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Crypto Prophecy

by gold stone (2018-12-28)

The goal when Crypto Prophecy Review investing in currency is to be holding a currency that appreciates in value in relation to the other currencies. To use an overly simplistic example, if you bought 50 British Pounds for 100 US Dollars, held the Pounds for 1 week, and in that period the value of Pounds increased in relation to US Dollars, you could then convert those Pounds back into dollars for, say, $120.Unlike the domestic stock markets, the forex is open for trades 24 hours a day. Much like the phrase "it's always noon somewhere," it's always business hours at some region of the globe. Since every country trades on the FX market, and it's open all day, the daily volume is roughly $1.2 trillion, which dwarfs that of the NYSE. Another comparison to make in order to truly realize the magnitude of the forex market is with the currency futures market (which has around 1% of the daily volume).One other important distinction to make is that currency trading is not centered on an exchange like the NYSE or NASDAQ. There is no central body or organization required to act as middleman. Trading circulates between major banking centers around the world.Until recently, there were strict financial requirements and massive minimum transaction sizes which prevented individual investors from trading. But with the advent of the internet came the FX brokers. A forex broker is similar to an online stock trading account such as etrade. Anybody can open an account and buy and sell in any quantity. Because the brokers have thousands of investors placing orders through them, they are able to meet the large minimum transaction size by purchasing in large blocks and distributing currency amongst the purchasing investors.Currency trading is for real, but how many of you took advantage of it? I'd guess the answer is not many. I can understand that, change is difficult. Trying to get your hands around something new is challenging some times. But, for those of you who are playing in currency, how's your track record? I might venture a guess, not as well as you'd like.Although the currency markets move some 100 "pips" a day (the smallest increment of change) it's often hard to pick the right direction for short term trading. If you are really good at it, there are positives. The trends tend to stay in place longer, the technical's tend to give true readings. Although there are no market makers to jack you around, there are however silly things that can go on with spreads.