Order Book - FXCM South Africa - UK Forex Trading

Trading economic news

The majority of this sub is focused on technical analysis. I regularly ridicule such "tea leaf readers" and advocate for trading based on fundamentals and economic news instead, so I figured I should take the time to write up something on how exactly you can trade economic news releases.
This post is long as balls so I won't be upset if you get bored and go back to your drooping dick patterns or whatever.

How economic news is released

First, it helps to know how economic news is compiled and released. Let's take Initial Jobless Claims, the number of initial claims for unemployment benefits around the United States from Sunday through Saturday. Initial in this context means the first claim for benefits made by an individual during a particular stretch of unemployment. The Initial Jobless Claims figure appears in the Department of Labor's Unemployment Insurance Weekly Claims Report, which compiles information from all of the per-state departments that report to the DOL during the week. A typical number is between 100k and 250k and it can vary quite significantly week-to-week.
The Unemployment Insurance Weekly Claims Report contains data that lags 5 days behind. For example, the Report issued on Thursday March 26th 2020 contained data about the week ending on Saturday March 21st 2020.
In the days leading up to the Report, financial companies will survey economists and run complicated mathematical models to forecast the upcoming Initial Jobless Claims figure. The results of surveyed experts is called the "consensus"; specific companies, experts, and websites will also provide their own forecasts. Different companies will release different consensuses. Usually they are pretty close (within 2-3k), but for last week's record-high Initial Jobless Claims the reported consensuses varied by up to 1M! In other words, there was essentially no consensus.
The Unemployment Insurance Weekly Claims Report is released each Thursday morning at exactly 8:30 AM ET. (On Thanksgiving the Report is released on Wednesday instead.) Media representatives gather at the Frances Perkins Building in Washington DC and are admitted to the "lockup" at 8:00 AM ET. In order to be admitted to the lockup you have to be a credentialed member of a media organization that has signed the DOL lockup agreement. The lockup room is small so there is a limited number of spots.
No phones are allowed. Reporters bring their laptops and connect to a local network; there is a master switch on the wall that prevents/enables Internet connectivity on this network. Once the doors are closed the Unemployment Insurance Weekly Claims Report is distributed, with a heading that announces it is "embargoed" (not to be released) prior to 8:30 AM. Reporters type up their analyses of the report, including extracting key figures like Initial Jobless Claims. They load their write-ups into their companies' software, which prepares to send it out as soon as Internet is enabled. At 8:30 AM the DOL representative in the room flips the wall switch and all of the laptops are connected to the Internet, releasing their write-ups to their companies and on to their companies' partners.
Many of those media companies have externally accessible APIs for distributing news. Media aggregators and squawk services (like RanSquawk and TradeTheNews) subscribe to all of these different APIs and then redistribute the key economic figures from the Report to their own subscribers within one second after Internet is enabled in the DOL lockup.
Some squawk services are text-based while others are audio-based. FinancialJuice.com provides a free audio squawk service; internally they have a paid subscription to a professional squawk service and they simply read out the latest headlines to their own listeners, subsidized by ads on the site. I've been using it for 4 months now and have been pretty happy. It usually lags behind the official release times by 1-2 seconds and occasionally they verbally flub the numbers or stutter and have to repeat, but you can't beat the price!
Important - I’m not affiliated with FinancialJuice and I’m not advocating that you use them over any other squawk. If you use them and they misspeak a number and you lose all your money don’t blame me. If anybody has any other free alternatives please share them!

How the news affects forex markets

Institutional forex traders subscribe to these squawk services and use custom software to consume the emerging data programmatically and then automatically initiate trades based on the perceived change to the fundamentals that the figures represent.
It's important to note that every institution will have "priced in" their own forecasted figures well in advance of an actual news release. Forecasts and consensuses all come out at different times in the days leading up to a news release, so by the time the news drops everybody is really only looking for an unexpected result. You can't really know what any given institution expects the value to be, but unless someone has inside information you can pretty much assume that the market has collectively priced in the experts' consensus. When the news comes out, institutions will trade based on the difference between the actual and their forecast.
Sometimes the news reflects a real change to the fundamentals with an economic effect that will change the demand for a currency, like an interest rate decision. However, in the case of the Initial Jobless Claims figure, which is a backwards-looking metric, trading is really just self-fulfilling speculation that market participants will buy dollars when unemployment is low and sell dollars when unemployment is high. Generally speaking, news that reflects a real economic shift has a bigger effect than news that only matters to speculators.
Massive and extremely fast news-based trades happen within tenths of a second on the ECNs on which institutional traders are participants. Over the next few seconds the resulting price changes trickle down to retail traders. Some economic news, like Non Farm Payroll Employment, has an effect that can last minutes to hours as "slow money" follows behind on the trend created by the "fast money". Other news, like Initial Jobless Claims, has a short impact that trails off within a couple minutes and is subsequently dwarfed by the usual pseudorandom movements in the market.
The bigger the difference between actual and consensus, the bigger the effect on any given currency pair. Since economic news releases generally relate to a single currency, the biggest and most easily predicted effects are seen on pairs where one currency is directly effected and the other is not affected at all. Personally I trade USD/JPY because the time difference between the US and Japan ensures that no news will be coming out of Japan at the same time that economic news is being released in the US.
Before deciding to trade any particular news release you should measure the historical correlation between the release (specifically, the difference between actual and consensus) and the resulting short-term change in the currency pair. Historical data for various news releases (along with historical consensus data) is readily available. You can pay to get it exported into Excel or whatever, or you can scroll through it for free on websites like TradingEconomics.com.
Let's look at two examples: Initial Jobless Claims and Non Farm Payroll Employment (NFP). I collected historical consensuses and actuals for these releases from January 2018 through the present, measured the "surprise" difference for each, and then correlated that to short-term changes in USD/JPY at the time of release using 5 second candles.
I omitted any releases that occurred simultaneously as another major release. For example, occasionally the monthly Initial Jobless Claims comes out at the exact same time as the monthly Balance of Trade figure, which is a more significant economic indicator and can be expected to dwarf the effect of the Unemployment Insurance Weekly Claims Report.
USD/JPY correlation with Initial Jobless Claims (2018 - present)
USD/JPY correlation with Non Farm Payrolls (2018 - present)
The horizontal axes on these charts is the duration (in seconds) after the news release over which correlation was calculated. The vertical axis is the Pearson correlation coefficient: +1 means that the change in USD/JPY over that duration was perfectly linearly correlated to the "surprise" in the releases; -1 means that the change in USD/JPY was perfectly linearly correlated but in the opposite direction, and 0 means that there is no correlation at all.
For Initial Jobless Claims you can see that for the first 30 seconds USD/JPY is strongly negatively correlated with the difference between consensus and actual jobless claims. That is, fewer-than-forecast jobless claims (fewer newly unemployed people than expected) strengthens the dollar and greater-than-forecast jobless claims (more newly unemployed people than expected) weakens the dollar. Correlation then trails off and changes to a moderate/weak positive correlation. I interpret this as algorithms "buying the dip" and vice versa, but I don't know for sure. From this chart it appears that you could profit by opening a trade for 15 seconds (duration with strongest correlation) that is long USD/JPY when Initial Jobless Claims is lower than the consensus and short USD/JPY when Initial Jobless Claims is higher than expected.
The chart for Non Farm Payroll looks very different. Correlation is positive (higher-than-expected payrolls strengthen the dollar and lower-than-expected payrolls weaken the dollar) and peaks at around 45 seconds, then slowly decreases as time goes on. This implies that price changes due to NFP are quite significant relative to background noise and "stick" even as normal fluctuations pick back up.
I wanted to show an example of what the USD/JPY S5 chart looks like when an "uncontested" (no other major simultaneously news release) Initial Jobless Claims and NFP drops, but unfortunately my broker's charts only go back a week. (I can pull historical data going back years through the API but to make it into a pretty chart would be a bit of work.) If anybody can get a 5-second chart of USD/JPY at March 19, 2020, UTC 12:30 and/or at February 7, 2020, UTC 13:30 let me know and I'll add it here.

Backtesting

So without too much effort we determined that (1) USD/JPY is strongly negatively correlated with the Initial Jobless Claims figure for the first 15 seconds after the release of the Unemployment Insurance Weekly Claims Report (when no other major news is being released) and also that (2) USD/JPY is strongly positively correlated with the Non Farms Payroll figure for the first 45 seconds after the release of the Employment Situation report.
Before you can assume you can profit off the news you have to backtest and consider three important parameters.
Entry speed: How quickly can you realistically enter the trade? The correlation performed above was measured from the exact moment the news was released, but realistically if you've got your finger on the trigger and your ear to the squawk it will take a few seconds to hit "Buy" or "Sell" and confirm. If 90% of the price move happens in the first second you're SOL. For back-testing purposes I assume a 5 second delay. In practice I use custom software that opens a trade with one click, and I can reliably enter a trade within 2-3 seconds after the news drops, using the FinancialJuice free squawk.
Minimum surprise: Should you trade every release or can you do better by only trading those with a big enough "surprise" factor? Backtesting will tell you whether being more selective is better long-term or not.
Hold time: The optimal time to hold the trade is not necessarily the same as the time of maximum correlation. That's a good starting point but it's not necessarily the best number. Backtesting each possible hold time will let you find the best one.
The spread: When you're only holding a position open for 30 seconds, the spread will kill you. The correlations performed above used the midpoint price, but in reality you have to buy at the ask and sell at the bid. Brokers aren't stupid and the moment volume on the ECN jumps they will widen the spread for their retail customers. The only way to determine if the news-driven price movements reliably overcome the spread is to backtest.
Stops: Personally I don't use stops, neither take-profit nor stop-loss, since I'm automatically closing the trade after a fixed (and very short) amount of time. Additionally, brokers have a minimum stop distance; the profits from scalping the news are so slim that even the nearest stops they allow will generally not get triggered.
I backtested trading these two news releases (since 2018), using a 5 second entry delay, real historical spreads, and no stops, cycling through different "surprise" thresholds and hold times to find the combination that returns the highest net profit. It's important to maximize net profit, not expected value per trade, so you don't over-optimize and reduce the total number of trades taken to one single profitable trade. If you want to get fancy you can set up a custom metric that combines number of trades, expected value, and drawdown into a single score to be maximized.
For the Initial Jobless Claims figure I found that the best combination is to hold trades open for 25 seconds (that is, open at 5 seconds elapsed and hold until 30 seconds elapsed) and only trade when the difference between consensus and actual is 7k or higher. That leads to 30 trades taken since 2018 and an expected return of... drumroll please... -0.0093 yen per unit per trade.
Yep, that's a loss of approx. $8.63 per lot.
Disappointing right? That's the spread and that's why you have to backtest. Even though the release of the Unemployment Insurance Weekly Claims Report has a strong correlation with movement in USD/JPY, it's simply not something that a retail trader can profit from.
Let's turn to the NFP. There I found that the best combination is to hold trades open for 75 seconds (that is, open at 5 seconds elapsed and hold until 80 seconds elapsed) and trade every single NFP (no minimum "surprise" threshold). That leads to 20 trades taken since 2018 and an expected return of... drumroll please... +0.1306 yen per unit per trade.
That's a profit of approx. $121.25 per lot. Not bad for 75 seconds of work! That's a +6% ROI at 50x leverage.

Make it real

If you want to do this for realsies, you need to run these numbers for all of the major economic news releases. Markit Manufacturing PMI, Factory Orders MoM, Trade Balance, PPI MoM, Export and Import Prices, Michigan Consumer Sentiment, Retail Sales MoM, Industrial Production MoM, you get the idea. You keep a list of all of the releases you want to trade, when they are released, and the ideal hold time and "surprise" threshold. A few minutes before the prescribed release time you open up your broker's software, turn on your squawk, maybe jot a few notes about consensuses and model forecasts, and get your finger on the button. At the moment you hear the release you open the trade in the correct direction, hold it (without looking at the chart!) for the required amount of time, then close it and go on with your day.
Some benefits of trading this way: * Most major economic releases come out at either 8:30 AM ET or 10:00 AM ET, and then you're done for the day. * It's easily backtestable. You can look back at the numbers and see exactly what to expect your return to be. * It's fun! Packing your trading into 30 seconds and knowing that institutions are moving billions of dollars around as fast as they can based on the exact same news you just read is thrilling. * You can wow your friends by saying things like "The St. Louis Fed had some interesting remarks on consumer spending in the latest Beige Book." * No crayons involved.
Some downsides: * It's tricky to be fast enough without writing custom software. Some broker software is very slow and requires multiple dialog boxes before a position is opened, which won't cut it. * The profits are very slim, you're not going to impress your instagram followers to join your expensive trade copying service with your 30-second twice-weekly trades. * Any friends you might wow with your boring-ass economic talking points are themselves the most boring people in the world.
I hope you enjoyed this long as fuck post and you give trading economic news a try!
submitted by thicc_dads_club to Forex [link] [comments]

List of Resources for New/Aspiring Traders

This is a post I made about 5 years ago and I'm reuploading it for visibility. Check back often as this will be getting reformatted and edited over the coming days to make sure it's upto date.
Price Action Attack Map N/A ------------------------------
http://www.forexfactory.com/showthread.php?t=520423 FXLester's guide to price action
http://www.forexfactory.com/showthread.php?t=2331 James16's guide to price action
http://forums.babypips.com/free-forex-trading-systems/58037-price-action-matters.html "Price Action That Matters by Aaron Kruger
https://www.forex4noobs.com/ Forex 4 noobs price action battle plan!
GAMES N/A ------------------------------------------------------
http://chartgame.com/ Personally, i think this is pure genius! I love it, it's an amazing way to brush up on your chart skills and it's actually pretty cool to see how things went. It throws a random chart at you and you have to day trade it, it'll tell you how you did versus a buy & hold strategy and... well it's just really really good!
BLOGS N/A -------------------------------------------------------------------------------------------
https://jkonfx.com/ Technical & fundamental news on currencies. I would advise newer traders not to trade solely on external opinions because that won't cement your own methodology or reasons for trading. Excellent website for if you want an overview of the markets and daily reports. Also includes a trading journal and a lot of media attention.
http://www.stocktradingtogo.com/ A good blog for new traders/ investors. Lot of ‘top 10 lists’ to flick through.
http://www.tradingheroes.com/ This is absolutely amazing! I can't put a value on this! It's one of the best gems of the internet. Podcasts interviewing successful traders, some are notable such as 50pips, Walter Peters & Chris Kapre.
http://www.nobrainertrades.com/ Found this when doing the podcast link below, it's actually really good high quality stuff. Blog based with plenty of educational material.
http://www.chatwithtraders.com A weekly podcast that interviews successful traders. Thank you gumballfrank for this.
http://ftp.traderkingdom.com/ Not had much of a chance to check this out, but first impression are nice!
http://www.forexlive.com Heavily oriented towards fundamentals. Good news portal submitted by WinterTires thanks!
http://www.tradeciety.com/ Heavily visually oriented perfect for beginners! Lots of infographics and info. Submitted by gumballfrank
http://orderflowforex.com/ A blog that focuses on Personal Development as a trader. Absolutely essential. It'll help to focus you on your journey to trading omnipotence!
ONLINE SCHOOLS & LEARNING PORTALS N/A -------------------------------------------------------------------------------
http://theinnercircletrader.com/Tutorials.htm Best tutorials in the world by a secret trillionaire.
http://www.tradimo.com A superb website dedicated to training people to become better investors traders for free.
http://www.babypips.com One of the best free online schools which tracks your progress and teaches you heaps on information. The forum is the gem, where many people keep trade journals and put up their strategies. Don't copy them but borrowing concepts and ideas is good.
http://www.forexpeacearmy.com/forex-forum/forex-military-school-complete-forex-education-pro-banke Unbelievably thorough! Education on forex trading, literally everything is covered.
http://stockcharts.com/school/doku.php?id=chart_school Very wide ranging resource that focuses mainly on technical analysis.
http://www.investopedia.com This should be a given, but seriously – this place is the Wikipedia of trading/ investing.
http://www.swing-trade-stocks.com/swing-trading-basics.html Actually a really good learning resource that mentions psychology and momentum among other things.
http://thepatternsite.com/Psychology.html Really good information on trading psychology – something that often goes unnoticed with beginners.
http://www.finvids.com/ Cool little website with videos on candle patterns and chart patterns.
http://www.fxacademy.com/ Appears to be a free trading academy. Not tried it personally, but it looks really good. With plenty of videos for visual learners.
http://forex-strategies-revealed.com/intro PEOPLE IN NEED OF A STRATEGY CHECK THIS OUT List of strategies, literally everyone you'll ever need.
ARTICLES OF INTEREST N/A -----------------------------------------------------------------------------
http://orderflowforex.com/2014/11/trading-books-proper-orde There's a lot of information out there, it's overwhelming. You might think "Where the hell do I start?!" well here's your answer! The books you have to read... and in what order! Super important for beginners.
http://www.stocktradingtogo.com/2009/05/14/trading-psychology-stages-investor-emotions/ An article on the ’14 stages of investor emotions’ knowing who you are and what is happening to you can lead you to make more calculated decisions.
http://fourhourworkweek.com/2014/10/15/money-master-the-game/ Tim Ferris, author of The 4 Hour Work Week interviews Tony Robbins to find out the success behind the worlds best investors. Talking about morning routines, peak performance & mastering money!
http://www.tradeciety.com/category/trading-blog/ Best trading & investing blogs and articles as picked by tradeciety.com
http://www.forextradetracker.com/blog/understanding-forex-jargon-a-glossary-for-beginners Forex jargon glossary for beginners. Submitted by gumballfrank
http://orderflowforex.com/order-flow-trading/what-is-order-flow-trading/ What is order flow trading? Essential for beginners
FORUMS N/A -------------------------------------------------------------------------------------------------
http://www.forexpeacearmy.com/ Excellent learning resource, main focus is to help avoid people getting scammed.
http://www.trade2win.com/boards/ Massive forum for beginners to talk to more experienced traders – very active community.
http://www.forexfactory.com/forum.php Much like trade2win but more focused towards forex.
http://forums.babypips.com/ Another forum dedicated to forex traders. You'll find people keeping good strategies here, list them via most views first to find the real gems.
MISCELLANEOUS RESOURCES N/A --------------------------------------------------------------------
http://www.forexfactory.com/showthread.php?t=520423 Some beast called Lester showing you how it is! Read this!
http://theinnercircletrader.com/Tutorials.htm If you watch all of these you're already a millionaire!
http://www.forex-warez.com/Free%20Download/ Every book you could ever want on trading, investing, market psychology, strategies etc.
http://www.forextradetracker.com/ SUPER IMPORTANT This website is paramount to your success, still in development but will provide users with an easy way to document trades. Success is determined by your willingness to follow through with the boring bits so keep this one in your bookmarks.
http://www.hotcandlestick.com/candlestick-pattern-flashcard-game.html Super useful Flashcard game that helps you to remember important candlestick patterns.
http://www.hotcandlestick.com/forex_charts.htm Important candlestick patterns that have appeared on the major currency pairs. Good for a quick overview.
http://www.freeonlinetradingeducation.com/chart-school.html Website offering visual illustration & practical applications of popular candlestick patterns.
http://www.hotcandlestick.com/candles.htm Glossary of candlestick patterns.
http://www.incrediblecharts.com/topic/Technical_Analysis Another resource for learning technical analysis. Not particularly thorough but useful for basic concepts.
http://www.forexschoolonline.com/ Market overviews and trading opportunity videos provided, along with educational videos and the like.
http://www.tradersdna.com/education/ Another trading education site focusing more on forex.
submitted by Dannyboi93 to forexit [link] [comments]

Advice about starting your journey

Forex is an exciting endeavor. The possibilities are endless. If you master it, you may employ yourself for the rest of your life. No bosses. Nowhere to be. On your own program. But it isn’t easy. Most people fail. If you don’t blow out an account, you are ahead of the curve.
I wanted to share a couple of thoughts and resources to help untangle the web for anyone that may be thinking of jumping in.
The first thing you should do is define your risk management plan. What are you willing to lose (in % of your account) on each trade? How long do you want your trades to be open? What are you hoping to profit (in % of your account) on any trade? These questions should help you define your order size in relation to your account size, and your own risk management plan. To make a lot at any time, you can also lose a lot.
(Link to my recent post on risk management here: https://www.reddit.com/Forex/comments/95naqi/a_word_on_risk_management/?st=JKU5FFC9&sh=6f88a375 )
Second. Just as in everyday life, avoid any multi-level marketing scheme like the plague. Most notorious is iML (or i Markets Live), although there are others. If these people were getting rich in the market, they wouldn’t need your money. 10,000 subscribers at $100 bucks a month is $1,000,000. Or $12,000,000 annually. 1,000 subscribers for a year is still over $1,000,000. That is how they are making money. Not by being generous with their forex knowledge.
Read through the education section of babypips.com. It is mentioned on here daily and also in the sidebar. I am not trying to take any credit for that idea. It is the best place to start though and that is a fact.
People often ask about books and additional resources. You can try and over complicate this, but that won’t help you. Read a good book on technical analysis, understand it, and keep it handy. There are many, but I like Technical Analysis of the Financial Markets by John J Murphy.
The number one recommended book on trading psychology is Trading in the Zone by Mark Douglas. I also recommend this strongly.
Be wary of any literature, or trials. Many of them have a small upfront cost, but they are really just a sales pitch for trading systems with promises of riches. These systems are typically expensive. I don’t know of anyone that got rich from one. Do you? If you want to become a day trader, you need to learn to do it yourself.
There are many good websites available for free. You can do your own research. My favorite is DailyFX.com. They have a few articles everyday. They are pretty simple to understand, although it may take some time to learn the jargon.
Also find an economic calendar you like. I typically use forexfactory.com.
You should not need much more than what I’ve mentioned in my post. There is no one book, website, system, MLM scheme or indicator that will make you rich. Learning to understand how the market moves and why the market moves is how you can profit. And if you make a small profit every week, it can compound quickly.
Good luck everyone!
Edit: added a link for anyone interested.
submitted by that_guy_pming_tits to Forex [link] [comments]

OOOBTC CRYPTOCURRENCIES EXCHANGE

OOOBTC is a cryptocurrency exchange that offers trading in cryptocurrencies only, and some very obscure, at that. There are not many details about where the company is located or when it was established, but we are of the impression that it is a relatively new exchange. OOOBTC advantages - Lots of (obscure) altcoins. OOOBTC offers trading in a lot of quite obscure altcoins like Golem, Zilika, Status, Rchain, etc. In fact, the most recognizable coin in OOOBTC’s portfolio is Ether. They can only be exchanged for each other, but not for fiat currencies. - Low trading fees. OOOBTC has a relatively low trading fee of 0.25%, which is quite favorable. - Transfer fees. OOOBTC says it does not charge deposit fees for cryptocurrencies and only charges the miners’ fee for crypto withdrawals. In fact, this is more or less a standard practice for most exchanges, when it comes to cryptocurrency deposits. - Nice platform. OOOBTC offers a proper trading platform with charts, some indicators and some charting and analysis tools, which can be quite useful for more advanced traders.
- Wallet. OOOBTC has provided wallets for the supported altcoins, which can be very convenient, particularly for the more obscure altcoins, for which there are not many wallets available. - Good safety. OOOBTC offers 2-factor authentication and encryption of the users’ information. Funds are stored in offline cold storage, which makes them inaccessible to hackers and quite secure. OOOBTC disadvantages - No fiat accepted. OOOBTC only offers the option to exchange the supported cryptocurrencies for each other. They cannot be sold or bought for fiat currencies. - No leverage. Despite having a nice trading platform, OOOBTC does not offer leveraged trading. Those who are interested in this type of trading and do not care about owning the coins, but speculating on their prices, should rather sign up with a regulated forex broker that offers CFDs on cryptocurrencies. There the clients can trade on margin. - No anonymity. OOBTC does not allow anonymous trading and clients are required to verify themselves. However, we could not find the link for verification, even though we signed up with OOOBTC. We only found information that the exchange requires a copy of an ID document and a selfie. Apparently OOOBTC works with the verification services provider Jumio. - Withdrawal limits. OOOBTC says it has set withdrawal limits in order to prevent fraud and theft. New unverified accounts cannot withdraw at all. Accounts with basic verification can withdraw 0.4 (or equivalent) BTC per day. The so-called “enhanced accounts” can withdraw up to 100 (or equivalent) BTC per day with two-factor enabled. - Low liquidity. Judging by the order book of OOOBTC, there is not much trading going on its platform and the liquidity is quite low. Conclusion OOOBTC has an interesting selection of rare altcoins and a nice trading platform with some advanced features, which makes it quite attractive. We also like the low trading and withdrawal fees that make trading on the exchange fairly advantageous. What we dislike about OOOBTC is the lack of opportunity to buy and sell cryptos for fiat currencies and leveraged trading. We also did not like the fact that we could not find the user verification link and the low liquidity. The limits are also a thing we generally dislike, but in reality the “enhanced” accounts have a really high daily withdrawal limit.
For more details, check the website on https://www.ooobtc.com
Writer: Rab Damsel Bitcointalk Username: Rab Damsel
submitted by oladayo2016 to CryptocurrencyICO [link] [comments]

OOOBTC EXCHANGE

OOOBTC is a cryptocurrency exchange that offers trading in cryptocurrencies only, and some very obscure, at that. There are not many details about where the company is located or when it was established, but we are of the impression that it is a relatively new exchange. OOOBTC advantages - Lots of (obscure) altcoins. OOOBTC offers trading in a lot of quite obscure altcoins like Golem, Zilika, Status, Rchain, etc. In fact, the most recognizable coin in OOOBTC’s portfolio is Ether. They can only be exchanged for each other, but not for fiat currencies. - Low trading fees. OOOBTC has a relatively low trading fee of 0.25%, which is quite favorable. - Transfer fees. OOOBTC says it does not charge deposit fees for cryptocurrencies and only charges the miners’ fee for crypto withdrawals. In fact, this is more or less a standard practice for most exchanges, when it comes to cryptocurrency deposits. - Nice platform. OOOBTC offers a proper trading platform with charts, some indicators and some charting and analysis tools, which can be quite useful for more advanced traders.
- Wallet. OOOBTC has provided wallets for the supported altcoins, which can be very convenient, particularly for the more obscure altcoins, for which there are not many wallets available. - Good safety. OOOBTC offers 2-factor authentication and encryption of the users’ information. Funds are stored in offline cold storage, which makes them inaccessible to hackers and quite secure. OOOBTC disadvantages - No fiat accepted. OOOBTC only offers the option to exchange the supported cryptocurrencies for each other. They cannot be sold or bought for fiat currencies. - No leverage. Despite having a nice trading platform, OOOBTC does not offer leveraged trading. Those who are interested in this type of trading and do not care about owning the coins, but speculating on their prices, should rather sign up with a regulated forex broker that offers CFDs on cryptocurrencies. There the clients can trade on margin. - No anonymity. OOBTC does not allow anonymous trading and clients are required to verify themselves. However, we could not find the link for verification, even though we signed up with OOOBTC. We only found information that the exchange requires a copy of an ID document and a selfie. Apparently OOOBTC works with the verification services provider Jumio. - Withdrawal limits. OOOBTC says it has set withdrawal limits in order to prevent fraud and theft. New unverified accounts cannot withdraw at all. Accounts with basic verification can withdraw 0.4 (or equivalent) BTC per day. The so-called “enhanced accounts” can withdraw up to 100 (or equivalent) BTC per day with two-factor enabled. - Low liquidity. Judging by the order book of OOOBTC, there is not much trading going on its platform and the liquidity is quite low. Conclusion OOOBTC has an interesting selection of rare altcoins and a nice trading platform with some advanced features, which makes it quite attractive. We also like the low trading and withdrawal fees that make trading on the exchange fairly advantageous. What we dislike about OOOBTC is the lack of opportunity to buy and sell cryptos for fiat currencies and leveraged trading. We also did not like the fact that we could not find the user verification link and the low liquidity. The limits are also a thing we generally dislike, but in reality the “enhanced” accounts have a really high daily withdrawal limit.
For more details, check the website on https://www.ooobtc.com
Writer: Rab Damsel Bitcointalk Username: Rab Damsel
submitted by oladayo2016 to CryptocurrencyICO [link] [comments]

The Bloomberg Finance Lab

The Bloomberg Terminal (aka Bloomberg Professional Services) connects finance professionals to a dynamic network of information, people, and ideas. At the core of this network is the ability to deliver real-time data to finance professionals around the world.
The main value added services provided by Bloomberg Terminal are:
  1. Data
  2. News
  3. Analytics
These services are provided through innovative, proprietary technology, that quickly and accurately provides financial information to individuals and across enterprises around the world.
A world leader in providing market data information across the globe through its websites, apps and dedicated feeds and software products, Bloomberg offers a variety of tools available on free and paid basis, allowing finance professionals to use them in their research, analysis and related trading activities. Bloomberg’s coverage includes all possible financial securities ranging from equities, fixed income, derivatives, commodities, forex and OTC products, across the globe.

Bloomberg website:

The official Bloomberg website offers a wealth of free and subscription based tools and utilities, most offering customized views as per regions/markets.

Symbol Lookup Service:

Introduced couple of years back, Bloomberg Open Symbology tool offers Symbol lookup service and mapping of different symbols (SEDOL, CUSIP, ISIN, Stock exchange ticker, etc.) at global level. Individual traders as well as large investment firms having a need to consolidate data sourced from multiple sources with different symbols use this service. For e.g. a mutual fund company may take 2 different data feeds – one from Bloomberg containing Bloomberg symbol and other from Stock exchange containing local ticker. Symbology service enables cross referencing to validate data across two sources with different tickers.
Apart from the generic Open Symbology service, the widely followed Bloomberg symbols can be accessed through its dedicated symbol search tool.

Bloomberg Professional Products & Services:

The paid professional products and tools available from Bloomberg offer coverage across 360+ exchanges, 24000+ companies, global currency markets, and includes recently launched bitcoin coverage. These products and tools today are used by more than 315,000 subscribers across 175 countries, demonstrating the depth and variety of offerings from Bloomberg.
Bloomberg Market data terminal remains the most saleable product for both individual and enterprise use. A good 2 pager Getting Started Guide is available for introduction to financial analysis tools available within the Bloomberg Terminal. Apart from usual charts, graphs, technical indicators and market data coverage, one of the key selling points of Bloomberg Terminals is its instant messaging feature which enables easy communication across individuals, dedicated workgroups and even Bloomberg representatives for assistance.
Bloomberg Briefs: A dedicated service in the form of digital newsletters for the global financial markets, Bloomberg Brief offers insights into sector or region specific areas in PDF format.
Briefs for following categories are published daily – Bankruptcy & Restructuring, Economics, Economics Asia, Economics Europe, London, Municipal Market and Oil. Publication for other categories is weekly – China, Clean Energy & Carbon, Financial Regulation, Hedge Funds Europe, Hedge Funds, Leveraged Finance, Mergers, Private Equity, Structured Notes and Technical Strategies.
Such wide varieties of tools offered by Bloomberg come with lots of portability. All website based functionality can be accessed through standard browsers on mobiles and tablets, and even professional products offer portability for mobile and remote access through desktops, laptops, tablets and smartphones.

Bloomberg Enterprise Solutions

At the enterprise level, Bloomberg offers dedicated data feeds, pricing, reference and market data, news and information services to meet the needs of large financial enterprises employing financial analysts, traders and researchers. The Bloomberg trading solutions, offer connectivity and integration for buy side and sell side institutional clients. These find usage in complementing the OMS (Order management system), and recent EMS (Execution management system), for trade execution.
N L Dalmia has set up Mumbai’s first Bloomberg Finance Lab with 12 Bloomberg terminals, offering students extremely focused and high end knowledge programs with a high degree of practical learning and on-the-job applicability. Learning mba in mumbai from N L Dalmia is a step towards boosting one's career.
submitted by dipika20 to MBAinIndiaExplained [link] [comments]

The Bloomberg Finance Lab Launched at N L Dalmia Campus Mumbai

The Bloomberg Terminal (aka Bloomberg Professional Services) connects finance professionals to a dynamic network of information, people, and ideas. At the core of this network is the ability to deliver real-time data to finance professionals around the world.
The main value added services provided by Bloomberg Terminal are:
  1. Data
  2. News
  3. Analytics
These services are provided through innovative, proprietary technology, that quickly and accurately provides financial information to individuals and across enterprises around the world.
A world leader in providing market data information across the globe through its websites, apps and dedicated feeds and software products, Bloomberg offers a variety of tools available on free and paid basis, allowing finance professionals to use them in their research, analysis and related trading activities. Bloomberg’s coverage includes all possible financial securities ranging from equities, fixed income, derivatives, commodities, forex and OTC products, across the globe.

Bloomberg website:

The official Bloomberg website offers a wealth of free and subscription based tools and utilities, most offering customized views as per regions/markets.

Symbol Lookup Service:

Introduced couple of years back, Bloomberg Open Symbology tool offers Symbol lookup service and mapping of different symbols (SEDOL, CUSIP, ISIN, Stock exchange ticker, etc.) at global level. Individual traders as well as large investment firms having a need to consolidate data sourced from multiple sources with different symbols use this service. For e.g. a mutual fund company may take 2 different data feeds – one from Bloomberg containing Bloomberg symbol and other from Stock exchange containing local ticker. Symbology service enables cross referencing to validate data across two sources with different tickers.
Apart from the generic Open Symbology service, the widely followed Bloomberg symbols can be accessed through its dedicated symbol search tool.

Bloomberg Professional Products & Services:

The paid professional products and tools available from Bloomberg offer coverage across 360+ exchanges, 24000+ companies, global currency markets, and includes recently launched bitcoin coverage. These products and tools today are used by more than 315,000 subscribers across 175 countries, demonstrating the depth and variety of offerings from Bloomberg.
Bloomberg Market data terminal remains the most saleable product for both individual and enterprise use. A good 2 pager Getting Started Guide is available for introduction to financial analysis tools available within the Bloomberg Terminal. Apart from usual charts, graphs, technical indicators and market data coverage, one of the key selling points of Bloomberg Terminals is its instant messaging feature which enables easy communication across individuals, dedicated workgroups and even Bloomberg representatives for assistance.
Bloomberg Briefs: A dedicated service in the form of digital newsletters for the global financial markets, Bloomberg Brief offers insights into sector or region specific areas in PDF format.
Briefs for following categories are published daily – Bankruptcy & Restructuring, Economics, Economics Asia, Economics Europe, London, Municipal Market and Oil. Publication for other categories is weekly – China, Clean Energy & Carbon, Financial Regulation, Hedge Funds Europe, Hedge Funds, Leveraged Finance, Mergers, Private Equity, Structured Notes and Technical Strategies.
Such wide varieties of tools offered by Bloomberg come with lots of portability. All website based functionality can be accessed through standard browsers on mobiles and tablets, and even professional products offer portability for mobile and remote access through desktops, laptops, tablets and smartphones.

Bloomberg Enterprise Solutions

At the enterprise level, Bloomberg offers dedicated data feeds, pricing, reference and market data, news and information services to meet the needs of large financial enterprises employing financial analysts, traders and researchers. The Bloomberg trading solutions, offer connectivity and integration for buy side and sell side institutional clients. These find usage in complementing the OMS (Order management system), and recent EMS (Execution management system), for trade execution.
NLDIMSR has set up Mumbai’s first Bloomberg Finance Lab with 12 Bloomberg terminals, offering students extremely focused and high end knowledge programs with a high degree of practical learning and on-the-job applicability.
submitted by dipika20 to MBAIndia [link] [comments]

I made a list of resources for beginners and experienced traders alike.

Check back often as this is regularly updated.
Price Action Attack Map N/A ------------------------------
http://www.forexfactory.com/showthread.php?t=520423 FXLester's guide to price action
http://www.forexfactory.com/showthread.php?t=2331 James16's guide to price action
http://forums.babypips.com/free-forex-trading-systems/58037-price-action-matters.html "Price Action That Matters by Aaron Kruger
https://www.forex4noobs.com/ Forex 4 noobs price action battle plan!
GAMES N/A ------------------------------------------------------
http://chartgame.com/ Personally, i think this is pure genius! I love it, it's an amazing way to brush up on your chart skills and it's actually pretty cool to see how things went. It throws a random chart at you and you have to day trade it, it'll tell you how you did versus a buy & hold strategy and... well it's just really really good!
BLOGS N/A -------------------------------------------------------------------------------------------
https://jkonfx.com/ Technical & fundamental news on currencies. I would advise newer traders not to trade solely on external opinions because that won't cement your own methodology or reasons for trading. Excellent website for if you want an overview of the markets and daily reports. Also includes a trading journal and a lot of media attention.
http://www.stocktradingtogo.com/ A good blog for new traders/ investors. Lot of ‘top 10 lists’ to flick through.
http://www.tradingheroes.com/ This is absolutely amazing! I can't put a value on this! It's one of the best gems of the internet. Podcasts interviewing successful traders, some are notable such as 50pips, Walter Peters & Chris Kapre.
http://www.nobrainertrades.com/ Found this when doing the podcast link below, it's actually really good high quality stuff. Blog based with plenty of educational material.
http://www.chatwithtraders.com A weekly podcast that interviews successful traders. Thank you gumballfrank for this.
http://ftp.traderkingdom.com/ Not had much of a chance to check this out, but first impression are nice!
http://www.forexlive.com Heavily oriented towards fundamentals. Good news portal submitted by WinterTires thanks!
http://www.tradeciety.com/ Heavily visually oriented perfect for beginners! Lots of infographics and info. Submitted by gumballfrank
http://orderflowforex.com/ A blog that focuses on Personal Development as a trader. Absolutely essential. It'll help to focus you on your journey to trading omnipotence!
ONLINE SCHOOLS & LEARNING PORTALS N/A -------------------------------------------------------------------------------
http://theinnercircletrader.com/Tutorials.htm Best tutorials in the world by a secret trillionaire.
http://www.tradimo.com A superb website dedicated to training people to become better investors traders for free.
http://www.babypips.com One of the best free online schools which tracks your progress and teaches you heaps on information. The forum is the gem, where many people keep trade journals and put up their strategies. Don't copy them but borrowing concepts and ideas is good.
http://www.forexpeacearmy.com/forex-forum/forex-military-school-complete-forex-education-pro-banke Unbelievably thorough! Education on forex trading, literally everything is covered.
http://stockcharts.com/school/doku.php?id=chart_school Very wide ranging resource that focuses mainly on technical analysis.
http://www.investopedia.com This should be a given, but seriously – this place is the Wikipedia of trading/ investing.
http://www.swing-trade-stocks.com/swing-trading-basics.html Actually a really good learning resource that mentions psychology and momentum among other things.
http://thepatternsite.com/Psychology.html Really good information on trading psychology – something that often goes unnoticed with beginners.
http://www.finvids.com/ Cool little website with videos on candle patterns and chart patterns.
http://www.fxacademy.com/ Appears to be a free trading academy. Not tried it personally, but it looks really good. With plenty of videos for visual learners.
http://forex-strategies-revealed.com/intro PEOPLE IN NEED OF A STRATEGY CHECK THIS OUT List of strategies, literally everyone you'll ever need.
ARTICLES OF INTEREST N/A -----------------------------------------------------------------------------
http://orderflowforex.com/2014/11/trading-books-proper-orde There's a lot of information out there, it's overwhelming. You might think "Where the hell do I start?!" well here's your answer! The books you have to read... and in what order! Super important for beginners.
http://www.stocktradingtogo.com/2009/05/14/trading-psychology-stages-investor-emotions/ An article on the ’14 stages of investor emotions’ knowing who you are and what is happening to you can lead you to make more calculated decisions.
http://fourhourworkweek.com/2014/10/15/money-master-the-game/ Tim Ferris, author of The 4 Hour Work Week interviews Tony Robbins to find out the success behind the worlds best investors. Talking about morning routines, peak performance & mastering money!
http://www.tradeciety.com/category/trading-blog/ Best trading & investing blogs and articles as picked by tradeciety.com
http://www.forextradetracker.com/blog/understanding-forex-jargon-a-glossary-for-beginners Forex jargon glossary for beginners. Submitted by gumballfrank
http://orderflowforex.com/order-flow-trading/what-is-order-flow-trading/ What is order flow trading? Essential for beginners
FORUMS N/A -------------------------------------------------------------------------------------------------
http://www.forexpeacearmy.com/ Excellent learning resource, main focus is to help avoid people getting scammed.
http://www.trade2win.com/boards/ Massive forum for beginners to talk to more experienced traders – very active community.
http://www.forexfactory.com/forum.php Much like trade2win but more focused towards forex.
http://forums.babypips.com/ Another forum dedicated to forex traders. You'll find people keeping good strategies here, list them via most views first to find the real gems.
MISCELLANEOUS RESOURCES N/A --------------------------------------------------------------------
http://www.forexfactory.com/showthread.php?t=520423 Some beast called Lester showing you how it is! Read this!
http://theinnercircletrader.com/Tutorials.htm If you watch all of these you're already a millionaire!
http://www.forex-warez.com/Free%20Download/ Every book you could ever want on trading, investing, market psychology, strategies etc.
http://www.forextradetracker.com/ SUPER IMPORTANT This website is paramount to your success, still in development but will provide users with an easy way to document trades. Success is determined by your willingness to follow through with the boring bits so keep this one in your bookmarks.
http://www.hotcandlestick.com/candlestick-pattern-flashcard-game.html Super useful Flashcard game that helps you to remember important candlestick patterns.
http://www.hotcandlestick.com/forex_charts.htm Important candlestick patterns that have appeared on the major currency pairs. Good for a quick overview.
http://www.freeonlinetradingeducation.com/chart-school.html Website offering visual illustration & practical applications of popular candlestick patterns.
http://www.hotcandlestick.com/candles.htm Glossary of candlestick patterns.
http://www.incrediblecharts.com/topic/Technical_Analysis Another resource for learning technical analysis. Not particularly thorough but useful for basic concepts.
http://www.forexschoolonline.com/ Market overviews and trading opportunity videos provided, along with educational videos and the like.
http://www.tradersdna.com/education/ Another trading education site focusing more on forex.
Edit - I've spent about 2 hours making this now. I hope you guys find it useful! I'll continue to update it and may you all find trading success. If you want to help me out spread the link! put it on forums or share it with friends. Good luck to you all and happy trading!
Edit 2 - My brain is fryed... time for a rest.
Edit 3 Once I've categorized this post making it easier to navigate i'll be adding books to read, videos to watch & the traders that will help on your journey to self-sufficiency. Happy trading everybody!
Edit 4 Moved the podcasts into the comments so there is more room here for extra sites.
submitted by Dannyboi93 to Forex [link] [comments]

The era of artificial intelligence: how robots manage capital

The era of artificial intelligence: how robots manage capital
Interview with Alexander Tatarsky, creator of the quantum fund
How well do you know artificial intelligence? Perhaps you have never heard of it, or maybe it’s quite the opposite and robots are already managing your capital.
We were able to interview Alexander Tatarsky — an experienced trader, co-founder and financial director of the Mercury Foundation — a fund that manages capital through A.I.! Alexander introduced us to the concept of his organization and explained the unique idea behind the project.

https://preview.redd.it/bulvn62tuw021.jpg?width=700&format=pjpg&auto=webp&s=7c6357c83fe7c7afd904a8e9718447801fbdc8a1
Alexander, why did you start trading? How did you start and why did you decide to choose this particular field?
Many people know that the Chinese word “crisis” consists of two hieroglyphs. One means “danger”, and the other one — “opportunity.” I considered a global financial crisis of 2008 an opportunity. That’s when I began my professional career in the financial markets. Before those events, I was always very interested in economics (thanks to my economic education!) and financial markets, but I focused on 2 aspects: first is financial markets as an instrument of global management of peoples and their well-being, second — financial markets as an example of the fundamental laws of nature. I always wanted to get closer to understanding the essence of these processes.
However, until 2008, I was just a curious observer. I read books, watched major events, learned to compare facts. I was running a business that had nothing to do with the markets. The events of 2008 encouraged me to make my first profitable deals. And then I realized that this field is not only about self-development and curiosity — it could also become a source of permanent income. With the right approach, this income can be much higher than in other sectors of the economy. So the choice was made.
What were the reasons for creating an Investment Foundation managed by artificial intelligence?
Anyone who is professionally engaged in money management considers automation at some point. Computers are much more efficient than human when it comes to assets management. Robots are taking over, so it was a logical step for us. From the very beginning, we realized the inferiority of the ready-made solutions on the market and did not even consider using other people’s services. We could use the A.I, and we did. It was actually not even a question, it’s like asking an artist — why are you painting? Because we are the best at managing money.
What is the market share (in particular, on cryptocurrency market) of the investment funds (including funds managed by artificial intelligence) and how do you handle the demand?
If we talk about traditional financial markets, then, according to the latest data, the share of investment funds in the total volume of transactions amounts to 70%. At the same time, quantum funds account for at least 27% of all transactions on US exchanges. As for the cryptocurrency market, they are so riddled with fraud and unrealized projects that we have long since ceased to care about the competitors.
There are many ordinary funds, but 80% of them close in a year and 95% of them — in three. We do not consider them competitors, as we are focused on long-term work. All their clients will eventually come to us. In long-term, the manual traders do not stand a chance against the robot.
Are there any companies similar to yours in the world?
Yes, sure. In our industry, only a few succeeded in achieving the degree of automation that we have. The most successful of our colleagues use qualitatively different algorithms that still require regular manual testing and customization. In most cases, those “algorithm factories” constantly have to adapt to the new market conditions. Our algorithms require human participation only at the development stage. Simply put, in most cases, operators with remote controls always follow their robots, but our robot can walk on its own.
The market offers a huge number of different robots that promise to increase your capital in Forex, binary options, cryptocurrency. How are you different from them? Is it possible to earn money with such robots?
Yes, certainly. If you are good at trading and investing. If you have clear money management rules backed by math. If not, you can only lose. And robots have one more limitation — they cannot bring you the profit all the time. Such robots offer a huge number of strategies, half of which is profitable, and the other half is not. Because a person is ultimately responsible for choosing strategies. That is, it is not the robot that makes the decisions, but the user who sets the trading rules. In some cases, it helps to earn quickly, and in others — to lose quickly. Such robots do not guarantee earnings, they only ensure fast trading. We have a radically different approach. Bruce Lee said: “I fear not the man who has practiced 10,000 kicks once, but I fear the man who had practiced one kick 10,000 times”. Therefore, instead of ten thousand strategies, we have been developing only one strategy for several years.
The robots you are talking about are the first level. There are many of them and to me they are useless. Among our competitors, there are funds that trade in traditional markets using second-level robots. There are not many of them, but they all deliver consistently good results. One of the leaders in our industry is the Medallion Foundation, created by Renaissance Technologies. For several decades, their mathematical model has been continuously multiplying their capital.
We consistently implement the same model of asset management, completely removing a person from decision-making process. Development will take a few more years, but even now, our robot is already trading at the professional level. The robot needs a person only for controlling and learning new functions.
Some believe that technical analysis does not apply to cryptocurrency, what do you think about this statement?
I actually do not care; it is rather a question of how competent is the person who said this. If it works for you, you can use it. I think you will agree that a professional can play even on one string, and the amateur can find a thousand reasons to give up. The only thing I can do is ask in return — what can the market offer instead of technical analysis? Intuitive news trading? Fundamental analysis? Neural network?
Technical analysis is a complex discipline and it takes a lot of time and mental strength to fully master it. It could take a trader 10 years to learn it. Not everyone succeeds, so technical analysis does not work for everyone.
I favor a more specific approach: if it doesn’t work for someone, they should figure out why, because it is working for us quite well.
Where does your Foundation operate?
We advertise ourselves as a global foundation. In today’s world, good business has to be global. Among our clients are representatives of the Russian Federation, the European Union, Great Britain and China. We continue to expand our reach. As for trade, over the next 6 months we will be able to manage capital on all largest exchanges of the world.
Why is there a minimum deposit amount of $ 10,000?
There are several reasons. First, we need funds to maintain client accounts. We do not charge a monthly fee, only a percentage of the profits. Therefore, the size of the deposit has a lower limit.
Second, $10k is not much for our target audience. It also acts as a filter that shows the solvency and how serious the intentions of a potential client are. We do not target the mass market and do not deal with dumping. On the contrary, we provide long-term, high-quality services for those who can afford it.
Third, the robot independently manages risks and simultaneously controls all portfolios. We don’t like it if someone can’t enter the position because the share calculated for him by the robot is not allowed on the exchange due to restrictions.
Are there any differences in the management of different amounts of investment? If yes, what are they and are there any similarities in the management of investments of one quantitative segment?
Our job is to describe all the differences with strict mathematical formulas and test them thousands of times under all possible conditions. Therefore, there is no big difference for us between a 5 mln purchase or 5k purchase. Everything is described, tested, calculated, everything works.
Differences in the management of large capital are even more drastic. The psychological factor in this case becomes critical. The same trader managing a demo account or a million dollar account will behave like two completely different people and make fundamentally different decisions. Our task is to completely eliminate the human factor from the money management process.
What are the chances for new instruments to get into the Foundation’s portfolio? What is the basis of the selection of certain tools? Are there any common priority tools for different segments of investors?
Any promising liquid instrument can be included in the portfolio of the Foundation, and the choice depends on many factors. The robot evaluates and filters the instrument on the basis of special algorithms and determines the share of an asset in the portfolio based on the results of the evaluation. All decisions must be mathematically justified, taking into account the analysis of the maximum possible amount of data. The more data on the instrument we have, the higher the quality of the decisions made and the share of the instrument in the portfolio. The choice does not depend on the category of investor. If the instrument is promising and liquid, all our clients will get profit.
Can you tell more about the terms of settlements between the Foundations and investors?
If someone in our market guarantees you a good profit and even specifies when you could get it, then I in turn guarantee that this is a fraud. We are most interested in customer profits, as this is the only way to offset the costs of managing his account. Imagine the following situation:
The new client opened a 10k deposit and a month later, he had a total of 12k in his account. At the beginning of next month, we will ask you to transfer us 1k as a fee. 11k remains on his account, but a month later, suppose, unsuccessful deals were made and there is 10k on his account again. In this case, we do not require any payments until the deposit exceeds 11k.
Suppose a month later he has 12k again. Then we will charge 50% of the difference between 11k and 12k, i.e. $500. The fact that the entire team of our foundation has long transferred the management of all its assets to our robot could also count as a guarantee. We have a direct motivation to make trading as successful as possible. We do not use the services of other funds or managers. And the second fact is that the portfolios of all clients, including our personal ones, are managed simultaneously.
Can you share the success stories of the Foundation?
We want to implement a demo account for this purpose. We plan to fill it with transactions and statistics from 2017, copied from real accounts, but without disclosing personal data. The demo-account will include a history of the average client from the beginning of 2017.
It will explain how the robot trades and what profit you can expect from it.
Do you believe that private investors, to some extent, are competitors to investment funds? What, in your opinion, is it more efficient and profitable: being a private investor or investing with funds?
No, we consider them not competitors, but clients. The vast majority of our clients already have experience in investing. Beginners often think they are the smartest, that they don’t need to pay someone 50% of the income when they can easily buy and sell themselves. I admit that in the short run a private investor can earn more than a robot — but definitely not over a long period. The robot ensures a stable result day after day, year after year, while people are prone to stress, illness and psychological weakness.
Also, funds, compared with private investors, have more compelling ratio of risk and return. At some time, a private investor may gain the same profit as a fund. However, the fund will achieve the same profit with much less risk. My money is controlled by a robot, although I believe in my capabilities as a trader.
Does the Foundation have an affiliate program?
Yes, we have an affiliate program, and at the same time, we are interested in collaborating with specialists for mutually beneficial cooperation. For example, we could consider providing service for the service for really good experts in design, advertising and marketing. If you have such specialists, let them send me their proposals and CVs. See contact details on our website.
What kind of future do you see for ordinary investment funds and funds like the Mercury Foundation?
It is clear to me that the share of funds managed by robots will grow steadily. Most likely, in a couple of decades only old-timers will manage money manually.
Robotization applies to all spheres of life and investment has already come into play. For example, the head of Japan’s Government Pension Investment Fund — the world’s largest pension fund — believes that artificial intelligence will soon completely replace asset managers. And I fully agree with him.
And the largest hedge fund Bridgewater Associates is developing a decision-making algorithm that can replace all management personnel over time.
How do you look at the cryptocurrency market from a global perspective? Will the Bitcoin climb to 20,000$ again? And what will happen to the altcoins?
If we talk about the long term prospect, like 3–5–7–10 years, then I’ll say that today we see the early stage of the cryptocurrency market. Over time, its capitalization will be measured in trillions of dollars. The best projects of this field will become an integral part of our lives. Many of them will become new Google, Facebook, Apple and Amazon.
However, this will happen gradually. In order to become a mature sector of the economy, this market will have to go through many challenges. It will face issues of legislative regulation and technical problems. The scaling and bandwidth issues of most networks are still relevant, as well as legal issues. Most states are just beginning to explore the risks and opportunities associated with these technologies. And the promotion of such technologies is still very dependent on states and supranational bodies. If we talk about the short and medium terms, the prospects are not very bright.
I think that in the near future the bitcoin will certainly not reach the 20,000$ mark. We are witnessing the strongest bear market and must act accordingly. The time for positive medium-term forecasts has not yet come. The industry was severely overcrowded in 2017. There was too much hot money, many economically unfeasible projects and excessively high expectations. The market will need time to stabilize and consolidate. Most likely, we are in for a rather complicated and dangerous period of instability in the market. Obviously, this will be accompanied by some cleansing of the market from weak, incompetent and unclaimed participants.
This is a necessary stage on the path towards development. I think that 80% of altcoins known to us will depreciate and disappear in the next year or two for objective reasons. It will be a time of natural selection. However, strong players will only strengthen their positions in the market. Unfortunately, there will not be many of them. Therefore, in the near future, all investors will need to take a good care of the management of their portfolios. Despite the rather grim short-term and medium-term expectations, there will be some positive developments on the market. Some cryptocurrencies are likely to exceed their all-time peaks next year. And some will just look stronger than the market. This will be enough to generate profitability even under such difficult conditions. Therefore, the main task for the near future is to manage risks in a competent and very conservative manner and select the best ones on the market for investments.
From a professional point of view, what would you wish to partners of our club?
Depends on their goals. If they invest for the sake of emotions, then I wish them good luck and health. If they do it to earn money, I advise you to consult with professionals. This applies not only to investments, but also to any area of life. If you want the task to be solved as accurately as possible — always contact the best professionals available. And always keep learning. Your knowledge is your most reliable asset.
What books would you recommend for beginner traders?
If you decide that you are ready to turn trading into your profession, then start eagerly exploring everything available to you. Everything about financial markets, about macroeconomics, about psychology, about analysis and forecasting. Do not forget that money management skills play a huge role here. Ralph Vince will help you figure it out. Even if your analysis of the markets is very good, you will lose everything eventually if your money management skills are subpar. Now is a great time to learn, you have hundreds and thousands of books available on all aspects of this profession. Someone will enjoy the works of John J. Murphy or Jack Schwager, someone will learn from William D. Gann or Robert Prechter. And remember: knowledge is more important than capital!
We thank Alexander for such a detailed story about the Foundation, as well as for his sincere desire to share his opinions and forecasts. If you want to entrust the management of your funds to the Mercury Foundation, type “I want to invest in the Mercury Foundation” in the personal messages of the group.
submitted by Golden_Island_Club to u/Golden_Island_Club [link] [comments]

#liqnet

LIQNET A CRYPTOCURRENCY EXCHANGE WITH THE UNIQUE LIQUIDITY POOLING TECHNOLOGY
LIQNET SPECIFICS
THE LEN MECHANISM (LIQUIDITY EXCHANGE NETWORK) LEN (Liquidity Exchange Network) is what makes our exchange unique. This mechanism allows collecting and aggregating buy/sell orders through APIs of 1,2...n exchanges located anywhere in the world and forming a unified order book.LIQNET is a cryptocurrency exchange that uses a unique liquidity gathering mechanism. Find out how it works today in our review.What Is LIQNET?
LIQNET, found online at LIQNET.com, gathers liquidity from other exchanges and allows traders to access this liquidity through a single dashboard. You can take advantage of arbitrage opportunities between exchanges. Or, you can simply use LIQNET to access more liquidity.
The system revolves around the united limit order book, or LOB. You access this order book through the professional LIQNET interface. LIQNET was announced on April 24, 2018. The company is expecting to launch a token sale in May or June 2018.
How Does LIQNET Work?
LIQNET revolves around its limit order book, or LOB, and its LEN mechanism. The Liquidity Exchange Network, or LEN, mechanism prevents liquidity fragmentation by pooling bids and orders from different exchanges. Instead of accessing liquidity from a single cryptocurrency exchange, you can access liquidity from multiple exchanges using the same professional LIQNET dashboard. The main benefit of this higher liquidity is that traders can enjoy a lower bid/ask spread. LEN collects and pools orders from exchange customers like you. Then, it connects those orders with orders from other platforms, creating a single depth of market panel. Orders are collected and then made available for trading to all LIQNET exchange customers.
Using the public APIs of cryptocurrency exchanges, LEN polls them for purchase and sale bids, forming a single depth of market panel for its customers and allowing traders to find the best prices at minimal spread.
You can access LIQNET through your desktop browser or a mobile app.
LIQNET Features & Benefits
LIQNET emphasizes all of the following features and benefits:
No Slippage: High liquidity allows users to reduce or fully eliminate the costs of slippage. Expenses Reduction: The higher the market liquidity is, the smaller the bid/ask spread will be, which thereby lowers the cost of trading.
Trust: LIQNET’s liquidity “reflects the presence of a mass of people whose actions are much easier to predict than the actions of a single person,” explains the official website, which means that a single entity can’t dominate the trading market. Decentralization: LIQNET claims to be built on a decentralized system because their physical hardware is located in two different data centers, including centers in France and Canada. This isn’t what we typically mean by “decentralization”, although we understand what LIQNET is getting at.
Security: LIQNET holds customers’ funds in multiple locations, including hot wallets, multi-signature wallets, and cryptocurrency exchanges. This reduces the risk of theft. Multiple Trading Options: LIQNET supports direct trading from the financial chart and scalping trades (including post limit and stop orders right from the order book). Multiple Order Types: LIQNET supports stop order trades, stop limit trades, TP & SL trades, trailing stop trades, Iceberg, IFD, OCO, IFDOCO, valid till day/time trades, AON, IOC, and FOK trades.
Financial Charts: LIQNET provides a suite of analysis tools. Users can also customize their dashboard with 100+ different trading indicators. Multiple Currency Pairs: Right now, LIQNET lists just four cryptocurrency pairs, including LTC/BTC, ETH/BTC, BCH/BTC, and PPC/BTC. However, they allow users to deposit more currencies, including bitcoin, Litecoin, USD, Ethereum, Bitcoin Cash, DASH, and Peercoin (PPC).
LIQNET Fees A number of cryptocurrency exchanges aggregate liquidity from across different exchanges. So what makes LIQNET special? What kind of fees can you expect to pay? Here are some of the notable fees as listed on the LIQNET fees page: Trading Fees: 0.2% taker fee, 0.1% maker fee Deposit Fees: 0 (0% deposit fees on all deposit options, including bitcoin, Litecoin, USD, Ethereum, Bitcoin Cash, DASH, and Peercoin). Withdrawal Fees: 0.0001 BTC, 0.01 LTC, 0.01 USD, 0.01 ETH, 0.01 BCH, 0.01 DASH, and 0.01 PPC.
The LIQNET ICO LIQNET is expecting to launch a crowdsale in May / June 2018. That crowdsale will consist of a closed pre-sale and an open ICO. Further details of the token sale have not yet been announced. LIQNET has partnered with Como Capital to launch their ICO. It’s unclear how LIQNET tokens will work. However, tokens launched by other cryptocurrency exchanges typically provide a discount on trading fees. You might only pay 0.1% or 0.5% trading fees when paying with LIQNET’s tokens, for example.Who’s Behind LIQNET? LIQNET was created by a team of finance, law, and technology professionals with a proven track record in traditional investments and forex trading.
Key members of the team include Roman Shirokov (CEO), Evgeny Tarasenko (CTO), and Vyacheslav Kasatkin.
LIQNET was incorporated in 2015. The company is registered to an address in Singapore (10 Maxwell Road, Singapore).
LIQNET Conclusion LIQNET is a cryptocurrency exchange that aggregates liquidity from a number of different exchanges across the internet. The goal is to reduce the bid/ask spread while offering users the highest liquidity across multiple order types and markets. Right now, LIQNET is in the early stages of launch. The exchange is not yet available online, although a desktop and mobile app are preparing to launch in the near future.
submitted by Sl1mXgod to u/Sl1mXgod [link] [comments]

Can Chatbots be Intelligent?

Can Chatbots be Intelligent?
Businesses devise a billion ways of wooing customers, every day. If a chatbot can be a useful accomplice toward that end, why not give it a try? Afterall, who wouldn’t want a tool that can hold an intelligent conversation with customers, make them feel comfortable and bind them to your business.
Is it possible?
Recall that memorable scene from the award winning 2003 film, Lost in Translation, where an aging American actor, Bob Harris (played by Bill Murray), is on a set in Tokyo to shoot a whiskey commercial. The director, Yutaka Tadokoro, begins instructing Bob in Japanese, and the slapdash interpreter fails to capture the meaning—namely, it gets lost in translation. The process bogs down, and the commercial is a disaster.
You don’t want human-to-computer interactions to end up that way, right? But one-way communications prove to be too exasperating to users. People give up on trying to get a machine understand their intentions in a few clicks and presses. There’s that missing vibe, that interactive component in any human-computer engagement; and it’s the main reason a vast majority feels they must adapt to the technologies they use, rather than technology adapting to them.
https://preview.redd.it/mzxagl6zwrd11.jpg?width=220&format=pjpg&auto=webp&s=49da6f90e91dc9686b28c337b159b74c7f6dd3bf
Enter 2018, and we have artificial intelligence (AI)-driven chatbots that are revolutionizing human-computer interactions just the way the humans want it. Chatbots today are more adaptive to the way people speak and mimic their emotions to the nearest binary. 2018 is paving the way for a great chatbot innovation.
Meanwhile, developers are working tirelessly to bring in new consumer experiences to market. For example, once WhatsApp opens to bots next year, it will unlock direct access to over one billion new users. Chatbots are continuing to push the envelope of new technology further.
To reckon with, a chatbot isn’t an additional handle on your website or a fancy add-on. It’s the need of the hour for every business that’s flourishing or aspires to flourish. In a market that’s fiercely competitive, customers expect to receive accurate information quickly enough to make a decision. As a business owner, you need to cater to that need. If you don’t have funds to recruit more people to answer all the questions customers throw at you, then deploying a smart chatbot can rescue your business in that case.
https://preview.redd.it/vpuz6mb1xrd11.png?width=800&format=png&auto=webp&s=f615929b9f190e38afe38c3d59ba084dbfc9747b
But then intelligence also matters as it determines the kind of tasks or conversations your chatbot can handle. Needless to say, if you have a clear set of activities preconceived in your mind, you can build awesome customized bots.
Let’s take you through a short read about 5 important things that can make a chatbot intelligent.
1. Bots need to understand human conversations:
The bot needs to be quick and intelligent enough to understand the context of the conversation happening in real time. It’s about sense and sensibility, in conversations.
Normal human conversations are replete with instances of switching over context while talking, while at work - resuming a task, discarding the current task and switching to a newer one, or in general hold a task while the other is being executed and work on follow on. Human conversations tend to switch between contexts and variables (intents and entities), often combining multiple things into one.
Sample this response to a flight booking bot for example, "My Destination? San Francisco. But how's the weather over there?"
What should be the bot’s response here - capture the entity and continue booking or check the weather before that?
In this case, chatbots need to
  • have context switching abilities to handle interruptions smartly and provide full control to developers in defining the experience
  • capture unattended interruptions from a conversation flow and keep them accessible
  • be equipped with human conversations and have the ability to hold and resume a dialog for a certain amount of time and execute the tasks in sequential order, and especially while understanding human emotions
You may argue that a bot is after all a machine and cannot absorb emotions, but all said and done, it also depends partly on how much capability you build into it. So, it must be clever enough to filter the feelings of the customer. The bot needs to understand, analyze and respond based on the human emotion. For instance, if a customer messages an online shopping portal saying, “Your service is amazing, the delivery of items are always 2 to 3 days delayed”, none can miss the biting sarcasm intended in the statement. But if the bot isn’t developed to cater to this sort of sentiment, it may end up answering in a horribly awry manner.
https://preview.redd.it/a3p88148xrd11.png?width=800&format=png&auto=webp&s=f589d16a1d1407018f26c460404a69def2a4cf52
Intelligent bots will have: Sentiment analysis, context switching, hold and resume feature.
2. Standardization and uniformity in bot utterances
It’s important to remember that a chatbot must give vibes closest to humans as much as possible. The way humans carry the stamp of their personality and style, bots too need to be enabled to do that. When asked about something, a bot must respond in a particular way and pattern that sounds like a human. This warms the usecustomer and makes him feel at ease during the conversation with a chatbot.
“You must have direct connection with your customers as part of your brand’s identity, even more than your website that doesn’t seem to have an identity, this will have a personality.”- William Meisel
Thus, chatbots need to
  • understand and remember the user context - make all user information available in a single location and accessible
  • store the user profile with information like first name, last name and make it accessible to all the systems for the convenience of the user.
  • remember what a specific user talks to a specific bot, in an enterprise scenario it needs to keep certain features such as prompt for ‘Password length’ / ‘folder for HR information, constant for all the employees in the enterprise
It’s important for a chatbot to keep a current task which is being executed in an active mode and store information.
As a corollary, customers appreciate and connect with the support executives (call support executives/shopping store helpers) who can remember their preferences, can validate their purchases, help them with more information on products, and basically give importance to them while attending to their queries. For example, in a Forex platform the currency against each country is maintained constant across all systems for everyone to access. The platform tends to store the first and last name of the customer, their last transaction and their payment options.
Chatbots now have the responsibility to standardize their understanding of a customer and respond to them accordingly, whether in the manner of communicating or the speed with which they resolve their query. Chatbots need to converse with customers to extract this information and keep up to their pace.
https://preview.redd.it/flps4l6bxrd11.png?width=800&format=png&auto=webp&s=dee88672cef176ed92778e962a9029543ee6cbd9
Intelligent bots will have features like: Small talk, Bot user session, Enterprise context, User context and User session
3. Making the complex conversation sound simple
Chatbots are expected to break the complex structures of conversations into simpler tones and bring to a logical conclusion. Here’s where ‘Artificial Intelligence’ comes into play. Among the many types of chatbots, the most common ones are task specific that cater to a specific job, with pre-loaded answers and information. These type of chatbots have the ability to gather data from the internet, previous company database and other sources. Therefore, these bots are able to reply to diverse queries.
The intelligent bots, in addition, have the potential to mold the conversation the way the customer wants and guide him towards a specific solution. In an office setup, it’s common for a conversation like, “Hey Lisa, set up a meeting with Phani if he’s free”, to be handled between a Boss and Secretary. To enable that, the chatbot needs to first look up the calendar of ‘Phani’, find a suitable time for a meeting in sync with the Boss’s schedule and then reschedule the meeting. Chatbots thus need to break up complex sounding conversation into simpler nuances and then execute the task sequentially and logically.
Intelligent bots can also break down the conversation to its essence and action items. Let’s look at a very common scenario: ‘Customer tries to book tickets for 14th August, confirms on the choice of airlines, origin and destination and navigates to the next page, but feels that the pricing is very high. The customer then asks the bot to check for ‘15th August instead’. Here, based on the situation, the chatbot is acting and will be able to display the new prices by changing the date of journey.
https://preview.redd.it/bzfoasiexrd11.png?width=800&format=png&auto=webp&s=67d134343093daf3d239c9bcfd0b315fb687d333
Intelligent bots will have features like: Amend Entities, Planning.
4. Adapting to human utterances
In the context of human–computer communication, forming assumptions about what a system can do and understand is problematic for most people. In turn, forming assumptions about how users will “talk to” the system is also likely to be problematic for system developers. The potential for variability in how users will communicate with a system is enormous and has been dubbed “The Vocabulary Problem.”
An intelligent chatbot can not only handle queries smartly and remembers them through the session, but also learns new things with every conversation that happens, saves them and uses them appropriately for future instances.
In a human conversation and especially over voice, there are bound to be
  • expectation of elaboration or confirmation (“can you hear me?”, “I do not follow”)
  • request for repeat of sentences (“ I’m sorry I couldn’t hear that, can you please repeat it again?” “Sorry, can you repeat?”)
  • pauses (“can you please hold? [pause] thank you!”)
  • interruptions (“the number is 212-” “sorry can you start over?” )
The simplest thing to do when writing responses to command and inquiry utterances in a conversational UI is to get straight to the point: respond with facts. That’ll remove a lot of the ambiguity and simplify the dialogue.
It’s up to the intelligent chatbot to adapt to the way the human responds - with the referential context (or) pauses (or) specific context (or) synonyms (or) repetition (or) abbreviations (or) variations in dialect. The chatbot needs to map it pre-contextually. But like their human counterparts, chatbots’ conversational skills determine whether they earn you seamless, scalable transactions or just another horde of pissed-off customers. This needs a lot of training by the chatbot to help continue the conversations to the logical ending.
https://preview.redd.it/u5g63jovxrd11.jpg?width=1581&format=pjpg&auto=webp&s=1f394c933c28c1079cf290156de09f285b2054d1
Intelligent bots will have features like: Sync, Repeat, Interruptions and Pauses.
5. When bots are kept simple
Although AI chatbots’ task is complicated and they need to be built up that way, yet the effort should be made to keep it simple. They need to be comprehensive yet detailed. A customer initiating a conversation with a chatbot might already be troubled due to some poor service related issue, hence it’s better not to irk him further with complex interaction. The bot should be answering the already irked usecustomer in a most precise way possible without confusing the person further. It’s easy to figure out if you are talking to a bot or a human. Make sure the customer knows that they are talking to a bot by welcoming them with some sort of welcome message. Nobody likes being told the same thing over and over again, so why do chatbots keep doing it? Bots should detect when they’re about to repeat a previously given answer and switch strategies. If the answer didn’t resolve the user’s needs before, repeating it certainly won’t either. From the user interface, to the dialog flow the experience should be pleasant, and information given to the user needs to be valuable and crisp.
Twitter also provides the option to give your bot a custom name for different sections of the bot, which can be of use. It’s important to show what the chatbot is capable of doing with Quick Replies. The customer needs to be a guided stepwise within the conversation and with enough accessible options to choose from.
Lastly, there must always be a way to end the conversation with the bot and switch to a human agent. Many bots today include a Quick Reply to “Speak to an Agent”. Certain actions, such as open-ended visual search, are challenging to complete in a messaging environment. In those situations, bots can route to a website or app to help the user complete goals they couldn’t execute within the context of chat.
https://preview.redd.it/gc1j3z4sxrd11.jpg?width=578&format=pjpg&auto=webp&s=331b9de9fcfa0c26ddf34eeb93783e909ecab6cf
Intelligent bots will have features like: Simple UI, Simpler steps, Agent Handoff
In a nutshell, a chatbot must be programmed to not just provide optimum solutions to problems, but also converse with customers in an engaging manner. The interaction must be exciting and the bot must appear to be curious enough to answer all queries. People prefer lively interactions and a chatbot needs to meet that expectation.
https://preview.redd.it/erd22jzpxrd11.jpg?width=1505&format=pjpg&auto=webp&s=d83e0de6283b47b1210a912d26e23dd8023d3afc
For example, there are bots aligned with online shopping portals that can actually sense your liking and disliking. They can cancel orders for you accordingly and order the stuff that you actually want. Businesses are now moving way ahead than what anyone had ever thought of earlier. If we have an amazing concept like messenger or Kore.aiBots Platform, then why not use them to the full extent. Their proficiency in collecting massive data in a short period of time can be used to forecast upcoming business. You know it better how to get edgy with this interesting concept. The more you experiment with chatbots, the more you would get to know the wonders you can create with these little machines.
Some of the Global 2,000 companies and large enterprises are using Kore.ai Bots Platform to build their chatbots. How about you?
To get everything you need to build and deploy intelligent, enterprise-grade chatbots — without unnecessary complexity, click on Build your first BOT.
To ask questions, get tips, learn and grow with Kore.AI developer community, click on Ask questions on Developer Community.
Also Read on : Chatbots (of) the Future
Thank You
Phani Marupaka
LinkedIn| Tweet at : @phani_teja
submitted by PhaniTeja4 to u/PhaniTeja4 [link] [comments]

Can Chatbots be Intelligent?

Can Chatbots be Intelligent?
Businesses devise a billion ways of wooing customers, every day. If a chatbot can be a useful accomplice toward that end, why not give it a try? Afterall, who wouldn’t want a tool that can hold an intelligent conversation with customers, make them feel comfortable and bind them to your business.
Is it possible?
Recall that memorable scene from the award winning 2003 film, Lost in Translation, where an aging American actor, Bob Harris (played by Bill Murray), is on a set in Tokyo to shoot a whiskey commercial. The director, Yutaka Tadokoro, begins instructing Bob in Japanese, and the slapdash interpreter fails to capture the meaning—namely, it gets lost in translation. The process bogs down, and the commercial is a disaster.
https://preview.redd.it/6vqwiux3urd11.jpg?width=220&format=pjpg&auto=webp&s=fd5151869d3e932a32f56fc969406633cd3ba623
You don’t want human-to-computer interactions to end up that way, right? But one-way communications prove to be too exasperating to users. People give up on trying to get a machine understand their intentions in a few clicks and presses. There’s that missing vibe, that interactive component in any human-computer engagement; and it’s the main reason a vast majority feels they must adapt to the technologies they use, rather than technology adapting to them.
Enter 2018, and we have artificial intelligence (AI)-driven chatbots that are revolutionizing human-computer interactions just the way the humans want it. Chatbots today are more adaptive to the way people speak and mimic their emotions to the nearest binary. 2018 is paving the way for a great chatbot innovation.
https://preview.redd.it/27twgl16urd11.png?width=800&format=png&auto=webp&s=c2a83408e1f5a9495428fff1f4cc0414d30b8d84
Meanwhile, developers are working tirelessly to bring in new consumer experiences to market. For example, once WhatsApp opens to bots next year, it will unlock direct access to over one billion new users. Chatbots are continuing to push the envelope of new technology further.
To reckon with, a chatbot isn’t an additional handle on your website or a fancy add-on. It’s the need of the hour for every business that’s flourishing or aspires to flourish. In a market that’s fiercely competitive, customers expect to receive accurate information quickly enough to make a decision. As a business owner, you need to cater to that need. If you don’t have funds to recruit more people to answer all the questions customers throw at you, then deploying a smart chatbot can rescue your business in that case.
But then intelligence also matters as it determines the kind of tasks or conversations your chatbot can handle. Needless to say, if you have a clear set of activities preconceived in your mind, you can build awesome customized bots.
Let’s take you through a short read about 5 important things that can make a chatbot intelligent.
1. Bots need to understand human conversations:
The bot needs to be quick and intelligent enough to understand the context of the conversation happening in real time. It’s about sense and sensibility, in conversations.
Normal human conversations are replete with instances of switching over context while talking, while at work - resuming a task, discarding the current task and switching to a newer one, or in general hold a task while the other is being executed and work on follow on. Human conversations tend to switch between contexts and variables (intents and entities), often combining multiple things into one.
Sample this response to a flight booking bot for example, "My Destination? San Francisco. But how's the weather over there?"
What should be the bot’s response here - capture the entity and continue booking or check the weather before that?
In this case, chatbots need to
  • have context switching abilities to handle interruptions smartly and provide full control to developers in defining the experience
  • capture unattended interruptions from a conversation flow and keep them accessible
  • be equipped with human conversations and have the ability to hold and resume a dialog for a certain amount of time and execute the tasks in sequential order, and especially while understanding human emotions
You may argue that a bot is after all a machine and cannot absorb emotions, but all said and done, it also depends partly on how much capability you build into it. So, it must be clever enough to filter the feelings of the customer. The bot needs to understand, analyze and respond based on the human emotion. For instance, if a customer messages an online shopping portal saying, “Your service is amazing, the delivery of items are always 2 to 3 days delayed”, none can miss the biting sarcasm intended in the statement. But if the bot isn’t developed to cater to this sort of sentiment, it may end up answering in a horribly awry manner.
Intelligent bots will have: Sentiment analysis, context switching, hold and resume feature.
2. Standardization and uniformity in bot utterances
It’s important to remember that a chatbot must give vibes closest to humans as much as possible. The way humans carry the stamp of their personality and style, bots too need to be enabled to do that. When asked about something, a bot must respond in a particular way and pattern that sounds like a human. This warms the usecustomer and makes him feel at ease during the conversation with a chatbot.
“You must have direct connection with your customers as part of your brand’s identity, even more than your website that doesn’t seem to have an identity, this will have a personality.”- William Meisel
Thus, chatbots need to
  • understand and remember the user context - make all user information available in a single location and accessible
  • store the user profile with information like first name, last name and make it accessible to all the systems for the convenience of the user.
  • remember what a specific user talks to a specific bot, in an enterprise scenario it needs to keep certain features such as prompt for ‘Password length’ / ‘folder for HR information, constant for all the employees in the enterprise
It’s important for a chatbot to keep a current task which is being executed in an active mode and store information.
As a corollary, customers appreciate and connect with the support executives (call support executives/shopping store helpers) who can remember their preferences, can validate their purchases, help them with more information on products, and basically give importance to them while attending to their queries. For example, in a Forex platform the currency against each country is maintained constant across all systems for everyone to access. The platform tends to store the first and last name of the customer, their last transaction and their payment options.
Chatbots now have the responsibility to standardize their understanding of a customer and respond to them accordingly, whether in the manner of communicating or the speed with which they resolve their query. Chatbots need to converse with customers to extract this information and keep up to their pace.
Intelligent bots will have features like: Small talk, Bot user session, Enterprise context, User context and User session
3. Making the complex conversation sound simple
Chatbots are expected to break the complex structures of conversations into simpler tones and bring to a logical conclusion. Here’s where ‘Artificial Intelligence’ comes into play. Among the many types of chatbots, the most common ones are task specific that cater to a specific job, with pre-loaded answers and information. These type of chatbots have the ability to gather data from the internet, previous company database and other sources. Therefore, these bots are able to reply to diverse queries.
The intelligent bots, in addition, have the potential to mold the conversation the way the customer wants and guide him towards a specific solution. In an office setup, it’s common for a conversation like, “Hey Lisa, set up a meeting with Phani if he’s free”, to be handled between a Boss and Secretary. To enable that, the chatbot needs to first look up the calendar of ‘Phani’, find a suitable time for a meeting in sync with the Boss’s schedule and then reschedule the meeting. Chatbots thus need to break up complex sounding conversation into simpler nuances and then execute the task sequentially and logically.
Intelligent bots can also break down the conversation to its essence and action items. Let’s look at a very common scenario: ‘Customer tries to book tickets for 14th August, confirms on the choice of airlines, origin and destination and navigates to the next page, but feels that the pricing is very high. The customer then asks the bot to check for ‘15th August instead’. Here, based on the situation, the chatbot is acting and will be able to display the new prices by changing the date of journey.
Intelligent bots will have features like: Amend Entities, Planning.
4. Adapting to human utterances
In the context of human–computer communication, forming assumptions about what a system can do and understand is problematic for most people. In turn, forming assumptions about how users will “talk to” the system is also likely to be problematic for system developers. The potential for variability in how users will communicate with a system is enormous and has been dubbed “The Vocabulary Problem.”
An intelligent chatbot can not only handle queries smartly and remembers them through the session, but also learns new things with every conversation that happens, saves them and uses them appropriately for future instances.
In a human conversation and especially over voice, there are bound to be
  • expectation of elaboration or confirmation (“can you hear me?”, “I do not follow”)
  • request for repeat of sentences (“ I’m sorry I couldn’t hear that, can you please repeat it again?” “Sorry, can you repeat?”)
  • pauses (“can you please hold? [pause] thank you!”)
  • interruptions (“the number is 212-” “sorry can you start over?” )
The simplest thing to do when writing responses to command and inquiry utterances in a conversational UI is to get straight to the point: respond with facts. That’ll remove a lot of the ambiguity and simplify the dialogue.
It’s up to the intelligent chatbot to adapt to the way the human responds - with the referential context (or) pauses (or) specific context (or) synonyms (or) repetition (or) abbreviations (or) variations in dialect. The chatbot needs to map it pre-contextually. But like their human counterparts, chatbots’ conversational skills determine whether they earn you seamless, scalable transactions or just another horde of pissed-off customers. This needs a lot of training by the chatbot to help continue the conversations to the logical ending.
Intelligent bots will have features like: Sync, Repeat, Interruptions and Pauses.
📷
5. When bots are kept simple
Although AI chatbots’ task is complicated and they need to be built up that way, yet the effort should be made to keep it simple. They need to be comprehensive yet detailed. A customer initiating a conversation with a chatbot might already be troubled due to some poor service related issue, hence it’s better not to irk him further with complex interaction. The bot should be answering the already irked usecustomer in a most precise way possible without confusing the person further. It’s easy to figure out if you are talking to a bot or a human. Make sure the customer knows that they are talking to a bot by welcoming them with some sort of welcome message. Nobody likes being told the same thing over and over again, so why do chatbots keep doing it? Bots should detect when they’re about to repeat a previously given answer and switch strategies. If the answer didn’t resolve the user’s needs before, repeating it certainly won’t either. From the user interface, to the dialog flow the experience should be pleasant, and information given to the user needs to be valuable and crisp.
Twitter also provides the option to give your bot a custom name for different sections of the bot, which can be of use. It’s important to show what the chatbot is capable of doing with Quick Replies. The customer needs to be a guided stepwise within the conversation and with enough accessible options to choose from.
Lastly, there must always be a way to end the conversation with the bot and switch to a human agent. Many bots today include a Quick Reply to “Speak to an Agent”. Certain actions, such as open-ended visual search, are challenging to complete in a messaging environment. In those situations, bots can route to a website or app to help the user complete goals they couldn’t execute within the context of chat.
Intelligent bots will have features like: Simple UI, Simpler steps, Agent Handoff
In a nutshell, a chatbot must be programmed to not just provide optimum solutions to problems, but also converse with customers in an engaging manner. The interaction must be exciting and the bot must appear to be curious enough to answer all queries. People prefer lively interactions and a chatbot needs to meet that expectation.
https://preview.redd.it/ri36kv7aurd11.jpg?width=800&format=pjpg&auto=webp&s=b8d3f5a1bab5b31dc3617f4bb7645e88bf70f836
For example, there are bots aligned with online shopping portals that can actually sense your liking and disliking. They can cancel orders for you accordingly and order the stuff that you actually want. Businesses are now moving way ahead than what anyone had ever thought of earlier. If we have an amazing concept like messenger or Kore.aiBots Platform, then why not use them to the full extent. Their proficiency in collecting massive data in a short period of time can be used to forecast upcoming business. You know it better how to get edgy with this interesting concept. The more you experiment with chatbots, the more you would get to know the wonders you can create with these little machines.
Some of the Global 2,000 companies and large enterprises are using Kore.ai Bots Platform to build their chatbots. How about you?
To get everything you need to build and deploy intelligent, enterprise-grade chatbots — without unnecessary complexity, click on Build your first BOT.
To ask questions, get tips, learn and grow with Kore.AI developer community, click on Ask questions on Developer Community.
Also Read on : Chatbots (of) the Future
Thank You
Phani Marupaka
LinkedIn| Tweet at : @phani_teja
submitted by PhaniTeja4 to Chatbots [link] [comments]

The First Guide to Start with Binary Options Providers

Before choosing a broker to start binary options trading, the surfer which begins must learn some basics about binary options trading. To do this, here are some explanations and tips for successful future investments online. Trading binary options can be used to speculate on commodities like gold or oil, equities, equity indices or currencies. Unlike a direct investment in these assets, the binary option allows the novice trader to get a higher leverage and derive more gains if his position is winning.
Their success lies in their ease of use, and is therefore accessible even to the novice finance online. Indeed, they have several advantages which means that they are today the financial instrument most used by investors to the public, we will detail them later. They therefore attract more and more investors starting in binary option wishing grow their savings through their simplicity and the many privileges they offer.
Trader Online
Trading binary options and earn money not be invented overnight. However, be aware that the financial product is very simple to understand. This is to anticipate if the price of an asset will go up (or not) by a given date in the future. Behind this apparent simplicity, you still have to know that hides the hard law of the stock market, so you have to surround yourself well and form to generate significant revenue. How to profit? Several methods exist but to mention only the main ones, there are obviously technical analysis (analysis of the curves), and macro-economic analysis. These are the two most popular among traders binary option. Do not worry if you have never heard of, analysts a trading website will easily guide you and explain it to you with their simple words.
One aspect of the attractive trading digital options (another name for these financial products) essentially in accessibility to the majority of the financial markets that they allow to trade on a single trading platform. In this case, you must become if a stock, an index, a first or a material currency pair goes up or down. With all the global markets that are accessible, it is possible to place orders almost 24h / 24 and 7/7.
Why Start with Binary Options?
The main advantage of binary options is that they are transparent and anticipated. What does this suggest? This means that when opening a position, you know exactly how much you can earn and how much you can lose at maturity of the option. It is for example not the case when you invest in shares, or CFDs you can lose more than the capital you have invested. With binary trading, if you open a position of € 5, you can either win 85% (approximately) or lose that amount. But at least you are set, and there are no unknown on this point. This generally tends to reassure novice investors, who do not really know how to go about it. Again, a Customer of a platform regulated by the AMF (French regulator) will quickly explain how. This is the case of Trabic including which today shares the spotlight on training with Option Time. For only a deposit of € 100, you will have access to an analyst who will give you all his years of experience to earn quick money on the stock market.
The 10 basic commands to launch the options: • Read Trabic.com regularly... • Choose a regulated trust broker • Contact customer service for you to review • Get training (webinars, video tutorials, e-book, and counselors) • Follow the news of the stock market and financial in general • Make a minimum deposit to start • Beware of binary option bonus offered • Manage your trades carefully, for every 25 euros maximum • If you lose too much, stop and seek help from a counselor to reflect • If you win, reinvest prudently • The types of available stock market all
To recall a purse is defined as a place where exchange takes place securities of companies enjoying great popularity among investors, it is the place of listing of its large global firms. The Forex market is the most liquid currency with more than 4,000 billion dollars traded daily. The commodities market comprises products directly extracted from nature and unprocessed, such as gold or oil.
The binary options to speculate on all these different stock markets by giving access to their multiple underlying assets.
Anticipate Price Movements to Trade Binary Options
The battle between the sellers and buyers organize the valuation of assets (the sellers are offering buyers and demand). Technical analysis is the study graphic courses and allows a more or less fine representation of the psychology of the market using technical indicators to anticipate future movements of an asset. The financial and fundamental analysis is the study of macroeconomic data in place to assess the real value of an asset. If it sounds unachievable in terms of vocabulary, it's much simpler than you think. We can recommend that you open a demo account with Trabic.com to really see what it looks like.
Binary Options Providers, provide you information about binary options trading strategies, what are binary options, binary option signals, binary options review, binary options platform, binary options trading system, and how to trade binary options.
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Forex Fundamental Analysis - You Don't Need It - YouTube OANDA  Order Book - YouTube Simple Trick to Understanding Order Flow in the Forex ... Order Book Trading Level 1 - YouTube Order Book Indicator Secrets To Make Better Trades! - YouTube What is an order book? - YouTube How orders affect the order book - YouTube

Order book- Level II Order flow. Why does Depth of Book Matters? Why cant you have an access to it? Order flow is the only way to make money. Trying to see who place big orders what are their intentions Try to figure out how the hide their orders and why they do it. Very simple, if you think its more complex than that be my guest and think what you want. I wont stop you. The only hard part is ... Forex Chart Analysis; Forex Indicators; Forex Trading Tips; Trading For Beginners; Trading Strategies; Order Book. No Tags ; Trading Strategies. An order book is a real-time, continuously updated list of buy and sell orders on an exchange for a specific financial asset, such as a stock, bond, ETF or currency. Each order shows the number of shares or dollar amount of the asset being bid or ... Forex Trading Strategies Free PDF Trading Strategies. IFC Markets, 17 Pages. Let's Get to Know Forex Free PDF. Forex.com, 28 Pages. Make Forex Trading Simple Free PDF. Sona Matasyan, 12 Pages, 2013. MetaTrader4 (MT4) User Guide Free PDF. MetaQuotes, 65 Pages. The Little Book of Currency Trading: How to Make Big Profits in the World of Forex ... Forex Chart Analysis; Forex Indicators; Forex Trading Tips; Trading For Beginners; Trading Strategies; Order Book. No Tags ; Trading Strategies. An order book is a real-time, continuously updated list of buy and sell orders on an exchange for a specific financial asset, such as a stock, bond, ETF or currency. Each order shows the number of shares or dollar amount of the asset being bid or ... Forex traders watch the factor of the moment, whether it is recession-related unemployment, housing prices, financial institution stability and sustainability, sovereign debt capacity, and so on. This is why at the beginning of this lesson, we said Forex traders follow an ever-changing list of fundamental factors. Trade deficits and interest rates alone do not explain as much as we need to see. OANDA – Offene Order im Devisenhandel Eine 24-Stunden-Zusammenfassung aller offenen Order und offenen Positionen, die von den Kunden von OANDA gehalten werden. Vergleichen Sie OANDAs globale offene Orders und Positionen für jedes wichtige Währungspaar. Find out where you stand. We share information on the trading activity of our institutional and retail clients. Our Order Book graphs aggregate live market data from our entire client base to show real-time snapshots of pending orders and current positions for the major currency pairs.

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Forex Fundamental Analysis - You Don't Need It - YouTube

An order book is a collection of open buy side and open sell side orders for any given financial instrument. Understanding the order book is an important par... This video is part of the Udacity course "Machine Learning for Trading". Watch the full course at https://www.udacity.com/course/ud501 You were told from the start you needed Forex Fundamental Analysis to trade profitably. You were lied to. Here is why. Blog for this Video - http://nononsens... This is the first video in a series that tackles how to interpret order flow and use it to trade profitably. Trading Order Flow/Market Sentiment on the Bitco... Let me know what you thought about this training in the comments! 👇SUBSCRIBE TO JAMESON'S YOUTUBE CHANNEL NOW!👇 http://bit.ly/jamesonbrandon #1 Way to Grow Y... https://www.forexreviews.info - Video guide to understanding the basics of order flow in the Forex market and other popular traded markets. Works in nearly a... View a 24-hour summary of open orders and positions held by OANDA's clients: https://www.oanda.com/forex-trading/analysis/forex-order-book

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