Page 90 - January 2022 Issue 602 Part 1

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Danny Salman

(Senior Market Analyst – MultiBank Group)

We always try to stay one step ahead
of the crowd and we provide our

clients with the best possible service

Since working in the industry, Danny Salman, Senior Market Analyst at
MultiBank, has made continuous precipitation and breakthroughs in the fields
of business strategy and financial analysis, and has repeatedly achieved good
results. Over the years of working experience in global outstanding companies,
Salman has continuously deepened his understanding of the industry, and is able
to quickly grasp global trends and respond to them. According to him, MultiBank
Group is built on four strong pillars: transparency, flexibility, innovation, and
integrity. These four cornerstones have allowed the company to maintain its
position in the world of online trading. Al Bayan Magazine met Salman on the
sidelines of Forex Expo and following is the interview conducted.

* What differentiate MultiBank Group from other similar key to the growth in cryptocurrencies. We are starting to see a lot of
companies? tough regulations coming from China but that is not really helping the
- We always try to stay one step ahead of the crowd and we are actu- cryptocurrency market to break all-time highs; yet we still have a pos-
ally very proud today to be here, not too many brokers can say that itive view moving forward when looking at cryptocurrencies so it will
they work with over eleven financial regulators globally and for us be interesting how things play out and how we adapt to this new age
that’s very important and crucial because it gives us the security and of investing and trading.
safety and provides these features to the clients as well. Thus, it is
important to be working with several financial regulators and we are * In your opinion, what risks exist in the market and how to
proud to launch new set of financial products, we have over 20 thou- avoid them?
sand financial products for our clients to choose from so giving them - We have seen a pull back in the equity markets, some of the key
the opportunity to trade any type of asset class they can think of. We themes now are Fed tapering & interest rate hikes. Federal Reserve
always try to provide our clients with the best possible service. In this Chairman Jerome Powell mentioned that we might be experiencing
industry, there are a lot of Forex brokers around but we try to always some form of fed tapering so the markets reacted negatively to that
separate ourselves by putting our clients First and the service we pro- and potentially we will see an interest rate hike somewhere around
vide our clients is what really matters at the end of the day because mid to end of next year. That will have an impact on equity prices &
we believe that if the client is happy, then we are happy and that is our gold.
philosophy. We always try to stand by that and we also provide the
best market conditions for clients to trade from and our commission * What are the main points that you focused on during you
structure as well as our fees are probably the most if not the best in speech at Forex Expo?
the industry. - I talked about looking at unique characteristics of both bitcoin and
gold and looking at their drivers of return, what moves both markets
* What is your overview about the market these days? and also the correlation between the two. There has been a lot of
- There are a lot of different markets to invest in. If we take a look at debate whether or not bitcoin is the new digital gold so I looked clos-
crypto currencies lately, we’ve seen that bitcoin prices touched 65 er at what actually separates the two and what makes them alike. If
thousand US dollars but we’ve also seen sharp correction following we look at gold, we can see that it always serves safe investment dur-
that. For traders and investors it is important to keep in mind that the ing depressed markets and of course when looking at yields and com-
new law was always significantly higher than previous laws so kind of paring them to gold, we can see there is a strong negative relation-
showing investors and traders that the trend is still intact and we are ship and year yields take into account inflation. As for bitcoin, it is bet-
still in a bullish trend. Cryptocurrencies as a whole look promising for ter to think of today’s prices as reflecting a probability that we could
the future but we have to keep in mind that when looking at cryp- achieve greater future adoption, we see companies like PayPal,
tocurrencies, it is driven by speculation and the prices are very sensi- Square, Tesla, etc... owning bitcoins. They are important drivers for
tive to the market’s perception of future adoption. That is why we can the crypto bitcoin. I also shed lights on how bitcoin is correlated with
experience very high swings and high price volatility but overall the other markets for investors and traders who want to have or hold a
trend is still bullish. We could see bitcoin potentially touching all-time portfolio with bitcoin in it that is uncorrelated to other markets, we
highs in the years to come. There are many factors that have to sup- show how strong or weak the correlation is with bitcoin and gold to
port this claim and one of them is how fast are we going to adopt cryp- other markets.
tocurrencies so it is potential for widespread social adoption and it is
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