News

What is Margin in Forex?

Margin in forex trading is essentially the required minimum capital that a trader needs to commit to open and maintain a trading position. This amount serves as security for the leverage extended by brokers. For example, with a 2% margin requirement, a trader can manage a $10,000 position by only depositing $200, effectively borrowing the remaining amount from the broker. Brokers determine margin as a percentage of the total trade size, which traders must provide to initiate a trade. Should the trader's account equity drop below the set maintenance margin, brokers have the right to call for additional funds to sustain the position. This margin serves as a protective measure against possible losses in trading.

2024-02-01 12:09
Forex

What is a pip in forex?

A “pip” in forex trading, short for “percentage in point”, represents the smallest price movement in the exchange rate of a currency pair. It is a standardized unit of measurement used to express the change in value between two currencies.

2024-02-01 13:40
Forex

What is a forex god?

The term “Forex God” stands as a metaphorical epitome of excellence in the field of foreign exchange trading. It's a label informally coined within the trader community, denoting an individual whose expertise and success in the forex market are extraordinary. These individuals are distinguished not just by their financial gains but also by their profound understanding of forex market intricacies, astute insights into global economic variables, and their ability to anticipate market shifts with remarkable precision.

2024-02-01 13:47
Forex

Where to buy bitcoin?

You can purchase Bitcoin through various platforms including cryptocurrency exchanges like Coinbase, Binance, and Kraken; peer-to-peer trading; Bitcoin ATMs; and direct commercial exchanges. Remember to set up a digital wallet for storage and always exercise safety and caution.

2024-01-26 10:55
Cryptocurrency

How does bitcoin work?

Bitcoin works by utilizing a technology called blockchain. Blockchain is a system of recording information in a way that makes it difficult or near impossible to change, hack, or cheat the system.

2024-01-25 16:51
Cryptocurrency

What is digital currency?

Digital currency is a type of currency that is only available in digital or electronic form, not in physical form like notes or coins. It allows for instantaneous transactions and borderless transfer of ownership. Examples include cryptocurrencies like Bitcoin, as well as digital payment systems like PayPal.

2024-01-26 13:37
Cryptocurrency

Is Crypto Over, Is There a Future?

It's impossible for any entity to definitively say if the era of cryptocurrency is over or predict its future with absolute certainty. The field is still quite young, vibrant, and volatile. Innovations, regulatory changes, and market dynamics could all significantly impact the future of cryptocurrencies.

2024-01-26 12:07
Cryptocurrency

What is the Forex Market?

The foreign exchange market (forex, FX (pronounced "fix"), or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the credit market.

2024-02-06 14:29
Forex

What is scalping in forex?

Scalping is a popular trading strategy used primarily in the Forex market, characterized by the execution of a large number of trades to capitalize on small price movements. Unlike other trading strategies that aim for significant price shifts and may hold positions for hours, days, or even weeks, scalping is all about speed and precision.

2024-02-01 12:05
Forex

How to Sell Bitcoins on a Cash App?

To sell Bitcoins on Cash App: Open Cash App and tap the Bitcoin tab on the home screen. Tap "Sell" and select the amount of Bitcoin you wish to sell. Confirm your identity if prompted. Review the details, then confirm the sale by tapping "Confirm." Ensure you have sufficient Bitcoin balance to complete the sale.

2024-05-30 15:42
Cryptocurrency

How to Send Bitcoins on Coinbase?

To send Bitcoins on Coinbase: 1. Log in to your Coinbase account. 2. Click on ‘Portfolio’ then find and select ‘Bitcoin.’ 3. Click ‘Send’. 4. Enter the recipient’s BTC address or email and the amount you want to send. 5. Review details, then confirm by clicking ‘Send now.’ Ensure the recipient's address is correct to avoid losing funds.

2024-05-30 11:32
Cryptocurrency

How to Trade Cryptocurrency and Make Profit?

To trade cryptocurrency and make a profit: Educate yourself on market trends and crypto basics. Choose a reliable exchange and start with a small investment. Develop a trading strategy (e.g., day trading, swing trading). Set clear profit targets and stop-loss orders. Regularly analyze performance and adjust strategies as needed. Always be aware of the volatility and risks involved in crypto trading.

2024-05-30 11:22
Cryptocurrency

How to transfer money from crypto.com to bank account?

To transfer money from Crypto.com to your bank account: 1. Open the Crypto.com app and go to the 'Fiat Wallet.' 2. Tap on 'Transfer,' then 'Withdraw,' and select 'Fiat.' 3. Choose the currency and enter the withdrawal amount. 4. Add your bank account details if not already done. 5. Confirm the transaction. Ensure your bank account is linked and verified for withdrawals.

2024-05-30 11:15
Cryptocurrency

How to Use Bitcoin on a Cash App?

To use Bitcoin on Cash App: 1. Open Cash App and tap the Bitcoin tab. 2. To buy Bitcoin, tap “Buy BTC,” select an amount, and confirm with your PIN or Touch ID. 3. To send Bitcoin, tap “Send,” enter the amount and recipient’s address, then confirm. 4. To receive Bitcoin, tap “Receive” to get your address. Ensure your account is verified to use Bitcoin features.

2024-05-30 10:52
Cryptocurrency

How to Sell Bitcoin on Coinbase?

To sell Bitcoin on Coinbase: Log in to your Coinbase account. Navigate to the "Prices" section and select Bitcoin. Click on "Sell." Enter the amount of Bitcoin you wish to sell. Choose your preferred payout destination. Review and confirm the transaction. Ensure you have your bank account linked if you want to cash out directly.

2024-05-29 14:17
Cryptocurrency

How to Get Money from Bitcoins?

To get money from Bitcoins: 1. Choose a cryptocurrency exchange that allows fiat withdrawals. 2. Transfer your Bitcoins to the exchange. 3. Sell your Bitcoins for your desired fiat currency (e.g., USD, EUR). 4. Withdraw the fiat currency to your linked bank account. Ensure you check the exchange's withdrawal fees and processing times.

2024-05-29 14:03
Cryptocurrency

How to Buy Bitcoins with Cash?

To buy Bitcoins with cash: 1. Find a Bitcoin ATM near you using services like CoinATMRadar. 2. Verify your identity at the ATM, depending on local regulations. 3. Insert cash into the ATM. 4. Enter your Bitcoin wallet address. 5. Confirm the transaction and receive Bitcoins directly into your wallet. Alternatively, use peer-to-peer platforms like LocalBitcoins to arrange a meeting with a seller who accepts cash.

2024-05-29 13:44
Cryptocurrency

Crypto adoption on the rise in Nigeria Uganda analysis

Crypto adoption is significantly increasing in Nigeria and Uganda, driven by economic factors and the need for financial inclusion. Both countries have seen a surge in the use of cryptocurrencies as alternatives to traditional banking systems, offering faster transactions and lower fees. This trend is particularly notable among the youth and small businesses looking for more accessible financial services. The rise is also fueled by the high mobile phone penetration in these regions, facilitating easier access to crypto platforms.

2024-05-29 12:31
Cryptocurrency