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Why it Pays to Try a Demo Trading Account First

Ever since the world was first introduced to the concept of a cryptocurrency back in 2008 it’s been a rollercoaster ride not just for Bitcoin, but for all the currencies that have followed. But it wasn’t until the great Bitcoin boom of 2017 that these new ways of making transactions came to the attention of…

Ever since the world was first introduced to the concept of a cryptocurrency back in 2008 it’s been a rollercoaster ride not just for Bitcoin, but for all the currencies that have followed. But it wasn’t until the great Bitcoin boom of 2017 that these new ways of making transactions came to the attention of the general public with tales of early investors finding themselves to be millionaires.

The news of these stories, however, overshadowed an increasingly popular alternative form of speculation in the form of trading cryptocurrencies.

The well-publicized volatility of Bitcoin and other cryptocurrencies, however, means that before embarking on trading you should be as well prepared as possible – and one of the best ways of doing this is by using a demo account.

A demo account is an account which allows you to practice trading of both cryptocurrencies and fiat currencies without using actual money. This means that there’s no risk – and the reward is a greater understanding of the market and how it works on a day-to-day basis.

The vast majority of the trading platforms out there offer demo accounts. They might not exactly replicate actual trading, but they do give a very close approximation. Furthermore, they are generally time-limited – on average they will give you around 30 days’ free use before you have to sign up to trading for real.

Finding the right demo account

Looking for a good Forex demo account that gives you as long as possible to find your feet is a key consideration for would-be Forex dealers, along with many others, when you’re choosing the right one for your needs.

Of the many benefits of using a demo account, some are obvious, others are less so. Falling into the first category is the fact that it allows you to become accustomed to the language and mechanics of trading which can otherwise be a little confusing at first. It also, naturally, lets you gain confidence in carrying out trades knowing that even if the market proves to be going against you, no real money is at stake.

Different trading platforms also suit different kinds of traders so this also gives you the opportunity to try out several platforms before committing to one in particular as there’s no reason why you shouldn’t have a number of demo accounts running simultaneously.

Similarly, it’s an ideal way to try out different strategies which seem to be most successful and even whether using one of the available trading bots might be the best option for you.

It’s important to note that while demo accounts aim to replicate “live” accounts as accurately as possible, there are certain differences. For example, in the latter it is relatively easy to adjust your level of leverage as market conditions change but this can be trickier with a demo account. 

Similarly, they might not be representing accurately the charges that may apply to live accounts and will not include any bonuses you receive when you start trading for real. 

Taking the emotion out of trading

Hopefully, you can make allowances for these differences and focus instead on one of the less acknowledged benefits of a demo account – the fact that it allows you to trade while remaining emotionally detached. In all forms of speculation, emotions can easily derail plans either through exhilaration at success or disappointment when things go the other way. But, by getting a grounding when emotions are not involved, means that this is a behavior that can be carried over into actual trading. 

Even if you do let emotions creep into your demo trading activities, this can be no bad thing. That’s because it will allow you to develop methods and strategies to cope with mood swings in either direction that can otherwise have a major effect on your trading performance.

Last, but not least, using a demo trading account will give you the time and flexibility to work out the best routine for you. With markets open 24 hours a day this is ideal if you also have to juggle other elements in your life such as other work and family commitments. Being able to comfortably fit trading into your day means that you will be in a better frame of mind to make considered judgments rather than rushing decision-making processes.

So, with all these points in mind, opening a demo trading account certainly seems like a no-brainer for anyone who wants to give themselves a serious chance of success in cryptocurrency trading. In fact, it could well be classified as essential.

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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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Statements about Cryptocurrency

Statements about Cryptocurrency

Cryptocurrencies are in a bubble and regulators could burst this at a whim.

  • Eight years after the introduction of Bitcoin, there are now over 900 cryptocurrencies and their prices are at all-time highs.
  • Richard Schiller categorizes bubbles as an underlying story driving the market forward, as opposed to the fundamentals of the assets. Cryptocurrencies are riding on a narrative of economic empowerment and freedom.
  • Despite the widespread attention that cryptocurrency receive, many of the actors involved in the market are not fully informed. Debate tends to turn to hype and naive investors are buying crypto-assets without fully understanding what they are.
  • Banks spend 73% of the market capitalization of Bitcoin each year on regulatory compliance. Crypto-assets are currently unregulated and free of these restrictions. As such, the market has thrived but also developed some bad habits.
  • Regulators cannot necessarily shut down cryptocurrencies, but they can restrict liquidity into them from fiat currencies and hamper their growth. The global derivatives market, for example, is worth $1.2 quadrillion, dwarfing Bitcoin’s $100 billion market cap.

Statements about Cryptocurrency

Market manipulations in crypto markets are undermining their credibility.

  • Due to low liquidity, no regulation, and a lack of clear understanding of the markets, pump and dumps are widespread in crypto markets. This is where a speculator can artificially sell while concurrently buying their own currency, wait for the market to rise, and then dump their holdings.
  • Frontrunning is also a common occurrence in ICOs, where early investors—who are used to show initial faith in the enterprise—buy discounted tokens before immediately selling them on.

As with historic bubbles, scams are exploiting naive investors.

ICOs can have the characteristics of vaporware. Entrepreneurs are raising hundred of millions of dollars purely on concepts. Money is being raised from investors who do not truly understand the technical concepts being proposed to them, let alone whether they are feasible.

  • The actual asset structures of ICOs are not only complex but also new forms of assets in their own right. This further confuses investors, which is compounded by the “FOMO” mentality of rushing into investments and following the crowd.
  • The use of celebrities to promote ICOs further demonstrates the use of manipulative marketing techniques used to cajole immature investors into participating in ICOs.
  • The current ICO craze is reminiscent of the South Sea Bubble of the 18th century, a speculatory period that involved crazed investment into enterprises in the New World. Once one of the highest valued companies of all time, the South Sea Company’s bubble burst and the company disappeared almost as quickly as it appeared.

Blockchains are still not proven technology, and more work is required.

  • Blockchains are still new concepts and their technology has not yet been proven on a consumer-wide scale. Attention should be focused on developing this, not speculating on short-termist projects.
  • The security of blockchains is a concept that most investors in crypto-assets do not understand. The onus is on them to protect their assets, which, on the basis of the amount of thefts and frauds in the space, is not being done properly.

There are some solutions to these issues.

  • A less polarized mentality of “us against the world” is needed; this could be enforced by the promotion of self-regulatory standards. These could also help to highlight the bad actors in the ecosystem.
  • More development is required into the underlying technology of blockchains. In the long run, this would be far more valuable than ICO moon-shot projects.
  • Awareness and discussion needs to be promoted. Conferences should present balanced debates from both sides of the crypto-view and more emphasis should be placed on educating investors instead of soliciting their investments.

Originally Published here at https://www.toptal.com

Statements about Cryptocurrency

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CMStrader Signals provider, the number 1 signal provider 4 years in a row

CMStrader Signals provider, the number 1 signal provider 4 years in a row.

CMStrader, the number 1 signal provider 4 years in a row, is now offering free signals to new clients!  Reliable trading tools are fundamental part of successful trading.

cmstrader for the Best Trading Signals

cmstrader for the Best Trading Signals

 

CMStrader’s signals success rate is estimated in 91% this should be enough to take a look and decide for yourself. since this is their biggest feature and drives this broker towards success, it is opretty afe to say that they do their utmost to provide you with quality forex signals.

This broker also entered the cryptocurrency market and offers several cryptocurrencies.  in short they act on the market and engage their clients directly.

when you start trading at CMSTrader, you can choose from a extended list of currencies, indices, commodities, gold and oil.

CMStrader Signals for better Trading

CMSTrader sends trading signals to traders’ accounts when there is an opportunity to buy or sell orders at specific points; an overview of the speculated price or loss ratio is included.

CMStrader Signals the number 1 signal provider among brokers

CMStrader Signals the number 1 signal provider among brokers

The signals are sent directly via SMS to a cellphone for major currencies traded on the stock exchange, foreign goods and precious metals.

In addition, signals can be sent to an e-mail address and or traders can be notified directly over the phone.  This service is available 24/5.

Like with Most proper signal services don’t expect 50 signals a day as simply there are not that many. you will get maybe a few good ones a day on which you could and most of the time should act.

Earn profits with CMStrader Signals in the forex market – the biggest trading scene in the world. Enjoy our unique benefits, trading education, minimum margin and best leverage! Start with a demo account and enter the amazing world of forex with CMStrader.

More about CMStrader Signals & Forex Broker

  • Name :CMSTrader
  • Website :cmstrader.com
  • Established :2013
  • Regulation :FSP
  • Country :United Kingdom
  • U.S. Clients Allowed ?  :No

CMSTrader is a leading investment advisor specializing in personal wealth management and growth and is a somewhat a newcomer to the Forex market.

they started in 2013 and since then have won several awards 2 including one for having best customer service in 2013.

CMSTrader “CMStrader Signals” is authorized under the name of CMS Ventures Limited which is a New Zealand Registered Financial Service Provider (FSP).

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