Trading vs. investing – what’s the difference?

Cryptocurrency is a digital alternative to using credit cards or cash to make everyday payments in a variety of situations. It continues to develop as a viable alternative to traditional payment methods, but it still needs to become more stable before it is fully accepted by ordinary people. Let’s take a look at some of the many benefits of using cryptocurrency:

Fraud – Any issue of fraud is minimized as cryptocurrency is digital, which can prevent reverse or counterfeit payment. This type of action can be a problem with other traditional payment options such as credit card due to chargebacks.

Identity Theft – You don’t need to give out personal information that could lead to identity theft when using cryptocurrency. If you use a credit card, the store receives a lot of information related to your credit line, even for a very small transaction. Also, paying with a credit card relies on a withdrawal transaction that requires a specific amount from an account. When paying in cryptocurrency, the transaction is push-based, giving the account holder the option to send only the exact amount due without any additional information.

Versatile use – payment can easily be made with cryptocurrency to meet certain conditions. A digital contract can be created to make a payment that is executory at a future date, to refer to external facts, or to obtain approval from a third party. Even with a special contract, this type of payment is very fast and efficient.

Ease of access – the use of cryptocurrency is widely available to anyone with access to the Internet. It is becoming very popular in some parts of the world, such as Kenya, where nearly 1/3 of the population uses a digital wallet through the local microfinance service.

Low Fees – It is possible to complete a cryptocurrency transaction without having to pay any additional fees or charges. However, if a digital wallet or third-party service is used to hold the cryptocurrency, there will likely be a small fee.

International trade – this type of payment is not subject to country-specific levies, transaction fees, interest rates or exchange rates, making it possible to make cross-border transfers with relative ease.

Adaptability – with nearly 1,200 unique types of cryptocurrency on the global market, there are many options for using a payment method that fits specific needs. While there are many uses for the coins for everyday use, there are also those designed for a specific use or in a certain industry.

Investors from all over the world are trying to profit from the volatile Forex market by trading the cryptocurrency Bitcoin. Well, it is quite easy to get started with online trading, but it is important to know that there are risks that you cannot ignore.

As with any speculative or stock market, Bitcoin trading is also a dangerous endeavor that can cost you a lot of money, especially if you don’t do it right. That is why it is important to know about the risks involved before you decide to start with it.

If you are a beginner interested in Bitcoin trading, then you will need to understand the basics of trading and investing first.

Avoid common mistakes that new traders tend to make

Invest wisely

Any financial investment can bring losses instead of profits. Likewise, with the extremely volatile Bitcoin market, you can expect both gains and losses. It’s all about making the right decisions at the right time.

Most of the beginners tend to lose money by making wrong decisions which are usually driven by greed and poor analytical skills. Experts say that you should not enter into a trade if you are not prepared to lose money. Basically, such an approach helps you mentally deal with the worst possibilities.

Diversify the portfolio

First, successful traders diversify their portfolios. Risk exposure increases if the majority of your funds are allocated to one asset. It becomes more difficult for you to cover losses from other assets. You cannot afford to lose more money than you have invested, so avoid investing more funds in limited assets. This will help you keep negative trades going to a great extent.

Second, investing more money than you can afford will also cloud your ability to make good decisions. In most cases, you will be forced to choose a “desperate sell” when the market drops slightly. Instead of weathering the market downturn, the investor who has invested too much in the deal is bound to panic. The person will feel the urge to sell the holding at a low price in an attempt to cut losses.

You will also lose more money when the market recovers. This is because you will have to buy the same retention but at a higher price.

Set goals – Emotions make you blind

Setting goals for each transaction is vital when trading bitcoins. It helps you stay calm even in extremely volatile conditions. Therefore, you will need to determine the price first to stop your losses.

The same rule applies to profits, especially if you let your greed get the better of you. The benefit of setting goals is that you can easily prevent yourself from making decisions based on emotions.

Instead, you should work on improving your chart reading and market analysis skills. It is also recommended that new traders close their losing positions after 24 hours to avoid paying recurring interest.

These days, the global economy is just moving towards a full digital ecosystem and hence everything starting from remittances to investments is going paperless. And cryptocurrency is the latest as well as the most capable addition to the field of digital payments. Cryptocurrency is basically a medium of exchange like normal currencies like USD, but it is mainly designed to exchange digital information. And here are some of the reasons why cryptocurrency has become so popular in the recent past.

1. Asset Transfers: Financial analysts often define cryptocurrency as a method that, at some level, can be used to enforce and enforce bilateral contracts for goods such as real estate and cars. In addition, the cryptocurrency ecosystem is also used to facilitate some specialized transfer methods.
2. Transactions: In conventional methods of business dealings, legal representatives, agents and brokers can add large costs and enough complications to even a simple transaction. In addition, there are brokerage fees, commissions, paperwork and some other special terms and conditions that may also apply. On the other hand, cryptocurrency transactions are individual affairs that mainly take place in some peer-to-peer network structure. This leads to greater clarity in creating audit trails, greater accountability and less confusion when making payments.
3. Transaction Fees: Transaction fees often take enough of a person’s assets, especially if the person makes many financial transactions each month. But since data miners perform number processing that mainly generates different types of cryptocurrencies, they get compensated by the involved network and hence transaction fees never apply here. However, you may be required to pay a certain amount of external fees to engage the services of third-party management services to maintain the cryptocurrency wallet.
4. A more confidential transaction method: With credit/cash systems, the complete transaction history can become a reference document for the participating credit agency or bank every time you make a transaction. At the simplest level, this can involve checking account balances to ensure there are sufficient funds. But in the case of cryptocurrency, every transaction made between two parties is considered a unique exchange where the terms can be negotiated and negotiated. Moreover, here the exchange of information is done on the basis of “push”, where one can send exactly what he wants to send to the recipient. This thing fully protects the privacy of the financial history as well as the threat of identity or account theft.
5. Easier global trading system: Although cryptocurrencies are mostly recognized as legal tender at the national level, they are not subject to interest rates, exchange rates, transaction fees or any other levies imposed by any particular country. And by using the peer-to-peer method of blockchain technology, transactions and cross-border transactions can be done without any complications.
6. Greater access to credit: The Internet and digital data transfer are the media that facilitate the exchange of cryptocurrency. Hence, these services are available to people with knowledge of cryptocurrency networks, a working data connection, and instant access to relevant portals and websites. The cryptocurrency ecosystem is capable of making transaction processing and asset transfer available to all comers once the necessary infrastructure is in place.
7. Strong security: Once a cryptocurrency transfer is authorized, it cannot be reversed like the “chargeback” transactions of various credit card companies. This can be a hedge against fraud, which should make specific agreements between sellers and buyers regarding refunds for a return policy or a transaction error.
8. Adaptability: There are about 1,200 types of altcoins or cryptocurrencies in the world today. Some of them are a bit ephemeral, but an appropriate proportion is used for specific cases that depict the versatility of this phenomenon.

We all knew a time when 1 Bitcoin was worth more than $13,000, then suddenly it just crashed and now it’s only worth $6,000.

People never seem to know and understand the reason behind these declines and I will explain it to you.

There was a total amount of Bitcoin generated from the beginning by the developers in the beginning and as it became valuable there was a need to generate more of it. Did you all get it wrong? Let me explain better.

So imagine that from the very beginning Bitcoin developers generated 10,000,000 Bitcoins in the beginning. Now these 10,000,000 BitCoins spread to individuals, so when 10,000,000 BitCoins were already owned by individuals around the world, their value began to increase.

Now the developers saw that their crypto currency gained more value but less people owned it, there was a need to generate more of it so more people could own it.

And what better way is there to generate more Bitcoin?

If

1 Bitcoin = $13,000.

Then

10,000,000 BitCoins = $130,000,000,000.

So there’s $130,000,000,000 on the internet.

Then the idea came to the developers!!

Let’s crash the price of BitCoin, use the remaining amount to generate more BitCoin.

It is:

Since BitCoin has built $130,000,000,000 on the internet, lower the price and generate more.

I mean

1 Bitcoin = $13,000 then now

1 bitcoin = 6000 dollars

So from 1 BitCoin 2.2 BitCoins can be generated.

Now the question is where is the newly generated Bitcoin?

It’s all over the internet!!!

On any website you enter.

It’s on every social media platform.

Everywhere in the world!!

It’s in North America.

It’s in South America.

It’s in Africa.

It’s in Asia.

It’s in Europe.

It’s scattered everywhere!!!

All you have to do is start mining.

Now how to start mining this crypto currency?

There are many Bitcoin mining software out there, I will recommend Web’Miner.

This is a software developed by an organization in China “Soft Tech Geeks”. I have used it a lot, I dig it all the time and I get a lot out of it.

Some will say why am I sharing it now?

Some will say, if it’s so easy, why isn’t it just mine? So you can get it all to yourself.

Well, the developers are smart, they put a limit on mining. The idea was not for one person to own it or a certain group of people.

The idea was that anyone, anywhere in the world could own this crypto currency.

If you need help mining Bit Coin, you can get in touch

SOFT TECHNOLOGIES

softtechgeeks@gmail.com

thanks

Cryptocurrency

A cryptocurrency is a digital currency. Also called virtual currency. It is a digital asset that processes its transactions using cryptography, cryptography is used impenetrably and validates transactions. In many countries, cryptocurrencies are used as alternative currencies. Bitcoin was added in 2009 as the first decentralized cryptocurrency. After that, many different cryptocurrencies appeared on the market. These are commonly known as altcoins. These currencies use decentralized governance as a counterweight to centralized digital money and central banking systems.

Distributed governance uses the Bitcoin blockchain transaction database as a ledger. An encryption device generates a decentralized cryptocurrency at a predetermined price that is communicated to the public. In centralized banking and the Federal Reserve system, boards of directors or governments manage the supply of currency by printing units of money, and exchange is done with digital passbooks. However, in a decentralized cryptocurrency, companies or governments cannot create new entities or provide support to different companies, banks or companies that own an asset.

The Satoshi Nakamoto Group created the main technical gadget for decentralized cryptocurrencies. By September 2017, almost a thousand cryptocurrencies were created, most of them comparable to Bitcoin. In cryptocurrency systems, security, integrity and ledgers are maintained using a team of mutually suspicious parties known as miners, where the general public is validated through the use of their computer systems, and timestamped transactions are supported by a specific scheme for timestamps. Miners to maintain the security of a cryptocurrency registry for economic reasons.

Most cryptocurrencies continuously minimize currency production by limiting the total amount of currency in circulation and imitating precious metals. Unlike regular currencies that are held through currency institutions, such as holding cash, cryptocurrencies are difficult for law enforcement to seize. This problem is due to the use of cryptographic technologies. Law enforcement faced this problem in the Silk Road case, in which Ulbricht’s bitcoin stash was “encrypted.” Cryptocurrencies like Bitcoin are pseudonymous, although add-ons like Zerocoin are supposed to provide authentic anonymity.

Some unknown persons or human beings used the title Satoshi Nakamoto and added Bitcoin in 2009, the first digital currency. SHA-256, a cryptographic hash function, was used as the working scheme in it. Namecoin was in April 2011. Litecoin was launched in October 2011, Scrypt was the hash function in it. Cryptocurrency, Peercoin uses hybrid as proof of work. IOTA doesn’t use blockchain, it uses entanglement. Built on a custom blockchain, the Divi project enables seamless buying and selling between wallet currencies and the ability to use non-publicly identifiable information for transactions. After that, many unique cryptocurrencies were created, but only a few were successful because they lacked technical innovation.

The first Bitcoin ATM was installed in Texas, USA on February 20, 2014 by the creator of Robocoin, Jordan Kelly. This ATM was identical to bank ATMs, but it studied identification such as a user’s passport or driver’s license with the help of scanners. Almost 1,574 Bitcoin ATMs were installed in various countries in 2017, with a total of 3 ATMs installed per day in 2017.

The legal status of cryptocurrencies varies greatly from country to country and is still ongoing in many of them. Although some countries have clearly permitted their use and trade, others have prohibited it. Also, different government institutes have restricted Bitcoins in different ways. In 2014, China’s central bank banned the handling of bitcoins by financial institutions in China. In Russia, however, cryptocurrencies are legal, although it is a crime to use any other currency to purchase goods except the Russian ruble. The United States Internal Revenue Service allowed Bitcoin to be subject to capital gains tax, on March 25, 2014, this ruling clarified the legality of Bitcoin.

Cryptocurrency is getting better every day. It continues to increase your wealth just like your viral social media posts. A contagious financial tool for a good portfolio and catalyst for growth. One interesting fact is that there are more than 5000 cryptocurrencies.

2021 has been a fantastic year, but where do we go from here?

Let’s zoom in on the situation here. Both Bitcoin and Ethereum touched higher performance bars. Long-term investors rely on it. By the time you read this article, there may be more great cryptocurrency news. I will try to present here the future possibilities of cryptocurrency.

New regulations are currently in effect. They are under the carpets. Measures have been taken to minimize the risk of cybercriminals. The goal is to make this investment a safe tool for people. For example: China announced in September that all cryptocurrency transactions are illegal. Clear regulations will remove all obstacles to make trade safer.

How will the new regulations affect investors?

The IRS will find it easier to track tax evasion. Investors can transparently keep a record of transactions. For example: recording any capital gains or losses from crypto-assets will be easier. On the other hand, the price of cryptocurrencies will also be affected by market fluctuations.

ETF approval – an important factor to consider

The Bitcoin ETF made its debut on the NYSE. This will help investors to buy cryptocurrency from existing investment brokers. Because of the rising demand, the stock and bond markets are coping with it. Let’s observe from the investor’s point of view. Easier access to cryptocurrency assets helps people to buy them without any hassle. If you plan to invest in a Bitcoin ETF, remember that the risks are the same as with any other cryptocurrency. You have to be willing to take the risk. Otherwise, it is pointless to invest your money.

What does the future hold?

Bitcoin is the best in the crypto market. It has the highest percentage of market capitalization. In November 2021, its price rose to $68,000. In October, the rate was $60,000, while in July it was $30,000. There are large fluctuations in market rates. Experts suggest keeping cryptocurrency market risk below 5% in the portfolio. Speaking of short-term growth, people are hopeful. Bitcoin price volatility is a factor to consider. If you want to play long, short-term results shouldn’t affect you.

Looking from it at an angle to increase your wealth is not a good decision. Stick to traditional investment instruments with the exception of cryptocurrency. For example: if you want cryptocurrency as a retirement savings tool, it’s time to rethink your decision. Keep your investments small and diversified. It will reduce the risk factor. At the same time, you will have more time to think about cryptocurrency.

It is necessary to spend your money wisely and then invest in cryptocurrency. One has to assess the associated risk factor and make a decision. I hope this article helps you.

Cryptocurrencies have been in the news lately because tax authorities believe they can be used for money laundering and tax evasion. Even the Supreme Court appointed a special team to investigate black money recommended to discourage trade in such currency. While China has reportedly banned some of its largest operators from trading in bitcoin, countries such as the US and Canada have laws that restrict trading in cryptocurrency stocks.

What is cryptocurrency?

Cryptocurrency, as the name suggests, uses encrypted codes to make a transaction. These codes are recognized by other computers in the user community. Instead of using paper money, the online ledger is updated through regular accounting records. The buyer’s account is debited and the seller’s account is credited with such currency.

How are cryptocurrency transactions made?

When a transaction is initiated by a user, their computer sends a public cipher or public key that interacts with the private cipher of the person receiving the currency. If the recipient accepts the transaction, the initiating computer attaches a piece of code to a block of several such encrypted codes that is known to every user on the network. Special users called “miners” can attach the additional code to the publicly shared block by solving a cryptographic puzzle and earn more cryptocurrency in the process. Once a miner confirms a transaction, the block entry cannot be changed or deleted.

BitCoin, for example, can be used on mobile devices as well as to make purchases. All you have to do is let the receiver scan a QR code from an app on your smartphone or bring them face-to-face using Near Field Communication (NFC). Note that this is very similar to regular online wallets like PayTM or MobiQuick.

Die-hard users swear by BitCoin for its decentralized nature, international acceptance, anonymity, transaction permanence, and data security. Unlike paper currency, no central bank controls inflationary pressures on cryptocurrency. Transaction logs are stored on a Peer-to-Peer network. This means that each computer includes its computing power and copies of databases are stored on each such node in the network. Banks, on the other hand, store transaction data in central repositories that are in the hands of private individuals employed by the firm.

How can cryptocurrency be used for money laundering?

The very fact that there is no control over cryptocurrency transactions by central banks or tax authorities means that transactions cannot always be traced back to a specific person. This means we don’t know if the transactor received the store of value legitimately or not. The store of the recipient of the transaction is also suspicious, since no one can tell what reward is given for the currency received.

What does the Indian law say about such virtual currencies?

Virtual currencies or cryptocurrencies are generally considered to be pieces of software and are therefore classified as goods under the Sale of Goods Act of 1930.

Since they are good, indirect taxes on their sale or purchase as well as GST on services provided by the miners would be applicable to them.

There is still a lot of confusion about whether cryptocurrencies are valid as currency in India and the RBI, which has authority over clearing and payment systems and prepaid negotiable instruments, has certainly not allowed buying and selling through this medium of exchange.

Thus, any cryptocurrency received by a resident of India will be governed by the Foreign Exchange Management Act, 1999 as an import of goods into that country.

India has allowed Bitcoin trading on dedicated exchanges with built-in safeguards against tax evasion or money laundering and enforcement of know-your-customer norms. These exchanges include Zebpay, Unocoin and Coinsecure.

Those who invest in bitcoins, for example, are subject to tax on dividends received.

Capital gains received due to sale of securities involving virtual currencies are also subject to tax as income and subsequent online filing of IT returns.

If your investments in this currency are large, it is better to get the help of a personalized tax office. Online platforms have greatly facilitated the process of tax compliance.

Important: This post should not be considered investment advice. The author focuses on the best coins in terms of actual usage and adoption, not from a financial or investment perspective.

In 2017, crypto markets set the new standard for simple profits. Almost every piece or chip made incredible returns. “A rising tide floats all boats,” as the saying goes, and the end of 2017 was a deluge. The price increase created a positive feedback loop that attracted more and more capital into Crypto. Unfortunately, but inevitably, this galloping market leads to huge investments. Money was thrown indiscriminately into all sorts of dubious projects, many of which would fail.

In the current bearish environment, hype and greed have been replaced by critical appraisal and caution. Especially for those who have lost money, marketing promises, endless shillings and charismatic speeches are no longer enough. Well, the main reasons to buy or hold a coin are again paramount.

Key Factors in Cryptocurrency Valuation-

There are some factors that tend to dominate the hype and price pumps, at least in the long run:

Adoption angle

Although a cryptocurrency technology or ICO business plan may seem surprising without users, they are simply dead projects. It is often forgotten that broad acceptance is a fundamental characteristic of money. In fact, it is estimated that over 90% of Bitcoin’s value is a function of the number of users.

While the adoption of fiat is mandated by the state, the adoption of cryptography is purely voluntary. Many factors play into the decision to accept a coin, but perhaps the most important consideration is the likelihood that others will accept the coin.

Security

Decentralization is essential to the I push model of a true cryptocurrency. Without decentralization, we have a bit closer to a Ponzi scheme than a true cryptocurrency. Trust in individuals or institutions is the problem that cryptocurrency tries to solve.

If dismantling a coin or a central controller can change the transaction record, it calls into question its basic security. The same goes for parts with unproven code that haven’t been thoroughly tested over the years. The more you can count on the code to function as described, regardless of human influence, the more secure the coin is.

Innovation

Valid coins strive to improve their technology, but not at the expense of safety. True technological progress is rare because it requires a lot of expertise and also wisdom. While there are always fresh ideas that can be screwed up, if this makes vulnerabilities or critics of a coin’s original purpose, it misses the point.

Innovation can be a difficult factor to assess, especially for non-technical users. However, if a currency code is stagnant or not receiving updates that address important issues, it may be a sign that the developers are low on ideas or motivation.

Incentives

The economic incentives inherent in currency are easier for the average person to perceive. If a coin has had a large pre-mining or ICO (initial part offering), the team has held a significant share of chips, then it is quite obvious that the main motivation is profit. By buying what the team has to offer, you play your game and enrich it. Be sure to provide tangible and reliable value in return.

5 Cryptocurrencies to Buy in 2018

There has never been a better time to reassess and rebalance a crypto portfolio. Based on their solid foundation, here are five pieces that I think are worth holding on to or perhaps buying at their current depressed prices (which, just a warning, may drop lower).

#1. Bitcoin (because of its decentralization)

Number one belongs to Bitcoin (BTC), which remains the market leader in all categories. Bitcoin has the highest price, the widest assumption, the most security (due to the phenomenal power consumption of Bitcoin mining), the most famous brand identity (the forks have tried to be relevant), and the most from development is active and rational. It is also the only piece to date that has been introduced to traditional markets in the form of Bitcoin futures trading on the US CME and CBOE.

Bitcoin remains the main driver; The performance of all other parts is highly correlated with the performance of Bitcoin. My personal expectation is that the gap between Bitcoin and most if not all other parts will widen.

Bitcoin has several promising innovations that will soon be installed as additional layers or soft forks. Examples are the Flash (LN) system, wood, Schnorr signatures Mimblewimbleund many more.

Specifically, we plan to open up a new range of applications for Bitcoin as it enables large-scale microtransactions and instant and secure payouts. LN is increasingly stable as users test their various options with real bitcoins. As it becomes easier to use, it can be assumed that it will greatly benefit from the adoption of Bitcoin.

#2. Litecoin (due to its sustainability)

Litecoin (LTC) is a clone of Bitcoin with a different hash algorithm. Although Litecoin no longer has the anonymity technology of Bitcoin, incredible reports indicate that the adoption of Litecoin in the dark markets is now second only to bitcoin. Although it is a currency that I have much better suited to the role of acquiring illegal goods and services, perhaps this is presented as a result of Litecoin’s longevity: It was launched in late 2011.

Another factor in Litecoin’s favor is that it integrates the Bitcoin SegWit technology, which means that Litecoin is LN-ready. Litecoin could benefit from an atomic chain exchange. In other words, secure peer-to-peer trading of currencies without the involvement of third parties (i.e. exchanges). Because Litecoin keeps its code largely in sync with Bitcoin, it is well positioned to benefit from Bitcoin’s technical progress.

#3. Ethereum (due to smart contracts)

Ethereum (ETH) has some big problems right now. First of all, governments crack down on ICOs, and rightly so: many have turned out to be either fraudulent or bankrupt. Since most icos run on the Ethereum network as an ERC token 20, the ICO craze has brought a lot of value to Ethereum in recent years. If proper rules are taken to protect investors, Ethereum project scams can claim some legitimacy as a crowdfunding platform.

The second major problem facing Ethereum is the delayed transition to a new hybrid battery operation and detection system. The Ethereum mining GPU is currently profitable, but Bitmain just announced an Ethereum ASIC minor, which will likely have an impact on GPU miners’ bottom lines. Whether this will change the POW and how successful that change will be remains to be seen.

If Ethereum manages to survive, these two main issues – regulation and mining – will show great resilience. Otherwise, there are several competing currencies that follow its shadows, such as Ethereum Classic (etc.), Cardano (ADA), and EOS.

#4. Monero (because of its anonymity)

Although its adoption in the dark markets is not all that one might expect, I (XMR) remains the privacy of the Prime Minister. Its reputation and market cap are still above those of its rivals – and for good reason.

Monero’s code requires less trust than Zcash’s “loyal” key ceremony and had an honest start, unlike Dash. That Monero recently changed its Pow to defeat the development of a small ASIC for its algorithm confirms the commitment of the mining decentralization part. A significant drop in hashing speed is due to the new version constantly reporting against the ASIC. This could also be an opportunity for GPUs and even secondary processors to contact me. The new version of Monero, 0.12, also includes other improvements that show that Monero continues to grow along sensitive lines.

#5. iPRONTO (Decentralized Incubation Platform)

iPRONTO is an incubation platform Ethereum chain dedicated to investors who are looking for a safe and reliable platform to invest in new ideas and future innovators who can present their ideas and receive opinions from users, experts in the field about the practice and application of derived ideas.

Innovators’ ideas are supported as the NES in Smart Contract format will be signed between the expert platform and the client if the client’s business idea is before the committee for review and registration on the platform. The idea will not be published to all users of the chain’s public platform, but only to selected members of the target community who are willing to sign the Smart contract to keep the idea confidential.

What is Forex trading?

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

Currencies are necessary for exchange in order to conduct foreign trade. It is the largest and most liquid market in the world. It suits different markets in measure even the stock trading system with a normal exchanged valuation of approx.

It is a global decentralized marketplace for the exchange of monetary forms. This market solves distance trading. The main members of this market are the larger universal banks. There is a wide range of multiple types of buyers and sellers in this market.

The Forex trading market is unique due to the following characteristics:

Huge exchange volume, talking about the largest resource class on the planet, causing high liquidity;. Continuous duty, 24 hours a day except weekends;

• Geographic dispersion;

• Continuous work, 24 hours a day without Saturdays and Sundays;

• A variety of factors that affect exchange rates;

• Low profit margins compared to other markets;

• Using leverage to increase profit and loss margins.

The forex market is called a market closet to the ideal of perfect competition.

With such a huge number of experts that are irrevocable in the Forex exchange, there are several dangers associated with it that one needs to consider.

One should make sure that their internet connection and computer are running very smoothly all the time. We all know that things happen, servers go down and our computers freeze or shut down depending on the activities going on. This can affect transactions, so be aware that things can happen during trading.

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

Professionals.

The forex trading market is always on 24 hours a day, 7 days a week. No matter your time, location, internet connection and computer, you can log in at any time to ease me to trade.

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

Leverage is a huge advantage in the Forex trading market, where brokers allow you to trade up to 2% of the total contract size compared to the stock market. One can use a small account for trading large sizes where the profits can be quite large and you only need small capitals to get them.

The data and software are provided free of charge; you don’t have to pay, all you have to do is log into your broker’s website. Download the software, the graphics will be displayed as soon as you log in.

There are no commissions; well, you pay in costs for spreads that depend on how much you trade.

Coins.

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

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

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

Good traders enter trading with only 2% 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 evaluate your capital and the amount of risk you are willing to take when trading.

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

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

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

Forex trading in Islam.

According to Islamic law, it is difficult to answer this question definitively. Trading money under certain conditions is halal as stated by an Islamic specialist, but there are some questions under proper conditions.

This means that any type of transaction that involves an element of interest is completely prohibited according to Islam. Forex trading is not permitted in Islam and is defined very broadly. The forex retailer reflects the market by paying or charging enthusiasm between two parts of each monetary match whose position remains open in the medium term. It seems that it is only permissible as long as (the exchange) is hand to hand. Prophet Muhammad (peace be upon him) had in mind the exchange of various types of goods. This will be done between two parties, recognizing that this is a natural aspect of trade.

Most Forex specialists reacted to show the power and weight of Islamic dealers by making “Islamic Forex Broker” and offering “Muslim Forex Accounts” that work without intriguing fees.

However, “regular” Forex trading offered by Forex brokers, with overnight interest payments or fees, can remove the riba hurdle.

For online trading, there is a need for online currency exchangers for trading crypto currency. 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 with the trading of various cryptocurrencies.

ICO Details:

An ICO (Initial Coin Offering) is a genuine utility token based on ERC20 (Ethereum) that is offered by its investors in the crowdsale, complete with various features. Flexion token holders will get exclusive benefits like revenue. The system will save the FXN Balance wallet data every month on date. And the user will share the revenue based on the balance stored in the Flexion token in the Flexion Exchange wallet. Based on the token earnings, the system will credit the balance in your reward wallet.

Why you should buy flex tokens

Flexion represents a solid investment opportunity for investors looking to accumulate wealth over a period of time. This is not a get-rich-quick scheme or an overnight money-making opportunity. Investors who buy tokens and hold them long-term will achieve outstanding results and returns on their investment.

An experienced management team with experience in running a successful company.

All traders ask for minimal trading fees. We have no trading fee.

24 hour customer support.

Token details

The Flexion Token (FXN) is built with an ERC20 token based on the Ethereum blockchain technology. Flexion (FXN) supports all Ethereum wallets.

About the FLEXION exchange

We provide 0% trading fee at the time of launch of the exchange. A customer who buys 100k FLEXION tokens will get 50% trading fee and this will be permanent.

Forex trading will be provided on the FLEXION exchange. The client will get a trading platform with 500 tokens. The minimum amount to buy Flexion Tokens will be 500 FXN and after that you will be able to use Ethereum to buy Flexion Tokens. In each new phase it will increase.

We strive to provide a fast and secure trading experience to our clients in BTC, ETH and FXN

Token Allocation:

ICOs: 53%

Reserve: 30%

Presale: 5%

Bonus distribution: 5%

Team: 5%

Sign Up / Referral Program: 2%

Solutions

We provide 1/2 trading fee compared to other exchanges.

We support fiat currencies on one platform.

We have reduced coin listing fees by up to 80% compared to other exchanges.

A first-time customer who purchased 100,000 tokens in a pre-sale will receive a 50% discount on trading fees for life

Customer is very valuable to us and we provide 20% profit to our customers.

We also provide 24×7 customer support

Features of Flexion Exchange

Flexion is a digital currency exchange, we provide 0% trading fee for 6 months during the launch of the exchange

A user who buys 1 lakh flex tokens will get 50% trading fee and this will be the permanent

Flexion Exchange provides cryptocurrency trading with Forex trading.

Share for token holder

Complete privacy system

We use the latest technology in our cryptocurrency trading platform

A unique operating system

A user can do one million transactions per second

We provide highly leveraged futures trading.

User can track digital as well as fiat currency.

Get 50% trade discount for first link.

Customer will get 24×7 customer support.