Sunday, October 1, 2017

Understanding Forex Trading and History of Bitcoin

Forex trading is trading currency (currency) from different countries. This Forex is short for Foreign Exchange. An example of forex trading is buying Euro (European currency), while simultaneously selling USD (American currency), can be abbreviated EUR / USD.

Bitcoin is an open source virtual currency (cryptocurrency) developed in 2009 by someone under the pseudonym of Satoshi Nakamoto. This currency is like Rupiah or Dollar, but it is only available in the digital world. Bitcoin is stored into the Bitcoin wallet. This is the wallet that will be used to send and receive bitcoins, with varying fees or shipping charges.
Bitcoin is newly created with a process called mining & The miners use sophisticated computers to decipher the complex mathematics to discover new Bitcoin blocks, as the reward of the inventor will be rewarded with a number of bitcoins. Prize per 1 block found initially has 50 BTC, now 25 BTC / block. The amount of Bitcoin has been determined since it was created, ie as many as 21 million BTC. This restriction is in place to prevent inflation
Thus a brief explanation of forex trading and a bit of history about Bitcoin. So what distinguishes Bitcoin forex trading and trading? Here's the review

 Differences of Forex Trading and Bitcoin Trading
Maybe if you know the first time the term trading & because Bitcoin introduced, then you will not get any difficulty that means. However, if you were previously a forex trader could be feeling confused when opening a bitcoin trading site
Bitcoin trading is very different from forex trading because of the way trading even though it is different. If from forex we know 2 terms: Long and Short. Long is targeting price up to get profit and Short is targeting the price down to get profit
While in Bitcoin trading it is much more like buying and selling goods online that is BUY and SELL. BUY means actually buy goods in the form of Bitcoin and SELL means actually sell goods in the form of Bitcoin. So that the profit is simple only the selling price minus the purchase price. So there is no Margin Call and PIP terms in Bitcoin trading, there is a sale of profit or loss.

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Wednesday, June 29, 2016


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