How to Become a Successful Self Made Forex Trader

To really be successful at Forex trading, you need to have it at the back of your mind that Forex will definitely pay you well if you'll only work hard with patience and consistency. The market may already be saturated with traders, but there is always room at the top if you're willing to pay the price.

Forex is the largest market on earth, with a trade volume of over $4.5 trillion. That is a huge amount of money, but it's more or less expected when you consider that most currencies, if not all, are traded in the Forex market. People from different locations around the globe take part in it, and it has been in existence since the days of trade-by-batter, when it wasn't known as Forex.

However, so much has changed since the inception of Forex. In the past, Forex trading was as simple as using gold and silver as a method of international payment (which were usually affected by global supply and demand). These days, prospective traders with the view of a successful Forex career will have to be more specific and familiar with the modern strategies of the Forex market.

Here are questions you must ask yourself if you want to be a successful Forex trader.

1. HAVE YOU MADE UP YOUR MIND?

Before you even register with a Forex broker to trade Forex, you need to make up your mind to do what it takes to be a successful trader; otherwise you'll just while away your time and eventually quit. You may think that your drive at the moment will see you through Forex ups and downs, but successful and experienced Forex traders beg to differ - human psychology is a major Forex demon.

It is an established fact that human psychology, if not controlled, can ruin a trader.

If you're not able to control you psychology, that means you allow your emotions to come into play all the time, controlling how you approach a trade. If trades are going well, emotions are high; you're happy, and willing to continue trading. If trades are not going well, you feel bad, and unwilling to continue.

On the other hand, if you learn to control your emotions and not allow them to come in the way of trade, then you can leverage your psychology in trading. You know that there are bad times, but you also know that they will pass with time.

If you do not have a strong determination to make it big as a Forex trader, it is only a matter of time before you throw in the towel. Every successful trader out there fought the battle of the Forex market, and so should you.

2. WHAT DO YOU KNOW ABOUT THE Forex MARKET?

Just like education is important in life, it is also important in Forex trading. You most likely do not need a degree to be able to trade Forex, but you have to study the proven tactics of Forex to help you trade better.

For you to get it right as a Forex trader, you must understand the following

1. Terminologies used in Forex trading

2. The different strategies applicable and when they can be applied for maximum benefits.

3. Forex time zone

4. Forex brokers

5. Trading platforms and software

6. Forex news

7. Trading tools

A good knowledge of all these and more will put you in a better position to trade the market profitably, even as a newbie.

It is important to note that studying the Forex market is a continuous process so long as you're a Forex trader. That is the only way you can keep up with the indisputable changes that take place in the market.

3. WHO WILL BE YOUR Forex BROKER?

While you're researching on what there is to know about the Forex market, take some time out to do quality research on how and where to find a reliable Forex broker. Having a good broker goes a long way to determine if your trades will be successful or not.

To find the right broker for you, you have to first of all select a number of reliable brokers with good reputation based on your regional regulatory compliance. Beware of brokers that are not regulated by authority bodies; they tend to operate carelessly, and they cannot be questioned by anyone; unlike the regulated ones monitored by the regulatory bodies.

Go ahead to narrow your selection down to find out what broker can meet your specific needs as a Forex trader. Most brokers will allow their prospective clients to test their services with a demo trading platform before deciding whether to register with them or not. You're allowed to experiment with as many trading platforms as possible to help you choose the best broker to work with.

Also take note of the packages offered by the broker and go for the one that best suits you. Be sure to consider the initial deposit, spreads and commissions, leverage and margin, etc.

Never register with a broker on the account of a positive review or reference. There are different kind of brokers and traders, and it is your responsibility to carry out researches to find one that best suits your style as a Forex trader.

4. IS DEMO TRADING REALLY NECESSARY?

A demo account is a "pretend" Forex trading account. It has almost everything you can find in a real Forex account, except that it is not real. It is a simulated platform where traders, old and new alike, can trade Forex for free.

With a demo account, you can

- Trade with simulated money

- Test a broker's services

- Get familiar with a particular trading platform

- Gain notable experience about the Forex market

- Develop a Forex strategy suitable to your trading methods

- Learn to control your emotions while you trade

So, you see. Demo trading is really necessary.

5. WHAT TRADING STRATEGY SHOULD I CHOOSE?

As a new Forex trader, you'll be amazed to find out there's a huge volume of strategies for Forex trading. There are so many of them that it is confusing and stressful trying to find the right one to trade with. A lot of them are not simple enough for new traders, and should be avoided. It is always better to start with the simplest ones and then add to it as you progress in knowledge and experience of the trade.

Understand that you don't need to develop a trading strategy yourself, especially if you're new. Choose from a number of strategies designed by professional traders to benefit newbie Forex traders.

Note that it is at your own risk to trade with any strategy; and a strategy that worked gloriously well for mister A may be a disaster for you if you trade with it. To avoid this, be sure to test any strategy on a demo account to see if it's a good fit.

CONCLUSION:

There is no need to hurry; the Forex market is always open to traders from all over the world. To this note, it is best to take your time and approach Forex trading with caution at every step of the way. Failure is inevitable, but if you've really made up your mind to trade Forex, no failure will be enough to deter you.

If you fail, dust yourself up and try again. Do not stick to a particular strategy if it's not working well for you. The same applies to brokers and trading platforms; change them if they're not a good fit for you. Learn something new about Forex trading every day, practice what you've learnt, with steadfastness, and success will find you.

Hi there,
I am UC, a professional freelance writer.
If you'd like me to write for you based on Forex trading, business, and finance, get in touch with me through my email - uc@writematics.com.

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Nuts and Bolts of How to Make Money Online - For Real

You see a gazillion emails everyday bombarding you for everything imaginable about making money online. How do you tell the difference between hype and ripe?

Well to start off, it has to be simple. You shouldn't have to create web pages, you shouldn't have to create capture pages, you shouldn't have to write auto-responder messages.

Everything should be done for you. Easy peasy, lemon squeezy.

It doesn't get any easier than this. All you have to do is learn to send traffic to a capture page to build your list so that you can follow-up and introduce them to you business flopportunity.

Get them from skeptical visitor to getting them engaged by sharing your story. (And everybody has one). Your job is not to sell them on the business, but to build a relationship with the people on your list.

Learn to be a Leader. Get out of the learning curve. Find a strategy that works and... Master It.

If you've never grown a business before, if you have zero business experience, no internet experience... you're in the right place at the right time because there is nowhere better to learn all this... and nowhere easier.

Don't get left behind - start your business online. It's very easy to be a leader in your own home business.

You're told... "We have everything here for you to help you develop the skills that you need to develop. You will learn how to turn those leads into members and to be the leader you want to be."

Helping other people to realize their dreams, helping other people to become healthier, helping other people to understand or find a solution to the problem they're having is pretty rewarding - pretty sweet, (and it helps that you're making big money).

That feeling is what you need to fall in love with. Fall in love with helping the people whom you introduce your business to. You need to put YOU into your business. Engage, Learn, Teach!

And here is a million dollar idea for you...

When you wake up in the morning the first thing you need to do is decide that you're going to have a GREAT day. Regardless of what went on yesterday, regardless of how good or how bad your results are, regardless of the amount (or lack of amount) is in your bank account, wake up and decide...

You're going to have a Great Day!

Carl Willoughby is an internet entrepreneur that has been online more than 20 years and can help you start a successful online internet business. Visit his blog at:

http://www.pureleverage.com/intellitech/314-2/
or:
http://www.Make-Money-Online-Finally.com

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The "Experts" Are Getting Crypto All Wrong

Bitcoin peaked about a month ago, on December 17, at a high of nearly $20,000. As I write, the cryptocurrency is under $11,000... a loss of about 45%. That's more than $150 billion in lost market cap.

Cue much hand-wringing and gnashing of teeth in the crypto-commentariat. It's neck-and-neck, but I think the "I-told-you-so" crowd has the edge over the "excuse-makers."

Here's the thing: Unless you just lost your shirt on bitcoin, this doesn't matter at all. And chances are, the "experts" you may see in the press aren't telling you why.

In fact, bitcoin's crash is wonderful... because it means we can all just stop thinking about cryptocurrencies altogether.

The Death of Bitcoin...

In a year or so, people won't be talking about bitcoin in the line at the grocery store or on the bus, as they are now. Here's why.

Bitcoin is the product of justified frustration. Its designer explicitly said the cryptocurrency was a reaction to government abuse of fiat currencies like the dollar or euro. It was supposed to provide an independent, peer-to-peer payment system based on a virtual currency that couldn't be debased, since there was a finite number of them.

That dream has long since been jettisoned in favor of raw speculation. Ironically, most people care about bitcoin because it seems like an easy way to get more fiat currency! They don't own it because they want to buy pizzas or gas with it.

Besides being a terrible way to transact electronically - it's agonizingly slow - bitcoin's success as a speculative play has made it useless as a currency. Why would anyone spend it if it's appreciating so fast? Who would accept one when it's depreciating rapidly?

Bitcoin is also a major source of pollution. It takes 351 kilowatt-hours of electricity just to process one transaction - which also releases 172 kilograms of carbon dioxide into the atmosphere. That's enough to power one U.S. household for a year. The energy consumed by all bitcoin mining to date could power almost 4 million U.S. households for a year.

Paradoxically, bitcoin's success as an old-fashioned speculative play - not its envisaged libertarian uses - has attracted government crackdown.

China, South Korea, Germany, Switzerland and France have implemented, or are considering, bans or limitations on bitcoin trading. Several intergovernmental organizations have called for concerted action to rein in the obvious bubble. The U.S. Securities and Exchange Commission, which once seemed likely to approve bitcoin-based financial derivatives, now seems hesitant.

And according to Investing.com: "The European Union is implementing stricter rules to prevent money laundering and terrorism financing on virtual currency platforms. It's also looking into limits on cryptocurrency trading."

We may see a functional, widely accepted cryptocurrency someday, but it won't be bitcoin.

... But a Boost for Crypto Assets

Good. Getting over bitcoin allows us to see where the real value of crypto assets lies. Here's how.

To use the New York subway system, you need tokens. You can't use them to buy anything else... although you could sell them to someone who wanted to use the subway more than you.

In fact, if subway tokens were in limited supply, a lively market for them might spring up. They might even trade for a lot more than they originally cost. It all depends on how much people want to use the subway.

That, in a nutshell, is the scenario for the most promising "cryptocurrencies" other than bitcoin. They're not money, they're tokens - "crypto-tokens," if you will. They aren't used as general currency. They are only good within the platform for which they were designed.

If those platforms deliver valuable services, people will want those crypto-tokens, and that will determine their price. In other words, crypto-tokens will have value to the extent that people value the things you can get for them from their associated platform.

That will make them real assets, with intrinsic value - because they can be used to obtain something that people value. That means you can reliably expect a stream of revenue or services from owning such crypto-tokens. Critically, you can measure that stream of future returns against the price of the crypto-token, just as we do when we calculate the price/earnings ratio (P/E) of a stock.

Bitcoin, by contrast, has no intrinsic value. It only has a price - the price set by supply and demand. It can't produce future streams of revenue, and you can't measure anything like a P/E ratio for it.

One day it will be worthless because it doesn't get you anything real.

Ether and Other Crypto Assets Are the Future

The crypto-token ether sure seems like a currency. It's traded on cryptocurrency exchanges under the code ETH. Its symbol is the Greek uppercase Xi character. It's mined in a similar (but less energy-intensive) process to bitcoin.

But ether isn't a currency. Its designers describe it as "a fuel for operating the distributed application platform Ethereum. It is a form of payment made by the clients of the platform to the machines executing the requested operations."

Ether tokens get you access to one of the world's most sophisticated distributed computational networks. It's so promising that big companies are falling all over each other to develop practical, real-world uses for it.

Because most people who trade it don't really understand or care about its true purpose, the price of ether has bubbled and frothed like bitcoin in recent weeks.

But eventually, ether will revert to a stable price based on the demand for the computational services it can "buy" for people. That price will represent real value that can be priced into the future. There'll be a futures market for it, and exchange-traded funds (ETFs), because everyone will have a way to assess its underlying value over time. Just as we do with stocks.

What will that value be? I have no idea. But I know it will be a lot more than bitcoin.

My advice: Get rid of your bitcoin, and buy ether at the next dip.

Ted Bauman joined The Sovereign Investor Daily in 2013. As an expat who lived in South Africa for 25 years, Ted specializes in asset protection and international migration. Read more of what he has to say about offshore living here.

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The Wild West Crypto Show Continues

Here is a question that comes up often: How do I choose which crypto currency to invest in - aren't they all the same?

There is no doubt that Bitcoin has captured the lion's share of the crypto currency (CC) market, and that is largely due to its FAME. This phenomenon is much like what is happening in national politics around the world, where a candidate captures the majority of votes based on FAME, rather than any proven abilities or qualifications to govern a nation. Bitcoin is the pioneer in this market space and continues to garner almost all of the market headlines. This FAME does not mean that it is perfect for the job, and it is fairly well known that Bitcoin has limitations and problems that need to be resolved, however, there is disagreement in the Bitcoin world on how best to resolve the problems. As the problems fester, there is ongoing opportunity for developers to initiate new coins that address particular situations, and thus distinguish themselves from the approximately 1300 other coins in this market space. Let's look at two Bitcoin rivals and explore how they differ from Bitcoin, and from each other:

Ethereum (ETH) - The Ethereum coin is known as ETHER. The main difference from Bitcoin is that Ethereum uses "smart contracts" which are account holding objects on the Ethereum blockchain. Smart Contracts are defined by their creators and they can interact with other contracts, make decisions, store data, and send ETHER to others. The execution and services they offer are provided by the Ethereum network, all of which is beyond what the Bitcoin or any other blockchain network can do. Smart Contracts can act as your autonomous agent, obeying your instructions and rules for spending currency and initiating other transactions on the Ethereum network.

Ripple (XRP) - This coin and the Ripple network also have unique features that make it much more than just a digital currency like Bitcoin. Ripple has developed the Ripple Transaction Protocol (RTXP), a powerful financial tool that allows exchanges on the Ripple network to transfer funds quickly and efficiently. The basic idea is to place money in "gateways" where only those who know the password can unlock the funds. For financial institutions this opens up huge possibilities, as it simplifies cross-border payments, reduces costs, and provides transparency and security. This is all done with creative and intelligent use of blockchain technology.

The mainstream media is covering this market with breaking news stories almost every day, however, there is little depth to their stories... they are mostly just dramatic headlines.

The Wild West show continues...

The 5 stocks crypto/blockchain picks are up an average of 109% since December 11/17. The wild swings continue with daily gyrations. Yesterday we had South Korea and China the latest to try to shoot down the boom in cryptocurrencies.

On Thursday, South Korea's justice minister, Park Sang-ki, sent global bitcoin prices temporarily plummeting and virtual coin markets into turmoil when he reportedly said regulators were preparing legislation to ban cryptocurrency trading. Later that same day, the South Korea Ministry of Strategy and Finance, one of the main member agencies of the South Korean government's cryptocurrency regulation task force, came out and said that their department does not agree with the premature statement of the Ministry of Justice about a potential cryptocurrency trading ban.

While the South Korean government says cryptocurrency trading is nothing more than gambling, and they are worried that the industry will leave many citizens in the poor house, their real concern is a loss of tax revenue. This is the same concern every government has.

China has grown into one of the world's biggest sources of cryptocurrency mining, but now the government is rumoured to be looking into regulating the electric power used by the mining computers. Over 80% of the electrical power to mine Bitcoin today comes from China. By shutting down miners, the government would make it harder for Bitcoin users to verify transactions. Mining operations will move to other places, but China is particularly attractive due to very low electricity and land costs. If China follows through with this threat, there will be a temporary loss of mining capacity, which would result in Bitcoin users seeing longer timers and higher costs for transaction verification.

This wild ride will continue, and much like the internet boom, we will see some big winners, and eventually, some big losers. Also, similar to the internet boom, or the uranium boom, it is those who get in early who will prosper, while the mass investors always show up at the end, buying in at the top.

Stay Tuned!

Martin Straith - http://www.thetrendletter.com

Article Source: http://EzineArticles.com/expert/Martin_Straith/60665

How to Create Engaging Content for Content Marketing

Content marketing is about creating engaging, useful and value-adding content to the readers, often forming the foundation for a strong digital marketing project.

Content is increasingly important as Google and other search engines are placing heavy greater emphasis on value-adding their users, as well as on-site user experience. These are easily traceable and measurable from Google's range of software, from Google Analytics to Google webmaster tool.

We have talked about how having a good Search Engine Optimisation (SEO) can help you in your digital marketing campaign, as well as go through the step-by-step process on how to improve SEO. We have also talked about local SEO, where a new local website can have advantage over matured sites with thousands of ads dollars to rank well on Google.

How does Content Marketing fit in Digital Marketing?

Content marketing is used to sustain the readers' attention through many different ways.

One easy use could be to improve the number of page views per visitor in Google. Another could be to increase the average time your visitors stay on site. Another one could be to decrease the bounce rates.

Content marketing is not only done on your website - it could be used with email marketing, social media marketing, advertising, press releases and many more other channels.

Content marketing Agencies is future foundation of all of your online marketing strategies.

What do you need to create a good content?

Through many projects and experimentations, we found that a good content should aim to achieve the following pointers:

The content needs to be engaging
The article has to be credible
The content should be authoritative
The content should be educational and teaches something to the readers
Engaging
First of all a genuine successful content marketing is one that disarms readers of their first encounter and engaged the readers on a one-to-one basis.

Good content should directly be relevant to your targeted consumers.

One way is to write in a conversional form as readers prefer to read an article that address directly to them.

Credible

Content must be credible as it directly addresses the company's image.

Effectively using this strategy helps a company become a trusted and reliable source for the readers and potential clients.

Authoritative

Showing more authoritative as compared to other competitors in the same field or specialisation will give your business an edge over them. There will be more trust build between you and your potential consumers naturally.

Educational

The main focus of marketing content is to build the company's branding, not to advertise your products.

Ultimately, a good content is to provide values and educational purposes - a new perspective, insightful information.

When we talk about educational content, it should be content that will value-add the readers' lives, be it helping them know more about how your products can ease the problems they face in their lives or just purely information that can benefit them.

Don't forget to make your content share-worthy to their family and friends.

How to create engaging content for my content marketing strategy?

How do we start? Here is an easy template which you can immediately use for your own content marketing strategy:

First we can identify keywords with potential to let us reach out to our potential clients and readers
We can also write content about solving a problem that your potential customers and readers face
Lastly, we can talk about current event and news
What are the various resources we can tap on to create engaging content?
Google Trends

One of the way is Google trends, which we can start as a research tool. You can find out what keywords are in your niche right now and what keywords are on the rise.

(Pictures on usage)

Trends.Google.com

Competitors' Sites

Look at articles and content with the most:

Views
Comments
Social shares
Niche Forums
This is about researching on forums in your niche and finding out what are the most popular topics within your niche. Question and answer sites are a good start, but generally you want to target forums where your potential clients are using.

Our Content Marketing Companies can easily explain to create content based on these topics and share them on forums, make them as valuable and informational as possible so it can benefit readers the most.

Xhin Wang working as a content writer and content marketing expert in The Leading Solution; Leading Solution was created to remove your pain from marketing. They integrate powerful, proven marketing strategies specifically tailored to your company. The main reason why many businesses falter and fail is due to the lack of marketing, branding, and differentiation - and Leading Solution solves these problems. We work tirelessly to provide the highest quality marketing strategies for your company.

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6 Incredible Benefits Of the Cryptocurrency

Over the past few years, people have been talking a lot about cryptocurrency. At first, this business sounded scary but people started developing trust in it. You may have heard of Ether and Bitcoin. They both are crypto currencies and use the Blockchain Technology for highest security possible. Nowadays, these currencies are available in several types. Let's know more about it.

How Can cryptocurrency help you?

As far as fraud is concerned, this type of currency can't be faked as it's in digital form and can't be reversed or counterfeited unlike the credit cards.

Immediate settlement

Buying real property involves third parties, such as lawyers and notary. So, delays can occur and extra costs may incur. On the other hand, Bitcoin contracts are designed and enforced in order to include or exclude third parties. The transactions are quick and settlements can be made instantly.

Lower fees

Typically, there is no transaction fee if you want to exchange Bitcoin or any other currency. For verifying a transaction, there are minors who get paid by the network. Although there is zero transaction fee, most buyers or sellers hire the services of a third-party, such as Coinbase for the creation and maintenance of their wallets. If you don't know, these services function just like Paypal that offers a web-based exchange system.

Identification of theft

Your merchant gets your full credit line when you provide them with your credit card. This is true even if the transaction amount is very small. Actually, what happens is that credit cards work based on a "pull" system where the online store pulls the required amount from the account associated with the card. On the other hand, the digital currencies feature a "push" mechanism where the account holder sends only the amount required without any additional information. So, there is no chance of theft.

Open access

According to statistics, there are around 2.2 billion people who use the Internet but not all of them have access to the conventional exchange. So, they can use the new form of payment method.

Decentralization

As far as decentralization is concerned, an international computer network called Blockchain technology manages the database of Bitcoin. In other words, Bitcoin is under the administration of the network, and there is no central authority. In other words, the network works on a peer-to-peer based approach.

Recognition

Since cryptocurrency is not based on the exchange rates, transaction charges or interest rates, you can use it internationally without suffering from any problems. So, you can save a lot of time and money. In other words, Bitcoin and other currencies like this are recognized all over the world. You can count on them.

So, if you have been looking for a way to invest your extra money, you can consider investing in Bitcoin. You can either become a miner or investor. However, make sure you know what you are doing. Safety is not an issue but other things are important to be kept in mind. Hopefully, you will find this article helpful.

Bitmora is the new game changing development of today. If you are into digital currencies, we suggest that you check out Bitmora cryptocurrency exchange.

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The Basics of Cryptocurrency and the Way It Works

In the times that we're living in, technology has made unbelievable advancement as compared to any time in the past. This evolution has redefined the life of man on almost every aspect. In fact, this evolution is an ongoing process and thus, human life on earth is improving constantly day in and day out. One of the latest inclusions in this aspect is cryptocurrencies.

Cryptocurrency is nothing but digital currency, which has been designed to impose security and anonymity in online monetary transactions. It uses cryptographic encryption to both generate currency and verify transactions. The new coins are created by a process called mining, whereas the transactions are recorded in a public ledger, which is called the Transaction Block Chain.

Little backtrack

Evolution of cryptocurrency is mainly attributed to the virtual world of the web and involves the procedure of transforming legible information into a code, which is almost uncrackable. Thus, it becomes easier to track purchases and transfers involving the currency. Cryptography, since its introduction in the WWII to secure communication, has evolved in this digital age, blending with mathematical theories and computer science. Thus, it is now used to secure not only communication and information but also money transfers across the virtual web.

How to use cryptocurrency

It is very easy for the ordinary people to make use of this digital currency. Just follow the steps given below:

You need a digital wallet (obviously, to store the currency)
Make use of the wallet to create unique public addresses (this enables you to receive the currency)
Use the public addresses to transfer funds in or out of the wallet
Cryptocurrency wallets

A cryptocurrency wallet is nothing else than a software program, which is capable to store both private and public keys. In addition to that, it can also interact with different blockchains, so that the users can send and receive digital currency and also keep a track on their balance.

The way the digital wallets work

In contrast to the conventional wallets that we carry in our pockets, digital wallets do not store currency. In fact, the concept of blockchain has been so smartly blended with cryptocurrency that the currencies never get stored at a particular location. Nor do they exist anywhere in hard cash or physical form. Only the records of your transactions are stored in the blockchain and nothing else.

A real-life example

Suppose, a friend sends you some digital currency, say in form of bitcoin. What this friend does is he transfers the ownership of the coins to the address of your wallet. Now, when you want to use that money, you've unlock the fund.

In order to unlock the fund, you need to match the private key in your wallet with the public address that the coins are assigned to. Only when both these private and public addresses match, your account will be credited and the balance in your wallet will swell. Simultaneously, the balance of the sender of the digital currency will decrease. In transactions related to digital currency, the actual exchange of physical coins never take place at any instance.

Understanding the cryptocurrency address

By nature, it is a public address with a unique string of characters. This enables a user or owner of a digital wallet to receive cryptocurrency from others. Each public address, that is generated, has a matching private address. This automatic match proves or establishes the ownership of a public address. As a more practical analogy, you may consider a public cryptocurrency address as your eMail address to which others can send emails. The emails are the currency that people send you.

Understanding the latest version of technology, in form of cryptocurrency is not tough. One needs a little interest and spend time on the net to get the basics clear.

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How to Trade Cryptocurrencies - The Basics of Investing in Digital Currencies

Whether it's the idea of cryptocurrencies itself or diversification of their portfolio, people from all walks of life are investing in digital currencies like. If you're new to the concept and wondering what's going on, here are some basic concepts and considerations for investment in cryptocurrencies.

What cryptocurrencies are available and how do I buy them? 

With a market cap of about $278 billion, Bitcoin is the most established cryptocurrency. Ethereum is second with a market cap of over $74 billion. Besides these two currencies, there are a number of other options as well, including Ripple ($28B), Litecoin ($17B), and MIOTA ($13B). Being first to market, there are a lot of exchanges for Bitcoin trade all over the world. BitStamp and Coinbase are two well-known US-based exchanges. Bitcoin.de is an established European exchange. If you are interested in trading other digital currencies along with Bitcoin, then a crypto marketplace is where you will find all the digital currencies in one place. Here is a list of exchanges according to their 24-hour trade volume.

What options do I have to store my money?

 Another important consideration is storage of the coins. One option, of course, is to store it on the exchange where you buy them. However, you will have to be careful in selecting the exchange. The popularity of digital currencies has resulted in many new, unknown exchanges popping up everywhere. Take the time to do your due diligence so you can avoid the scammers. Another option you have with cryptocurrencies is that you can store them yourself. One of the safest options for storing your investment is hardware wallets. Companies like Ledger allow you store Bitcoins and several other digital currencies as well.

What's the market like and how can I learn more about it? 

The cryptocurrency market fluctuates a lot. The volatile nature of the market makes it more suited for a long-term play. There are many established news sites that report on digital currencies, including Coindesk, Business Insider, Coin Telegraph, and Cryptocoin News. Besides these sites, there are also many Twitter accounts that tweet about digital currencies, including @BitcoinRTs and @AltCoinCalendar. Digital currencies aim to disrupt the traditional currency and commodity market. While these currencies still have a long way to go, the success of Bitcoins and Ethereum have proven that there is genuine interest in the concept. Understanding the basics of cryptocurrency investment will help you start in the right way.

Salman Jaffry is an experienced content writer. He writes on various topics related to investment and finance. You can contact him him through his Skype ID: salman.jaffry or email: contactshj@gmail.com. Article Source: https://EzineArticles.com/expert/Salman_Jaffry/2496004 Article Source: http://EzineArticles.com/9851602