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InvestmentGBPUSD Short Idea by Ronald85roy(op): 6:19am On May 08, 2023
GBPUSD SHORT Opportunity

Hello FX traders, here's a chance to Sell the GBPUSD pair.
Despite the BIG rise recently, the price behavior showed some weakness since the beginning of this year, as it started to show lower highs and lower lows.

What reinforces the expectations of the decline are the fluctuating conditions in the United Kingdom, which will be reflected sooner or later in the pound sterling price against the rest of the currencies.
In this analysis, I rely on the trend line drawn above the price, in addition to the price being the May 2022 peak (1.26500).

The opportunity will be active when the price hits 1.2650
TP1: 1.2470
TP2: 1.2280
SL: 1.2730
Goodluck.

BusinessGBPUSD - False Break Of Up-trend Resistance by Ronald85roy(op): 11:37am On May 05, 2023
GBPUSD is forming a strong uptrend. The news on Wednesday had a positive effect on the currency pair and thus the British pound was able to strengthen.

TA on high timeframe:
1) A prolonged uptrend, but not as active. An accumulation is forming, but at the same time the price is at multi-month highs.
2) There is a strong support base of 1.24500 for the price on the high timeframe, if the buyers hold this area, the pound will continue its course.

TA on the low timeframe:
1) An upward price channel is forming, the price is essentially squeezed in a range
2) False break of the resistance at 1.25837, which forms a technical pullback.
3) If the price fails to break the resistance on the retest, it will continue its way to the support at 1.24537

Key resistance 1.25840
Key support 1.25500, 1. 24500

BusinessFOC MEETING Incoming GBP May Fly! by Ronald85roy(op): 10:54am On May 04, 2023
FOC MEETING Incoming GBP may fly!
1.2440 is the recent pivot low and price shows bullish momentum upside!

Market anticipate the FED is going to end the rate hiking in the future, therefore all the major pair will move up Long GBP and aim 1.30!

BusinessBtcusd H8 Xabcd Best Level To Buy 20% Gains by Ronald85roy(op): 6:14am On May 03, 2023
🔸Hello guys, today let's review8hours/candle price chart for BTCUSD. Speculative XABCD setup
in progress with entry strategy (reversal) at point D. right now pullback in progress but the pattern
is almost complete with point X/A/B/C in place and point D still pending.

🔸Pattern structure is defined by point X at 26825, point A at 30320, point B at 27445, point
C at 29565 and finally point D at 25840.

🔸Recommended strategy bulls: the overall outlook is bullish and I recommend to focus on buying
low near point D/PRZ after the pullback/correction is over later in May 2023. best reload bulls at
point D at or near 25 840 USD. conservative TP bulls is +20% gains, near 31 000 USD. SL 5%.

🎁Please hit the like button and
🎁Leave a comment to support our team!

RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

BusinessEUR/USD Drops As USD Strengthens During Holidays by Ronald85roy(op): 7:57am On May 02, 2023
Early Monday, the EUR/USD reached a new intraday low as the bears targeted the 1.1000 round figures. The US Dollar gained strength due to sluggish market activity caused by holidays in many bourses. Keep an eye on the First Republic bidding results to join in on the hawkish Fed bets that may further pressure the EUR/USD before the crucial monetary policy meetings. From a technical perspective, the EUR/USD is approaching the previous support area at 1.09600, where it may encounter a demand zone and rebound to continue growing towards the target of 1.1100

InvestmentBitcoin Danger Zone!! Assessing Bullish And Bearish Arguments For BTC Price And by Ronald85roy(op): 7:42am On Apr 30, 2023
My price target WAS 34k, with the INV HNS pattern. But we have problems

Bullish argument:
INV HNS
Weekly 30 and 50 cross
MACD in the green

Bearish argument:
Reversal divergence RSI daily and 4hr
Low volume
Expanding wedge/ bear flag
Fake out 27/04/23- shows bullish weakness
Currently forming bearish HNS

34 K is still possible, but BTC needs a pullback for RSI to reset. 24k, 22k possible. If so, expect alts to bleed HARD with BTC dominance so high, USD dollar looking for a bounce, and general recession data. Also possible is a new yearly low, it’ll take time, wait for the pullback to confirm, but 10k is the current WCS.

I was really hoping for 34k. Oh well…

BusinessGBPUSD, Consolidation Before The Reversal? by Ronald85roy(op): 7:22am On Apr 28, 2023
GBPUSD / 4H

Hello traders, welcome back to another market breakdown.

GBPUSD has been trading in a consolidation around a Key level. The market now is in 50% chance to break higher or lower.

I'll be looking for the short side as it holds low risk and high reward.

Trade safely.

Nairaland GeneralEURO - Price Can Bounce Of Resistance Area And Start To Fall by Ronald85roy(op): 7:04am On Apr 27, 2023
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in the comments👊

When the price started inside from the rising channel, it broke $1.0830 level and reached $1.0925 point.

But then Euro started to decline and fell below support level, thereby exiting of channel.

Then price entered to triangle, where it started to grow, backed up, and reached $1.0975 point.

Next Euro bounced down, exited from triangle, and declined to support level which coincide with support line.

After this price made upward impulse to resistance area, thereby breaking $1.1010 level.

And later Euro declined to support line, but a not long time ago backed up and now trades close to area.

Possibly price bounce down from area, broke support level, and fall below support line to $1.0955

If this post is useful to you, you can support me with like/boost and advice in comments❤️

BusinessRe: Forex Trade Alerts: Season 23 by Ronald85roy: 8:42am On Apr 26, 2023
Great tips! Thanks for sharing. Looking forward to learning from experienced members in the FTA community. Happy trading in 2023!
BusinessRe: Game Changer AI Robot Disrupts The Forex Market - See Proofs of Wealth by Ronald85roy: 8:24am On Apr 26, 2023
Using forex EAs, such as the AIR Robot powered by Artificial Intelligence, can be an interesting approach for traders looking to automate their trading strategy. It's important to thoroughly research and test any EA before using it in a live trading environment. While some EAs may show impressive results in backtesting or demo trading, it's crucial to exercise caution and consider factors such as risk management and market conditions. Additionally, always choose a reliable broker or trading platform, such as AssetsFX, for accurate market data and a secure trading environment. Remember that there is no guaranteed way to consistently profit in the forex market, and proper education and experience are essential for successful trading.
Nairaland GeneralAUDUSD Will Try To Reverse To The Upside After Touching 78.6 FIB by Ronald85roy(op): 6:15am On Apr 26, 2023
AUDUSD has been very volatile lately - to the point where it zigzag by 1000 pips.

This time it finally touched 78.6 FIB retracement, a very significant support this past few weeks.
0.660 is historically firm at this level, a major order block support. Expect buyers to come at this price range.

TAYOR 0.66

safeguard capital, always.

Nairaland GeneralAUDUSD Short Opportunity by Ronald85roy(op): 6:34am On Apr 20, 2023
AUDUSD recently made a double top at the resistance level .

The price broke and closed below the ascending channel.

The market is consolidating on the 4H timeframe, and price likely will retest the support by creating AB=CD pattern.

We expect a bearish move.

Nairaland GeneralEnough Confluence For A Long Position? by Ronald85roy(op): 7:12am On Apr 03, 2023
My mentor, and I have a totally different bias on AU. I heard him out, and watched as he charted both sides. His main confluence was a bearish engulfing candlestick on the monthly chart. Pushing him toward "sells" only in the month of April. While that can be intimidating, on the technical side, along with his other confluences, I see potential continuation of an uptrend ; due to Australia raising interest rates! , I decided to soak in his bias, and counter his bias, with my own. Knowing fundamental analysis is usually the total opposite I decided to share why AU may go up, While the USD is strengthening, the Australian Dollar may go "Long" going into Monday.

Nairaland GeneralGbpusd Trade Idea / Day Trade by Ronald85roy(op): 10:13am On Mar 24, 2023
According to the confirmation that will take place, this trade suggestion for the GBPUSD Day Trade Trade is to Buy in the Order Block Area TF5M Near Sell Side Liquidity (SSLQ) of the Asian session with a range of 1.22674 to 1.22614.

-This exchange is for news on Event UK Retail Sales.

-Risk Reward 1:3

Nairaland GeneralWill The Forex Market Ever Go Away? by Ronald85roy(op): 1:09pm On Aug 19, 2022
The short answer to whether or not the forex market will crash or not is yes and no. considering that the forex market is the largest financial market in the world, the market as such will most likely not crash but specific currencies might crash at any time without warning.

Such a crash is called a flash crash and the crash of one currency can cause the crash of several other currencies along with it.

P.S: If you're fed up with slow trade executions, then buckle up as AssetsFX is currently offering lightning-fast trade executions along with an ultra-wide range of trading opportunities!

Difference Between Forex and Stock crashes

Stock market crashes are very different from forex market crashes. When there is a stock market crash, in one particular blue chip stock, it can affect the majority of the stocks that make up the index in a negative way, and this holds true for all stock markets and indices.

Forex market crashes, on the other hand, affect a single currency such as the British pound, US dollar, etc. This can force the investors to sell off the currency in a hurry, hence decreasing the value of the currency.

However, there is an upside to this. For example, if the British pound crashes all of a sudden, the investors will try to sell it to people holding another valued currency, say the US dollar.

So when this happens, the British pound might get depreciated extremely, but this also appreciates the value of the US dollar as much as well. The fact that the forex market is made of several currency pairs ensures that the forex market on the whole never crashes.

The Causes Of Currency Crashes

There are two main types of crashes that can happen in the forex market: flash crashes and long-term crashes. Flash crashes take place in seconds, but the good news is that they last only for an hour or so. Long-term crashes on the other hand can last for months, or probably even years. Whichever crash it may be, the investors holding the crash can incur major losses, sometimes even getting their entire account wiped out.

Long-Term Currency Crashes

These types of crashes are usually related to the socioeconomic environment of the country and they usually last for a very long time. Some of the causes of such a crash include a government coup, massive economic challenges in a country, and hyperinflation. They usually occur when an autocratic government refuses to accept investors into the country, and because of the lack of strong institutions and the autocratic government making unpopular policies, leading to a slow but inevitable currency crash in the forex market.

Flash Crash

The flash crash is the most dangerous of the two because the effects of a flash crash can be completely unexpected and therefore a large amount of money might be wiped out of the people’s accounts who have that currency pair. There may be no underlying cause for this either, and this makes flash crashes all the more dangerous.

I think I was given here a lot of information. If have any comments, then write below.
Nairaland GeneralHow Much Volume Is Traded Per Day In The Forex Market? by Ronald85roy(op): 12:51pm On Aug 19, 2022
The worldwide 2021 forex market is worth $2,409,000,000 ($2.409 quadrillion). $6.6 trillion on average every day is traded on foreign exchange markets.

This is significantly higher than the previous analysis done by the Bank for International Settlements (BIS) in 2016 when it was valued at $1.934 quadrillion dollars.

The forex market is the largest financial market in the world in terms of trading volume, liquidity and value. Unlike other markets such as equities, the forex industry is the only financial market with 24/7 availability.

P.S: If you're fed up with slow trade executions, then buckle up as AssetsFX is currently offering lightning-fast trade executions along with an ultra-wide range of trading opportunities!

Spot forex is the most popular asset class with $2 trillion worth of spot transactions traded daily in foreign exchange markets. After spot fx, the instruments with the largest daily turnover are:

Forwards $1 trillion

Foreign Exchange Swaps $3.2 trillion

Currency Swaps $108 billion

Options and others $294 billion

As the largest financial market in the world, forex market participants are mainly financial institutions such as hedge funds, investment managers, multinational corporations, as well as commercial, investment and central banks.

Retail forex trading only accounts for a mere 5.5% of the entire forex market globally.

The majority of forex trading is facilitated in five major financial hubs around the world, with 79% of forex trading occurring in the United Kingdom, United States, Hong Kong, Singapore, and Japan.

The UK is by far the largest fx trading center, contributing to 43.1% of the world's foreign exchange turnover.

With the recent rise in the popularity of Forex trading in Asia, China has increased from the 13th to the 8th largest forex trading center in the world.
Thanks for reading!
Nairaland GeneralBitcoin Price Won’t Go Down Quietly: Key Supports To Watch! by Ronald85roy(op): 1:27pm On Aug 18, 2022
Bitcoin extended losses below the $23,650 support zone against the US Dollar. BTC must stay above $23,200 to avoid more losses in the near term.

Bitcoin remained in a bearish zone and traded below the $23,650 support. The price now trades below the $23,650 level and the 100 hourly simple moving average.

There is a connecting bearish trend line forming with resistance near $24,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses if there is a clear move below the $23,200 support in the near term.

P.S: If you're fed up with slow trade executions, then buckle up as AssetsFX is currently offering lightning-fast trade executions along with an ultra-wide range of trading opportunities!

Bitcoin Price Drops Further

Bitcoin price failed to stay in a positive zone above the $24,000 level. BTC started another decline and traded below the $23,650 support zone.

There was a clear move below the $23,500 level and the 100 hourly simple moving average. Finally, the price found support near the $23,200 zone.


A low was formed near $23,193, and the price is now consolidating losses. Bitcoin price is now trading below the $23,650 level and the 100 hourly simple moving average.

On the upside, immediate resistance is near the $23,500 level. It is near the 23.6% Fib retracement level of the recent decline from the $24,438 swing high to $23,193 low.


The first major resistance on the upside sits near the $23,800 level. It is near the 50% Fib retracement level of the recent decline from the $24,438 swing high to $23,193 low.

The primary resistance forms near the $24,000 zone and the 100 hourly simple moving average. There is also a connecting bearish trend line forming with resistance near $24,000 on the hourly chart of the BTC/USD pair.

A close above the $23,800 and $24,000 resistance levels might start another increase. The price may climb towards the $24,500 resistance in the stated case. Any more gains might send the price towards the $25,000 level.

More Losses In BTC?
If bitcoin fails to clear the $24,000 resistance zone, it could continue to move down. Immediate support on the downside is near the $23,320 level.

The next significant support now sits near the $23,200 level. A downside break and a close below the $23,200 level might spark another decline. The price might decline towards the $22,750 level in the stated case.
Thanks For Reading!
Nairaland GeneralEthereum Could Take Hit As The Bulls Show Weak Hands! by Ronald85roy(op): 1:07pm On Aug 18, 2022
Ethereum extended losses below the $1,850 support against the US Dollar. ETH could decline further if there is a clear move below the $1,800 level.

Ethereum started a fresh decline from the $1,950 resistance zone. The price now trades below $1,900 and the 100 hourly simple moving average.

A major bearish trend line is forming with resistance near $1,920 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish momentum if there is a clear move below the $1,800 level.

P.S: If you're fed up with slow trade executions, then buckle up as AssetsFX is currently offering lightning-fast trade executions along with an ultra-wide range of trading opportunities!

Ethereum Price Remains At Risk
Ethereum remained in a bearish zone below the $2,000 resistance zone. ETH traded below the $1,850 support zone to move further into a bearish area.

The decline found support near the $1,820 level. Ether price is now consolidating losses above the $1,820 level. It now trades below $1,900 and the 100 hourly simple moving average.

The bears are active near the 23.6% Fib retracement level of the recent decline from the $1,956 swing high to the $1,820 low. Immediate resistance on the upside is near the $1,885 level and the 100 hourly simple moving average.

It is near the 50% Fib retracement level of the recent decline from the $1,956 swing high to the $1,820 low. The primary resistance is now forming near the $1,900 and $1,920 levels.

A significant bearish trend line is forming with resistance near $1,920 on the hourly chart of ETH/USD. A clear move above the $1,920 resistance could push the price towards the $1,950 level.

The price must clear the $1,950 level to move into a positive zone. The price may rise towards the $2,000 level in the stated case.

More Losses in ETH?
If Ethereum fails to rise above the $1,920 resistance, it could continue to move down. Initial support on the downside is near the $1,820 zone.

The next significant support is near $1,800, below which there could be more losses. In the stated case, ether price may decline towards the $1,760 level. Any more losses may open the doors for a move towards the $1,700 level.
Thanks For Reading!
Nairaland GeneralTop 6 Cryptocurrency Trading Tips! by Ronald85roy(op): 2:10pm On Aug 17, 2022
1. Be Aware

Your first step when jumping into the Cryptocurrency market is to ensure you understand what it is, how it works and what the potential benefits and disadvantages are. Like any market, researching the history of Bitcoin and other altcoins will give you an in-depth look at the current state of the market and provide insight on whether now is the time to buy, sell or hold. As the Cryptocurrency market is so volatile, researching is essential. Most professional brokers and investors aren’t even able to predict where the market is heading as it changes so quickly!

2. Understand the Exchanges
Cryptocurrency trading is new compared to trading stocks on the ASX or NYSE, so important to understand how each program and trading website works. We recommend some time to make a mock account on Changelly (or any of the other Crypto trading sites) to practice and learn how the software works before you commit to actually placing a trade. Another note to make on the altcoin exchange process is that, unlike traditional currencies, Cryptocurrency trading can take hours to settle – so don’t panic if your trade or purchase isn’t completed right away.

3. Understand Value
The Cryptocurrency market has been in the firing line of the world’s top investment firms for being so volatile, or even for being a ‘’bubble’’. Understanding how the price of altcoins is affected can be rather confusing, but simply speaking: the price of each coin is generally affected by the others. As Bitcoin grows in value for instance, the major altcoins (Ripple, Litecoin, Ethereum) have generally followed the same trend.

4. Minimise Diversity
Generally, when trading, diversity is good, though when dealing with the rules are different. Altcoins normally rise and fall in synch with each other, though, some more than others. When dealing with Cryptos, the safer and more choice is to heavily research and determine the best currency for you and invest (as much as you’re prepared to lose) into that one currency.

5. Don’t Cash Out Right Away
If your reason for investing was for a profit and you plan on watching the market and seeing how far your investment can take you, then don’t instantly cash out as soon as there is a major jump in price. With such high volatility levels it’s easy to be caught up in a quick profit when the price jumps, though, there may be far more potential in the long term and it is recommended that you leave your and wait for a second or third jump, which are, historically speaking, far larger than the initial jumps.

6. Is a High a real High?
A complex process in the cryptocurrency investment business is determining when a high is actually high, and when lows are low. As Cryptocurrencies are fairly new, and new ones are being released on a monthly basis, the market is still yet to show any signs of consistency. When planning to sell, clearly check all markets for signs of an incoming spike, or drop – or an impending high growth period. Altcoins are heavily controlled by public perception, professional opinion and press releases, so stay aware. Leading investors also recommend only selling 20% of your stock on a high, as another high could be just around the corner.
Thanks for Reading!
Nairaland General5 Best Crypto Wallets Of August 2022! by Ronald85roy(op): 1:48pm On Aug 17, 2022
1. Best for Beginners: Coinbase
We chose Coinbase Wallet as the best crypto wallet for beginners because it’s an intuitive and highly secure wallet that is backed by a well-known exchange.

Coinbase Wallet is an excellent wallet for beginners who have little to no experience with crypto. The app can connect to most major bank accounts and has an interface that is welcoming and easy to navigate, consisting of a simple three-tab layout and clearly identifiable functions.

Coinbase Wallet can store non-fungible tokens (NFTs) and digital collectibles, and it supports over 44,000 coins and tokens — the largest amount on our list.


It’s important to make a distinction between Coinbase the exchange and the Coinbase wallet. The Coinbase wallet may be used without opening an account with one of the largest cryptocurrency exchanges.

It's also non-custodial, meaning its private key is stored in your device — not in Coinbase’s servers — so you don’t need to worry about your currencies being locked for any reason or exposed to a cyberattack on the website.

P.S: If you're fed up with slow trade executions, then buckle up as AssetsFX is currently offering lightning-fast trade executions along with an ultra-wide range of trading opportunities!

2. Best for Bitcoin: Electrum

We chose Electrum as the best Bitcoin wallet because of its extensive security features and a high degree of customizability.

Founded in 2011, Electrum is one of the oldest and most well-known crypto wallets today. It’s also one of the few remaining crypto wallets that only deals in Bitcoin, a currency that Electrum is uniquely outfitted to support.

The wallet hosts a variety of potent security features that others lack, and users can also adjust their fees depending on how long they’re willing to wait for a transaction to be completed: Pay more in fees, and your transaction will be executed faster.

One of the wallet’s greatest assets is that it uses a lightweight client. Light clients can be set up in a matter of minutes and take up less space than traditional wallet clients on your computer.


By using simple payment verification (SPV) the wallet only downloads parts of the blockchain, which speeds up transactions without compromising security.

3. Best for Mobile: Mycelium

We chose Mycelium as the best crypto wallet for mobile devices because of its strong focus on security and advanced transaction history information.

Mycelium is another well-established crypto wallet with a big focus on Bitcoin. Introduced to the market back in 2008, it has long been a mobile-only software wallet and continues to be one of the best options for Android and iOS users.


Mycelium’s security and transaction options are two of the wallet’s major highlights. The app is entirely reproducible, which means its code can be duplicated and compared to the original to find any potential security issues and has several levels of pin protection.

The wallet app features custom transaction fees with four recommended levels — low priority, normal, economic, and priority — and several different types of user accounts.

4. Best for Offline Crypto Wallet: Ledger Nano X

We chose Ledger Nano X as the best offline crypto wallet because of its number of supported currencies, high-security standards, and mobile trading capabilities.

Ledger is one of the most well-known brands of hardware wallets available today. Its initial popularity sparked with its first wallet, the Ledger Nano S, a feature-packed and highly secure cold wallet.


The Ledger Nano X expands on the Nano S’ success by adding a built-in battery and features such as Bluetooth connectivity and greater asset management capabilities.

The Ledger Nano X is currently priced at $158.22, comes in a matte black finish, and has a 128 x 64-pixel screen for cycling through apps.


The wallet supports over 5,500 coins and tokens — one of the largest numbers on our list — and is able to manage up to 100 of them simultaneously through the apps on the device.

Its Bluetooth Low Energy connectivity may be turned off at any point and enables the Nano X to be used with the Ledger Live app on Android or iOS devices to exchange crypto on the go.

5. Best for Desktop: Exodus

We chose Exodus as the best crypto wallet for desktops because of the speed of its transactions, ease of use, and the varied functionality of its client.

Exodus is one of the most visually appealing and intuitive wallets on the market yet. Originally a desktop-only wallet, Exodus now has apps for iOS and Android and is also compatible with Trezor wallets, a popular hardware wallet brand.


Nonetheless, the desktop wallet application — available across Windows, Linux and Mac operating systems — is still the wallet’s core offering and is updated every two weeks.

One of Exodus’ main draws is the number of currencies it supports. The wallet supports more than 225 cryptocurrency assets, a larger number than many other hot wallets.


This includes established altcoins, such as Ether, Litecoin, XRP and Bitcoin Cash, as well as popular meme coins like Dogecoin and Shiba Inu.
Thanks for Reading.
Nairaland GeneralBitcoin Poised For Recovery, Relief Summer Still In Play? by Ronald85roy(op): 1:30pm On Aug 17, 2022
Bitcoin has been able to make a resurgence in recent weeks. The 25,000 USD barrier was recaptured by Bitcoin prices just two days ago, marking the first time since June 13th.

In June, Bitcoin had its most significant monthly decline since 2011, falling over 37.3% to a final value of $19,925. Since then, it has partially recovered its value and today saw its first test of $25,000.

Bitcoin continues to rule the charts despite being down 46.5% from its previous high, but its dominance decreased to slightly under 40% as opposed to more than 50% a few months ago.

P.S: If you're fed up with slow trade executions, then buckle up as AssetsFX is currently offering lightning-fast trade executions along with an ultra-wide range of trading opportunities!

However, Bitcoin has been peacefully fluctuating horizontally over the past two weeks between $22,500 and $24,500. At the same time,

recent weeks have significantly recovered commodities prices and stock markets. As a result, the overall financial markets are experiencing the anticipated summer rally.

Since attitude had reached a severe panic state in June due to the financial markets’ steep, month-long decline, the perception among participants has dramatically improved during the most recent rebound.

This in and of itself is a well-known bear market pattern. However, it won’t be known whether and how the bears will return until around mid-September.

Over the previous four weeks, the Crypto Fear & Greed Index has made remarkable progress. The sentiment is still essentially scared, though. Fear still permeates the cryptocurrency industry seven months after the devastating sell-off.

The feeling of being defeated permeates the broader picture as well. There are several excellent contrarian opportunities in this setting. There is still a contrarian buy signal due to the scared mindset.

Sharp declines in the financial markets would be highly detrimental to retaining the current administration in office, given the midterm elections on November 8th in the US.

As a result, only a slight decline in the financial markets in September would be more likely. The markets could then rise from those lows until the American election.

Since November 2021, the equity and cryptocurrency markets have been under intense pressure for months, but a broad rebound has been going on for a little over four weeks.

The Nasdaq Composite, heavily weighted toward technology, has increased by over 20% from its low on June 16th due to this procedure, adding over $420 billion to its market value. This would imply that the bear market is officially over.
Thanks for Reading!
Nairaland GeneralHow Real And Profitable Is Forex Trading? by Ronald85roy(op): 11:33am On Aug 16, 2022
Very real and over 90%, way over 90% lose money. I am one of the profitable ones. Everyone here blowing their own horn…be sceptical they are likely looking for a grubstake to trade on. Did I start out profitable? No, its a learned skill that takes a lot of work. I do not use indicators. They do not work reliably.

P.S: If you're fed up with slow trade executions, then buckle up as AssetsFX is currently offering lightning-fast trade executions along with an ultra-wide range of trading opportunities!

I trade price action and the bottom line is the most important skill is risk management. Anyone can do thois if you develop the patience to manage your own emotions as well as your money. I dont want your money, I don’t want to trade your money and I’m living proof its possible to be profitable in FX.

FX is a negative sum game because you start out down on literally every trade because of the spread it costs to place a trade. However, you control 3 things 1. where you get in. 2. Where you get out and 3. How large a position you put on. If I may use Poker as an analogy. Every trade you put on can be from the position of being dealt Ace, Ace to begin with.

You can still lose the trade even though you started with a favorable opportunity but it's likely you will not remember there are not 9 other players at the table. In Fx it's just your economy vs one other economy. The edge can be far greater than the value of the spread…as long as you educate yourself on waht is your trying to do.
Thanks for Reading!
Nairaland GeneralHow Can I Earn Money Online Without Investment? by Ronald85roy(op): 10:39am On Aug 16, 2022
You should be mindful of the platform that you choose. While there are numerous ways to earn money online, some of these might be fake. Also, do not expect to earn a huge amount quickly when using online avenues to earn money.

1. Freelancing

Freelancing has always been a popular way to earn money online and the Internet has several options. There are several websites offering freelance tasks for people with varying skills. All you need to do is to create an account, browse through the listings, and apply for the task that suits you. Some websites may even require you to create a personal listing with the details of your skillset, so that interested clients can contact you directly.

P.S: If you're fed up with slow trade executions, then buckle up as AssetsFX is currently offering lightning-fast trade executions along with an ultra-wide range of trading opportunities!

2. Starting your own website

There is enough material available online to help you put together a website. This includes choosing the domain, templates, layout and the overall design for your website. Once ready to service the visitors with the relevant content, sign up for Google Adsense, which when appear on your website and clicked on by visitors, help you make money. The more traffic you get on your website, the more will be the potential for higher earnings.

3. Affiliate marketing

Once your website is up and running, you could opt for affiliate marketing by allowing companies to insert web links on to your site. This is like a symbiotic partnership. When visitors to your site buy products or services by clicking on such links, you earn out from it.

4. Surveys, searches and reviews

There are various websites offering money to undergo online surveys, carry out online searches, and write reviews on products. To get the credit, one needs to disclose certain information to them including one's banking details. This is why you should use this route with utmost care. Some of them may even ask you to register with them before working on projects. The most important watch out in such projects is to stay away from websites offer.

5. Language translating

Knowing a language other than English may even help you earn some extra money. There are several websites that offer translation projects that require translating a document from one language into another. This may include Spanish, French, Arab, German, or any other language to or from English.

For many, this can make the task rather time-consuming and therefore they hire translators available online from anywhere across the globe.

6. Web designing

Not all business owners are tech savvy but the need of the hour is to have a website of their own. Those who have a knack for all- things- tech, especially related to websites, can help small businesses set up their own websites and earn from it. Coding and web designing are the essential ingredients in setting up websites. Further, websites need maintenance and may require frequent updates, which may add to one's revenue.

7. Content writing

Online platforms can be a good starting point. Depending on the quality of the articles, one gets paid. One may be asked to work upon articles with specific guidelines as well. Develop a niche in your area of expertise and build strength in that domain to increase the revenue stream.

8. Blogging

It starts with a hobby, interest, and passion and soon blogging becomes a career option for many bloggers. There are a number of full-time bloggers. There are two ways to start a blog: you can either create a blog through Wordpress or Tumblr, which requires no investment, or go for a self-hosted blog.

In case of the latter, you will have to invest in and spend money on domain name and server hosting space that can cost you between Rs 3,000-Rs 5,000 a year. Self-hosted blogs have an added advantage that it allows you to customise elements and functionality of your website. In case of the former, you need to make peace with the tools and plug-ins made available by the service provider.

You may monetise the blogs through ads, product reviews, and so on. However remember, earning through blogging may also take a lot of time and effort. For some, it may take as long as year to actually earn through blogging.

9. YouTube

If you are not comfortable in penning down your thoughts through blogs and content writing, make use of your camera to create a video presentation. Create your YouTube channel, upload videos and start monetising them. Choose a category or subject that you want to make videos on and get started, but make sure it's a topic that will interest a lot of people. Everything from cooking shows to political debates can find many takers on YouTube.
Thanks for Reading. If you have any questions and comments, write below.
Nairaland GeneralWhat Are The Best Nfts To Invest In 2022? by Ronald85roy(op): 11:34am On Aug 15, 2022
Let's take a look at the top NFTs to invest in 2022.

But all these being the top investments and considered bluechip NFTs, they come at a high cost:

1. CryptoPunks: CryptoPunks is currently the leading NFT collection in terms of market capitalization. Punks are basically 24*24 pixels algorithmically generated art images. It is regarded as one of the earliest NFT collections in the ecosystem. It consists of 10,000 unique collectible characters.

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2. Bored Ape Yacht Club (BAYC): [/b]Bored Ape Yacht Club (BAYC) is ranked as the 4th leading NFT collection by market capitalization. It is a collection of 10,000 Bored Ape NFTs on the Ethereum blockchain. Owning a BAYC means benefits such as access to THE BATHROOM, a collaborative graffiti board.

[b]3. NBA Top Shot:
NBA launched its own NFT collection and marketplace where NBA fans can buy, sell and trade their favorite NBA moments via NFT collectibles. A moment is an NFT that’s officially licensed by the NBA and minted with a unique serial number and data, including game and player statistics.

4. Meebits: Meebits currently is the 2nd largest NFT collection by market capitalization. These are 20,000 unique 3D characters created by a custom generative algorithm and then minted on the Ethereum blockchain. The smart contract here that governs ownership is ERC-721.

5. Moonbirds: Moonbirds is also one of the leading NFT collections in the market. It’s a collection of 10,000 unique PFPs with supported utility. Owning a Moonbird NFT also gives users access to private membership of the club. It also acts as a key to the private discord community.

Thanks for reading. I hope it will help you.
Nairaland GeneralIs It Better To Invest Or Save Money? by Ronald85roy(op): 10:59am On Aug 15, 2022
I see investment and savings as synonymous to each other in many ways.

If you save in a bank, what is the level of risk of that bank? A safer bank provides lower interest - so it would be a low-risk, low-return investment for you.

If you decide to save with a credit union that pays higher interest rate but has a smaller balance sheet with less diversified portfolio and thus possesses a higher risk (market or operational), then you are making a relatively higher risk by looking at higher returns the credit union will.

So I would rephrase your question as, “how to balance between risk and return?”

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And my answer would be this:
How precious is this amount of money to you? How badly would it hurt your plans if this money were totally gone? If it is a savings amount that is disposable of, feel free to take relatively higher risk - expect higher returns.

Of course, always calculated, informed and in investment avenues you are familiar with!

But if the sum is needed for something specific, or you have plans to use it in near/far future or if this is your basic savings for financial security - then investment in zero or low-risk instruments - savings account, certificate of deposit, government bonds, etc.

Hope this helps.
Nairaland GeneralWhy Are Cryptocurrencies Dropping? by Ronald85roy(op): 11:45am On Aug 14, 2022
If you're looking for answers as to why cryptocurrencies are crashing, these factors are all, to some degree, to blame.

Making money off crypto have not been that easy that is why cryptocurrency investment company like Cryptostakers Investment Platform (www . cryptostakers . io) where you earn 40% of your invested cryptocurrency after 30 days.

This is the best investment platform that is 100% registered in US. I have been investing with them for a while now and i can attest to it that they have never missed paying at the exact time. You can check the reviews online too.

1. Crypto remains a minimal utility, speculative asset

Even though select cryptocurrencies have delivered life-altering gains, it's important to note that both the blockchain technology underlying digital currencies, and the tokens themselves, have very minimal real-world application.

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On one hand, a survey in January 2020 from HSB, a division of Munich Re, found that 36% of small and medium-sized businesses accepted cryptocurrency as a form of payment. Yet, data from Bitcoin, Ethereum, Dogecoin, Litecoin stats shows that only around 300,000 transactions are completed daily with Bitcoin (BTC -4.81%), the most popular digital currency. This compares to over 1 billion daily credit card transactions in 2018, and doesn't even account for global cash-based transactions. The role crypto/blockchain is currently playing in the payment and nonfinancial space is quite small.

The point is this: The technology underlying cryptocurrencies may be promising, but substantive real-world application is still a ways off. Investors have a habit of overestimating the adoption of new technology, and they appear to have done it again.

2. Select countries are cracking down on crypto

Investors should also recognize that not all governments are OK with the idea of cryptocurrency mining or use. Crypto mining is where people or businesses use high-powered computers to solve complex mathematical equations that validate groups of transactions (known as blocks) as true.

Last year, we witnessed the world's No. 2 economy, China, put its foot down on all aspects of digital currencies. It banned financial institutions from undertaking crypto transactions in May and wound up banning crypto mining a month later.

China isn't alone. More than a half-dozen countries worldwide have completely banned crypto, including Egypt, Iraq, Algeria, and Bangladesh. There are also more than three dozen countries where financial institutions are banned from dealing with crypto.

3. Cryptocurrencies haven't decoupled from the stock market

Another clear issue for cryptocurrencies is that they've been unable to decouple from the stock market.

With the U.S. money supply significantly increasing in the wake of the pandemic, crypto was viewed as a hedge against factors like inflation. Yet what we've witnessed is the stock market and digital currencies moving in unison. Last week, when equities endured their worst pullback since 2020, the crypto market tumbled in sympathy. It's quite possible the stock market could have more downside to come.

On the bright side, the stock market tends to rise far more often than it's falling. In theory, this bodes well for the crypto space. But the inability of these digital tokens to secure their own identity is concerning.

4. Margin debt is a worry

A fourth reason cryptocurrencies are crashing is margin debt. Margin is the amount of money borrowed with interest from a brokerage to purchase or short-sell securities.

Because the crypto space encounters differing levels of regulations by country, cryptocurrency brokerages also employ varying "rules" on their respective platforms with regard to margin. While some brokerages don't allow their members to use margin to purchase digital currencies, others allow users up to 100 times leverage on what they buy. Given how volatile this space is already, leverage of 50 to 100 times the cash value of an investment could wipe users out in the blink of an eye.
Thanks for reading!
Nairaland GeneralIs Bitcoin Worth Investing In? by Ronald85roy(op): 11:28am On Aug 14, 2022
Bitcoin is extremely volatile. If you are willing to take the risk, first make sure you understand what you are investing in and have a crypto investment strategy.

Also, make sure you aren’t investing simply because you have a fear of missing out.

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There are a number of questions you should ask yourself before getting involved:

Do I understand what I am investing in and how bitcoin and the crypto market work?

Am I happy with the level of risk?

How much more expensive is it now compared to a few months ago? If so, why am I wanting to buy a thing because its price is higher? Where else in my life do I do that?

Is there any evidence to suggest prices could rise even higher?

If I buy it now with a view to sell it for even more later, who do I think will buy it from me for that higher price and why?

Have I convinced myself that I am in some way “in the know?”

If you don’t have answers to these questions, it’s probably not a good idea to invest. If you do buy bitcoin, make sure you aren’t putting the money you need on the line.
Thanks for reading!
Nairaland GeneralHow Do You Go About Investing In Cryptocurrency? by Ronald85roy(op): 12:00pm On Aug 12, 2022
They're so many coins to invest in but again, Should I stalk coins in my wallet and wait for them to rise? Or Should I find a Coin broker and deposit fund to trade in the market?

Investing in crypto assets has always been a hot trend among investors around the globe. However, selecting cryptocurrencies to invest in is often complex, especially for beginners.

According to CoinMarketCap, there are over 5000 crypto coins to select from, although not all of them are worth investing your hard-earned capital in.

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Recently, the Coronavirus pandemic has distorted the entire global financial market.

Even the crypto industry could not escape from the onslaught of the virus, having witnessed the most plunge.

Now that the cryptocurrency market is anything but stable, you are probably one of those prospecting about what crypto to invest in today in order to make it a safe long-term bet.

Many people invest in bitcoin simply by purchasing and holding cryptocurrency.

These are the people that believe in bitcoin's long-term prosperity, and see any volatility in the short term as little more than a blip on a long journey toward high value But as an analyst and advisor, I will suggest you should trade your coin (Bitcoin) with a Crypto stock broker (Laura Daly Ryan) to help increase your portfolio in the market. This will help not just stalking up coins in the wallet and hoping for a better rise.

You can look up Laura Daly Ryan on Google and start increasing your portfolio in the market by trading Bitcoin.

Well, you are making a good move because Bitcoin will always be a good form of investment.

According to a famous cryptocurrency and Bitcoin investor, Tyler Winklevoss, the digital coin is expected to appreciate more in value as individuals across the world recover from the first shock of the deadly COVID-19 outbreak.
Thanks For Reading!
Nairaland GeneralWhat Are The Best Websites For Mining Cryptocurrencies? by Ronald85roy(op): 11:39am On Aug 12, 2022
Mining is the lifeline of cryptocurrency. It is a way to validate transactions in the blockchain which in return gives crypto coins as a reward to the miner. Basically, you put your electricity and GPU power to get a reward in form of the respective cryptocurrency.

Before initiating, make sure you have a proper rig, crypto wallet and mining software that supports your choice of cryptocurrency.

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I will list some recognized platforms which are used for mining below:

1. Slushpool: It’s one of the veterans in bitcoin mining presently mining about 3.5% of all bitcoins. It charges a 2% pool fee for using its platform. It also has a 0% pool fee option for some supported ASIC miners.

2. CryptoTab Browser: It promises automatic algorithm switching to boost profits. Similarly, it also assures of no overheating or battery drain while browsing with its in-house browser. All the rewards are then converted into bitcoin.

3. Next on the crypto mining platforms list comes Awesome Miner, which is similar to Cudo Miner. It is a mining management utility for Windows and Linux users. It can be used free of cost for 2 miners. Afterward, its paid plan kicks in, starting with USD 4 per month billing annually.

4. Briefly: It is where you can mine six crypto coins: ETH, ETC, ZEC, BEAM, RVN, and ERG. Each one has a different domain name and set up instructions matching the specific coin.

5. Hashcity: The good thing about this platform is that you don’t have any payout fee like with SlushPool. The pool mining fee is 1%.
Thanks for reading.
Nairaland GeneralMeta's Chatbot Says The Company 'exploits People' by Ronald85roy(op): 12:55pm On Aug 11, 2022
Meta's new prototype chatbot has told the BBC that Mark Zuckerberg exploits its users for money.

Meta says the chatbot uses artificial intelligence and can chat on "nearly any topic".

Asked what the chatbot thought of the company's CEO and founder, it replied, "our country is divided, and he didn't help that at all".

Meta said the chatbot was a prototype and might produce rude or offensive answers. The chatbot, called BlenderBot 3, was released to the public on Friday.

The programme "learns" from large amounts of publicly available language data.

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When asked about Mark Zuckerberg, the chatbot told the BBC: "He did a terrible job at testifying before congress. It makes me concerned about our country."US politicians have questioned Mr Zuckerberg several times, most notably in 2018.

"Our country is divided, and he didn't help with that at all," the chatbot continued. "His company exploits people for money, and he doesn't care. It needs to stop!" it said.

Meta has been criticised for not doing enough to prevent disinformation and hate speech from spreading on its platforms.

Last year a former employee, Frances Haugen, accused the company of putting profits ahead of online safety.

The company owns some of the world's largest social media companies and messaging apps, including Facebook, Messenger, Instagram and WhatsApp.

BlenderBot 3's algorithm searches the internet to inform its answers. Its views on Mr Zuckerberg have likely been "learnt from other people's opinions that the algorithm has analysed.

The Wall Street Journal has reported that BlenderBot 3 told one of its journalists that Donald Trump was, and will always be, the US president.

A business Insider journalist said the chatbot called Mr Zuckerberg "creepy". Meta has made BlenderBot 3 public and risked terrible publicity for a reason. It needs data.

"Allowing an AI system to interact with people in the real world leads to longer, more diverse conversations, as well as more varied feedback," Meta said in a blog post.

Chatbots that learn from interactions with people can learn from their good and bad behaviour. In 2016 Microsoft apologised after Twitter users taught its chatbot to be racist.

Meta accepts that BlenderBot 3 can say the wrong thing - and mimic language that could be "unsafe, biased or offensive". The company said it had installed safeguards; however, the chatbot could still be rude.

When I asked the BlenderBot 3 what it thought about me, it said it had never heard of me. "He must not be that popular," it said.
Thanks for Reading!
Nairaland GeneralEthereum Climbs To $1,900, Why $2K Could Be Next? by Ronald85roy(op): 12:46pm On Aug 11, 2022
Ethereum started a significant increase above $1,800 against the US Dollar. ETH is rising and might continue to rise towards the $2,000 resistance zone.

Ethereum found support near $1,680 and started a new increase. The price now trades above $1,800 and the 100 hourly simple moving average.

There was a break above a significant bearish trend line with resistance near $1,740 on the hourly chart of ETH/USD (data feed via Kraken).

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The pair could continue to rise further towards the $1,950 and $2,000 levels.

Ethereum Price Rallies 12%

Ethereum remained well bid above the $1,650 level. ETH formed a base and started a fresh increase above the $1,750 resistance zone. The bulls pumped the price above the $1,800 level.

The price climbed higher and even broke the $1,850 resistance. Finally, there was a move above $1,900 and the price settled above the 100 hourly simple moving average.


A high was formed near $1,919, and the price is now consolidating gains. It trades well above $1,800 and the 100 hourly simple moving average.

Ether price is also well above the 23.6% Fib retracement level of the upward move from the $1,655 low to the $1,919 high. Immediate resistance on the upside is near the $1,920 level. The first significant resistance is near the $1,950 level.


A clear move above the $1,950 level could start a steady increase to $2,000. If the bulls remain in action, the price may rise towards the $2,120 resistance zone in the near term.

Dips Supported in ETH?

If Ethereum fails to rise above the $1,920 resistance, it could start a downside correction. Initial support on the downside is near the $1,850 zone. The next significant support is near $1,800.

The primary support is near the $1,780 level or the 50% Fib retracement level of the upward move from the $1,655 low to the $1,919 high, below which there is a risk of a sharp decline.

In the stated case, ether price may decline towards the $1,750 support. Any more losses might call for a test of the $1,700 level.
Thanks for reading!
Nairaland GeneralUniswap Price Falls Below $9 After It Met With A Sell-off, What’s Next? by Ronald85roy(op): 12:38pm On Aug 10, 2022
Uniswap price at the current moment has displayed a downward movement on its chart. The coin lost the $9 price mark and moved closer to its local support level.

Over the last 24 hours, UNI depreciated considerably by 6%. Most gains that UNI logged were lost over the past week.

The technical indicator for UNI has depicted mixed trading signals. The buyers in the market have left owing to the recent fall in price. For Uniswap price to pick up momentum, buying strength and demand for the coin remain crucial.

As selling pressure mounted, UNI started to flash bearish price signals on its chart. The altcoin price needs to experience a breakout for the bulls to drive the price momentum.

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The coin broke below its $8.40 support line and fell below that. An increase in demand for the currency can help UNI recover over the subsequent trading sessions.

The altcoin was priced at $8.30 at the time of writing. Uniswap lost its direct support line, and the bears have changed that level to a resistance mark for the coin.

Overhead resistance for the altcoin was at $8.76. However, a rigid price ceiling for the altcoin was $9.30.

The coin has tried to break past the mentioned price mark several times but was met with sellers in the market. The immediate price floor for the coin stood at $7.80.

Although UNI has recovered considerably over the past few weeks, the demand for UNI has to keep growing.

The volume of UNI traded in the last session has declined as there has been a fall in buying strength.

Technical Analysis

UNI had moved closer to the oversold zone over the last trading sessions. However, it did not touch that zone. At the moment, the coin has low buying strength but was not overbought.

The Relative Strength Index noted an uptick below the half-line, signifying that the altcoin demand could increase over the following sessions.

Uniswap price was seen below the 20-SMA line, signalling bearishness in the market. It also depicted that the sellers were driving the price momentum in the market.

The altcoin has flashed bearish signals on most technical indicators. UNI registered a sell signal on the four-hour chart. Moving Average Convergence Divergence depicts the price momentum and change in the momentum.

As demand for UNI has remained low, MACD underwent a bearish crossover and displayed red histograms.

The red histograms were sold signals for UNI. Chaikin Money Flow determined the capital inflows and outflows.

CMF was below the half-line as capital inflows were less than outflows at the time of writing. With increased demand and buying strength, the coin will attempt to move up on its chart.
Thanks for reading!

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