OneCoin was a digital currency scheme founded in 2014 that was eventually found to be a fraudulent Ponzi scheme. Scott was one of the most high-profile individuals involved in the scam. The co-founder of OneCoin, Karl Sebastien Greenwood, is already behind bars after he was handed down a 20-year sentence in September last year. Both…
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As a consequence of rising interest rates, higher asset return requirements have also become a drag on the global economy. In 2024, we are in for an election year of heightened geopolitical tensions in the US and worldwide. In addition, the likelihood of the Fed guiding the US economy to a safe landing with interest…
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While some factors like supply and demand will drive the price of gold over the long term, the issues tend to play out over an extended period. The part of supply and demand that plays a role over the medium term is the trajectory of the change in the dynamics. Over the medium term, the…
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The latest US subscriber numbers came in at 32.3 million. A year-on-year comparison shows a decrease of 18,000 subscribers, while Wall Street predicted an increase of roughly 3,600 subscribers. Yahoo Finance reported that Comcast management chalked the subscriber losses up to an increasingly competitive market, with mobile providers such as Verizon (VZ), T-Mobile (TMUS), and…
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There was strength across various asset classes, with interest-rate products among those growing at an impressive rate. The standout performer was Ultra US Treasury Bond Futures, which soared to 308,238 contracts. There was also robust volume growth for SOFR futures (+44%) and options (101%). However, last year’s record-setting September meant a year-over-year decline for a…
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What Is Trading Psychology? In the financial market, trading psychology refers to studying and understanding the emotional and psychological aspects that influence traders' behaviour, performance, and decision-making. It involves assessing a trader's self-control, cognitive biases, emotions, and mental state. Trading psychology recognises that traders are influenced by various psychological factors that lead to impartial thinking…
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It may be stating the obvious, but the forex industry is extremely competitive from a brokerage perspective. How does a broker, especially one in the low to middle bracket with limited resources, stand out from the crowd and build a growing customer base? Yes, marketing promotions are one method, but how do you conduct those…
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Creative thinking in times of uncertainty In fact, only those trading brands who were able to offer their clients something extra, can now report a successful Q1. On that matter, MrGuru’s spokesperson commented that “the company has found ways to stay ahead of the game, by not trying what all the other trading brands are…
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The civil monetary fine that Spence will have to pay amounts to $33 million according to the latest CFTC order, with restitution penalties totalling just over $11 million to be paid to Coin Signal customers who fell victim to the fraudulent scheme. The initial complaint stated that Spence eventually conceded to Ponzi victims that he…
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Net deposits from XTB clients remained at PLN 951.2 million for Q1, and the report stated a significantly higher figure than 2020’s Q4 figure of PLN 619.7 million. XTB released the latest news just after markets closed for the weekend, meaning reactions to its Q1 figures will unfold throughout the week. In fact, shares in…
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