...: February 2020

Washington State Law Recognizes Blockchain Records as Legally Valid and Enforceable

Washington State Law Recognizes Blockchain Records as Legally Valid and Enforceable

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Washington state has passed a bill that recognizes and protects the legal status of electronic records pertaining to distributed ledgers.
The United States state of Washington has passed a bill that recognizes and protects the legal status of electronic records pertaining to distributed ledgers like blockchains. The bill, substitute senate bill 5638, was signed into effect by Governor Jay Inslee on April 26.The original version of the bill had its first reading by the Washington state legislature on January 25, 2019. The bill has now passed with 96–1 and will go into effect in late July.The new law has a clause which prevents discriminating against electronic records which have in some way been part of a distributed ledger:“An electronic record may not be denied legal effect, validity, or enforceability solely because it is generated, communicated, received, or stored using distributed ledger technology.”The bill also provides legal definitions for the terms “blockchain” and “distributed ledger” that can be referred to moving forward.The Tennessee legislature made a similar move in March 2018, when Governor Bill Haslam signed a bill that “‘recognizes the legal authority of blockchain technology and smart contracts in conducting electronic transactions,’” according to its summary.As Cointelegraph previously reported, Ohio has recently introduced a bill that also is related to the use of distributed ledgers. In this instance, House Bill 220 aims to allow the government of Ohio to implement blockchain-aided solutions. For instance, blockchain could allow the state government to readily track and share identifying information, such as car titles and licenses.

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https://cryptocurrency.atspace.co.uk/washington-state-law-recognizes-blockchain-records-as-legally-valid-and-enforceable/

Another Fan Token: WestHam Soccer Club Signs with Socios.com

Another Fan Token: WestHam Soccer Club Signs with Socios.com

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Back in September, Juventus Soccer Club launched its own ‘fan token’. Now, the partner behind that token, Socios.com, is buddying up with West Ham United.
The Socios.com Fan Token
Socios.com is a “new app for football fans.” It allows its users to vote on club matters by collecting the fan token that is issued by the Socios blockchain and tradeable against the platform’s native cryptocurrency ChiliZ (CHZ).
As stated, Juventus signed up last September. Paris St. Germain soon followed, inking its deal two weeks later. West Ham is the first Premier League club to ...
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ITIF Releases Guide to Regulating Blockchain for Policymakers

ITIF Releases Guide to Regulating Blockchain for Policymakers

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ITIF asks governments to put forth more effort in supporting legitimate blockchain innovation and adoption
The Information Technology & Innovation Foundation (ITIF) released recommendations for policymakers on how to regulate blockchain technology on April 30.Founded in 2006, ITIF is an independent nonprofit institute that provides policymakers with information, analysis and recommendations for handling new technology. In its new guide, ITIF included an array of proposals for policymakers to better regulate blockchain based on principles like technology neutrality and public-sector adoption.The guide predicts that blockchain will likely factor into major applications such as cryptocurrencies, shared data services, smart contracts, decentralized marketplaces, authenticity tracking, and digital identity applications. It also adds that uninformed lawmaking threatens to hamstring development.Data-use regulations in particular can affect blockchain deployment. For instance, some of the E.U.’s provisions, the guide explains, are inconsistent with the tamper-proof nature of blockchain transactions.As blockchains are peer-to-peer networks without intermediaries, it is difficult to edit or retroactively change data. It is possible that some users could exploit the technology to store prohibited information, but the report stresses that “current versions of public blockchains are not optimal solutions to storing or sharing illicit or pirated content.”Generally, ITIF encourages governments to make more effort to support legitimate blockchain innovation and adoption by developing relevant regulations that do not limit blockchain-based applications out-of-hand.Reflexive measures run the risk of cutting off blockchain development outright. Earlier this week it came to light that the Indian government is examining a bill that would ban cryptocurrency entirely.

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https://cryptocurrency.atspace.co.uk/itif-releases-guide-to-regulating-blockchain-for-policymakers/

Bithumb Sells $350 Million Stake in Its Cryptocurrency Exchange

Bithumb, one of the largest cryptocurrency exchanges in South Korea by its daily trade volume, has sold more than 38 percent of its ownership to a blockchain consortium in Singapore, Coindesk Korea reported this morning. The stake was sold for 400 billion won, or $350 million USD.

Stake Sold

Bithumb signed the deal on October 11th with BK Global Consortium. BK Global Consortium is a blockchain investment firm that was formed by BK Global, a plastic surgery medical group in Singapore.

BTC Holdings Company currently owns 76 percent of Bithumb’s equity and has agreed ...

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http://cryptocurrency.atspace.co.uk/bithumb-sells-350-million-stake-in-its-cryptocurrency-exchange/

Ripple (XRP) Climbing After Crypto Market Correction

Ripple (XRP)

Ripple (XRP) is making a dashing comeback this morning after the crypto market lost over $20 billion in value this week. Many of the other cryptocurrencies in the top 20 were seeing double-digit losses yesterday, as investors began dumping their digital assets. Now it seems most are making a comeback and XRP is leading the way.

Ripple (XRP) Comeback

Ripple concluded its annual Swell conference last week. The company put together a two-day conference that was held in San Francisco.

#SwellbyRipple is a wrap for 2018! Thanks to all those who joined us in ...

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South Korean Financial Regulator Reaffirms Negative Stance on ICOs and Crypto

A top Korean financial regulator has reiterated his negative position on ICOs and digital currencies, though he does not deny the potential of blockchain.

The chairman of Korea’s Financial Services Commission Choi Jong-koo has reaffirmed his negative position on digital currencies and Initial Coin Offerings (ICOs), Business Korea reported Oct. 11. Choi spoke at a parliamentary audit session of the commission held at the National Assembly.

South Korea prohibited ICOs in September last year, stating that such a type of fundraising is “almost a gamble.” This August, Korean lawmakers, including participants from government ministries, returned to the cryptocurrency issue, focusing on repealing the country's ICO ban. Lawmakers agreed on the need to develop a related policy before carrying a resolution on ICO reallowance.

At the recent session, Choi reportedly said that “the government does not deny the potential of the blockchain industry," while noting that it “should not equate the cryptocurrency trading business with the blockchain industry.” Choi said:

"Many people say the Korean government should allow ICOs, but ICOs bring uncertainty and the damage they can cause is too serious and obvious. For these reasons, many foreign countries ban ICOs or are conservative towards them.”

Choi also addressed criticism of commercial banks that refused service to crypto exchanges, stating that "exchanges should be able to persuade banks to issue bank accounts to them.”

Other officials have said that the South Korean government is “likely” to announce its official position on ICOs in November. The Chief of the Office for Government Policy Coordination Hong Nam-ki said that the government will announce its position once it finalizes its discussion and receives the results of a government survey.

Hong told Korean business publication the Investor that the government launched a survey of blockchain companies to gather their views on the current legal framework.

In September, South Korean cabinet ministers agreed to exclude all sale and brokerage of digital assets based on blockchain technology from venture business classification. The move was reportedly taken in order to “strengthen the cooperation of related institutions” and to protect citizens from the “illegal activities” related to the digital assets business.

http://cryptocurrency.atspace.co.uk/south-korean-financial-regulator-reaffirms-negative-stance-on-icos-and-crypto/

World Bank President: Distributed Ledger Technology Has ‘Huge Potential’

World Bank President Jim Yong Kim has stated that blockchain technology has “huge potential” that can help the organization “leapfrog generations of bad practice.”

The president of the World Bank Group Jim Yong Kim has stated that distributed ledger technology (DLT) has “huge potential” and that the bank should keep pace with innovative technologies. Kim spoke at the International Monetary Fund (IMF) and the World Banks’ Annual Meeting in Bali, Indonesia Oct. 11.

Kim addressed the importance of fighting poverty while boosting prosperity, pointing out that “there are innovations in the technological world that can help us leapfrog generations of bad practice, generations that would take forever in terms of reducing corruption.” Kim said:

“We talked about cryptocurrencies, but we think distributed ledger has huge potential and we issued the first blockchain bond in August, where we created, allocated, transferred and managed the entire bond through blockchain technology.”

Kim further noted that the deployment of blockchain helped the group reduce paperwork and costs, adding that it is “something that can be extremely helpful” in the future. He admitted, however, that the bank has not been keeping up with all the latest developments, particularly in a way that would help their customers take advantage of the “great things that are coming out.”

According to Kim, the World Bank’s goal is to develop universal access to financial services by 2020 which, in his opinion, will not happen without deeper engagement with the technology world.

As previously reported, the World Bank and the Commonwealth Bank of Australia (CBA) issued a public bond exclusively on a blockchain. The $73.16 million deal entails two-year bonds that reportedly settled Aug. 28 and have been priced to yield a 2.251 percent return.

Following the positive results of the blockchain-platform, Arunma Oteh, a treasurer at the World Bank, stated that the bank “will continue to seek ways to leverage emerging technologies to make capital markets more secure and efficient.”

Notably, the World Bank President has previously expressed criticism towards digital currencies. Speaking with CNBC in October last year, Kim shared his bullish views about blockchain technology, while noting the risks of blockchain derivatives like Bitcoin. He stated then:

"Blockchain technology is something that everyone is excited about, but we have to remember that Bitcoin is one of the very few instances [of blockchain’s use in currency]. And the other times when blockchain was used they were basically Ponzi schemes, so it’s very important that if we go forward with it, we're sure that it’s not going to be used to exploit.”

http://cryptocurrency.atspace.co.uk/world-bank-president-distributed-ledger-technology-has-huge-potential/

Another Fraudulent ICO Shut Down By the SEC—Here We Go Again!

Fraudulent ICO

Wow. It is a solemn day for cryptocurrencies everywhere! According to CoinMarketCap, the market is experiencing a big crash with most coins seeing double-digit losses. I wish I could be bringing a lighter tone to this grey picture, but another fraudulent ICO has been shut down by the SEC earlier today.

Is such market volatility going to spell the end for cryptocurrency? Between vast and sudden sell-offs and another fraudulent ICO, you begin to understand why so many bears populate this sector. What’s going on?

Another Fraudulent ICO

Earlier today, the US Securities and ...

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http://cryptocurrency.atspace.co.uk/another-fraudulent-ico-shut-down-by-the-sec-here-we-go-again/

Cryptocurrency Sell-Off: Bitcoin (BTC) Plummets and Market Follows Suit

Cryptocurrency sell-off

The cryptocurrency market took a huge hit nearly 12 hours ago when Bitcoin (BTC) abruptly dropped over $200 in value within minutes. After BTC dropped, a widespread cryptocurrency sell-off took place and hasn’t slowed down since.

Cryptocurrency Sell-Off

According to CoinMarketCap, Bitcoin (BTC) is currently trading at $6,264.43 a coin, down -4.63%. Most of the cryptocurrency market has followed Bitcoin’s spiral, and most coins in the top 15 cryptocurrencies by their total market cap are seeing double-digit percentage losses.

Ethereum (ETH) is currently trading at $201.10 a coin, down -11.07% in 24 hours, and ...

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http://cryptocurrency.atspace.co.uk/cryptocurrency-sell-off-bitcoin-btc-plummets-and-market-follows-suit/

SBI’s Crypto-Focused Venture Capital Arm Sees Major Turnaround On Year

SBI’s Crypto-Focused Venture Capital Arm Sees Major Turnaround On Year
SBI Securities’ trading revenue surged 19% in 2019 due to the inclusion of SBI VC Trade crypto affiliate in July, SBI Holdings says.
SBI Securities’ trading revenue surged 19.2% in 2019, largely due to the inclusion of the company’s crypto investment wing, which turned a $7.1 million loss into a $30 million profit over the year.Japanese financial services giant SBI Holdings released its new financial report on Oct. 30. The report analyzed results for the six-month period ended Sept. 30, 2019 and witnessed major growth of SBI’s crypto-heavy venture capital arm in 2019 amid a general decline in SBI’s revenue.SBI VC Trade profits grow over $30 million over a yearAccording to the report, SBI VC Trade’s profit before income tax expense has seen a considerable increase in the first half of the fiscal year (FY) 2019. The number has surged from 765 million Japanese yen ($7.1 million) in losses in H1 FY2018 to as high as 3.2 billion yen ($30 million) in profits in H1 FY2019, the firm said.SBI Holdings noted that SBI VC Trade, an SBI affiliate that operates a crypto asset exchange, became a subsidiary of SBI Securities in July 2019. SBI’s crypto mining business SBI Crypto surges $10 millionAlongside notable growth of crypto exchange-driven profits, SBI has also recorded a significant increase in profits from its cryptocurrency mining business SBI Crypto, according to the report. As such, the business’ profit before income tax expense added almost $10 million from 783 million yen ($7.2 million) in losses in H1 FY2018 to 293 million yen ($2.7 million) in H1 FY2019.SBI added that it also expects a further increase in the scale of crypto asset mining due to new miner operations within the year as well as in-house miner operations in 2020.Earlier this year, SBI established a dedicated division for manufacturing crypto mining chips.Further advances with RippleSimilarly to previous financial reports, SBI has again outlined the growing importance of Ripple’s technology in its remittance division, SBI Remit as well as the development of Ripple’s xCurrent-based remittances. SBI noted that its Ripple-connected subsidiary SBI Ripple Asia is expected to cover nearly 50% of the overall Ripple network once the connection is activated.On Oct. 1, Cointelegraph reported on SBI Securities and five other Japanese brokerage firms including Rakuten Securities setting up Japan Security Token Offering Association.
http://cryptocurrency.atspace.co.uk/sbis-crypto-focused-venture-capital-arm-sees-major-turnaround-on-year/

Coinbase Launches First ERC-20 Token on Platform

Crypto exchange Coinbase has launched the 0x token on Coinbase Pro, it will be the first ERC-20 token supported on the platform.

Leading U.S. cryptocurrency exchange Coinbase has started listing 0x (ZRX) token, according to an announcement published Oct. 11. The move marks the first time Coinbase has added support for an ERC-20 token.

ERC-20 tokens are tokens developed and used solely on the Ethereum (ETH) platform, where ERC stands for Ethereum Request for Comment, and 20 is the number assigned to this request. ERC-20 makes the creation of new tokens extremely easy, which is why ETH became popular with crowdfunding companies working on Initial Coin Offerings (ICOs).

Per the announcement, Coinbase has launched support for ZRX on its professional platform, Coinbase Pro, although trading will only be allowed once sufficient liquidity is established. The exchange notes that a separate announcement will be made when the token becomes available on coinbase.com and on its iOS and Android apps.

ZRX trading will be available in most jurisdictions, except the state of New York during its initial launch stage. Coinbase has divided the launch into four independent stages for each new trading pair; ZRX/USD, ZRX/EUR and ZRX/BTC, while the exchange notes that currently it will not offer trading on the ZRX/GBP pair.

As Coinbase states in the blog post, in the first, “transfer-only” stage, customers will be able to transfer ZRX into their Coinbase Pro accounts, without an option to place orders. The second “post-only” stage will let customers post limit orders, however with no matches. The subsequent stages — “limit-only” and “full-trading” — will enable matching limit orders and full trading services, including limit, market, and stop orders respectively.

In July, Coinbase announced its was considering adding five new assets — Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and ZRX — to its trading list. The trading platform noted then that the new assets “will require additional exploratory work,” also warning that the listing process may make some coins available for customers to buy and sell only, without the ability to send or receive them using a local wallet.

Coinbase revealed its intention to add support for ERC-20 tokens in March, reversing previous statements from January. “After evaluating factors such as liquidity, price stability, and other market health metrics, we may choose to add any ERC-20 asset added to GDAX to the Coinbase platform,” the platform asserted.

At press time, ZRX is trading at around $0.76, up by 5.42 percent on the day, according to CoinMarketCap. On its weekly chart, the cryptocurrency price surged from $0.62 on Oct. 6 to $0.86 today following the Coinbase announcement. ZRX’s market capitalization is around $407 million, while its daily trading volume is around $67 million, at press time.

0x Weekly Chart. Source: CoinMarketCap

0x Weekly Chart. Source: CoinMarketCap

http://cryptocurrency.atspace.co.uk/coinbase-launches-first-erc-20-token-on-platform/

Report: SEC Expands Crackdown on ICOs, Regulatory Ambiguity Remains

Despite recent calls from Congress to provide regulatory clarity on ICOs, the SEC continues is crackdown on hundreds of ICOs, according to a joint report.

The U.S. Securities and Exchange Commission (SEC) has expanded its crackdown on Initial Coin Offerings (ICOs), putting “hundreds” of projects at risk, according to a recent joint investigation by Yahoo Finance and Decrypt Media published, Oct. 10.

The authors of the report stressed that hundreds of crypto and blockchain startups that conducted token sales have eventually found that they had violated securities laws despite their endeavors to comply with regulations. In response to SEC pressure, dozens of firms have reportedly “quietly agreed” to refund investors’ money and pay fines, rather than attempt to reach a legal compliance.

According to Yahoo and Decrypt’s conversations with more than 15 industry sources, many startups that were subpoenaed by the SEC did not know how to satisfy the commission’s demands, and were unable to consult with other firms on how to handle the matter.

The sources — who are represented by employees of subpoenaed companies or their attorneys — preferred to stay anonymous due to an SEC restriction from disclosing the issue.

An anonymous securities attorney at a high-profile Silicon Valley firm told Yahoo and Decrypt that while “everybody’s holding their breath,” waiting for new rules, the SEC is not going to provide them. According to the anonymous attorney, while dealing with the recently emerged industry, the SEC still applies the “same laws, the same statutes, the same rules, to stocks and bonds and everything else.”

As previously reported by Cointelegraph, there has been a “cascade of uncertainty,” associated with the existing ICO token classification, which only further complicates the development of desperately needed regulations for ICOs.

While major altcoin Ethereum (ETH) was launched back in July 2015, the SEC stated that the cryptocurrency would be regulated as a security only in June this year. Despite calls for regulatory clarity and comments from lawakers that the ICO industry needs “light touch” regulation, the SEC continues its crackdown on ICOs.

According to a recent study by financial research firm Autonomous Research, ICOs raised $20 billion since the start of 2017, which is $18 billion more than the previous year. With that, more than 80 percent of ICOs that were conducted in 2017 have been identified as scams by the ICO advisory firm Statis Group in July. Still, the U.S. is ranked the “most favorable” country for the ICO market, based on amount of funds raised by top companies in the field.

http://cryptocurrency.atspace.co.uk/report-sec-expands-crackdown-on-icos-regulatory-ambiguity-remains/

Blockchain.com Is The Latest to Launch A Fiat Gateway For This Pro-Crypto Country

Blockchain.com Is The Latest to Launch A Fiat Gateway For This Pro-Crypto Country
Blockchain.com Exchange launches Turkish Lira gateway as Turkey becomes a hot spot for global crypto exchanges.
United Kingdom-based cryptocurrency data and wallet provider Blockchain.com has launched a gateway for the Turkish lira on its crypto exchange.Blockchain.com is the latest major crypto exchange to join the growing roster of crypto platforms with a direct gateway for the Turkish lira, according to a press release published on Jan. 29. Blockchain has launched full banking integration to enable users to deposit and withdraw TRY on the exchange platform.Crypto users from Turkey don't need a third-party payment method to buy and sell crypto on Blockchain.com Exchange. The release says that "Turkish users can now deposit, withdraw, and use TRY to buy Bitcoin (BTC), Ether (ETH) and Tether (USDT) and convert their crypto into the fiat currency of their choice." Turkey embraces cryptoThe lira is the fourth fiat currency supported on Blockchain.com Exchange, launched in late August. The platform also supports pound, dollars, and euros. Blockchain.com Co-founder and CEO Peter Smith called Turkey as one of the countries leading the charge to embrace cryptocurrencies, adding that "Blockchain.com is dedicated to providing a fair, global market for Turkey's crypto traders."Peter Smith's description of Turkey echoes sentiments from Binance CEO CZ, who told Cointelegraph in an earlier Q&A that "Turkey is a vibrant country that has illustrated one of the strongest demands and fast-growing interest in crypto." Shortly after the interview, Binance added support for buying Bitcoin and other cryptocurrencies with the Turkish lira through a local wallet partner.Huobi is another global exchange to establish a local office in the country. Their fiat gateway for the lira, first announced at the Eurasia Blockchain Summit last September, is still pending. But the Singapore-based crypto exchange has made some solid moves into the market by joining the Blockchain Turkey Platform and hiring ex-Deloitte Audit exec Alphan Gogus to lead the local efforts.While planning to keep an eye on crypto, the Turkish government also wants to support the adoption of blockchain in the country. Cointelegraph reported that Turkey has plans to establish a national blockchain infrastructure. As part of the roadmap, the country aims to finish testing of a national central bank digital currency (CBDC) in 2020.
http://cryptocurrency.atspace.co.uk/blockchain-%e2%80%8b%e2%80%8b%e2%80%8b%e2%80%8b%e2%80%8b%e2%80%8b%e2%80%8b%e2%80%8bcom-is-the-latest-to-launch-a-fiat-gateway-for-this-pro-crypto-country/

Libra Has ‘Failed’ in Its Current Form Says Swiss Finance Minister

Libra Has ‘Failed’ in Its Current Form Says Swiss Finance Minister Libra, the much-scrutinized proposed cryptocurrency from Facebook (NASDAQ:FB), has “failed in its current form,” according to Swiss President and Finance Minister Ueli Maurer.
Swiss President Critical of Libra Basket
Maurer, who is in the final days of his year-long term as President of the Swiss Confederation, was speaking to the country’s national TV network SRF when he said, “I don’t think (Libra has a chance in its current form), because central banks will not accept the basket of currencies underpinning it,” adding that “the project, in this form, has thus failed.” The Libra Association, the body ...
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http://cryptocurrency.atspace.co.uk/libra-has-failed-in-its-current-form-says-swiss-finance-minister/

Justin Sun Explains the Rationale Behind His $1 Million Greta Thunberg Donation

Justin Sun Explains the Rationale Behind His $1 Million Greta Thunberg Donation
TRON CEO Justin Sun explains how cryptocurrency will help reduce carbon footprints after pledging $1 million to Greta Thunberg campaign.
On Dec. 18 Cointelegraph reported that Tron (TRX) founder Justin Sun publicly pledged to donate $1 million to Swedish activist Great Thunberg to raise global awareness of the climate crisis. Following the COP25 UN Climate Conference in Madrid, Sun tweeted:Although Sun has pledged a donation of $1 million to Greta Thunberg’s campaign, it was left unclear as to how cryptocurrency would help reduce carbon footprints through the creation of decentralized settlements.Regarding this, Sun told Cointelegraph that decentralized settlements and decentralized finance platforms are run by computers on cloud computing systems. In turn, this eliminates the need for paper documentation.“Decentralized settlement and decentralized finance are completely run by computers on cloud computing systems, thus eliminating the need for ledger documentation and management records kept on paper.”Additionally, cloud computing systems do not rely on physical transportation infrastructure, as everything is digital. Systems like these could make it possible for people to travel less, easing the travel sector’s burden on the environment — it accounts for 8 percent of global carbon emissions.“These types of records require postal mailing which is done through transportation. The whole Know Your Customer process also requires face-to-face interaction, which sometimes makes it necessary for people to travel. All of this will not be compulsory when decentralized finance is utilized.”Sun also pointed out that using a Point of Sales (POS) system could reduce energy consumption seen in traditional Proof-of-Work (POW) mining methods used by Bitcoin. To put this into perspective, a study recently showed that Bitcoin mining emits over 22 megatons of carbon dioxide annually, comparable to the total emissions of cities such as Las Vegas and Vienna.“By adopting a POS system, it drastically reduces the massive energy consumption used in traditional POW mining method used by Bitcoin.”Lastly, Sun mentioned that decentralized financial systems are beneficial in that they are readily available around the world.“Decentralized finance systems are available to everyone in the world! Bank the unbanked. Today, the traditional finance system is limited, expensive and not cost effective. Enormous resources and steps are required just to open an account. Imagine having to serve a heavily populated country and all the wastage that ensues. I truly believe blockchain must be in our future if we want to eliminate wastage and make a difference.”

http://cryptocurrency.atspace.co.uk/justin-sun-explains-the-rationale-behind-his-1-million-greta-thunberg-donation/

DOUBLE BOTTOMS PROVIDE A QUICK 2.66% RETURN ON THE CHF JPY

This recent trade provided a 2.66% Rate of Return in just 17 Hours, as I traded the Double Bottoms Pattern on the 4 Hour Charts up to Resistance at 111.84.

As you will see in the graph below, the Stop Loss was placed at the Uptrend Line of the 1 Hour Chart. Although I try to use the 4 Hour Chart for my Stop Losses, the 1 Hour Chart is also used if the 4 Hour does not provide one that is not too far away.

Following this entry, the market rallied as expected to Resistance to provide me with the trading result. These are the types of Returns that I aim for from the Forex. Once I can target this type of gain at least 2 times weekly, it will allow me to hit a strong 30% Monthly Rate of Return - the Rate of Return I teach traders to achieve with my Mentoring Service.

Check out the graphs and the Video Highlight below and then subscribe to my Mentoring Service to experience great trading results like these every week!

Main Technical Factors of this trade -

1. Double Top Patterns on the 4 Hour Charts.

2. Using the 1 Hour Chart for Stop Loss Placement.

3. Using Trendlines for Stop Loss Placement.

4. Targeting Resistance Price Points for quick trading gains.

5. Large Returns are possible from this Trillion Dollar Market every week as long as we use a good strategy that solves the 5 Main Trading Challenges that we face when trading.

VIDEO HIGHLIGHT OF THE CHF JPY TRADE SETUP AND RESULT

4 HOUR & 1 HOUR CHART TRADE SETUP FORECAST & RESULT

Once you know the Main Technical Factors that control the behaviour of the Forex Market each week, you'll be able to accurately predict market direction and take advantage of profitable setups for Strong Trading Gains!

Subscribe today and these will be the types of Accurate Forecasts and Trading Gains you will enjoy starting next week!

Start Today!

_________________________________

Your Mentor

Duane Shepherd

(M.Sc. Economics, B.Sc. Management and Economics)

Currency Analyst/Trader

shepherdduane@gmail.com /(876)-393 3355

Facebook: DRFXTRADING
Website: www.swingtradingmentoring.com
Instagram: @DRFXTRADINGBOSS

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There are many well-intentioned Forex Courses and Mentors globally. However, most fall short of the mark in terms of what you really need to take advantage of the Forex because of the limited Testing and Research that went into creating their Systems.

This is why they only work in the Short-Term.

To correct this, you need to have a totally new approach from the ground level with theories that have been extensively tested for 10 years, during both Normal and Abnormal market conditions.

This is what you will finally get as a DRFX Subscriber.

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https://cryptocurrency.atspace.co.uk/double-bottoms-provide-a-quick-2-66-return-on-the-chf-jpy/