Category: Cryptocurrency news

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How can I start trading in Nasdaq?

Starting to trade on the Nasdaq involves several steps, from understanding the basics of stock trading to choosing the right brokerage account and executing trades. Here’s a step-by-step guide to help you get started:

1. Learn the Basics of Stock Trading

  • Understand Stock Markets: Learn about how stock markets work, including what Nasdaq is and how it operates.
  • Stock Market Terminology: Familiarize yourself with common terms like stocks, ETFs, dividends, market orders, limit orders, etc.
  • Types of Stocks: Understand the difference between common stocks, preferred stocks, and other investment instruments.

2. Set Your Financial Goals

  • Determine your investment goals, risk tolerance, and time horizon.
  • Decide how much money you can afford to invest.

3. Choose a Brokerage Account

  • Research Brokerages: Look for brokers that offer access to the Nasdaq and compare their fees, features, and user reviews. Some popular brokerages include:
    • TD Ameritrade
    • Charles Schwab
    • E*TRADE
    • Robinhood
    • Fidelity
  • Open an Account: Complete the application process, which typically involves providing personal information and verifying your identity.

4. Fund Your Account

  • Deposit Money: Transfer funds from your bank account to your brokerage account. Most brokers offer multiple funding options, including bank transfers, wire transfers, and checks.

5. Develop a Trading Strategy

  • Research and Analysis: Use fundamental analysis (evaluating a company’s financial health, performance, and market conditions) and technical analysis (using charts and indicators to predict stock movements) to make informed decisions.
  • Plan Your Trades: Determine entry and exit points, set stop-loss orders to limit potential losses, and decide on the size of your trades.

6. Start Trading

  • Place Your Orders: Use your brokerage platform to place buy or sell orders. Choose between different order types:
    • Market Order: Executes immediately at the current market price.
    • Limit Order: Executes only at a specified price or better.
    • Stop Order: Executes once the stock reaches a certain price.
  • Monitor Your Investments: Keep an eye on your portfolio and make adjustments as needed based on market conditions and your investment goals.

7. Stay Informed

  • Market News: Follow financial news and trends to stay updated on factors that may impact your investments.
  • Educational Resources: Utilize educational resources provided by your brokerage, such as webinars, articles, and tutorials.

8. Review and Adjust Your Portfolio

  • Regularly review your investment performance and adjust your strategy as needed to align with your goals and market conditions.

Additional Tips:

  • Start Small: If you’re new to trading, consider starting with a small amount of money to get comfortable with the process.
  • Diversify: Don’t put all your money into one stock. Diversifying your investments can help spread risk.
  • Stay Disciplined: Stick to your trading plan and avoid making impulsive decisions based on short-term market fluctuations.

By following these steps, you can begin trading on the Nasdaq and work towards achieving your investment goals.

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Bitcoin Bitcoin Investment Cryptocurrency news

Grayscale Increases Institutional Crypto Investment Options with NEAR and STX Trusts

Crypto asset manager and spot Bitcoin exchange-traded fund (ETF) issuer Grayscale has expanded its offering with the launch of two new investment funds.

These funds, called Grayscale Near (NEAR) Trust and Grayscale Stacks (STX) Trust, aim to provide institutional investors with diversified exposure to cryptocurrencies as the company continues to meet growing demand for crypto asset investment products.

Shades of gray point to blockchain scalability

Rayhaneh Sharif-Askary, Director of Product and Research at Grayscale, highlighted the company’s commitment to launching new products that allow investors to access “emerging segments” of the crypto ecosystem.

According to Thursday’s announcement, by addressing blockchain scalability challenges, Near Trust and Stacks Trust are expected to drive greater adoption of cryptocurrencies and contribute to the advancement of the entire crypto ecosystem.

Both trusts are now available for daily subscription to qualified individual and accredited institutional investors. Like existing Grayscale single-asset investment funds such as Grayscale Bitcoin Trust (GBTC), Near Trust and Stacks Trust are among the first investment products to focus exclusively on the underlying Near Protocol and Stacks Bitcoin Layer 2 tokens ( L2). .

Grayscale seeks to list shares of these new products on a secondary market, but the manager emphasizes that success is not guaranteed due to several factors, including regulatory considerations from organizations such as the United States Securities and Exchange Commission (SEC) and the Financial Authority Industry Regulator (FINRA).

Capital Outflows Amid Growing Demand for Bitcoin ETFs

In addition to launching the new investment funds, Grayscale recently announced the appointment of Peter Mintzberg as its new CEO, effective August 15, 2024, replacing Michael Sonnenshein.

Grayscale has played an important role in the US spot ETF landscape, witnessing continued capital outflows since trading began in January. However, US Bitcoin spot ETFs recorded a net inflow of $153.9 million on May 22, marking an eight-day growth streak.

In contrast, GBTC experienced capital outflows for the first time in over a week, losing $16.09 million and restarting its outflow streak.

As the asset manager introduces Near Trust and Stacks Trust, institutional investors now have additional options for diversified crypto exposure. However, investors should be aware of the risks associated with investing in such products, including regulatory uncertainties and possible deviations in share values.

At the time of writing, STX is trading at $1.99, indicating a drop in value of over 4% in the last 24 hours.

This price drop is in line with a broader correction seen in Bitcoin and other major cryptocurrencies following a significant increase in the first trading days of the week. Likewise, NEAR is currently trading at $7.56, reflecting a 3.4% drop compared to yesterday’s price.

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How to make money in retirement UK

Making money in retirement in the UK can be achieved through various strategies tailored to your skills, interests, and financial needs. Here are some practical and popular methods:

1. Part-Time Work

Engaging in part-time work can provide a steady income stream and keep you active.

  • Options: Retail, consultancy, tutoring, or seasonal work.
  • Pros: Regular income, social interaction.
  • Cons: Time commitment, physical demands depending on the job.

2. Freelancing and Consulting

Leverage your professional skills and experience to offer freelance or consulting services.

  • Platforms: Upwork, Freelancer, PeoplePerHour.
  • Pros: Flexibility, high earning potential.
  • Cons: Requires self-marketing, variable income.

3. Crypto Investing

Investing in stocks, bonds, or mutual funds can generate income through dividends and capital gains.

  • Pros: Potential for passive income.
  • Cons: Investment risk, requires financial knowledge or advice.

4. Rental Income

Renting out property or a room in your home can provide a consistent income stream.

  • Options: Buy-to-let properties, Airbnb.
  • Pros: Steady income, property value appreciation.
  • Cons: Requires capital investment, property management responsibilities.

5. Pensions and Annuities

Maximise your pension benefits and consider purchasing an annuity for guaranteed income.

  • Pros: Stable, predictable income.
  • Cons: Limited flexibility once annuity is purchased.

6. Dividend Stocks

Investing in dividend-paying stocks can provide a regular income stream.

  • Pros: Regular income, potential for stock value appreciation.
  • Cons: Market risk, requires investment knowledge.

7. Online Business

Starting an online business, such as an e-commerce store or a blog, can generate income.

  • Pros: Flexible, potential for high returns.
  • Cons: Requires initial effort and investment, competition.

8. Gig Economy

Participate in the gig economy by offering services such as driving, delivery, or odd jobs.

  • Platforms: Uber, Deliveroo, TaskRabbit.
  • Pros: Flexibility, variety of opportunities.
  • Cons: Variable income, physical demands.

9. Selling Crafts or Hobbies

Monetize your hobbies by selling handmade goods, artwork, or collectibles.

  • Platforms: Etsy, eBay.
  • Pros: Enjoyable, potential for profit.
  • Cons: Requires time and effort, uncertain sales volume.

10. Teaching and Tutoring

Offer tutoring or teaching services in subjects you are knowledgeable about.

  • Platforms: Tutorful, Superprof.
  • Pros: Flexible hours, fulfilling work.
  • Cons: Requires expertise, time commitment.

11. Writing and Publishing

Write books, articles, or blogs to earn money through sales or advertising.

  • Platforms: Kindle Direct Publishing, Medium.
  • Pros: Passive income potential, creative outlet.
  • Cons: Requires initial effort, uncertain income.

12. Volunteering and Stipends

Some volunteering opportunities offer stipends or small payments.

  • Pros: Fulfilling, social benefits.
  • Cons: Typically low pay, not a significant income source.

Important Considerations

  • Pension and Benefits: Ensure any additional income does not adversely affect your pension or benefits.
  • Tax Implications: Understand the tax implications of your additional income and seek advice if needed.
  • Health and Wellbeing: Choose activities that fit your physical capabilities and lifestyle.

By combining multiple income streams and leveraging your existing skills and resources, you can create a sustainable financial plan for your retirement years.

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Bitcoin Investment Cryptocurrency Investment Cryptocurrency news

Income passive investor vs passive income

“Passive income investor” and “passive income” refer to related but distinct concepts:

  1. Passive Income Investor: This term typically refers to someone who invests in assets or ventures with the goal of generating passive income. These investors may put money into dividend-paying stocks, rental properties, bonds, or other income-generating assets. The emphasis here is on the investment aspect—the investor is actively selecting and managing investments to generate passive income over time.
  2. Passive Income: Passive income, on the other hand, is any income received with little to no effort required to maintain it. This income can come from various sources, including investments, rental properties, royalties from intellectual property, affiliate marketing, or any business activities in which the individual is not materially involved on a day-to-day basis. Passive income allows individuals to earn money even when they’re not actively working, providing financial flexibility and potentially freeing up time for other pursuits.

In summary, a passive income investor is someone who actively invests in assets with the intention of generating passive income, while passive income refers to the income itself, regardless of how it’s earned.

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Bitcoin is good as long as it stays above $49,000: analyst

Despite Bitcoin’s 13% drop last week, which saw it break below the psychological $60,000 level and fall 20% from its all-time highs, one X analyst remains resolute.

According to the weekly chart, the trader maintains a bullish outlook and says that the coin will shake off weakness in the next session. This lines up with the bulls for most of Q4 2023 and Q1 2024.

Bitcoin falls and loses $60,000

Bitcoin is under intense sell-off pressure, fighting the onslaught of sellers. Earlier today, BTC broke below $60,000, melting below its April 2024 lows.

This dump confirmed the bears from April 13, indicating a possible start of a bearish formation that could see BTC lose ground, paring February and March 2024 gains.

However, the analyst claims that the bullish trend will continue as long as Bitcoin stays above the $49,000-$52,000 support zone, absorbing all the selling pressure. This evaluation, based on the candle arrangement, can serve as collateral for BTC holders. The trader claims that, despite the sell-off, panic at this time is not justified.

Referring to the Elliott Wave Principle, a technical analysis indicator, the analyst highlights that the currency is simply on pause. For those with a more aggressive trading strategy, the decline, ideally towards the upper support zone, could represent an opportunity to buy dips in anticipation of Wave 5.

Currently, the analyst notes that Bitcoin is in Wave 4, a stage that will take approximately the same time as Wave 2. Prices then fell after a brief rally, peaking in May 2023. However, the Prices rose in Wave 3, pushing prices below $30,000. . to new all-time highs, reaching $73,800.

The decline from all-time highs in spot rates, if the Elliot wave theory is analyzed, could indicate that prices are in the fourth wave before the eventual rise, which will end in the fifth wave.

What is next? Will BTC surpass $100,000 in the fifth wave?

Even so, it is still unknown when BTC will go from bottom to top. As things stand, the analyst said traders should watch two exponential moving averages (EMAs) of the 21 and 50 periods. A retest of these dynamic levels could offer support, preparing traders to buy dips in anticipation of the Wave 5 final.

However, the analyst did not define the next possible target even on the chart. Still, if Wave 3 is roughly the same duration as Wave 5, Bitcoin will have a strong chance of breaking above $100,000 after the current volatile price action ends.