5 Forex Trading Tips You Must Know in 2019

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This article will give you some new tips for Forex trading. You will receive 5 tips that can help you succeed as a trader in 2019. If you are a new trader, this field can be a little striking for you. After all, not knowing the rules can’t help you succeed. The good news is that our tips are aimed at beginners. So, if you’re just getting started, check out the ones below.

1. Go with a wise broker

First, make sure you work with the right broker. An easy way is to read the reviews and look at the recommendations given by others. Also, be sure to go with a professional who fits your personality and is reliable. Keep in mind that there are many fake professionals. Ideally, you may want to choose a licensed broker.

2. Assemble your own strategy

No matter how many Forex trading tips you have, if you don’t have a solid strategy, you can’t get anywhere. In fact, not creating a strategy is one of the most common mistakes most beginners make.

What you need to do is decide your goals. Having a clear goal to achieve will help you throughout the journey.

3. Learn step by step

Like other areas, trading requires you to start step by step until you get the know-how for this business. What you need to do is put in small amounts and see how it goes. Investing a huge amount in the beginning is a bad idea.

4. Control your emotions

Make sure you don’t get carried away by your emotions. Sometimes it can be really difficult, especially after you have suffered a loss. However, if you keep your emotions under control, you can make the right choice.

Receiving emotions will increase the risk of making wrong decisions. That’s why we suggest you learn to manage your emotions.

5. Don’t let stress overwhelm you

Just like emotions, stress can make you difficult. In other words, if you are under a lot of stress, you may end up making irrational decisions, which can cost a lot of money. That’s why we suggest you determine what causes you stress. Once the sources are identified, be sure to try to remove them.

When you are under stress, take a deep breath and pay attention to something else. Over time, you will learn the art of controlling your stress. Listen to your mind and find out what can work best for you.

In short, you may not want to let this trade scare you. You don’t want to give up, no matter what. You can keep in mind that the success of Forex trading depends on how prepared and determined you are. So, you have to learn to be disciplined if you want to succeed. We hope that these tips will help you prepare and get the best results.

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Forex trading

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The foreign exchange market, or better known as FOREX, is the largest and most fertile market on the financial exchange, emerging in 1973. With the status of the largest and most fertile foreign exchange market, FOREX is the central stage on which the vast majority of forex trading Forex trading is carried out with a total daily turnover of more than 1.2 trillion dollars.

Because there is such a huge amount of total turnover every day, FOREX can be considered a liquid market, ideal for Forex trading. Unlike many other securities, FOREX does not trade at a fixed exchange rate, instead currencies are traded mainly between central banks, commercial banks, a non-bank international corporation, hedge funds, private investors and, not to mention, speculators. Previously, smaller investors were prevented from trading FOREX due to the large amount of the required deposit. Until recent years, however, with the constant growth of the Internet and increasing competition, smaller investors can now trade FOREX as the requirement to trade FOREX has changed.

Honestly, there are several factors that are why FOREX trading is starting to attract more and more medium and small investors. One of the main reasons is due to the fact that FOREX trading works 24 hours a day, 5 days a week. In addition to this, unlike the old days, when trading was done only by phone, now it can be done …

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Forex Trading Tips – Treat Currency Trading as a Business and Make Huge Profits

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In terms of Forex trading tips, I would give any new trader to treat Forex trading as a serious business and you can make a lot of money and in this article I will show you how, but if you do what most traders do and Treat like a hobby or just trading without a business plan will make you lose money. Let’s look at how to make a lot of money trading currencies.

When you start any business, you have a plan and Forex trading is no different and your plan includes:

– Research all the MAIN indicators related to the business in which you operate and develop a profit strategy.

– Overhead and income analysis to give you a REALISTIC profit goal.

How many traders start with a plan like the ones above before trading?

There aren’t many, so let’s look at what you need to do to make money and make a profit.

If you are a business owner, you know all the basics of your market and the same goes for Forex trading. You need to learn how to make money and create a system that works in your market and this involves developing a strategy that is easy to do because – good Forex trading systems are simple and therefore easy to learn.

The real problem for most traders is that they don’t know the basics and don’t develop a plan and end up losing. They try to trade news stories, follow gurus or use robots and think they can get a shortcut to success and lose. If you want to win, you have to do your own research, accept responsibility and carry out your plan in order to keep your business down and profits higher, which is the real key to success.

The key to business success

The key to Forex trading is to make sure that your income exceeds your overhead or converted into trading, which means reducing losses and making sure that your profits are bigger! Most traders fail to do this and the reason for doing so is – they want to make money from most of their trades, but that’s impossible, you have to have overhead to make money, so taking losses is part of your business – the key profit is to keep your overhead down.

You won’t win 90% of your trades, as many people tell you, you’ll probably win no more than 50%, but it doesn’t matter, as long as you keep your overheads (losses) small, your business can still make an overall profit if manage winning trades to cover losses and make a total profit.

All business owners will know that they will have numerous losses lighting, heating, salaries, taxes, rents, etc. deals can cover them and bring you a lot of money. To stay in business, you need to reduce overheads.

How Much Money Can You Make?

The realistic target growth per year is 50 – 100%, this is a basic figure, but the one that is good for the purpose and unlike many other businesses, Forex business requires far less effort to achieve big profits than other companies and I know many traders who make 100% annual profits in about an hour a day – what other business can bring you such big profits in such a short time?

I can’t think of any business with such big rewards for the effort you have to make. If you take your Forex business seriously, you can make a lot of money, but if you treat it as a hobby or gambling (as most traders do), you will join 95% of the losers – treat it as a serious business and you can bring it fantastic income.

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What is a blockchain?

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Blockchain is an indisputable inventive invention that practically led to a revolution in the global business market. Its development has brought with it better benefits, not only for the business but also for its beneficiaries. But as this is a revelation to the world, the vision for its operational activities is still unclear. The main question that stays in everyone’s mind is – What is Blockchain?

For starters, Blockchain technology serves as a platform that allows transit of digital information without the risk of copying. Somehow he laid the foundations of a strong backbone of a new kind of internet space. Originally designed to deal with bitcoin – trying to explain to the layman about the functions of its algorithms, hash functions and the property of the digital signature, today technology enthusiasts are finding other potential applications of this flawless invention that could pave the way for a completely new process of business transactions in the world.

Blockchain, to be defined in all respects, is a kind of algorithm and structure for data distribution for electronic money management without the intervention of a centralized administration, programmed to record all financial transactions, as well as everything that has value.

The work of a blockchain

Blockchain can be understood as Distributed Ledger technology, which was originally created to support the cryptocurrency Bitcoin. But after heavy criticism and rejection, the technology has been redesigned for use in things that are more productive.

To give a clear picture, imagine a spreadsheet that actually grows in tones on a variety of computer systems. And then imagine that these networks are designed to update this spreadsheet from time to time. This is exactly the blockchain.

The information stored in the blockchain is a shared sheet whose data is reconciled from time to time. This is a practical way that speaks to many obvious advantages. To be with, blockchain data does not exist in the same place. This means that everything stored there is open for public review and inspection. In addition, there is no centralized storage platform for hackers to corrupt. It is virtually accessible to over one million computing systems side by side and its data can be viewed by anyone with an internet connection.

Durability and authenticity of the blockchain

Blockchain technology is something that minimizes the internet space. He is chic and healthy by nature. Like offering data to the general public through the World Wide Web, blocks of authentic information are stored on a blockchain platform that is identically visible across all networks.

It is important to note that the blockchain cannot be controlled by a single person, object or identity and there is not a single point of failure. Just as the Internet has proven to be a lasting space over the past 30 years, the blockchain will also serve as an authentic, reliable global stage for business transactions as it continues to evolve.

Transparency and incorruptible nature

Industry veterans say the blockchain lives in a state of consciousness. It is practically checked from time to time. This is similar to self-test technology, where its network coordinates every transaction known as a block that occurs on board at regular intervals.

This gives rise to two main properties of the blockchain – it is highly transparent and at the same time can not be damaged. Every transaction that takes place on this server is embedded in the network, therefore, making the whole thing very visible all the time to the public. In addition, editing or omitting blockchain information requires a tremendous amount of effort and strong computing power. Against this background, fraud can be easily identified. Therefore, it is called imperishable.

Blockchain users

There is no set rule or provision for who will use or can use this flawless technology. Although currently its potential consumers are only banks, trade giants and global economies, the technology is also open to the day-to-day transactions of the general public. The only drawback of the blockchain is the global acceptance.

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What are all the things to keep in mind when trading bitcoins?

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Today, in the world of everything digital and made through the Internet, people also trade currencies online. As for the Internet, one of the most popular topics of this millennium under discussion is cryptocurrencies. With the help of a blockchain, these currencies are created and traded and the number of users simply grows. However, like any other trade, the bitcoin trade has its ups and downs and its own set of rules that must be followed. Trading always carries a lot of risk, but if a person is smart enough and knows how to manage risks properly, then he can easily be successful in doing so.

Some of the things to keep in mind when trading bitcoins are listed below:

I’m making a plan

There must be a clear plan for when to start and when to stop. Trading straight without a plan can be detrimental to profits and the balance of losses. It is inevitable to decide the target level, when profits should be collected and when to stop in order to minimize losses. People need to be informed about all the pros and cons and all the trade trends that are happening in the market. Daily trading is not recommended because some big traders are always there waiting to catch innocent traders making mistakes.

Risk Management

People need to use risk management tools and understand how to spread risk perfectly through a trading portfolio. This will allow gradual and significant profits to appear over a period of time. They should also keep in mind that trading in a high-risk market with an advantage can lead to higher losses. Instead, making smaller profits in a low- to moderate-risk market can make them good bitcoin traders.

Don’t buy all the commercial news

Many people before trading tend to read the news related to market trends and when and where to trade pieces. Most of the time, these pieces can be one-sided and have a biased opinion. This can lead to poor decisions and complex knowledge of the bitcoin trading scenario. Instead, people need to read about financial markets and how to minimize risky pieces that can help make trading smarter in the long run.

Identify frauds

Like any other financial industry, bitcoins and other cryptocurrency markets are also fraught with fraud, where many groups seek out bitcoin and naive traders. No one should jump in every situation, even if they are lured with a bigger profit scene. Think before you trade, because bitcoins are not insured and if they are lost by fraud, there is no way to correct the situation. Always watch for new investments or a large number of investments, which can be a signal of fraud.

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Mom, where do bitcoins come from? Explained bitcoin mining

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“Mom, where do bitcoins come from?” Well, do you see when a shiny young bitcoin attracts the eyes of an ambitious miner and because they love each other very much …

Wait, this is obviously too difficult to solve here. Besides, my whole goal is to make things easier. However, bitcoins are made by solving complex mathematical problems. This is done by a powerful machine that is designed to solve these mathematical problems. This process is called extraction. The people who own these machines to make money by mining bitcoins are called miners. When a batch of problems is solved, it becomes known as a block. Blocks are checked by other users and once checked, they are added to what is called a blockchain. This chain continues to grow, with a new block being added approximately every 10 minutes. This chain is truly a general ledger that will continue to grow and never end.

The very powerful machines that extract, power a lot of energy and increase the monthly utility bill for utilities. The reason it takes so much power is the genius of the math involved. It requires the digging machine to perform complex cryptographic algorithms. Once the math problem is solved by the machine, a block of coins is born. Each time 210,000 blocks are created, the miner’s reward is halved. It takes 4 years to achieve this. So it’s kind of like a bitcoin olympics. Currently, the prize for the block is 12 bitcoins (on June 23, 2020 the prize will be only 6 coins). These coins go to the miner, whose machine at that time was the lucky winner in the lottery. There is a winner every 10 minutes. There are also many miners who also compete. The said miner now has something valuable. My enough coins and you pay your electricity bill and then a little.

There is another way for mine. It’s called cloud yield. With this type of digging you pay to use someone else’s network and this significantly reduces your profits. The advantages of this method are that it does not require the use of electricity or even the purchase of a machine.

Sounds good to me. I want to start digging now. Is it a good idea and can I generate regular passive income? Probably. Hold on tight for now and you can call later.

Let’s try to break this.

Going back to the original way of machine digging, you will have to start with the purchase of a quality mining machine. That would cost you about $ 2,000. Here is a picture of a good machine (Antminer S9 from Bitmain), capable of creating a high hashing speed of 14 TH / s. 1 TH / s is 1,000,000,000,000 hashes per second. This machine does 14 times more than that. This is a very hashing force. The hash is just a really long number that the machine creates each time trying to solve the algorithm. Again, to use my lottery analogy, all of these machines are there, mingling with the hope of being the next winner.

Then your chances of winning become more difficult with more competition. A further complication of this question is that each time a mathematical problem is solved, the next problem gradually becomes more difficult to solve. The difficulty of the bitcoin network changes approximately every two weeks or 2016 blocks. The number of bitcoins that will ever be created is limited. That number is 21,000,000. Once we reach that number, we can never dig another bitcoin again. However, the blockchain itself will continue to expand because it is used to verify every transaction or purchase.

Remember that nickname Satoshi Nakamoto, about whom I also wrote? Did you know that today’s math problems are over 70,000 times more difficult to solve than machines than we were, he dug up the 1st bitcoin back in 2009 ?! The final coin is projected to be mined in 2140, as the system is halved every four years (210,000 blocks). 16,400,000 coins (78%) have already been mined and each coin will henceforth be mined at a much lower rate. Yes, you read that right. In principle, 80% is extracted in the first 8 years and it will take more than 100 years to extract the last 20%. If any of my great, great, great-grandchildren read this, I hope you are sitting beautifully with our family’s bitcoins, which are now valued at 220,000 for bitcoin. We can all dream right!

Buying a mining machine or buying a mining cloud contract is risky. While there are some great success stories, be sure to research them thoroughly before deciding if digging is right for you. For every person who makes money, there are many people who lose money.

By the way, a great place to see all the cryptocurrencies out there and their common coins and market capitalization, Coin Market Cap is a great resource. You can see all 700 plus flying night altcoins out there. Altcoin is just another way to call any cryptocurrency coin that is not bitcoin. You probably already know that Bitcoin is like the Rose Bowl, the grandfather of them all! I would really try to limit my focus and research to the top 10 for now. Not that now there will be no success stories from any of the almost useless. Just finding one is like choosing the right penny. Sticking to established companies that are recognized by key analysts is a much safer game. The same goes for the stock market you use to buy, sell and trade. That’s why I use Coinbase to make my trades, as they are the most reliable, secure and convenient exchange. They also have the most in-depth verification process when it comes to adding altcoins.

Here is a summary of the key points of this article:

-Bitcoins are created by extraction

-Selection is performed by powerful machines that solve complex mathematical problems. You can also buy contracts called cloud mining if you don’t want to buy a machine.

– The problems are becoming more difficult as coins are mined and the pace of production slows down

-As of May 2017, there are only 72 bitcoins mined per hour (12 every 10 minutes)

-On June 23, 2020, this will again be halved to only 6, created every 10 minutes

-Almost 80% of the final number of Bitcoin 21,000,000 coins have already been mined

-Competition among miners and increasingly complex mathematical problems make it difficult to make a profit

-The final coin is expected to be mined in 2140

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General personality traits of successful Forex traders

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Novice traders often wonder if there are any common personality traits that are essential to becoming rich and successful Forex traders. First of all, you have to learn that if you are here to get some shortcut and some magic formula to become a millionaire overnight, then my friend, you have to look for something else. You just have the wrong page. But if you really want to learn about some common personality traits of all successful Forex traders, here is some useful information. If you really have a long-term trading plan, then you should try to develop these traits in your personality. These common personality traits include:

1. Knowledge of the basics:

First of all, you need to have knowledge of the basics of Forex trading. You need to have complete information, ranging from opening an account, profit to understanding different trading strategies. Trading without understanding its basics is just like jumping from a plane without carrying a parachute. Yes, of course, this is a premeditated suicide. I’m sure you don’t want to lose your hard-earned money by jumping blindly into it.

2. Patience and perseverance:

Patience and perseverance is another must-have that helps you cope with the ever-changing trading scenario. You need to stick to your dream and not give up too easily. You need to have perseverance to create a reliable portfolio.

3. Risk management:

Be prudent while risking your money. You can’t just bet everything at once. Think patiently and follow the rules for effective risk management. Like all other professions, risk management is of great importance in Forex trading. It takes a lot of experience to be able to risk huge sums. So you should not be tempted by the market. Remember, it can swallow your money. You should not risk more than 2% in one trade.

4. Courage and control over emotions:

You need to know that you cannot shape the market to your liking. Rather, you need to adapt to the current situation in the Forex market. Forex trading is a game of the mind. You need to overcome your fear of loss, anxiety, worry, greed, excitement and depression to become a professional trader. That way, you need a lot of courage to make timely and profitable decisions. A little delay can often cost you a lot. So don’t be overwhelmed by your emotions. Controlling your emotions while trading Forex is definitely the key to success.

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Ethereum Decentralized Funding (DeFi): The Future of Finance?

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Decentralized finance, or DeFi for short, has taken over the crypto and blockchain world. However, its recent resurgence has its roots in the bubble era of 2017. While everyone and their dog were making an “Initial Coin Offer” or ICO, few companies saw the potential of the blockchain far beyond rapid price gains. These pioneers envisioned a world in which financial applications from trading to savings to banking to insurance would be possible simply on the blockchain, without intermediaries.

To understand the potential of this revolution, imagine if you had access to a savings account that gives 10% per year in US dollars, but without a bank and virtually no risk of funds. Imagine being able to trade crop insurance with a Ghanaian farmer sitting in your Tokyo office. Imagine being able to become a market maker and earn a fee as a percentage that any citadel would want. Sounds too good to be true? It’s not. This future is already here.

DeFi building blocks

There are some basic building blocks of DeFi that you need to know before moving on:

  • Automated market creation or exchange of one asset for another without trust without an intermediary or clearing house.

  • Over-indebted loans or the ability to “use your assets” for traders, speculators and long-term holders.

  • Stable coins or algorithmic assets that track the price of the underlying base without being centralized or backed by physical assets.

Understanding how to make DeFi

Stablecoins are often used in DeFi as they mimic traditional fiat currencies such as USD. This is an important development because the history of crypto shows how unstable things are. Stablecoins such as DAI are designed to track the value of US dollars with minor deviations even during strong bear markets, ie. even if the price of crypto collapses like the bear market of 2018-2020.

Lending protocols are an interesting development, usually built on stable coins. Imagine if you could lock up your million-dollar assets and then borrow against them in solid coins. The protocol will automatically sell your assets if you do not repay the loan when your collateral is no longer sufficient.

Automated market makers form the basis of the entire DeFi ecosystem. Without this, you are stuck in an inherited financial system, where you have to trust your broker, clearing house or stock exchange. Automated market makers, or AMM for short, allow you to trade one asset for another based on a reserve of the two assets in its pools. The opening of prices is done through external arbitrations. Liquidity is pooled based on other people’s assets and they gain access to trading fees.

You can now get exposure to a wide variety of assets in the Ethereum ecosystem without having to interact with the traditional financial world. You can make money by borrowing assets or as a market maker.

For developing countries, this is an incredible innovation, as they now have access to the full range of financial systems in the developed world without barriers to entry.

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5 ways in which the blockchain will transform the life of the average person

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After all the media is buzzing with news about the prices of cryptocurrencies, you may be wondering how this affects the average person. Blockchain technology is at the heart of cryptocurrency and other digital currencies.

There are various industrial and administrative problems that technology can solve for the average person. Do you own a small business, but often feel that there is a lack of transparency due to traditional methods of communication? Have you ever had higher than usual medical bills? As a business owner, is it trouble for you to find legitimate candidates? These issues affect entrepreneurs, start-ups, small businesses, individuals and technology. Blockchain seeks to provide solutions to make life easier for the average person through simple solutions.

Banking

Banking in almost all countries is still very focused on paper-intensive transactions for any money transfers, record keeping or other back-end functions. Blockchain technology can reproduce this in digital format and create a decentralized book that allows not only bankers but also customers to access a single source of information. This system allows banks to eliminate the chances of fraud, as documentation and proof of asset ownership can be checked digitally by bankers in the Blockchain book, which can be accessed at any time in an unchanged format.

Identity theft is also a major problem in the banking sector, with citizens’ information being stolen and used to open fraudulent accounts for illegal activities. According to the online database of complaints of the Federal Trade Commission, more than 13 million complaints have been filed for card fraud and identity theft, and in 2016 alone, 3 million of them were filed. Through a blockchain system, customers can directly view all accounts held under their name and immediately notify their respective banks in case they notice any suspicious activity in their bank details. Some well-known examples include the IBM-supported Hyperledger Fabric project and UBS’s Uint Settlement Coin.

Healthcare

Blockchain technology can simplify healthcare in amazing ways and make medical data management much simpler. Making patient records widely available can allow much more convenient drug development research and also reduce the effects of counterfeit drugs. Clinical trials and their results can be provided in a decentralized network, allowing health professionals and researchers to conduct research and find solutions for better healthcare. Accenture is one of the largest companies that has begun to offer innovative healthcare solutions for the medical sector for secure and fraud-free transactions.

Medicare fraud can also be reduced by blockchain billing management, as the billing system can be fully automated without the reach of fraudulent intermediaries. With more than 56 million people under Medicare by 2017, more than $ 1.3 billion has been snatched from the government through fraudulent activities from rehabilitation facilities and home health services. Blockchain systems can effectively protect citizens seeking medical help from healthcare providers who overestimate services offered through fraudulent billing practices. Centralized data not only helps healthcare professionals offer treatment based on the patient’s history and his / her family, but also eliminates the patient’s chances of remembering past symptoms or disorders incorrectly.

Public records

One of the most important functions of the government’s civilian government is to record all information about its citizens. This includes information about individuals and companies regarding their assets and activities. Most of the recorded information is stored in paper databases, which makes data management extremely difficult even in developed countries.

Blockchain-based systems such as Ubitiquity can encode all public records in a digital book to protect citizens’ data from fraud. Identity theft is a problem that the administration can find very difficult to deal with, and digitizing all public information to protect it from falsification can help prevent such cases of criminal activity.

Voting

One of the biggest limitations of the voting system in almost every country is that even today, voters must be physically present at polling stations to cast their ballots and make things difficult for people who have to travel on election day. More importantly, there are no means to verify the results of surveys for the average citizen.

Blockchain development companies like Followmyvote offer solutions that seek to make online voting a reality. This will allow citizens to see publicly accurate information about the ranking and results of surveys and various other statistics. This also leads to safer voting for citizens of countries in internal or external conflicts, and criminal activities to force citizens to vote for specific candidates can be completely avoided.

Hiring a business

Businesses of all sizes find it difficult to find the right staff. Using blockchain technology, it is possible for companies to verify the identification data of all applicants through a digital database. Blockchain technology can be applied to create a decentralized database of professionals with a proven qualification in a secure book that companies can turn to to hire candidates. Learning Machine is a New York-based company that seeks to address this problem, which focuses on recording verifiable information for workers.

Tax or employment fraud accounted for 34% of all identity thefts by 2016, and the blockchain system makes the hiring process for any business much more secure, as a company will only have access to valid applicants, reducing the risk from hiring fraudulent employees. It also helps applicants by speeding up the hiring process and helping them find a job for which they are eligible and have a smooth application process.

The use of blockchain technology helps both people and businesses, and also protects personal information while making important data publicly visible. While the blockchain has the best application in cryptocurrency, its use can be extended to other sectors to provide meaningful solutions to citizens around the world.

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Bitcoin and binary options trading

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Binary options have become increasingly popular in the last 2 years. This type of trading is desirable among new traders, as they do not need to actually buy anything, just predict whether the asset will move up or down over a period of time. These trades happen in a short time (30 sec, 1 min, 5 min), but can be months. If the trader has made a wrong prediction, they will obviously lose their money. If the trader was right in his forecast, he will receive 80-85% payout, depending on the broker.

Binary options are sometimes called “all-or-nothing”, “digital options” or “fixed return options” (FROs), which are traded on the US Stock Exchange.

Bitcoin (BTC) is a digital currency that is created and held electronically and is not controlled by anyone. “Bitcoin is an online payment system invented by Satoshi Nakamoto, who published his invention in 2008 and launched it as open source software in 2009. The system is peer-to-peer; users can make transactions directly without the need for an intermediary. Transactions are checked by network nodes and recorded in a public distributed book called a blockchain. The book uses its own unit of account, also called bitcoin. The system operates without a central repository or an administrator, which led the US Treasury Department to categorize it as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency … “

Bitcoin as a currency in binary options trading

Bitcoin is currently a widely used currency and many trading platforms accept it as a method of paying their customers’ trade deposits. There are many benefits to using bitcoin as a currency. The first advantage is “the fact that the transaction price is the lowest among all forms of online payment. This is the reason why Bitcoin was created in the first place to reduce the price of the online transaction. Because there is no central authority managing Bitcoin Another reason for traders to use bitcoin as a currency is that the bitcoin itself can be traded and they can earn extra bitcoins this way.

“Having all the trading transactions denoted in bitcoin, the trader can protect himself from the fluctuations of this cryptocurrency, while at the same time earning more from it through profits earned from trading.

Bitcoin as a commodity in binary options trading

With the recent popularity of Bitcoin and its adoption as a currency, many binary options platforms have begun to use Bitcoin as one of the trading currencies. so as an asset. Stockbrokers see value in trading BTC against flat currencies, mainly against the US dollar.

Today there are 2 main types of bitcoin platforms for binary options:

  • First generation brokers – binary options platforms that allow bitcoin trading

  • Second generation brokers – platforms that offer both bitcoin financing and bitcoin trading

First generation brokers – brokers offering bitcoin trading:

  • Coinut – only a platform for exchanging bitcoin options; programmed as reliable and distributed in the Linux operating system coinut.com

  • BTClevels – a platform for trading binary options for bitcoin; with or without registration, seamlessly btclevels.com

  • 24 Options – one of the first brokers to offer BTC as an asset to 24option.com

Second generation brokers – brokers offering bitcoin financing and trading:

  • Traderush Binary Platform – accepts BTC traderush.com deposits

  • The Nadex trading platform – accepts financing from BTC and allows trading with BTC; offers limited risk, short-term trading, transparency and a fully regulated market nadex.com

  • Satoshi Option trading platform – accepts financing from BTC and allows trading with BTC; does not require account registration or personal data. Payments are almost instantaneous and the service is available from anywhere in the world satoshioption.com

  • The BTCOracle platform – a bitcoin-only platform – allows BTC financing and trading, offering multiple portfolio options and full transparency

  • Bitstamp platform – As above, only BTC platform – allows BTC trading and financing, but requires bitstamp.net entry

  • Bitcoin Wisdom – allows trading in 3 digital currencies, Bitcoins, Litecoins, Altcoins against other flat currencies and requires login bitcoinwisdom.com

  • Beast Option – allows BTC financing and trading of bitcoins and lightcoins; guarantees fairness in pricing regardless of market fluctuations beastoptions.com

When choosing a bitcoin broker, it is important to check their terms, paying special attention to the information whether their bitcoin assets are stored in “Deep Cold Storage”. This means that bitcoins are insured and stored offline where they are not susceptible to hackers.

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