For new (and old) crypto traders, Forex is a natural place to look for guidance. Both markets trade currencies in a decentralized system using analytics and behavioral psychology. Of course, forex is the old wise grandpa and crypto is the fresh-faced young(un) that wants to prove itself. Of course, we could all listen to what Gramps has to tell us every once in a while; he’s been around the block a time or two, or, in this case, since the Medieval times. Continue reading
The future of cryptocurrency continues to be bright as the industry evolves. Developers continue introducing new projects, tokens, and coins which help push the technology forward. One of the things continuing to hinder the progression of the cryptocurrency industry is the cryptocurrency exchanges used for transactions.
If you’re thinking about investing in the foreign exchange, you need the right tools. Forex tools help you figure out when to invest and how much to invest, and they’re needed due to the volatility and complexity of the market. As with stocks, there are indicators and algorithms that show when you should initiate trades. These are faster and more responsive than a human trader and aren’t impacted by emotions. Here are some of the best tools available. Continue reading
On the surface, forex investing and crypto investing both have a lot in common. They both involve the exchange of currencies and they both yield extremely volatile results as compared to more traditional investments in stocks and commodities. Yet while these two investments may seem similar, there are some core differences that traders must be aware of to succeed in the market. Forex traders are uniquely well-suited to crypto trading, and many of their strategies can be brought over to the crypto market, with some modification. Continue reading
Many people invest in forex for the first time without even realizing it–you involve yourself in a foreign currency exchange whenever you buy something from another country. Foreign exchange trading uses the value of different currencies in relation to each other to produce additional value. With forex investing, you trade currencies in the same way you trade stocks; your goal is to buy and sell currencies at the right times, in other words, buy low, sell high. Continue reading