Mastering Cryptocurrency Trading

Unless you are living in a cave, cut off from the technological world of the 21st century in which the rest of us live in, you have probably heard about the recent boom in cryptocurrencies and the success stories associated to it. Many young entrepreneurs and traders have made a small fortune by investing in this new economic sector. However, unlike what one could think at first glance, cryptocurrencies are not magic internet money and investing in them misguidedly can ruin you in less time than it takes to say “Bitcoin”.

Investing in outstanding cryptocurrencies such as Bitcoins and Ethereum isn’t a subject to be taken lightly. It is extremely risky, extremely speculative and still is in its very early stage today. That being said, the new speculative market of cryptocurrencies has the significant potential to make smart investors, following the trends of the market, and with a little help from lady luck, rich. If we take the example of Bitcoin, the price of a unit of the virtual currency was valued at $ 999 on January 1, 2017. Its price reached $ 18,956 on December 11 of the same year, soaring up 1797.49%. The current rate of bitcoin is $ 6100.4 per unit, 510.65% more valuable than it was at the beginning of 2017.

crypto-chart

Today, Bitcoin and a handful of other cryptocurrencies have invested several key economic sectors where consumers and suppliers of products and services trade through this new medium of economic exchange. Among the areas of economic activity where cryptocurrencies are progressively gaining the most recognition are:

  • International Financial Transfers: The international transfer of funds, especially when it comes to large sums, not only takes a long time but also is very expensive because of the different taxes imposed by the various governments involved in the movement of assets and transfer fees applied by conventional financial institutions. The use of cryptocurrencies for international funds transfers circumvents any third party and makes the cost of transferring funds almost nil.
  • Enabling Online Gambling in Restrictive Jurisdictions: Some countries, including the US, do not strictly prohibit online gambling but prevent conventional financial institutions from processing any money transfer between players and online casino operators in their territory. The pseudonymic character of cryptocurrencies, which does not identify recipients or funders on their peer-to-peer network, is an alternative of choice for tens of millions of online casino players, allowing them to bypass restrictions imposed by the jurisdiction in force in their country. Many online casinos have adopted Bitcoin to facilitate US players’ access to their platforms, and many specialised sites, such as bestblackjackcasinosonline.com, have a comprehensive list of gambling websites that enable players to use this convenient method of payment.

Trading Cryptocurrencies – How to Make Money Trading Bitcoins, Ethereum and Other Virtual Currencies

Given the speculative nature of the cryptocurrency market practices we are about to discuss here, please be informed that we do not have the pretention do hold the magic formula that will get you rich in 6 months trading virtual money. In fact, we strongly advise any of our readers to steer away from anyone or any organisation who have such claims. What we will discuss here, however, is what are the current trends in cryptocurrency trading that have been proved successful and what are the good habits to adopt to maximise your chances to make a profit.

CRYPTOCURRENCIES MONEY MAKING CONCEPTS

  • HODL: Originally coming from a misspelled post on the Bitcoin talk forum the term HODL, short for holding, is today part of the growing cryptocurrency communities’ lingo. The concept of “HODLING” cryptocurrencies is straightforward as it consists of buying cryptocurrencies that are widely spread amongst users (Bitcoins, Ethereum, Litecoins, etc.) and hold on to them for a given period until their value reaches a fair market share. Holding is one of the safest ways to get started in cryptocurrency trading and to get acquainted with how the market fluctuates. When you HODL you buy cheap, hold and sell high.
  • HODLING FOR DIVIDENDS: Some cryptocurrencies pay dividends to their unit acquirers to hold on their assets. This allows these virtual currencies to guarantee their users a basic value tier that gradually increases as the number of currency purchases increases. Amongst these currencies are NEO, COSS, KuCoin and CEFS.
  • TRADING: Trading or Day Trading is a much more intense activity. When trading, you catch highs and lows in prices on crypto-exchanges and aim for the highest profit possible as the market fluctuates in real-time. The risks of this method are higher, but so are the potential rewards.
  • INVESTING: Since the explosion of the Bitcoin phenomenon, there are now more than a thousand different cryptocurrencies, some to avoid, other having the potential to know the same escalation as the famous virtual coin. Investing in a cryptocurrency at its initial stage is a long-term bet and can prove very profitable. To invest in the cryptocurrency of tomorrow, no secret, you need to do your market research, follow the news and keep an eye on the fluctuations of the crypto-market to sniff out the next golden hen.

HEALTHY HABITS TO STAY SAFE FROM BANKRUPTCY

  • ONLY INVEST WHAT YOU CAN AFFORD TO LOSE: This is the most important rule of investment. Never invest if you cannot afford to lose everything, it is the golden rule to observe whatever the sector in which you want to invest. Unless you are in possession of a Christal ball that allows you to read the future, if that were the case you probably wouldn’t be reading these lines, there is no 100% safe investment in this world.
  • ALWAYS KEEP AN EYE ON THE BITCOIN RATE: If you decide to embark on the cryptocurrency trading, you will undoubtedly be lead to other virtual currencies or altcoins. The rates of each of these currencies fluctuate in relation to each other and especially by following the evolution of the bitcoin. When the value of the latter falls, those of the altcoins tend to increase and conversely.

These are the basic principles of cryptocurrency trading. This young and dynamic market and the panel of opportunities it offers are still in their infancy. The best advice we can give you to succeed in trading these new mediums of exchange is to read as much information as you can, carry your own study and always cross-reference sources of information. One thing is for sure, cryptocurrencies are not about to disappear and the financial impact of blockchain integration to finance will, one way or the other, shape the future of our economy.

Tips for Avoiding the Pitfalls of Binary Options trading Market

avoid pitfalls of biniary options tradingBinary options financial trading is the perfect platform for generating huge revenues. If executed and planned well your binary options strategy can fetch you around 80-100 percent returns, which is a huge percentage for traders who started with no or minimal funds. However, there are several risks and dangers involved in this market and traders must remain mindful of them before they plunge into this market with all their money and investments. Read on to discover the pitfalls of binary options trading and what traders must do to avoid them. If you want to trade with more specific instruments, that can give you and even higher return rate, then you have to start with some time reading about the binary options basics.
Lose All Your Money: The beauty of binary options is that they are easy to comprehend and a trader with little to no knowledge and minimal investment can also enter the market and initiate trading. However, often traders rely on sheer luck and place their trades without garnering much information about the position of the asset, which results in a massive loss. As a trader you must understand that binary option trading isn’t gambling and you need to have a sound plan and unique trading strategy to boost profits and minimize losses.
Emotional Investing: Traders who are new to the world of binary options trading tend to rely on their emotions and gut feelings and hence end up placing unsure trades. However, instead of losing money to identify a strategy that works for them, traders must control their emotions and make their moves only after a thorough analysis and understanding of the asset they are planning to invest in.
Bad Market Conditions: Many traders tend to overlook the potential dangers that bad market conditions bring along with it. It is always better to avoid trading when the market trends are surging in the opposite direction and when it gets difficult to measure risks and dangers involved in a trade. It is also important that traders pay heed towards the selling and buying cycles as that allows them to time their trades successfully.
In a nutshell, traders need to realize that in order to achieve success and make money through binary options trading they will first have to learn to take losses into their stride, as losing money in this form of trading is pretty normal. Traders must also take time to comprehend their negative and positive feelings regarding an asset and use effective trading strategies and plan to maximize their profits. Remember, you are never too smart for the market and the prices of assets won’t alter according to your desires and fantasies. Also, don’t have too many sources for gathering trends, directions and viewpoints. Instead, examine all the sources and find out which one is genuine and reliable.

Why is investment management software recommended?

Business has been changing constantly and on mandatory from all of its sides and basics. No matter how good some practices are, there will be always new approaches, ideas, conceptions and recently software products that will make you even richer and more successful. Staying far away from these innovations and revolutionary approaches is a huge mistake. And if you think you can progress with such behavior, you are wrong. Take investment management, for instance. It is a thing you need to really finely and properly consider and in case you are not provided with the best experts in the field, there must be another way for you to arrange this task. What we can offer you is the so-blasted and suggested by so many financial specialists investment management software.

What is investment management and can it be solved with software?

What we know from life about investment is a process that simply can be described like this: you gather and save money for years and when you see a solid amount of cash or in your bank account, you understand that in this world, where monetary crisis happen all the time, you should better not keep your money in a bag or even in a bank, but invest them. However, buying properties and then giving them for rent with your savings is not all that investment management and accounting in business field is lead to. On the contrary – investment in business in not about the personal judgment of a situation, budget and goals. It concerns an entire company and many sources of profits. This means i investment management software can do much more than tell you where to invest. It shows you why exactly you should invest in properties even though your company sells cars or why you need to quit investing in bio products, but make your own. Such things, of course, used to be predicted with no machinery or investment management software in past. However, today, things have changed and if a program can do it instead of 2 to 4 specialists, why bothering? Also, let’s not forget that investment links to mathematical tasks and accounts and in these duties there are also chances for mistakes – little ones that lead to big issues and problems. Besides saving you time, money and employees, investment management software saves you risk. And the risk, itself, can cause many other problems inside the company – like losses of profits, which were secured, delays in production and even bad advertising campaign, which you have thought will be the best thing during this calendar year. Any investment management software predicts you which fields could be ok to your personal field of business actions. In most cases, it is about a list of such and you with your investment specialists can decide.

Using investment management software is by all means a good thing, because it cannot prevent you from success, but only get you closer!

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