BTCUSD Short
As we can see Bitcoin has surpassed the $40,000 price mark for the first time since May 12th, Fear that the currency is overbought is alarming investors.
This analysis is based solely on technical and fundamental analysis .
The Central Bank of Ireland Governor ( Gabriel Makhlouf ) believes cryptocurrencies could negatively impact the European financial stability. He also stated that the Eurozone is very close to launching its own CBDC ( Central Bank Digital Currencies)
Makhlouf could not specify an exact timeline for the rollout, but he claimed it has all chances to appear soon. He assured that cash would not vanish but would work side-by-side with the e-euro.
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a break down of your pip value in ZAR and Dollars
0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 146,26
How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) / (1 Lot * 100 000) / 500 = $200 (R2 960)
So, each time I open (1 Lot size, am exposing R2960 (Down payment)
Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
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This analysis is based solely on technical and fundamental analysis .
The Central Bank of Ireland Governor ( Gabriel Makhlouf ) believes cryptocurrencies could negatively impact the European financial stability. He also stated that the Eurozone is very close to launching its own CBDC ( Central Bank Digital Currencies)
Makhlouf could not specify an exact timeline for the rollout, but he claimed it has all chances to appear soon. He assured that cash would not vanish but would work side-by-side with the e-euro.
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a break down of your pip value in ZAR and Dollars
0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 146,26
How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) / (1 Lot * 100 000) / 500 = $200 (R2 960)
So, each time I open (1 Lot size, am exposing R2960 (Down payment)
Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
Please like and share for more useful content:
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