The Binary Way

WHY SHOUD I INVEST IN CRYPTOCURRENCY Cryptocurrency is a good investment and it could also be bad one. With the volatility of the market and cryptocurrency being young, we can’t give a yes or no answer about investing in cryptocurrency. Bitcoin and ethereum are the hottest cryptcurrency now to invest in; you would want to invest in cryptocurrency to increase your worth against the fall of dollar. Why you also need to invest in Cryptocurrency is because you would be part of a new technology and aid in the social vision behind cryptocurrency. WHICH OF THE CRYPTOCURRENCIES IS SAFE TO INVEST IN The only cryptocurrency that has been widely recognized is Bitcoin, until 2016 when other cryptocurrency starts evolving. The best Cryptocurrency to invest in now is bitcoin or ethereum. A good starting point is shown in this link >> How to make money from Cryptocurrency. HOW TO INVEST IN CRYPTOCURRENCY Before you start investing in cryptocurrency you should know deep th...

Cryptocurrency is more than a hobby since they’ve been introduced since the 90s, but cryptocurrency has started catching the eye of financial institutions and professional traders. As Bitcoin starts growing in popularity, financial advisors are facing hard questions and also decisions from their clients. They may talk about the risk associated with investing in Cryptocurrencies and educate them against it, but the final decision is still up to the clients. Advisors should be able to educate their clients on tax issues and other legal things related to cryptocurrencies that they need to know. BLOCK CHAIN TECHNOLOGY A ledger kept by all participants in the market is known as the Blockchain Technology. It can also be an incorruptible digital ledger of transactions that can be programmed to record digitally everything of value. Central banks print out physical currencies but cryptocurrencies rely on Blockchain technology to decentralize the process. In 2009 bitcoin became the...

WHAT DOES CRYPTOCURRENCY MEAN? A cryptocurrency is a digital currency which uses cryptic security. They are difficult to replicate because of their cryptographic security system. It’s not controlled by the government, making it impossible for government to manipulate or interfere. The first cryptocurrency that caught the attention of the world is the BITCOIN, and it was launched in 2009 either an individual OR group which goes by the name Satoshi Nakamoto. Around April/may bitcoin was around 17 million I circulation with a market value of $140 billion. The success of bitcoin brought about other cryptocurrencies such as, Ethereum, PpCoin, litecoin, e.t.c. CRYPTOCURRENCY BENEFITS AND SETBACKS With cryptocurrency you can easily transfer funds between two parties, and this is done with public and private keys for security purpose. This transfers are done with little processing fee unlike the huge amount collected by most banks for bank charge for wire transfer.   Also we ha...

Maintaining your discipline is a key part of trading. How do we ensure we enforce that discipline when we are trading? The best way to know a strategy is good and we can stick to it is if we know it is well-reasoned and back tested, then you are confident you are using one of the best and successful forex trading strategies. This will build you confidence and make it easier to follow the rules guiding you strategy, which allows you maintain your discipline. When people talk about forex strategies, they meant a particular trading method that is usually just one part of a complete trading plan. A consistent forex trading strategy gives entry signals that are advantageous and vital to consider; 1.     Position sizing 2.     Risk Management 3.     How to exit trade. PICKING THE BEST FOREX STRATEGY To pick the best forex trading strategies, no one can give a single answer that this particular strategy is the best. WHY? ...

In this Article we’ll be looking at tips for Forex Trading Beginners. Remember you can always use the demo account to get a better understanding of the market. TRADING FOOD CHAIN Knowing the way the industry is mapped out important, because the combination of all participants makes the market you trade in, think of it like getting balanced diet. LONG TERM OR SHORT TERM TRADING Initially while trading as a beginner your trade should be about preserving your capital and not trying to grow it. Minimizing risk is the main objective as a beginner. One way to achieve this is to use a long term trading stance. What ignorant forex trading beginners fail to know s the some successful traders try to make a return on their investment based on Long term trends. They keep their orders opened for weeks, months and sometimes years. This way, forex work more as an investment and less as lottery. To trade for long term it requires patience and calmness and modesty in trading volume....

WHAT IS FOREX Forex(Foreign Exchange) is a global market where currencies are traded. It constitutes of buying, selling and exchange of currencies at a particular price or current price. The forex market is the largest market as it is a $5trillion dollar a day market. OPPORTUNITY IN FOREX There is a big opportunity in the forex market as getting a little from what has been traded can be really profitable, and such investment cannot be seen in other kinds of investment. Trading with forex all you have to do is know when the market would go up and downand if you predict right you make profit. For example if an information is passed that a country is going to devalue it’s currency let’s say currency B, to get more foreign investments and businesses t their country and you feel the currency is going to be devalued against another currency Currency , then you decide to sell currency B against currency . If currency B devalues against currency C then you make Profit, But if otherw...