Beginner’s Guide: Introduction in Cryptocurrencies

What is Forex trading?

Forex, also known as foreign exchange and foreign exchange market is where currencies are traded. Currencies are important to people around the world.

Currencies are needed for exchange to carry out foreign trade operations. This is the largest and most liquid market in the world. It captures different markets to the extent of even a stock trading system with a normal exchange estimate of approx.

It is a worldwide decentralized market for the exchange of monetary forms. This market decides the distance trade. The main members in this market are the larger universal banks. In this market there is a wide range of multiple types of buyers and sellers.

The Forex market is unique due to the following characteristics:

Huge volume of exchange, addressing the largest class of resources on the planet leading to high liquidity;. Continuous task, 24 hours a day with the exception of weekends;

• Geographic dispersion;

• Continuous work, 24 hours a day except on weekends;

• Various factors affecting the exchange rate;

• Low profit margins compared to other markets;

• Use of leverage to increase profit and loss margins.

The Forex trading market is called the market closet of the ideal of perfect competition.

With such a huge number of experts inalienable to Forex exchange, there are several dangers associated with it that must be considered.

You need to make sure that their internet connection and computer is running very smoothly at all times. We all know that things happen, servers go down and our computers freeze or shut down depending on the current activities. This may affect transactions, so keep in mind that things can happen during a trade.

There are also risk-free accounts that allow you to practice without losing your own money.

Avg.

The Forex market is always on 24 hours a day, 7 days a week. It doesn’t matter your time, location, internet connection and computer, you can log in anytime to give me a break from trading.

It is scalable. With this feature, the trader can control and limit the risk depending on his account.

Leverage is one huge advantage of the Forex trading market, where brokers allow you to trade up to 2% of the total contract size against the stock market. You can use a small account to trade large sizes where the gains can be quite large and you only need small capitals to get it.

Data and software are free; you don’t have to pay, all you have to do is log in to your broker’s website. Download the software, charts will be displayed as soon as you login.

No commissions; so you pay in spread costs that depend on how much you trade.

Coins.

As an individual, you face a lot of competition, especially from foundations that are about huge money with prepared marketers and many dollars of resources invested in programming and equipment.

There is no centralized exchange, unlike the stock market. A broker acts like a stock exchange which makes it a market maker.

You have no idea about capital exposure and how to calculate leverage, then you will experience huge losses.

Good traders enter trading with only 2% of initial capital and no more than.

The forex market moves differently throughout the day, there are only a few peak hours that are worth your trading time.

Risk.

Margin trading also comes with a high level of risk that a smart trader should avoid. Always assess your capital and the amount of risk you are willing to take when trading.

Never enter Forex trading with an amount you cannot afford to lose.

Likewise, it is your commitment to spot every one of the dangers that accompany Forex trading before you go before your first exchange.

Leverage is one of the biggest risks in Forex trading. This could bring a big profit if you are winning, but on the other hand, a huge loss if you are losing.

Forex trading in Islam.

According to Islamic law, it is difficult to give a definitive answer to the question. Trading money under certain conditions is halal as indicated by an Islamic specialist, however there is a question under the correct conditions.

This implies that any type of business that involves an element of interest is completely forbidden under Islam. Forex trading is not allowed in Islam and is defined very broadly. A retail forex trader mirrored the market by paying or charging the enthusiasm between the two parts of any money match whose position remains open in the medium term. It seems that it is only allowed as long as (the exchange) is hand to hand. Prophet Muhammad (peace be upon him) had in mind the exchange of different types of goods. It would be made between the two parties, recognizing that it is a natural aspect of trade.

Most Forex experts reacted to show the power and weight of Islamic dealers by creating an “Islamic Forex broker” and offering “Muslim Forex accounts” that work without war of intrigue.

However, “regular” Forex trading offered by Forex brokers, with overnight interest or fee payments, could remove the fish hurdle.

Online trading requires an online cryptocurrency exchange. Many online exchangers make it easy by providing strong security, fast transactions and stability. Some of them are Binance, Changelly and newly introduced Nexchange. These platforms deal in trading different cryptocurrencies.

Social media

Social media is a combination of online communication channels dedicated to group input, communication, information sharing and relationships. Different types of apps and websites dedicated to social networks, blogs, forums, wikis and social bookmarks make up different types of social media. The most common types are Facebook, YouTube, Google+, WhatsApp, Twitter, QQ, WeChat, Qzone, OLX, Instagram, LinkedIn, Tumblr, Skype, Viber, Snapchat, Pinterest, MySpace, Meetme, Meetup, Mixi, Tout, Douban, Flickr, Buzznet , Wehearit and Friendster These social websites have approximately 100,000,000 registered users. Although there are different types of social media, they share many common features such as Consumers create service-oriented profiles for website and applications that are planned and supported by the association. User-generated material such as digital images, posts, videos, comments and data shared through Internet interfaces. All types of social media are interactive Internet applications that enable the growth of online social networks by linking user profiles to the profiles of other individuals or groups.

Users usually contact social media content through web-based tools on computers, or download services from Internet applications to their mobile phones, through these services users can generate highly collaborative platforms through which individuals, groups and institutions can segment, co-create, discuss and revise data. user-generated or pre-built content displayed online. They represent significant and prevailing changes in communication between trades, institutions, societies and individuals. It modified the communication between individuals and large institutions. Researchers study these changes and new technologies are introduced as a result of these changes. It differs from traditional print and electronic media in various aspects, such as perception, customer, value, reach, appearance, interaction, usage, proximity and durability. Its channels function in a dialog mode of transmission, while the old-style media used a monologue mode of transmission.

Facebook is widely used in all countries, 84 percent of young Americans are its users. Almost 60 percent of teenagers have profiles on social networks, most people spend at least two hours a day on social networking sites and the time spent on these sites is more than the time spent on other types of sites. Total time spent on social networking sites in the US was 66 billion minutes in 2012, and has now reached 121 billion minutes. It has become a source of professional perspective and financial gain.

Social media has many good and bad effects. It gives the chance to connect with real or virtual groups, and is a real advertising tool for businesses, funders, charities, as well as support groups, politicians and administration. Its significant use has also been proven to cause grief, cyberbullying, online stalking and loitering.

We cannot define social media by its ability to bring people together, according to this description telegraph and telephone can be its types, in fact social media is usually used to say social networks such as: Facebook, Twitter, LinkedIn, Pinterest, Snapchat, Instagram and Wechat allows them to use to create their own private profiles to share ideas, images, videos, chat with each other and update each other about new things, events and happenings while doing their daily works and routine jobs.

Distinctive feature of social media- Content spreads like a virus

Sometimes the content that is posted on social media is likely to spread like a virus on social media. Users will reshare content that another user has posted on their social network, resulting in further sharing. Posts like the explosion of an atomic bomb in North Korea, breaking news like the news of Michael Jackson’s death crashed the internet servers because this news was quickly shared and re-shared by people using social networking sites. This is the concept of spreading a viral disease from one infected person to another. Some individuals, groups and organizations use this viral spread of news as an effective way of publicity.

Use of mobile applications

The use of mobile phone to access the sites is a big factor in the popularity of these sites, it is now easier, more private and cheaper to use social media than before, the smartphone has made the internet a very “convenient” thing for the young generation to use. Young people now spend more time interacting on social media than watching TV. With the help of a smartphone, all kinds of sites can be easily accessed, content can be added, shared, sent, received, voice and video calls with updated status can be made more easily without the use of a desktop computer or laptop. The use of Wi-Fi technology made it possible to use the Internet connection for all family members. All family members can use internet sites according to their own likes and dislikes, time flexibility and privacy. Mobile applications like WhatsApp, Skype are widely used for making video calls, YouTube is used for watching videos, Facebook is used for sharing videos, images, texts and status updates by mobile users. Mobile social media refers to the use of media on mobile phones such as smartphones. Mobile applications enable the formation, exchange and dissemination of content created by users. Location and time sensitivity are important factors for accessing social media via mobile devices.

Business perspective

Location and time sensitivity has given mobile devices an advantage over desktop computers in offering companies to expand their marketing and advertising business. Mobile accessories can be used for investigation, communication, sales promotion or concessions and affiliate growth programs.

E-Commerce

Social sites use social plans, creating stages that are equally beneficial to users, industries and networks with the help of e-commerce or online consumption. Users post comments about a company’s product or service with their online friends and associates. The company profits because it gains awareness of how customers perceive their product or service. Apps like Amazon.com and Pinterest are influencing the growing trend in acceptance and accessibility of e-commerce or online consumption.

Investing success, earning in stocks and accumulating wealth is everyone’s primary goal. Achieving that ultimate goal of retirement security requires an investment strategy that will make your money work hard for you while avoiding excessive risk, failure and loss. Technical analysis and fundamental analysis are two key points for financial success, but they differ greatly in their approach to investing.

Fundamental analysis focuses on the financial statements, the actual data of the company being evaluated. To estimate the value of a stock, fundamental analysis uses revenues, earnings, future growth, return on equity, profit margins and other data to determine a company’s underlying value and potential for future growth. While fundamental analysis is important, most investors do not have the expertise, desire or time to study a company’s financials in an effort to determine whether or not it would be a good investment. And with the accounting shenanigans some companies have implemented to prepare the books, the basics can be seemingly worthless.

Technical analysis, on the other hand, is a method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. Some technical analysts do not attempt to measure a company’s intrinsic value, but instead use charts and other tools to identify patterns that may suggest future price movements. Technical analysis was introduced more than 100 years ago by Charles H. Dow in a series of Wall Street Journal editorials he authored and later became known as The Dow Theory. The basic factors of his theory have been valid for more than a century and today are the foundation of technical analysis. Dow believed that the market discounts everything and this information appears in price movements not only in the overall market, but also in individual stocks. The instant access to news in today’s world reinforces the fact that everything is really down in the share price and market movement.

However, a wise investor should always have a two-pronged approach to be successful. In other words, use some common sense. The company’s basic, familiar fundamentals are readily available and revealed in the price-to-earnings (PE) and earnings-per-share (EPS) ratios. To avoid fly-by-night companies with no real earnings, make sure your EPS and PE ratio are in line before you put your hard-earned money at risk. Then, with proper knowledge of the technical analysis of the company and the overall market, a truly wise investment decision can be made.

There’s an old saying: “If you want to know the truth, then follow the money.”

The truth is; charts are the money trail. Technical chart analysis not only reveals a stock’s current and past performance, but price action also gives the chartist a clear view of market sentiment and valuable insight into future direction. All the necessary information is shown on the chart. Price, volume, support, resistance, trends and more. It is simply a matter of knowledge in the correct interpretation of information. Charts and technical analysis use the foundations of Dow theory and implement modern charting techniques to give the investor a distinct advantage. Therefore, an informed investor can limit risk and invest at the most opportune moments, avoiding market crashes, market corrections, and bear markets. By using time-tested analysis, readily available fundamentals and common sense, the individual investor can be successful in any market.

Bitcoin is a type of digital currency based on a peer-to-peer network. It was introduced in 2009. What makes this type of currency different from the common currency in use is that it is not centralized or dependent on any banking or government authority. However, Bitcoin offers many advantages. For example, it has lower transaction fees than conventional payment mechanisms. Let’s take a look at 4 benefits you can enjoy if you invest in Bitcoin. Read on to learn more.

Multiple uses

Initially, Bitcoin users used the currency to perform routine financial transactions without paying many fees. Since then, the currency has been used for many other purposes.

In fact, Bitcoin uses blockchain technology to facilitate digital transactions. Therefore, all transactions are first verified and validated. Moreover, all transactions can be reviewed online through the database available on the blockchain site.

Additionally, bitcoins can be used to digitally trade securities for land titles, insurance claims, and so on. However, it is important to note that these uses are in the development phase. Therefore, they have not yet become part of the mainstream.

However, the currency was quite successful. Therefore, it revolutionized the entire industry. According to many researchers, the value of Bitcoin will continue to increase in the future. Therefore, it is a great idea to invest in BTC if you want to earn a great return on your investment.

Expected gains

First of all, it is important to note that the potential gain is greater than the potential loss when it comes to investing money in Bitcoin. According to many cryptoanalysts, Bitcoin will become an international currency in the future. In other words, the chances of losing money are less than the chances of making a significant profit. So it is somewhat of a safe investment.

If this happens, it will give a boost to global trade. As a result, the value of Bitcoin will increase by 20,000 times its current value. However, this can only happen if this currency is recognized as a valid currency for domestic and international trade.

Interest on your investment

Since Bitcoin is taken as a type of commodity money, you can invest your Bitcoin just like you invest money in any business using traditional fiat money. Therefore, you can also earn interest on your invested money. Additionally, you can sell your Bitcoins after their value has increased.

Simple access

Interestingly, you don’t have to hold your Bitcoins long to earn. Based on how much money people transfer to the Bitcoin network, you can make money even in a short period of time.

Long story short, it’s a great idea to invest in Bitcoin in 2019. Just be aware of the latest developments to take advantage of the opportunities available.

Bitcoin is an online digital currency, just like the dollar or the pound, but with a few exceptions. Introduced by Satoshi Nakamoto in 2009, Bitcoin taps into a peer-to-peer payment system where there are no intermediaries and goods can be securely transferred between any two people on the planet. It is connected to a large network of computers and the unit of currency for the Bitcoin system (aptly called Bitcoin) can be easily obtained by joining the vast network. Bitcoin provides a fast, cheap and secure alternative for transactions, but few are willing to opt for it. So the million dollar question still exists, is Bitcoin a safe investment?

Bitcoin is only a few years old, an interesting creation that has amazed many and for the record, it has made a name for itself on the top financial lists. Its popularity has spread and led some of the leading companies such as Virgin Galactic to consider it as an acceptable source of payment. Bitcoin prices are rising at rates of up to 10% and continue to dominate as the market’s alpha, which has made many interested in investing in it.

Another special feature of Bitcoin is that it does not have a central bank, nor is it controlled by a central government. It is a global currency and its creation and existence lies behind a complex and geeky mathematical algorithm that allows it to track government-related mishaps. Cases of political instability and government absurdities that embarrass the economy and drive years of currency investment down the drain do not occur in the cryptocurrency system. This creates a safe and friendly investment opportunity with low inflation risk.

The Downside

Along with the always incredible advantage, cryptocurrency also has its disadvantages. As mentioned, this thing is still taking baby steps; and with that come great uncertainties. Bitcoin prices are volatile; it is currently rising rapidly and can fluctuate at 30% to 40% in a month. The world is still surprised by its appearance and there are very few Bitcoin and Bitcoin owners. This leads to unanswered questions and cold fear among people because investing in a new unpredictable ‘gold mine’ can have devastating consequences. Its newness brings a lack of regulation and scares away potential investors.

The enigma surrounding the Bitcoin system is a major factor to consider. Anything can happen and everyone participating in the Bitcoin market is on high alert. In December 2013, China eliminated the use of Bitcoin and this led to a drastic drop in its value from $1,240 to $576 in just three weeks. Developers are also determining the functionality of this global currency and many are questioning the thought of risking their finances for some group of nerds. This prevents many from buying into the system and increases the risk of investing in Bitcoin that much more.

The Future of Cryptocurrencies

When you look at the crypto-based currency market, it will seem exciting, worrying and mysterious at the same time. The pioneer, Bitcoin, has gained immense popularity over the past few years. The currency has undoubtedly fallen significantly, but has regained its position again. Moreover, ICOs for new crypto-based currencies are emerging at a rapid pace.

A lot of money is being invested in the Bitcoin industry

We cannot ignore the fact that a huge amount of money is invested in the domain. But according to financial experts, the whole future looks a little skeptical. The future of cryptocurrencies is based more on predictions of technological trends and speculation. There are some cryptocurrency advocates who think the future is bright, while others warn people about the future of cryptocurrency.

Replacement of national currencies by 2030

Some of the leading futurists believe that cryptocurrency will remain and rule the financial market. Cryptocurrencies are predicted to replace national currencies by nearly 25% by 2030. Cryptocurrencies are considered more efficient, especially because of the way they work. So swapping national currencies won’t be a big deal.

In 2009, when Bitcoin was introduced, it showed great potential and was successful. Within a year, it boomed and its growth is still ongoing, making it a legal tender and asset in several countries. Several other crypto-type currencies have emerged in recent years and their popularity has led to the legitimization of new assets or currencies other than the conventional currencies that operate in the global financial economy.

We cannot deny the fact that there will be money lost in a crypto-based currency economy. But it is also believed that there is a high possibility of generating profitable income.

You cannot expect crypto-based currencies to function like cash

Crypto currencies work on blockchain technology and are not tied to any centralized authority unlike traditional currencies. Some experts often refer to it as the blockchain economy. The IRS considers cryptocurrency more property than real currency. It won’t be wrong to say that Bitcoin is more or less similar to selling real estate.

When you sell your Bitcoin, you are passing on discrete digital information to someone else. There are several Visa companies that have already facilitated the use of cryptocurrencies for regular transactions. But, cryptocurrency is still something that needs to maintain a strong position in the mainstream economy.

Hello,

This is my first article here so hopefully this will be approved so I will share some things about it bitcoin and blockchain.

For those of you who don’t know what Bitcoin should I put it this way, Bitcoin is a currency that cannot be controlled by any bank or any government, it is basically a virtual currency and can be bought online using real money. So, apart from being a decentralized currency, what are its advantages, so you can transfer bitcoin anywhere in this world without much fees, you can be 100% anonymous while making transactions thanks to the so called technology. blockchain.So what’s the big deal about this you may ask, well let me tell you when it was first launched it had absolutely no value, but now 1 bitcoin = $6,689.35 that’s pretty impressive growth isn’t it?.

Well as this thing grows you may ask so let me tell you how to maintain a blockchain there must be something called a ledger where every transaction must be recorded and to become a block in the blockchain the hashing function must be solved and the production of bitcoins by solving of hashes is called Bitcoin mining.

To solve the hashing function, people usually used graphics cards, but as time went by, Bitcoin became more and more difficult to mine and dedicated hardware called ASIC miners were introduced.

So people who spend their time and money mining bitcoins will be rewarded in bitcoins and as more people become part of this blockchain, its value will increase.

so how do i make money with bitcoin, there are two ways

1.you can trade bitcoin/altcoin (any cryptocurrency other than bitcoin is called altcoin, yes there are thousands of them)

2. you can dig them yourself

Both of these methods have their advantages and disadvantages, because bitcoin is not controlled by anyone, it is extremely unreliable, one day it can be worth $10,000, and the next day it can fall to $100. Trading is basically buying bitcoins for real money and praying that its price goes up and selling it when it does. This approach is very risky and you may end up losing money instead of making any profit.

Or you could choose to mine bitcoins, but here’s what you should consider, mining hardware is super expensive and mining requires a lot of electricity, also the difficulty of mining is getting higher every day so you won’t be able to make some profit without high initial investment.

That said, Bitcoin trading and mining are two good ways to make money if you know what you’re doing.