EconomyDiary

  A spread is the difference between offer and bid prices in trade. Spreads set the pricing of both derivatives while trading CFDs. Brokers, market makers, and other providers use spreads to show prices. This means an asset's purchase price will always be higher than the market. Selling is always cheaper. Spread is the difference between two prices or rates in finance. Option spread is another trading approach. Using varying strike prices and expiration dates, buy and sell the same amount of options. Spread The bid-offer spread is the spread added to an asset's price. Bid-offer spread illustrates how much people demand an asset. If the bid and offer prices are close, the market is tight, meaning buyers and sellers agree on the asset's value. If the distribution is wide, people have diverse ideas. The bid-ask spread can be affected by: Liquidity is the ease of buying and selling. Liquidity increases an asset's bid-ask spread. Volume: How much an asset is traded daily. Mo...

It's worth noting that, unlike traditional stock exchanges, the cryptocurrency market is open 24 hours a day, seven days a week. Anyone with an internet connection can purchase Bitcoin at any time and from any location. According to one study, the best days to buy Bitcoin are Sundays and Mondays because that is when the cryptocurrency price of Bitcoin is the lowest. Because trading volumes on all cryptocurrency exchanges tend to dip over the weekend, Sunday evening is the best time to buy BTC. CME Group, the world's largest derivatives exchange, is closed for the weekend. Every day, institutional investors trade about $500 million in bitcoin, accounting for a sizable portion of the global turnover. When Should You Buy Cryptocurrency? Because crypto trades all day, even into the early morning hours (regardless of where you reside), it can be difficult to schedule your trades. However, if you look at data from the previous several months, you can identify a few fairly general ten...

  This year, the CeFi crypto lender faced a large fine spearheaded by the SEC and survived the harsh crypto winter to become Inc. magazine's No. 1 revenue gainer. BlockFi has been named the fastest growing company in the United States in 2022 by Inc. magazine. It topped the magazine's Inc. 5000 2022 list with 245,616% growth, a lead of more than 99,000% over the second-place company, a nursing recruitment platform. Across all 5,000 entries, the median growth rate was 230%. According to the magazine, the Inc. list "ranks companies based on overall revenue growth over a three-year period." Three years is practically an epoch in the fast-paced world of crypto, and BlockFi's achievement is especially noteworthy after a number of dramatic turns for the company and the industry this year. According to a related article in Inc., CeFi crypto financial services company BlockFi began the year as a unicorn in talks with JPMorgan about going public. The company's $100 mil...

According to a recent assessment by McKinsey & Company, one of the world's leading management consulting organizations, the metaverse niche might be worth $5 trillion by 2030. Much of the growth in this sector will most likely be driven by the emergence of intriguing new metaverse platforms in the future years, with many already making their imprint on the industry. This guide will go over ten of the finest metaverse platforms available, looking at what makes them so popular before delving into the possible benefits of investing in metaverse-based projects. 1. Battle Infinity - Best Metaverse Platform Overall in 2022 Infinity Battle Battle Infinity is our vote for the best metaverse platform. Battle Infinity is a fantasy sports gaming platform that allows you to make money by playing. The Battle Infinity ecosystem, which is hosted on the Binance Smart Chain, connects everything back to the metaverse via the 'Battle Arena,' a rich 3D world where players can create ...

According to a tweet from the exchange's head of NFT product, the exchange is in contact with several NFT lending protocols in order to build NFT financialization. According to a social media post by Uniswap's head of NFT product Scott Lewis, the crypto exchange is in talks with multiple nonfungible token (NFT) lending protocols. Lewis emphasizes the company's interest in addressing both liquidity issues and the "information asymmetry" surrounding NFTs in the tweet. While Uniswap's goal for these discussions and potential collaborations with lending protocols is NFT financialization, the crowd on Twitter had a mixed reaction. Some users saw the decision as a step toward securing the future of decentralized finance, abbreviated as DeFi. Other users questioned Uniswap's interest in NFT financialization, pointing to the possibility of profiting from liquidation. Uniswap has taken significant steps in recent months to incorporate NFT activity into its service ...

The hardest task an investor must complete before starting an investment journey is selecting a firm. If the business isn't up to grade, you'll lose your money. As a result, it is an extremely important issue. Due to the abundance of firms available for investment, it might be challenging for Indian investors to identify the finest ones. But there is a problem here. And you might just assume it. That is the challenge in choosing the best business. Here are some top business lists for you to check out: Reliance Industries, Inc. The Indian industry with the largest market capitalization is Reliance Industries. The international company has its headquarters in Mumbai and operates in a number of industries, including petrochemicals, textiles, and telecommunications. Market capitalization: 1,795,732.38 crores. TATA Consultancy Services, second The second-placed Indian industry is Tata Consultancy Services (TCS). TCS is a Mumbai-based provider of information technology (IT) services,...

In layman's terms, risk management is a method that enables one to comprehend and control both specific risk occurrences and total risk in a way that maximizes success by reducing risks and maximizing opportunities and results. By embracing preventative management rather than reacting to crises as they arise, one can effectively manage risk by trying to have as much of an impact as possible on future events. Therefore, effective risk management has the capacity to reduce potential repercussions of an event as well as the possibility that a risk would materialize. Structures for Risk Management Risk management structures are designed to do more than merely identify potential issues. A sound risk management strategy should consider the unknowns and how they will impact a company. As a result, you must determine whether or not to take chances. Depending on how much risk they are ready to take, a firm will either accept it or not. The framework of risk management can be used to support...

The most recognizable and easy-to-spot chart pattern in technical analysis is the "head and shoulders," which consists of a horizontal line with three peaks, the highest of which is in the middle. The head and shoulders pattern indicates a change in trend from bullish to bearish and the end of an uptrend. The pattern is present across all time frames, making it accessible to all traders and investors. This chart pattern makes it easy to set entry points, stop losses, and profit targets by highlighting key support and resistance points on the chart. The effectiveness of the head-and-shoulders pattern, and why it works so well. Inconsistencies and flaws in patterns are to be expected. However, there are a number of theoretical reasons why this pattern should hold true (we'll use the market top as an example, but it applies equally well to the bottom as well): As prices fall from their recent high, buyers are becoming more cautious (head). In addition to buyers, sellers have...

On Tuesday, oil prices declined, erasing some of the gains made in the previous trading session. This was due to market participants' concerns that more aggressive interest rate hikes from central banks could result in a worldwide economic slowdown and a reduction in the demand for fuel. After gaining 4.1% on Monday, the largest gain in more than a month, Brent crude futures LCOc1 for October settlement dropped 81 cents, or 0.7%, to $104.28 a barrel as of 03:59 GMT on Tuesday. This coming Wednesday marks the end of the October contract, while the more active November contract was trading at $102.33, a decrease of 0.6%. Following a surge of 4.2% in the previous session, the price of U.S. West Texas Intermediate crude CLc1 was reported to be $96.68 per barrel, a decrease of 33 cents, or 0.3%. Inflation is close to reaching double digits in many of the world's largest economies, a level that has not been seen in almost half a century. This could prompt central banks in the United ...

It's like the Wild West, say workers in the metaverse. Your choice. Is it a brand-new market for people looking to get rich? Anarchy? a peculiar, remote location? possibly all. No one in the Wild West paid $650,000 in cryptocurrencies to buy a digital boat. In the metaverse, a rising number of virtual online worlds where people live and play exist, real estate speculation is rampant. Investors anticipate that it will be a component of a paradigm shift in how we use the internet—a decentralized version of Web3 that will take back control of the online from large computer corporations and offer consumers control, privacy, and security. According to McKinsey, between January and May 2022, businesses, VCs, and private equity invested $120 billion in the metaverse. The value of real estate has fallen. According to WeMeta CEO and co-founder Winston Robson, land prices in The Sandbox, Decentraland, Cryptovoxels, and Somnium Space have dropped by 50 to 80 percent this year. The actual econ...

Traders need the same self-control as any other successful entrepreneur. The very first thing you need to do is create a trading plan on paper. You should keep your own records so that you may evaluate your broker's statements independently. A straightforward Excel tally sheet detailing daily, weekly, and monthly totals would do the trick. Include gross profit/loss, a number of trades, commission expenses, ECN fees, other costs, net profit/loss, equity (verify that it matches brokerage reports), and any pertinent data. Use this data to your advantage and become a better trader. Look for trends and the connection between revenue and expenditures. Included in your trading plan should be a breakdown of the many trades you intend to make during the day or week. Traders that are likely to succeed do not just look at their charts and make a move. Before moving forward with an attack, they considered every possible outcome and made preparations accordingly. The first and most crucial step...

A double bottom pattern is a charting pattern that is used in technical analysis to signify a shift in trend as well as a change in momentum from earlier leading price action. This pattern is referred to as a "double bottom." It depicts the fall of a stock or index, its subsequent recovery, its subsequent fall to the same level or one that is significantly lower, and its subsequent rebound. The curve of the double bottom is somewhat reminiscent of the letter "W." A support level is defined as the low point that has been reached twice before. What are the possible meanings behind a double bottom? The bulk of technical analysts agree that the initial bottom ought to go up by 10 to 20 percent. The second bottom should form within three to four percentage points of the low that was reached previously, and the volume of the succeeding rebound should increase. It is best practice to utilize a double bottom pattern, along with the majority of other chart patterns, to analy...

After another Federal Reserve member signaled the probability of sustained aggressive monetary tightening on Monday, the U.S. dollar index jumped to a new five-week high before the Fed's critical Jackson Hole symposium this week. After Russia said that it might cut off European gas supplies through the Nord Stream 1 pipeline for three days at the end of this month, worsening the region's energy crisis, the euro dropped to its lowest level in five weeks. The Chinese central bank slashed key lending rates, the latest in a series of monetary easing measures meant to shore up an economy suffering from COVID-19 crackdowns and a property crisis, which caused the yuan to fall to its lowest level in over two years. Last up 0.074% at 108.23, the U.S. dollar index rose to 108.26 for the first time since July 15 versus a basket of six rival currencies that includes the euro. This comes after a week in which the market rose 2.33 percent, its largest weekly rise since April 2020 and against...

In the last five days of trading, the GBP/USD had another week of chaotic results, and it's likely that the currency pair hasn't seen the end of chaotic results yet. The GBP/USD hit a high of almost 1.14950 on October 4 and 5. Some traders might think this has a lot to do with the "turnaround" of the Conservative government under Liz Truss, but they might be wrong. When the proposed tax plan of the U.K. government got a lot of bad press, the government pretty much gave up on it. Prime Minister Liz Truss changed her mind about what she said she believed in just a few days. Many financial institutions were not happy about this. The GBP/USD exchange rate will be around 1.10900 when the week starts. Before last week's weekend, the GBP/USD was almost always trading calmly near the 1.12100 ratio. The markets turned again when the U.S. jobs report came out and was better than expected. The situation is a mess because of bad leadership and unclear interest rates. Early la...

For the purpose of assessing the threats to national security and law enforcement posed by the proliferation of digital assets, the military's innovation section is now conducting a comprehensive study of cryptocurrency. DARPA, the organization responsible for creating the original internet infrastructure, has hired crypto intelligence firm Inca Digital to conduct the study for a period of one year. In order to help authorities crack down on illegal use of digital assets, the business will develop tools to give the Pentagon a bird's-eye view of how the crypto market really functions. Mark Flood, a CIA program manager, explained to The Washington Post that the agency is "mapping the cryptocurrency ecosystem in some depth" through this operation. The government plans to use the information for more than only fighting illegal funding; it will also be used to better understand the mechanisms at work in the more opaque traditional financial markets. The accord is the most ...

Some individuals, especially in the developing world, perceive crypto as a safe refuge amid economic storms, despite the fact that it is regularly condemned for its volatility, its usage in unlawful transactions, and the enormous amount of electricity it requires to mine it. Back in September of 2021, El Salvador was the first country to legalize the currency. It wasn't until April of this year that the Central African Republic joined the ranks of those countries. In spite of this, critics have come up with new measures to restrict the usage of cryptocurrencies even as their popularity grows as a means of investment and subsistence. It's important to keep in mind that the legal status of Bitcoin and "altcoins" (currencies that are similar to Bitcoin) varies widely from nation to country and that the link between them is murky at best in certain places. Bitcoin is not illegal to use in most countries, but its regulatory treatment differs depending on whether it is trea...