News 

The world’s largest commodities trader is under investigation on bribery allegations

“The world’s largest commodities trader is the focus of a bribery investigation” writes Finanzen Net Gmbh for businessinsider.com. Glencore announced on Thursday that the UK’s Serious Fraud Office had opened the investigation.The UK’s fraud investigator also confirmed the investigation in a separate statement.”The Serious Fraud Office is investigating suspicions of bribery in the conduct of business by the Glencore group of companies, its officials, employees, agents and associated persons,” the department said.The company said in the statement that it intended to cooperate, but a representative declined to provide any additional…

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News Stocks 

A Reddit trader claims to have found a new ‘infinite money’ glitch on Robinhood — one that piggybacks on November’s exploits

“The strategy involves an iron condor options trade and a higher-than-usual limit price, according to Reddit user Aidangamer28’s Sunday post” writes Finanzen Net Gmbh for businessinsider.com. The latest exploit seems to use the same November glitch to allow for infinite repeatability, albeit through a different kind of options trade.While the initial limit price for the trade was $0.03, a screenshot showed Robinhood asking the trader to place their own limit price for the trade, with a maximum limit of $0.95.Less than one month after Robinhood closed one “infinite leverage” loophole,…

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Markets News 

Former JPMorgan Forex trader wants more time to apply for acquittal

“Akshay Aiyer was convicted on November 20, 2019, for his participation in an antitrust conspiracy to manipulate prices for emerging market currencies in the Forex market” reports financefeeds.com. By agreeing not to buy or sell at certain times, the conspiring traders protected each other’s trading positions by withholding supply of or demand for currency and suppressing competition in the FX spot market for emerging market currencies. Source: financefeeds.com

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Crypto News 

Ripple Ripe for 17% Dump After Key Supports Give Way

“The chart shows three key levels that led to the current ripple price plummet: $0.80, $0.50, and $0.30” writes Kiril Nikolaev for ccn.com. That’s a nosedive of over 17 percent from the current XRP price.Therefore, the best-case scenario for the ripple price is that it range trades between $0.19 and $0.30.The cryptocurrency has been giving up so many key support areas that a widely-followed trader sees a massive dump on the horizon. Source: ccn.com

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Markets News 

3 strategies for how to trade forex

“A successful Forex trader stands out from the crowd with the types of trading strategies they choose to deploy to and how to utilize different strategies in different circumstances” reports forexlive.com. In terms of forex trading, traders need to select two pairs which positively correspond with one another.There are many types of trading strategies with varying degrees of complexity.Some strategies are better suited to fundamental analysis as certain strategies may marry up better with technical analysis all underpinned by a general understanding of economics. Source: forexlive.com

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News 

Why managing stress is the secret to a successful trading career, according to an industry vet

“Over time, I noticed there was something different about the type of people who were floor traders” writes Created Cme Group for businessinsider.com. By Jim Iuorio for CME Group The first time I walked onto a trading floor in July 1987, I was a new employee of Goldman Sachs.In the past I could scream at someone or throw a tantrum on a trading floor as a means of blowing off steam.A good floor trader was someone who could operate under stress and filter out distraction.Floor traders were also intense and…

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Crypto Markets News 

Bitcoin Price in ‘Golden Pocket’ as Trader Warns of $7,400 Breakdown

“As Cointelegraph reported, RSI action suggests Bitcoin is now at the start of a new extended price cycle” writes William Suberg for cointelegraph.com. A measure of price change, RSI breaking resistance can spill over to impact on Bitcoin price. “RSI has broken through both major descending resistances.Other sources were also weary, with trader Scott Melker eyeing a breakdown in Bitcoin’s relative strength index (RSI).Bitcoin (BTC) failed to reclaim $8,500 on Nov. 18 as market sentiment continued trending downwards over the weekend. The overall cryptocurrency market cap stood at $234.3 billion,…

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Crypto Markets News 

Bitcoin Price ‘Ranging’ Continues as Trader Says $8,400 Could Be Next

“Data from Coin360 showed BTC/USD trading between $8,700 and $8,800 on Tuesday morning, having fallen to local lows of $8,630 in the past 24 hours” writes William Suberg for cointelegraph.com. Having exited its previous trading range, Bitcoin was now laying the foundations for further downside, analysts said. Source: cointelegraph.com

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