Litecoin Brokers: What Is Litecoin?

Litecoin is a decentralized online currency. It can be used to purchase internet services, such as website development or goods, such as jewelery or other related accessories. The great thing about Litecoin is that it provides merchants with a safe and easy way to accept money, as there are no fees when sending or receiving…

Litecoin is a decentralized online currency. It can be used to purchase internet services, such as website development or goods, such as jewelery or other related accessories. The great thing about Litecoin is that it provides merchants with a safe and easy way to accept money, as there are no fees when sending or receiving funds. You will also find that all payments are recorded via an online system, otherwise known as the blockchain. This enables the payment receiver to immediately verify the payment and the user, without having to research it all by hand.

Litecoin Worldwide

Litecoins can be used worldwide, by anyone. The fees experienced by Litecoin users are significantly lower when compared to that of credit card companies and bank transfers. For example, a customer in France can receive a payment from someone in New York within seconds, with both parties obtaining clear proof that the transaction has gone through while also having it stored on the blockchain system. Litecoin uses software which allows you to send payments, much like sending an email. It is worth knowing that there will only ever be 84 million litecoins, so you do not need to worry about inflation affecting the overall value of your currency. Many people make changes using litecoins, with millions of trades happening every day. These exchanges are often used to trade Euros, dollars and more into litecoins, so the possibilities really are endless. This also enables users to protect their financial investments by trading their physical currency into litecoins, so exports can happen without worry of the new currency depreciating in value.

Whatever you need, litecoins can be a great way to make online purchases, not to mention that they can also help you protect your own finances by protecting you from inflation and other external effects that might affect the value.

Forex Trading, The Solution to Kenya’s Unemployment Problem

Youth in Kenya are experiencing much higher unemployment rates than the rest of the Kenyan population, youths aged 15-19 and 20-24 years had unemployment rates of 25 percent and 24 percent, respectively, almost twice as much as the overall unemployment of 12.7 percent for the whole work.This is made worse by the growing problem of…

Youth in Kenya are experiencing much higher unemployment rates than the rest of the Kenyan population, youths aged 15-19 and 20-24 years had unemployment rates of 25 percent and 24 percent, respectively, almost twice as much as the overall unemployment of 12.7 percent for the whole work.This is made worse by the growing problem of terrorism from the Al-Shabaab Militia group. The recent wave of terrorism has foreign investors skeptical about Kenya. Tourism which is a major part of the Kenyan economy has also been hit hard because of this. These and many other factors are leading to the growing problem of unemployment.

Kenyans are very much used to the traditional setup of getting an education followed by a Job. It's high time Kenyans started to think out of the box and create employment for themselves. With the installation of the Fiber Optic Cable in most parts of urban Kenya, many online ventures come on to the scene. One such venture is Forex Trading. It is gaining popularity at such a fast rate that it is threatening to overshadow every other online venture.

When it comes to Forex Trading in Kenya, many youth from Nairobi have started learning and trading. While people from other areas are also starting to learn about it, their numbers still remain few.

Forex is one of the best ways you can start making money. It's easy to learn. There are many free learning resources available online. It does not require a huge starting capital. You can work part-time as a trader. Working hours are pretty much flexible. No such things as physical hard labor! Still suitable for non-finance professionals. Opening an account is easy, takes no time at all! Adding and withdrawing funds can be done instantly via credit / debit cards. Forex market is open 24/5. The list goes on and on.

Learning Forex Trading is not hard. Anyone with a passion to hard work and reading will be good at it in a month- at least as far as knowing how to trade a particular strategy is concerned. I would advise anyone interested to trade to open a Demo / Practice account and use it to learn.

Learning to trade can take a significant amount of time. If you seriously do want to start trading with real money, an easier way around the learning time is forex trading signals. Trading signals are alerts which tell you when to buy or sell a currency pair and at what price. If you follow a professional trader you can copy the trades they are making. There are many signal services out there, some free and some paid. Of course the paid ones being much better than the free ones.

There are a few local Kenyan Forex brokers working in Kenya and a few introductions brokers as well. Introducing brokers, help you open accounts with other brokers and offer Value added services. In return introducing brokers get paid by the broker they are working for.

Like any other business, Forex Trading requires due diligence. One needs to be careful and only invest money that they are willing to loose. Even with all the advantages of trading, it is still a risky business. Trading without adequate knowledge can result in significant losses.

Five Major Forex Trading Mistakes That Traders Make

Forex trading is unduly a great money-making platform. However, fact is even the most experienced traders tend to make mistakes that cost them in the long run. This samples a list of some of the greatest mistakes that forex traders commit and sheds lights on some of the best strategies that you can adopt to…

Forex trading is unduly a great money-making platform. However, fact is even the most experienced traders tend to make mistakes that cost them in the long run. This samples a list of some of the greatest mistakes that forex traders commit and sheds lights on some of the best strategies that you can adopt to avoid such pitfalls.

Not having a proper plan

This is actually one of the greatest mistakes that traders make in the market. In the absence of an effective strategic plan, traders work in the market based on speculations and as a result they meet losses and they end up putting the blame on their brokers instead. Without a clear definitive plan traders usually do not have a clear judgment on when to stop in the market and the right amount of money to invest initially. At the end of it all they end up spending minimal time in the market before they kicked out of business.

Unrealistic goals and expectations

Most traders tend to set rather unrealistic goals and objectives in the market and usually expect monetary returns too soon. However, they often end up committing too many mistakes in the cause of their trading not realizing that it requires a lot of patience and tolerance for one to be able to start enjoying lucrative profits.

Not having protective stops

Also most traders end up being pushed out of the forex market since they do not use protective stops. With protective stops you are able to gain a broad knowledge base of exactly how much money you bought to invest and whether you stand a chance of earning profits or not. Protective stops are unduly effective money management tools everyone should use.

Excessive leverage

Another common mistake that traders make in the market is taking out excessive leverage. Traders should have clear definitive picture of how leverage works and how exactly they can use it to make profits. Exercise a lot of caution when it comes to using leverage and see to it that you do not lose capital in the event that an abnormal move is made against you.

Overtrading

There are traders who tend to overtrade and they ever suffer from lethal losses. If you notice that you are incurring losses as you trade then you should put your investments on hold. Instead of persisting to trade to overcome the losses you should put your trades on hold first and focus your energies on diagnosing the reasons as to why you're trading is failing and find strategies of correcting the same.

Four Best Tips For Choosing An Ideal Forex Trading Platform

These days forex trading is not just limited to affluent traders, it has become an activity that nearly anyone can engage in. Although it can be overwhelming especially for inexperienced traders, it has the potential to bring about magnanimous profits for money that has been invested. You only need to have reliable internet access, register…

These days forex trading is not just limited to affluent traders, it has become an activity that nearly anyone can engage in. Although it can be overwhelming especially for inexperienced traders, it has the potential to bring about magnanimous profits for money that has been invested. You only need to have reliable internet access, register with a professional broker and use an expert money making platform and you stand a chance of succeeding. Different traders have various trading needs and styles and you should select a trading platform that addresses your trading style. Here are quick tips for choosing such a platform.

Regulatory compliance

Before choosing a platform it's vital that you investigate that it is indeed in line with the relevant regulatory organizations as well as entities. Regulatory compliance ensures market integrity by protecting you from promotional trading practices that online brokers might have.

Minimum margin requirements

Minimum margin requirement is another critical consideration you must factor in when choosing a trading platform. To open an account for trade brokers demand various margin requirements. Minimum margin requirements can range from as little as twenty dollars to a maximum of ten thousand dollars. In the event that your account falls lower than the minimum margin requirement for brokerage firms then you are charged a certain percentage fee. Therefore, as you select ideal platform youought to consider the minimum margin requirement for brokers so as to select the best one for your needs.

Service charges and fees

You should consider the fees and charges that come with using the platform you are considering. There are some online brokers who charge you every time you conduct a trade, others charge account maintenance costs while others do not charge you anything for using their platforms and their commission is due due to spread between bid ask currency pairs prices. Ensure that you determine all the hidden charges of brokers which add up to you overall trade charges and choose only those brokers with the best deals.

Payment and ease of withdrawals

Before you choose a trading platform it's important to consider the payment options that the broker has available for you. A broker may allow the use of PayPal, personal check credit card or wire transfer among other payment options and withdrawal options. Choose an option that is cost convenient for your needs. Ensure that the platform offers maximum server uptime and has a reliable reputation. Check and see if it offers support services such as trading analytics, investment options, reliable customer service as well as offers and promotions.

What Are Forex Spreads and How Are They Calculated?

The foreign exchange market is simply one example of capital market trading. In this market, traders basically swap currencies, with the expectation that buying a certain currency at a low price and selling it at a high price will end up netting the trader a tidy profit. The danger with trading in currency is that…

The foreign exchange market is simply one example of capital market trading. In this market, traders basically swap currencies, with the expectation that buying a certain currency at a low price and selling it at a high price will end up netting the trader a tidy profit. The danger with trading in currency is that the forex market is a fast paced market, and it is possible to end up with nothing after starting a trade with a lot of money in the bank. Successful traders are decent people who quickly spot risk and either can mitigate it or refrain from taking the plunge if the conditions are not conducive for profit making.

After you have opened your trading account and are ready to start making your fortune on the forex market, you will need to know what forex spreads are and how they are calculated. You will also need to be aware of the importance of understanding what these spreads mean for your forex trading future. In the currency market, trends are quoted in pairs. There is the base currency, which is the first currency of choice for a trader, and the quote currency, which is the second one.

For example, if the US dollar (USD) is your first currency and you would like to purchase Canadian dollars (CAD) on the market, the USD will be your base currency and the CAD will be your quote currency. On the market, you will find a forex quote for the above pair of contracts. This forex quote will contain a bid price and an ask price. The bid price is the amount of money that the forex market maker is willing to spend in order to acquire your base currency. In the same vein, the ask price is the amount of money that the same forex market maker is willing to accept in order to give you the base currency and acquire your counter currency.

Therefore, if there is a bid price for the USD / CAD currency pair of 100.00, and an ask price for 100.05, the forex spread would simply be the difference between the two. This would give you a spread of 0.05. Knowing the forex spread when trading in the forex market will help you discover the hidden costs associated with trading in different currencies. It will also help you know which trades are riskier than others. This is useful information to have, especially when using mirror trading advice and trading software like the MetaTrader 4.

Currency Trading: Importance of Technical and Fundamental Analysis in Trading

Fundamental Analysis Forex fundamental analysis involves studying the economy to determine the effect it has on the value of a currency. There are certain economic indicators that Forex traders can observe in order to determine the strength of an economy and its currency value. Economic reports are released by governments and independent bodies that collect…

Fundamental Analysis

Forex fundamental analysis involves studying the economy to determine the effect it has on the value of a currency. There are certain economic indicators that Forex traders can observe in order to determine the strength of an economy and its currency value. Economic reports are released by governments and independent bodies that collect and analyze economic data.

If an economy is determined to be strong, investors may seek investment opportunities in that country. In turn, the currency of that country may appreciate in value. if an economic report will be week, then Forex traders will go to sell the currency ahead of the report, causing the price to fall. The financial markets react to the reports when they are released. The initial reaction after a news release of certain news reports can be very volatile and it is therefore best to stay out of the markets during a news release.

Important Economic Indicators

Economic indicators measure how strong an economy of a country is. They can measure specific sectors of an economy, such as the housing or retail Sell or they give measurements of an economy as a whole, such as GDP or unemployment. Traders are interested in these measurements because they have an impact on the value of a currency. The following will explain two of the most important economic indicators that drive the value of a currency: interest rates and inflation.

Important Economic Indicators

Economic indicators measure how strong an economy of a country is. They can measure specific sectors of an economy, such as the housing or retail Sell or they give measurements of an economy as a whole, such as GDP or unemployment. Traders are interested in these measurements because they have an impact on the value of a currency. The following will explain two of the most important economic indicators that drive the value of a currency: interest rates and inflation.

It is one of the most important drivers of the Forex markets. The base IR of a country is set by its relative central bank. It is used by a central bank as a tool to manage the economy – either by raising the interest rate to curb inflation, or lowering the IR to promote growth.

Changes in The Interest rate Affect Borrowers.

The central bank of a country lends money to certain banks and the base interest rate is what these banks have to pay for borrowing that money. Banks also lend money to other banks and consumers in the form of loans, who also have to pay interest – the minimum I-Rate they have to pay is the base IR. If the central bank increases the base interest rate, then borrowers have to pay more for the money they borrowed. This reduces the amount of money they have for spending on other things and that impacts the economy.

Mortgages affected by Interest rate

If it increases, those that have a mortgage may find that their monthly payments will rise. Increasing the interest rate therefore results in curbing economic issues such as excessive inflation, because if people have to pay back a higher mortgage amount each month, they will not have as much money to spend on other goods and services. you can find more details regarding forex trading

Guide To Know How to Trade Binary Options

Over the past several years a new form of investment has surfaced which allows thousands of people to earn daily profits. Binary options have taken its place amid currency or forex trading and traditional stock market investing as a powerful way to earn profits and expand portfolios. Right now, many people are learning how this…

Over the past several years a new form of investment has surfaced which allows thousands of people to earn daily profits. Binary options have taken its place amid currency or forex trading and traditional stock market investing as a powerful way to earn profits and expand portfolios. Right now, many people are learning how this works in order to increase their daily income.

However, understanding how to trade binary options are not as straightforward as traditional stocks or even currency trading. There are substantial differences about the very structure that is unlike anything else. Yet, it is arguably the simplest form of investing that is available for most people.

In order to understand if this is for you, it is important to know what they are and how this system works. This will include potential advantages and disadvantages that make binaries one of the most interesting options when it comes to making money.

What are Binary Options?

Essentially, this is a form of stock investing that is very straightforward and simple to understand. They are called binaries because they operate as a “high / low”. A pre-set time period is put in place and the user chooses an asset or currency as the target of their investment. If the person wagers correctly on the direction of the option they chose, then they receive a fixed return rate for making a successful prediction. An incorrect prediction means that they lose their investment.

For example, let's say that you believe an asset will rise in value to a predicted level over a pre-set period of time a “call” option is ordered. The wager they place will not only be paid back, but augmented by the fixed return level which can be upwards of 75% if successful. However, if the asset they have chosen did not rise to that level, then they lose the wager or investment that they made.

This works the other way as well. If you believe that the market value for a particular asset or commodity is going to fall over a pre-set period of time, then a “put” option or wager is made. If the prediction comes true then you earn a fixed return, otherwise you lose the investment.

This is the basic method that is used by people all over the world. It should be noted that in the US they are generally offered by individual brokers and not exchanges while brokers outside the US are not allowed to solicit US residents for the purposes of trade unless they are properly registered with a recognized authority such as the SEC for example . It is important in the understanding of how to trade binary options that they must be done with a properly recognized broker.

The Different Types of Trades: –

While the high / low trade is arguably the most common type where the “all or nothing” approach is absolute, there are other forms where people earn money on a daily basis. Arguably, most people get their start with the high / low format and then branch out to find the type that works best for their needs. However, the forms that follow are has an equally powerful potential to make a substantial profit.

One Touch: This is a rather interesting variation in binary options because instead of judging the value at the end of the pre-set time limit, once the value of the asset or commodity hits a pre-selected level it will pay off for the trader . For example, if a trader sets a “touch” value of $ 10 for the asset within a one-day time frame, if the asset were to reach $ 10 in the first hour then it is terminated and the trader is paid a fixed return. This is regardless to how much time was actually left on the trade itself.

Range: This is another form where a range of the price that the asset will occupy for a pre-set time limit. If the price lasts within this range, then a payout is delivered while the price should go above or below the intended range the investment is lost.

The fixed payouts can vary as well offering from 50% up to 500% depending on the conditions. Generally speaking the higher the payout the less likely it will happen. Therefore, most trades tend to fall within the 50% to 75% range.

Advantages and Disadvantages: –

When it comes to understanding these options, it pays to know what the potential gains and losses can be. This is because it is literally a win or lose situation on each event which means you either receive a substantial reward or you lose your entire investment. Yet there are many people who make money on a daily basis using this system.

The simplicity is arguably the greatest advantage with no fees or decisions taking a chunk from your profits. In addition, you do not have to worry about the asset itself taking more than what you have invested. Even if the value plummets all the way to zero you only lose the money that you put in. This is one big reason why more people are learning how to trade binary options.

However, the largest drawback is that the reward is always going to be less than the risk which means that you will need to be right most of the time in order to earn a profit. This means that losing will cost you more than a winning. So you will need to be right at least twice to three times as often in order to make a profit.

In this seemingly difficult atmosphere, there are those who make a profit on a daily basis so it can be done. This is primarily because they often make several trades in a day and risk a very low amount of money. When it comes to how to trade options in the proper manner the winning strategy is to make several, low-risk trades where the rewards will add up when you win far more than you lose.

In the end, this is one of the most easiest and most successful methods to earn profits if you can master the research, timing and patience that is needed.

What Is an FCA Regulated Forex Broker?

What is the Forex market? The Forex market basically reflects to the largest liquid financial market in the world at the moment. It is a platform in which people, institutions and governments can buy and sell contracts. People, institutions and governments on the Forex market basically make money by buying a currency at a low…

What is the Forex market?

The Forex market basically reflects to the largest liquid financial market in the world at the moment. It is a platform in which people, institutions and governments can buy and sell contracts. People, institutions and governments on the Forex market basically make money by buying a currency at a low price and in turn selling it to another interested buyer at a higher price than it cost to obtain, since enjoying the profit that lies in the price difference of buying and selling.

The Forex market is open for five and half days every week, twenty four hours a day. This is due to the fact that Forex traders can be found through the world. This means that you will find a trade going on at any time you choose within the five and a half day period.

Who is a Forex trader?

Forex trading will involve the simultaneous buying of one currency while selling another. It is more or less a currency swap that is done at a time of your choosing. The more times you swap at just the right moment, the richer your coffers will become. While it is entirely possible to buy currency directly from the seller and sell currency directly to the buyer, it is more expedient to use a Forex broker for the job.

This is due to many factors, such as the fact that not everyone who trades in the Forex market actually does that for a living. It is also important to point out that not every forex trader has the best knowledge and the right tools to take advantage of the market and make a profit at the end of the day. This is the gap that Forex brokers are chasing to fill.

Why Forex brokers need to be authorized and regulated

There is need for a financial conduct authority to regulate and authorize brokers and firms in all capital market trading platforms. This is due to the fact that brokers and other intermediaries have been placed in an extraordinarily high position of trust by the public. This means that it is very easy for unscrupulous people to take advantage of this trust and fleece innocent people of their hard earned money.

An FCA regulated Forex broker is a broker or a brokerage firm that has passed all the requirements set by the financial conduct authority and is there before assumed to be able to discharge their duties with integrity. FCA authorization and FCA regulation of Forex brokers helps keep the market sane and safe from willful predators.

Maximise Profit In Forex Trading

I know and I am quite sure that the only reason why you are here and reading this information is because you want to maximize profit in Forex trading, either because you felt you have not been making enough profit or because you are still running at more loss than profit in your day-by-day trade.…

I know and I am quite sure that the only reason why you are here and reading this information is because you want to maximize profit in Forex trading, either because you felt you have not been making enough profit or because you are still running at more loss than profit in your day-by-day trade.

At the same time, it will be very wrong of me to assume that only professionals or those who are already into Forex trading will be reading this piece. Here, the need to shed a little light into the subject matter – Forex.

What therefore is Forex?

Forex is the short form of Foreign Exchange. A term commonly use in the international market where different treaties are being traded. Due to international trade demand, treaties needed to be changed and replaced in order to meet the demands of transacting businesses with other countries world over. It is just like having millions of dollars with you in a country where dollar is not being spent, you definitely have to find a means to change your dollar to a reasonable equivalent of the currency of that country in order to aid your stay and whatever business you want to transact in that country. And whoever is changing the money for you will definitely make some profit on it simply because he / she also bought it at a rate for profit. This is a physical illustration of the electronic transaction done in Forex trading. Because, in the Forex market, you are either buying or selling a currency from or to a person you are not seeing electronically, with the hope of profit making.

The truth is that the major aim of every business either corporate or personal is to make profit. However, going into business because people are in it and are making profit is not a wise decision yet it is a reason good enough for you to venture into such business. You need to know what things are making the business work for others before joining the train and be determined to do same and even more: so that you too can become a testimony to others.

Tips for trading Forex successfully

1. Trading Hours: In order for you to trade Forex successfully and profitably too, you need to know the best hours to trade. The best hours for Forex trading however, are during the London and US session overlap. There are many activities of buying and selling in the markets and there are also many active participants during these hours and the treaties really move in a positive way. For the most part, even the best of trading news are made available during these times. Trading during these hours is your best chance to get in while the market is making decent moves and it equally the best chance to make real good and quick profits.

2. Avoiding Trading Mistakes: There is the popular saying that “Learn from the mistakes of others because you may not be able to live long enough to make them all yourself before you learn from them. the Forex market, try as much as possible to avoid the following mistakes out of so many others, so you will appear like a professional in the field.

i. Using Too Much Leverage
One of the largest advantages of Forex trading is the ability to use leverage which is the same thing as trading on margin. One of the most common mistakes that many Forex traders make is in using too much leverage. Using too much leverage is making a trade bigger than your balance with the hope of making profit at the slightest positive move. But, if the market moves against your position by just a small amount, it can result in large losses. Commonly, the beginning Forex trader will get emotional and nervous and close the trade for a loss beyond expectation.

ii. Over Trading
Over Trading occurs when traders try to look for trading opportunities that are not really there. It happens to new traders very often, because they just want to trade. The result is usually a poorly executed trade that results in an historical loss. Over trading can also result in traders making too many trades at once and using too much margin.

iii. Picking Tops and Bottoms
Many new traders attempt to try pinpoint where a currency pair will turn around and start moving the opposite direction. This is very difficult to determine, even for professional traders.

The Risk of Life

Always remember that life and every endeavour in it is all risky and it is only those who decide to take the bigger risks gets the bigger results. Also in the world of investment, the higher the investment (risk involved), the higher the expected return.

Do not forget that the fear of giving a try is the surest way to failing to do it. So get your Automated KeltnerPro Forex Trading software and hit the market with this outstanding, mouthwatering and astonishing profit making technique with minimal effort on your side.

Bitcoin Brokers and the Growing Popularity of Bitcoins

Bitcoin brokers are increasingly becoming an important aspect when it comes to trading bitcoin. When you get the right broker you will be on your way to getting value for your money as they are often created at a foreseeable and decreasing rate. Over time the numbers of bitcoins created every year are often halved…

Bitcoin brokers are increasingly becoming an important aspect when it comes to trading bitcoin. When you get the right broker you will be on your way to getting value for your money as they are often created at a foreseeable and decreasing rate. Over time the numbers of bitcoins created every year are often halved automatically until their issuance halts completely to 21 million of those in existence. When it gets to this point, miners are supported exclusively by small transaction fees.

Becoming a major payment system

The system can process several transactions every second. Neverheless, the system is not entirely ready to scale up to the level of credit card networks. Work is under to raise the current restrictions, including the future requirements being well known. Since its absorption every aspect of the system has been on a continuous trend of maturation, specialization and optimization. And this process is expected to stay the same way for a number of years to come. Furthermore, as the traffic grows, more users of the system are expected to use lightweight clients.

In the event of loss

If a user loses his / her wallet, money is often removed from circulation. Neverheless, bitcoins remain in the chain just like others. But lost bitcoins often remain dormant indefinitely because nobody can find the private key (s) that would enable them to be used again. Based on the principle of demand and supply, when the market has fewer, the demand for those which are available will be high, which translates to increased value or prices of the ones which are available in the market.

Bitcoins and illegal activities

Concerns are often raised that the system can be used to facilitate illegal activities. However, these features exist with wire and cash transfers which are well established and widely used. Usage will be subordinated to the same regulations that have been established within existing financial systems. The system is illegally to prevent criminal investigations being conducted. Generally, it is not uncommon for important breakthroughs to be seen as being controversial long before their merits are well understood.

Regulation

It is possible for the use of bitcoins to be regulated the same way other instruments are regulated. Just like money, they can be utilized for a variety of purposes including both legitimate and illegitimate based on the laws within a particular jurisprudence. Therefore, they are not different from other tools or resources. Nonetheless, they can be subjected to diverse regulations in every country under consideration.