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Five Reasons To Invest In Forex Trading | FinSMEs

Investing in financial markets has raised interest all over the world. Traditionally, currency trading was a preserve for multinational corporations and well-endowed investors. The Forex market has, however, opened up the financial market to the average investors.

Investing in financial markets has raised
interest all over the world. Traditionally, currency trading was a preserve for
multinational corporations and well-endowed investors. The Forex market has, however,
opened up the financial market to the average investors.

The foreign exchange (Forex) market provides a
means of doing business for multinational companies in other countries. This is
because it facilitates the payment of bills in local currency. It also offers
an opportunity for investors to take advantage of the exchange rate movements.

Why is the Forex market the best to trade? There are many reasons, and we have outlined some of them below.

1. Accessibility

The Forex market, compared to other online
trading markets, is more accessible. You can start forex trading from as low as
$100. You don’t require a huge deposit to start trading. When you are
consistent, smart, and patient, you can start with a small amount and grow
slowly. Many people started with less and are now trading at seven figures.

Another remarkable thing about Forex trading
is that you can easily sign up for a trading account from your laptop. Many
Forex brokers operate online. All you need to do to start trading is to
register, submit your documents, and deposit money into your Forex trading
account. The process is as easy as explained by
Pepperstone Australia
.

Accessibility does not influence the quality of the Forex market. However, it proves why Forex trading is the best market to trade on. As an amateur trader, you can create a free demo account to gain some experience before you start paper Forex Trading.

2. Time Flexibility

The Forex trading market operates 24 hours a
day and almost seven days every week. You don’t have to wait for the opening
bell to start trading.

This is because it involves many currencies from all over the world, that float in the market. You can enter and exit a trade whenever you want. Whether you are a student, business-person, or employee, you can trade part-time.

3. Profitability

This is perhaps the reason every investor is
looking for. The Forex market is highly profitable, with the potential to
multiply your initial investment ten-fold overnight.

As opposed to the stock market where you only make a
profit when your stocks’ worth goes up, you have a lot of money to make in
Forex even when your currency is going down. If you think a currency is going
up, you buy it. When you feel a currency is going down, you sell it. It’s that
simple.

The Forex market is a two-way market, where
you work with pairs. This means that when one currency is decreasing, the other
is increasing. Many people started Forex trading as a part-time business but
quit their jobs later on after making handsome profits.

The key is to invest more as more investment increases your profit margins. But there’s a catch. Take your time to learn the skill well to make smart decisions and win trades successfully.

4. Equality

Due to the enormous size of the Forex market,
everyone is equal at trading.

Most markets are usually controlled by one
person or a few individuals and institutions. But with Forex trading, the
retail trader trades on the same level as banks and other financial
institutions. The Forex market cannot be influenced or compromised.

This means that your analysis of supply and demand will most probably be accurate.

5. Liquidity

Forex trading is hugely liquid because of the
size of the market. It is the largest financial market globally and trades
nearly $2 trillion every day. As an investor, you can easily enter or exit a
position without worrying about the price jumping too far before executing your
trade.

Under the standard market state, you can
always buy or sell by just a click since there’s always someone on the other
side of the market who’s willing to take your deal.

A trader will never get “held” in a trade. You
can always program your online trading platform to exit your trading position
when you have reached the intended profit amount. This is referred to as a
limit order. You can also set it to close the trade if it is moving against
you. This is called a stop-loss order.

Final
Word

Forex trading promises vast rewards if you
take your time to learn well and start trading consistently. The main reason
why it is attracting many investors is because of the potential to earn
bountiful profits.

It is also accessible for the average investor
who can trade small amounts of money at any time of the day. All investors
trade at a level playing field regardless of whether it’s a multinational
company or a single investor. No one can manipulate the market. Happy trading!

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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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