transferring currency

Buying Property In EU? – Top Tips For Transferring Currency

Buying property in the EU is a fascinating and popular venture, and those of you who are interested in the potential of investing in the continental property market will have many factors to bear in mind before you take the plunge. One of these matters is concerned with transferring currency and more specifically, what is the best way to do it. Should you use a bank or an FX broker when you are transferring currency? As is often the case, there are pros and cons for each of these alternatives. Some of your concerns may be eased when you learn that EU countries are considered to be low risk for the exchange of currency, and all EU countries have well-established networks of estate agents, lawyers, and banks, many of which are used to dealing with customers from overseas. No matter how well-established the companies you decide to use, you should carry out the usual sort of background checks which you would employ whenever you are transferring money from one place to another, selecting a registered business and finding an experienced lawyer.

Having chosen which agents and lawyers you are going to employ you then come to the matter of transferring currency. Here, you will find that your choice boils down to one between a bank and a Foreign Exchange brokerage, as we mentioned earlier. Banks have the great advantage of being safe and reliable. They will convert your sterling into euros and transfer the results to wherever you instruct. Using a bank will give you peace of mind. However, banks tend to lag behind brokers when it comes to two important matters, specifically the speed at which the currency transfer takes place and also in the matter of the most advantageous exchange rates being utilised. The standard transfer of funds between banks takes between four to six business days and you often have to pay extra for a speedier express delivery. Similarly, banks use different rates for commercial and retail customers. The differences between the rates may be small but a difference of only 1% could potentially cost you hundreds or indeed thousands of pounds. For this reason, even if you do use a bank when you are transferring currency, you might want to employ a broker to try to equalize the rate, thus saving you money.

Foreign exchange brokerages tend to excel in the fields where banks are at their weakest in the matter of transferring currency. If you are concerned that your transfer does not enjoy the safeguards which attend the use of a bank, then you can be assured that reputable brokerages use FCA Authorised Payments Institutions as part of their regulatory requirements. In your initial research, you should ensure that any FX broker you employ is FCA authorised. Remember that when you are transferring currency, you can never be too careful. Choose a reputable broker, after careful research and after reading reviews and endorsements, if available.

Spread betting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary.
The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.

Is it the right time to sell bitcoins

Is It The Right Time To Sell Bitcoins?

At the beginning of 2018, many people started wondering if now was the right time to sell bitcoins. They wondered this against a background of prices that first stopped rising and then started falling. The natural reaction to a phenomenon like this is to sell, especially if your bitcoins had already made a profit for you. If this is your decision then that is a fair enough and, as we have noted, a perfectly normal and fair reaction. After all, if you bought your bitcoin in the first place as an investment, then why not realise their value at a time suitable for you? However, if you have a more lasting interest in bitcoin then there are other factors which you may care to keep in mind before you contact your broker.

Many different people invest in bitcoin for many different reasons. Leaving aside those who use computer power and time to mine the currency, there are those who use bitcoin to purchase goods and services. These are the founders of, and true believers in, bitcoin, the people who are attracted to the idea of a currency that is beholden to no government or national economic policy and is unaffected by the decisions of central banks. Believers in these currencies without borders will perhaps be less inclined to sell their bitcoins since they do not view their holdings as investments or commodities in any way. If you are one of these people then now may be the time to sell your bitcoin, but probably only if another cryptocurrency has caught your eye, perhaps one that is closer to the original ideal.

Others invest in bitcoin as part of a balanced overall portfolio. If you are such an investor, then you will know that bitcoin is volatile and that its price behaves in ways that those of other equities do not. In fact, you may have invested in bitcoin because of this volatility, in the way that others invest in gold, another volatile item often used as a balancing factor. Is it a good time for these people to sell their bitcoin when it is doing exactly what they want it to?

Those who invest in bitcoin to trade it are those who will be asking themselves our title question most carefully. Yet even here there will be different reactions from different investors and to a degree, these will be split between the longer-term investor and those who are newer to the cryptocurrency phenomenon. The latter may have bought bitcoin during the currency’s wonderful year of 2017 when the price hike seemed endless and good publicity and confidence flourished. Such investors may find themselves in the position which we outlined in the first paragraph. Others, the longer term, more experienced investors in bitcoin, will have learned about the volatility of the product and will be less worried by the events of early 2018. Even so, the decision on whether they sell their bitcoins or hold them is a purely personal one.

Spread betting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary.
The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.

how to sell bitcoins online

How To Sell Bitcoins Online

The early days of 2018 saw bitcoin’s price falling and as an inevitable result of this, many people were wondering what was the best way of selling bitcoins online. Of course, if you have already entered the world of cryptocurrencies then you will have acquired somewhere to keep your currency, a bitcoin wallet and you will have already discovered a broker who will sell you your bitcoins. The process of selling the currency is in some ways a reverse of this and your broker will help you with the sales, for the usual commission. If you are not reacting to the events of the early days of 2018 and are instead interested in a more long-term investment in the world of bitcoin, then there are certain factors to bear in mind.

The first thing to say is that you should do your homework and do it thoroughly. Do not let your enthusiasm get the better of your cool, calculating aspect. Research the brokers who are available and find the one who best suits your strategy and who will enable you to achieve your long-term goals. Pay particular attention to the fees charged for the spread to open a position and also note which brokers charge for swaps if you decide to hold a position open at the end of the trading day.

As well as researching brokers, also learn as much as you can about bitcoin itself. You probably already have a fair idea of how it works, but turn this into a detailed understanding of the infrastructure and the technology behind it, paying particular attention to recent developments. Remember that bitcoin is in a state of permanent flux, with technical developments vying with publicity and confidence as pressures on the price. The more you know and the more up to date information which you possess, the better your chance of selling at the right time.

One of the most important aspects of your research should be into the past performance of bitcoin. A great deal of the dismay felt by the price drop in early 2018 was felt by those who we were new to bitcoin and who had not thus familiarised themselves with the volatility of the cryptocurrency. If they had done the sort of research which you will do, then they would have known that even during bitcoin’s miracle year of 2017 the cryptocurrency had been subject to extreme price swings over short periods. If you know how bitcoin has behaved in the past then you will be much more likely to be able to spot the difference between common short-term blips, a product of natural volatility and a major price slump, probably the result of falling confidence and the end of a particular bubble market. How you react to that and when you decide to sell your bitcoin, and when you decide to buy again when the price fall has made it an attractive option is up to you, but remember this fundamental truth. In the world of selling bitcoin, you can never have too much information.

Spread betting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary.
The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.

Is It A Good Idea To Buy Bitcoins Now

Is It A Good Idea To Buy Bitcoins Now?

Bitcoin has always been subject to price volatility ever since it first appeared; a more recent development in the story of the world’s first and most famous cryptocurrency is reputation volatility, a factor which seems to have become especially prominent since the beginning of 2017. In that year bitcoin enjoyed success after success; the price rose through the psychologically significant $10,000 barrier and then in December, the $20,000 barrier. Futures in the cryptocurrency were proposed, various other signs of corporate acceptance appeared to be in the offing, and there was a torrent of positive publicity. It was in 2017 that people first began to talk about the inevitability of the success of this virtual currency.

If we move forward only two short months we find a very different picture. Bitcoin is no longer being spoken of as sure-fire success; in fact, is said to be dying or actually dead. The voices of caution active even in the 2017 year of miracles, who spoke of bubbles and even used the word ‘fraud’ on occasion, seem to have been vindicated as bitcoin loses 25% of its value in just three days. Observers compare what has happened to the dot-com bubble of the early years of the new millennium. We must, however, ask ourselves whether the voices of doom are any more accurate than the super-optimists were in 2017.

In fact, there is a cause for saying that bitcoin could be a good investment in early 2018, though this statement would have to be hedged about with many provisos. The sort of investor who helped the price of bitcoin sky-rocket in 2017 will probably not find the cryptocurrency to be an attractive investment now or in the near future. They may well have bought the cryptocurrency in the hope of tripling or quadrupling their investments in a few weeks, and they may also have been motivated by the Fear Of Missing Out or FOMO factor. Many of these investors have suffered losses and will not be back anytime soon.

However, there are many other sorts of investors. The true believer in the philosophy behind cryptocurrencies, who hopes to see nationless currencies without borders, owned by the users and not beholden to the political decisions of Central Banks, may well be relieved to see the back of the FOMO crowd. Similarly, the people who believe in the Blockchain technology behind bitcoin will not have had their faith destroyed, though they may well be suffering hardships from the abrupt correction in prices. Then there are the investors who use bitcoin to balance their portfolios, relying on the atypical behaviour of the cryptocurrency, in the same way, that others use gold to diversify their portfolios, may also feel that, now the dust has settled they can get back to using their favourite cryptocurrency in the way they did before the bubble. In fact, it may be a good idea to buy bitcoin, but make sure you have the right reasons to do so.

Spread betting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary.
The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.

Why Bitcoins price drops

Why Bitcoins Price Drops?

In the early days of 2018, many investors were alarmed by the price drop in bitcoin and their perturbation was understandable when you take into consideration the events of the previous year, at least when they were examined on the large scale. Bitcoin had enjoyed a wildly successful in 2017, with great price rises and an avalanche of mostly good publicity. It even saw the introduction of futures trading in the oldest and most famous of the cryptocurrencies, along with increased markets for trading. People spoke of the success of bitcoin being inevitable and on the back of all these many first-time investors in virtual currencies dipped their toes into this market.
It was these investors who were most troubled by the price fall in bitcoin in January of 2018. To them, the price fall seemed inexplicable. More experienced investors in bitcoin were perhaps less concerned by the phenomenon because they were used to the inherently volatile nature of the cryptocurrency. Even during the halcyon days of 2017, there had been sudden and hefty price spikes and dips. This behavior has often been noted in bitcoin; indeed, some investors took advantage of this facet in bitcoin’s behavioral profile.

The sort of investor who uses gold as part of a portfolio, banking on the way that the precious metal differs from normal equities to balance their investments would not be unusually worried by the end of bitcoin’s price rise. Indeed, this was one of the reasons why they bought the cryptocurrency in the first place. As we have noted the concern about the price drop was more common among those who had recently climbed aboard the bitcoin bandwagon and with this, we perhaps come to one of the answers to the question posed in the title of this article. The reason the price of bitcoin dropped was that of simple financial gravity.

The price of bitcoin depends, to a large extent, on the confidence that is present among its investors. There is nothing unusual about this since confidence is an important factor in the performance of stocks, shares, and commodities of any price. However, bitcoin, a virtual currency which is mined by a computer, is especially sensitive to the groundswell of public opinion. Some cynical observers evoked past bubble markets, such as the infamous tulip mania of seventeenth-century Holland, when the price of the bulbs soared by 1000% in a month. Others evoked the pseudo-rule of ‘bigger fool theory’, which states that you can buy high and sell higher providing the ‘bigger fool’ of the name is present to keep up the buying chain. This is a rather cruel and unflattering description, but it carries within a kernel of truth, and also an explanation for the price drop. The continuous rise based, for the most part, on good feelings and optimism must come to an end eventually. In terms of the gravity theory, what has gone up is bound to come down as excitement dies away. The cynics might remark that the ‘bigger fools’ have wised up.

Spread betting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary.
The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.

Forex alert for rookie traders 2018

Forex Alert For Rookie Traders 2018

The foreign exchange market is huge, all-encompassing, the premier financial market in the world; it never sleeps and involves the world’s largest volume of business and, not surprisingly it accurately reflects the planet’s financial dynamics in terms of its pairs of currencies. There are, of course, many tools and alerts available for the trader new to this market and the decision which pair to choose for your trades will depend on your circumstances and also on your own financial plans and needs. It does, however, also behove you to consider what future developments in other markets will have on forex trading, and vice versa.

For instance the forex market is dominated by the behavior of the US dollar, not surprising considering the still dominant position of the US economy. If one of the components in the pair you hope to trade is the dollar, then it will pay you to learn what people are saying about the future behavior of the world’s dominant reserve currency. There was much speculation all across the financial world at the start of 2018 about what the new year would hold for the dollar. The general consensus seemed to be that the weaker dollar evident since the end of 2016 would continue for the next twelve months. There were many reasons for this, some connected to the price of crude oil, some with matters such as internal American concerns about the rate of the Federal Reserve’s rate hike programme, the less than predicted resulted of President Trump’s tax cuts and the tightening up of the Euro-zone’s interest rate policy (the looseness of which had, for some time, almost been a joke.) The weakening of the dollar had been placed into sharp relief by the decision of hedge fund managers to start shorting the dollar against the euro from the beginning of 2017. Here is an indication of how forex trading reacts to events in the wider financial world and vice versa.

It was widely predicted that the weak dollar would jibe with an increase in the value of gold and other precious metals and also perhaps provoke spikes in the popularity of various cryptocurrencies; the former were already enjoying spikes as fears of a large-scale stock market correction increased. The volatility of the latter in some ways matches that of gold and is used by some investors in a similar fashion. The weakness of the dollar might, it was speculated, cause an upturn in the price of crude oil, predictions for which were cautiously optimistic for 2018.

Of course, all of this might seem rather remote and academic to the rookie forex trader who simply wants to choose which pair to invest in, but in such a market and trading such products, often leveraged, you can never know too much. This was especially true for the first weeks of 2018 when the situation in many of the world’s financial markets was fluid and fast developing.

Spread betting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary. The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.

brexit household income

Why Brexit Has Impacted On Household Income

At first glance, it might seem unlikely that Brexit, that most political of events motivated by highly political reasons, would impact at all on household income in the UK. This would only seem to be true at the first glance, though, because of course events of great political significance are bound to have a knock-on economic effect. Brexit has had many consequences, but among the most immediate were a decline in the value of sterling, a rise in inflation and a reduced amount of investment and productivity. The combination of these factors has, according to report produced by the National Institute of Economic and Social Research, has been that household income throughout the UK has fallen by £600, or $795. These effects are, the report continues, likely to be felt disproportionately by the poorer among the UK’s population, with the unemployed, the elderly and single-parent household being especially hard hit.

The gloomy nature of this report and its predictions for the consequence of Brexit on household income is not disputed generally, though there has been some disagreement about what the longer-term implications might be. Some analysts have predicted that the most important, long-term effects will be on inflation and also wages, and it was a concern for these matters that caused the Bank of England to announce its first-rate hike in ten tears. A result of this hike was to cause sterling to fall even further, and also to cause a surge on the London Stock Exchange, which closed one point short of it best ever finish again hopes for stronger exports brought about by the weakness of the pound. This was especially true for companies which make their profits largely in dollars or euros, such as large mining concerns. We can see here the possibly divergent outcomes for Brexit on household income in the longer term. Will high-interest rates continue to eat away at incomes? Or will a surge in exports fuel some manner of recovery?

We should also note, while we are considering these matters, that not even the Bank of England itself is certain of the consequences of Brexit. Some of its Monetary Policy committees argued that the rate hike was unnecessary since other factors would bring a natural end to the inflationary pressures affecting the economy, and, by extension, household income. They pointed to a slow-down in Gross Domestic Product and investment and also on high street spending sunk to levels that matched those from the depths of the recession. If these minority opinions in the Bank of England are correct then household income will continue to be adversely affected by the inflation that was caused by the weakness in sterling, which occurred in the aftermath of Brexit. In conclusion, it seems that we can be sure of only one thing; whether we see a continuing slowdown or a recovery furled at least in part by exports, the decision of the UK to leave the European Union will affect the amount of money coming into all British households.

Spread betting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary.

The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment

cryptos

How To Buy, Store And Spend Your Cryptos Securely

The rise in popularity of cryptos has been one of the most notable features of the last few years and even if you have never had any interest in investing in these new currencies, you have perhaps asked yourself the question posed in the title of this piece. Just how do you buy, store and spend your cryptos? Perhaps before answering that we might wonder, briefly, at the popularity of such currencies. Many, who originally invested in bitcoin and others, did so for the reason that other invested bought gold. That is because it was a time of fear and anxiety among more traditional investments and currencies and the crypto-currencies were seen as a safe haven. As time has gone by others have invested in the new currencies for the same reasons that other types of investors also buy gold – to ask as an agent of balance in their portfolios. Others simply own the currencies because they can use them to buy things online. So, there are many reasons to own these crypto-currencies.

How to buy cryptos is at one level a very simply answered question. You buy cryptos like anything else; with cash from a place that sells them. Then, also like more conventional money you keep your crypto-currency in a wallet, which is the name given to your digital account. You will exchange one of the more generally recognised, so-called fiat currencies, such as your pounds, dollars or euros for the crypto of your choice and you will probably do this at the exchange. As the name suggests an exchange is a form of stock market for crypto-currencies. Remember here, that the crypto-market is much younger than the other stock markets and they are not nearly so well regulated, and they are not always so well secured. Hackers have operated to specular success in these markets, as have scammers. You should look carefully into the exchanges available, pick one that is reputable, well-established and takes your own application to trade with it seriously, demanding proof of address. Always be cautious here.

Once you have found your exchange and spent your money, you will probably want to establish that online wallet which we spoke of earlier. Again you want a safe place to store your cryptos so do a little research and take your time. There are many products on offer, so browse and consider the advantages of each. Of course, the question of how to spend your cryptos is up to you. You may simply want to use them to buy products, in which case no more advice should be necessary. Or you may want to trade them, in which case always remember that crypto-currencies are extremely volatile. You could make a great deal in a very short time, or lose a very great deal in a flash. Then, as is the way with these things, if you hold your nerve you might make it all back again. The future for crypto-currencies will certainly be an interesting one.

Spread betting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary. The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.

EUR/USD clings to small gains as investors

EUR/USD Clings To Small Gains As Investors

In the third week of September 2017, many observers of the currency markets in general and of the euro-dollar pair, in particular, were struck by the behaviour of the pair, which after equalling its weekly high slipped back into negative territory but then recovered in response a release of macro-data. The data itself seemed to be sending mixed messages but the general interpretation of this data by those who have a professional interest in following these matters was cautiously optimistic. The end result was a gain of 0.2% for the day, a small gain but a gain none the less. In discussing the matter, those observers to whom we have already referred made reference to a Reuters report which cited an anonymous European Central Bank source, who stated that the rest of the year 2017 might see a delay in the hitherto proposed tapering of the Quantitive Easing steps which have been operating. Indeed the report suggested that the tapering might not actually start to occur until December 2017. The Reuters report also mentioned that the on-going strength of the Euro was causing uncertainty to manifest itself on the General Council, with conflicting points of view being expressed by those with differing opinions. This news provoked the slight fall-back in the Euro that marked the beginning of the period which is under discussion in this article. However, the retreat was a small one and the euro had no difficulty in recovering as the mixed data from the US prevented the dollar from being able to perform strongly against its competitors.

Indeed the US dollar index was stagnant during this period and ended the day showing a slight fall. The question occupying the interest of followers of this all-important pair of currencies concerned the possibility of a rate hike. It was generally agreed that without the assurance of an early hike and an assured one to follow at the end of the year, any possible gains for the dollar will not ultimately prove to be sustainable. The good news was that in the political world, the government of the United States chose that time to hint strongly that the last week in September will see tax reform being seriously discussed. It was agreed, at least by more optimistic observers, that the combination of this possible September hike, with more to come would see an end to the decline in the price of the dollar, at least for the time being. Concerns for the performance of the dollar while confidence is uncertain following what is perceived to be erratic behaviour by the still new legislation and also concern over the fate of the euro following the unexpected gains of the far right in the German general election will almost certainly further affect the performance of this major pair of currencies.

Spread betting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary. The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.

The Dollar wobbles after soft results and political fears

The Dollar Wobbles After Soft Results And Political Fears

The week ending the 16th June saw the EUR/USD pair achieve a yearly high at 1.1295 o0n the 14th but ended with the figures flat at 1.1197 after the announcement of inflation figures from the United States that seemed disappointing to all concerned, including, many suspected, those actually making the announcement. This came after a week in which the US Federal Resave continued to strike a hawkish tone, especially with its unveiling of a twenty-five basis point rise. The Fed Reserve, showing a commendable commitment to seeing the bright side in a climate where such views are hard to find, focus on the improving US labour market. This is undoubtedly an important factor though it could really be set against increasing political turmoil and softer than expected economic results remains to be seen. In particular, the continuing controversy surrounding President Trump and investigations into the allegation that he attempted to obstruct justice during the Comey affair seemed set to bring about stagnation in US economic policy, especially in those areas which caused confidence to burgeon in the US dollar in the first instance. It will be hard to for the President to keep his manifesto promises about tax reforms and large scale infrastructure investment now that he is under investigation by a special prosecutor and even his own party is beginning to cautiously distance itself from him. Further adverse signs for the dollar came as other central banks indicated that they would be looking towards a normalization of policy in the immediate future, the Bank of Canada leading the way and even the Bank of England making hawkish sounds, despite the looming Brexit negotiations and the UK’s own plentiful political turmoil.

Friday the 16th June saw the announcements that further confirmed the somewhat gloomy prospects for the US dollar, at least in the immediate future. While both housing and building permits were up, the degree of the increase was far lower than had been expected by most. Perhaps most worrying for the dollar, consumer confidence had fallen to levels not seen in this presidency. The President further set the cat among the pigeons by announcing in a speech in Florida that he would be seeking to roll back the deal with Cuba achieved by his predecessor’s administration. Observers emphasised that the reforms to the deal would be small scale and cosmetic, and thus unlikely to have lasting consequences but in the present state of the US, it seems that no announcement can be small enough in scale not to have fairly hefty political consequences. In contrast, the Euro seemed buoyant especially in light of the news that Greece had, after its extended crisis, at last, come to a deal with its many creditors on the next stage of its equally protracted bail-out.

Spread betting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary. The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.

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