Bitcoin Explained

Bitcoin is the first decentralized digital currency and payment network. It is an alternative currency which is used to send coins via the internet. Bitcoin is a cryptocurrency, meaning it uses cryptography to secure transactions. The Bitcoin protocol is an open source cryptographic protocol which operates on a peer-to-peer network and is therefore powered by its users with no central authority or middlemen such as a government or a bank. The “crypto-currency” concept was first described in 1998 by Wei Dai on the cypherpunks mailing list. In 2009, Satoshi Nakamoto, a pseudonymous...

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Japanese Candlestick Charts Explained

A Japanese candlestick chart is a form of bar-chart used to plot price movements of a derivative, security, or currency over time. Candlestick charts are believed to have been developed in the 18th century by Munehisa Homma, Japanese rice trader in the futures market. In Homma’s book “The Fountain of Gold – The Three Monkey Record of Money”, which he wrote in 1755, he claims that the psychological aspect of the market crucial to trading success and that traders’ emotions can significantly influence on rice prices. In his book, he observes that this fact can be used to position oneself...

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Trading on the Weekend Options

For some traders, Saturday and Sunday present the only spare time they have available for trading binary options. For other traders, being able to trade both during the week and on weekends a trader can add potential profit. Unfortunately, most of the main markets are closed on these days, decreasing the trading possibilities. Brokers are now recognizing that many traders prefer or need to trade during the weekends and therefore began to provide trade prospects in spite of some marketplace hour constraints. These are some of the options available for trading over the weekend. Most markets...

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Common Forex Trading Mistakes

There are common mistakes that Forex traders tend to commit while trading. In this article we will cover the most common mistakes Forex traders make which can be avoided with further knowledge, discipline and an alternative approach. Watching the Forex market too closely While keeping yourself updated with Forex news, there is a an extensive amount of market news that may confuse a trader, sifting through all of these variables and forging a trading strategy that is simple and effective can be a very a difficult task for beginner traders. New traders tend to watch the Forex market too...

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The Importance of Forex Regulation

The Forex market is the world’s largest financial market so far. In a globalized economy, the importance of the Forex market to the everyday consumer cannot be underestimated. The rate a currency can be exchanged in the Forex market determines the price consumers pay for products, vacations, the interest rate on deposits and loans and the rate of the return of our investments. Despite the importance of the Forex market, it continues to be largely unregulated. Forex transactions can be classified into two types – speculative and commercial. A speculative transaction is a transaction taken...

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Forex Trading Glossary

The Foreign Exchange Market – better known as Forex — is a worldwide market for buying and selling currencies. The Forex market has grown rapidly over the past few years and a lot of new traders join the Forex market every day. In this article we will explain the most common terms used in Forex trading. Broker – the intermediary between the seller and the buyer. Forex brokers usually earn money by setting a spread between the Bid and Ask prices. Foreign Exchange – Simultaneously buying a currency and selling another currency. Ask Price – also called the Offer Price, is the...

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