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Ways to spot and avoid crypto scams in 2024 The Cryptocurrency industry is arguably the fastest-growing industry globally. As mentioned in one of my articles, the cryptocurrency Alpha Coin ‘Bitcoin’ became the first asset to hit the trillion dollar market cap within two decades compared to the likes of Apple, Google, and Microsoft. Bitcoin…
Introduction Cryptocurrency has become a hot topic in recent years, with Bitcoin, Ethereum, and other digital currencies gaining significant attention and popularity. However, with the rise of cryptocurrency comes the potential for issues and problems, from fraudulent transactions to lost or stolen assets, the world of cryptocurrency can quickly become a nightmare for those who…
Bitcoin Price Jumps 15% Following US Regulatory Move Bitcoin’s price surged by 15% on Monday, marking the biggest one-day increase since November 2021’s market turmoil. The rise came after US authorities took steps to allay concerns about the health of the nation’s financial system, leading to a rally in shares of cryptocurrency companies. Bitcoin’s latest…
Crypto Trade Market at Risk Due to Banks Shutdown The digital asset market has experienced a turbulent year, including high-profile blow-ups. The recent shutdowns of SVB Financial Group’s Silicon Valley Bank, Silvergate Capital Corp., and Signature Bank add a new stress level. The shutdown of crypto-friendly bank Silvergate and the closure of its electronic payments…
Bitcoin Falls for Fourth Straight Day Amid Silvergate Bank Troubles The world’s largest cryptocurrency, Bitcoin, has hit a two-month low as a selloff in the digital asset market intensifies following the collapse of another industry leader. The cryptocurrency fell for the fourth consecutive day, dropping 5.7% on Thursday to trade around $20,800. Meanwhile, tokens like…
The Future of Stablecoins? Arthur Hayes Proposes Bitcoin-Backed NakaDollar Are you ready for the future of stablecoins? Arthur Hayes proposes the Bitcoin-backed NakaDollar, relying on exchanges to maintain the dollar peg. Arthur Hayes, the co-founder and former CEO of BitMEX, recently proposed a new stablecoin called NakaDollar that Bitcoin would back. The idea behind this…
Is Forex Trading Tax Free in USA? Forex trading is a popular investment option for traders looking to make a profit by speculating on the fluctuations of foreign currency exchange rates. It is a very broad industry and also very dynamic. Forex trading experience varies for every trader, and the processes in which the trades…
Cryptocurrency Trading for Beginners The cryptocurrency space is growing rapidly by the day, and with it comes a lot of opportunities. One of the most sort after opportunities is cryptocurrency trading, which is fast becoming a great way for cryptocurrency traders to earn their fortunes from the crypto industry. Therefore, in this article, we will…
Spread, Pip, Lot size, and Leverage in Forex Trading Spreads, Pips, Lot size, and leverage are important terms in forex trading that every beginner forex trader needs to know and understand in other to navigate the Forex market properly and profitably. In this article, we would be giving explaining these terms. Meaning of Leverage in Forex…
SENTIMENT INDICATORS Just as fundamental and technical analysis can help a forex trader improve their trading profit, sentiment analysis using sentiment indicators also helps a trader in profitable forex trading. Sentiment Indicators are basically indicators of crowd behavior in the Forex market. In other words, they measure the market’s pulse or the outlook of traders on…
What is Drawdown in Forex Trading? Drawdown in forex trading refers to the reduction in the value of a forex trader’s investment or the reduction in the amount of equity in a trading account over a period of time. It is a measure of the peak-to-trough decline of an investment or trading account. In simpler…
Cryptocurrency Guides for Beginners The cryptocurrency industry is fast growing and with it a lot of innovations, in over a decade, the industry has seen over $1 trillion dollars market capitalization making it to be the fastest-growing industry so far. As the industry evolves, due to the constant influx of capital and people, the need…
Profitable Forex Trading for Beginners It is the goal and aim of every Forex trader to become profitable in their trades, but that is easier said than done. Forex trading is a journey, and it’s always filled with losses as much as it is with profits, these two go hand in hand. What makes a…
Equity in Forex Trading Equity in Forex Trading refers to the amount of money in a trading account that is available for trading. It is an important concept because it determines the trader’s ability to open new positions and the level of risk they can take on. It is calculated by subtracting the margin used…
