy to use, integration with third-party charting tools, real-time price feed, access to historical data, extensive third-party application integrations and more.
If you are just finding your way around MT4, then you’ve come to the right place. Here, we’ve put together a comprehensive guide for getting started with MT4 and also point you to other resources and articles that will help in boosting your trading experience.
Where to Begin with MetaTrader 4?
Starting with MT4 is quite easy. You can either approach your broker to get a copy of the software or download it for Free on the official website. The official site makes it super easy to download and use the software, even for those with no prior technical and trading experience.
There are no specific OS requirements, and you can pretty much use it on all regular desktops and laptops and even on your Smartphone. All you need is a steady, internet connection and you are ready to go.
Here’s a quick guide to installing MT4.
Step 1: Head to the MetaTrader 4 official website and select the download for free button. Choose your preferred option. Decide whether you want to download for Windows, Mac OS, Linux, Apple or Android.
Step 2: Once you agree to the Licensing Agreements and other terms and conditions, click Next to begin the installation.
Step 3: Follow the usual installation steps like “Create a desktop shortcut,” “Launch program after successful installation.”
Step 4: Once the setup wizard finishes, a message will be displayed on the screen, stating that the software has been successfully installed.
To get started with MT4, you need a live account with any registered broker. If you don’t have a live account, you can use the MT4 demo account to test the platform. The demo account is loaded with demo dollars. It’s highly recommended that you set up a demo account to learn the ropes of using the software.
Use the various parameters to customize your demo account – account type, desired leverage, trading currency, hypothetical deposit and more. When you complete the demo account, you can start trading with MT4.
Basic Navigation Guide for MT4
Now, that you have installed the MT4, it’s time to start learning how to navigate your way around the software.
The default screen in MT4 has four chart windows, each of which denotes a particular currency pair. The toolbars can be found on top of the screen. Below the toolbars, towards the left is the “market watch,” window that gives a list of several currency prices along with their ask prices and corresponding bids. On the “Market Watch” window are two tabs at the bottom. One – the Symbols (this shows the list of currency pairs), Two – the Tick Charts (this tab shows the current price activity).
The “Navigator” window lies below the “Market Watch” window. Here, you can view your account details as well as other indicators like Scripts and Expert Advisors.
At the bottom of the screen is the “Terminal,” that has six tabs – Account History, Alerts, Experts, Journal, Mailbox, and Trade. Traders can click on each tab to find out more information. For instance, the “Trade” tab is where you can check the details about open orders, trade entry price, trade closing price, stop loss levels, take profit levels and more.
Charts and Settings
All the charts and settings in MT4 can be customized to reflect your particular trading style and specific preferences. Right click on the chart you wish to customize, select “Properties” and change the appearance of the chart. You can change the colours for each variable like the bar colours, grid, foreground, and background.
Templates
Once you have chosen a particular colour scheme, you can save it as a template. Name the template and select it for later use.
Price Bars
You can also customize how you want the prices to appear on each chart. Choose from bar, line or candlestick price data.
Connection Status
The bottom right corner of the MT4 window shows a status icon that indicates whether the platform is connected to the internet and can receive market updates. If you see green bars, then it means you are connected. Additionally, you can also see a number close-by that indicates the speed of the connection. If the bars flash red, then it means that there is no connection.
Wrapping Up
While installing and setting up MT4 is quite easy, learning how to place trades requires time and effort. You need to understand the intricacies of the program to start taking advantage of its advanced features.
Stay tuned for other helpful guides on MT4 from us. And, in the meantime make sure to check out the MT4 User Guide and the MQL4 community for helpful tips on using this powerful trading platform.
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mohsinjameel · 6 years
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Mohsin Jameel’s top 3 Mantras to strike gold in the world of cryptocurrency
Check out the article to know the secrets to become crypto rich into the world of cryptocurrency, read the full article at:
https://coinspectator.com/news/885499/top-3-mantras-by-mohsin-jameel-to-strike-gold-in-the-world-of-cryptocurrency
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mohsinjameel · 6 years
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Get Complete Guide of Mohsin Jameel on Crown Chit Fund & other Chit Fund Companies in India – The Past, Present, and Future
Check out the article now at:  http://mohsinjameel.blogspot.com/2018/06/crown-chit-fund-other-chit-fund.html
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mohsinjameel · 6 years
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Know everything about Fintech Industry by Mohsin Jameel 
Check out the article to know the 6 ways Fintech is shaping the future of financial services.
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mohsinjameel · 6 years
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7 Checklist By Mohsin To Know The Key To Pick Winning ICOs
If you’re new to the world of cryptocurrencies, then you might be wondering what’s all this cry about ICOs (Initial Coin Offerings). 
Mohsin Jameel share’s with you the secret to picking winning ICOsthat will earn handsome returns.
Read the article at: http://www.mohsinjameel.com/the-key-to-pick-winning-icos-7-checklist-by-mohsin-jameel-to-help-you-out/
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mohsinjameel · 6 years
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Check out the article on medium to know about the good, bad and ugly of Cryptocurrency and know why its a good time  to start your digital currency portfolio.
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mohsinjameel · 6 years
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Exclusive Images of Cashfinex –The Biggest Annual Meetup in Malaysia 2018
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Want to get access of the Images Folder? Send a mail to: [email protected]
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mohsinjameel · 6 years
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Check out the article by Mohsin Jameel to know about the top celebrity investors who have made handsome returns and are bullish on cryptos right now.
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mohsinjameel · 6 years
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Check out our article on one of the most famous finance site - Seekingalpha.com to know about the top safety tips given by Mohsin Jameel to protect yourself from cryptocurrency scams
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