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5 Benefits of the Free Forex Demo Account

While business provides unlimited possibilities of profiting, risks are also likely. Trading through online platforms such as Forex market is no odd to this rule as poor business strategy and lacking knowledge may send you into deep financial troubles. However, as a new Forex trader, there is a perfect way of familiarizing yourself with various…

Free $100 Forex No-Deposit Bonus

While business provides unlimited possibilities of profiting, risks are also likely. Trading through online platforms such as Forex market is no odd to this rule as poor business strategy and lacking knowledge may send you into deep financial troubles. However, as a new Forex trader, there is a perfect way of familiarizing yourself with various trading aspects in Forex without losing your money.

Forex demo account is an online trading practice account that not only provides a simulated risk-free trading environment but also gives the new investor trading experience.

With Forex demo account you will be able to access exclusive trading tools for free. Whether you want to test your trading strategy, place an order, manage existing trade positions or even networking with different brokers, then the free demo account will give you all this services freely.

Benefits of Forex Demo Account

As a new trader or beginner in Forex trading platform, it is highly advisable to test you trading skills through a Forex demo account before investing real cash in live accounts.

There are various benefits of having a forex demo account and we have discussed them in details below. Sit back, take you coffee and as we begin our count.

1. Tests your trading strategy

Demo account helps a trader to develop, improve or optimize trading skills. How is this achieved? It is pretty simple. Let us take an experienced Forex trader with a reputation of profits gains. Such traders do have some secret which has enabled him or her stay strong in the market. This secret is what we refer to as a strategy.

While you think you have some good business strategy, it is highly recommended you first put your practice in a risk free trading environment preferably the Demo account . Traders can do all the tweaking, variation or testing of strategies without losing money.

Also read: Practice Online Currency Trading with a Forex No-Deposit Bonus

2. Risk management

Business is a no child play and risks are real. The forex trade risks are the financial loses that do happen due to various market factors. While some of these risks may be due to natural factors, others may be due to common mistakes done by traders and thus may be avoided.

Not that all traders who venture into Forex will meet there expectations, in fact a very small percentage of investors will make or surpass their expectations.

With the Demo account, the likelihood of facing such risks is minimized. For instance, you will learn through the demo account that assets, money streams and liabilities are greatly influenced by the exchange rates and thus when you put live cash into the platform you can be keen on such matters.

Also Read: 10 Best Money Management Tips for Forex Trading

Some traders will be emotional when they are dragged into a loss and they may fail to try to learn where they went wrong and instead they take all remaining amount and put into the investment. With Demo account you will be able to learn how to control emotions in real account.

3. Free trading

Opening a demo account is absolutely free. As if that is not enough, operating this account is also absolutely free. You can do virtual trading and test your trading practices while monitoring your performance. The cash you use in the Demo account are virtual dollars.

Some Forex traders will feed data from their live accounts into virtual accounts hence you will be given that feeling of real trading environment. You will also familiarize with different aspects of trading.

4. Offers a variety of news feeds

Fundamental factors do change every time in the forex market and thus a good trader should always have the latest news on the market performance. Amazingly, Forex demo account provides a range of news feed from professional sites that include Reuters, Associated Press and Bloomberg.Access to such sites improves your trading techniques before venturing into the live accounts.

5. Networking with different Brokers

Demo account gives you an opportunity to interact and meet different brokers. You can test as many top rated forex brokers as you wish.

It is advisable that while in Demo account, try to find a broker whom you will be with in the live accounts so that Despite the new factors such as spreads/swaps and order levels in the live account, the trading condition will remain the same as you will be familiar with your broker.

In summary, the free Demo accounts in the Forex offer a good chance for the new traders to test their skills. You can make mistakes but your money will not be lost.

Traders who begin from the Demo Account will always perform execellently once in the market.

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RoboForex adding EOS Cryptocurrency

RoboForex adding EOS Cryptocurrency

RoboForex announced today adding EOS, a cryptocurrency which is now available for trading with the broker on both MT4 and MT5 platforms.

Roboforex added EOS CryptocurrencyCurrently, RoboForex clients have 7 crypto instruments to choose from.

RoboForex keeps expanding its crypto portfolio.

The latest addition is EOSUSD, which is already available to the clients through MT4 and MT5, alongside with six other crypto pairs:

BTCUSD, ETHUSD, BCHUSD, DSHUSD, LTCUSD, and XRPUSD.

The EOSUSD trading conditions are the following:

  • minimum lot size: 100,
  • minimum increment: 0.01,
  • leverage 5:1.

EOS is a cryptocurrency that was introduced in 2017 and is based on blockchain and smart contracts. Its key features are scalability, decentralized apps, and huge throughput (a few million transaction per second).

This is another step towards developing our crypto portfolio.

Our clients do value the flexibility and state of the art technologies we offer them As for us, our mission is meeting their expectations and constantly improving the trading conditions by opening the door to new instruments and opportunities.

says Denis Golomedov, ;Marketing Director at RoboForex.

Roboforex and Cryptocurrency

This Broker has been on the forefront of crypto trading on the Metatrader 4 and Metatrader trading platforms from the beginning and pushing for more and more trad-able assets to be added to their offering .

it took this broker a little bit of time but now that they got them selves into the cryptocurrency trading arena they come to lead the pack. this in combination with their the trading platforms they are offering makes this a broker to take notice of.

as yet there are not enough brokers that offer metatrader 5 and especially one where you are able to trade bitcoin ethereum, litecoin and now also EOS.

About RoboForex

RoboForex is a brokerage company catering to clients from various countries. The broker’s focus is providing the traders with access to its own financial market platforms.

RoboForex Ltd is a licensed company (License No. IFSC/60/271/TS/17).

 

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Local bitcoin Trader Jailed for Money Laundering

Indicted: Local bitcoin Trader Jailed for Money Laundering

Local Bitcoin trader, Theresa Lynn Tetley, also widely known as Bitcoin Maven has been indicted for indulging in illegal bitcoin-for-cash transactions. According to the Central District of California, the LocalBitcoins.com trader has been sentenced to 12 months in prison.

She has also been handed a three-year supervised release and a $20,000 fine. A former real estate investor and stockbroker, the court ordered her to relinquish $292,264.00 in cash, 25 assorted gold bars, and 40 bitcoin.

money launderingTetley pled guilty to one count of operating an unlicensed money exchange business, and another related to money laundering. Her case is the first of its kind in the Central District of California.

Tetley was procedurally supposed to register her business with the Financial Crimes Enforcement Network, an agency of the United States Department of the Treasury.

The agency is responsible for analyzing transactions to curb money laundering and related financial crimes. She also failed to implement standard anti-money laundering protocol, including reporting of certain financial sources as per the requirements of this type of business.

Tetley is said to have traded over $6 million for clients within the United States and charged higher rates as compared to other traders within the LocalBitcoins platform.

Also noted in the court documents was that Theresa Lynn laundered bitcoin for a customer who had been suspected of having acquired the cryptocurrency through illegal activities, including drug sales on the dark web.

She also carried out a bitcoin to cash transaction for an undercover agent who had explicitly declared that his bitcoin was tied to narco-trafficking operations.

According to the report, Tetley’s service was responsible for fueling the growing use of cryptocurrencies to launder money and supported a black market system set up purposely to circumvent the law.

The organizations involved in her investigation included the IRS Criminal Investigation and the Drug Enforcement Administration.

Just One of Many

That said, the government has been committing significant resources to counter the crypto – dark web menace, and earlier this month, a major sting operation was carried out against a major money laundering network. Thirty-five suspects were arrested.

One individual, identified as John Edward Monette, was charged with Conspiracy to Distribute a Controlled Substance. He was also alleged to have carried out numerous bitcoin for cash exchange transactions on the dark web, most of them in 2017 and totaling about $19,000.

Another dark web vendor busted during the operation, Ryan Farace, 34 was indicted for being involved in an alprazolam tablets manufacture and distribution scheme.

He sold the drugs on the dark web, with all transactions being made in bitcoin. Additional digital currency money laundering transactions were made to conceal the sources.

Article Originally Published:

By ELIZABETH GAIL at Coincentral

 

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Why You Need to Get Onboard With Blockchain!

Why You Need to Get Onboard With Blockchain!

Blockchain tech – so revolutionary in nature that some are calling it the “new internet.” It has applications in just about every industry, and has completely altered the way we think about internet security, the processing of information, and the speed of transactions.

Blockchain is the technology that supports the digital currency  or cryptocurrency called Bitcoin –

however this is not what it is really about as it has a far wider scope of applications and is being commercialized in a growing number of areas.

It has generated much interest in technology circles and beyond, because of the new possibilities it opens up in financial services, the public sector and other areas.

According to sites like BitFortune.net, blockchain tech is definitely worth keeping an eye on due to the myriad of benefits it provides.

Blockchain and Bitcoin are not the same thing – Bitcoin is implemented using blockchain technology, but blockchain technology can be used in contexts much wider than Bitcoin or other cryptocurrencies. so when we are talking about the blockchain we are talking about a combination of a number of technologies, these including:

  • Distributed ledgers.
  • The blockchain data structure.
  • Public key cryptography.
  • Consensus mechanisms.

Part of what makes it so exciting is that it is completely open source. As a result, there are already a number of interesting blockchain apps, and the number is growing daily.

The technology is so secure that it is already being used by DARPA to secure military data. Various governments around the world are working on ways to use the tech to protect their own data.
The tech is tamper-proof, and the data stored within it is permanent. It cannot be erased or altered, and this is what makes it so enticing to those needing more secure networks.

But there is more, folks. (Okay, so that sounds a bit like an infomercial, but the benefits are real nonetheless.) Transactions can speed across the network – taking only as much time as it takes for them to be authorized.

The blockchain cannot be described just as a revolution. It is a tsunami-like phenomenon, slowly advancing and gradually enveloping everything along its way by the force of its progression.

William Mougayar

The system runs without the need for an intermediary, and this reduces the time it takes to execute transactions. This, and the unique way that the tech works, means that costs are significantly reduced as well.

What makes it so revolutionary is that the information is spread across every computer within the network. With Bitcoin, that means the data is securely “backed up” over thousands of computers.

Now, it is unlikely that banks will entrust their data to a public network in the same way, but they have been working on creating networks of their own instead.

The potential savings in terms of cost and time are extensive. If you want to learn more about these savings, check out the infographic below.

 

Why You Need to Get Onboard With Blockchain!


Why You Need to Get Onboard With Blockchain!


Visit bitfortune.net . for more interesting Infographics

Guys did an amazing job and was allowed to share.


 

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