1970’li yılların başlarında Bretton Woods anlaşmasının sona ermesi ile birlikte döviz kurlarında başlayan volatilite, swap benzeri türev ürünlerin hayata geçmesine imkan sağladı. Her geçen gün gelişen teknolojinin katkısıyla da günümüze gelindiğinde kaldıraçlı türev piyasalarda banka ve benzeri finansal kuruluşların yanı sıra bireysel yatırımcılar da oldukça dar spread oranları ile kolayca işlem yapma fırsatı yakaladılar. Türkiye’de özellikle son 10 yıldır gelişen forex piyasaları, 2012 yılından itibaren SPK regülasyonu gereği forex piyasalarında işlem yapma imkânı sağlayan finansal kuruluşların denetlenmeye başlanması ile kaldıraç oranı kullanarak daha yüksek hacimli işlem yapma fırsatından yararlanmak isteyen büyük-küçük tüm yatırımcıların ilgisi artmaya başladı.
Forex piyasalarında sıkça kullanılan ve yatırımcılar tarafından risk unsuru olarak görülen “kaldıraç” kavramını netleştirmek için bir örnek üzerinden gidelim. FinansolineFX’de 1/100 kaldıraç oranı seçeneğiyle forex hesabı açan Ahmet Bey’in, başlangıç teminatı olarak hesabına 1.000 USD yatırdığını düşünelim. Ahmet Bey’in yatırmış olduğu bu teminat ile açabileceği maksimum pozisyon büyüklüğü 100.000 USD ( 1.000 x 100 ) ‘dir. Maksimum pozisyon büyüklüğünün burada altını çizmek gerekiyor. Çünkü yatırımcıların kullanmış olduğu işlem platformuna bağlı olarak emir ekranında açmış olduğu pozisyonun nominal büyüklüğü de görülebilir, lot cinsinden değeri de. Eğer Ahmet Bey forex piyasalarında en sık kullanılan işlem platformlarından biri olan MetaTrader4 platformunda USD/TRY paritesinde işlem yapıyorsa, emir ekranında “volume” olarak görülen alanda “ 1 “ seçerek 1 lot’luk pozisyon açmış olur. Açmış olduğu pozisyonun nominal büyüklüğü de 100.000 USD olur. Artık Ahmet Bey ‘in hesabındaki 1.000 USD, USDTRY fiyatının her bir pip yükseliş / düşüş ‘ünde 100.000 USD ‘lik bir pozisyonun karını veya zararını içerecek şekilde artar veya azalır.
The majority of people already recognize concerning the ketogenic diet plan – especially if you’re looking at this write-up. Shark Tank Keto Pills could possibly be unfamiliar with some people. However, if you’re active on social network sites, you’ve probably considered Shark Tank Keto Pills adverts. Your interest to understand much more about these keto capsules lead you here. Aside from, you could be struggling with weight-loss, in addition to a choice is all you want. Most keto supplements backlink to a keto diet regime. Keto diet regime, alternatively, is important to every person who would like to acquire ketosis. Ketosis can be a metabolic show whereby your entire body requirements to use fatty acids for vitality as an alternative to carbs. When this occurs, your system will burn up an excessive amount of fatty foods – resulting in body weight lowering. Thrilling, appropriate? On this page, we’ll let you understand about keto diet pills Shark Tank episode and regardless of whether the panel is allotted to Keto Pills. Also, we are going to speak about Shark Tank Keto Pills Events. What’s much more, this article has a location with Shark Tank Keto Pills Reviews – where we have now looked at the tablets. We place the content with FAQs trying to supply you with all the details you have been searching. What is Shark Reservoir? If you’re an interesting of reality Tv established assortment or demonstrates, then you know something or even a great deal about Shark Reservoir. Set simply, Shark Aquarium tank is a truth Television set sequence that display on ABC. The sequence has become accessible since August 2009 till provide. For individuals in the united kingdom, Shark Container is undoubtedly an American Company Tv set up sequence like Dragons’ Den. The show features internet marketers making firm displays for some solar power panel of traders. The Five brokerages then determine if you should put money into their organization. The cast employs their certain bucks to purchase business proposals that attention them. In case the business proprietor includes a dependable services or products or perhaps great business structure, then they’d appear smiling. It’s never simple, though, for dealers to back products suggestions or organization proposals. Shark Tank Keto Pills Episode Shark Reservoir has established 11 months since we initially noticed it on our exhibit screens. The provide has high critiques and was able to succeed the Outstanding Structured Reality Prepare four sequential events. In addition to, additionally, it scoped the 2012-2013 Exceptional Reality Program honor. Since it retains, the present is popular, obtaining about 40000 organizations to utilise in each time of year. Through the thoughts-boggling computer software, about 150 receive the chance to pitch their enterprises. Lots of people never know that not all companies who have the ability to pitch the Sharks get to air flow. Only 1 / 2 of them attain o2. As a result of show’s identification – many organisations wish to hook up themselves or their items because of the Sharks. Yet again, provided that not all people who pitches is likely to make it to ventilation, many people take it for being an benefit to con other folks. It’s evident practically nothing individuals can get all of the assaults, but we recognize the demonstrate is present. Something proclaiming to have got recommendation out of your present can readily deceive us. For example, Shark Aquarium Anna and Samantha Martin are manufacturers that we’ve noticed on several adverts. Both professed to hold acquired their piece on Shark Compartment. It really is apparent they tend not to exist and nearly anything generating the rounds by making use of these titles might be a rip-off. Once you see advertising and assertions which can be too fantastic to be real – you better think again before delivering your credit card information. Never be speedy to be enticed by products mainly because they talk about Shark Aquarium or have test offer you deals and you will pay only for deliveries. Nevertheless, we’ve knowledgeable Shark Tank assaults that indeed got entrepreneurs propose products highly relevant to the ketogenic diet system. These items knowledgeable two Sharks or quite, forex traders demonstrate need for them. Kevin O’Leary, Robert Herjavec, and Daymond John not merely demonstrated interest but spent handsomely towards the products – during period of time nine through 11. Shark Tank Keto Pills Evaluation As the business is loaded with keto goods claiming they do be visible on Shark Fish tank, you must be conscious along with them. What’s worse is the way most of these agencies deprive from naive people. We’ve seen plenty of issues with regards to credit score credit accounts simply getting sustained routinely. Also, you risk your bank account acquiring charged a lot more than the noted volume. Whilst not all firms that attribute on Shark Reservoir get to surroundings – you will find a summary of them on ABC web site. When you study Shark Tank Keto Pills, be mindful with the products which appear. Comprehend when you sign up and then make your get on a large number of artificial companies, you won’t have the capacity to terminate. The websites won’t offer you that solution. You need to cell phone your loan provider or cards issuer and cause them to stop the one thing.
The outside trade business is the “spot” where coinage are exchanged. Monetary forms are essential to the vast majority around the globe, whether they understand it or not, on account of coinage should be traded to lead outside exchange and business. In the event that you are living in the U.S. furthermore, need to purchase cheddar from France, it is possible that you or the organization that you purchase the cheddar from needs to pay the French for the cheddar in euros (EUR). This implies that the U.S. merchant would need to trade the equal estimation of U.S. dollars (USD) into euros. The same goes for voyaging. A French traveler in Egypt can’t pay in euros to see the pyramids on the grounds that its not the provincially acknowledged cash. In that capacity, the vacationer needs to trade the euros for the nearby coin, for this situation the Egyptian pound, at the present swapping scale. The need to trade monetary forms is the essential motivation behind why the forex business is the biggest, most fluid budgetary market on the planet. It overshadows different markets in size, even the stock exchange, with a normal exchanged estimation of around U.S. $2,000 billion for every day. (The aggregate volume changes constantly, yet as of August 2012, the Bank for International Settlements (BIS) reported that the forex business sector exchanged overabundance of U.S. $4.9 trillion for each day.)
Tesla earned $ 143 million in net profit in the third quarter of 2019
Tesla ended the third quarter of 2019 with a net profit of $ 143 million or 80 cents per share, according to the company's statements. Most analysts expected the company to end the quarter at a loss, Bloomberg notes. https://preview.redd.it/1cxiial5rhu31.png?width=1050&format=png&auto=webp&s=1024aa9bba9dc0b3748901f22f6c6e98ba9926c2 Revenues in the third quarter amounted to $ 6.3 billion against $ 6.8 billion a year earlier. The company's revenue year on year declined for the first time since 2012, Bloomberg points out. The last time Tesla made a quarterly profit in the fourth quarter of 2018, then it amounted to $ 139 million. For the first three months of 2019, the loss amounted to $ 702 million. In the second quarter, it decreased to $ 408 million. The company linked profit-making with a reduction in operating costs - they are at the lowest level since the start of Model 3 production, Tesla noted. In particular, in 2019, the company conducted staff reductions and tightened cost control. The company reported: • The balance of money and cash equivalents in accounts increased by 80% compared to the third quarter of 2018 and amounted to $ 5.3 billion. The free cash flow is $ 371 million. • The third quarter was a record for the volume of production and supply of cars: Tesla produced 96 thousand and delivered to customers 97 thousand cars. • The new Gigafactory factory in Shanghai is ahead of the launch schedule and has already begun a trial assembly of vehicles. • Work on the Model Y crossover is also faster than the plan. Serial production was planned for autumn 2020 but will start in the summer. • For 2020, a limited edition of Tesla Semi trucks is planned. • The commissioning of Gigafactory in Europe is planned for 2021. The company promised to announce the location later. Investors positively evaluated the quarterly results of the company. In an additional session, after the close of significant trading, Tesla shares rose 20% to $ 306 apiece. You can find more information about the stock market, commodity market, and FOREX on the ITRADER site. This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. Past performance is not a reliable indicator of future results. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.16% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Legal Information: ITRADER is operated by Hoch Capital Ltd., a Cypriot Investment Firm (CIF), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 198/13, in accordance with the Markets in Financial Instruments Directive (MiFID II).
I have his approval to mirror his Twitter threads on Reddit.
James has retweeted a link to this post.
Links to reddit posts are easier to share when compared to twitter threads.
I'd quoted a specific tweet of his - to give him credit. It was taken down by mods stating that his Twitter account was unverified and I needed to remove the link to his tweet. Anyway, the intent was to share the fact-based rebuttal to the govt narrative.
If you have any queries related to this post, please address them directly to James Wilson on twitter.
NOTE: I did not write this article below. I simply copy and pasted the article. Please click the following link to view the entire article. The article includes charts and images which were not transferred to the text below. https://steemit.com/cryptocurrency/@lennartbedrage/the-ripple-xrp-effect-fundamental-analysis The Ripple(XRP) Effect - Fundamental Analysis: lennartbedrage44 in cryptocurrency ripple.jpg Lately, there’s been a tremendous amount of buzz around Ripple(XRP), but is it only because of the massive growth we’ve seen in the past few 30 days, or is there something more? In this article, I’ll dive into a brief back ground of Ripple, objectively examine the arguments for and against it, explore its potential from a economic standpoint, then close with potential threats to your investment and a summary. Meet Ripple(XRP)- Released in 2012, Ripple aims to enable “secure, instant and nearly free global financial transactions of any size with no chargebacks” through their real-time gross settlement system (RTGS) and currency exchange and remittance network. Ripples distributed open-source internet protocol consensus ledger was created as basic technology for interbank and regulated financial institutions to integrate Ripple into their own systems. This differs from the Bitcoin full node and other crowdsourced altcoin consensus networks in several ways: Ripples common shared ledger is a network of independent validating servers which compare their transaction records, rather than the full network of nodes coming to consensus prior to each transaction, enabling faster transaction speeds. Although their protocol is open source, it was not created as a plug & play solution, like bitcoins full-node software, nor does it rely on crowd-sourced support. Unlike Bitcoin, Litecoin, Ethereum, and other Alt-coins, Ripple is recognized as legal tender by several governments, which gives it instant liquidity via financial institution, as well as purchasing power over material goods. Because of this, it cannot be evaluated in the same ways as other coins, which are largely evaluated based on assumptions & speculation. In terms of value, it’s more like cash than a commodity. Because of this, it is evaluated in a much different way than Ethereum(ETH) and other alt-coins with intrinsic value, but is accepted much more rapidly because it’s easy for the mass-market to understand. Remember: without market acceptance, there is not value, regardless of how innovative something may be. Just 4 short years after its release, on 01MAY17, Ripple announced that a consortium of 47 banks have successfully completed a pilot implementation of Ripple in Japan, making it the first country in the world to enable domestic and international real time money transfers via the cryptocurrency. This event lead the XRP value to sky-rocket from $0.051580 USD to an all-time high of $0.430085 in just 16 days… but why? Is it 100% speculation, or is there something else going on here? “It’s not a real cryptocurrency!” Or is it? Well, those whom bring this argument to the table are probably referencing facts that I’ve mention during my introduction to Ripple: Its a centralized and regulated crypto-currency which does not need global consensus for transfers, and it is built specifically for (and potentially by) financial institutions. Though a lot of the Anarcho-Capitalists may want to steer clear of this one due to its highly regulated nature, regular capitalist may believe these core differences to be its greatest strengths: Regulated - As I mentioned in my analysis on Ethereum(ETH), Bitcoin’s lack of regulation was likely he reason (or at least, that’s what they told us) that the proposed ETF failed to pass the SEC’s evaluation several months ago. If adhering to some sort of trusted regulatory standards, this could drive federal confidence, which in turn drive bank and lending institution faith…trickling all the way down to the consumers. This insures rapid mass market acceptance. Consensus - As mentioned before this is much different process than Bitcoin’s global consensus, which means that transaction times are nearly instant regardless of volume transferred. Additionally, all transfers adhere to distributive ledgers DLT standards, which is a requirement for many financial institutions to be insurable. Institutional Management - You’ve probably guessed this one already. Although the demand and speculative value is driven at some capacity by ‘the people’, this currency is about as close to the World bank and SWIFT as you can get. This is largely due to the amount Deliberate - It feels like a big bank, because it is. Ripple was built specifically for the financial markets, which is why they specifically targeted regulatory compliance. shutterstock_289877267_long_read_cover_large.jpg Economic Value As mentioned in the last point, Its easy to see that Ripple offers tremendous value to financial-institutions and retail investors. These two groups make up 358 billion (numbers from 2013) non-cash cross-country annual transactions, and the FOREX market which sees more than $5.1 trillion $USD each day. Per a report released by Capgemini and The Royal Bank of Scotland, this is growing at an average rate of about 7.5% each year globally, though China and other Emerging Asian economies have been leading the charge at around 21%. Seems like a lot, right? Well, for sake of uncovering the immediate value of XRP, we will zoom into the recent adopters of the distributed ledger technology: Japan, India, and the Central Europe, Middle East & Africa(CEMEA) regions. Japan.jpg Japan is the third largest economy in the world by nominal GDP ($6.11 trillion), fourth by purchasing power parity(PPP) and second largest developed economy. Currently, their GDP per capita is roughly $48,412 (vs $56,430 in US) and their major trade partners include the US, China, Hong Kong, Australia and South Korea. Japan GDP.png Aside from the speculation that they maybe soon pressure their trade partners (excluding the US and China) to adopt a system which allows for instant, near free transfers of funds, here’s where it gets interesting for the immediate future: Japan has already started accepting Ripple(XRP) as legal tender. If Ripple raises to just 25% of the overall transaction volume of P2P, P2B & B2B within Japan itself (represented in the chart by Other Services, Real Estate, Retail, Transport, Communications, Finance & Utilities) which is equal to about 20% of their overall economy, Ripple would be handling roughly $1.27 trillion USD in Japan – alone - every year. To put that in perspective, the current (at the time of writing) market capitalization of Bitcoin(BTC) is $30.7 billion USD (or >0.4%). Unlike Bitcoin, Ripple is legal tender which means that it can be exchanged for material goods and services, which means that it’s likely to have explosive acceptance in the local area. India.jpg India-based Axis Bank announced in April that they will soon begin leveraging distributed ledger tech for cross-border transactions and to make banking simple and convenient for their customers. About 15 days’ prior, another large financial institution, Yes Bank, also announced that they would be adopting Ripples ledger for the same reasons. If Ripple continues to grow in acceptance at this rate in India, we could see another economy, roughly 1/3 the size of Japan’s ($2.074 trillion USD) add to Ripples annual transaction value. Now, from an economic stand point, this is most interesting because agriculture represents more than 50% of India’s employment, which means that India would be the 2nd case of consumer trading Ripple for staple foods. India GDP.png It is likely that Ripple will not handle as large of a percentage of overall transaction volumes in India because only two major banks have adopted this currency and it is not the only Crypto. The latter is probably one of the most important variables, as this means that Ripple will be duking it out for market dominancy. As all of my projections are fairly conservative, I would estimate that Ripple will handle roughly 10% of India’s over all transaction volume in the next 365 days, equal to roughly $311.1 billion USD. One last thing that I would like to mention is that India is literally the ‘I’ in BRIC and roughly 13% of the BRIC countries total output. If the BRIC comes to fruition, India may be able to convince it’s other close trade partners to jump on the XRP-Train as well. Dubai.jpg Abu Dhabi Bank, the National and largest bank of the UAE, has already begun offering cross-border transaction services with Ripples distributive ledger technology as well. As they deal extensively with their middle eastern neighbors, such as Saudi Arabia, and Qatar, the UAE is likely to set a trend for other CEMEA countries to follow. UAE GDP.png This might be a surprise to some people, but Dubai’s largest industry is the energy sector (shocker!) followed closely by Real Estate and their Finance industry (double shocker!). Although their GPD is much smaller than Japan and India’s (about $370 billion USD), I am anticipating Ripple to handle a larger percent of the UAE’s transaction volume (31.11%), especially in the finance, Real Estate, Retail and Logistics industries. This is due largely to the fact that their population is only roughly 9.157 million, but most Abu Dhabi nationals are very financially inclined (or at least heavy spenders). Potential Threats As this threatens SWIFT (unless they are completely on board) and the US dollars’ supremacy in the economic & financial markets, I would not be surprised to see a false flag attack, in which the NSA attacks Ripple and blames it on North Korea or China. Frankly, this would be a cake walk compared to Stuxnet or WannaCry and they could probably hand the task to an MIT intern. Where semi-centralization is Ripples strength in terms of transaction speed and regulation, it is also the biggest security flaw and may open it’s user to some heart ache, hair loss and heavy drinking over the next several years. Possibility So, what is possible in terms of value over the next few years? Well, if we consider the following scenario: XRP accounts for roughly 20% of Japan, India full GDP, but 31.1% UAE’s GDP ($7.152 Trillion USD) total exchange volume in the next 2 years Max XRP Supply stays at 100 billion No other countries adopt XRP (not likely) No hacks or other catastrophic events remove confidence Exclude speculation, demand, rallies, and GDP growth projections for each country Then we’re looking at each Ripple(XRP) market capitalization over ~$1.75 Trillion USD, making each coin $17.52 in real value. This means that if you were to invest today at $0.362794, your ROI would be about 4,989%. That said, I think that it’s likely it will go over $30 in the next 2 years, due to speculators flooding the markets and other countries signing up. Again, these are conservative numbers are based on total transaction value in USD equivalent. For those whom subscribe, I will update as new variables are available to my appraisal Bottom Line Although it was most definitely created by an insider of the banking industry and does not ‘feel like a crypto’, I personally feel that due to its rapid market acceptance, liquidity and position as legal tender in 3 large economies, Ripple(XRP) is both primed for explosive growth in the near future and likely to be one of the safest value based Crypto-investments we can make today. Another thing, China is the anchor of the West Pacific, so we should all watch their evaluation of Ripple, very closely. If they were to jump on the XRP-Train, you are likely to see Australia, South Korea, Indonesia and Singapore do the same. If you enjoyed this article, be sure to share & subscribe, as I have kept my proprietary models and will update as major events and additional countries begin to adopt this currency. If you feel that I have missed something or am just flat out wrong, please be sure to let me know in the comments below! Planned articles for the next 14 days: ICO advice from a Venture Capitalist (Follower Request) Paper Wallets (Follower Request) VIVA Analysis (Follower Request) Segregated Witness(Segwit) : Friend or Foe? A Kraken ate my gains... Fundamental Analysis: Stellar Lumens(XLM) Dual-Citizenship and Banking in Panama Rich vs. Wealthy All analysis, numbers and projections are my own. Core information was gathered from reliable sources, such as the World Bank, IMF, CIA world fact book, eia.gov and more.
https://preview.redd.it/fsjc1w0q8jr11.jpg?width=1590&format=pjpg&auto=webp&s=00099197b71aea50a43f32219cc36f8fa7c8bf7d Background The use of cryptocurrency is spreading fast among business communities around the world. One niche with great potential for cryptocurrency use is the market of traditional tradable assets of foreign currencies, shares, bonds, interest rates and minerals. As soon as the right regulations on blockchain are put in place, traders will be able to use cryptocurrencies such as bitcoin to trade assets. The doors will be wide open for institutional investors, international manufacturers and merchants to start using cryptocurrencies for transactions. Paying for delivered products with cryptocurrencies will greatly reduce transaction expenses since the system is fast, secure and free of additional fees. These qualities will enable buyers and sellers in these markets to guard against risk and save a little cash. You can imagine the asset demand the use of cryptocurrency in the stock markets would create. The volume of speculation and hedging operations of traders will grow significantly. Combined with high-frequency robots and trading algorithms that help perform transactions faster and more accurately, the market volumes and the income of trading platforms is bound to skyrocket. Market analysis As per the Bank for International Settlements (BIS) over the counter derivatives were traded for a whopping $632.5 trillion in 2012. In the same year, traditional exchange markets garnered $52.5 trillion. When the two are compared, the former made 92% of the global derivative market while the latter only made 8%. For comparison According to WTO, · Global commodity trade made: $18.255 trillion in 2011, $18.323 trillion in 2012, · Service trade made: $4.2433 trillion in 2011 and $4.4232 trillion in 2012 These values are still way behind the derivative market trade volumes. What are the challenges? Delving into the asset markets with cryptocurrencies as a means of trade comes with a few challenges. For one, it is difficult for private persons with small investments to access these markets. And even if you were a big corporation, there is currently no opportunity to trade with exchange asset derivative instruments that are expressed in cryptocurrencies (Bitcoin, Ethereum, Litecoin.) How Traditional Stock exchanges work Trading is carried out with the use of fiat currencies and is performed through brokers. The brokers work for huge corporations hence the high expenses and large volumes of transactions. The volume of one trade at exchange markets with the real delivery of currency on the second working day could make up to about $5 million. On the other hand, the cost of one conversion transaction makes from $60 to $300. On top of these costs, a trader could spend up to $6000 a month for interbank information and trading terminal. This is obviously not conducive for small-scale traders. In order to curb the high costs of trade, two American stock exchanges, CBOE and CME introduced trade with futures for BTC at the end of 2017. The only problem is that they impose high requirements on the lot size. Another challenge is that futures at these stock exchanges are calculated and not delivered hence trade participants cannot actually buy BTC. Curbstone brokers Curbstone brokers or otherwise known as ‘bucket shops’ are forex brokers who offer clients small transactions without registering them with the interbank market. The brokers act as an opposite side in a transaction which means that the client's profit turns out to be the broker’s loss, and the client's loss - into broker's proﬁt. This conflict of interest has resulted in brokers manipulating charts to make transactions of their clients unprofitable. Bucket shops do not publish reports on transactions, which makes activities of such brokers non-transparent. Of late, many of them have begun offering trade with cryptocurrencies. It makes trading flexible but not ethical and trustworthy as it is with the traditional stock exchanges. As a matter of fact, this lack of trust in curbstone brokership has led to their ban in some countries where they are considered fraudulent. So what is the solution? Cryptocurrencies have enabled ordinary people and investors to save and grow their money discreetly away from unfair control or seizure by state regulatory bodies. The use of cryptocurrency in the blockchain network is a powerful expression of freedom that should be spread across all trading platforms. In this regard, we believe in the development of future exchange asset derivative instruments that make use of the available cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and other high-liquid cryptocurrencies. This will make bull or bear traditional assets widely accessible to professionals and beginning traders. More importantly, there will be lower transaction fees about 0.05% when compared to spot exchanges (Bitﬁnex, Binance, Kraken, and Poloniex) that charge in the range of 0.1 to 2%. BITEX.ONE BlTEX.ONE is one such innovative trading platform that allows for international trading with assets expressed in cryptocurrencies with a transparent transaction system for the customers. It also has anti-fraud prevention measures to guard against chart manipulations. The platform allows traders to increase their Bitcoins by speculating on the changes in the price of accessible traditional exchange assets such as the dollar, the euro, gold, oil, beans, cocoa or share indexes. Mission Our greatest mission is to bring the usage of blockchain and cryptocurrencies into the trading arena. We believe that the creation and functioning of the BITEX.ONE platform for trading with futures on traditional assets would achieve this. The growing popularity of cryptocurrencies in many developing countries will soon provide them with a legitimate status through effective legislation. When this plane takes off, we want to be ready with an elaborate platform for institutional investors to use cryptocurrencies as investment instruments. Working with futures on traditional assets will create an opportunity for investors to make substantial proﬁt for their customers.
Overview of Current Market Valuations and Toyota Motors (TM)
Hello All, Every now and then I do stock screens to see if there are any companies that would be a good value investment. Thanks to the bull market, the opportunities have been few and far between over the last year or two. However one company has consistently popped up in my screens. I initially ignored it as the company is in a sector I personally don't like to invest in due to the large capital requirements. The company is Toyota Motors (TM). Simply put, the valuation seems too good to be true. First off, let me show you what I am talking about. Here are the heat maps from FinViz:
Now as you can see, the general trend of the market is giving you discounts to Financials, Utilities, and Basic Materials, more specifically oil and gold. Of those sectors, I really only like Financials as big oil has been in a downward trend over the past three years. Both Exxon and Chevron have produced less oil than the previous years and are both spending at near record high CapEx levels with no turnaround yet. I have continuously looked at both of them as I don't have any oil in my current portfolio, but haven't got myself to buy either of them. Financials will continue to be attractive at these levels as investors still don't trust their book values since the financial crisis even though asset quality has continued to improve on a broad base. Over the next 5 years, interest rates will rise which will increase their spread which in turn increases their profitability. For the most part, it appears healthcare, consumer goods, and services are currently overvalued. Now, let's look at Toyota. Below is a quick multiples valuation against TM's peers. These are from Yahoo! Finance as GM isn't on FinViz for some reason. P/E
Toyota Motor Co. (TM): 7.81
Honda Motor Co. (HMC): 10.87
General Motors Co. (GM): 15.11
Ford Motor Co. (F): 8.65
Toyota Motor Co. (TM): 9.11
Honda Motor Co. (HMC): 9.30
General Motors Co. (GM): 7.35
Ford Motor Co. (F): 7.90
Toyota Motor Co. (TM): 0.29(!)
Honda Motor Co. (HMC): 0.37
General Motors Co. (GM): 0.52
Ford Motor Co. (F): 0.97
Toyota Motor Co. (TM): 1.02
Honda Motor Co. (HMC): 0.91
General Motors Co. (GM): 1.34
Ford Motor Co. (F): 2.91
As you can see, the whole sector looks cheap on a multiples basis, but of that bunch Toyota seems to win out on an overall valuation based on multiples. Per my own investing rules, as I am a long term shareholder, I won't touch a company that has recently been bankrupt, therefore I rule out GM for any potential investments. Now Toyota is too big of a company to do a full report on in a couple of days. However, of what little research I have done, this is what I have found. First of all, on a macro perspective, the yen has weakened against both the US Dollar and the Chinese Yuan. Over the past two years, the Dollar and Yuan have both gained over 30% to the yen and over 10% this past year. This is a great thing for a Japanese multinational as North America and Asia is TM's second and third largest markets which combined are 46% of 2013's sales.
Because of this, profitability should be higher within Toyota which is also a reason to buy them over GM or Ford as the american automakers will lose money with a strong dollar overseas. Over the past three years, TM has a Compound Annual Growth Rate (CAGR) of 5.12%. Last year, North America saw 32.8% sales growth and Asia saw 30.22% sales growth. This compounded with the yen weakening is a one-two punch. Due to the strong demand in both North America and Asia, Toyota has had a surge in Consolidated Net Income for Fiscal Year 2014 of 135% in which ForEx is responsible for 123% of that growth alone. In this latest quarter, Net Revenues are up 23.9% with Net Income up 118%. Toyota's Shareholder Presentation Margins have increased across the board with their Gross Profit increasing from last year: TM's Gross Profit Margin
As for a quick look at the balance sheet, Toyota has been de-leveraging over the past 5 years with Total Debt / Equity of 1.25 in 2009 to 1.16 in 2013. Book Value per Share has stayed relatively flat but grew 15.14% from 2012 to 2013. Compare that to a one year increase in share price of only 12.25% I believe we have a winner. This is only what I have found off of a couple hours looking at this tonight and have only scratched the surface as to the information on this company. However after just a small amount of research I firmly believe this is a truly undervalued company and should be bought right away. References: Quick Stats pulled from TM's Annual Report EDIT Thank you all for the replies. I should state that this is just beginning due diligence and there are several assumptions with this thesis, mainly that the Yen will stay depressed at least over the next year. This type of condition is a short term catalyst only and not a long term theme. As some have mentioned already, FX has been almost entirely behind TM's profit and there are real geopolitical risks between Japan and China. Next week I will put together another post looking more into the actual underlying company's long term performance and management's strategic plan going forward. That way we can get a glimpse of what the company might look like in the future. Again thank you all for the kind words and the intelligent discussion around this topic.
I don't have a ton of money (student) but I've been learning the ins and outs of investing for the past 3-4 years. However, I've only focused on US equities and options, Forex, and real property, so I have next to no knowledge about cryptocurrencies. I know the absolute basics--mining, difficulty, etc, but that was from when bitcoin was still very new. I think I started mining for like a week in 2012 or 2013 and then didn't quite understand where the value came from because it was so different from real currency. I'm nowhere near investing in crypto right now, but I'm starting to believe that this is the future of currency, so I want to start learning as much as I can. The problem I'm having is just the volume of information out there, coupled with the fact that it's still in its infancy. With equities, it wasn't hard to look at traders and investors who had outperformed in a lot of different market conditions and then read what they wrote, and read what they read. With crypto, I don't know where to start. Can anyone recommend a book or two for beginners? I'm not looking for a list of 30 resources, I have a tendency to open all the links and then get overwhelmed. I'd rather look at one or two really comprehensive sources and as I start to develop my own questions, I can track down the information I need. Thank you!
Welcome to /CanadianInvestor! This is the expanded version of the sidebar to further explain some of the features of these links >Resources - Standard websites used for investment products besides Mutual Funds
TMX Money - Used for stock ticker quotes. has news on the front page as well as index performances. contains top market movers by volume and currency/commodity prices. this website is good for looking up tickers and viewing their valuations, graphs, news, location of headquarters and the tickers home website.
Currency Exchange - This is the Canadian Forex website where we can check out performance of currency for day to day reference
Stockchase - Could give you good or bad reasons to buy a specific stock from an educated perspective. like anything on the internet, it cant be taken seriously but it might shine light on something you may have not known about
>DefinitionsFinance - Common Terms - This has every term you need to know about finance >Couch PotatoBeginner Fundamental Index Investing - the go to strategy for setting up a starting portfolio to gain the average market performance >DRIPDividend Reinvestment Explained - dripprimer.ca which explains dividend investing. whole shares are only able to be reinvested unless you are enrolled privately through a company agreement to have partial shares reinvested >Risk in StocksUnderstanding your risk - common question in market exposure is sometimes how exposed do you want to be and what is comfortable for your situation. your tolerance level. www.getsmarteraboutmoney.ca has other investment ideas for planning purposes >TFSA InfoCanada Revenue Agency - common Q/A on TFSA's answered which should provide the information you need on withdrawing and contribution limits >Foreign TaxWithholding Tax - US listed companies or investment products (etfs) are subject to withholding tax unless they are held in an RRSP. this explains foreign withholding tax and what it means for your investments. >SEDARLegal Financial Statements submitted mandatory by companies
May 13, 2012 #7 JessForex said: Hi Magician! Can you see volumes in the platform that you use? If not, you should switch to a platform that does display and supply the volume. Forex trading volumes are the highest turnover than the rest of the financial markets. You can use the futures market to obtain a good estimate (but not necessarily accurate) level volumes. Good Luck and Happy Trading ... “We are pleased with how we have weathered muted foreign exchange markets in 2012 with our overall retail volumes decreasing only 5% to $3.6 trillion despite a 23% decline in average daily volatility to multi-year lows, as measured by the CVIX(3),” said Drew Niv, President and Chief Executive Officer. “In particular, in 2012 we were very successful in attracting larger customer accounts ... Grootste forex makelaars volume 2012 aanvaar YouTube onlinemake geld handel notas VPS forex handel Cys sekuriteite en exchangemission fabriek K, soos deur die Securities and Exchangemission op 15 Maart, 2012, en sluit in, maar ~ 30x toename in daaglikse kleinhandel forex volumes oor die afgelope dekade ;. Forex daaglikse handel volume 2012 Die ... on February 08, 2012 Updated On Jul 22, 2020 1. Why is volume important to understand? 2. Is Forex volume reliable? 3. Tick Volume FAQs. For a currency to be traded and for its price to move from one level to another, volume is required. Or put another way, volume is the gas in the tank of the trading machine. However, volume has often been overlooked in the study of Forex charts. The focus ... Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. *Increasing leverage increases risk. GAIN Capital Group LLC (dba FOREX.com) 135 US Hwy 202/206 Bedminster NJ 07921, USA. GAIN Capital Group LLC is a wholly-owned subsidiary of StoneX Group Inc ... Dezember 2012 - Forex Magnaten wird mit einer Zusammenfassung der ereignisreiches 2012 Jahre und möchte seinen Lesern Institutionelle und Private Forex Volumen im Jahr 2012 zu behandeln. 6. Mai 2014 - DMM Markets FX Volumes im April fallen 9%, den tiefsten Wert seit Dezember 2012. Freisetzung von Volumenzahlen für April an der zweitgrößte BIZ-Quartalsbericht, März 2012. 33 dürfte ... Investing on Forex market is not suitable for all investors. Blog, Comments and Opinions published at ForexVolumes are those of the individual persons and may not represent the opinion of ForexVolumes or its authority. ForexVolumes do not verify the accuracy of published news of any claim or statement made by any independent author/company. Any public opinions, forex analysis, forex research ... The Aggregate Forex Market Volumes. All organized exchanges report daily the aggregate number of traded financial assets (contracts, shares, etc.). On the contrary, the Foreign Exchange market is an OTC (Over-the-Exchange) decentralized market and that means measuring the aggregate volumes is a very difficult task. The Bank of International Settlements (BIS) offer some insight regarding ... Retail forex giants aren’t doing any better. As I mentioned last month, FXCM saw an 18% decrease in September 2012 compared to a year before. Meanwhile, Gain Capital saw its retail trading volume drop by a staggering 38% year-on-year in Q3 2012. There are a hundred possible explanations for the significant decrease in trading volume, but I have narrowed it down to three main reasons. CME’s forex volumes kept their downward trend in July 2012 dropping as much as 24% comparing to June 2012 and 9.5% comparing to July 2011. Some forex brokers however cautiously report slight growth in volumes since Q1. CME Group, the world’s leading and most diverse derivatives marketplace, today announced that July 2012 volume averaged 10.4 …
Live Forex Day Trading / Volume Distribution Chart
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