A cryptocurrency is a coded string of data representing a currency unit. Peer-to-peer networks called blockchains monitor and organize cryptocurrency transactions, such as buying, selling, and transferring, and also serve as secure ledgers of transactions. By utilizing encryption technology, cryptocurrencies can serve as both a currency and an accounting system. A cryptocurrency is a digital…
While the word cryptocurrency itself is a generic term for virtual currencies using blockchain technology, there are many different types: over 26,000 as of July 2023, according to CoinMarketCap.com. Bitcoin was one of the earliest cryptocurrencies created and remains the best known. Collectively, all other coin-based cryptocurrencies are called “altcoin,” or alternative to bitcoin. Several cryptocurrencies…
Affiliates and IBs share a common activity – they introduce clients to a specific broker and get remunerated for this. The main differences between affiliates and IBs are the way they generate referrals, and how they get paid by the broker.
An introducing broker, or IB, is a company or individual that introduces its clients to a forex or CFD broker. They provide their clients with trading education and support, as well as access to the financial markets. Bringing in new clients to trade with a broker may sound similar to affiliates but IBs provide further services…
The Internet makes it simple for traders to open an account and start trading. All brokers have an online presence and a website with all the info necessary regarding the types of the trading accounts, the trading conditions, and the steps to take for opening a Forex brokerage account. The process of opening a Forex…
A Forex trading broker is organized as either a dealing desk (also called market makers) or a non-dealing desk. In the first case, the Forex broker literally creates a market by mirroring the quotation from the interbank market and deals the prices to its clients. In the second case, the Foreign exchange broker routes its clients orders…
Responsive customer support is a lifeline for traders, especially in the fast-paced world of Forex. This section highlights the significance of quality customer service and provides guidance on assessing a broker’s support infrastructure.
Social and copy trading have gained popularity for their collaborative approach to trading. This section explains the concepts and discusses the pros and cons of incorporating these features into one’s trading strategy.
Successful trading involves managing risks effectively. Brokers play a vital role in providing tools and resources for risk management. This section explores different risk management strategies and emphasizes the collaboration between traders and brokers in minimizing potential losses.
In the digital age, reviews play a pivotal role in decision-making. Traders often rely on the experiences of others to gauge a broker’s reliability. This section discusses the significance of broker reviews and outlines common aspects covered in these reviews.
