With cryptocurrency, the transaction cost is low to nothing at all—unlike, for example, the fee for transferring money from a digital wallet to a bank account. You can make transactions at any time of the day or night, and there are no limits on purchases and withdrawals. And anyone is free to use cryptocurrency, unlike setting up…
Cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. Cryptocurrencies are decentralized and not subject to government or financial institution control. Cryptocurrency trading is speculative and complex, and it involves significant risks. Prices can fluctuate on any given day. Given the…
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.
