Bitcoin Vs Forex Trading
Bitcoin is a digital, decentralized currency that does not need a third party to function. This means that you are not dependent on banks, large corporations, or governments to move your money. With Bitcoin, the money is truly yours. Bitcoin was the world's first cryptocurrency and for eight years it has been running without any interruption, based on an extremely secure decentralized network called the Blockchain created by Satoshi Nakamoto.Bitcoin
Bitcoin has several properties and ways of use, but we will address a very specific one: bitcoin as a currency. But what are the advantages of bitcoin as a currency? There are many! We will highlight the main ones: freedom of payment, lower fees, security, privacy, control, and transparency.
No Bitcoin can be confiscated, you can send it to whomever you want for lower fees. In addition, it is secure and gives more privacy, control, and transparency in trading. However, Bitcoin can also be used as an investment for those who are looking to diversify their assets for better gains. Bitcoin has brought excellent returns and the trend is for it to become more popular in the long term.
Bitcoin safe?
A very common question is about the security of Bitcoin. Is it safe to have bitcoin? The answer is simple and was given in the video above by experts on the subject, bitcoin is safer than the money you have today in your bank. Knowing bitcoin you will know the level of security provided by it, it is far superior to those of traditional banks. In Bitcoin there is not a single point of failure, for some malicious actor to attack the network it would be necessary to break into millions of computers around the world, an impossible task. While in traditional banking systems there are only a few central servers and all transactions are hidden from the public.
Is it still worth investing in Bitcoins?
The best investment for you is the one that goes according to your investor profile. Therefore, to analyze whether bitcoin is a good option to be included in your investment portfolio, try to analyze whether you fit the type of investor who is bold. Analyze your personality, along with your financial goals, and decide if you like to invest in assets that may present high profitability due to their volatility. Another important tip is to count on qualified professionals and igneous and reliable companies in the financial market to guide you in the best possible way.
Forex
After being introduced as a derivative to trade, Forex, like Bitcoin, was met with much conflict and concern. Experts were the first to speak out against Forex, calling it "rigged," "over-leveraged," and "scam." However, more than two decades later, the world is talking about Forex and successfully investing in it.
Known as foreign exchange, Forex is a decentralized global market that supports the trade of all the world's currencies. website Forex daily trading volume exceeds $5 trillion, making Forex not only the largest, but the most liquid market in the world. But what exactly is a Forex transaction?
As explained by Fxcm.com, once this type of transaction is made, "the forex exchange rate between the two currencies - based on supply and demand. The exchange rate fluctuates continuously." One of the biggest features of Forex trading is that one can trade it based on its fluctuations, i.e. people buy when the currency is rising and sell when it is falling.
Forex trading allows both individual users and trained, reliable Forex brokers to monitor the market for favorable changes . Essentially, the fx broker will monitor the market and currency fluctuations, and advise the currency owner when to invest and how much. This saves the investor a lot of time and money and helps him to make safer transactions.
The good and the bad of Forex
Forex trading is favored by its low costs in terms of fees and brokerage, it suits different trading styles and offers very high liquidity. Being an over-the-counter market, Forex has no central exchange which helps to avoid sudden surprises and keeps costs down. Volatility in Forex trading is the perfect way to make a profit if trades are made wisely; with 28 major currency pairs to trade, what's not to like?
In addition, the capital requirements are very low, opening up the possibility of making good money even if you start out small. However, Forex's lack of transparency, high risk and leverage, as well as the CPDP (Complex Pricing Process) make it less attractive. High volatility is also a factor, as large losses are at stake since there is no control over macroeconomic and geopolitical developments.