sakura Posted January 2, 2018 Author Report Share Posted January 2, 2018 Rule the market through a confident trading approach The key to success is confidence. The Foreign Exchange Market is a decentralized market that is meant for trading currencies. It is the Forex that determines the value of currencies. The magnetic power of money has motivated the investors to invest in stock markets. Earning money through equities is not an easy task. You need extensive research and lots of discipline, patience and confidence. You need to be able to interpret the market. Due to the volatility of a market, investors are in a continuous dilemma whether to invest or not. Market volatility causes the investors to lose trust in the stock market and shut themselves off from stock markets. Ideal investors must know how to deal confidently with this volatility. People who lack confidence cannot sustain the highs and lows of the marketing trends. Thinking about the winnings You need to be confident in order to trade efficiently. Trading efficiently helps to develop confidence. Confidence and perfect trading habits are almost equivalent. Low level of confidence can negatively affect trading performance. Thinking about your winnings can make you a winner. It is necessary to think about your wins, and it is necessary to consider the factors that result in the win. Important factors must be noted in a trading journal to record the trading policies that prompted the win. You must memorise trading techniques in order to acquire trading skill which will make you more confident in trading. For more detail : Rule the market through a confident trading approach Link to comment Share on other sites More sharing options...
sakura Posted January 3, 2018 Author Report Share Posted January 3, 2018 German Elections: Will Merkel hold on to power? Elections in economically powerful countries like Germany have always provided an opportunity traders can take advantage of, because of the market volatility that preceded them. The uncertainty that surrounds an election result creates turbulence in the markets, which are exactly the conditions traders need to make bigger profits on their trades. If recent history has taught us anything, it is to expect the unexpected when the German Election takes place on Sunday 24th September – regardless of what exit polls and the media are reporting will happen. EXIT POLLS ARE LESS RELIABLE THAN BEFORE Opinion polls have consistently predicted that Angela Merkel will secure a fourth consecutive election victory for her Christian Democratic Union (CDU) party and their sister party the Christian Social Union (CSU). However, exit polls are not as reliable as they once were. Britons were expected to vote against Brexit and Hilary Clinton was considered a more likely US President than Donald Trump. The pulse of the voter is far more difficult to anticipate, and more susceptible to change. The impact of social media and other, less predictable influencers, can have a significant effect on the opinions and perceptions of voters, especially in those critical last few days before the election itself takes place. No outcome is certain until the last votes have been cast. For more detail : German Elections: Will Merkel hold on to power? Link to comment Share on other sites More sharing options...
sakura Posted January 4, 2018 Author Report Share Posted January 4, 2018 Forex coaching pays dividends Trading forex is a bit like driving, if you don’t get a few lessons from someone who knows what they’re doing you’ll probably crash. A good forex trading coach will help you become a profitable trader far sooner than if you dive into trading without proper training. A good trading coach, much like a good driving instructor, is aware of the mistakes a novice is likely to make and is able to steer you around or away from them and can explain why a certain course of action or choice is the better option. Much like driving, most of us want to learn so that we can use it safely, frequently and of course successfully. Driving without caution or at high speeds, without understanding the dangers, mirrors unprofitable or high risk trading and inherently increases the chance of losing money. Once you’ve accepted that coaching is the best way to start the next step is choosing which coach is right for you. In most situations where you need an expert, your natural instinct is to gravitate to the best available. This is where most people run into their first hurdle, as the industry is littered with so-called ‘forex gurus’ but who are not even professional traders. A recommendation from someone you know and trust is always a good place to start, but if no-one you know can advise you on coaching for forex trading there are some things to look out for which will help you make an informed choice. ‘Try before you buy’ is a good way to get a better idea of the quality of the training a forex coach is able to provide, so it makes sense to look into some of the free training advice your potential coach might offer on their website. If the coach you’re looking at doesn’t offer any advice for free and is simply trying to sell you a product that makes some grand promises based on past performance it is best to stay clear. Another simple test to carry out is to discover if you are dealing with a real person. A forex coach who features in his or her own videos and uses their real name is more likely to be a genuine trader with something useful to offer. Try out the phone number, email or any other contact information provided and check out if they are really on the other end of that communication line. If they are present it means they’re also accountable and that is a sure sign they are confident in what they’re offering. For more detail : Forex coaching pays dividends Link to comment Share on other sites More sharing options...
sakura Posted January 5, 2018 Author Report Share Posted January 5, 2018 Strategies for successful trading decisions – going short or long The Forex market is quickly becoming the focus of attention for millions of new entrants as a result of its unique advantages. A large number of people have learnt how to make clever investment choices in order to take advantage of the market. Two strategies in Forex are going long and going short – once you understand these two strategies you will be able to make important decisions in order to be profitable. The two main strategies will be examined below. Going Short This trading strategy is when the base currency is sold in order to buy it at a later stage when the price begins to fall, resulting in a return from the transaction. For example, if the current GBP/USD is 1.5345 meaning we pay 1.5345 Dollars for one Pound Sterling, and we have $1000 dollars, we would sell the Dollars in order to purchase the Pound Sterling. This is carried out when the cost is expected to fall again in a short period of time. When the price GBP/USD falls to 1.5350, this means that more Dollars can be purchased with the same amount of Pounds that were obtained at the start. The additional dollars can be kept as profit which were earned by considering the dollar as the base currency. Risk in Short Position As with all financial markets, forex involves the same amount of risk. If the prices go in the exact opposite direction than originally expected, there will be a loss instead of a profit. For example, if the GBP/USD goes to 1.5340, you would not even get the same amount of Dollars that you sold initially. This strategy is only profitable if prices drop. For more detail : Strategies for successful trading decisions – going short or long Link to comment Share on other sites More sharing options...
sakura Posted January 8, 2018 Author Report Share Posted January 8, 2018 Factors causing foreign exchange volume growth The foreign exchange market is now considered to be the largest market in the world. The huge success of the market is down to the fact that it deals in the only asset in the world that possesses complete market liquidity: money. The foreign exchange market deals essentially in the trading of currency, which means buying one currency by exchanging it for another. The value of currencies relative to each other is constantly fluctuating. It allows people to gain a profit by buying a currency during a period of stability and then selling it off if the value of the currency rises. The dollar is often considered to be the most stable currency as the American dollar is known for its solidity and stability. However, this once highly regarded currency seems to be experiencing a downward trend. Several factors have resulted in the depreciation of the American dollar after an unexpected foreign exchange volume growth of currencies being exchanged in the market. Recently, America has made certain economic and political moves that many countries considered to be hostile. In addition, America’s political strategies have had the opposite effect in certain countries where it was trying to gain political power. An example of this is America’s involvement in the lifting of sanctions against Iran. America’s under the table economic war against Iran has always been linked to nuclear weapons. The United States used its powerful economy and its status as the world’s major cultural exporter to leverage Iran’s abolition of its developing nuclear program. For more detail : Factors causing foreign exchange volume growth Link to comment Share on other sites More sharing options...
sakura Posted January 9, 2018 Author Report Share Posted January 9, 2018 Adapting to bulls and bears Bulls and Bears characterizes and defines the volatile market conditions. Bulls and Bears is a term which is common in the trading world, increasing the hopes of traders as well as shattering their expectations! But what do they really represent? Bulls and Bears actually describe market conditions, whether stocks and/or currencies are increasing or decreasing in value. They also demonstrate the mood of the investor, and indicate subsequent market trends. A bull market describes a market that is increasing which is shown by an increase in market share prices. This situation causes a psychological boom installing faith in investors and resulting in a positive long term trend. This tends to happen in countries with strong and solid economies with high employment levels. A bear market causes the opposite psychological effect; it characterizes a falling market with share prices continuously falling, so results in a downward trend persuading investors that this market decline will continue over the long term. It leads to an increase in unemployment as employers begin to dismiss workers. Characteristics of the Bull and Bear Markets Even though the Bull and Bear markets are mainly marked by the movement of stocks and currencies, they respond to other characteristics which investors should be informed about. The following factors are affected by both market types: Supply and Demand for Securities – the bull market exhibits a strong demand and weak supply for securities. Some investors purchase securities although a few sell; as a consequence, share prices increase as investors compete to secure available equity. In a bear market, the opposite happens as more people want to sell rather than buy. Supply is substantially higher than demand, and share prices fall sharply as a result. Investor Psychology – the behavior of the market is determined by how individuals understand market trend; investor psychology and attitude are essential to whether the market will increase or decrease. Stock market performance and investor psychology depend on each other. In a bull market, investors are hopeful about the market trend, so there is a positive mood; on the other hand, in a bear market, there is a negative attitude about the market as investors begin to transfer their money out of equities and into fixed-income securities until there is a positive trend. In summary, a fall in stock market prices affects investor confidence, and prompts investors not to invest their money in the market; as a result, the stock market declines. For more detail : Adapting to bulls and bears Link to comment Share on other sites More sharing options...
sakura Posted January 10, 2018 Author Report Share Posted January 10, 2018 Cryptocurrencies and gold: You need to take a position Any trader looking to make money on the markets needs to invest time researching before taking a position. If you do a search on cryptocurrencies it won’t be long before you’ll see an article that compares their merits against gold. Should you invest your hard-earned money in gold or cryptocurrencies? They ask, and variations on that theme. The number of these articles implies that they are somehow in competition with each other. But it’s a phoney war, as they both have a different role to play in the world of finance and in your portfolio. One of the reasons gold has stood the test of time is the stability it offers against the unpredictability of currencies and the sudden collapses that have taken place throughout history that can wipe out fortunes in an instant. Gold is the perfect way to hedge against risk, impervious to natural, financial or political disasters. Cryptocurrencies also offer a viable alternative to traditional currencies because they are decentralised, meaning no central authority can take it away from you. But they differ in tangibility. Gold has been around forever and relied upon for centuries. Cryptocurrencies have no history, they are so new people are still waking up to them and their possibilities. For more detail : Cryptocurrencies and gold: You need to take a position Link to comment Share on other sites More sharing options...
sakura Posted January 11, 2018 Author Report Share Posted January 11, 2018 Is time running out on US Dollar as the leading reserve currency? The might of the USD and its position as the leading reserve currency has been called into question by numerous analysts over the years. During periods of political and economic uncertainty doubts about the USD attract a wider audience, prompting further proclamations about its demise. Some analysts claim a collapse is imminent, others predict that it is just a matter of time and yet it remains the most highly traded currency in forex, the dominant currency in international trading and remains the leading reserve currency. It has history on its side and is clearly still trusted by its trading partners. But the question of its future warrants consideration as it comes under threat from the EUR and other currencies who may be ready to challenge the USD as the dominant reserve currency. TROUBLE FOR TRUMP’S ECONOMIC POLICY When US President Donald Trump came to power in 2016 he pledged policies that would propel the value of the USD to new levels. The objective was to boost US structural economic growth while at the same time reducing the US trade deficit. Trump’s plan was going to be achieved by making large investments in infrastructure and extensive tax reforms in combination with a highly protectionist trade policy. Thus far Trump’s plans have been hamstrung by political division and budget constraints. The US trade deficit continues to grow and there’s been little sign of the promised protectionism. Concurrently, doubts about the eurozone’s future, following the Grexit crisis and the shock of Brexit, have receded. Germany’s vision of economic convergence is shared by new French President, Emmanuel Macron, a pro-European reformist, and this axis has rejuvenated the EUR. It is pressing a strong claim, similar to when it was first launched, as a rival reserve currency as foreign investors shift capital into the eurozone. If US trade deficit continues to grow while the eurozone finally delivers on its potential, then a sustained period of EUR performance would follow and prove it might be a viable alternative to the USD as the leading reserve currency. It’s one of the key conditions that would make the prospect of a USD collapse easier to accept and navigate through. For more detail : Is time running out on US Dollar as the leading reserve currency? Link to comment Share on other sites More sharing options...
sakura Posted January 12, 2018 Author Report Share Posted January 12, 2018 An introduction to order flow trading An Introduction to Order Flow Trading Order Flow trading has been a profitable mode of trading. It offers professional and retail traders with information based benefits as it provides the complex step-by-step analysis of Order Flow in the form of intuitive charts that can easily be understood. People have been confused about what Order Flow Trading(OFT) is exactly. OFT simply focuses on trying to predict the prices of the stocks through pending orders of other traders. In proper anticipation of prices, you need to make sure that the traders whom you are considering have to have large orders. They must be active market participants who have pending orders. Frightening facts about Order Flow Trading Trade gurus advise traders to trade what they see and forbid them from trading what they think. The market is not supposed to move according to your thoughts and it should not. Picking levels can be a dangerous way to handle your trading which has been prohibited by professional traders, but then order flow trading cannot be done without picking levels. This is the reason why OFT has been frightening for many traders. Traders who had been mentally picking up levels and simultaneously watching the price charts discovered that the levels were all blown away. However, things can be different by using tight stop losses, and more importantly if you consider the picking levels carefully. For more detail : An introduction to order flow trading Link to comment Share on other sites More sharing options...
sakura Posted January 15, 2018 Author Report Share Posted January 15, 2018 Instant access to profits with the forex debit card FX brokers need to survive in the competitive FX industry, and to do this it has to continuously offer innovative and unrivalled products! The Forex Debit Card is the right way forward! Forex brokers are now giving their traders a branded forex debit card which offers a sequence of exclusive advantages. The greatest advantage is that all payments are made quicker and easier especially withdrawals which have been the worst nightmare for many FX brokers. Now it’s possible for traders to withdraw from their FX trading account at any time and from any place. The other benefits of a branded Forex debit card are that it can be used as any regular debit card; it is accepted worldwide at any ATM around the world. The card can also be used for point-of-sale payments everywhere, and most of them offer a free SMS notification of all transactions carried out. Account balances can be checked online anytime which means that finances can be easily managed. For more detail : Instant access to profits with the forex debit card Link to comment Share on other sites More sharing options...
sakura Posted January 16, 2018 Author Report Share Posted January 16, 2018 Technical and fundamental analysis The rule followed by all investors in all markets worldwide is that they are looking to earn money. However, if they closely analyse and assess the movement of the foreign exchange market or the stock market, they would discover that the nature of the investments being made in these markets, and the nature of the money being placed, is similar to an activity that is well known for either providing heavy losses or enormous profits. This activity is gambling. Businessmen who gamble for too long often find that they have run out of luck, and this loss of luck eventually leaves them on the streets after they lose everything. This is because gambling is an extremely high risk activity, and is partly based on luck. The high risk nature of this activity can result in profit if the gambler has good luck. However, the balance of probability states that the gambler’s luck will eventually run out, and when the gambler’s luck runs out, he will find that he has lost everything that he had previously earned. Hence, the smart businessman does not gamble often, and definitely never gambles with everything that he owns. Businessmen who become rich and remain rich usually take a more analytical approach to their investments, especially when these investments are applied in volatile markets such as the stock or foreign exchange market. For more detail : Technical and fundamental analysis Link to comment Share on other sites More sharing options...
sakura Posted January 17, 2018 Author Report Share Posted January 17, 2018 Learn to read between the lines to make better So, you’ve got the trading bug. You’ve made your first profits – albeit modest – by making safe trades. There are riskier trading strategies that can earn bigger profits. You know about them, you’ve been warned about them, and you’re not interested because the downside is too great. So how do top traders end up making so much more money? It’s not by taking bigger risks. Profitable traders earn more because they’re better at predicting and understanding how markets react to news and economic data. They read between the lines of the constant stream of information that is available on trading platforms to make more profitable judgements. The best traders use information to make a trade before the trend becomes visible to others. For profitable traders, breaking news stories and economic data is information to be deciphered into factors that can affect the market. It’s not easy. If it was everyone would do it. But it’s far from impossible, and can be learned. Understanding economic performance and what affects it is an area that profitable traders excel. What follows are examples that demonstrate the importance of being able to translate data and news into something meaningful. For more detail : Learn to read between the lines to make better trades Link to comment Share on other sites More sharing options...
sakura Posted January 18, 2018 Author Report Share Posted January 18, 2018 Strategies for successful forex trading Are you already a trader who is involved in the forex business and would like to further increase your knowledge of the stock exchange in order to become a more skilled trader? Or maybe you have just started forex trading and require all the relevant information about forex? Whatever the situation may be, it is your opportunity to start implementing what you have in mind. You can earn a large amount of money using these new forex trading strategies. You just need to monitor several forex indicators, and the rest is simple. Have you had enough of fighting against the foreign capital and the market? Are you annoyed with making attempts in forex trading that earn no profit? Or is it the difference of time zones that is causing problems in your trading? Eliminate all these problems today! Our strategies work automatically so you are not required to monitor the events in the market all the time. You can effectively manage the events while simultaneously enjoying the swing trading using these Forex trading strategies. Certainly several traders have already tried to employ our trading strategies and have achieved great results in the process. The major advantage of these Forex trading strategies is that you can follow the progress by using paper, in tabular form and on the real success stories. For more detail : Strategies for successful forex trading Link to comment Share on other sites More sharing options...
Cashofy Posted January 18, 2018 Report Share Posted January 18, 2018 Investing money in cryptocurrencies like ripple and bitcoin are the best option these days. We help you to apply for credit card that can help you to apply for the cryptocurrency. You can apply for the business loan, property loan, and personal loan with us also. 1 Link to comment Share on other sites More sharing options...
sakura Posted January 19, 2018 Author Report Share Posted January 19, 2018 Online trading platforms and stock exchanges The stock exchange market is one of the most liquid markets in today’s economic environment. Trading in shares on these markets is one of the most important activities nationally and globally as it is one of the most effective ways in which companies can increase capital with minimum loss. It also gives traders the opportunity to earn profits. Traders can choose to use one or both of the available channels to trade in stocks. These are online trading platforms and stock exchanges. The similarities and differences between online trading platforms and stock exchanges are outlined below in order to provide traders with appropriate information about which method to choose. Charging of Commissions The two methods have similarities because in the traditional stock exchange, the stock brokers will always charge a commission on every stock that is traded through them. The same is also true for online trading platforms because online brokers will also charge a commission on the traded stocks. Sometimes this is hidden in the costs, but in spite of what is usually said, they may not charge a lower rate than the stock exchanges. These rates vary from one online broker to another and sometimes may be higher than those in traditional stock exchanges. Capital Gains Tax Governments usually impose a stamp duty in form of a capital gains tax on any stock that is traded on the stock market. Regardless of the platform, whether it is stock exchanges or online platforms, the trading of shares will attract this tax. Level of Competence Required of Traders Although there is no minimum requirement with respect to trading experience required to trade in any of these markets, it should be a guide in deciding which platform to use. For more detail : Online trading platforms and stock exchanges Link to comment Share on other sites More sharing options...
sakura Posted January 22, 2018 Author Report Share Posted January 22, 2018 MetaTrader 4 UK- the major FX platform The MetaTrader4 (usually known as the MT4) is the most common choice of traders around the world. As Forex trading becomes more popular, software companies are continually launching new forex trading platforms to compete with MT4, but so far it is still the leading FX trading platform worldwide. The MetaTrader4 is a full cycle trading platform that includes back-office elements as well as front-end terminals. Therefore, with the MetaTrader4, a broker does not need any additional software to run the brokerage business. The MT4 is totally user-friendly for traders and offers a wide range of powerful tools such as financial instruments, databases, data feeders, and many others. The following advantages proves its popularity and increasing success. API –Application Program Interface, this allows the software to extend its functionality and integration with other systems. It also grants access to ready plug-ins designed to ease smooth operation of the platform. For more detail : MetaTrader 4 UK- the major FX platform Link to comment Share on other sites More sharing options...
sakura Posted January 23, 2018 Author Report Share Posted January 23, 2018 Is this the best time to get into cryptocurrency? The financial news has been filled with headlines about cryptocurrency for over a year now and this has undoubtedly played a part in the huge increase in value the likes of Bitcoin and the rest have experienced. While plenty acted quickly and got in on cryptocurrency, many other potential investors who have been cautiously considering making a move have held back fearing that the opportunity had gone when Bitcoin reached $20,000 and others like Ethereum and Ripple started making big gains. Warnings about bubbles, regardless of who was making them, have largely gone unheeded. New price records have been set then broken on a regular basis. However, a market correction was always going to happen. It’s been nothing like the drastic fall some commentators have predicted (remember Bitcoin was valued at around $900 in December 2016). However, on January 17 Bitcoin has tumbled to around $10,000 after reports that a ban on trading of cryptocurrencies in South Korea was possible. The fears of a regulatory crackdown sparked a domino effect on the broader cryptocurrency market with Ethereum dropping 23 per cent and Ripple 33 per cent on the same day. While some may view this as the beginning of the end of cryptocurrency trading, it’s more likely to be the breather this market will take while the new financial instruments that are growing up around cryptocurrencies settle in and the authorities firm up their decisions on how virtual coins will be regulated. This could be exactly the right time to make a shrewd investment in cryptocurrency while prices dip as some fear a complete collapse and others try to get out of cryptocurrency altogether. The evidence that cryptocurrency will be around for a lot longer is hard to ignore. Bitcoin futures have only just come into play. CME Group have launched their own futures contract. Just days ago, Goldman Sachs gave Bitcoin its biggest credibility boost yet after Bloomberg reported that it is setting up a cryptocurrency trading desk. This news was followed up by a nine-page report entitled Bitcoin as Money where they predict that cryptocurrency will be even bigger this year than it was in 2017. Even JP Morgan CEO Jamie Dimon said he regrets calling Bitcoin a fraud and according to a report in Forbes they will try to position themselves as a future clearinghouse for cryptocurrency. For more detail : Is this the best time to get into cryptocurrency? Link to comment Share on other sites More sharing options...
sakura Posted January 24, 2018 Author Report Share Posted January 24, 2018 Buckle up the Tesla ride is going to be bumpy This looks like the time for traders to bet against Tesla (TSLA) shares in the short term as the market reacts to reports that Model 3 electric vehicle (EV) deliveries are going to be delayed with news stories about escalating production costs, production line issues and lay-offs throwing doubt on the company’s ability to turn a significant profit on its new model. The chart above shows that after steep rise of 68% throughout the year the share price is showing signs of volatility. Barclays were among the first to advise their clients to short Tesla with their analyst Brian Johnson suggesting a $210 price target – well below the $340 consensus on Wall Street. Barclays feel Tesla’s November 19 announcement about truck production will be decisive in swaying investor confidence in the company. Tesla are projecting production targets of several million per year in the near future as well as significant progress in other business opportunities like battery storage. On the back of these projections some analysts have been uber-bullish about Tesla with Morgan Stanley’s Adam Jonas – who is widely followed on Wall Street – raising his 12-month price target from $317 to $379. Jonas is basing his outlook on a long-term perspective. Traditional manufacturers, like General Motors, have revealed plans to roll out their own EVs raising fears about Tesla’s ability to handle competition. However, Tesla have already made a huge investment in infrastructure for EVs (over $8 billion), on service centres, stores, galleries and the world’s largest battery factory as well as proprietary investment in superchargers and destination chargers globally. And this is where Tesla have a significant advantage over traditional manufactures. For more detail : Buckle up the Tesla ride is going to be bumpy Link to comment Share on other sites More sharing options...
sakura Posted January 25, 2018 Author Report Share Posted January 25, 2018 An introduction to order flow trading An Introduction to Order Flow Trading Order Flow trading has been a profitable mode of trading. It offers professional and retail traders with information based benefits as it provides the complex step-by-step analysis of Order Flow in the form of intuitive charts that can easily be understood. People have been confused about what Order Flow Trading(OFT) is exactly. OFT simply focuses on trying to predict the prices of the stocks through pending orders of other traders. In proper anticipation of prices, you need to make sure that the traders whom you are considering have to have large orders. They must be active market participants who have pending orders. Frightening facts about Order Flow Trading Trade gurus advise traders to trade what they see and forbid them from trading what they think. The market is not supposed to move according to your thoughts and it should not. Picking levels can be a dangerous way to handle your trading which has been prohibited by professional traders, but then order flow trading cannot be done without picking levels. This is the reason why OFT has been frightening for many traders. Traders who had been mentally picking up levels and simultaneously watching the price charts discovered that the levels were all blown away. However, things can be different by using tight stop losses, and more importantly if you consider the picking levels carefully. The Methods of Functioning of Order Flow Trading Picking up levels is really a tricky issue. OFT requires proper analysis power which is missed by most of the traders. With the aid of proper training, technology and proper support , you can master the art of picking levels to carry on with OFT. There are methods of Order Flow Trading: 1. Identifying the apparent resistance levels along with the likely support to be confirmed by the price action. Once the price arrives the expected level is the trading method preached by the knowledgeable traders. This is one of the methods of order flow trading since the method depends on the expectation that there are lots of orders on the various levels. For more detail : An introduction to order flow trading Link to comment Share on other sites More sharing options...
sakura Posted January 26, 2018 Author Report Share Posted January 26, 2018 Cryptocurrencies and gold: You need to take a position Any trader looking to make money on the markets needs to invest time researching before taking a position. If you do a search on cryptocurrencies it won’t be long before you’ll see an article that compares their merits against gold. Should you invest your hard-earned money in gold or cryptocurrencies? They ask, and variations on that theme. The number of these articles implies that they are somehow in competition with each other. But it’s a phoney war, as they both have a different role to play in the world of finance and in your portfolio. One of the reasons gold has stood the test of time is the stability it offers against the unpredictability of currencies and the sudden collapses that have taken place throughout history that can wipe out fortunes in an instant. Gold is the perfect way to hedge against risk, impervious to natural, financial or political disasters. Cryptocurrencies also offer a viable alternative to traditional currencies because they are decentralised, meaning no central authority can take it away from you. But they differ in tangibility. Gold has been around forever and relied upon for centuries. Cryptocurrencies have no history, they are so new people are still waking up to them and their possibilities. The sense of value that comes in physically holding gold can’t be replicated by cryptocurrencies. They don’t ‘feel’ as safe as gold because they rely on an internet connection, they can’t be seen, they can’t be held. For more detail : Cryptocurrencies and gold: You need to take a position Link to comment Share on other sites More sharing options...
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