Tag: bitcoin

All bitcoin related articles are found here. Educative, informative and written clearly.

  • Investing In Crypto – How To Prepare For It?

    Investing In Crypto – How To Prepare For It?

    2 min read

    How To Prepare For Investing In Crypto?
    According to the study conducted by London-based investment firm IW Capital, reveals that only five percent of British crypto investors realize a profit. But only 38% of the general population has any understanding of cryptocurrency or the underlying technology.

    The data reveals that, fundamentally, Brits do not have enough information or knowledge on the topic of investing in crypto. In fact, many have no knowledge about the subject whatsoever.

    Despite a widespread dearth of knowledge surrounding this particular asset class, disconcertingly facts appeared. One in 20 Brits – nearly 3 million – have invested in cryptocurrency without fully understanding it. Only 5 percent have taken advice from a financial adviser when investing in cryptocurrencies.

    Crypto is unpredictable

    As promising as crypto can be, however, it’s also been labeled one of the riskiest investments of 2018.

    It simply crypto seems to be unpredictable.

    We will show you how to be prepared for investing in crypto on the example of bitcoin, the most popular and largest one.

    Some believe bitcoin was a bubble that has burst and is now fading away slowly, and others think it’s going to run to new highs.

    Yes, bitcoin is risky, but it is still a popular investment option.

    Should you be considering this risk these are some of the things you can do to prepare.

    If you try to figure out what exactly influences bitcoin’s price for years now, the answers are not immediately obvious.
    Bitcoin is global, decentralized, and unbound by sweeping restrictions. It can develop in different ways in different places. That said, some factors that influence the price have become clearer over time, and government regulations are at the top of the list.

    Government rulings that affect the trade of bitcoin can by extension affect the price immediately. Imagine that all governments suddenly made it illegal to deal in cryptocurrency (some already did it). This would in a minute remove a massive market, reducing demand for a short time.

    Everyone should follow regulatory news.

    How To Prepare For Investing In Crypto? 1

    What is unclear about investing in crypto for the majority

    Those who learn why it’s useful, and where its value comes from, can be a little bit puzzled by exchanges. There are a lot of them out there. They handle bitcoin transactions in different ways, with different fees, different acceptable payment methods. And varying selections of additional cryptocurrencies that can be handled. That’s why investing in crypto can be unclear for the majority.

    However, it’s still worth keeping an eye on. Because changes in exchanges can also impact the price simply by making bitcoin more accessible. Or, in some cases, by increasing visibility for competitors.

    For example, the positive effect would be if a major new exchange emerged for bitcoin, or an existing service started facilitating bitcoin purchases. But the negative effect could come about if an existing exchange. With a broad user base announced that it would begin supporting a cheaper alternative to bitcoin.

    The more bitcoin is accepted as payment, the more demand there will be for it.

    Last year has been bitcoin’s emergence as a widely trusted payment method for online casinos. They do a great deal of business internationally.

    Many platforms started looking for more secure and anonymous ways of accepting money, and bitcoin-only casinos started to emerge. A major shift like this can give millions of people a new incentive to use bitcoin. You should keep an eye out for these types of stories.

    Crypto volatility

    Although crypto might offer more volatility than most, the crypto market landscape shares fundamental characteristics with other investment markets.

    For example, the figures of losses are not wildly different from Forex, where new traders would often be better off flipping a coin or the stock market, where, according to science, 95% of all traders fail.

    Amateur trading and investing have led to countless tales of monetary losses. Most derive from the human capacity to make decisions based on emotions. Rather than research or tried-and-tested methods.

    In both, the trading and investment worlds, this story plays out time and time again, making the profitable trader a statistical anomaly. And leading the average individual investor to underperform the market index by 1.5 percent. 

    So, where the problem is? In lack of education.

    What can you do?

    You need to make sure that you’re in the right financial situation before you start investing in any asset or commodity.
    If you’re in a position where you’re still paying off any debts your money would be better invested in a savings account rather than in cryptocurrencies.

    However, if you have substantial savings account on hand, you may find yourself in a much better position to be able to invest in this volatile, but forever exciting, commodity.

    But, before you ever place down the first cash sum, you must understand what cryptocurrencies are, how they work and how their market typically behaves. You have to understand what Blockchain is, how it works and, where possible. And how some country’s sudden ban or adoption of any cryptocurrency can affect the entire market.

    And practice.

    There are plenty of platforms and brokers who will offer you a free practice account, without risking any of your own money. This way, you can get a much better feel for what you will be doing with your own funds.

    More about how to pick a good platform you may find here.

    An unfortunate fact of the industry is that cryptocurrencies are volatile. Prices for any cryptocurrency can rise and fall at incredibly fast rates. Provide a monetary shock absorber to ensure you don’t land in financial trouble.

    But whatever you do, be prepared for potential disappointment if the market begins to crash. On that way, trading and investing in cryptocurrencies will be much easier to handle.

    With the right platform, with the understanding of just what to expect from cryptocurrencies and a good personal financial situation, you can try your hand at investing in cryptocurrencies with limited risk.

    Risk Disclosure (read carefully!)

  • Crypto-Endorsements Gone Sour | A Celebrity Special

    Crypto-Endorsements Gone Sour | A Celebrity Special

    Crypto-Endorsements Gone Sour | A Celebrity Special

    Over the past one and a half years, the ICO crowdfunding trend has grown tremendously. There is no doubt that an overwhelming number of blockchain-based projects are significantly sprouting every day.

    With competition becoming viciously cut-throat, some ICOs are procuring celebrity aid to help them stay ahead. Simultaneously, crypto-enthusiasm is growing among celebrities, and it’s no surprise that many celebrity crypto-endorsements are making headlines.

    So, Why Mix Celebrities and Cryptocurrencies?

    The move towards crypto-endorsements is one that was both new and unexpected for the industry. Nevertheless, ICO companies were striking symbiotic relationships with these celebrities for one primary reason- celebrities are great influencer marketers. They have an overwhelming amount of influence over a large number of audiences both on social media and offline. Moreover, they can spread the word about an ICO fundraising event to audiences effortlessly.

    Furthermore, people tend to idolize celebrities.  This article by James Nderitu was originally published at CoinCentral.com.

    Risk Disclosure (read carefully!)

  • Steve Wozniak will join a cryptocurrency startup called Equi Capital

    Steve Wozniak will join a cryptocurrency startup called Equi Capital

    1 min read

    Steve Wozniak will join a cryptocurrency startup called Equi Capital

    Apple Inc. (AAPL) co-founder Steve Wozniak, according to some media, will join a cryptocurrency startup called Equi Capital, concentrated on investments in the digital token collection. Coindesk, www.coindesk.com, reported: ”Speaking to Null Transaction, the bitcoin proponent said this is the first time he has worked with a blockchain company in his career, adding that he ‘was amazed at the technology behind [cryptocurrency]’.”

    Equi aims to act as an investment firm, Wozniak said.

    According to the startup’s Twitter page, it hopes to help both retail and professional investors purchase equity in companies in an effort to replace traditional investing firms.

    Steve Wozniak said:

    “Our approach is not like a new currency, or something phony where an event will make it go up in value. It’s a share of stock, in a company. This company is doing investment by investors with huge track records in good investments in things like apartment buildings in Dubai. We have one person in our group who has listed out a whole apartment building for bitcoin.”

    Wozniak did not provide details on what his role would be at the startup but he did indicate that the company may register in Malta. Malta is a well-known area which has been working to develop a friendly regulatory environment aimed to attract firms in the blockchain and cryptocurrency space.

    Steve Wozniak will join a cryptocurrency startup called Equi Capital 1Continuing to promote the potential use cases for blockchain technology, Steve Wozniak said, “I’ve encountered people working in real estate avenues, types of Uber systems, everything we’ve got in our life, especially involving transactions – retail sales, car sales, manufacturing of goods … working on bitcoin applications … and they all have value.”

    The tech guru’s choice of first crypto project is a bit surprising.  

    As reported by The Next Web, Equi has had a pretty rough path so far. At first, they were launching its token via ICO. But because of lack of interest, the sale was canceled and pre-sale investors were refunded.

    A follow-up bounty scheme to reward users with tokens for publicizing the project also saw major issues when a partner marketing company soon walked away,  indicates the news source. Going the bounty route also raises the thorny issue, according to CoinDesk, that the U.S. Securities and Exchange Commission has indicated that even giving away tokens may break securities rules.

    Note: During the weekend, Bitcoin, a cryptocurrency leader, was trading above $6,700 at the time of this writing. The most popular and largest cryptocurrency in the world, the past week showed signs of upward impulse and return to the stability at this price point. Other digital currencies were trading laterally.

    Ethereum reached $280, Litecoin was a trading bit under $58 per token.

    Risk Disclosure (read carefully!)

  • Why Should You Use Bitcoin?

    Why Should You Use Bitcoin?

    2 min read

    There are several reasons why you want to decide to use Bitcoin instead of traditional currencies.

    One of the most reason is the Bitcoin’s capability to be used anywhere, anytime, and in any amount.

    When you are using Bitcoin, there are no borders, no bank holidays, no bureaucracy.

    All aspects of Bitcoin are controlled by users.

    Another reason can be the lower fees.

    That’s why many people are starting to choose Bitcoin as a currency. When receiving Bitcoins you do not pay any fees.

    Before sending Bitcoins from your wallet, you will have an option to choose how high your fees.  This is depending on how fast you want to verify and complete your transaction.

    That luxury you don’t have with bankers transactions. You have to pay as much as they decided it to be.

    But it isn’t the best part on why to use Bitcoin. 

    All transactions, no matter how many Bitcoins you are sending, will cost the same amount in fees.

    That is the most wonderful part.

    You can send 400,000 BTC or only 1 BTC and the fee for the transaction will be the same.

    That’s wonderful, don’t you think so?

    Even more, merchants are offered special merchant processors who assist them with processing transactions. In exchanging BTC into the merchants’ preferred form of fiat currency, and depositing the money directly into their bank account.

    And all of these transactions are Bitcoin network based. This means the fees are much lower than if you use your credit card.

    Or some else card or payment method.

    But the most important 

    All Bitcoin transactions are secure, contain no personal information about the buyer and irreversible.

    That makes Bitcoin the perfect currency for merchants who are seeking security and stability.
    Why Should You Use Bitcoin?
    This opens up a world of opportunities for any merchant. It gives them the ability to expand into locations that have high fraudulence risks. Or where Credit Cards aren’t accepted as a method of payment, all while keeping their services or products safe from fraud.

    Well, there is a very high fraudulence risk with credit cards.
    But with Bitcoin, it is absolutely excluded.

    It’s impossible with Bitcoin.  

    Paying with BTC give the opportunity to both side, merchants and buyers, to expand into locations that have high fraudulence risks and to avoid insecurity.

    No matter how you spin it, this is a win situation for merchants.

    On the buyer’s side is an advantage because each user has full control of their wallet. It is completely impossible for a merchant to charge a user without their knowledge, as often is seen done by many unethical trades.

    Payments are made without giving any personal information, so the merchant doesn’t even have to know your name to complete a transaction.

    Besides, if you as a user or buyer and still feel unsafe or vulnerable, you can protect your BTC via a backup or encryption.

    And the best feature of the Bitcoin system – all transactions are transparent and clear on the public blockchain.

    This means if there are any complications with any transactions. They can be instantly looked up, on the public ledger and verified.

    Bitcoin’s core code cannot be manipulated in any way to give an edge to either the seller or the buyer, because everything is cryptographically secure.

    But like in everything, there are some reasons why shouldn’t you use Bitcoin.

    Why Should You Use Bitcoin? 1
    First of all, relatively there is still a small amount of businesses and people using it. The main reason for this is the low knowledge of the benefits that BTC offers. Many businesses are on-board and they want to integrate BTC into their payment system, the list is still small.

    High volatility is something else that you should consider.

    The amount of businesses that use Bitcoin is low and any event, trade, or activity can have a high effect on the price of Bitcoin.

    Over time this volatility will decrease and stabilize as more and more companies start using Bitcoin.

    Actually, Bitcoin is still maturing and this presents a certain degree of risk. It is only 11 years old and what we can expect from it except hormonal party as well as every entry into puberty. That was the joke.

    Bitcoin is the first, oldest and largest cryptocurrency and we have to support it with mandatory respect. 

    Bitcoin showed the world a new sense of freedom and was the cause of the development of other cryptos.
    Respect!

    Read this too: Why you should not invest in bitcoin under any circumstances

    Risk Disclosure (read carefully!)



  • Call for Ban on Crypto Buying and Mining In USA

    Call for Ban on Crypto Buying and Mining In USA

    1 min read

    Ban on crypto buying and mining

    U.S. Congressman Brad Sherman has called for a blanket ban on cryptocurrency buying. During the Wednesday hearing of a subcommittee for the House of Representatives Financial Services Committee, he went so far as to advocate keeping Americans out of the crypto market entirely and earlier in March this year, he called cryptocurrencies “a crock”

    “We should prohibit U.S. persons from buying or mining cryptocurrencies,” stated this California Democrat. And their largest donor is credit card processor Allied Wallet.

    Beyond cryptocurrencies being potentially used as a form of money in the future, it can currently be used by tax evaders and rogue states seeking to bypass U.S. sanctions, he added.

    Ban on crypto buying and mining in the USA?

    Norbert Michel, director for the Center for Data Analysis at the Heritage Foundation, pushed back against the idea that criminal use should define cryptocurrencies as a whole.

    “Yes it is true that criminals have used bitcoin, but it’s also true that criminals have used airplanes, computers and automobiles. We shouldn’t criminalize any of those instruments simply because criminals used them.” he said and added “Those components I believe are the main barriers to widespread adoption in the U.S.”

    The tale behind of ban on crypto buying and mining

    During the hearing, the topic was general monetary policy and history,  but the crypto-specific parts revealed a general opposition to the idea of a central bank digital currency (CBDC).

    Recap: central banks around the world have been explored the idea of using the technology concepts behind bitcoin and other cryptocurrencies as part of new, completely digital money systems. The idea is that the tech boost transparency and efficiency.

    But some have warned that it could expand the risk of bank main points, and several institutions guaranteed that entirely following their research.

    Alex Pollock, a senior fellow at the R Street Institute, refused the concept and declared it as “a terrible idea – one of the worst financial ideas of recent times.”

    Congressman Bill Foster asked about blockchain immutability, saying “the promise of blockchain is a non-falsifiable ledger remains an unsolved problem in the digital world is how do you authenticate yourself?”

    If you don’t understand, ban the crypto buying and mining

    Other committee members agreed that the idea raised more fundamental questions about how blockchain and cryptocurrencies work.

    Dr. Eswar Prasad, senior professor of Trade Policy at Cornell University, argued that the existence of cryptocurrencies had the power to impact the financial services system, primarily the payments system, in positive ways.

    Just prior to the hearing, chairman Andy Barr noted that cryptocurrencies will “continue to have a greater and greater impact on our financial system,” which means that the committee would probably have to “revisit” once again.

    Risk Disclosure (read carefully!)

  • Which Altcoins Look Good in The Near Future?

    Which Altcoins Look Good in The Near Future?


    Altcoins are cryptocurrencies also like Bitcoin. But most of them are forks of Bitcoin with small changes.

    By Guy Avtalyon

    Altcoins represent all coins that are not Bitcoin. Altcoins are usually under the radar. Still, altcoins can generate fantastic gains if you are lucky enough to find the particular one that skyrockets soon.

    But be aware. The risk involved is really high.

    You may end up holding a bunch of useless projects that never go anywhere.

    The current cryptocurrency market is very hot. And everyone wants to make a lot of money there. Well, as first, count on the risk because here it is very big.

    When you want to invest but you don’t know which crypto to purchase, you should find more and more information about cryptocurrencies. And look at their white papers.

    What altcoins to choose?

    It would be arrogant of us to think that we can predict exactly which altcoin will be the best. And take this piece of advice. Never listen to anyone who pretends to know everything for sure in crypto.

    We are not saying only these altcoins are good or they’re the best. They’re just altcoins that we can imagine are going to be worth looking at in more detail.

    We have to tell you this is not financial advice to invest in any crypto and please do your own homework and make the decision by yourself.

    To do our homework, we followed 3 criteria for coins:

    *  Isn’t related to a Ponzi scheme or multi-level marketing
    * can’t be in the current top ten
    * must be tradable on a trusted market or exchange

    Find answers before choose altcoin

    Do they have a solid team? How is about their technology? Is it solid enough already or, maybe, their future technology could be unique? Also, is this company going to work 5 years or more?

    We know that many of you may disagree with our choice, but feel free to express your opinion in comments.
    The order on this list is random.

    What altcoins to look at?

    1) Ethereum – This list of the best altcoins must begin with Ethereum, which is the second most valuable cryptocurrency after Bitcoin. Ethereum was launched in July 2015 by the now-famous prodigy of the cryptocurrency world and it was done by Vitalik Buterin. This altcoin provides a platform to the developer on which they can build blockchain-based smart contracts and decentralized apps.

    It was the first cryptocurrency to introduce smart contracts, which are now considered as the next big thing.

    One of the biggest challenges being faced by Ethereum has been scalability. Ethereum’s network currently supports roughly 15 transactions per second.

    This isn’t that great but we expect they will solve that in the near future.

    2) Litecoin – One of the oldest altcoins, was created in 2011 by Charlie Lee. Like Bitcoin, Litecoin is also a digital currency but with improvements. In fact, the reason for launching Litecoin was to overcome some of the shortcomings of Bitcoin, especially its slow transaction speed.

    The reason that it is called Litecoin is that it is 4 times faster than Bitcoin. Bitcoin’s transaction takes about 10 minutes to complete but a Litecoin transaction is completed in 2.5 minutes.

    3) ICON – It is a project that has experienced huge gains. Currently, it’s not even traded on Korean exchanges, which is insane. Their vision is to allow many different blockchains ( private and public) to work together, like universities, banks, hospitals, schools and they can all share information together via Icon and other partners.

    Further

    4) Neo – It’s one of the best long-term altcoins. Neo has the potential to reach Ethereum’s market cap. Many people invest in Neo because they have confidence that sooner or later the Chinese government is going to legalize ICOs again. But only if Neo is the blockchain is used.

    Neo’s CoFounder Da HongFei himself has denied this theory several times. The Neo project is much more than trying to be Chinese Ethereum. And it’s going to succeed anyway, without depending on what China does with ICO’s. Neo is going to help create the future of blockchain. You don’t need ICOs to be legalized in China for this to happen.5) DASH – Altcoin launched in 2014 by Evan Duffield. At the time of launch, it was called Xcoin and was then renamed to Darkcoin. In 2015 that it was rebranded to Dash. Dash has been forked from Litecoin, which is itself built on Bitcoin’s technology but it offers significant advantages over Bitcoin like better privacy and a higher transaction speed than Bitcoin.

    6) Cardano (ADA) – Cardano is one of the newest cryptocurrencies and it not only offers a platform for Dapps and smart contracts but also offers many technological improvements over Ethereum and other blockchains.

    This altcoin has not given as high returns as other top coins but it is still popular among investors because of its promise of building a highly robust blockchain that offers advantages over Ethereum. We will see!

    More

    7) EOS – Relatively new altcoin whose Initial Coin Offering (ICO) was launched in June 2017. EOS and created by Dan Larimer. It is both a digital currency and a blockchain platform for DApps and smart contracts, more like Ethereum than like Bitcoin. This coin is much more scalable than Ethereum and EOS support multiple languages, including C++. This is a very convenient feature if you are the developer.

    8) Wanchain – It is possibly even more hyped up cousin of Wanchain. The two projects are in the same category of projects but are complementary to one another.

    Wanchain works on the ability of different chains to work together, like Icon. This is going to be of huge value as blockchain develops.

    9) Filecoin – Filecoin is a decentralized storage solution. Filecoin allows for anyone, anywhere to get paid for storage and it is built on top of IPFS. It is a new peer-to-peer protocol. Filecoin broke a record while raising $257 million dollars at their ICO. It has all of the right things with worldwide implications.

    These are just some of my thoughts that I share with you and you should not take them as the only and undeniable truth.

    Should you be cautious about altcoins?

    People are being very cautious with all these new forks and new versions of Bitcoin. There are alts that are booming right now it is just when new people join the market. They generally know only about BTC and once they do due diligence and learn about the market and with all the great alts that are out there, the money will shift.

    What do you think? Which alts look good in the near future?

    You might be interested MONETIZING BITCOIN – THE TECHNOLOGY BEHIND BITCOIN AND ITS USES

  • Investing or trading Bitcoin? What Is The Difference?

    Investing or trading Bitcoin? What Is The Difference?

    Investing or trading Bitcoin, this choice should depend on the knowledge of Bitcoin and the available property.

    2 min read


    The nature of Bitcoin is extremely volatile and the price can dramatically drop in the span of a few hours.
    Truly roller coaster!

    Because of that, the majority of traders give up after a few months or after the first market crash.

    Each time the Bitcoin bubble creates a hype that puts Bitcoin at the front pages of news, the media becomes more interested.

    Then the price keeps on rising and investors become millionaires. That’s until the bubble crashes and the circle starts all over again.

    That doesn’t mean you cannot get your hands on Bitcoin and own at least a bit of what is believed to be the future of currency. What you do have to understand is the difference between investing and trading Bitcoin.

    One of the greatest advantages of Bitcoin is its decentralized nature, which doesn’t require a  central authority or a middleman to be involved. Therefore, you can send money to anyone living around the world, eliminating banks. Most importantly,  you don’t have to pay extraordinary fees or wait days for the money to arrive at your bank account – it takes minutes.

    All the transactions that have ever happened are recorded in the so-called public ledger. The ledger is based on blockchain technology and allows anyone who’s a member of the Bitcoin network to access the records and see every user’s history.

    Thus, nobody can cheat, steal money or double-spend them.

    If there was anything suspicious happening, the entire network would be notified.

    Bitcoin is exciting and magnificent and unique due to the technology behind it and the idea of being free from governmental control.

    But before you decide to jump into investing or trading Bitcoin, there are few more things you have to know about its nature.

    Bitcoin isn’t a fiat currency, hence its price isn’t directly related to the economy or policies of a single country. It has a difficult history of ups and downs, many of them related to worldwide events.

    BTC will never disappoint when it comes to delivering exhilarating shivers down your spine.

    If you want to, you can spend all day long tracking different exchanges and trading.
    It is a roller coaster!!!

    Bitcoin is well-known for its rapid and frequent price movements, sometimes even throughout a day. For traders, it’s yet another exciting opportunity to gather quick profits.

    There is no official Bitcoin exchange, hence there is no official Bitcoin price. Bitcoin exchanges operate around the clock.

    Trading vs Investing Bitcoin

    Is It Better to invest or trade Bitcoin?

    This choice should depend on the knowledge of Bitcoin and the available property.

    Investing in Bitcoin can start from a small amount which can be increased with time and experience.
    It’s a long-term project, which might lead to accumulating a large amount of money.

    Trading should be reserved for those who know the Bitcoin nature in-depth and aren’t afraid of losing.
    The constant fluctuation of Bitcoin can be an exciting experience for any trader. On the other hand, it can scare away those who do not know how to deal with or handle it.

    In other words, the difference between investing and trading Bitcoin lays not only in the technicalities of it but also in somebody’s character and temperament.
    A lot of beginners are deceived with an idea of how much they can make from trading Bitcoin. It surely is a more dynamic environment and rates are changing quicker than in a traditional stock exchange, but that only indicates an even higher risk. The fluctuations in the value of a conventional currency can be measured in a fraction of a penny. Bitcoin prices, on the other hand, rise and fall dramatically throughout one day. 

    This isn’t advice, just notice to you who want to start trading or investing, doesn’t matter. You would never start with all of your capital. You would rather build the experience and understand the market properly.

    Investors can wait through the knockdowns and have the resources to postpone the bad impact.
    Traders, however, are often compared to professional gamblers – they have to act quickly and know when is the right time to leave the game.

    What else you have to know about trading and investing Bitcoin?

    You should never keep all your eggs in one basket.

    What does it mean? But don’t be mislead that the most secure option is to store your Bitcoins on some exchanges wallet.

    Why is that? If you’re thinking about trading, you also have a large amount of money to put on the market.
    Be cautious and invest in a secure and reliable wallet. An exchange can be closed and busted anytime, and so are your money.  It happened in Bitcoin’s early days. The catastrophic collapse resulted in losing over 800,000 bitcoins and customers were never able to receive their money back.

    Some see trading Bitcoin as a Wild West, without any regulations and legitimate backup. While others are sure that it is a manifesto of liberation. Something is well known, it’s a game of which nobody can predict the end result.

    Well, we hope that Bitcoin is gonna win! We are working on it!

    Listen to this guy.

    Risk Disclosure (read carefully!)


  • Trading Stocks Platform – How To Find The Best

    Trading Stocks Platform – How To Find The Best

    2 min read

    (Updated October 2021)


    The best trading stocks platform must be available from the beginning of the signup process.

    Trading stocks platform is simply software for trading, it’s a kind of online broker. It is very important for any investor. And the most powerful tool in your hands. Every trader has it’s own investment style of trading. An abundance of brokers’ offers allows individuals to choose what best fits their needs.

    If you’re an active trader looking to try your hand at beating the markets, you probably have a good idea of what you want from a brokerage: low costs, premium research, innovative strategy tools, and a rich with features trading platform.

    trading stocks platform

    This era of trading stocks platform makes the world as high-risk/high-reward investing accessible to the wide public. Profitable investing takes time and hard work. It also requires you to use the best trading stocks platform that fits your investing goals, educational needs, and learning style.
    If you are new investors, selecting the best trading stocks platform can make the difference between a great new income stream and an inevitable frustrating handover.

    You have to know one thing, there’s no sure-fire way to guarantee investment returns. But there is a way to set yourself up for success by selecting the right trading stocks platform that best suits you. I’ll try to show you all the important things you should be looking for in your ideal brokerage on your path to find the best online broker.

    For a starter, take a moment to focus on what is most important to you in a trading platform, before you start clicking on brokerage ads. You’ll be surprised!

    Recognize your needs when choosing a trading stocks platform.

    You must know them.

    If you are a novice, you may prioritize things such as basic educational resources, large glossaries. Also, you might prefer easy access to support services. Maybe the ability to have practice trades before you start playing with real money is more important to you.

    For example, an experienced investor, possibly someone who executed hundreds of trades already but is looking for a new trading stocks platform. Such will prioritize advanced charting capabilities, conditional order options, or the ability to trade derivatives, mutual funds, commodities, and fixed-income securities, as well as stocks.
    Trading Stocks Platform - How To Find
    And you have to be honest with yourself about where you are right now in your investing tour and where you want to go. Do you want to try your hand at day-trading but don’t know where and how to start? Maybe you like the idea of tailoring your portfolio, or you want to pay a professional to provide it done right?

    For now, I suggest you start with this crucial deliberation as a way to determine which of the brokerage features would be the most important to you.

    To help yourself to find and use the best trading stocks platform be honest when you are answering these questions.

    a) How much do you already know?
    b) What kind of trades will you want to execute?
    c) Are you an active or passive investor?
    d) What kind of help do you need?
    e) Define your goals

    Be brutally honest with yourself about how much time, energy, and effort you are willing to put into your investments. Your answers may change over time, no one can anticipate all their needs and goals for the rest of their life. Just start with where you are right now.

    Pay attention to several things while finding the best trading stocks platform



    * Does the brokerage website offers two-factor authentication
    * Do they clearly explain how they use encryption or “cookies” to protect your account information and how they work?
    * Try searching the web for reviews of the brokerage, using keywords like “insurance claim”, “fraud protection”, “customer support”, “chargebacks”, “easy withdrawal”
    * Will the company reimburse you for losses resulting from fraud? etc.

    And then test it!

    Every brokerage should have a decent description of what kinds of tools and resources it is trading stocks platform offers. But sometimes the best way to evaluate platform quality is to give it a test drive. For brokers that allow you to open an free or demo account. It might be worth the effort to go through the signup process just to access and test the trading platform.