Category Archives for "Blogging"

Jul 03

Benefits of trading with bitcoin

By Jessica Barnes | Blogging

Benefits of trading with bitcoin

Bitcoin is a virtual currency based on listings outlined by Satoshi Nakamoto in 2009. Money transactions are recorded, which shows the transaction history. This could also be used to prove one’s ownership. Processing the transactions requires skilled minors to process the transactions, which are the essential elements of the blockchain. The full review of benefits is given below:

Decentralized valuations:

The non-existence of a central bank, to change bitcoin valuation serves as a major advantage of trading forex with bitcoin currency. As a result of the decentralized nature of trading in digital currency, bitcoin rates are free from any geopolitical influences as well as from other economic issues which are specific national interest rate or inflation rate.

High leverage: 

Most forex traders offer high purchasing power for bitcoin trades which ranges at a 1:1000 ratio. Traders who are experienced in this line of trade can maximize it to their potential. This should be confronted with great caution as it can also maximize the loss that can be incurred.

No transaction costs: 

All of the bitcoin transactions are recorded without any involvement from banks and other agencies, by digitally recording them on public networks. This saves up on the transaction costs, even for those who are involved in global transfers. Brokers give these benefits to their clients without transactions fee.

Low cost of trading:

Most of the forex traders that accept virtual currency try to maintain the brokerage costs at a very low level in order to attract more clients who are new to the digital trading market.

Security:

Financial security is guaranteed as you don’t have to reveal your bank accounts or credit card details to withdraw or deposit money. While dealing with foreign brokers it comes in as a huge advantage especially related to the cost and financial securities.

Low Deposit Amount:

In certain bitcoin forex trading firms, an investor can start operating their account with as low as $25. During times if promotional offers, certain digital forex trading firms even tend to extend their new members with a matching deposit account. Investors have to take extra care to ensure that all the brokers are accurately controlled and regulated.

No Global Boundaries:

Global boundaries are eliminated when it comes to bitcoin transactions. With the help of bitcoins, a trader who is based in India can trade forex easily through a trader who is based in Germany. Though regulatory challenges may serve as a concern if both the brokers and traders are willing to transact them the geographical barriers can be abolished.

 

Jun 19

How to profit from Cryptocurrency

By Jessica Barnes | Blogging

Planning and execution are both relative terms when it comes to trading, the management lessons took come handy while entering the cryptocurrency markets, as blindly going by the site claims and investing heavily would mean losing out the entire investment without a sign of getting it back. Being extremely high on the risk element one has to

  • decide on how short or long will the investment be on ,including the time frame one has planned to stay invested
  • the amount of risk exposure, as a favorable trade can just double up the money, or lose the entire amount to the system
  • the type of currencies which one wants to deal in, as for the beginning it is always better to concentrate on one coin, than investing in different solo currencies,

Considering all the above points, the trader has to keep in mind that the amount can be a sustainable loss if occurred, is a bearable loss or the maximum one can stand to lose to an unambiguous digital space. The profits, on the other hand, could be very high if the market is favorable, hence only money which can be disposable or rich high net worth individuals who can allocate around 10 % of their wealth can foray in to these markets in different cryptocurrencies for spreading the risk on evenly and, the rest of the investments could be parked in safer deposits, bonds, treasuries.

One can even be on the safer zone to invest in cryptocurrency by:

  • investing in more than one cryptocurrency as the risk is spread and the loss in trading in one currency may be offset by a good profit in trading with the other
  • put the stop loss to limit the maximum risk one can take while trading in the markets or choose brokers who provide the guarantee the stop loss which is provided by brokers for a small fee or commission by the added feature in the Bitcoin Loophole platform

Trading or investing is again an important decision before one forays in to the crypto markets, as a trader will want to make instant profits in the day trading and exit out with the profits net of the commission paid to the broker, which for a short duration ranging from a few hours in a day, or just for few days, in case of investors who want to stay for longer period of time can invest in various cryptocurrencies which work based on automated trading robots.

 

Jun 08

Financial inclusion and its importance

By Jessica Barnes | Blogging

Today we have an enormous wave towards forex trading and its need for the development of business or making easy money. Though this is a very important note in the economic well-being of an economy, there is also one another subject that requires utmost importance in terms of economic empowerment in the markets. This is yet another crucial necessity to many weaker sections. Without much suspense, let us see what that topic which needs immediate remedies.

Financial inclusion is that something which needs a lot of focus in the current hour. When this is made possible it becomes easier for popularising online trading even to the weaker sections who are in need of financial upliftment in all ways. Therefore the Ethereum code Ltd has started taking measures to reach out to these low-level areas for making them aware of online trading and its importance today.

What is financial Inclusion?

The capability of getting financial services without any criteria like income levels, education levels or any such criteria which hinders the weaker sections from owning a personal account with financial institutions. This is a hot topic which has been dealt by the government a few years ago and some measures have been taken up to rectify the issues related with these.

Hence there were many campaigns which were led to help rural people open free bank accounts and maintain their earnings in those. Also, they were made aware of what is really meant by savings and how it would benefit their future.

The importance of financial inclusion

Thus by being a part of receiving financial services people benefit in many ways such as:

  • Make day to day transactions like receiving and sending money to near and dear ones.
  • Plan and pay for recurring expenses like study fees or family functions or any future requirements
  • Start a positive savings habit and keep their money safe without any unauthorized
  • Make use of money at any immediate occurrence of events
  • Can begin to make investments in assets for their small-scale businesses and help in their growth.
  • Get to know about different types of savings accounts for the better financial performance of their money.
  • Manage cash by themselves and become very independent
  • Overall welfare guarantee by the knowledge of such institutions.
  • Capable to help peer group and motivate them.
  • Get aware of other online activities with due course of time.

Thus it is the right time to know and educate the unaware class about the benefits of such opportunities.

 

 

Jun 04

Trading The Precious Metal – Silver

By Jessica Barnes | Blogging

Silver is a precious metal like gold. It is used in companies as well to make jewelry. There are a number of applications of gold in the industry and for the manufacture of consumer goods.

Silver is also used in thermal conductors and electrical equipment’s and this finds a lot of use in the electrical industry. Silver is used in medicines and is also used as a substitute for gold because it is less expensive than gold.

Supply and demand

Silver is majorly produced in Mexico, Australia, Chile, Peru, and China. China is today one of the major silver producers.

Silver also finds a lot of use in investment and because of its volatile nature, many traders prefer to trade in silver. Major players look at the demand and supply level of this metal to trade in them. The demand and supply are what creates the price movements in the metal.

Silver uses

The silver prices are affected by the economy as silver finds a lot of uses in industries. When the economy is strong the demand for silver increases and this leads to its price going up. It is also more volatile than gold.

Gold and silver are found in infinite quantity on the earth and thus they are always in demand. These could become more expensive in the future and this is because the natural sources are depleting. Its demand, however, will also increase.

The supply of the precious metals is not dependent on how much gets mined from the earth. This is because gold and silver can be reused. The scrap metal impacts the market and this causes the supply and demand shift even more than what impacts the mining of the metal.

Conclusion

Gold and silver are used by countries for production as well as export and these are imported by the big customers. The metals are used in the industries as well as for hedging against inflation. You need to consider the scrap value too when you trade in this metal because that impacts the demand and supply of the precious metals which in turn impacts the price of the precious metals.

If you are a technical trader then read the long-term chart of the metal to get an idea about the trend of the metal. Take time and go through the chart to understand the dominant trend and then trade with the trend. Watch the price levels and look for the major demand levels on the higher time frame charts to trade the metal. Is it a safe option to trade silver? Yes, it is.

 

May 24

 The Mesmerising Trading Field

By Jessica Barnes | Blogging

It is nice to be a part of the trading field. It is not necessary that you have to be here just to make money for it is not just this that is granted by the market but also ample knowledge and understanding a person would get which is possible nowhere else. This is a good experience to know and learn about the market through the major and primary aim and intention of any trader are to make some extra money here through his trades. This is a field that is completely submerged in money and if you are lucky you will also be one among the lucky lots to have earnings every day. Though we say this, it might not be a possibility always for this market is ruled by both losses and profits. Yes, these two things happen in a sequence and it is a general rule and belief that every loss would be followed by a profit and vice-versa. Yes, and it has happened also in many cases.

Come with the basic understanding

Now, this is something important for all traders and they have to get this fact deep in their minds and hearts for this would help them have their plays here without a disappointment. The ones who neglect this truth or fact are the ones who would find it very hard to digest the losses and most of them, out of dejection quit the field and try to be away from it. Is this the mistake of the market or the trader? Profits and losses here are complementary and they cannot happen without the other following them. So a trader who has got this point right is the one who has understood the basic logic and principle of trading and he would be the one who would be able to be here for a long time earning at the same time getting some knowledge too.

Now though we get to learn about this in the trade journals and book, it is probably a practical experience that would help the traders in understanding this better and the best. A personal touch`s impact is always better and bigger than just the words that explain the same. So do not just stop with the knowledge that you get to learn from the books and recommendations; try taking the field personally with guts; try to approach the field with systems like the crypto CFD trader is a trading software for they give a better trading experience.

May 17

Blockchain technology in video games

By Jessica Barnes | Blogging

Understanding cryptocurrency may be easier for avid videos gamers because the in-game currency is also a virtual currency; almost all games have their own form of currency to buy diamonds, special powers, accessories, and costumes.  In the game, currency is created by the game developer and it has no value in the real world, unlike cryptocurrencies.

There are several hacks in video games to get those diamonds and other special powers but that is not the case with the cryptos which are encrypted and have special algorithms which prevent duplication. Unlike the several cases of fraud in the gaming world, cryptocurrency transactions are all legitimate because they are all recorded in the blockchain – a technology on which cryptocurrency is based on.

To overcome the fraud in video games and also to reduce the gap between the game victories and real-life benefits, video game companies are looking towards blockchain technology for solutions.

How can blockchain help game developers?

The intrinsic nature of blockchain technology can be used by game developers to reduce the gap between the game economy and the real world.

  1. Cryptocurrencies are digital by nature which means it is easy to integrate them into the gamins system without having to go through arduous financial procedures. Furthermore, most of the main cryptos are not limited by any application or platform.
  2. There will be a reduction of frauds when blockchain technology is used because it doesn’t allow replication of transaction while it records every transaction.

If blockchain based tokens do become a reality than video gaming will not remain a mere hobby but will become a lucrative means of finance for the successful players; they can actually love what they do and earn some steady income while doing it.

Conclusion

The chasm between in-game currencies and cryptocurrency is very deep and but for a very basic similarity, they do not share anything in common. Having said that, with the growing relevance of cryptos in all fields, it is a matter of time before cryptocurrencies are used in the gaming world and users reap the benefits in the real world. But at present, the challenge is to reach a solution that is widely accepted and easy to adopt by all games.

But till such time if you wish to increase your cryptocurrency balance download CryptoCFD Trader, a trading robot which is regularly used by investors to buy and sell cryptocurrencies all over the globe.