Europe has been moving more and more towards public transportation and has been pushing it extensively in the last few years. With covid, people are now more incline to use personal transportation. With recent polls showing up to 25% of people in some regions intending to use more cars or motorcycles. And this will be a lasting effect. This means more cars and motorcycles versus trains or trams. So the play is: long car makers, short public transport makers. I like the spread rather than just shorting the public transport companies as you exclude the market risk. The results will show in a few months. I would stay away from the American brands as they have limited scope in Europe, where this effect will be felt the strongest. Of course, you’ll need a taste for forex risk if you decide to jump in. Long: Volkswagen (VOW3.DE), Toyota (TM), Fiat Chrysler (FCA.MI) Short: Bombardier (BBD-B.TO), Alstom (ALO.PA), Stadler Rail (SRAIL.SW)
Im trying to pull all the "c" values into another equation, but first im trying to figure out how to pull them out. Why wont this code work?
import json with open('Data.txt', 'r') as data_file: data = json.load(data_file) for item in data['response']: print(item['c'])
Bonus question: The data that comes out of the API is going from oldest to newest, I would want newest data first. So I would want to pull the lower "c" value first and move from the bottom going up. Thank you!!!
How common is it to have 'hidden' transaction fees and charges when buying online with credit cards? I recently got a Citibank Visa Signature card and was reviewing the first statement that came through. I then noticed a line with 'International Transaction Fee', with a charge of $10 from a $280 purchase. I called up Citibank and they said that the vendor's (TM Lewin) bank account was based in London, so Citibank was charging me for managing that transaction. I've purchased with TM Lewin before, both with debit cards and other credit cards, and never encountered this fee. While this time around the fee was reversed, the Citibank rep said that this was a normal fee, and that it wouldn't be reversed next time. She said that if I wanted to avoid the fee, I had to find out where the vendor's bank was based (ie overseas or in Australia). I said that this simply isn't feasible (how am I supposed to ask every vendor which bank they're with), and they're now looking into it as a complaint. However, I do want to ask Reddit, are international fees like this normal? What other similar hidden charges should I be looking out for? For further context:
I am based in Australia, and bought from TM Lewin' s Australian website
I paid in Australian dollars, and the invoice is in Australian dollars (ie It shouldn't be due to a forex issue imo)
Never mined a coin in my life. Own an ASUS desktop running Windows 10, with Intel Core (TM) i5-8400 CPU at 2.81 GHz. Should I buy a graphics card? If so, what is the best card? EVGA GeForce RTX 2080 Ti Black Edition Gaming, 11GB GDDR6, Dual HDB Fans & RGB LED Graphics Card 11G-P4-2281-KR Or should I just go ahead and buy an ASICS? What mining software do I download? Are most of you using BitForex? Recommended wallet? I have seen some information on YouTube, CoinGecko's guide, etc, but am concerned it's dated information. Thanks in advance :)
You can use TD Ameritrade's real-time equity data for free, for paper trading without the 20-minute delay.
In case people didn't know, if you use a platform which "contains" a paper trading acccount, rather than relying on the TOS platform entirely, you can take advantage of the free real-time US equity data for paper trading. So to keep this simple you can get NinjaTrader for free here, it's generally considered a free platform for those who didn't know. https://ninjatrader.com/FreeLiveData When you get NT through this method, you can pick Futures or Forex data. You can go back and fill out each one if you'd like say, do Futures first (that'll be through CQG and give you a lot of data for 7 days or 14, I can't recall) and the Forex through FXCM. Regardless, you don't have to use either one if you don't want. After that you'll be able to download NT installer, I always go with NinjaTrader 8, it works well. Rather than 7, that is. Simply click "connections" in the main panel once it's open, and add a TD Ameritrade connection with the same login/pass you'd use to login to TOS or your TD/AT online account. One important thing to note: If you want tick data, at the least NinjaTrader will say give you 10 tick, 2, 1 tick or even intervals like 1s (literally type 1s or 10s or 1t 3t 10t etc and hit enter when you have a chart open) but I believe it's derived from the bar data, if that makes sense. Also if you're viewing anything less than the 1 minute bar timeframe, itll just start off at the time you've opened the chart with such tick/second/range/interval data, and no historical on the chart. So if I'm doing that I like to open a second chart in another tab of the same instrument to show the historical data. So the paper trading account is within the NT platform, and so long as you make sure you have set up your default account to be say Sim101, the usual name of the default paper trading account, you won't be actually executing trades through the TD Ameritrade broker, but you get to trade on real-time data. Between this being free data, the possibility of using Rithmic, CQG and FXCM trials for futures and forex, you can get basically all free data. For a paper trader like me, that's nice because I have no skin the game... I think that's the saying. Keep in mind I'm not promoting NinjaTrader in any commercial capacity and have no affiliation with them whatsoever as a company or in any manner I can conceive. There's one other platform I use which isn't free that's compatible with TD Ameritrade's data and that's called MotiveWave. It also does support simulated trading very very well. I suggest checking it out and I'll just say Google MotiveWaveTM 4.2.8 Ultimate Edition ;) Hope this isn't just old news everyone here has known. If so, let me know. Happy trading and hope this coming trading week is a good one. Edit: Some other resources which at least have free trials available without necessarily needing any payment info I find useful are: 1) www.livesquawk.com (Especially Steve K's market signals... I've only heard of McAffe's signals but never tried them, however Steve K is a good guy and seems to really know what he's doing. Tl;dr, they work for me in paper trading). 2) https://www.tradethenews.com - you need a linkedin with 5 or more connections to get the free trial but they have a great squawk service with a guy from NYC who seems to be on literally almost 24 hours a day 5 days a week. 3) https://pro.benzinga.com - a Bloomberg Terminal alternative basically, but not as fancy... for more fancy see: 4) http://www.metastock.com/fundsoft4 This one isn't really explained the best on their own site, in my opinion but I've been using the free 30 day trial and what it is, is Metastock's own way of selling Reuters Eikon service. Eikon is about the best Bloomberg Terminal alternative I've found yet in many years of searching. I'm more into looking at data and figuring out how plats work than the actual trading in some ways. Important note on this one: Once you do have a trial, and they take a little while to rubber stamp it so be patient with the emails they send, you can login through the regular Reuters Eikon web login if you wish rather than using the Windows standalone program. They're the same one's just web-baed. 5) Lastly for now, https://www.money.net - definitely worth checking out. Has it's own live squawk for news during trading hours and definitely no payment info needed for a trial. You can login once trial acquired via login.money.net or the now 'legacy' installable platform. They're both good but I'm not crazy about the iOS/Android versions at all.
The app is still in Beta. IE there likely will be some bugs, but we are working on them.
The price for the full package is set cheap - $22 for this Financial Year and includes 10,000 trades IF you purchase before EOFY. Afterwards the price will be higher (TBA).
We have had a Chartered Accountant go through the platform to check for whether the output would work for them.
If you have trades that are from an exchange that is not supported send the exchange and your export file to us ([email protected] - include your username/account email so we know who we are talking to)! Worst case scenario we can manually import them for you, but best case we will add support for the exchange pretty quickly. We don't guarantee this service level will last forever, but in the early days we can be very hands on.
Please use the Feature Request page when signed in (free users too) - voting and requesting new features does impact where we put our development resources to.
Future developments (aside from more exchange integrations):
Trader vs CGT differentiation
Mining support (coming soontmbutseriously )
Fork Management (also coming soontm)
Multiple Forex Rate Providers (primarily for accountants)
Specific exchange rates (E.g. Binance) rather than averages - Pending ATO confirmation of what is defined as a reliable source of pricing.
Estimated current portfolio value (I think most people have their own apps for this though - not a high priority unless more people request it)
Accountant Portal (to share data with your accountant in a read-only simplified format)
Popular (think top 10) cryptocurrency address tracking (to automatically import and track expenses)
Coming Later: Integration with popular accounting platforms (Xero, Quickbooks, MYOB).
A final notice - our legal department has made sure I include this disclaimer: Sublime IP and our services do not provide tax, financial or legal advice. Seek a professional for that! We have an accountant already listed on the platform who is versed in cryptocurrency and more soon to come. Kind regards, Nathan P.S. Testers - your accounts have full access and are limited to 100,000 trades. Thank you to those who gave feedback and found bugs.
https://preview.redd.it/rmkk5akjj6221.png?width=600&format=png&auto=webp&s=2ada3a99b9bc81a7002ade61ba4a193b575c76b1 It is 04.00am and you are wide-awake — so don’t just lie under the blankets. Embrace your jet lag, spring out of bed and whip out your phone and view the latest derivatives deals matched to you on Level01. You find that there is a certain thrill in deciding on the movements of a market asset. So why not make the most of your irregular rhythms and make more money? For people who don’t know this robust Peer-to-Peer Derivatives Exchange platform, Level01 can feel overwhelmingly efficient when compared to traditional Derivatives Exchange. Contained in a global Blockchain infrastructure that spans from Seattle to Hong Kong, this brokerless platform hosts a vibrant digital eco-system flush with the movement of its native LVX token used to facilitate derivatives trade of trillions of investment assets across the globe. If you are a new user on Level01, you will be totally roused by the vast array of derivatives you can trade: Forex, Cryptocurrencies, Commodities, Stocks and Indices. A quick refresher in derivatives trading for those who are not familiar: A derivative price is intrinsically linked to the price of something else like cryptocurrencies, indexes or commodities. Derivatives enable traders to dabble in popular asset categories like currencies or stocks without having to go through markets clearing houses or other financial market infrastructure. It is a versatile financial instrument that can be used in every market condition to achieve every investment goal. How it works is simple: Derivatives trading involve studying market patterns and deciding on the direction of the price movement in a market asset and if it will be higher or lower than the ‘exercise price’ (also known as ‘strike price’) at the expiry time of a given derivative contract. For a contract to go into effect, it must be matched by a counterparty that will accept the opposing side of the trade. At the contract maturity/expiry time, the asset price is compared against strike price and one of the parties will profit on the contract’s predetermined investment amount. The allure of this financial instrument’s speed and convenience casts your qualms aside and draws you into this fascinating marketplace where you can make profits in a jiffy. https://preview.redd.it/dlkq3vrnj6221.png?width=640&format=png&auto=webp&s=57efa90afca0d7255d852b45e224fdb244a8c1ef You glance through Level01’s data feed that is streaming live from Thomson Reuters, and your mind wanders to a conversation you had with a retired investor on your plane ride with him earlier. He told you that during 1970s, the global investment market was thriving with activity from derivative trading. Back then, your aged companion added as he took a sip of his whisky, complex methodologies priced derivatives and people used computers 24/7 to crunch numbers. Computers were pivotal for the boom in trade. But things are so different now, he tells you. There is a wild quality to the traditional derivative marketplace and it is best to tread carefully: governing authorities warned of fraud cases by brokers and here there are no lifebuoys for drowning investors who venture too far without conducting thorough research. Apart from the high rate of losses and frauds, traders on the traditional market have to deal with hidden fees, slow processing through several middlemen and lack of accurate and credible information. It seems to you that there are more pitfalls to watch for on the traditional Derivatives Exchange. It is a massive contrast to the clean and efficient trading environment on the Level01 platform. A DIRECT WAY TO TRADE You decide to make a trade, so you open your Level01 app and set a Trading Allowance (A) with the platform’s LIST (Level01 Intent Sealed Transaction) smart contract. LIST is a smart contract protocol on Blockchain that works like a trusted god-father of all transactions. LIST can: securely store trade match parameters of all users initiate trade investment token transfers serve as the transparent trustee of fund tokens vested into a trade match perform automated trade settlement upon trade contract expiry determines of contract payoffs to the profiting party. Once you have set a token allowance amount, your transaction is cryptographically signed with your wallet’s private key. This functions as a pre-authorization for LIST to transfer out and temporarily hold tokens upon a trade matching until trade settlement and profit distribution occurs. You are now free to trade on the platform by creating derivative contracts in any asset class up to the value of A. Your derivative contract contains parameters that allow other users to decide if they want to be the counterparty to your offered contract. Level01’s dashboard empowers you to set your trade parameters such as: expiry time of the contract (E), strike price and position (>SP, The electric kettle in your room whistles, and you make your cup of morning coffee. You read Level01’s user guide and learn that all derivative contracts that are created and placed on the Level01 platform are known as trading intent (TI). When you create a derivative contract, it is sent to a pool of TIs on the off-chain servers’ trading engine, where it is curated, sorted, and displayed to other users based on their underlying asset interest and search criteria at that moment. (see Figure 01 below) https://preview.redd.it/ilr4txooj6221.png?width=600&format=png&auto=webp&s=0c534227750f4183b91e542dfa77ef5194453fac Halfway around the world, your trade match could be viewing her curated list of derivative contracts to match with, and she will consider the matching price (MP) amount for every derivative contract in the list, which can be dynamically adjusted to reflect changes in the current market price of the underlying asset. The MP is displayed based on Level01’s FairSenseTM algorithm, which is basically artificial intelligence that analyzes trade intent patterns of users on the platform and matchmakes or suggests them to counterparty users. MP is also partially calculated based on the notional value (NV, contract size) of the contract. If the contract is in an unfavourable position, it may require a bigger portion from NV to match with; and vice versa if the contract is in a favourable position, it will cost lesser portion of NV to be a counterparty matcher. If your trade match is keen to become counterparty to your derivative contract; she can accept the current MP, and the platform system will automatically seal and finalize all parameters into a trade match (TM). The TM will be delivered at lightning speed to the LIST smart contract. LIST then automatically processes the contract upon its expiry, and ensures immediate trade settlement. Either you were right about the market price, or she is. Time will reveal whether the profiting party’s analysis of the market data is correct. (see Figure 01 above) In a matter of hours, you would have lined up a few more derivative contracts that could result in profits that would make the down payment for your next sports car. Life is good with Level01, the World 1st Brokerless Derivatives Exchange in Partnership with Thomson Reuters. You make money legally, quickly and you do not have to worry about fraud, manipulated data or third party fees. All of your investments and profits are made and decided by you.
BlockChain Enable a Quadrillion-Dollar Derivatives Market?
https://preview.redd.it/iwewapkg8mz11.png?width=1024&format=png&auto=webp&s=9b52f51960172844af71917aec191dcfd6031bf9 CAN BLOCKCHAIN ENABLE A QUADRILLION-DOLLAR DERIVATIVES MARKET? IT’S A REAL POSSIBILITY. By 2028, the world economy has exploded with exponential economic growth. BlockChain is now the heart of commerce and trade. Investopedia’s valuation on the Derivatives Market now stands true at $1.2 quadrillion. And you are now very rich with your array of futures, derivatives and cryptocurrencies on hand. Isn’t this a nice possibility? Now, imagine travelling back to 2018. You are scrolling your news feed. The headlines show in 2017 alone, BlockChain startups have raised $1.2 billion worth initial coin offering (ICOs). ICOs enable startups, to raise money from the general public by allowing them to buy a stake in their business; which comes in a form of a token or digital currency. It looks like the public are beginning to understand the potential of cryptocurrencies and blockchain technology. A Facebook notification pops up on your mobile phone. Your friend has posted an article on your Facebook wall. The article is about Ethereum, the hot new BlockChain technology that is creating even bigger ripples in the finance world than its predecessor BitCoin. It seems that Ethereum is now the birthplace of many decentralized platforms, which raise funds via ICOs. As more funds are raised, these platforms get better and this drives up the value of Ethereum. The top platforms are Golem, Augur, Basic Attention Tokens and Gnosis, which collectively ring in $1.27 billion in market value. The amount of money that has been invested into Ethereum based BlockChain technology shows that people see Blockchain as the future of commerce and finance. This all sounds good and you’re ready to participate in a hot ICO. But as a possible new investor in an ICO based on the Ethereum blockchain, how do you get started? Which platform and ICO should you consider investing in?
YOU WILL NEED TO GET A WALLET. Wallets are like digital bank accounts, they hold your tokens and other cryptocurrencies you plan to buy and hold. Most ICOs are built on Ethereum smart contracts and your Wallet has to support receiving tokens. In an ICO, you send currency (typically ETH or BTC) to the company issuing a new token and receive the amount of tokens based on the given exchange rate by the company. MyEtherWallet is one of the most popular Ethereum Wallets because it is linked to the BlockChain, has excellent security features, and best of all it gives you full control of your Wallet (unlike other online wallets that are controlled by third party companies). You can get MyEtherWallet here.
RESEARCH EXTENSIVELY ON AVAILABLE ICOS As with any form of investment, you need to do your research and due diligence. Unlike the research on conventional investments that look at statistics, company performance, average daily volume and annual yield, ICOs require a different kind of analysis. Often times, millions of dollars are raised in ICOs with no product or company track record. Most traditional investors would not invest as the risk outweigh the gains from the investment. It feels like a gamble.
How then would you know if an ICO is worth investing into? First of all, you would need to study its platform concept, market potential and sustainability for long-term growth. Is it easy for users to adopt and understand? Do the Founders and Developers of the platform have sound knowledge of economics, inflation, block size, fees, administration, security and human behavior? Does the crypto-economic system have what it takes to be sustainable? Who is the team behind the platform? Are they knowledgeable and experienced? Is this a revolutionary or game-changing product that has massive market potential? Take Level01 as an example. It is the World’s First Brokerless Derivatives Exchange in Partnership with Thomson Reuters. The concept is innovative, more importantly; it has an enticing proposition because it addresses gaps, issues and problems faced by traditional trading markets. This facilitates a stable, robust and potentially profitable investment eco-system. How so? Remember Investopedia’s valuation of the derivatives market at a thrilling $1.2 quadrillion? This estimate is debatable because it needed to consider, “notional value”, versus actual market value. The lack of certainty on pricing and not having accurate market data can be frustrating. Brokers also charge a fee for both ends; buying and selling, which makes it expensive to participate in trade. In addition, not everyone relishes in the prospect of understanding financial data, terms and conditions. These factors are barriers to entry that reduces the pool of investors in the derivatives market. The Founders of Level01 saw all these and sought to develop solutions that can make investing easy, transparent, secure and fair, by using the Blockchain and partnership with financial market leader, Thomson Reuters. AN APP THAT MAKES ANYONE A BETTER INVESTOR Whether you are a first time investor or an experienced investor, the Level01 App will help you make better investment decisions, save time and get better at investing in the Derivatives Market. Its sleek interface, smart data feed and intuitive features are designed to fit all investor types to make the trading experience as easy as 1, 2, 3. CHANGING THE GAME WITH ARTIFICIAL INTELLIGENCE When you log on, the Level01 platform, you will have FairSenseTM Artificial Intelligence on hand to analyze trade intent patterns of all users on the platform to find the best matches for you. Once a match is found, it employs its proprietary dynamic fair price-balancing algorithm to show fair pricing for both sides of the trade contract. This saves investors time, speeds up trade, and keeps inflation in check with fair pricing. CREDIBLE AND RELIABLE DATA FEED FROM THOMSON REUTERS Level01 raised the bar further by collaborating with Thomson Reuters. They integrated and enabled live streaming real-time market prices for Forex, Index, Cryptocurrency, Commodities and Stocks directly from Thomson Reuters, a global leader for information and data sources for professional markets. Having a 150-year-old brand name like Thomson Reuters lends tremendous credibility to the data and keeps investors informed of actual value prior to the commencement of the trade. AUTOMATED SMART CONTRACTS As if that was not enough, the Level01 is designed as an exchange and trading platform with a system of smart contracts that resolves trust, emotion and irresponsibility in an efficient, transparent, automated manner. These automated digital contracts saves time and money for investors so that they can concentrate on analyzing data and deciding on investments. SUSTAINABLE GROWTH DRIVEN BY USERS You may be thinking by now, that is all well and good, but what are they doing to make this unique Derivatives Exchange sustainable and primed for growth? The designers of Level01 looked towards attracting quality investors by incorporating a fair rating system based on statistics and empowering them with the ability to add value to the network, and derive value for themselves. Level01 rewards users when they participate in the ecosystem. To make it even more enticing, the Level01 platform enables Trade Room Hosting, which allows users to earn commission. These lucrative set points are attractive to users who will jump on board and increase the liquidity base, which of course, benefits everyone. BETTER FINANCIAL LIQUIDITY Sometimes being able to sell is as important as being able to buy. This means your assets and investments can be easily converted to cash. Level01 gives you full control over your own funds by allowing your deposits and withdrawals to be done instantly. You can also change the native platform LVX tokens between BitCoin and Ethereum for better financial liquidity. WIDER FINANCIAL PORTFOLIO Level01 allows you to trade both traditional and cryptocurrency market assets to give you greater ease and freedom to plan a diverse portfolio to suit your needs whether you like to play it safe or take profitable risks. DIVERSE AND EXPERIENCED TEAM An international team with accolades, achievements and awards helms Level01 Derivatives Exchange. There is a mathematician and data analyst, a software engineer and system architect, a highly ranked digital marketing specialist, an expert in corporate operations, a consultant in banking and finance, a key quantitative analyst consultant who over saw $25B AUM, a corporate strategist and brand planning expert and an inventor-CEO with a string of successes under his belt, including founding a successful public listed company in Australia. GROWING INTEREST Level01 just begun but it is already making waves in the cryptocurrency and investment world. Forums and chat groups are buzzing with conversations as seasoned cryptocurrency investors hop on the bandwagon, eager to sweep up ICOs before the rest of the world notices. Coin Telegraph, which is the top news portal on cryptocurrency, described Level01 partnership with Thomson Reuters as a great game-changer that will allow general public to trade derivatives like a pro using big data previously only available to institutional traders. Could this be your ticket to making your 2028 the best year ever? As if you invested in Google back in 2004. You can check out more about this upcoming platform here.
Overview of Current Market Valuations and Toyota Motors (TM)
Hello All, Every now and then I do stock screens to see if there are any companies that would be a good value investment. Thanks to the bull market, the opportunities have been few and far between over the last year or two. However one company has consistently popped up in my screens. I initially ignored it as the company is in a sector I personally don't like to invest in due to the large capital requirements. The company is Toyota Motors (TM). Simply put, the valuation seems too good to be true. First off, let me show you what I am talking about. Here are the heat maps from FinViz:
Now as you can see, the general trend of the market is giving you discounts to Financials, Utilities, and Basic Materials, more specifically oil and gold. Of those sectors, I really only like Financials as big oil has been in a downward trend over the past three years. Both Exxon and Chevron have produced less oil than the previous years and are both spending at near record high CapEx levels with no turnaround yet. I have continuously looked at both of them as I don't have any oil in my current portfolio, but haven't got myself to buy either of them. Financials will continue to be attractive at these levels as investors still don't trust their book values since the financial crisis even though asset quality has continued to improve on a broad base. Over the next 5 years, interest rates will rise which will increase their spread which in turn increases their profitability. For the most part, it appears healthcare, consumer goods, and services are currently overvalued. Now, let's look at Toyota. Below is a quick multiples valuation against TM's peers. These are from Yahoo! Finance as GM isn't on FinViz for some reason. P/E
Toyota Motor Co. (TM): 7.81
Honda Motor Co. (HMC): 10.87
General Motors Co. (GM): 15.11
Ford Motor Co. (F): 8.65
Toyota Motor Co. (TM): 9.11
Honda Motor Co. (HMC): 9.30
General Motors Co. (GM): 7.35
Ford Motor Co. (F): 7.90
Toyota Motor Co. (TM): 0.29(!)
Honda Motor Co. (HMC): 0.37
General Motors Co. (GM): 0.52
Ford Motor Co. (F): 0.97
Toyota Motor Co. (TM): 1.02
Honda Motor Co. (HMC): 0.91
General Motors Co. (GM): 1.34
Ford Motor Co. (F): 2.91
As you can see, the whole sector looks cheap on a multiples basis, but of that bunch Toyota seems to win out on an overall valuation based on multiples. Per my own investing rules, as I am a long term shareholder, I won't touch a company that has recently been bankrupt, therefore I rule out GM for any potential investments. Now Toyota is too big of a company to do a full report on in a couple of days. However, of what little research I have done, this is what I have found. First of all, on a macro perspective, the yen has weakened against both the US Dollar and the Chinese Yuan. Over the past two years, the Dollar and Yuan have both gained over 30% to the yen and over 10% this past year. This is a great thing for a Japanese multinational as North America and Asia is TM's second and third largest markets which combined are 46% of 2013's sales.
Because of this, profitability should be higher within Toyota which is also a reason to buy them over GM or Ford as the american automakers will lose money with a strong dollar overseas. Over the past three years, TM has a Compound Annual Growth Rate (CAGR) of 5.12%. Last year, North America saw 32.8% sales growth and Asia saw 30.22% sales growth. This compounded with the yen weakening is a one-two punch. Due to the strong demand in both North America and Asia, Toyota has had a surge in Consolidated Net Income for Fiscal Year 2014 of 135% in which ForEx is responsible for 123% of that growth alone. In this latest quarter, Net Revenues are up 23.9% with Net Income up 118%. Toyota's Shareholder Presentation Margins have increased across the board with their Gross Profit increasing from last year: TM's Gross Profit Margin
As for a quick look at the balance sheet, Toyota has been de-leveraging over the past 5 years with Total Debt / Equity of 1.25 in 2009 to 1.16 in 2013. Book Value per Share has stayed relatively flat but grew 15.14% from 2012 to 2013. Compare that to a one year increase in share price of only 12.25% I believe we have a winner. This is only what I have found off of a couple hours looking at this tonight and have only scratched the surface as to the information on this company. However after just a small amount of research I firmly believe this is a truly undervalued company and should be bought right away. References: Quick Stats pulled from TM's Annual Report EDIT Thank you all for the replies. I should state that this is just beginning due diligence and there are several assumptions with this thesis, mainly that the Yen will stay depressed at least over the next year. This type of condition is a short term catalyst only and not a long term theme. As some have mentioned already, FX has been almost entirely behind TM's profit and there are real geopolitical risks between Japan and China. Next week I will put together another post looking more into the actual underlying company's long term performance and management's strategic plan going forward. That way we can get a glimpse of what the company might look like in the future. Again thank you all for the kind words and the intelligent discussion around this topic.
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I visited many parts of the country at the end of last year, when DeMo was biting hardest and was caught up in the madness. As a foreigner, I planned to rely on FOREX, and ATMs but this idea was obviously destroyed upon arrival, and had to play the same game as everyone else at that time - hours in ATM queues(if they even had cash), the hunt for 100Rs bills (try buying food with a 2000Rs note as a white guy!) setting up credit lines in shops to use big notes etc etc... Anyway, I'm just looking for an update as to the state of things on the street? Have things calmed down? Are there enough new (500Rs?) notes? Do all parts of the country have cash? I know companies and crooks always had ways around DeMo, so more about how small businesses, ordinary people and families are doing now? How many people ended up getting bank accounts as a result? And is payTM still growing as quickly? Sorry for all the questions, especially as it is a tough subject. I was helped out by so many people during my time there, I hope things became easier for you all.
I invested in Bitreserve's B-round because I bought their argument that bitcoin was never going to be adopted massively by consumers (too volatile, slow, complicated), BUT that the time had come for I.T. to disrupt finance the way it has every other industry. They were going to be iTunes to BTC's napster. So far, so good... But then I see this coinbase blog and volatility is falling fast (though still way too high for bitcoin to displace the more stable fiat). That's a bit worrisome for an ardent Bitreserve cheerleader such as myself. So then I go over to check how Bitreserve is doing on their changemoney site--I've been on vacation for a few weeks and haven't been following their progress--and something really weird is happening: they've done $70MM of transactions in the last month, huge growth since offering free forex for fiat pairs, but the value in their system is only up 75% over the same period. $70mm in transactions is tiny compared to most financial systems but it seems big when compared to BTC/USD trade volume on the big US BTC exchanges, at least if (this Blockchain.info data)[https://blockchain.info/charts/trade-volume?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=]. So what's going on at Bitreserve? Three possibile explanations occur:
There's a bunch of high frequency trading with BTC speculators taking advantage of zero-cost trades.
Their user base has exploded and lots of people are moving small amounts of value through Bitreserve (BTC<=>stable cloud money<=>BTC) and pulling it out almost immediately (remittance and other low-value cross-border payments).
Developers on the Bitreserve API are moving a lot of small amounts of BTC through Bitreserve, but pulling it out immediately on the other side as BTC. Bitreserve claims there are over 100 developers building stuff using their API (I know of approx ten personally so the claim doesn't seem outlandish).
1 doesn't seem very auspicious for Bitreserve since they aspire to be the hub of the new "Internet of Money", not some small fish day-trader tool.
2 or #3 would be very promising and would prove Bitreserve's thesis and value proposition (and bode well for my investment).
I contacted a Bitreserve exec I sometimes email and he responded (a bit coyly seemed to me) that all three of the above explanations were partially responsible for the explosive growth in transaction volume and the more modest growth in value in the system. He wouldn't go into details, said he'd get back to me... Any bitcoin geniuses out there who can crunch the blockchain and Bitreserve's reservechain and offer any insights into what's going on over at Bitreserve? I'm seriously thinking of dropping money into a cool app built on top of Bitreserve AirTM, but I don't want to throw good money after bad in the case that Bitreserve is just a BTC speculator's wet dream (free forex, real-time proof of solvency so you can't be Goxed) and isn't gearing up to put the banksters out of business the way iTunes did the record stores. 1 BTC tip to the most cogent analysis of WTF is going on over at Bitreserve. Danke!
Looking for Beta Users for Groundbreaking P2P Swap Trading System, Maximum Leverage, Minimum Risk, All Markets
I'm looking for traders to take positions (either in agreement with, or contrary to) my research/opinion or using your own trade setups and fundamental/macro outlook - via our P2P swap platform. You can use actual capital or I can give you test capital, basically, play money, to trade with me and my team and all I ask for is feedback on the system and the ability to quote you (which is not mandatory, but it would be nice). You can trade stocks, bonds, commodities, forex and forex pairs long or short, or swap the exposures directly for another asset, ex. S&P 500 for the LSE 100, Apple for Google, etc. Fees start at 5 bp, the best available from anywhere. Digital leverage is available, up to 10,000x worth (double digit profits/losses can be had from 11 basis points in movement, or less - so be careful), with no possibility of a Margin Call since the trades are pre-funded. If you think the opportunity is worthwhile, feel free to contact us or see info sheet below for more... Macro Trading Has a New Power Tool: Peer to Peer, Counterparty Risk-Free Swaps for Value Transfer & Trading Trade the value of over 45,000 tickers of instruments in every asset class from every major geography and exchange with up to 10,000x pricing leverage without concerns of counterparty/credit/default risk or margin calls. Very big claims… substantiated by a very big discovery in value transfer and security. Veritaseum is the worldwide leader in the financial implementation of “smart contracts” – unbreakable, self-executing bilateral agreements between two or more parties. We use these smart contracts to create peer to peer swaps for the transfer of value through the “blockchain,” a worldwide, open ledger of pseudonymous transactions that can be seen and audited by anyone, any time in the cloud. The blockchain is considered unhackable and one of the most secure implementations of cryptography to date. With the use of financial “wallets”, client side applications that use a simple interface to guide users in the quick (as in minutes – enter ticker(s), amount to risk, collateral, expiry and leverage required) creation of a smart contract (in this case a P2P swap), users trade OTC directly with other parties – totally bypassing and intermediating exchanges, with even less risk. Monetary value is committed up front, a leverage factor is digitally dialed in (anywhere from 2x to 10,000x) and the smart contract is created and sent to the blockchain to await a match. Once matched, the funds are locked into the transaction until expiry, at which point profits and losses are distributed along with principal and unused collateral (the capital chosen to be put at risk). A novel, risk averse, extremely powerful, and quite frankly - ingenious way to trade macro strategies. Not only can one go long or short any ticker in any asset class from any region for any currency, one can go long one ticker relative to another. For instance, those with a bearish outlook on the S&P 500 normally short it for USD. You can now short (pay) the S&P 500 index directly while going long (receiving) Eurozone equities (or 10 year treasury yields, or Swiss francs or the CNYJPY pair or bitocin), in a single transaction – with or out without leverage. Since the exchange is peer to peer, we never hold or control any of your assets, hence you are not exposed to our balance sheet, credit, default or counterparty risks (the blockchain is your effective counterparty). Veritaseum is a software concern, not a financial concern or intermediary! You can always track your assets and trade through the blockchain at any time. The capital is loaded in the wallet in the form of bitcoin, and for those who choose to minimize exposure to bitcoin market price volatility, leverage can be used to nearly eliminate the noise. You can also conduct trades using a demo mode and test coins, so as to use the system without risking actual capital.
Smart Contracts as Transaction Vehicles: The Safest Possible Way To Exchange Value
Veritaseum's UltraCoin smart contracts are: 1. highly flexible - you design your own derivatives yourself using your own parameters via our simple graphical user interface 2. self-executing 3. autonomous 4. unbreachable: we call them, the unbreakable promise! They are backed, fortified and stored by/on the blockchain itself 5. uber-transparent: simple click the "trace transaction" button to find the location and historical travel path of your assets anytime, from anywhere you have an internet connection
Trading Through a Balance Sheet-Based Financial Institution vs. Distributed, Decentralized, P2P Software Concern
What I do want to accomplish is the education through the fact that the Bitcoin protocol has given rise to the genesis of a new type of company, with a new business model that can offer a totally new type of product. As you were able to see from above, Veritaseum's UltraCoin offers a very uniquer product with many if not all of the attributes that potential competitors offer, with a slew of attributes that others can't touch. This is done at 1/5th of the price and at much less risk! When dealing with Veritaseum's UltraCoin, you can never get Gox'd because we never have (nor do we want) possession of your coins or fiat - every, at any time. Because we don't user our balance sheet (we are a software company, not a centralized exchange or brokedealer) you:
are never exposed to us as a counterparty, we make the blockchain your counterparty
never have to worry about our capital reserves or the capitalization/credit of your initial counterparty (all trades are fully funded at the outset, even a heavily levered trade at 10,000x),
You never have to worry about negative drawdowns, negative equity or margin calls
If a catastrophic event were to occur, say bi-coastal earthquake takes out our datacenters on the east and west coasts simultaneously while a meteor hits the backup center in the midwest, you will still be able to recover you funds - on your own. Since we do not have possession of your funds you don't have to worry about us absconding with them nor getting blown up with them. Each trade has a catastrophic rollback feature which will put you back into your original funding position n-time units after expiry. Unfortunately, you will not be able to complete your trade, but if two bi-coastal trades hit at the same time as meteor to the mid-west, you may not be studying that EUR short anyway :-)
This is just the beginning of what is capable with our Internet 2.0 business models. I implore you to download our:
and of course, the UltraCoin BTC wallet for Windows - or - Mac & Linux, which doubles as the trading client. The wallets have a "Demo Mode" which allows you to trade on testnet if, after using the spreadsheet modeler, you are still not comfortable committing live coins. You can get the demo (testnet) coins here.
TMS brings vast experience of over 19 years as an FX brand. We speak your language: English, Spanish, Russian, Polish, Lithuanian, Latvian. No.1 Forex Platform 2015, FX Week Short-Term Ranking 2015, Bloomberg FX Forecast Accuracy Ranking 2015, Best Central Europe FX Broker 2011 - World Finance. Feel free to reach us: TMS Brokers Europe Limited Submit your review. To submit your own Forex Broker review for TMS Brokers fill the form below. Your review will be checked by a moderator and published on this page. By submitting a Forex Broker review to EarnForex.com you confirm that you grant us rights to publish and change this review at no cost and without any warranties.Make sure that you are entering a valid email address. TMS Brokers to marka obecna na rynku od 1997 roku. Jest to pierwszy dom maklerski forex na polskim rynku. Platformy stworzone przez TMS Brokers zapewniają klientom dostęp do tysięcy produktów inwestycyjnych, w tym kontraktów na waluty, kryptowaluty, indeksy, surowce oraz akcje z najważniejszych giełd świata. Jako doświadczeni forex brokerzy stawiamy na inwestowanie na światowych ... TMS Brokers provides an opportunity to trade in Forex, Indices, Commodities, Cryptocurrencies, ETF Funds and a lot more. TMS Brokers has a registered office in Warsaw, Poland and TMS Brokers SA will be supervised by the Polish Financial Supervisory Authority (KNF) in accordance with the 26 April The 2004 Act. Dom Maklerski TMS Brokers SA with its registered office in Warsaw ul. Złota 59 Złota, registered by the District Court for the Capital City of Warsaw in Warsaw, 12th Commercial Division of the National Court Register under KRS number 0000204776, NIP 5126.96.36.199, Initial capital: PLN 3,537.560 paid in whole. Dom Maklerski TMS Brokers SA is subject to the supervision of the Polish Financial ... TMS forex system Short Set up: The Basic rule for short set up with TMS forex strategy is when TDI green line crossed the red line and these lines are under the yellow line, so this is a signal for short. You must watch for TDI signals and also confirmation from the other indicator – Stochastic, Awesome oscillator and others. Dom Maklerski TMS Brokers SA with its registered office in Warsaw ul. Złota 59 Złota, registered by the District Court for the Capital City of Warsaw in Warsaw, 12th Commercial Division of the National Court Register under KRS number 0000204776, NIP 5188.8.131.52, Initial capital: PLN 3,537.560 paid in whole. Dom Maklerski TMS Brokers SA is subject to the supervision of the Polish Financial ...
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