Political and economic news are the main sources of fluctuations in the global stock market. Even rumors of events such as decreasing interest rates in central banks, litigation between the governments and large companies, a sudden rise in inflation and unemployment, or a deterioration in the international situation always cause outrage on the exchanges.

News trading basics

First of all, you must always have economic and financial calendars at hand.

The main principle of trading news is finding the event that can have a significant impact on the specific market. Usually, the events in the economic calendars are sorted by importance. The more important the event, the higher volatility you can expect after the publication.

The market reacts differently to different news: the prices may rise or fall. If you have basic knowledge of the country’s economy and can predict an unemployment rate, an industrial production index, or refinance rates for the next few days, it makes sense to sell assets at a profitable price (because tomorrow they may become cheaper) or buy some more of them.

This is similar to the reaction of investors before the payout of dividends and after the biggest corporate scandals that cause stocks to rise or fall. In macroeconomic terms, much depends on the country:

• Forex news trading in the UK is usually associated with the retail price and sales growth, Bank of England statements and unemployment rate, as well as GDP and CPI growth.
• The top economic indicators for the German economy are ZEW (Indicator of Economic Sentiment) and IFO (Business Climate Index), which represent the aggregate indicators. European Central Bank announcements also have resonance.
• The most popular news topics in the USA, Canada, New Zealand, and Australia are unemployment rate, consumer price index, refinance rate, GDP, and CPI.

It is very important to track the news to know when a particular publication will be posted and which trading instruments it will affect. Thus, you can make the decisions in advance and even place pending orders to open long or short positions.

When trading the news, you should consider the following aspects:

• choose only a strong currency pair that can affect a specific event;
• the transaction should be carried out in the currency of the country that contributed to the news release;
• it is recommended to analyze the economic calendar and add notes to transactions every week;
• check the watch every minute, as it helps to assess the current market situation and publish the news without delay.

Compliance with the above recommendations allows you to minimize losses and earn a steady income from trading Forex news.

The National Bank of Ukraine has approved new rules for the proper operation of the LEO International Payment System. Here are the most significant changes:

• Introduction of the Supervisory Board of the LEO International Payment System.
• The opportunity to collaborate with companies that have received a gambling license issued by the Gambling and lotteries regulation commission in Ukraine.
• The introduction of a non-bank technology of money transfers in the framework of cooperation with the participants of the international payments system. Such technology offers the possibility to abandon paper documents for initiating transfers, as well as allows to use such advanced and innovative technologies as the handwritten signature on the screen of an electronic device with a touch screen.
• Other critical changes in the field of financial monitoring.

“In 2021, our international payment system has shown a significant growth: both in terms of turnover and the number of transactions. Our further development and scaling required structural changes in management and expansion of opportunities to collaborate with new participants,” said the head of the LEO International Payment System,Alona Shevtsova.

According to the statistics on the activity of money transfer systems in Ukraine in the first half of 2021, the LEO International Payment System working under the “LeoGaming Pay” payment brand, holds its position in the Top-4 of the largest payment systems in the country.

Just for the 8 months of 2021, the turnover of the LEO international payment system increased by 126% compared to the same period in 2020. The number of transactions registered in the payment system increased by 58% compared to 8 months of the previous year.

Within the frames of cooperation between LEO and MasterCard in Ukraine, the country’s first non-cash parking payment application called Parking UA, as well as the LeoBot first payment messenger bot were created in Ukraine.

According to the LEO International Payment System, in 2021 the company began to actively work with international money transfers due to an increase in the number of participants and access to new markets.

We would like to remind the audience, that already in March 2021, the LEO International Payment System was introduced by The National Bank of Ukraine in the category of important payment systems in Ukraine. Already in June, the third President of Ukraine Viktor Yushchenko became the head of its Supervisory Board. In September 2021, the LeoGaming Pay financial company that acts as the payment organization of LEO International Payment System reinvested the operating profit for the 2nd quarter in the domestic government bonds.

It is worth noting that currently, the LEO International Payment System consists of 23 participants, including four commercial banks, as well as 19 of the largest non-bank financial institutions in Ukraine. In addition, in 2021, the company became a member of the MasterCard and Visa payment systems.

Experts and financiers compare and note the similarity of the dynamics of the development and achievements of the LEO international payment system with foreign payment systems and fintech companies such as PaySend, Skrill, and many others. 

For example, in just 4 years since its foundation, PaySend has already served more than 4 million customers and 17,000 small and medium-sized enterprises and operates in more than 60 countries around the world, while the number of recipient countries exceeds 110.

PaySend currently supports connections between 12 billion cards worldwide via Mastercard, Visa, China UnionPay, and local payment systems.

When it comes to executing the first trade, one often gets confused about which currency pair to choose. The point is that there are dozens of available majors, minors, and exotic pairs that vary in spreads, liquidity, volatility, and other aspects. Making the right decision is a real challenge when one does not have much experience or knowledge under one’s belt.

What Does a Currency Pair Mean?

It is a pair of assets, one of which is sold or bought at the price of another. The currency, which is indicated the first on the left, is called a base currency, and another one is referred to as a quote currency. A base currency is the one, which is actually bought or sold. And a quote currency serves as a price. For example, if you see the following pair USD/EUR=1.16, that means that you can buy 1 American dollar for 1.16 euros.

Which Currency Pairs Are the Best to Trade?

In general, there are three types of currency pairs:

·   Majors. These include exclusively national currencies belonging to the most influential countries in the world. Namely, the USA, Canada, the European Union, the United Kingdom, Switzerland, Japan, New Zealand, Australia. Another important detail ― they always include American dollars as either a base or a quote currency.

·   Minors (or crosses). That states for combinations of all the currencies from the previous group except for US dollars.

·   Exotic pairs. This term is used for pairs including national currencies of developing countries. In most cases, they consist of one currency from majors and another exotic one. However, that is not obligatory.

Still, the question is left ― “Which currency pair to select?”. Most experts insist that both beginners and experienced traders should focus on majors in the first place. This type is characterized by the highest demand among traders and the lowest spreads. Besides, it is much easier for a trader to find relevant statistics and forecasts concerning majors. And the least popular group is exotic currency pairs as they are characterized by the lowest liquidity and the highest spreads. It is the hardest variant to earn from as their prices can stay unchanged for months and even years.

The popularity of the investment platform Robinhood surpasses a record high. Thus, more and more traders are interested in how to use it and how to withdraw money from it.

First, let us explain what Robinhood is. It is a source that offers an extensive selection of investment and financial services, including trading cryptocurrencies, stocks, options, equities, ETFs. One of the priorities of this company is the comfort and convenience of users. So, they offer easy access to their services via both web and mobile platforms, absence of commissions for trades, user-friendly interfaces. The withdrawing procedure is also fully intuitive.

How to Withdraw Money from Robinhood?

1. Go to the website and log in if needed.

2. Open the menu and find “Withdrawal funds”.

3. Choose a sum, a suitable method, and a bank account, to which you want to receive money (note that they do not provide transfers to debit and credit cards or online wallets).

4. Confirm the procedure.

If you prefer using a mobile app, the guidelines will be quite similar. To order a transfer, open “Account” ― “Transfers” ― “Transfer to Your Bank”.

Speaking about the terms, processing such requests takes 1 business day. One must be ready that additional verification may also be required.

And as for commissions, ACH withdrawals are provided for free, for wire transactions, users are charged $25, and international transfers are the most expensive ― $50.

By the way, for the sake of convenience, they also offer an option of withdrawal cancellation. It is available in the tab “History”.

In conclusion, Robinhood is a platform, which is designed for hassle-free investment. So, you will probably face no difficulties while earning from it or receiving your income. Still, in case of any problems, you can refer to detailed guidelines on their website or just contact the support team.

The popularity of the cryptocurrency market has been on the bull run over the last few months and has shown prospects of continued popularity in the investing world. More and more people are discovering the unlimited possibilities to make a lot of money investing in crypto, which is a major contributing factor to the rapid rise in popularity.

However, just as it’s possible to rake in huge sums of money from crypto, it is also possible to lose a lot of money. However, there is nothing to worry about there as the latter happens typically when an individual doesn’t have adequate knowledge of the crypto market before trading or investing.

Therefore, if you want to invest in crypto, ensure you make well informed decisions, especially now that there are more-than-ever cryptocurrencies available in the market to choose from. Now, the big question is, how do you make a smart crypto investment decision?

A new meme cryptocurrency, HUH token, operating on the Binance Smart Chain Network, has just been recently launched with 888,000,000,000 tokens in total supply. Without exaggerating, HUH is the first crypto token that will empower social investors to make money from their social media photos and posts. The team is building a decentralized finance project on Blockchain technology to modernize traditional financing and create a source of passive income for social crypto investors.

HUH is a yield-generating smart contract on the Binance Smart Chain that rewards the community with redistributed BNB and HUH tokens.

This token also features a static rewards system implemented basically to encourage network users to HODL the token for a longer period, thereby minimizing the risk of major price fluctuations caused by swing trades. Besides, the referral system ultimately grows the community and community members’ wallets exponentially.

According to HUH’s whitepaper, “Once an individual is referred using a referral code, the Referrer benefits by receiving a 10% redistribution of BNB on the initial purchase of the Referee. Both the Referrer and Referee receive a permanently reduced sell tax from 20% to 10%.”

“Should the Referee then refer to a further individual to also benefit from this program, the initial person in the chain also receives a 2% reward from the purchase of the third person referred. This is capped at the third individual.”

In addition, all rewards earned are automatically distributed without the need for any further actions, such as staking, farming, etc.

Trading HUH also features a 15% tax on buy orders and a 20% tax on sell orders. Selling is intentionally made expensive by the creators to discourage dumping and ensure the price stability of the cryptocurrency. Once the token is launched next week, you will be able to buy HUH Token on PancakeSwap.

Follow HUH Token on their Socials before they Launch:

Website: https://huh.social 

Twitter: https://twitter.com/HuhToken 

Instagram: https://www.instagram.com/huhToken/ 

Telegram: https://t.me/HUHTOKEN