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Showing posts with label OANDA. Show all posts
Showing posts with label OANDA. Show all posts

Thursday, February 18

How to Actively Leverage your Money and Investments using the International Currency Exchange (Forex).

Having some extra money, as a windfall of this stimulus economy, here in America, suits a conservative financial outlook for us, as beneficiaries of the stimulus packages which have been made available to us, of which our primary budgeting aspirations and material needs have been met, despite some hardships incurred, in the interim.

The COVID-19 Pandemic has seen significant fallout, with major and upstart news media up in arms, as we attempt to grasp the totality and extents of this global disaster. Now that vaccinations are largely underway, there is a sign of a light at the end of the tunnel; one which will see us through to the new normal, in society, whereas much has shifted, it seems, as far as political milestones have been met, after some upheavals and dramatics, of the foray of things, as they were. 

Many of us had fallen to some of our most financially destitute lows, with employment prospects, although viably within visibility, for the sake of local and online communities such as craigslist, which I hold as one of my standing favorites, as a go-to, for gig work, of the technical and creative job industries, as well as for quick sales or purchases of extraneous electronics and tech devices, of which a person can make a quick cash or electronic funds transfer sale, while closing the sale within hours of posting an ad, all within the local community at large; here, within the craigslist context, the site is arranged by counties, of the states in which we reside. 

As such that craigslist is an online community, of the purpose of trading hard goods, procuring services, listing housing want ads, or offerings, etc., each transaction is ostensibly said and done, once the agreement has been met, and the transaction completed. The limitations of economy, as per se, that a transaction « can » be completed, are set forth in simple terms - a person either does or does not succeed in engaging in commerce, service, or trade, as a buyer, seller, worker, or employer, and the viability of the commerce, at the point of staging the transaction, is something that is leveraged upon the durability of the slight contract, at hand: a sale of an Apple product, which is perhaps the most popular sort of "computers and tech" or "electronics" section, and particularly if the item is sold for below fair and reasonable market price, is sure to attract quick commerce and exchange. Gigs posted in the various sections of the site will attract easily 10 candidates, with a posting cost of $5.00, I believe. As far as jobs and housing, I haven't personally posted in these sections in craigslist, so I won't speculate on the successes or metrics involved in engaging with customers or consumers, in those facets of the website. 

The point is, is that there's a limitation to the extents of commerce possible in dealing with and in developing any sort of ongoing cottage industry, which, (although), would be a quite lucrative and exciting self-employment job commodity to land and stage production and work execution deployments of small scale. All of this is possible, on a local classifieds listing site basis such that is seen on craigslist or Facebook Marketplace. A more entrepreneurially marketable mid-to-long term investment of skill sets and dedication to a cause, along these measures, would suppose that a dedicated e-commerce brand be established and purpose-led products and services be offered on a social entrepreneurship site, such as Etsy, or social media marketing slant of account basis in a site such as Instagram or Pinterest. The world of small business and startup marketing is a vast pitch, out to the ocean of the internet, at large, or social media, as it were, as for a more targeted approach. Here, on iPigeon.institute, for example, I have a brand that's stood, in establishment, on the web, going on since April of 2018, nearly three complete years, at this point. I've got a steady readership, yet distribution is largely contingent upon advertising the site's content publications on other social media sites, such as Twitter (with content publishing monetization through Google's AdSense, as the financial basis, at this point). Selling products is a tough sell, with readership loyalty and fan basis largely unknown, and not ventured much, as far as my expertise; although the tools do exist, with Google's Marketing Platform. 

All of this aside,

At times, I delve in to the world of day trading and international currency markets (forex) trading. I won't get in to stock trading, here; I'm a sort of trader that delves in to the inferential (or actual, geo-political) semiotics involved in forex trading, with minimal debriefing on the topic (a close friend, and mentor of mine took me to a seminar on forex, where a $4,000 software platform and $100 monthly feed fee was being offered, as an open-ended investment opportunity. [Incedentally, I'd met this friend and mentor through craigslist, and I devoted some years of services to, over a decade or so, ago. The social class strata inherent in a craigslist transaction could suppose, and enact great leveraged in opportunities in life; think local, dedicate the time and services one has to offer, and play the gig job economy game, for its expansive extents in social currency afforded to the gig jobber « would be ». For a skilled young professional, the opportunities in self-marketing are scalable and compartmentalized, to suit one's specialty]). 

In any case, as for the short story, the practice version of the forex marketer's software platform offer allowed a user to test out the package by investing in the $100 a month feed fee, with a practice account of $5,000. Within the first week, I had secured an overnight investment with this practice account that had netted me $35,000 (I believe)... something along those lines. The margin basis of investment leverage in foreign exchange currency markets is vast. The extents to which the money is leveraged is dependent upon various global market conditions, of which I'm not quite adept in, well enough to enumerate analytical theory upon, at this point. I simply use semiotics and casual inferential know-how and applied readership, of the blogosphere, of my own varying sort - of which « sort » of trading style I can expound upon, for anything's sake (contextually). 

In forex trading, I'd say that there are perhaps 3 major fundamental sorts of trading theory upon which one could establish a day trader's suit, about. The first would be that one is knowledgeable as for the ins and outs, and goings-on, of the international global currency markets, and international economies, which plays upon the notion of that the currency and day trading commodities, of a nation play out according [largely] to the time zone and standard work day constituent to the place on earth, where the nation resides, as well as that the political, social, and economic news foundry and "day's work" basis of the nation's economy are invested upon the standard work day. Since this (forex trading) concerns trading the nation's currency against a single currency, as a "currency pair," per se, the time zones invested upon any given currency pair may (theoretically) be more viably fruitful to engage in trades, thereupon, or speculation of valuation extentd (volatility), based upon analytics dependent upon the time of day that the nation's markets open, political news, and economic news that may be of insight, in to the inherent and global market's valuation and potential for the nation's currency, placed against another nation's currency, as "pair." These sorts of investments can run from anywhere such as minutes or less, to weeks and months, or years, even, for more conservative investors who invest based on emerging and developing political and economic news of a nation. 

The second sort of trading style and theory I have, at mind, is a semiotics and signals sort of trading analysis, of the development of trends, based on chart information. Let it be known; this professional seminar I had attended, perhaps 12 years ago, or so, was groundbreaking information to me, by all means - the forex market itself was an unknown to me, and software development had not reached the extent of popularity and expanse of means, in development and competitive economy, such that is afforded today, with apps being developed and deployed, of all sorts, reaching consumers. In this case, as far as forex is concerned, much time in software development had passed, and competition has led software development establishments to offer such things as free forex feeds, in free apps, for example. I'm using OANDA, which is available on the App Store, and on Google Play. It offers users dozens of currency pairs to trade upon, with a 24/7 feed for each pair, news feed, and open-ended investment basis. I opened an account with $100, to start with. I'm using simple signs, and simple-basis "trending" sorts of analytics, such as the previous highs or lows, of the time of day, and with forecasting insights, based on casual news media astute readership upkeep, or for casual political affinities and insights, I cast an investment. For example, here, in this chart, showing the EUR/USD currency pair, I might cast an investment, based on the day-to-day highs and lows, of a buy-in basis of that the currency pair would gain or lose money, perhaps reliably, simply for the fact of that prior day's trends and establishments of valuation had predicated that the currency pair has an ongoing trend, of some viable: static, or dynamic - story behind it, perhaps; in addition to any number of valuation variability attributes upon the currency pair.


 The more informed and concurrency-based the investment insight is, the more viable the percentages are, in investing here; in this case, the volatility plays largely in to assuming future valuations, based on prior trends and establishments, as far as buying and selling, within this short-to-mid-term investment basis is concerned - anywhere from 15-30 minute trades, hours, or days forecast, as for procuring worth upon valuation is concerned. 

The third sort of trading: at this point, I'm forgetful, to be honest. Perhaps I'll come back and update this article. 

The greater the pips involved, in the purchase (or sale, as it were, perhaps) inherent within each momentary offer of a price for a currency pair - a trader can invest money on the gain, or the loss, of value, for one side of any currency pair, in a purchase. The feed is free, although "don't forget the worth of our cookies," as people who follow my social media and blogging would perhaps casually attest to: the worth of each one of us, in our interrent internet identities, as it were, and should it be the case, is at hand, and also at stake, with this global trading platform being offered as a free service. Here, I run an intelligence content publishing basis platform, so I infer that I'm obligated to throw in an introductory article, for the purpose, and develop upon this basis, over time, with gains in intelligence, and onboarding of an ethical, objective, and informative basis for interested new users of the platform of which I'm publicizing and using, on my own. 

Now get OANDA on to your device, and start trading! One thing - you wouldn't stand, off hand, to lose much money, and we learn as we go. I'll update, to come, with more sound and viable actual theory and analytical practices, as well as invested nomenclature and slights at expertise upon the topic of forex trading.

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