Finance

Forex Trading And Cryptocurrency Trading

Currently, there are various ways as to how individuals trade forex, such as the use of forex vps, as well as other assets in the industry of finance. With the launch of numerous digital currencies via the blockchain technology, the platforms for trading have taken an entirely different stance.

In recent past, traditional forex trading platforms have encountered several hitches and challenges. However, the key appears to be provided by the range of available digital currencies running on the platform of blockchain technology. So as to completely understand this, it is vital to know what a blockchain is.

It has been mentioned several times in different industries, the blockchain technology is a series of blocks linked together and is made accessible via a public ledger. This public ledger is circulated among crypto users on the technology’s network which is quite advantageous for numerous reasons, such as data security, swift transactions, global reach as well as better financial security.

Forex Trading

The market of foreign exchange is the hugest global market that is decentralized where various currencies are traded from various individuals across the globe. Via the numerous platforms for forex trading, over 5 trillion US dollars traded daily. The forex market is the most liquid in the globe.

By means of forex trading as well as its numerous platforms for trading, there are opportunities for investment that encompass the profitability of involved participants. From a newbie, you could fully turn into a professional trader in a short span of time. To achieve this, an online platform for forex trading is needed.

Cryptocurrency Trading

Different from traditional currencies or fiats, cryptocurrencies (digital currencies) are completely decentralized and operate on the platform of the blockchain technology for diverse uses. Cryptocurrencies aren’t controlled or dominated by whichever central administrator increasing the usefulness, efficacy and use of these cryptocurrencies.

Crypto trade is very distinct from the conventional method of trading, since digital currencies are traded instead of the usual fiat currencies through crypto trading platforms that runs on the platform of blockchain technology as well.

It is a potent skill to learn to trade cryptocurrencies. Generating a profit on platforms for forex trading is essentially depended on difference in values, on the other hand, cryptocurrencies as well as other digital assets are known for their volatility where values always change. Therefore, you have to know and understand which crypto to buy and sell, when and at what price to generate profit.

Trading Crypto On Trading Platforms

Comparable to the traditional forex trading platforms, crypto trading platforms are used for the trade and exchange of digital currencies. Cryptocurrency trade is done between two factions by buying or selling other cryptocurrencies or by exchanging crypto with fiat currency. All these are possible depending on the platform for trading as well as its policies.

Posted by Ned Queen in Cryptocurrency, Finance

Equity Release : An Option Available to Seniors in Boosting Financial Security and in Managing Effects of an Imminent Recession

As fears of economic recession are slowly creeping in across the U.S. and the UK, making preparations to boost one’s financial security will prove to be a wise move. Leaders arriving at solutions for different political issues, such as the ongoing U.S. trade wars and the No-Brexit deal in the UK, seem far from happening.

Inasmuch as forecasts of global economic conditions present dim and cloudy possibilities, making preparations for the future can help ease the impact of a recession especially among seniors. After all, most senior citizens live off on pensions upon retirement. If ever economic recession transpires, the value of those pensions might not suffice to meet their basic needs.

Consider the Benefit of Cashing Out on a Property by way of Equity Release

If you are aged 55 or above, a sensible proactive move is to take out the potential wealth afforded by your real property by way of equity release. That way you can bolster your financial security as a senior citizen, whether or not recession happens. There is no harm in taking advantage of an equity release as soon as you become eligible, since you do not have to worry about repaying the principal and interest during your lifetime.

To help you decide, find out how much cash you can take out by getting hold of an online equity release calculator. Moreover, explore the different methods and the terms offered by lenders before agreeing to an equity release transaction.

What is an Equity Release

An equity release furnishes a no-worry type of getting hold of money using your real estate as collateral. Although similar to a mortgage, money taken out by equity release and the related interests, become due only upon your death or once you move in to a nursing home.

This denotes that the property you collateralised will be used as a means of settling the financial obligation contracted via an equity release arrangement. However, there is a likely possibility that the value of the estate you will leave behind as legacy, will be lower. That being the case, do not fall prey to enticements about investing your equity money on shady schemes, or on risky investments like cryptocurrency.

Why Investing In Cryptocurrency is Risky

Investing your money in cryptocurrency, presents great risks. First off, the blockchain platform supporting cryptocurrency transactions is still a young technology, which so far, has not developed into a sturdy infrastructure. Introduced about ten years ago, cryptocurrency operations have been hit with a number of unsolved cases of fraud and cyber theft.

More importantly, the cryptocurrency market operates on a volatile environment that is reliant on technology not supported by government regulations. Since there are no clear and specific rules governing cryptocurrency exchanges, there is always the risk of losing money. This is especially true if unscrupulous individuals manipulate exchanges in order to create a bubble economy; or introduce new applications that can circumvent guardrails securing the blockchain platform.

Even if touted as a safer alternative to carrying cash around, or for shielding your financial activities from prying eyes, only a few establishments accept cryptocurrency as mode of payment. As senior citizens, money acquired from equity release is best used for keeping your life as comfortable as possible from golden, to sunset and eventually, to twilight years

Posted by Madelina Feliks in Cryptocurrency, Finance

Cryptocurrency: A Worthwhile Investment

When you get into an automobile accident, you have to straighten out car accident claims and settlement. Such incident could deplete your finances, which is why there are companies that offer loans to avoid financial strains. For instance, the American Pride Legal Funding or APLF could provide you with car accident settlement loans, and could be issued within 24 hours of approval.

There are, however, other contemporary ways of taking out a loan for settlements as well as for other purposes, such as consolidating debt, home improvement, education, or medical bills to name a few. For cryptocurrency holders, a crypto loan is a possibility.

What is a Crypto Loan?

Any kind of loan that have to do with cryptocurrency or digital currency is a crypto loan. They could refer to loans in cryptocurrency or to loans that are backed by cryptocurrency as a collateral. Even though some lenders offer loans in different kinds of crypto, they label and market these digital currency loans as “bitcoin loans.”

Why Invest in Cryptocurrency?

Subsequent to the sudden upsurge of value of certain kinds of digital currencies, cryptocurrency has generated an atmosphere of delight and excitement, even for those who aren’t familiar with cryptocurrency. It has become a trend that people worldwide invest in cryptocurrencies for real and open-minded reasons, and they have benefited from it in unbelievable and incredible ways.

So, why are cryptocurrencies a worthwhile investment? Here some reasons:

SAFE AND TRUSTED

Today, cryptocurrency is preferred by many because it is safe and trusted. With the world full of fraudulent individuals, a safe and trusted way for us to trade and make transactions is needed. With cryptocurrencies, it provides us that assurance making them a valuable source of investment at present and as well as the future.

DIRECT TRANSACTIONS

When it comes to cryptocurrency, a third-party to complete a transaction is eliminated. This means that you make direct transactions, hence you personally handle your finances and have that reassurance of safety. Since cryptocurrencies removes the need for a go-between, you could make transactions anytime and anywhere.

ZERO TO LOW-COST TRANSACTIONS

When transacting with cryptocurrency, transaction costs are quite low. You don’t have to cough up a huge sum of money so as to exchange cryptocurrencies. What you basically need to complete a transaction is your mobile device, such as smartphone, a specific crypto software as well as a rudimentary knowledge of digital currencies.

SAFE STORAGE

Cryptocurrencies are stored in a safe wallet. Storing your digital currencies in these wallets allows you to easily transfer your funds in your account. Furthermore, theirs is no cost so as to store your crypto in these wallets.

HAVING CONTROL OF YOUR FINANCES

The quantity of money that you intend to invest is up to you. Moreover, with cryptocurrencies, you have the option to purchase them in fractions. For instance, if you think one bitcoin is excessive, you have the choice to divide it and purchase one-third or half of it. This trims down the rate for you and doesn’t necessitate you to expend beyond your limits. Utilizing a crypto converter, you would be able to know the value of any crypto in your nation’s currency, hence you could invest correctly.

Posted by Ned Queen in Cryptocurrency, Finance