How To Read A Forex Quote And Other Jargon?

Beginners in the currency trading market often get confused when it comes to the currency quotes. In this session, we’ll take you through currency quotations and how these quotations work in the currency trading market.

How to Read a Quote?

As you are aware, the quote for a currency is always done with respect to another currency. In simple terms, a currency quote reflects the value of a particular currency with respect to another currency. So, when you are trying to figure out the exchange rate between US dollar and Japanese yen, the quote would look something like this:

USD/JPY = 116.50

This is called a currency pair. The currency on the left side is called the base currency whereas the currency on the right side of the quote is known as counter currency or quote currency. In this case, the base currency is USD and the quoted currency is Japanese yen.

This quote shows the amount of Japanese yen you will get in exchange for one unit of base currency (USD). In simple terms, it means US$1 = 116.50 JPY. If you want to exchange USD for Japanese yen, you will get 116.5 Japanese yen for one US dollar. The forex quote given above uses the currency abbreviations for these particular currencies.

Difference between Direct and Indirect Quote

Currencies are quoted directly as well as indirectly. In fact, this is the biggest source of confusion for beginners in the foreign currency trading market. Here is a brief guide on the difference between direct and indirect currency quote.

In simple terms, a direct currency quote is defined as a currency pair where the quoted currency or counter currency is the domestic currency. On the other hand, the base currency is the domestic currency in case of an indirect quote. So, if you want an indirect quote for Canadian dollar versus US dollar, it will be quoted as CAD/USD whereas the direct currency quote for this currency pair would be USD/CAD.

Another way to remember this concept is to keep in mind that in case of direct quote, the domestic currency varies with regards to the foreign currency or base currency, and the base is fixed at one unit. The opposite happens in case of indirect quote where the domestic currency remains fixed at one unit whereas the foreign currency varies with respect to the domestic currency.

Read moreHow To Read A Forex Quote And Other Jargon?

Signals of a Price Fluctuation: What You Need to Know About Trading Binary Options

Trading-Binary-OptionsThis article will review several signals that indicate that a Binary option’s price is about to fluctuate. There are a number of reasons why movement occurs. It is important to understand why and how this happens, so that you can be more successful as a result.

If you want to excel while working with binary options, you have to be able to identify trends in the market. This is difficult to do; sometimes you will succeed and sometimes you will not. However, if you understand what signs to watch out for, and you do not mind investing time into the research process, you can earn a lot of money. However, you have to constantly stay involved and up to date if you want to make this happen.

Why Currency Values Change

To start, we will examine some signals that you need to watch for when it comes to currencies. These signals will help you determine if a given currency is going to move in a certain direction.

The currency of a country is going to go in a downward spiral very quickly if there is civil unrest. If the unrest continues for a period of time, the currency will continue to drop, sometimes getting very low. Therefore, it is important to follow world news so that you know when a given country may be in peril. This is a strong indication that the currency will go down.

Politics also impact a country’s currency. If there is an upcoming election, currency will move. However, you do not know for sure that the currency is going to move down. Sometimes, the country’s currency may begin to move upward, because the change in leadership actually helps the finances of a particular country.

Finally, the time of the year has an impact as well. Countries that are known as a vacation destination have a rise in currency when tourism season is in full gear. However, in the off season, the currency typically goes down. As you begin to pair currency options, make sure you think through this phenomenon.

Read moreSignals of a Price Fluctuation: What You Need to Know About Trading Binary Options

Make Money With One Touch Binary Options

Binary-Options-trading-Strategy

Each individual trader is unique. I have never encountered two traders who see market opportunities in exactly the same way. Every individual trader see the market from his or her own perspective, and this is what creates the market in the end. In this article we will cover trading two specific instruments, the one-touch put and one-touch call, to profit using one one-touch options through combining two different views, that of market volatility and market direction.

When trading this instrument, I use the binary platform at www.optionFair.com. It offers one-touch puts and calls for a wide range of options, including my favorite, which is the Euro vs. US dollar. Currently the rate is about at the 1.3000 level. Perhaps this large figure will spark a significant move in either direction. However, there is sure to be some kind of action at this level as the market decides whether it is at a resistance or support level.

Read moreMake Money With One Touch Binary Options

Dennis Moreland Push Money App System Review

pushmoneyapp-review

Recent Facebook testimonials that i received, read more and comment at the end of this review.

danannaelton

Who doesn’t want to be rich? Who does not want to have a sustainable source of income and that just deposits money into their account without lifting a finger? Who does not want to have access to a system that just simply keeps making money month after month? Everyone does!

But, does such a system exist?

A number of trading systems have been launched in the market over the past few years with tall claims of making unlimited amount of money for the buyers. Many unsuspecting buyers trusted what the creators said in their sales videos and spent huge amount of money to buy those systems. Unfortunately, a significant majority of such systems turn out to be complete scams and buyers often lose all their money.

One system that has been creating a lot of buzz lately in the binary options trading community is the Push Money App. This system has made a lot of really for its creators as well as a handful of beta testers. One of the biggest advantages of binary options trading is that it has so many opportunities to make money for smart people with access to the right trading system.

It does not take a lot of initial capital to start making insane amounts of money but one does need to have the right trading system to be successful in this market. This does not mean that anyone can sign up with binary options trading broker and start making money.

This market can be brutal and traders can lose all the money in their account within a few short minutes if they don’t use the right system. This is why having access to the right trading system is of extreme importance in the binary options trading market.

As mentioned above, there is no dearth of trading system with tall claims to make money but most of these systems fail to deliver on their promises.

Is Push Money App System different? Does it really make money? Is it a scam or real deal? In this Push Money App Review, you will get to know about everything you want to know about this system.

Push Money App Video Presentation

Push Money App Video

One of the first things you may notice about the sales page is that it is not open to general public. It is available only to a select few who have been given the URL to the private invite page. Most of the other systems open their sales page to the general public as soon as possible to get as many unsuspecting buyers as quickly as possible. However, only a select few have been given access to the Push Money app private invite URL.

The video starts with Dennis Moreland showing the account of a new user who has just signed up. He refreshes the account twice and the account balance moves from a just above $5000 to more than $11,000 within a few seconds. There is no mention or pictures of fast cars, costly houses, boats or any other opulent signs of wealth that have become so common with these sales videos. In fact, the video starts with video testimonials from successful users.

push-money-app-testimonial1

The camera takes us to one of the users named Jack. He shares his experience after making so much money with this system. In fact, he clearly says that if anybody had told him that he will be able to make $1000 an hour with this system, he would have called them crazy but this is exactly what happened. We are shown account balance of Jack that is just a few dollars shy of $10,000 and this is an account that is less than 24 hours old.
There is another testimonial from Margaret who mentions that she followed the instructions exactly as given by Dennis and she was $10,000 richer in just four hours.

This is a completely different way of introducing a trading system as all the other videos promoting other trading systems start by flaunting high-value houses, boats and cars among other things. They just try to overwhelm the buyers with blatant display of wealth.

While there are some pictures of big boats, big houses and other signs of wealth, these are just shown in the passing and not the main focus of the video.

push-money-app-testimonialThe video begins by showing testimonials from satisfied beta testers who are just ordinary people. These people have never been able to make so much money so fast in their lives. The way this sales video begins is completely different from other scam trading systems.
Dennis does not want to waste time of people watching the video. So, he promises to send anyone who is watching the video a check for $1000 but he then subtly poses the question, whether you would like to have a system where you can print such checks every hour?

Well, who wouldn’t want to have such a system. It feels a bit cheeky but it’s a sales video promoting their system.

After the testimonials, Dennis introduces his wife Amy who is in charge of the customer support. Then, we are introduced to his partner, Mike Callahan.

 

.Dennis Moreland and Mike Callahan

Mike-Callahan&Dennis-Moreland

They are the creators of this system. In fact, they are the investors who along with one other partner hired a team of programmers and spent over $1 million to develop the system that generates thousands of dollars each day.

Dennis and Mike first met in 2009 at the tennis club. Dennis at that time had a number of online businesses and was looking to diversify his portfolio by investing in real estate. As it so happened, Mike used to have a real estate company and was looking for advice to invest in shares. So, they traded tips and Dennis closed his first real estate deal and made some money with the help of Mike.

Dennis had the right connections with some of the top brokers in the industry and helped Mike get started. So, they started working together and made a deal with one of the owners of the top brokerage firms in the world.

The trio developed a system that printed massive amount of money day after day and they spent over $1 million to automate everything. In fact, this system turned out to be so successful that Dennis and Mike sold all their other businesses and focused solely on this system.

However, their other partner got greedy and started stealing money from the company. When they discovered this, they pushed him out of the company and kept the system for their own use.

Recently, they discovered that their former partner is planning to start selling their system for a monthly fee of just $9997. So, they decided to create a new company and decided to give this system for free to help a few people achieve their dreams.

The Program

PushMoneyapp

This program is so intuitive and easy to use that it is literally like pushing a button to make money. Even though Dennis and Mike had been making millions of dollars successfully with this system, they still decided to give this program to a few select beta testers to find out if this system works as good for beginners as it has for them.

To select the beta testers, they advertised on Facebook targeting users who had already tried other such systems to make money and failed. Five beta testers were randomly selected from thousands who applied. Dennis created test accounts for these beta testers and funded their account with $250 initially.

This beta test was conducted over a period of six months and Dennis met the five beta testers after 180 days to check the results. The program turned out to be overwhelmingly successful for all the beta testers. In fact, it was so successful that the lowest amount of money made by one of the beta testers was more than $500,000. The topmost beta tester in the group made well over $1.4 million in just six months.

The very fact that creators of this program do not shy away from showing the results obtained by beta testers after six months shows that they have confidence in their system and their system works over the long term.

It is not like some of those other systems that make buyers money in the initial few days but then simply start losing money. The Push Money app has consistently made money for the group of beta testers over a period of six months.

How Is Push Money App Different?

push-money-app-main

This software is a lot different from other trading software being promoted in the binary options trading market today. One of the most unique things about this software is that it is completely automated and hands-off. The users only need to open a free account and fund their account with a minimum of $250 initially to let it go to work.

This system has been specifically designed for beginners and does not need any kind of technical skills. The success of the group of beta testers over 180 days shows that anyone can make money with the system.

In fact their program has been so successful that they received the highest award at NY Trading Convention in 2015 for the most profitable trading software. No other trading software related to binary options, Forex or MLM was even present at the convention.

What about Disclaimers and ToS?

One of the things that separates this trading software from the others is that it has actual earnings disclaimer page, government disclaimer page, privacy policy, terms of service and spam policy among other things.

Also, these pages are not some cookie cutter templates that have been copied from the Internet. These pages are specifically written for this website and clearly mention the risks as well as various other such things as required by law.

Most of the other systems that have been created to scam the buyers usually do not have any disclaimer page or terms of service page. Overall, their disclaimer and ToS look legitimate.

They have also published their physical address on their website and it is not some PO Box address but an office in Florida. Such transparency clearly shows that their system is legitimate and not some fly by night operation.

Pros

push-money-app-trading

  • The system is being given completely free and the only thing users need to do is to fund their account with a minimum of $250 to start making money.
  • The creators of this software are also offering matching bonus up to $10,000 when a user signs up with the recommended broker inside the app and makes the initial deposit.
  • The system is completely automated and takes care of everything.
  • It has successfully made over a million dollars for one of the beta testers over the 180 day testing period which means that it is suitable for long-term trading.
  • Users do not need to have any technical skills to successfully use the software as the only thing they need to do is to fund their account with a minimum of $250.

Potential Cons

  • This software is not for someone who wants to know everything before making each trade as the system is completely automated and the secret sauce is in its programming.
  • They have now opened their doors to everyone and their ex-partner is also going to launch the system in the near future. So, the profit potential of this software may not remain as high in the future as it is today.

Conclusion

Overall, there are a number of things that separate Push Money App from various other trading systems available on the market today. The video does not use any underhanded sales tactics to sell the software to the users. They really show the video testimonials from beta testers over a period of 180 days.

The beta testers are selected randomly and range from a 72-year-old retiree with no experience in trading to a recently divorced mother of three who had never made money online. The success of the software across such a wide range of beta tester shows that this software is capable of making money for everyone.

They are giving this for free to a limited number of people. The only thing you need to do is to sign up and make the minimum deposit of $250 to get started. The software will do the rest.

So, what are you waiting for? Such opportunities do not come often.

Sign up and prosper.
Push Money app

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emma

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Have you invest in PMA? Please share with us in the comment section below your success stories, questions or anything related to PMA.  

Dollops of Advice on Starting Smart in the Binary market

Making a start in the foreign currency exchange market, better known as the binary market, may seem like a daunting challenge to the rookie trader. Nevertheless, with a little experience and a few insights this can become an exciting way to begin turning a profit. If you have often wondered how you could make a start , then read on; this article has all the basics.

Read moreDollops of Advice on Starting Smart in the Binary market