Navigating Risks: A Cautionary Tale and Guide to Recovery

Navigating Risks: A Cautionary Tale and Guide to Recovery

My neighbor's journey with Forex trading was a cautionary tale of the risks and pitfalls that come with venturing into the world of foreign currency exchange. He had been intrigued by the market for some time and decided to take the plunge, putting in a significant amount of money into a platform that promised high returns.

Navigating Risks: A Cautionary Tale and Guide to Recovery

At first, things seemed to be going well for my neighbor. He was making consistent profits and was excited about the potential of the market. However, as fate would have it, an emergency arose that required him to withdraw some of his funds. It was then that he was hit with a harsh reality of the Forex market. The customer service of the platform denied his request, citing that the platform was undergoing maintenance. My neighbor initially believed this explanation, but as time passed, he began to suspect that something was amiss.

His suspicions were confirmed when the broker suddenly cut off communication with him, rendering all efforts to withdraw his funds futile. He was left feeling helpless and frustrated, with no idea how to retrieve his hard-earned money. It was as if his money had vanished into thin air. He felt like he had been scammed and didn't know where to turn.

Feeling desperate, my neighbor reached out to WikiFX for assistance. He presented evidence of the platform's rejection of his withdrawal request to the customer service of WikiFX. To our amazement, WikiFX was able to recover his funds within a few days. This was a huge relief for my neighbor, who had been feeling like he had lost everything.

This experience was a stark reminder of the importance of conducting thorough research and ensuring the qualifications of the platform or broker before investing in the Forex market. Many platforms and brokers make grand promises of high returns and easy profits, but it's important to remember that the Forex market is highly volatile and risky. It's easy to get caught up in the excitement of the market, but it's essential to remember that your money is on the line.

It's also important to be vigilant and keep an eye out for red flags. In my neighbor's case, the customer service's sudden unavailability and the platform's maintenance excuse were clear indicators that something was amiss. Had he been more attentive, he may have been able to avoid this predicament.

In the end, my neighbor learned a valuable lesson and was grateful for the help of WikiFX. He realized that it's better to be safe than sorry, and with WikiFX on his side, he could rest easy knowing that his money was in good hands. Their expertise and knowledge of the Forex market helped him navigate the tricky waters of foreign currency exchange and recover his lost funds.

If you're considering investing in the Forex market, I would highly recommend seeking the help of WikiFX. They are a reliable and trustworthy organization that can help you make informed decisions and keep your money safe. Don't let yourself fall victim to fraudulent platforms and brokers, protect yourself and your investments with the help of WikiFX. Remember that knowledge is power, and in the world of Forex trading, it can mean the difference between success and failure.

Market Update January 17, 2023 By Daniel Ang

Market Update January 17, 2023 By Daniel Ang

On Tuesday, January 17th, 2023, stock markets around the world saw an extension of the new year rally, driven by optimism over the global economy, inflation coming under control, and China's reopening. However, there were concerns that the Bank of Japan (BoJ) might temper its super-sized stimulus policy at a pivotal meeting this week.

Market Update January 17, 2023 By Daniel Ang

As the two-day BoJ meeting came to a close, speculation was rampant that the bank would make changes to its yield curve control policy, as the market had pushed 10-year yields above its new ceiling of 0.5%. The BoJ had purchased nearly 5 trillion yen ($39.12 billion) of bonds last Friday in its largest daily operation on record, yet 10-year yields still ended the session at 0.51%.

The BoJ's ultra-easy policy has acted as a sort of anchor for yields globally, while also dragging down the Japanese Yen. If the BoJ were to abandon this policy, it would put upward pressure on yields across developed markets and most likely see the Yen surge further.

The U.S. Dollar was also impacted by the falling U.S. bond yields, as market participants bet that the Federal Reserve would be less aggressive in raising rates, given that inflation has clearly turned the corner. As a result, the USD/JPY fell to a more than seven-month low on Monday.

Commodities, which had rallied last week, dipped on Monday. The drop in yields and the Dollar benefited gold, which jumped 2.9% last week, but slipped 0.2% to $1,916/oz overnight. Crude oil prices also slid but held near the year's highs as a rise in Covid cases clouded the prospects for a surge in demand as China reopens its economy.

Cryptocurrencies have seen a strong rally since the start of 2023, as speculators increasingly anticipate that the Federal Reserve will ease up on its aggressive rate hikes to tame inflation. The higher rates are, the more attractive it is for investors to park their money in an interest-bearing savings account rather than putting it into risky assets. Bitcoin broke through the $21,000 mark early yesterday from a low of $16,000 at the start of the year. Ethereum also saw a 20% increase in a week to $1,564, hitting a two-month high over the weekend.

With over 35 years of experience in the commodity industry, Daniel is a seasoned professional in trading, entrepreneurship, business and finance. He launched his career in 1985 and has held prestigious roles such as gold dealer and futures trader at Standard Chartered Bank. He is also the founder of Traders Academy International. Follow his page for valuable insights, information, and to achieve success in your trading pursuits.


Market Update January 16, 2023 By Daniel Ang

Market Update January 16, 2023 By Daniel Ang

The financial markets experienced positive growth last Friday, with the S&P 500 and Nasdaq Composite reaching their highest levels in a month. The upward trend was largely attributed to strong quarterly results from US banks and an improvement in consumer sentiment as reported by the University of Michigan's survey.

Market Update January 16, 2023 By Daniel Ang

The Dow Jones Industrial Average closed at 34,302.61, an increase of 112.64 points or 0.33%. The S&P 500 gained 15.92 points, or 0.40%, closing at 3,999.09. The Nasdaq Composite closed at 11,079.16, an increase of 78.05 points or 0.71%. These figures signify the highest levels for these indices since December 13 and 14, respectively.

In the foreign exchange market, the Japanese Yen continued to strengthen on speculation that the Bank of Japan may revise its monetary policy. The USD, on the other hand, saw an uptick against other major currencies, rising off of a seven-month low. The USD/JPY exchange rate fell 1.06% to 127.92 yen, representing a 2.4% increase from the previous Thursday's close.

Commodity markets also saw positive growth, with the price of oil increasing on softening inflation in the US. WTI crude for February delivery closed at $80.07, an increase of 8.4% for the week. Brent crude for March delivery closed at $85.49, also experiencing an 8.5% increase for the week.

In the precious metals market, gold reached a nine-month high, approaching the key resistance level of $1,950 per ounce. Gold for February delivery on COMEX closed at $1,923.35 per ounce, an increase of $22.90 or 1.2%. The spot price of gold settled at $1,920.13, an increase of $23.22 or 1.2%.

The cryptocurrency market also saw significant growth, with Bitcoin crossing the $20,000 mark for the first time since November 8, 2022. Bitcoin rose 5.58% to $21,229, an increase of $1,286 from its Friday close. Similarly, Ether saw a 7% increase, closing at $1,598.45.

Overall, the market trend was largely positive, with various factors such as strong earnings reports and softening inflation contributing to the upward movement. It remains to be seen how these trends will continue to develop in the coming weeks.

Daniel has an extensive background in the commodity industry, boasting over 35 years of experience in trading, entrepreneurship, business and finance. He began his professional journey in 1985 and has held prominent positions such as a gold dealer and futures trader at Standard Chartered Bank. He is also the founder of Traders Academy International. Follow him for valuable insights, information and for success in your trading endeavors. 

Weekly Market Wrap With Daniel Ang | January 15, 2023

Weekly Market Wrap With Daniel Ang | January 15, 2023

The start of 2023 has been a positive one for stock markets, with the exception of Japan, as market participants believe that the Federal Reserve will not have to raise interest rates as much as previously anticipated, and that the United States economy may experience a "soft landing." The week began with a cautious attitude ahead of the Fed Chairman's speech on Tuesday, but his words did not discourage market activity. 

Weekly Market Wrap With Daniel Ang | January 15, 2023

On Tuesday, Fed Chairman Jerome Powell delivered a speech in which he acknowledged the challenges facing the economy, including rising inflation. He stated that "...restoring price stability when inflation is high can require measures that are not popular in the short term as we raise rates to slow the economy." However, Mr. Powell did not purposely kill the market's rebound activity in his speech, which may have emboldened market participants.

The focus then shifted to the much-anticipated December Consumer Price Index (CPI) report, which was released on Thursday. The report showed continued disinflation in total CPI (from 7.1% year-over-year to 6.5%) and core CPI (from 6.0% year-over-year to 5.7%). These were good headline numbers, but it is worth noting that services inflation, which the Fed closely monitors, did not improve and rose to 7.5% year-over-year from 7.2% in November. Despite this, the stock and bond markets supported the view that the Fed will pause its rate hikes sooner rather than later.

The positive price action in US equities was particularly notable, with the S&P 500 closing above its 50-day moving average and up 4.4% from its low of 3,802 on January 5. The Fed funds futures market prices now indicate a 67.0% probability of the target range for the fed funds rate peaking at 4.75-5.00% in May, according to the CME FedWatch Tool. This is an increase from 55.2% a week ago.

When markets opened on Friday, market participants apparently decided to take some profits following the big run. Ahead of the open, Bank of America, JPMorgan Chase, Wells Fargo, and Citigroup reported mixed quarterly results relative to expectations that featured increased provisions for credit losses. Those stocks languished as did the broader market, but true to form so far in 2023, buyers returned and bought the dips. Before long the bank stocks were back in positive territory and the broader market.

The S&P 500 moved above its 200-day moving average (3,981) on the rebound trade and closed the week a whisker shy of 4,000. The U.S. Dollar Index fell 1.6% this week to 102.18. WTI crude oil futures made strides to the upside this week rising 8.5% to $80.06/bbl. Natural gas futures fell 4.8% to $3.23/mmbtu.

The recent string of better-than-expected news does argue against the potential of a deep global recession that economists have warned about. Mild weather has helped avert the energy crisis in Europe this winter, resulting in softer inflation. In fact, European equities have gained about 6% halfway through January, the best start to a year on record for the region and outperforming the U.S. market since September. At the same time, prospects for China's economic growth have brightened, thanks to the reopening of borders as the country pivoted away from its zero-Covid-19 policy, together with measures to support the property market.

It is not yet clear if the bear market in equities is behind us, but the worst of inflation probably is. This means that central banks, especially the Fed, can afford to take their foot off the brakes soon, potentially relieving the upward pressure on bond yields and equity valuations. However, market participants should be aware of the potential danger of complacency as economic data improves. While the recent positive developments in the markets are encouraging, it is important to remember that the global economy is still recovering from the effects of the pandemic and there may be potential obstacles ahead.

Investors should also keep an eye on the ongoing stimulus talks in the United States, as any additional stimulus measures could have a significant impact on the markets. Additionally, the ongoing tensions between the United States and China, as well as the ongoing Brexit negotiations, also have the potential to cause volatility in the markets.

Market Update January 13, 2023 By Daniel Ang

Market Update January 13, 2023 By Daniel Ang

On Friday, January 13th, 2023, the equities market experienced volatility following the release of the Consumer Price Index (CPI) data. The S&P 500 initially dropped by 0.8%, but later rebounded. The data revealed that U.S consumer prices decreased in December for the first time in more than 2 and a half years, due to falling prices for gasoline and other goods, indicating a sustained downward trend in inflation. However, a separate report on the labor market showed that weekly initial jobless claims came in at 205,000, below expectations of 215,000. This has led many market participants to seek signs of weakness in the labor market as an indication of slowing inflation.

Market Update January 13, 2023 By Daniel Ang

The Dow Jones Industrial Average increased by 216.96 points (0.64%) to 34,189.97, the S&P 500 rose by 13.56 points (0.34%) to 3,983.17, and the Nasdaq Composite increased by 69.43 points (0.64%) to 11,001.11.

The Q4 earnings season for S&P 500 companies is set to begin tonight with the release of results from several major U.S. banks. Additionally, The Dollar Index hit its lowest level since early June at 102.07 before slightly recovering, and was last down 0.873%, with EUR/USD up 0.89% to 1.0851. USD/JPY fell 2.56% to 129.18, while GBP/USD was up 0.6% at 1.2215 on the day.

Crude oil prices also increased following the data release, with WTI crude settling at $$78.39 per barrel (1.27% increase) and Brent settling at $$84.03 (1.65% increase).

Gold prices also rose over 1%, hovering near the $1,900/oz after the US inflation data suggested a cooling off, leading to increased bets for slower rate hikes from the Federal Reserve. Spot gold jumped 1.1% to $1,896.30/oz, easing off from $1,901.40/oz - its highest since last May. COMEX gold futures settled up 1.1% at $1,898.80/oz. Spot silver jumped 1.8% to $23.85/oz.

In the cryptocurrency market, Bitcoin rose 6% to $19,005, adding $1,075 to its previous close, and is up 15.2% from the year's low of $16,496. Ethereum also rose 3.06% to $1,432.8 overnight, adding $42.6 to its previous close. Ethereum is increasingly challenging Bitcoin as the dominant cryptocurrency, with its market share increasing from 10% in January 2021 to 20.5% currently. The upcoming "Merge" software upgrade for Ethereum, which could significantly reduce the energy usage of its blockchain, could potentially boost the price of Ethereum and increase its usage, but the crypto market remains unpredictable.


Daniel has extensive experience in the commodity industry, with over 35 years of expertise to share with those in trading, entrepreneurship, business, and finance. He began his career in 1985 and has held positions such as a gold dealer and futures trader at Standard Chartered Bank. He is also the founder of Traders Academy International. Follow him for valuable insights and information, and for success in your trading endeavors.
Exploring the Potential of AI in Education: 10 Innovations

Exploring the Potential of AI in Education: 10 Innovations

In today's fast-paced world, the field of education is constantly evolving to meet the needs of students and teachers. One area that has seen significant growth in recent years is the use of artificial intelligence (AI) in education. From real-time support for struggling students to automated grading and interactive online courses, the potential uses of AI in education are vast and varied.

This article explores the topic of AI in education, specifically highlighting seven potential innovations that could be made using AI to enhance the education experience for students and universities. These innovations include real-time support for students, automated grading, summaries of academic documents, real-time online questions, translation of academic documents, research ideas and answering to students. These innovations are based on the current state of AI and the potential of it to support and augment the work of teachers and to make education more accessible to students.

However, it is important to note that while these innovations have the potential to greatly enhance the education experience, they are not a replacement for human teachers. AI can be used to support and augment the work of teachers, but it cannot replace the personal interactions, emotional support, and creativity that a human teacher can provide.

Exploring the Potential of AI in Education: 7 Innovations

Here are the 7 potential innovations that could be made using AI in the field of education. 

Real Time Support: This refers to the use of AI-powered tools, such as ChatGPT, to provide immediate assistance to students who are struggling to understand course materials. For example, a student could ask a question in a chat interface, and ChatGPT would provide an answer in real-time.

Automated Grading: AI could also be used to grade assignments and exams, reducing the workload for teachers. This could be done by training an AI model on a set of sample answers and then using it to automatically grade new answers based on their similarity to the training set.

Summaries of Academic Documents: AI could be used to create automatic summaries of academic documents, making it easier for students and researchers to quickly understand the main points of a document.

Real-time Online Questions: AI could be used to create interactive online courses, where students could ask questions in real-time and receive immediate answers.

Translation of Academic Documents: AI could also be used to automatically translate academic documents, making knowledge accessible for non-English speaking students.

Research Ideas: AI could be used to generate research ideas for students and teachers, by analyzing patterns and trends in existing research and suggesting new areas of investigation.

Answering to Students: Finally, AI could be used to create chatbots for students, helping them navigate the university system and answering their questions.

Personalized Learning: AI can be used to create personalized learning experiences for students, by analyzing their learning style and progress and adapting the content and pace of the instruction accordingly.

Intelligent Tutoring Systems: AI can be used to create interactive tutoring systems that can provide students with real-time feedback and guidance as they work through problems.

Adaptive Testing: AI can be used to create adaptive tests that adjust the difficulty level of the questions based on the student's performance, providing a more accurate assessment of the student's knowledge.

It is important to note that while these innovations have the potential to greatly enhance the education experience, they are not a replacement for human teachers. AI can be used to support and augment the work of teachers, but it cannot replace the personal interactions, emotional support, and creativity that a human teacher can provide.

Post US CPI Rises EUR/USD to 9-Month Peaks Above 1.0800

Post US CPI Rises EUR/USD to 9-Month Peaks Above 1.0800

The EUR/USD currency pair saw its upside accelerated to levels last seen in April 2022, north of 1.0800, on Thursday. This was a result of the increasing selling pressure on the dollar, particularly exacerbated following the release of US inflation figures during December. The headline Consumer Price Index (CPI) rose at an annualized 6.5% in December and 5.7% YoY when it comes to the Core CPI, which excludes food and energy costs. This retreat for the sixth consecutive month so far adds to the rising perception of the Federal Reserve's pivot in the not-so-distant future.

Post US CPI Rises EUR/USD to 9-Month Peaks Above 1.0800

In the wake of the publication of the US CPI, the probability of a 25 bps rate hike at the next Fed event climbed to 82% according to CME Group’s FedWatch Tool. Additionally, Initial Jobless Claims rose 205K in the week to January 7, surpassing consensus.

The price action around the European currency continues to closely follow dollar dynamics, as well as the impact of the energy crisis on the region and the Fed-ECB divergence. However, there are some important domestic headwinds facing the euro in the short-term horizon. The increasing speculation of a potential recession in the bloc emerges as an important domestic headwind facing the euro in the short-term horizon. Some key events in the euro area this week include France final Inflation Rate, Germany Full Year GDP Growth, and MEU Balance of Trade/Industrial Production (Friday).

Eminent issues on the back burner include the continuation of the European Central Bank's hiking cycle vs. increasing recession risks, the impact of the war in Ukraine, and the protracted energy crisis on the region’s growth prospects and inflation outlook, and the risks of inflation becoming entrenched.

Market Update January 12, 2023 By Daniel Ang

Market Update January 12, 2023 By Daniel Ang

Hello Traders, here is your latest market update. Today, we have some exciting news to share with you all, so sit tight and pay attention because we're about to dive into the numbers.

Market Update January 12, 2023 By Daniel Ang

The S&P 500 closed up more than 1% while the Dollar was little changed overnight as market participants bet that tonight’s U.S. inflation data would allow the Federal Reserve to slow the pace of interest rate hikes.

The market is on the rise and it's all because of the upcoming inflation data. Traders are betting that tonight's numbers will be good enough for the Federal Reserve to take it easy on interest rate hikes. It's like that feeling you get when the teacher says there's a pop quiz but you've already studied - you're in for a pleasant surprise.

The December's CPI is expected to show annual inflation at 6.5%, down from 7.1% in November, and current expectations are for a 25-basis points rate increase at the February meeting after a 50 basis point hike in December.

The Consumer Price Index, or CPI, is what measures the change in the price level of a market basket of consumer goods and services. In layman's terms, it's a fancy way of measuring how much things cost on a regular basis. And based on the numbers, it looks like prices are going down, not up. That's great news for all of us who like to save a little extra cash in our pockets.

The Dow Jones Industrial Average rose 268.91 points, or 0.8%, to 33,973.01, the S&P 500 gained 50.36 points, or 1.28%, to 3,969.61 and the Nasdaq Composite added 189.04 points, or 1.76%, to 10,931.67.

If you're a numbers person, you'll love these figures. The Dow Jones, S&P 500, and Nasdaq are all up, and they're up pretty significantly too. It's like the stock market version of a home run, and it's an exciting time to be an investor.

While the Dollar Index was virtually unchanged, EUR/USD briefly hit a seven-month high at 1.0754 but held within a narrow range as traders avoided big moves ahead of the inflation data. USD/JPY rose to 132.45, while GBP/USD was last trading at 1.2147, down 0.07% on the day.

As for the currencies, it's a mixed bag. The Dollar index is steady, but other major currencies like the Euro and the British Pound are fluctuating. The smart money is staying on the sidelines, waiting to see what the inflation data will bring.

In crude oil futures, WTI crude settled up 3.05% at $77.41 per barrel and Brent settled at $82.67, up 3.21% on the day.

And finally, the price of oil is also on the rise. Both WTI and Brent crude settled at their highest levels since December 30. It's a sign that the global economy is improving, and that's something to be excited about.

In precious metals, gold prices held steady after touching an eight- month peak last night as speculators positioned themselves ahead of U.S. inflation data that could influence the Federal Reserve's policy path.

Gold prices are also holding steady, with speculators positioning themselves ahead of the inflation data, just like the traders.

In cryptocurrencies, Bitcoin is currently trading at $17,962, up 2.31% from last night. Ether followed BTC’s direction, trading flat at around $1,391, up almost 3.6%.*

And lastly, let's talk about cryptocurrencies. It looks like Bitcoin is on the rise again, currently trading at $17,962, with a 2.31% increase from last night. And Ether is following Bitcoin's lead, trading flat at around $1,391, with a 3.6% increase. It's an exciting time for crypto enthusiasts and investors.

Overall, today's market update shows that traders are optimistic about the upcoming inflation data, with the stock market and the price of oil on the rise. The currencies are fluctuating, but the smart money is waiting to see how the numbers pan out. And the precious metals and cryptocurrencies are also holding steady or on the rise.

As always, it's important to remember that past performance is not an indicator of future results, and that you should always do your own research and consult a financial advisor before making any investment decisions. But for now, it looks like the market is on a positive trend.

Daniel is an experienced professional in the commodity industry, with over 35 years of knowledge to offer to individuals in the trading, entrepreneurship, business, and finance sectors. He started his career in 1985 and has held roles as a gold dealer and futures trader at Standard Chartered Bank. He is also the founder of Traders Academy International. Follow him for valuable insights and information, and success in your trading endeavors.