Unfortunately you can find scam brokers online. But is plus500 also a scam?
Plus500 is arguably one of the most highly rated and popular brokers in the world.
There are a number of reasons as to why it is one of the best.
Is Plus500 a Scam?
Plus500 is definitely not a scam. I’ve used the for years without problems, and so did millions of other traders.
In fact, Plus500 is listed on the London Stock Exchange. This means that you can buy Plus500 stocks. This also shows how awesome this company is.
Question: Why does the logo of Plus500 have the “xx.x% of retail CFD accounts lose money” warning?
Answer: This is because they are forced to do it by the regulators. All kinds of investments are risky. But especially CFD brokers like Plus500, have to add this warning everywhere possible (is CFD trading a scam?).
What is Plus500
The first thing to note with any broker before signing up is legitimacy.
This can be found through licensing and regulation under internationally recognized financial authorities.
In the case of Plus500 , we know that it is licensed and regulated by at least three of the world’s leading regulatory bodies – the FCA, ASIC, and CySEC. What’s more, this broker is also listed on the London stock exchange.
Plus500 Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Being listed on a stock exchange does not completely prove the legitimacy of a broker.
However, it does require it to release its accounts to the public during every semester, which helps traders make a more informed decision when it comes to signing up. A listed company must also satisfy the standards of various auditors and other trustworthy financial bodies.
For a lot of brokers, financial regulation and stock market listings are not everything, and they should not be. The daily services and operations of a broker should also be heavily scrutinized in order to determine reliability.
Is Plus500 A Good Platform?
In a word, yes, but as a trader, you are going to need a more comprehensive answer to that. Is Plus500 a legitimate broker worth trusting with your online investments? We shall now take a close look and find out.
Accounts
Plus500 offers a really simple choice of accounts, a demo, and a live account. The demo of course, is available free of charge with no accompanying time restrictions. Meanwhile, the live account can only be activated after making an initial deposit of at least 200AUD. For forex traders (offered as CFD), leverage for a live account goes up to 1:30.
Trading platform
Plus500 uses an elegant design of trading software that is substantial but also easy to access and use. It arms clients with important services such as technical analysis software. It also enables traders to manage multiple markets on the same screen whilst providing price quotes in real time.
Plus500 is a CFD broker that offers following instruments through CFDs: currencies, commodities, stocks, ETFs, and indices.
The platform also comes in four different versions – one which is web-based, one which can be accessed on your desktop, one which can be accessed on your portable Android and iOS devices, and finally, a downloadable version.
Funding methods
You can fund your Plus500 account using either your Visa or MasterCard credit card. You can also use MoneyBookers or a bank wire transfer. The latter usually takes several days to be processed.
Customer support
The Plus500 customer support team is on hand 24/7 where users can communicate in multiple languages in addition to English. They can be reached via email or an online chat forum but not by telephone. This can be a problem for clients who have trouble connecting to the internet.
Conclusion
In terms of quality, Plus500 is on par with many of the world’s leading brokers. Plus500 is not a scam. Having general efficiency in all its services makes it an attractive and reliable choice for many traders.
If you are trading in penny stocks, then instability is something that you need to get accustomed to.
At the same time, you will have realized how some of the most volatile penny stocks can actually work in your favor.
This is because erratic prices often bring the promise of high gains and minimal losses if you know what stock to put your money in.
For others, unstable penny stocks may be a cautionary tale about what companies to avoid. Day traders love volatile stocks.
Here is a list with penny stocks that are the most volatile:
1. Insignia Systems
For the most part, the stock for Insignia Systems does look as though it is going to improve. Nevertheless, there are some confounding performances that add to the overall uncertainty. Let’s take a closer look at this to see where it can go…
On the one hand, this does look like a positive growth opportunity for traders that are interested in short-term as well as long-term stocks. This is largely because the company has experienced some heavy losses and is only now making its way back, in the latter portion of the year. Not to mention, the small, company-instigated flash crash caused the share prices to dip even lower.
Despite this, though, there is a silver lining for this company, particularly when you look at the way that the company is performing. The general direction of the company, including its sales, make this a company to watch out for. The main reason for uncertainty here is the fact that the share price is facing a mild resistance level. Should it be able to break out of this, however, things could start looking up.
2. Dogness Corporation
Once again, this is yet another company where it can be difficult to know the direction of progress. The main issue with Dogness Corporation is that it is standing in the middle of two rather extreme share price scenarios. Should the market stabilize itself and head in a more positive course, then there is a good chance that the share prices will move in a similarly upward direction. In the event that this doesn’t happen, though, you could take on some serious losses.
Ignoring this, there are a few other points to take into consideration. On the plus side, this company offers a rather innovative product – smart technology for pet-related products. Due to this, the potential for growth is high. That being said, as the main company is based in China, many potential investors may be put off by this.
These penny stocks are almost completely geared towards investors that don’t mind some speculation. They also need to be able to accept both the high risk and reward scenario. Last but not least, these individuals will have to conduct further review of the company to be certain about its performance.
3. LUNA Innovations Incorporated
This is yet another company stock price that is at the mercy of the surrounding market. As such, if the current volatility continues, then there is a good chance that the share prices of LUNA will follow suit. In this sense, it can be difficult to pinpoint just how well it will do, at least in the near future.
See, this company shows signs of long-term progress and therefore, a good share price for penny investors. This situation can be determined by looking at how well the company has been doing over the past few years. Where it gets tricky, nonetheless, is the short-term position. So, if the rest of the market looks to be in a tough position, then these shares will certainly not fare well.
One clue that may help you to decipher the situation is to check if there is a mild support level around the price point. As long as it stays at $3.00 or more, you should be fine. Still, if it gets any lower than this, you should stay away from the stock.
4. Turquoise Hill Resources Ltd.
Turquoise Hill Resources is a company that finds itself in a rather precarious position. On the one hand, this a company that has been performing quite well and for the most part, this was reflected in the stock price. Unfortunately, sentiment towards commodities changed in the marketplace. This meant that most investors began selling their positions in relation to commodities.
Nevertheless, there is also just as much good news for investors as there is bleak news. This is because the company is actually strong enough to make a comeback on its own. Therefore, buying shares for a lower price now could be beneficial in a short while. To add to this, if market sentiment towards commodities also rebounded, you could be looking at even more profits.
All these are great volatile penny stocks for day trading.
How to Find the Best Possible Penny Stocks to Trade With
As mentioned, trading volatile penny stocks does afford you the chance to make a good profit. This, however, is dependent on you making the right selections at the best possible chance. As such, you should always remember these following tips in this kind of situation:
Focus on the Facts: before buying stock, you will need to have a full understanding of how that company works. This means understanding the business plan and its potential for profit. At the same time, you will also need to look into how well that company can survive in a particular sector given its competitors.
Understand the Value: the other thing that you will need to do is to understand the value of the stock that you are buying. Keep in mind, it isn’t just share price that you need to focus on. You will also need to look at the number of shares that are still remaining. This will allow you to more accurately determine what your shares are worth in the company.
Consider All Factors: finally, there is more to penny stocks than just the company’s performance and share price. To really understand how the price will increase or decrease within a period of time, you will need to look at all compounding factors as well. This includes elements such as market sentiment, global issues, and various other aspects.
These are the most important volatile penny stocks that you need to know about. Based on this information here, you can plan how you would like to proceed with each of these companies. Just make sure that you make the best possible investment decision for you.
Top Volatile Penny Stocks for Day Trading
When it comes to day trading volatile penny stocks offer the potential for high profits.
These stocks are known for their dramatic price swings making them attractive to traders looking for quick returns.
Here are some of the top volatile penny stocks to consider:
1. Insignia Systems: Despite some confounding performances the general direction of this company including its sales makes it an intriguing option for traders.
While facing mild resistance a breakout could lead to promising results.
2. Dogness Corporation: This company offers innovative smart technology for pet-related products presenting potential for growth.
However as a Chinese-based company investors should weigh the associated risks before investing.
3. LUNA Innovations Incorporated: Although long-term progress appears positive this stock’s short-term performance is tied to market volatility.
Traders should be cautious and examine the company’s support level before making investment decisions.
4. Turquoise Hill Resources Ltd.: Despite recent challenges due to changing market sentiment towards commodities this company has the potential to rebound.
If market sentiment towards commodities improves investors could see profits.
Remember trading volatile penny stocks involves high risk and reward scenarios.
Conduct further research on the companies and consider market conditions before making any investment decisions.
By focusing on the facts understanding the value and considering all factors traders can maximize their chances for success.
Penny stock trading has evolved with the rest of the industry and now, you can place trades on your laptop or smartphone.
Of course, to do so you, you will need the best free penny stocks trading apps to work on. After all, in such a situation, the success of your trades can largely depend on the technology that you are relying upon.
The popularity of mobile trading means that there are more apps than ever to choose from. Everybody tries to make money with trading and become a millionaire. Nevertheless, not all of these apps are equally up to scratch. To discover which ones you should actually be using, check out the information below:
What Does ‘Free’ Mean?
As you will have noticed, this article deals with free trading apps. However, you will find that each app uses the term ‘free’ in a different matter. Here is a closer look at the distinction:
Free Trading Apps Without Fees: these apps are free to download and use. As such, they have no additional fees attached to them, even when you are trading. One of the downsides to these apps, though, is that they may be limited in the services that they offer traders.
Free Trading Apps With Fees: then, there are the apps that are free to download but do have other charges tacked on. These will charge you fees or commissions when you begin to place trades or utilize other services on the app. While there are extra costs involved with such apps, there are more benefits as well. For instance, you get access to a greater number of features.
Now, let’s move onto what the best apps for each of these options are…
Free Penny Stock Trading Apps That Have No Fees
Let’s first begin with the trading app that is completely free to download and trade with:
Robinhood Trading App
Are you a beginner trader or want to limit how much money you spend on trades? If so, then the Robinhood trading app is for you. As you can imagine, the biggest advantage of this app is that there are absolutely no fees involved. So, even when you place trades using the app, you will not be charged any commission. This is particularly useful when trading penny stocks where each of the share values is so low.
At the same time, you should know that this app only works with the major exchanges in the industry. Due to this, you will not have access to over-the-counter or Pink Sheets stocks. So, your options for investment can be a bit limited at times.
Free Penny Stock Trading Apps That Have Fees
The list is here is a little more extensive. It must be stressed, though, that you will always need to double check the precise fees and commissions associated with any service on these apps.
Here is a list of apps that have fees but are free to download:
1. Charles Schwab
Just because Charles Schwab isn’t free doesn’t mean that it isn’t affordable to trade with. See, this app charges just a $4.95 flat commission when you buy or sell stock. To sweeten the deal, there is no account minimum which means that even beginner traders can use this app.
In case you are wondering just what it is that you get for this fee, the answer is quite a lot. For one thing, you will be provided with access to the Over-the-Counter Bulletin Board. You may also be able to see certain Pink Sheet stocks as well.
The broker also boasts an excellent and reliable app that makes it quite easy for you to make trades with. Not to mention, their top-notch customer service means that you will be able to easily speak to a professional, should something go wrong.
Now, as far as brokers go, TD Ameritrade isn’t the cheapest one around. This is largely due to the fact that it tacks on a $6.95 commission fees to any trades that you make. Fortunately, there is no minimum deposit required to get started. Nevertheless, if you try to sell your shares before the 30 days requirement, you may have to pay a penalty.
When you consider all of these points, you may be at a loss as to why TD Ameritrade is a good option. Well, if you are an experienced trader, then this app-based platform is going to blow you away. It provides you with all of the information that you need with a click of a button. You are even given the opportunity to construct your own indicators.
Free Penny Stock Trading Apps with Account Minimum Requirements
There is another tier when it comes to free apps with additional charges. There are some broker apps that require to have minimum account balances or deposits when trading. This is in addition to some other fees and commissions.
Here is a list of apps that have minimum requirements (free download):
1. TradeStation
TradeStation charges a $5 flat fee for each of the trades that you make. Depending on the services that you wish to access, there may be other charges levied against you as well. Last but not least, you are also expected to maintain an account minimum of $500.
Despite these numbers, there are many advantages to this app. It is certainly well-designed, simple to use, and efficient. Therefore, you will find it quite useful when making a trade. At the same time, there are also a few opportunities for you to bring down the overall cost of the trade. The per-share pricing and unbundled pricing options mean that both low-volume and high-volume traders can find a way to keep costs a great deal lower.
2. Interactive Brokers
Interactive Brokers offers a rather mixed bag when it comes to the trading app. On the one hand, the app functions extremely well and is known for its excellent trade execution. Furthermore, there will be quite a few trading options available to you. There is also the fact that you will be charged just a commission of 0.5 cents per share, with a $1 minimum per order.
There is a catch, though, with the minimum account. To get started, you will need to deposit at least $10,000 in your trading account. Afterward, if you don’t have a balance of around $100,000 you will be charged a monthly commission minimum of $10.
If you want to trade via your desktop or even smartphone, there are a lot of options for you to select from. With the information provided here, you will now be able to select an app that is perfectly tailored to your trading budget as well as your overall requirements.
Best Penny Stock Trading Apps for Free Trading
Penny stock trading has gained popularity among investors due to its potential for high returns.
While trading penny stocks can be risky it can also be profitable with proper research and caution.
To make the most of your penny stock trading experience it is essential to choose a convenient and cost-effective app.
Here are some of the best free penny stock trading apps available on the market:
1.
Interactive Brokers: Interactive Brokers offers a user-friendly interface and a wide range of features including low commissions and access to a large number of penny stocks.
It is known for its excellent trade execution and provides various trading options.
2.
TD Ameritrade: TD Ameritrade may not be the cheapest option but it offers a reliable app with all the information you need at your fingertips.
It provides access to Over-the-Counter Bulletin Board and certain Pink Sheet stocks.
While there is a $6.95 commission fee there is no minimum deposit requirement.
3.
TradeStation: TradeStation charges a $5 flat fee for each trade and there may be additional charges depending on the services you choose.
It has a well-designed and efficient app making it easy to navigate and execute trades.
It requires a $500 account minimum.
By selecting one of these free penny stock trading apps you can access a range of features and make informed trading decisions.
Remember to conduct your own research and due diligence before making any investment decisions.
After Bitcoin, Ethereum is the most traded cryptocurrency at the moment.
Ethereum is a fast and cheaper cryptocurrency, compared to Bitcoin. If you want to know, how to trade Ethereum follow the guide below.
How Ethereum Trading Works
Trading Ethereum is not that complicated as you may think. All you have to do is to follow a few simple steps.
Here are all the steps needed, to start trading Ethereum:
Open Account At An Exchange: You need to register an account on an exchange like Coinbase or Kraken. This exchange has to accept fiat money (USD, EUR etc.). This is the reason why we haven’t mentioned Binance here.
Deposit Money On The Exchange: Once your account is opened, you need to make your initial deposit. It is not recommended to invest more than 10% of your net worth into cryptocurrency.
Buy Ethereum With Your Money: If you are only interested in Ethereum, there is no need to buy Bitcoin first. Most exchanges allow you to buy Ethereum directly.
Start Trading Ethereum: Once your first Ethereum coins are purchased, you can send the cryptocurrency over to Binance. We recommend Binance, because it’s the most trusted exchange that has most of the coins listed. Now you can follow your trading strategy and exchange Ethereum into other coins whenever you want.
There is a huge difference between trading and investing.
You may have searched for “how to trade Ethereum” when you found this article. But in reality, you may be more interested in the investing part. Let me explain:
Ethereum Trading: This is for those of you who are looking for short term profits. There is day trading where you basically trade Ethereum a few times a day. Some people can make a living off of this. There is also swing trading ,where you trade the cryptocurrency one a week or month. This is also considered to be a short term trading strategy.
Ethereum Investing: Investors typically just buy and hold. You don’t care about short term losses or gains. You know that in the long run, you will be in profit anyway. For most people, investing is the simplest and safest way to make money with crypto.
Ethereum and Ethereum Classic
We must clear up one important detail about Ethereum vs Ethereum Classic – they are not the same.
Ethereum is abbreviated to ETH
Ethereum Classic is also called ETC and there are times when traders fail to make the crucial distinction and end up buying Classic.
At first, there was just Ethereum and later the Decentralized Autonomous Organization (DAO) was formed as a kind of crypto-hedge fund, which raised some 150 million dollars’ worth of Ethereum. However, the code it was based on was not all that perfect.
One hacker in particular managed to exploit the loopholes in the system well enough to land Ethereum tokens worth $50 million. So obviously, Ethereum users and developers were not amused and asked that the stolen currency be reimbursed and the code be given its due update.
Meanwhile, ETC supporters maintained that the code was the law and that whatever happened ought to be forgotten.
But losing $50 million is not easily forgotten. Thus, the split between ETH and ETC, and the latter still operates as the original Ethereum did.
Start Trading Ethereum With A Strategy In Mind
Ever since their arrival on the online trading market, cryptocurrencies have caused one heck of a fuss among traders. They represent some of the most lucrative profit potentials of any trading commodity. Ethereum is one of these wild cryptocurrencies with an insane capacity for inflation, able to raise its value from $8 to about $400 in less than half a year.
Make sure you are tracking your coins. An awesome website that I like to use is CoinWink, because they let you set up crypto price alerts. The design is minimalistic, which I love.
But before you jump right into Ethereum trading and attempt to get yourself some of that, it is important to know that Ethereum, like any cryptocurrency, is a highly volatile commodity. If it has the capacity to make a rapid climb from $8 to $1000 in such a short time, you can be sure that it has the capacity to descend just as quickly.
If you are really going to make healthy profits by trading Ethereum, you will need to remain sober and focused on a long-term vision. It is all about implementing a successful strategy.
A good strategy is to buy Ethereum on support levels and sell it at resistance levels (or simply hold it for years).
Is It Still Worth To Trade Ethereum?
Like any prominent cryptocurrency in the world, Ethereum has the potential to sustain truly ridiculous surges in its price.
To put that into context, the price of Ethereum at the beginning of a given year can spike to as much as 5000% before the year is over.
That is growth like you have never seen before. However, factor in the opinions of analysts, and there is good reason to anticipate that the market as it were is on the way to correction. Nowadays you can even use Ethereum to play slots and bitcoin games.
Certain coins may well become outdated and a small number of coins are expected to increase in value from what they were.
Ethereum VS Bitcoin
As a trader, it is in many ways a good idea to invest your money in cryptocurrencies that are not carbon copies of bitcoin that have different uses and technologies.
In fact, you can perform more transactions on the Ethereum network than with Bitcoin, and for a lower fee too.
Some reports state that the market cap for Ethereum may well usurp that of Bitcoin in the not-so-distant future.
Others claim Ether could topple Bitcoin both in the number of users and the capability of its platform, specifically in computational power and cybersecurity.
Rest assured, Ethereum has a very capable team to work on it. Co-founder, Vitalik Buterin, was first introduced to bitcoin when he was merely 17.
Not long afterward, he would bring home the Bronze Medal in Informatics at the International Olympiads.
Ethereum developers have also concentrated on its legitimacy, and set up the Enterprise Ethereum Alliance or EEA, to make connections and assist global organizations such as Accenture, Intel, Microsoft, and so on in the use of blockchain technology.
As a matter of fact, a major reason why the price of Ethereum has soared so high is that the big players in EEA placing their trust in the technology and continuing with projects on the blockchain. So to answer the question “Is it too late to invest in Ethereum?” no, it most certainly is not. It is still very much a viable and recommended option for making any long-term investments.
In most countries, cryptocurrencies are legal. There are quite a few shops where you can buy stuff with cryptocurrencies, like Ethereum
Selling Ethereum is as simple as buying. You just send your coins to an exchange that accepts fiat currency. Example: Kraken or Coinbase
Both are cryptocurrencies, but both serve a different purpose. Ethereum is faster and cheaper.
You have to calculate this for yourself. It also depends on how expensive electricity is, in your country.
Can I Buy Ethereum In My Country?
Just like with any other cryptocurrency, you can buy Etherum from online exchanges. Given the immense popularity of Ethereum, you can buy it in bitcoin as well as fiat currency. A few of the most recommended online exchanges to try are Coinbase, Bitstamp, Gemini, and Kraken.
Any online exchange with a significant reputation will require you to verify your account prior to purchasing Ethereum. The verification process involves uploading your personal ID from the government and going through the KYC process. All in all, the verification process takes a few days, going by how busy the exchange is.
Cryptocurrencies are only banned in a few countries, so there is a high chance that your country has no problem with this. The list of countries that accept cryptocurrencies changes on a daily basis. That’s why we can’t post a list here.
Upon verification, you can deposit fiat currency to your account and receive ETH. You can also buy ETH using Bitcoin.
It is important that you do not store any cryptocurrency in an online exchange for longer than necessary. Even with an updated system, the threat of hacking is constant and not to be undermined.
It is best to transfer your ETH into your own digital wallet just as soon as you receive it. That also means keeping your password and private key secure. Else, you might encounter problems with transferring ETH later on.
You would also do well to open an account with a CFD on a cryptocurrency broker that counts deals with many of the world’s leading cryptocurrencies (offered as CFD).
Should I Invest In Ethereum?
Ether works as a commodity which in turn works as a token of exchange to run the Ethereum Virtual Machine or EVM. The EVM is what enables smart contracts to be used and computers to work on blockchains.
For all intents and purposes, Ethereum is a new and improved platform, allowing its developers to build on the blockchain technology, especially with big names like Microsoft and JPMorgan using it in ongoing projects. If all does go according to plan, we may just see a new king on the Cryptocurrency front.
If you’re interested in trading Ethereum one option to consider is trading Ethereum contracts for difference (CFDs) with Capital.com.
Trading Ethereum CFDs allows you to speculate on the price movements of Ethereum without actually owning the underlying cryptocurrency.
With Capital.com you can trade Ethereum CFDs using their award-winning trading platform which offers advanced AI technology all-round trading analysis and trading on margin.
This means you can potentially amplify your trading position without having to invest the full value of the trade upfront.
Additionally Capital.com is a regulated CFD trading provider licensed by both the FCA and CySEC providing an extra layer of safety and security for your trades.
Whether you’re new to trading or an experienced trader trading Ethereum CFDs with Capital.com can be a reliable and efficient way to take advantage of the potential value growth of Ethereum.
This broker is mostly recognized for its involvement in binary options trades. However, it has since been through some diversification, especially in the past few years. It is also involved in forex, CFDs, Cryptocurrencies, and ETFs.
Daniel Major
There are a few scams out there, but IQ Option is one of the legit ones. IQ Option is not a scam.
This material is not intended for viewers from EEA countries. Binary options are not promoted or sold to retail EEA traders.
Is IQ Option a Scam?
IQ Option is not a scam broker. And here is why:
Repuation: IQ Option has a stellar reputation in the community
Withdrawals: There are no reports about withdrawal difficulties or similar problems
The main attraction for traders who choose to trade with IQ Option is arguably the accessibility and ideal trading conditions that it affords.
Aside from requiring very minimal deposits to operate their binary options accounts, they also offer attractive spreads for both CFD and forex products. All of this has contributed to a rapid rate of expansion in its user base – from just under a million in 2014 to over 14 million by 2016. So indeed, diversity in the online trading industry is good.
IQ Option Trading Platform
Unusually, however, when it comes to their trading platform, IQ Option have not opted for MT4 which has been a staple choice for most of its competitors. Instead, their platform has been developed totally in-house. It works surprisingly well, although it could use a little more detail in its charting and analysis options.
The rest of it, however, is absolutely sublime. The interface is a joy to use and can be downloaded as well as accessed on the web. Note that the downloaded version is very much the same as the web-based version, carrying the same benefits and faults.
The charts, although a bit lacking, are still far from being the worst. You can view up to 9 of them simultaneously and they are not at all daunting to look at.
If you happen to be new to online trading and need some assistance to find your way around it, the interface has quite a few tutorial videos you refer to which contain many different methods of analysis and helpful tips regarding the mechanics of the platform.
However, traders should also be aware that when it comes to cryptocurrency vertical, most of the ‘classic’ technical analysis methods will not be effective, since this type of assets have a unique way of evolving its value.
What Our Readers Asked
No, IQ Option is not a scam. In fact, IQ is one of the best all-round brokers.
Every form of trading is risky. If you make bad trades, you can lose money. However I have never heard of traders having problems with withdrawals.
IQ Option has the lowest minimum deposit in the industry. You only need to deposit $10 to get started.
Trading Options
IQ Options has been consistently keen on incorporating new classes of assets. Its portfolio contains the 4 major classes – forex, equities, commodities, and indices. There are also several currency pairs to trade here including some really exotic ones like SEK, TRY, and NOK.
Recently, IQ Option expanded into the cryptocurrency market and now offers CFD trading for up to 12 prominent cryptocurrencies including Bitcoin.
IQ Option Demo Account
The demo account offered by IQ Options is among the best you can find at any broker. There is no deposit required and its balance can be replenished up to $10.000 with no time restraints.
It can also be operated simultaneously with a real account unlike with some brokers, where you can only use one or the other. The major benefit of this is that traders can experiment with new strategies and retrieve valuable information without risking their actual funds. It certainly has scored IQ Options plenty of popularity points over the years, particularly among novice traders. And this speaks volumes about its overall capabilities as a broker.
Customer Support
You can contact IQ Option’s customer support staff via online chat or by email. The standard email address for IQ Options is support@iqoption.com. Its headquarters are located at the Antigua and Barbuda
IQ Option is a Legit Trading Platform
If your focus as a trader is on Forex and Cryptocurrency CFDs, IQ Options is likely to be your best bet.
While there are still mass technicalities that cannot all be covered in a single review, what we know for now is that it certainly has not deterred traders from signing up. Since its inception, IQ Options has seen some of the most exponential expansion rates of any broker. It is certainly deserving of its high reputation in the online trading community.
General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose
With the growth of the cryptocurrency industry , more and more events and conferences are being organized. There are many opportunities waiting for you. You have the chance to meet CEOs, venture capitalists, entrepreneurs and other important personalities in person. Don’t miss out the chance to build long lasting business relationships.
European Blockchain Investment Congress
Event date: February 28 – March 2
Place: Vienna, Austria
Description: Over 2500 participants, 100 investor, 70 top speakers and 50 ICO projects.
Event date: November 20, 2018
Place: InterContinental, Tverskaya St., 22, Moscow, Russia
Description: Legislation, oil business, blockchain analytics discussed at Blockchain Conference Moscow. It will fall into two sessions to provide every participant with a possibility to focus on information that interests him or her – Fintech Hall and Blockchain Hall. Plus an exhibition area will be organized for mining hardware, blockchain-based software and apps, and related goods and services. PLUS! Until November 9, you can buy two tickets and pay only for one! All you need is to visit the registration page.
Event date: February 20, 2019
Place: Haliç Congress Center, Istanbul, Turkey
Description: The new year starts off with one of the biggest crypto events in Istanbul. With over 5000 attendees and over 10.000 watching live, this event looks very promissing.
You will be able to see these awesome speakers there: Tom Lee, Roy Liu and Vit Jedlicka in addition to many others.
Event date: November 1-2, 2018
Place: Malta, InterContinental (St George’s Bay, St Julians)
Description: With over 300 sponsors, 100+ speakers and 5000+ delegated, Malta Blockchain Summit is one of the biggest of its kind in Europe. THe fields covered include: cryptocurrencies, blockchain for dev, fintech, regulation, affiliation and much more.
Prominent speakers: Christopher Obereder and Miko Matsumura (Evercoin Founder), just to name a few.
Event date: September 14, 2018
Place: NDK Sofia, Bulgaria
Description: NEXT BLOCK is one of the hottest blockchain related events in Bulgaria. With over 400 attendees, 25+ Top Speakers and an exclusive after party, it’s also one of the most important events in Eastern Europe. The event will be streamed online as well.
Event date: August 23, 2018
Place: Moscow, Berezy Park
Description: CryptoBBQ is the first outdoor-crypto conference. The CryptoEvent team organizes this fantastic and unique event in the Berezy Park, Moscow.
Get 15% discount for ANY type of tickets with the promo code howwetrade15.
Are you a professional conference organiser? Get your conference listed here by contacting us.
Add our logo to your website (logo for dark background or logo for light background)
Cryptocurrency Events: Opportunities for Networking and Education
The cryptocurrency industry is thriving with numerous events and conferences being organized to cater to the growing interests of enthusiasts investors and professionals.
These events provide valuable opportunities for networking education and keeping abreast of the latest developments in the field.
From major international conferences like the European Blockchain Investment Congress and the Blockchain Economy event in Istanbul to more regional events like the Blockchain Conference in Moscow and the Malta Blockchain Summit there is no shortage of opportunities to connect with industry experts and learn from their insights.
Additionally these events often feature exhibitions showcasing cutting-edge technology software and services related to cryptocurrencies and blockchain.
Attending these events is a fantastic way to build long-lasting business relationships and stay updated on the latest trends and advancements in the cryptocurrency market.
So you’ve decided that it’s time to open your first bitcoin wallet? Good choice. Cryptocurrency is the future and you’re an early investor at this point.
Without the numerous Bitcoin wallets that offer varying levels of security, convenience and opportunities to holders, Bitcoin and indeed cryptocurrency in general, would not be as big as it is.
On a basic level, Bitcoin is a currency like any other, with the only difference being that it’s digital and decentralized, unlike ordinary currencies.
Nonetheless, Bitcoin, which raked in revenues of more than $2 billion in 2016, needs to be stored just like other currencies to ensure safety and ease of transactions primarily. However do you know how to open a bitcoin wallet?
We believe that you found your way here not to read about the importance of Bitcoin wallets, but their intricacies. If you are in e-commerce or just an enthusiastic developer looking to create your own Bitcoin wallet, here are three things you need to know before anything.
Different Types of Wallets
Before going any further, we have to make it clear that a Bitcoin Wallet is not the same thing as a Bitcoin Exchange even if the two may be used together.
Basically, a Bitcoin Exchange is an app or website that allows Bitcoin holders to exchange their crypto for fiat or paper currency.
On the other hand, a Bitcoin wallet is a software that helps you “store” your crypto and make Bitcoin transactions.
Well, technically Bitcoin can’t be stored as it’s not tangible so in this case, wallets store both the public and private keys that you use to send and receive BTC and help you connect to the Blockchain when you need to make a transaction.
That said, the point here is that when setting out to create one, you need to be aware that all wallets are not made equal – just like you have real leather and faux leather wallets for paper money. There are five different types of wallets that you can create, namely:
Mobile Wallet – Usually in the form of a mobile app that allows you to make instant purchases using your smartphone. Features include safe storage for your keys both private and public, QR code scanning and fast transactions.
Desktop Wallet – Typically computer software that enables you to, among other things, store your private keys in cold storage, away from the Internet or third-party servers.
Web Wallet – Depends in varying degrees on the Internet to function. On the brighter side, they allow multiple transactions, can be linked to Exchanges and allow you to log in from different devices and locations. However, private keys are stored on the web in third-party servers.
Hardware Wallet – A dedicated device that securely stores user information and private keys in an internal microchip in encrypted form, making it very difficult for unauthorized access. It’s considered the most secure type of wallet.
Paper Wallet – A piece of paper, generally printed by the user, containing both the private and public keys in the form of QR codes.
Each of the above wallets requires its own level of security and functionality features and as a developer, knowing the differences between them is an excellent first step.
Security is Key
Whether you are building a wallet for commercial purposes or your personal use, security is one thing you don’t want to compromise.
It is what people look at when choosing wallets to use, and in the absence of a regulatory authority, your wallet needs to be very secure to even be among the options.
As mentioned above, you need to have a safe, secure and convenient way to store private keys whether online or in cold storage.
Standard practice to this effect is Two-Factor Authentication (2FA) which requires the user to use both their wallet password and a One Time Password (OTP) which can be sent through email, SMS or Google Authenticator.
Another way to secure user funds is by backing up their wallet data, including private keys (in encrypted format) in a secure server. This makes for easy recovery in case of primary server crash on your part and human error on the user’s part. You can also encrypt user data in such a way that only them, through their private keys can access wallet data. Depending on the encryption software you use, every user gets a password to use when sending Bitcoin from their wallet.
If any unauthorized person gains access to their wallet, they won’t be able to transfer or use any funds inside unless they somehow get access to the secret passcode. Again, security is the key to success of your wallet. If you get it right, everything will be alright, and the reverse is unfortunately also true.
It’ll Cost You!
Note that we are not talking about the obvious sleepless nights when trying to find a secure API or Source Code to use. We merely mean that building a Bitcoin wallet will cost you money, real and big money.
Therefore, you need to be fully prepared not only mentally but also financially as well. To put it into context, the average cost of creating an ordinary mobile app for just one OS is around $10-$15k depending on graphics and specifications.
When it comes to Bitcoin wallets, you may want yours to be compatible with several platforms, especially if you are in business.
Add the cost of paying a decent app/software development agency for an additional 200 hours or so to create a multi-platform wallet to the common expenses such as front-end development, web integration, secure hosting and SSL encryption for your web site and the costs can easily run up to $100,000 plus.
Nonetheless, the cost of creating your wallet will depend on the projected user numbers, features included and what type of wallet it is relative to the 5 categories mentioned in point 1 above.
The development team you hire for the job may also be cheaper or expensive depending on their skill and experience levels and your specifications. Ultimately, the costs are still manageable but still run up to a tens of thousands of dollars.
Thus, it makes more sense to develop a custom Bitcoin wallet for business use as opposed to one for personal fun but hey, it’s all in your hands.
While it may make sense to you in the heat of the moment, we strongly advise against going for dirt-cheap developers and features as it may negatively impact the security and consequently, the reliability of your wallet. Go for quality instead.
Final Thoughts
We may not have covered everything about Bitcoin wallets in this article, but we believe that we have comprehensively touched on the three most important things to know before creating a wallet. It may be time-consuming and expensive, but that’s nothing to hold you back if you are committed to the course.
Drop a comment below if you liked the post or a question if you need something explained in detail.
Crypto Wallet App Development: A Lucrative Market with High Potential
Developing a crypto wallet app is a profitable venture in the ever-expanding world of cryptocurrencies.
As the popularity and value of digital currencies continue to rise the need for reliable and user-friendly crypto wallets increases.
Experienced app development companies like Imaginovation can assist in creating a powerful crypto wallet app that meets the demands of today’s users.
To develop a successful crypto wallet app it is essential to have a solid understanding of blockchain technology and utilize open-source libraries and APIs.
This ensures the app’s functionality and enhanced security measures.
Additionally studying competitors in the market can provide valuable insights into creating a unique and competitive product.
When building a crypto wallet app choosing the right technology stack is crucial.
Implementing features like two-factor authentication QR code scanner integration support for multiple cryptocurrencies push notifications and blockchain-based transactions can enhance the user experience and attract a wider user base.
In conclusion crypto wallet app development offers immense opportunities for those looking to capitalize on the growing cryptocurrency market.
By prioritizing security studying competitors and incorporating essential features you can create a powerful and profitable crypto wallet app.
Revolut is absolutely free to use as they don’t charge any fees for most of their services.
Can I Buy Cryprocurrencies on Revolut.com?
Revolut recently added cryptocurrencies to their platforms. You can buy cryptocurrencies like bitcoin, ethereum, litecoin, bitcoincash and ripple directly from the app. Their crypto offering is quite limited because only these 5 cryptocurrencies are available at the moment.
What’s even worse is that you cannot withdraw any cryptocurrency from Revolut. You can only buy, sell or transfer it to other revolut users. This makes Revolut a bad platform is you are interested in cryptocurrencies only.
However they do offer real time rates and you can track the performances of your cryptocurrencies. You can even set price alerts to get notified when a certain cryptocurrency reaches your desired price.
Alternatives To Revolut.com
If you want to get started with cryptocurrencies then we recommend picking one of the top rated bitcoin brokers here. The all offer a bigger number of cryptocurrencies. Or if you are interested in crypto trading then sign up with Binance (here is our binance review).
Should I Buy Bitcoin On Revolut?
Honestly you can’t really do much with the crypto you buy on Revolut. You can’t spend it, you can’t trade it. All you can do is to hold it and hope that its value goes up, or send it to somebody else.
Think about what your goals are when buying cryptocurrency and then decide if buying it from Revolut is the best choice.
How to Buy Cryptocurrencies on Revolut
To buy cryptocurrencies on Revolut simply download the app for free and sign up.
Once you have set up your account you can add funds in 36 different currencies or use existing crypto assets.
From there you can choose which tokens you want to buy such as Bitcoin Ethereum or Litecoin.
The minimum amount you can invest in Bitcoin is as low as $1.
Once you have purchased your desired cryptocurrencies you can choose to hold them in your Revolut account or trade them for other cryptocurrencies.
You also have the option to sell them for any of the 36 listed currencies.
It is important to note that Revolut securely stores the majority of customers’ funds in cold storage with trusted custodians ensuring maximum security for your investments.
Some say it is the future of digital transactions. Some just got scared of it, considering it as Water Bubble. Others named it “Magic Internet Of Money.”
What is exactly cryptocurrency? Why it’s taking the world by storm?
One out of five people knows cryptocurrency come up a side product of another invention. Developers of Bitcoin claimed that they came up with this cryptocurrency as Satoshi Nakamoto.
Satoshi announced Bitcoin in 2008, said that bitcoin is “Electronic money transaction between peer to peer network.” The primary goal is to invent digital currency without the intervention of the third party with a high-security transaction between peer networks.
Cryptocurrency is medium of exchange currency in digitally, here virtual currency completely control under government or any central authority, but cryptocurrency entirely there own thing which means we no need to go the bank to translation or process.
Satoshi tried to build a digital cash system without a central entity. Like a Peer-to-Peer network for file sharing. A blockchain is a public ledger of all transactions that ever occurred in Bitcoin peer to peer network. It’s completely decentralized with no server or central authority.
Then what is Bitcoin?
Bitcoin is first centralized digital currency, which has become incredibly famous among the rich and famous as well as those involved in the finance industry today.
Bitcoin relies on something called “the blockchain.” A simple way to understand. Bitcoin is a technology, its store’s data in a network of personal-systems called nodes. In blockchain technology, there is no decentralized system like a government or bank handling it. In blockchain technology systems are distributed with a chain or node of networks, which means all Computer network stores the same information.
How does Bitcoin work?
In nutshell bitcoins designed as a virtual coin, transactions made self-contained
In nature. Which means we need not go banks for monetary transactions.
Once you have bitcoins in your pocket, they act the role as some gold nuggets in your pocket. With bitcoins, you can do all kind of transactions to buy anything over online, or you can store them for future, which may eventually increase its value over the years. Bitcoin transactions made one personal wallet to other ones.
Here wallet means you can use the wallet as a small database which we can store in a personal computer drive, or your mobile phone, tablet or somewhere in the cloud.
The basics for a new user
If you are a new user, you can use bitcoin without knowing the technical details of bitcoin. Once you have registered a Bitcoin wallet on our mobile phone or computer. It will automatically create your bitcoin address after that you can also create multiple addresses whenever we need one.
Here we can share your addresses with your partners or friends. So that they can pay you or vice versa.
Actually virtual currency ( Bitcoin) works similar to how email works, except we can use bitcoin address must be used once only.
Features that will help your business grow:
1) Fast transactions
Today’s competitive world, everyone wishes to transfer their monetary transaction faster and quicker. But bank to bank transactions between nations is. It takes up to 5 business days to complete.
Small businesses and startups that cherish KPIs more than anything cannot wait that long. To overcome this delay in transactions, Cryptocurrency features were adopted by many innovative business groups.
2) Fraud-proof
When transaction made through cryptocurrency, all activated transactions are stored in a public ledger. All transactions are encrypted to ensure the authority of record keeping. Because the currency is no central authority, you own it. Either government nor bank has any control over it.
3) Lesser fees
While it is true that the elimination of a third party involved in the settlement, the money that the participants had to shell out for them would no longer be required. But at the same time, there would be a need to pay the fees of an online platform which would make bitcoin transactions work together. Albeit with much lesser prices than charged by intermediaries.
4) Accessibility
Did you know that today one in 3 Kenyans, can own a bitcoin wallet? Such individuals who can have access to smartphones and the internet, but do not have as much access to traditional cash, would be able to be involved in cryptocurrency.
5) Universal recognition
Being a digital currency, cryptocurrency doesn’t need to keep concerning any exchange rates, transaction charges or anything like that of other countries. This gives it a great appeal to make use of it on a universal level.
6) Quick Settlement
Cryptocurrency has any value because of Blockchain. Secured transactions with ease made cryptocurrency lead the market. All you need is a smart device, an internet connection, and instantly you become your bank making payments and money transfers.
7) International trade payments
The globalization process has removed the cross-border barriers for businesses. One can quickly sell or purchase anything from any part of the word. When it comes to payment process it is challenging, expensive, and time-consuming process with the traditional financial system. But cryptocurrency simplified this process. Using bitcoin one can transfer the payment within no time and at leas cost. Bitcoin encourages international trade through its hassle free and secure pattern.
So, thus although at its nascent stage, cryptocurrency sure shows many great opportunities and benefits for the future. From experts point of view, the features of cryptocurrency are not limited. As the research and developments are in progress, we can anticipate cryptocurrency provide us new features to grow business.
Bitcoin took the world by storm over the course of the last twelve months with the meteoric rise in its market value.
Bitcoin manages to reach new all time highs over and over again and make the headlines across the globe.
Bitcoin is no doubt innovative as a payment option, and it runs on Blockchain technology. You will learn how you can trade bitcoin even if you are just a beginner. Start making money with bitcoin and other cryptocurrencies.
Interested in buying Bitcoin and other crpyto? Check out the top rated brokers.
Bitcoin is a cryptocurrency, which was created in 2009. The creator is known under the alias Satoshi Nakamoto and nobody know who he really is.
Why Bitcoin?
What makes cryptocurrency unique, is that there are no middlemen like banks. However bitcoin transfers are a lot faster and a lot cheaper than bank wires.
How To Trade Bitcoin – Buying Your First Bitcoin
Bitcoin can be bought in a variety of ways depending on where you live on earth. Trading Bitcoin has become very popular – millions of dollars are being traded every day. The following options are widely used:
Bitcoin Brokers (Recommended For Bitcoin Traders)
You can buy/sell Bitcoin and other cryptocurrencies on these cryptocurrency brokers. The big advantage of the brokers is that they are regulated in the European Union and other countries. This means that your funds are safe. The support is also great and you have a variety of deposit methods. The disadvantage is that you can’t withdraw your crypto. You can trade is on the broker and withdraw fiat money (USD, EUR etc.) when you wish.
Bitcoin Exchanges
Bitcoin is usually bought by using an exchange. In any of the exchanges like Coinbase, Binance or Kucoin, you need to provide your personal details to register an account and be validated. While Coinbase is restricted to users from America and a few countries, you can register on Poloniex and Binance from other countries.
Peer-to-Peer Avenues
Peer-to-Peer avenues like LocalBitcoins give you an opportunity to buy Bitcoin. You will need to register an account on the platform to be able to use the platform to buy Bitcoin. Sellers and buyers are registered on LocalBitcoins to facilitate Bitcoin trading.
Bitcoin ATM
Bitcoin ATMs are increasingly becoming a glaring feature in major global cities. In America, Europe, Asia and South Africa, there are Bitcoin ATMs that give you a chance to buy Bitcoin. You need to have your Bitcoin account barcode scanned at the ATM to buy the quantity of your choice. If there is a Bitcoin ATM around where you live or visit, you can locate it on Google Map and buy your Bitcoin with ease.
Google Map of Bitcoin ATMs in New York City
Mobile AppsBuying and Trading Bitcoin is now easier than ever before with several apps on mobile phones now making it easier to do so. The Square app can be used to buy and sell bitcoin on your mobile phone.Several other apps have a similar function, and they can be downloaded from Google Play and Apple iStore.
According to recent data, only 8,5% of the traders are female investors. Maybe the reason for this is that men are more interested in new technologies. Over the next 2 years, the percentage of female investors is expected to double.
How Beginners Can Make Money With Bitcoin Trading
It’s very easy to get started with bitcoin trading. You can either deposit money to an exchange and trade it there, or you can sign up with a regulated cryptocurrency broker and discover the huge variety of bitcoin trading options.
If you are only interested in trading bitcoin and other cryptocurrencies, then signing up with a broker is probably the best choice.
Statista.com Image -Global Spread of Bitcoin Usage
Bitcoin has come a long way since it was first introduced in 1998, and it has become a global currency without boundaries. The value of Bitcoin is universal, and it is accepted as a means of payment in many countries on earth. The popularity of Bitcoin has given rise to alternative coins (or altcoins) like Ethereum, Bitcoin Cash, Ripple, among others.
You can shop online and buy a range of goods and pay for services with Bitcoin. Many merchants accept Bitcoin as a means of exchange, and this has become easier with the issuance of Bitcoin debit cards.
The bandwagon effect of Bitcoin has led to a growing acceptance of the altcoins, and this can be seen in the increasing market activity. For example, ethereum price leaped to its highest peak of $1,389 on January 15, 2018 as the demand for it exploded. Bitcoin is accepted by businesses like Microsoft, Dell, WordPress, and PayPal.
Answers to Important Questions – There are some important questions that newbies always ask about Bitcoin. Here are the major ones you should know:
Altcoin stands for ‘alternative coin’. Bitcoin being the first crypto coin, it is not an altcoin. All other coins, but Bitcoin are altcoins (ex. Monero)
There are several ways to make money with bitcoin. A few of them are: trading or long term investing
Who Created Bitcoin?
Bitcoin arose from the innovative work of Satoshi Nakamoto, who laid out the specification and operating methodology.
Satoshi did not create Bitcoin alone, as he worked with other developers on the project. As a result of this approach, Bitcoin operates as an open source and decentralized platform.
While many people have wondered whether Satoshi was a pseudonym or a true identity; the answer remains unknown.
Other collaborators on the Bitcoin project are Gavin Andresen, Jeff Garzik, Mike Hearn, among others.
Bitcoin is definitely the outcome of a painstaking work that includes the footprints of several people.
Bitcoin is created when a computational difficulty is solved on the Bitcoin Blockchain, and this is rewarded through block rewards. Block rewards are given to miners who successfully completed the recognized process that gives rise to a Bitcoin.
Block rewards are not arbitrary as they are subject to a verification process built-in as a part of the Bitcoin algorithm.
What Drives The Price of Bitcoin?
Bitcoin derives its price from the interplay of the forces of demand and supply. As people increasingly acquire it, the price soars and the inverse leads to a price drop as demand reduces. Bitcoin can then be seen in the likeness of gold or diamond that is scarce in supply.
Bitcoin is limited in supply to the tune of only 21,000,000, and about 17,000,000 of these are in supply at present. It is not known if any change can be made successfully to the underlying framework of Bitcoin; otherwise, it has a fixed supply.
Is Bitcoin & Bitcoin Trading Legal?
Bitcoin has attracted lots of controversies in the course of the last few months as a result of concerns and misrepresentations. The United States, Europe, and several countries have accepted Bitcoin as legit, and efforts are being made to regulate it. This is not to say that it faces opposition in a couple of countries.
In China, Bitcoin is illegal, and South Korea has also imposed a couple of restrictions on it. A few other countries have come up with laws to restrict its use. However, an overwhelming number of countries are open to Bitcoin.
Are Bitcoin Transactions free?
One important aspect of Bitcoin transactions is the fact that it also attracts transaction fees. While the fees charged might vary according to the processor, transacting in Bitcoin is not free. When you buy Bitcoin, you have to pay trading fees, and if you exchange it for fiat money, you will incur charges.
What is a Bitcoin Account Like?
Bitcoin is stored in an account that you can liken to a Bank account. The difference is that unlike a Bank account, your Bitcoin account is a virtual Bitcoin wallet. There is a unique address for each Bitcoin wallet that is created, and you can use it globally.
On a trading exchange, when you create your account, your Bitcoin wallet address is automatically created. You can choose to leave your Bitcoin on the exchange for trading or withdraw it to a private Bitcoin wallet. There are hardware, online, mobile, paper, web, brain, multi-sig, desktop wallets for Bitcoin.
There are different kinds of non-exchange wallets that you can use to store your Bitcoin for security purposes. Every wallet has a public wallet address and a private key used for accessing it. Your private key is like your password for emails.
Can I Lose My Bitcoin?
Bitcoin is safe if you have it stored in your private wallet. There is a difference between storing your Bitcoin in your trading exchange wallet and a private wallet. Your trading exchange wallet is considered to be risky to store your Bitcoin.
When hackers attack exchanges or there is a system breakdown, you can lose access to your Bitcoin. To prevent this, it is advisable to use a hardware wallet for storage. Trezor and Ledgerwallet are two of the best known hardware Bitcoin wallets.
You can also lose your Bitcoin if you send it to a wrong address. It is important that you use ‘CTRL C’ on your keyboard when copying a recipient’s address. If you send Bitcoin to an unknown address, there is no way to claim it back at present.
How Does Bitcoin Mining Work?
Bitcoin can be mined by anyone who is interested in doing so. There are a few options when it comes to mining Bitcoin. You can decide to buy a mining gadget for that purpose and this is a common practice in many countries.
While the profitability of the mining exercise also depends on the market price of Bitcoin, the electricity implications have to be evaluated. As Bitcoin surges in market price, mining becomes more lucrative, and a crash in market price also means that you could incur losses.
You can also decide to use your PC for Bitcoin mining, and this will require that you download a Bitcoin mining extension by using your browser. Using a browser extension for Bitcoin mining is a rather passive means to earn an income. You will be credited a share of the Bitcoin mined with your browser by the service provider.
What Is A Blockchain?
An understanding of the Blockchain is equally important for anyone who is keen to follow-up on its underlying basics. Blockchain is best described as a distributed ledger that operates within a decentralized network of linked computers, nodes and devices.
There is no central control over the Blockchain, and it can be accessed anywhere around the globe.
The use of Blockchain extends across several spheres of human endeavor from medicine to shipping, payment systems to database validation, etc.
Payroll processing, invoice management, and Insurance are some of the other facets of life that are revolutionized by the Blockchain. Bitcoin value in itself can be traced to the transparency, traceability, and auditable nature of the Blockchain.
The outlook for Bitcoin looks bright with many countries opting for regulation instead of a ban. This perception is a green light for many people as they look out for ways to share in the Bitcoin boom. Evidently, Bitcoin will wax stronger in the days ahead.
How to Trade Bitcoin: Strategies and Technical Analysis
Trading bitcoin can be a profitable venture if approached with the right strategies and technical analysis.
While the previous section discussed the basics of buying and selling bitcoin it’s essential to understand how to trade it effectively.
One important aspect of trading bitcoin is technical analysis which involves using various indicators and tools to identify potential entry and exit points.
Technical indicators such as moving averages trendlines and candlestick patterns can help traders make informed decisions based on market trends and price patterns.
Additionally understanding support and resistance levels can help determine when bitcoin may struggle to break through or drop below certain price points.
Finally risk management is crucial in bitcoin trading and traders are advised to only invest a small percentage of their overall trading capital on each trade.
By implementing these strategies and conducting thorough technical analysis traders can increase their chances of making profitable bitcoin trades.
Exchange Traded Funds are one of the best ways to diversify your investment portfolio as provide exposure to a multitude of different markets and industries – but then, so do mutual funds.
So if you were to choose one over the other, how would you go about it?
Of course, you could invest in both simultaneously if you have an ample of amount of dough to spend. However, that is not the case with a lot of traders.
So in this article, we try and explain the reasons why you might fancy investing in ETFs over any other alternative.
As far as investment portfolio diversification and exposure goes, we often see ETFs and mutual funds being listed alongside each other as very strong investment strategies.
That is because, in a number of key ways, they are quite similar. But crucially, in a number of key ways, they are also very different.
ETFs trade in the same way as stocks do and can be traded any time during the day. That affords them with a number of attractive qualities that mutual funds simply do not have.
Reasons to Invest in ETFs
Here are some of the key reasons why you would want to invest in ETFs exclusively.
1. Flexibility
ETFs cover a wide variety of markets and industries. In fact, some of them even represent the economy of an entire nation. The main benefit of this kind of diversity is that it effectively allows investors to ‘hedge’, relying on one investment to compensate for the risk associated with another.
But it is not merely with investing that ETFs offer flexibility. That quality is also present in the transactions. Since ETFs trade like common stocks, there are no time constraints on when they can be purchased or sold. To put that into context, if you wanted to short sell a mutual fund, you could be liable to pay penalty which could be as high as 1% of your initial investment. And the early sale period could be as long as 90 days after the purchase.
2. Low expense ratios
Owning and managing an ETF can be remarkably less costly than doing the same with a mutual fund. One study shows that in most categories, ETFs have expense ratios that are lower than mutual funds.
That said however, investors who prefer mutual funds will point out that the sum of commissions for all transactions combined with the scale of the bid-ask spread is enough to nullify the benefit of having a low expense ratio. Incidentally, these are both costs that do not apply to mutual funds.
3. No minimum purchase
If you have had prior experiences with investing in mutual funds, you will be aware that a lot of them have a minimum purchase amount which can be anywhere between $100 and $3000, maybe more. In fact, it is not unheard of for a minimum purchase to be as high as $50,000.
Fortunately, there is minimum purchase amount attributed to ETFs. You can literally invest in one share at a time if you want to.
4. Lower taxes
Once again, ETFs out-cheap mutual funds when it comes to capital gains taxes mainly because of the way each trade is structured. With a mutual fund trade, capital gains taxes are applied immediately whereas with ETFs, those gains are not realized until after the securities are sold along with the whole fund. That makes them a lot more cost-efficient when it comes to taxes.
5. Derivatives
When managing your portfolio, it is important to focus on risk management as well as diversification. A lot of ETFs offer plenty of useful tools to control risk including futures contracts, options, and swaps. So chances are, you can find a fund where you can hedge your bets with call or put options, or trade with option straddles.
However, some ETFs do actually contain options and futures in which case you should find out about how they may affect your trading strategy and the amount of risk involved.
Conclusion
These are just some of the many benefits you can have by trading ETFs over their alternatives. These benefits have been a driving factor in the popularity of ETFs since the early nineties and they continue to be so even today.
Broker founded in 2010 and based out of Australia, Pepperstone is one of the forerunners in the online broker business mostly thanks to its innovative and intuitive trading platform among other benefits.
But of course, with most traders, all that counts for nothing if it is not licensed by a recognized government agency.
Fortunately, Pepperstone’s services are licensed and regulated by the Australian Securities & Exchange Commission. All operations are run online. Headquarters are located in Melbourne with additional branches in Dallas, Texas, and Shanghai.
How important is Pepperstone in the online trading community? Quite a big deal actually. In 2014, it was named by the BRW magazine as the fastest growing company in Australia and was also a winner at the Governor of Victoria Export Awards.
Pepperstone Trading Accounts
Pepperstone allows traders to manage multiple accounts. The Edge standard account is designed for regular traders. It contains Institutional Grade STP Spreads and is free of any commissions.
Meanwhile, the Edge Razor account is for more EA and advanced traders. It has Raw ECN spreads from .1 pips. The commission rate for this type of account is $3.5 per 100k trade.
The Pepperstone Platinum account is meant for active traders and institutional partners of the broker. The Platinum account is so called as it offers an improved range of services and execution of ECN EDGE.
Muslim traders have access to an Islamic account where the swap rate is activated whenever positions are being held overnight without generating any interest in the forex trades.
Finally, there is the demo account which allows you try out the services of the broker without actually risking your own money. This makes a broker so much more accessible to novice traders hoping to learn how the game is played. What’s more, Pepperstone’s demo account uses the famed MT4 trading platform.
As mentioned earlier, you can manage multiple accounts at the same time, in which case you can make use of Pepperstone’s Multi Account Manager. Moreover, each account allows you to trade a diverse array of trading assets from currencies to commodities and even soft commodities.
Pepperstone’s Main Features
We have mentioned the Edge environment a few times now and it is one of Pepperstone’s most attractive features. It is actually the most the advanced assimilation of forex technology in the world. It has the capacity to execute trades at light speed while keeping the accompanying spread as fat as a piece of fine string. What’s more, traders can use the EDGE environment to trade ECNs on the MT4 platform directly.
Another crucial benefit afforded by the EDGE environment is an uncanny level of market depth, a definite clincher for forex traders. Any given block order or scalping goes into the market with best possible price efficiency.
Moving on to Pepperstone’s electronic trading system, it has been formed out of a collaboration between the broker and Equinix – a NASDAQ listed firm – and features a state of the art infrastructure for forex trading.
Pepperstone also gives access to several auto trading and social trading systems such as MyFXBook, AutoTrade, RoboX, MirrorTrade, ZuluTrade, and MT4 signals, all of which allow you to accurately copy systems of other traders.
The minimum initial deposit for opening an account with Pepperstone is $200 with leverage going up to 1:400.
A lot of brokers will require you to download and install their platform before using it. But Pepperstone Webtrader allows you direct access to your MT4 account with no prior need for a download or installment. The platform is compatible with most of today’s major operating systems like Mac, Windows, Linux, and OSX.
Deposits/Withdrawals
You can make deposits to your Pepperstone account with a variety of payment options such as credit/debit cards, bank wire transfers, and of course online applications like Neteller, Skrill, WebMoney, and Qiwi.
To make a withdrawal, you must first fill in a withdrawal form online. Withdrawals made via bank wire transfer usually take between 3 to 5 days to be processed.
Conclusion
As a broker, Pepperstone really does bring a lot to the table. Not only does it allow traders to use the very latest in forex trading technologies, it is also backed by a 24-hour customer support team that communicates with clients in multiple languages. It is about as good as a broker gets these days.
Pepperstone a regulated forex and CFD broker based in Australia offers a wide range of tradeable markets and good-quality research.
With access to multiple social copy trading platforms and platforms like TradingView cTrader and MetaTrader Pepperstone caters to the needs of various traders.
While the broker has a minimum deposit requirement of $200 and a Trust Score of 95 out of 99 its competitive pricing for active traders on Razor accounts and average trading costs for retail traders make it appealing to traders of all levels.
Pepperstone also offers a suite of Smart Trader Tools plugins and access to other trading tools like Capitalise.ai Autochartist and API trading.
With a good balance of research content market news analysis and third-party tools Pepperstone provides a comprehensive trading experience.
Overall Pepperstone is a trusted and reputable broker that offers a strong platform with a wide range of markets for forex and CFD traders.
Cryptocurrencies have emerged as a means of a digital substitute as compared to conventional modes of exchange, such as cash or credit credits and have liberated a distinct point.
In the beginning, it seems to be unfamiliar and somehow different as the credit card appears to the users in the earlier times. It appears to be a good source for the kidnappers, fraudsters and offenders who most of the times are indulged in ransomware dodges.
Though, with the increase in the Bitcoin value, the cryptocurrency has become as a feasible mechanism. The positive buildup encompasses the blockchain innovation that backs it up and may have a positive effect on the wallets and trading practices of standard financial specialists around the world.
In this article, you will have an insight on cryptocurrency and why it is considered as a workable option to more established forms of trade.
Transactions
In conventional business transactions, agents, legal representatives and brokers may add substantial inconvenience and cost to have a clear transaction. There is paperwork, commissions, brokerage fees and some quantity of other particular conditions which might apply.
One of the upsides of Cryptocurrency transactions is they are balanced undertakings and occurs on shared systems networking framework. This results into a great amount of clarity in setting up assessment trails, less misunderstanding over who should pay to whom and better accountability. In that, two parties are included in a transaction and each knows their identity.
Transfer of Assets
The Blockchain cryptocurrency seems like great property rights database, which is used to implement and authorize two-party contracts on goods, such as automobiles or land. But, the blockchain cryptocurrency biological system may likewise be used to encourage expert methods of transfer.
For instance, Cryptocurrency contracts can be intended to include third-party consents, create a reference to outer evidence or be finished at a predefined time or date later on. As you are a Cryptocurrency holder and have restricted authority of your account, this reduces the cost and time included in making transfer of assets.
Transaction Fees
Transaction fees can make some substantial bit from your assets, particularly in the case when you are performing out a considerable measure of transactions in a month.
Transaction fees don’t apply because the data miners, which do calculations that creates Bitcoin and other cryptocurrencies get their pay from cryptocurrency network.
Some of the external expenses are included if you receive the services of third-party administration for maintaining your cryptocurrency wallet. However, another upside of cryptocurrency is that they are still liable to be significantly less than the transaction charges incurred by customary financial frameworks.
Great Accessibility to Credit
Internet and digital transfer of data are the media encouraging the trade in cryptocurrencies. So, these administrations are accessible to any individual who has certain knowledge of cryptocurrency network, a feasible data connection and prepared access to their significant portals and websites.
It has been assessed that there are currently billions of people all over the world who have access to mobile phones or Internet but do not have access to conventional frameworks of trade or banking. The cryptocurrency biological system holds the possibility to make transaction and transfer of asset procedure accessible to this huge market of willing shoppers when the required framework is set up.
Easier International Trade
As an unrecognized legal tender on a national level, cryptocurrencies are not subjected to trade rates, transaction charges, interest rates or other charges imposed by a particular nation. By making use of a shared instrument of blockchain technology, cross-border transactions and transfers might be conducted without confusions over currency trade fluctuations and so forth.
Individual Ownership
In the conventional banking system, you adequately turn stewardship of your assets over to an outsider that can practice the influence over your assets. Accounts might be closed down without any notice for intrusions because the account holder passes through many difficulties in the system.
Possibly, the best of all advantages of cryptocurrency is that till you have assigned administration of your wallet over to an outsider administration, you are the sole proprietor of the corresponding public and private encryption keys that make up your cryptocurrency identity or address.
Strong Security
When a cryptocurrency transfer gets approved, it can be turned around as on account of the ‘charge-back’ transactions permitted by credit card organizations. This is a fence against misinterpretation that requires a particular agreement to be made between a purchaser and seller with respect to discounts in case of a mistake or returns policy.
Strong encryption frameworks used all through the blockchain and cryptocurrency transaction procedures are a protection against fraud and account altering and assures consumer privacy.
Without a doubt, cryptocurrency is a concept which seems to further increase in the years to come.
About Author:
Robert Bint is senior editor at Bitex.Global; which is pioneer in cryptocurrencytrading & exchan ge. He enjoys creating, uncovering a nd disseminating new and interestingperspectives in the cryptocurrency trading industry.
If you have taken at least a momentary glance into online trading operations, you will likely have heard something about cryptocurrencies and their associated terms.
One of the main reasons that drive the popularity and in some cases, the infamy of cryptocurrencies, is their capacity to bring in a huge profit or a catastrophic loss to traders.
This is no free for all party, you do need the right skills and a little bit of luck if you are going to – well, get lucky.
Unfortunately, understanding the nature of cryptocurrencies and how they operate is far from the simplest thing in the world. But give yourself enough time you will get the hang of it, and eventually the confidence, to start trading.
How to Trade and Invest Cryptocurrencies
The first thing to know about cryptocurrencies is that they carry a lot more value compared to their fiat counterparts. For example, the price of a single Bitcoin currently hovers well over $8000, and that value keeps changing unpredictably.
It is important to make a clear distinction between investing in cryptocurrencies and trading them. Investing simply refers to the purchase of a particular cryptocurrency, holding onto it, and then selling it when the price goes up.
Trading cryptocurrencies, on the other hand, is a lot similar to your typical forex trade. It involves trading one cryptocurrency in exchange for another or fiat currency via a cryptocurrency exchange. It is common for traders to swap cryptocurrencies in order to maintain the highest market value.
Is It Real Money?
Being a fairly recent arrival to online trading, cryptocurrencies are not quite a widely accepted means for trade although their industry is already so profitable. The forerunners like Bitcoin are introducing the concept to more and more people which may eventually normalize day-to-day trading with virtual funds. Bitcoin is by far the most prominent cryptocurrency in existence but since its launch back in 2009, it has seen the rise of hundreds of competitors desperate to knock it off the top spot.
The rest of these cryptocurrencies are known collectively as altcoins and a few of them like Ethereum represent a very real threat to Bitcoin’s position on the charts, especially given that they offer some unique features that are not available to Bitcoin users.
Government Regulation
Cryptocurrency networks like Bitcoin are essentially decentralized meaning they do not answer to a central authority like a bank or government.
Predictably, this does not sit well with the administrations of some nations. In a country where mining Bitcoin is illegal, miners tend to continue their work underground and mine other cryptocurrencies if they prove to be safer and more profitable.
There is also a lot riding on the decisions made by the NFA or SEC. The value of some cryptocurrencies could change dramatically based on such decisions. As a general rule, you would be better off trading a cryptocurrency that is not likely to be blacklisted by your local government. To do that, you would have to keep in touch with the political atmosphere of the government.
Is Trading Cryptocurrencies Worth Your While?
Maybe. Maybe not. It really is your own determination that will help you make it as a trader. It certainly carries the prospect of a very good payday but is also accompanied by risks that are just not justifiable to some traders. Some even say that cryptocurrencies will be all but irrelevant in the new future but for now, no one can really know for sure.
Whatever you think about trading cryptocurrencies, never lose sight of the golden rule, ‘Do not invest more than you can afford to lose.
That way, if things do go terribly wrong, you will have sustained a loss but more importantly, you would still remain afloat financially and be ready to play a second hand. As unpredictable as these cryptocurrencies are, there is certainly a lot to learn that could help your chances. And no one is a veteran here. It has not even been 10 years since the first ever cryptocurrency network, Bitcoin, arrived on the scene.
Conclusion
Trading and investing in cryptocurrencies is a growing trend in online markets today. While they do represent certain considerable risks, they have also proven to churn out worthy profits for those traders that have gambled on them.
Trading forex, also known as foreign exchange can be an exciting hobby which can earn you an extra coin.We will teach you how to start forex trading even if you are a beginner.
No, many people actually rely on forex as the main source of income. To prove this is the rise in the amount of money that is traded on forex market trades on each day.
One can trade on foreign currencies in many ways through the available platforms online. Check out our top rated forex brokers.
Here are 7 simple steps on how to trade forex for beginners:
1) Examine the Trading Position
First, you need to take a look at the trading position of the country you are willing to trade the currency.
For instance, if the country produces many products that are constantly in demand, then there are high chances that the exported goods will help the country make good money.
A boost to a country’s trade in most cases translates into a boost in the value of the country’s currency.
2) Find out on the Country’s Economic Reports
Secondly, do a research on the economic reports of the country in question.
You can find comprehensive information by looking at the country’s GDP reports as well as reports on other important factors like inflation and employment status.
All these are likely to influence the value of the currency of the said country.
3) What Are The Possible Economic Trends?
Predict the economic trends of the country. For instance, should you feel that England’s economy will weaken, then you ought to know that this will cause a negative impact on the EUR, then it will be prudent to sell the EURs in exchange for a currency whose the economy is much stronger and may be more stable.
4) Study the Political Weather
Look at the country’s political climate. Should the country be in an election year, then there are two possibilities.
If the win goes to a leader who has great fiscal agenda then the value of the currency is likely to go up.
In many cases, the new governments will want to make the trading environment friendlier during such times, if this happens more people will venture into the trade markets something that is likely to boost the value of the currency in question.
5) You Will Be Calculating Profits, Learn How To
Learn how to calculate the possible profits. To avoid unnecessary losses as a beginner, then consider opening a demo trading account where you can do calculations using virtual funds.
Profits are calculated by determining the number of pips between a currency pair. A pip is a difference in value between two currencies that are in a currency pair.
In many cases, a pip is equivalent to 0.0001. This means that if a currency pair of EUR/USD moves from 1.354 to 1.356 then your pair has moved by 10 pips.
In order to know how much you have earned, you will need to multiply the number of pips earned from your account times the exchange rate. The result of this calculation is the indication of how much value has been gained or lost by your account.
6) Choose a Trusted Dealer
You also need to be careful as you select your preferred broker or dealer. The company has to be led by professionals who knowwhat they are doing.
We pride ourselves as a regulated dealer with a wide array of products at your disposal. We will also offer demo trading account which will help you in gaining some experience before you trade in real money.
7) Do a Research on the Available Account Types
Get information on the available accounts. Note that you can choose to register for a personal account where your trades are yours to make or a managed account where the dealer will offer insights and make the trade on your behalf.
While still on the account opening details, be sure to inquire about the associated costs such as the cost of transferring funds from a bank account to your forex account.
As proof of the account opened, you can ask for documentation. This can always be sent to you by email.
The next step is to activate your account. This is the final step to you accessing your account. The access link will be sent to you by the broker by email.
Follow the link and all the instructions and you are good to start trading.
Always remain calm, remember to always analyze the market before casting the dice.
If you want to get started with cryptocurrencies then we recommend picking one of the top rated bitcoin brokers 
Bitcoin is a cryptocurrency, which was created in 2009. The creator is known under the alias Satoshi Nakamoto and nobody know who he really is.
Bitcoin arose from the innovative work of Satoshi Nakamoto, who laid out the specification and operating methodology.
Bitcoin has attracted lots of controversies in the course of the last few months as a result of concerns and misrepresentations. The United States, Europe, and several countries have accepted Bitcoin as legit, and efforts are being made to regulate it. This is not to say that it faces opposition in a couple of countries.
Bitcoin can be mined by anyone who is interested in doing so. There are a few options when it comes to mining Bitcoin. You can decide to buy a mining gadget for that purpose and this is a common practice in many countries.
