How to Get to Grips with Cryptocurrency and Forex Market Fluctuations

How to Get to Grips with Cryptocurrency and Forex Market Fluctuations

With markets open 24 hours a day and mobile trading platforms readily available, foreign exchange is one of the easiest forms of trading in practical… Close Window Bestchange is a monitoring service that aggregates top offers from crypto exchangers. Learn more about its features for high-profit and secure trading in this article, we are introducing Hitbtc exchange. Hitbtc provide the largest and oldest spot trading market in the cryptocurrency industry with over 800 trading pairs. Today we will explain some… China has always been in the spotlight when it comes to cryptocurrencies, despite the country’s controversial legislation on the matter. Last year,

With markets open 24 hours a day and mobile trading platforms readily available, foreign exchange is one of the easiest forms of trading in practical terms. However, the relentlessness of market fluctuations can make crypto & forex trading appear intimidating for beginners. That volatility is a double-edged sword; while the volatility is what provides traders with plenty of opportunities for profit, market swings can also take investors by surprise.

Fortunately, there are several ways that a trader can prepare themselves for forex trading. By practicing with a demo account, identifying an area of expertise, and evaluating how past events have affected the markets, a newcomer can start their forex trading career with confidence.

While reading a detailed guide to trading may give you an idea of the terminology and the tools in the world of forex, the best way to learn is by doing. In a pursuit where bankroll management is paramount, you don’t want to be chipping away at your trading budget while you’re still learning the ropes.

This is why it is essential that a beginner experiments with a demo account before trading with real money. Using the IG trading platform as an example, setting up a forex demo account gives users access to $10,000 in virtual funds and to test trading strategies on the go via mobile apps. This gives wannabe investors an insight into how the trading world operates, so they gain an idea of what they’ll need to do once they switch to their own money.

The demo account helps rookies to work out just what sort of trader they want to be. Try lots of different trading strategies to establish what fits with your style, while using the pressure-free environment to get to grips with identifying and analyzing market patterns. When there are market fluctuations in the real world, you’ll want to respond instantaneously for maximum benefits. A forex demo account is an effective way of making those responses more intuitive.

Forex market fluctuations are far more susceptible to real-world geopolitical and economic developments than cryptocurrencies, so it is important that traders only get involved with markets that they know well. Forex trading is based on currency pairs, in which you buy one currency and sell the other. One safe approach is to ensure that one of those currencies is your national currency, as you will naturally have greater familiarity with the market.

Source: Pixabay.

If you don’t have one particular area of market knowledge, then it is advisable to focus on the most popular currency pairs – at least to begin with. You may wish to start with any pair involving some combination of these major currencies: the US dollar (USD), the euro (EUR), the British pound (GBP), the Japanese yen (JPY), or the Chinese yuan (CNY).

These currency pairs have a higher liquidity, making it easier for you to buy and sell at the optimum price. These currencies are also more prominent in global affairs, given the size of the economies they support and their nations’ significance in world trade. If you have in-depth knowledge of a more niche currency, then make that your focus. Market sentiment drives fluctuations in value, so knowledge of a currency like the Nigerian naira (NGN) or the Qatari rial (QAR) may help you anticipate changes in mood and swings in value.

Here are three examples of key global events in recent years that have provided (and may continue to provide) opportunities for traders.

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This trade dispute has been dominating global finance news since the start of 2018. The dollar has largely performed strongly throughout, but any resolution to the dispute is expected to cause the USD to weaken. Better trade relations give China renewed power as an exporter, allowing the CNY to make gains against the dollar.

This was made clear in mid-January, when the dollar shed value following the signing of the Phase 1 trade deal. The USD closed play at 6.85957 against the CNY three days after the deal, its lowest ebb for six months. Future deals may provoke similar falls, so traders will be closely watching for indications that a deal is imminent. A weaker USD also generally spells good news for emerging economies, so investors may look at alternative currency pairs that provide opportunities to oppose the dollar.

The United Kingdom’s departure from the European Union is expected to have long-term effects on the UK and economies in the eurozone. The protracted Brexit process is an example of how market sentiment causes fluctuations. Every time an orderly exit from the EU looked more likely, investors gained confidence in the GBP.

For example, the Conservative Party’s securing of a majority at the end of 2019 reinvigorated the GBP, with traders more confident of a definitive resolution to Brexit. Markets generally respond well to certainty, although traders will be monitoring the UK’s trade talks with the EU to determine what sort of economic relationship the two parties will have in the coming years. The product of those negotiations will cause further fluctuations – anticipating the direction of those swings will be the challenge for the trader.

While the two aforementioned political sagas have precedents to help traders forecast future market swings, the coronavirus outbreak has presented a unique and extreme threat to the global economy. Forex markets have fluctuated wildly as the virus has spread across the world, with caution naturally advised for traders if purchasing currencies during a global pandemic.

Once again it comes down to the question of certainty. If the world gains a firmer idea about the potential long-term impact of coronavirus, then investors can begin to act with more confidence. While many currencies have been plunged into downward spirals, identifying the moment when the tide turns could allow a trader to gain exposure to a currency at a favorable price. This is why it is imperative that aspiring traders stay apprised of news emerging from every continent.

Experience from other markets such as cryptocurrencies may give you the confidence to dive straight into forex trading. However, taking the time to develop trading strategies and get to grips with the mechanisms of forex will naturally give you a better chance of predicting market changes and capitalizing on those fluctuations.


Author: Chainbits Staff

Blockchain/Bitcoin Archives

Blockchain/Bitcoin Archives

Das Kompetenzzentrum Banking und Finance an der Fachhochschule St.Gallen startet im April 2020 in Kooperation mit namhaften Praxispartnern ein von der Schweizerischen Agentur für Innovationsförderung (Innosuisse) mitfinanziertes Forschungsprojekt unter dem Titel «Independent Evaluation Framework for Security Tokens». Das Ziel dieses

The Swiss Financial Market Supervisory Authority FINMA publishes its 2019 Annual Report. “Switzerland needs stable financial institutions particularly in uncertain times for the financial markets.” This pronouncement was made in January by the Chair of FINMA’s Board of Directors Thomas

Binance, the world’s largest cryptocurrency exchange by market volume, has acquired CoinMarketCap, a popular crypto data site. Though the amount was not officially unveiled, unnamed sources told The Block before the deal was made public that the crypto exchange was

Dutch tech companies provide support to the Dutch government , aid workers, care providers and hospitals in their fight against Corona (COVID-19). The ”Tech against Corona” Initiative of Dutch tech companies offers free support in the fight against the corona

Die Schweizer UniCrypt Group, der Technologie- und Portfoliospezialist für institutionelle Anleger, ermöglicht  ab sofort Privatanlegern den Kauf der gängigen Kryptowährungen per Kreditkarte zu kaufen. Das dazu benötigte Depot bleibt kostenlos und ermöglicht den verzögerungsfreien und sicheren Kauf- und Verkauf von

Dieser Artikel soll das Interesse wecken, wieso 2020 das Jahr der Kryptowährungen werden kann. Kryptowährungen sind eine interessante Option, um die Diversifikation des eigenen Portfolios zu steigern. Allerdings gelten die digitalen Währungen noch immer als spekulativ und schwer prognostizierbar. Dementsprechend

Fraudsters are taking advantage of the coronavirus crisis in the UK. These scammers, claiming to be affiliated with either the World Health Organisation (WHO) or the U.S. Centers for Disease Control (CDC), purportedly sent malicious text messages to residents of

Sygnum Bank  announced the launch of its digital CHF token (DCHF). This CHF-pegged settlement token is the first to be issued by a regulated Swiss bank with a full digital asset banking suite Sygnum’s DCHF is a key component for

The SIX Digital Exchange (SDX), has appointed Tim Grant as its new Head of Business. Tim possesses over 20 years of deep technology and management expertise across institutional capital markets and enterprise blockchain businesses from his time serving senior positions

Blockchain has not yet reached mainstream adoption in the financial services industry but the technology has nevertheless moved beyond experimentation and is rapidly being adopted by stock exchanges around the world, according to a report by JP Morgan. In a


How To Exchange Crypto with Bestchange

How To Exchange Crypto with Bestchange

Vladislav Sopov

Bestchange is a monitoring service that aggregates top offers from crypto exchangers. Learn more about its features for high-profit and secure trading

Among the many cryptocurrency exchange instruments, it’s not so easy to find a reliable and profitable offer for exchanging crypto. 

A crypto exchanger is a software environment designed to convert your cryptocurrency to other coins, fiat money or e-money. While the majority of exchangers support crypto-to-crypto operations only (Bitcoin (BTC) to Ethereum (ETH), Bitcoin (BTC) to USDT, Litecoin (LTC) to Dogecoin (DOGE), etc.), some can convert your cryptocurrency to cash (via SEPA or SWIFT) or to assets of electronic payment systems (Payeer, WebMoney, PayPal, etc.).

Crypto exchanger aggregators track the top offers from reliable cryptocurrency exchangers and help users compare them in order to choose the best conditions, most reasonable fees and most suitable deposit/withdrawal features.

Crypto exchanger aggregators like Bestchange conduct due diligence checks in order to verify the cryptocurrency exchangers listed, as well as filter out scammers and crypto exchangers with insufficient liquidity. As a reward, such services may earn a commission from every trade. It is worth noting that aggregators provide informational services only and don’t bear responsibility for third-party cryptocurrency exchange instruments.

Bestchange is a directory that monitors hand-picked cryptocurrency exchange offers. Its users can find the top buy/sell offers for numerous crypto coins and dozens of e-payment systems.

The user interface of the Bestchange cryptocurrency exchange aggregator is quite intuitive: the user needs only to change the type of asset he/she has and the type of asset he/she requires.

In the ‘Exchangers’ tab, the trader can view every crypto exchanger listed on Bestchange and get information about their cryptocurrency reserves, rates and verification levels on e-payment systems.

In ‘Calculator’ mode, a Bestchange user can view how many assets he/she can get at that moment for his/her cryptocurrency offer on Bestchange, including or excluding the commission from the crypto exchange.

If a suitable order for the chosen cryptocurrency isn’t available on Bestchange at that moment, the user can set up a notification that will inform him/her once a suitable order is placed in a reliable exchanger.

Also, in ‘Double exchange’ mode, the Bestchange system merges two crypto exchange offers in order to make cryptocurrency trades with rare assets. If the exchange between A and B is unavailable, Bestchange can convert A to C and C to B in this mode.

The Bestchange team created a video to describe its main functions:

It only takes three steps to make a trade through the crypto exchanges listed on Bestchange, so it is suitable even for crypto newbies.

For example, Bestchange user Bob decides to buy 1 Bitcoin (BTC) with his Visa or Mastercard USD credit card. He needs to customize the conditions of the trade in the Give & Get bar and press the red ‘Find the best rate’ button. All of the information on the conditions of the crypto exchanges listed on Bestchange is demonstrated via green logos to the right of the Exchanger names.

Then, Bob needs to choose the Exchanger (crypto exchange) from the list. Once the Exchanger is chosen, Bob clicks its name to be redirected to the cryptocurrency conversion window on the Exchanger page. Now, the Bestchange mission is complete and Bob then interacts with the Exchanger directly.

Once the trade is authorized by Bob and he receives his Bitcoins (BTC), he is asked to give feedback on his cryptocurrency purchasing experience that Exchanger. Bestchange highly appreciates feedback as it is the key element of its reputational management system for its crypto exchanges.

The Bestchange crypto exchange service provides its users with lucrative options to earn money or cryptocurrency while using the service.

The Bestchange Bitcoin (BTC) faucet gives you an opportunity to receive small fractions of Bitcoin (BTC) for registering your wallet. Just input your Bitcoin (BTC) wallet address in the Bestchange BTC Faucet bar, verify the captcha and claim your free satoshis every 60 minutes!

All in all, Bestchange is a very helpful tool for those who use cryptocurrency for payments and remittances in various jurisdictions. The best rates, an intuitive UX/UI, a high-performance withdrawal toolkit and low fees – the Bestchange cryptocurrency platform will ensure your crypto exchange experience is smooth and secure.


Author: Sun, 04/12/2020 – 16:00

Hitbtc : One of the leading cryptocurrency Exchange

Hitbtc : One of the leading cryptocurrency Exchange


in this article, we are introducing Hitbtc exchange. Hitbtc provide the largest and oldest spot trading market in the cryptocurrency industry with over 800 trading pairs. Today we will explain some real facts about Hitbtc

  • Exchange Name: Hitbtc
  • Launch Date : 2013.
  • Headquarter : Hong Kong
  • Services : Market Order, Limit (GTC, IOC, FOK, Day, GTD/Time), Scaled, OTC Trading, ROOBEE Trading, Margin Trading,
  • Trading Pair: 800
  • Fee Structure:

Trading Fee Tier

  • P2P : NA
  • Fiat Deposit : Yes (using only debit/credit card)
  • Volume (24h):$ 145 880 767
  • Refer and Earn: Yes
  • Fiat Facility: No
  • API : Yes
  • Provide OTC market.
  • Moderate liquidity.
  • API Trading Available.
  • Lower Trading Fee.
  • Mostly cryptocurrency available.
  • user-friendly interface not available.
  • site loading time high.
  • Not available for USA user
  • CEO and founder Person Does not active on social media.
  • After discussing all the Pros/cons and facts we will able to identify Hitbtc is the bonafide exchange for cryptocurrency trading but one drawback is that Hitbtc trust rate is low in the cryptocurrency market because it is a centralized exchange and its founder and CEO face not reveal.

    BitsShadow -Advance Automated Cryptocurrency Platform.


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    Advance Automated Cryptocurrency Platform. Manage All Your Exchanges At One Place.

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    Author: BitsShadow

    Cryptocurrency Operators In China To Team Up As Regulations Tighten, Binance's CZ Says

    Cryptocurrency Operators In China To Team Up As Regulations Tighten, Binance’s CZ Says

    China has always been in the spotlight when it comes to cryptocurrencies, despite the country’s controversial legislation on the matter.

    Last year, President Xi Jinping urged for further investments in blockchain-based technology, causing Bitcoin to mark an increase upwards of 40% in less than 24 hours. Now, however, regulations seem to be tightening up, and this will cause some changes in the cryptocurrency landscape, according to Changpeng Zhao, CEO at Binance.

    According to a report from local news media South China Morning Post, the virtual asset market in Asia, which is currently fragmented, draws further regulatory scrutiny.

    Purportedly, this would increase mergers and acquisitions in the field, and their numbers are already going up. While the number of M&A deals fell 40 percent to 114 and the US accounts for half of them, Asia’s share increased to 22% from 14%. The acquisition of the popular data monitoring resource CoinMarketCap by Binance added up to the list.

    “In Asia, we are interested in exchanges that have existing banking relationships, which enable them to accept trading in local fiat currencies,” commented CZ.

    Moreover, the executive also expects that there will be a consolidation as the higher regulatory requirements will make it more challenging for smaller exchanges to survive.

    March was a landmark month in the history of Bitcoin. Its price went down to $3,600 in less than 48 hours, marking one of the sharpest declines in history. The cryptocurrency has since recovered to where it currently trades at around $7,300.

    Massive volatility, however, also drives an increasing trading interest as users attempt to capitalize on the vicious swings in price.

    The daily turnover of bitcoin reached a record of $75.9 billion on March 13. Reportedly, this had cash-rich cryptocurrency exchanges to start considering acquisitions of smaller rivals and invest in new businesses.

    Zhao said that they “usually spend about a quarter of our profit on investment opportunities every year, as we grow our portfolio of businesses beyond just trading.”

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    How to Get to Grips with Cryptocurrency and Forex Market Fluctuations

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