Joyce Steward


How to choose the right broker for forex trading

How to choose the right broker for forex trading

Online trading is becoming vogue as trading platforms are easily available and accessible to one and all. One interesting field of trade is cryptocurrencies and there are several automated trading robots like the Crypto Code which are designed to help the experienced and the newbies in the field of trading. With simple preprogrammed algorithms much of the complexity of regular trades is taken away from these programs providing a seamless experience to the user.

But in case you want to understand more about the trading world and are looking for a good broker for day trading especially in the forex market read on.

What makes forex trading so interesting and exciting is that it is the single largest financial market without a central marketplace. As a result, if you wish to trade in foreign exchange you must necessarily use the services of a broker who is reliable and genuine. Here are a few tips to guide you.

  1. Must have the right licenses: If you are looking for a broker in the US then ensure that the company is registered with the US Commodity Futures Trading Commission as a Forex dealer. The broker must be a member of the National Futures Association. The association has a set of rules and guidelines that have been designed to protect the interests of all involved which includes the investors and the traders. Whichever country you belong to ensure that the broker has the right credentials and is a registered entity to protect your deposits.
  2. Commission: Brokers make money from the commission they charge which is typically a percentage of the trade. Some of them calculate their charges based on the spread and claim to take zero commission. If the spread is too wide then your chances of profit diminish drastically. Hence, weigh the benefits and losses before finalizing anything.
  3. Initial deposit and withdrawal: You can open an account with as little as $50. Many brokerages offer mini, micro, and standard account. What makes forex so attractive is that the leverage is often large increasing your buying power even with micro accounts. The withdrawal and deposit policies may differ between brokers; consider one that offers more flexibility and greater options like wire transfer, credit card, ACH or even PayPal.
  4. Currency pairs: Look for currency pairs with the greatest liquidity. The major currency pairs are USD/JPY, EUR/USD, GBP/USD and USD/CHF. Most brokers offer several other pairs too, but you must select the currencies that you are interested in.

The right brokerage goes a long way in your success story so choose wisely.

Cryptocurrency wallets – Are they secure?

Cryptocurrency wallets – Are they secure?

Cryptocurrency wallets are of varying types and each one provides different methods to access and store your digital currency. Security options for wallets are of varying degrees. Based on the type of wallet one uses and the service provider, the level of security differs. Web servers are riskier environments to maintain your assets compared to offline wallets.

Online wallets may pose digital investors with various potential vulnerabilities which may be exploited by cyber attackers to rob your digital funds. Whereas the Offline wallets are not easily hackable because they are connected to an offline network and do not depend on any third party for their security.

Even though online wallets prove to be more vulnerable and prone to attack by hackers, diligent security measures have to be implemented and practiced while using any cryptocurrency wallet. A point to remember is that no matter whichever wallet you choose, losing your private keys will eventually result in the loose of your digital money.  You have to take necessary precautions and continue reading further on how to be careful.

Backing up your wallet

Similar to your everyday pocket wallet, storing a small quantity of cryptocurrency for daily use online in your mobile or system and safekeeping the majority of your funds in a safe and secure environment will be advisable. Backing up on offline storage options like USB or Ledger Nano or paper will help protect against any computer system failures and allows you to retrieve your wallet in case it gets stolen or lost by any chance.

Software updates

Always keeping your software up to date and installing system updates provides you with the latest security options that are available in the digital market. Regular update is necessary not only for your wallet software but also for the software installed on your mobile or computer system.

Providing extra security layers

Multiple layers of security protection are an added benefit. Setting up complex and long password protections and securing any withdrawal of funds with a password is a must right at the start itself. It’s best to use wallets that hold a good reputation, provide additional security layers such as two-factor authentication and request pin code details each time the wallet software is operated.

One might also consider using cryptocurrency wallets that require multi-signature transactions such as CoPay or Armory. Multi-signature or multi-sig wallets are digital wallets that require the approval of multiple users or another user before any transaction can be successful, thus ensuring the authenticity of the digital transaction made.

 

 

Broad understanding of the financial market

There are few concepts which you need to learn about before you venture into trading in the financial market. These concepts are understanding about probability and the relation between demand and supply. It is very much important for you to understand the workings of the market in order to devise the trading strategy. However, if you are using the help of software like bitcoin loophole to trade in cryptocurrencies online, then you don’t have to get the in-depth knowledge of the market unless you wish to. All the market study and the decision to trade are taken by the software itself on auto-pilot mode. A full report about the software can be learned here.

Understanding the market forces

Forces of demand and supply are simple economics.  It is quite easy to understand. Whenever the sellers are more than the buyers, the process of the goods and services will go down as there are more products or asset in the market and there are no takers.  Whereas, when the buyers are more than the sellers then the price will definitely go up as there will less product to satisfy the demand of everyone.

Price in the market will go up, stay same or go down. Hence, the number of people buying and selling definitely affects the prices.   As long as the buyer and seller exist, there will be a market. At one point in time either the seller or buyer is making a profit as long as there is a change in pricing. This is the concept of demand and supply.

When the market s fall

There is no guarantee on the international and economic growth. Sometimes it would be growing at a good pace while sometimes it would be contracting.  In the history of the market, the economies have grown more compared to the times they have been contracted.  In the period of market contraction, the demand will fall and there would be over-supply. Hence these periods’ prices will fall.

As an investor or trader, you should be able to foresee the future market conditions. You need to be aware of all the political and economic conditions existing in the country and in the world and their impact on the market.  The ongoing process of studying and research is required to face such situations. You will also have to be prepared with a trading plan on how to manage these situations or else you will be losing all your money.

Is a Decentralized exchange the future of Crypto currency trading?

Most of the investors who have not jumped into the Crypto currency trading bandwagon are feeling the pinch of it today, the growth of the digital currency is phenomenal which has fluttered the feather of many exchanges who are still grappling to find a hold on the ever-increasing price of a famous crypto currency which has crossed over a million in terms of pricing. Centralization of digital currency like crypto brings in the similarity of exchanges holding the money, which can be of no use unless one can withdraw it with ease.

The early purpose to which lead to the birth of crypto currency was to break away from the traditional banking, policies, regulations leading to the growth of a parallel economy in tune with the traditional trading methods, except that the mode of exchange was digitally coded complex numbers in form of an exchange medium for services, trading across any part of the world. The challenges faced by Crypto currency exchanges are similar to the traditional banks, however, the amount of speculation is still high, but with more acceptances across many countries, they found a firm ground to hold on and be traded along with the other physical currencies.

Is Decentralized Crypto currency the future exchange medium?

  • tracking of transactions are faster and done smartly by weeding out the third party element, making it faster to verify the transactions which otherwise would take weeks together,
  • controlling finances of individuals will be in their own control rather than relying on fund managers, agents, as there is not controlling authority, no exchanges or servers to regulate the trades
  • with a wide set of offerings from different organizations, there is no set of rules to be bound with, spotting the bad egg from the basket of eggs wholly relies on the investors who can choose their customized trades from the software platforms which are heavily trading on forex crypto currencies ,Bitcoin Loophole is a new platform to trade form the crypto currency trading investment tool which has a good winning ratio and has a simple registration process, enabling all users to trade efficiently

Since there is no underlying asset holding in crypto form of trading, investors are still in the exchange medium of trading where they have a share in the stocks of the company, which makes the future of decentralized crypto markets to be falling into the mainstream of centralized economy parallel to the mainstream trading economy.

The Digital World today

The new trend

The digital currency also is known as cryptocurrency rules the business world today. It is nothing related to the stock market trading or its ways, likewise, it is trading with coins which take the value of the stock. Because of its uniqueness and simplicity of operation people are much interested to invest in this and make huge profits. Also, they are becoming a part of the digital world which is not a fantasy anymore.

Taking this opportunity of online trading, programs or applications like the Ethereum code have taken the advantage to curb their market into this fast-paced world of technology.and it needs to be seen as the way to reach to invest in the stocks and make profits the easy way. You need to understand the entire process and working on this system before you can decide on-“ is it a scam or legit one?”

How can you decide if crypto trading is really fruitful?

Hence before you could decide to choose such systems to invest and see the real profits, it is much needed to understand certain facts about the underlying cryptocurrency. let us take a quick look at the few of those interesting conceptual facts:

  1. The founder of the cryptocurrency is unknown. Though there are many new systems with a founder to its name, the real founder is unknown. An interesting truth indeed!
  2. The currency in this market is This tends some of the valued investors to keep away from these coins.it can either make huge profits or heavy losses. Thus it is a risky sector.
  3. The wallet is very important, where you can store your coins. Therefore if you lose this wallet, then you will lose your currency entirely.
  4. The number of cryptocurrencies are around 1500 and still counting. There is a vast future for this currency market.
  5. There is no central agency which supports this currency. There is no data storage possible. This decentralization is the main element here. Therefore there is assurance that there is cyber fraud prevention to the maximum extent.
  6. These cryptocurrencies operate 24/7 and they are not hindered by any time constraints at all.
  7. There are more than 6 million wallets with cryptocurrencies. Each of them is unique and attractive in their own ways. These are increasing with more and more investors who show interest in these.

These facts show how the crypto world is evolving day by day and aiming at a bright future ahead.

 

 

Ethereum code-blockchain technology

Ethereum code is an open software platform used for enabling developers to build and deploy decentralized applications. It is based on blockchain technology. Ethereum was developed by a cryptocurrency researcher and programmer. It can be transferred between two accounts and also it is used to compensate mining nodes for the computations performed. There is a machine called Ethereum Virtual Machine, which can execute an international network of public nodes.

Ethereum was divided into two separate blockchains.

  1. A new version called Ethereum(ETH)
  2. The original version called Ethereum Classic(ETC)

Ether:

Ether is basic cryptocurrency which provides a distributed ledger for the transactions in the operation of Ethereum. It is also used for paying the transaction fees and the computational services on the ethereum network.

Characteristics of ethereum code:

The validity of each ether is provided by a blockchain. The blockchain is nothing but the continuously growing list of records. Here, the records are called Blocks, which are linked and protected using cryptography. Ethereum usually operates the accounts and balances in a way called state transitions. State indicates the present balances of all accounts and extra data. There is a wallet named “Cryptocurrency wallet” that stores the private and public keys or addresses which are used to send or receive ether. Ethereum addresses are denoted with the prefix “0x” which is commonly used to identify a hexadecimal digit.

Difference between Ethereum code and bitcoin:

Ethereum code and bitcoins are not similar. It has some differences between them. Let us take a close look at those difference.

  1. Currency issuance:

Ethereum will create three new ether every 15 seconds, whereas, bitcoin creates 112.5 new bitcoins every 10 minutes.

  1. Currency cap:

Ethereum has no cap for currency production, but bitcoins can produce only 21 million bitcoins.

  1. Creation of block:

Ethereum creates new block every fifteen seconds whereas bitcoins can create new block every ten minutes only.

  1. Scripting language:

Ethereum has a scripting language known as Turing-complete and the programs are written in this language are called “Small contracts. While bitcoin has a scripting language that is very limited in the functionality with only some operations in it.

  1. Cost of transaction:

Ethereum cost is generally called “gas” for the use of storage on the blockchain and a bitcoin cost is based upon the size of the transaction.

  1. Size of the block:

Ethereum blocks are capped by the size of the gas whereas blocks of bitcoins are limited to 1MB in their size.

  1. Account types:

Ethereum code has two types of account, one for fund of users and the other for holding the code of the computer. Bitcoin has only one address code of its own.

 

 

Why don’t women invest in stocks?

The millennial women are so full of promise and ambition to live life on her own terms. She believes in clearing her loans at the earliest, keeping aside an emergency fund, checking her bank account regularly and planning for a future that is safe and secure. But, there is a big but here, why does she shy away from investing aggressively?

Studies have found that currently women are earning more than ever and are in the best position to invest in stocks and yet very few do because of fear. Yes, fear is the biggest factor that prevents this gender from investing. And those who are not shackled by fear are bond by student debts. And given their nature to be debt free most women clear their debts as soon as they can.

Reasons for not investing

  1. Fear of loss: In general women lack knowledge in stocks and hence are wary to invest in them. Everybody knows that there are no guarantees when you invest in stock; thus, women being more tuned to saving feel less inclined to part with their money.
  2. Not saving enough: Women are inherent caretakers of the family and always like to be in a position of giving than As a result, the prospect of losing money on the stocks and not having any savings is frightening to most. They would rather be conservative and save little than be aggressive and lose everything.
  3. Not sure where to begin: Finally, not everyone knows how to go about investing in stocks. They do not where to start, whom to trust and how much to set aside. Many in fact blame their lack of investments on their poor mathematical skills though that has nothing to do with managing one’s money.
  4. Lack of time: Most women have too many demands on their time. Besides their work, the household and children take up a major chunk of their time and energy. It is a sad reality that several women pensioners live in poverty.

There are several automated trading systems like the QProfit System wherein one can start with a minimal investment and to get a feel for the market. These automated trading systems do not require any previous knowledge of trading or the market. Just by following the demo everyone can hope to make profits and fill their coffers.

So, women fear no more! Move on and embrace the stock market just as you face every challenge that life throws at you and emerge successfully.

Fintech LTD- The most reliable software to trade in

Fintech Ltd is fully automated software which assists the trader to carry out trading. The release of the binary options program which is meant for trading as created quite a stir in the market.  More and more people are becoming aware of the product and wish to join too.  Read through the below-mentioned pointer to know more about the advantages of the software.

Benefits of opting for Fintech LTD

  • You will be able to save your time. You don’t have to study the market, go through various graphs and charts, analyze the current trend and make a decision based on all these studies. This software will do all this work for you. You could use this valuable time elsewhere, either on work or spend time with your family.
  • It is the perfect choice for a newbie as you don’t have to be familiar with the cryptocurrency market to use the software and trade in the market.
  • There are no hidden or additional charges. The membership is guaranteed for a lifetime.
  • There is no need to download the software to your system as it is web-based. It only requires few minutes to activate the account. The trader will start noticing favorable results in the initial hours of trading.
  • The software only deals with legit brokers who are regulated under the appropriate authority. There is no chance of Fintech LTD scam, you can know more about it here. This product adheres to all market regulations. Also, you will receive all the earnings within the timeframe mentioned in the website.  The withdrawal process is very much hassle free.
  • It has the best customer care support, team. They are trained to clear all the queries of a trader at any time of the day. No matter which part of the world you are in, the customer care team is there to help you out. There has been only positive feedback about the support team.

After all the investigations and research, it has been concluded that the Fintech LTD is a reputable system to opt for trading. There are only positive customer reviews. It has got the potential to earn good results for its users. It is advisable for the people who are quite serious about trading in cryptocurrency market to join this trading system which is 100% reliable. It would be one of the best decisions you would have taken in life.

 

 

 

 

Stock trading- the various types

When you think of stock trading you might perhaps think that it is nothing but buying some stocks, observing price changes and selling them. Though the gist remains the same the way you do it might be different. Trading, in general, can be done in several ways. You could trade currency pairs as a forex trader or you could also trade in cryptocurrencies which are now popular across the world. If you do not have the time to manage your funds then there are the managed funds like mutual funds, managed forex accounts as well as exchange-traded funds.

For beginners looking for an automated trading system that is simple and straightforward, this source would give you information about one such system. All you have to do is to create an account and then make a deposit.

If you are trading in stocks the broadest classification of trading types includes day trading, short term, long term and medium term trading.

And then based on the technique followed in order to make trading decisions there are several types:

  • Scalping
  • Arbitrage
  • Momentum day trading
  • Market making
  • Price action trading
  • Swing trading
  • Rebate trading
  • Trend following
  • Range trading

Day traders are those that execute short day long trades. These are trades that are completed, the buy and sell calls are both done within the same day before the trading session closes. This is a short-term trade and so the price difference that occurs within the same trading session would determine the actual profits made. The overnight changes that occur in the market do not really have an impact on the day traders.

Short and medium trading involves buying stocks based on the current direction. Within days or weeks when the price is likely to hit the resistance level and reverse direction the stocks are sold. These are great for those who are investing in the stocks based on news and sudden business decisions that are likely to lead to an increase in the price change.

Long-term trading is ideal for those who do not mind compromising on the liquidity. Multi-bagger stocks that are priced very low in the current market but have the chances of having their price multiplied in few years are great for long-term investments. The price change might be slow but the profits reaped after few years would be pretty high in comparison with the short and medium term trading options.

Know The Hidden Technology Of Fintech LTD Trading Currency

Apart from the material cash payment, almost all real-time payments suffer a doubling spending issue. This problem is totally avoided in the case digital currency transfer because such electronic assets are carried and passed between the peer end users of a networking system with the help of a public-private cryptographic key. This encryption technology is dependent on the blockchain concept and maintains a public record of all transactions in a sequential order.

The automated working manner of blockchain with the help of combined computing powers of user network verifies and updates balance and secures transaction. Each confirmed transactions are added to the chain which further revises their block version and thus maintains the good record. Transactions are possible only for those parties who hold the password or the private key associated with an account, usually referred as a public key.

Theory of Mining Process

Mining is distributed consent system that is used to allow the waiting transactions, by coding them in blocks and is added to the blockchain. It is a so-called source of new virtual coins which are later taken up by the dedicated miners of the network.

Miners are a part of this network that possesses the power to collect the exchanging requests and accordingly assemble the blocks added to the blockchain. Coin incentives are rewarded by the protocol to the able miners as an idea to increase the coin circulation.

The fixed circulation rate at which the coin enters network helps in maintaining and protecting the system from an oversupply of currency or hyperinflation. This whole process of producing a valid block is time-consuming and is a kind of a complex math puzzle for the miners to solve. This puzzle is further associated with a cryptographic hash function.

Some features of this hashtag include

  • Asymmetric in nature
  • Hard to solve but very easy to verify
  • Leave a proof-of-work fingerprint
  • Protects the neutrality of the network
  • Works in a predetermined manner

The mined coins are known as the virtual currency and a bitcoin is an example to this. Each user transfers the bitcoin to the other end user by digitally signing a hash of the preceding transaction. The only thing needed to initiate a transfer is the bitcoin address of the recipient. This particular digital coin is known to be pseudonymous as they never exhibit anyone’s identity. The users secretly store these coins in their virtual wallet which are efficiently used for Fintech Limited trading purpose.