DEN SOMERA Once more, Week 11 of the virtual stock trading challenge did not only give us a continuing lesson on why good stock selection is a must and why frequent turnover is simply not enough to make you win to make money in your trading activities, but it also allowed us a chance to see how the concept should be applied more effectively. We can see this from the trading play of the new leader for Week 11, namely, Play Hard, the youngest and most inexperienced contestant in the game. His market entries were not necessarily based on technical methods of analysis but his stock selections were largely based on fundamental analysis. As he stated in his stock selection standards and investment goals, all are geared and hitched to the government’s “Build, Build, Build Program.” He was not also very particular about the timing of his entry when the virtual stock trading challenge started on March 1. He did not hesitate to enter the market immediately. He seemed to have … [Read more...] about The goal is to trade well and not to trade often
Report to trading standards
Robinhood is an app built around one promise: no-fee stock and cryptocurrency trading. And it’s a model that’s working for people. A little over four years after launch, the company has a $US5.6 billion valuation ($AU7.4 billion) – four times more than its 2017 valuation of $US1.3 billion. The app first launched in December 2014 and quickly became a favourite among younger people looking to invest. It allows users the freedom to complete a transaction without paying a processing fee, and became the first finance app to win an Apple Design Award thanks to its simple-but-stylish design. In short: It makes stock trading cheap, intuitive, and mobile, which is apparently exactly what young investors were looking for. It began as invite-only, and by the time it opened to the public in March 2015, the waitlist rose above 700,000according to Fortune. By November of that year, TechCrunch reported that it had facilitated over $US1 billion in transactions. In 2018, it completed … [Read more...] about An app millennials are using to trade stocks and cryptocurrencies without any fees is now worth $7.4 billion: Here’s how to use it
The VW brand said it would offer buyers trading in an old diesel a discount on cars meeting the latest Euro 6 emissions standard, ranging from €2,000 on its up! compact cars to €10,000 euros for a Touareg SUV. And the carmaker proposed an additional discount of between €1,000 and €2,380 for those buying more environmentally friendly hybrid, all-electric or natural-gas-powered vehicles. VW was "acknowledging its share of responsibility for climate- and health-friendly mobility on German streets," it said in a statement. The move by the world's biggest automaker is the first such step by a German manufacturer since a government-industry summit last week over high levels of nitrogen oxides (NOx) emitted from diesel cars. Following the diesel summit, VW, BMW, Daimler and Opel vowed to reduce emissions with free-of-charge software updates for newer vehicles and cash-for-clunkers schemes for those more than 10 years old. The cash offers will be valid … [Read more...] about Volkswagen offers cash incentives to trade in old diesel cars
Depending on who you ask, the United States is either the 800-lb gorilla around which all the world’s moves should navigate, or the 800-lb gorilla that’s increasingly getting left out of feeding sessions. Either way, when it comes to the United States’ present position on trade, it isn’t much a matter of opinion—other countries are partnering on free trade more than the U.S. is. Addressing this fact in a webinar co-hosted with Sourcing Journal Monday, the American Apparel and Footwear Association (AAFA) pointed out that while there’s been a lot of “noise” from the Trump Administration about trade policy and trade deficits and making trade more beneficial for the U.S., little has materialized in a comprehensive way. Meanwhile, the World Trade Organization, which keeps a database of the world’s trade agreements, has been notified of 30 since Jan. 2016. The EU has its name on four of them, China on two and the U.S. hasn’t … [Read more...] about Is the US Getting Left Behind When it Comes to Trade?
[TOKYO] Japanese cryptocurrency exchange Coincheck Inc, under pressure to better safeguard investors after the daring theft of US$530 million of digital money last month, said it had on Tuesday filed a report with regulators on the hacking.The Financial Services Agency ordered Coincheck to raise its standards after the late-January hack, directing it to submit a report on the security of its systems and measures it would take to prevent a repeat.The report included Coincheck's investigation into the heist and details of steps to bolster its risk management system, the exchange said in a statement.The submission of the report came as Coincheck lifted curbs on yen withdrawals.The exchange, which froze all withdrawals of yen and cryptocurrencies following the heist, said last week it had confirmed the integrity of its system security and would from Tuesday allow customers to withdraw yen. A source told Reuters on Friday that Coincheck had received withdrawal requests from customers … [Read more...] about Japan’s Coincheck reports to regulators over US$530m cryptocurrency heist