Trading is participating or taking part in the financial share markets to perform investing of buying or selling. When a trader wants to achieve success by yielding profit, he or she should approach trading as business. A trader initially should have a plan of what to trade and how to trade. The plan should be so easy and concise so that when it is handed over to another new trader, he or she will be able to execute it properly in an exact way. A successful trader should devote his or her time and effort so that they will succeed in it.
Styles of trading:
The trading profits can be achieved by buying low and selling high method. There are four styles of trading as listed below.
- Position trading
- Swing trading
- Day trading
- Scalp trading
How to find out a scam binary options robot:
There are many ways to find out the software is a scam or legit.
- Poor website design:
This is an important tip to make sure when you really want to trade a binary options robot. Because the scammers will not worry about the design of the web page as they never want to spend time and money on it. So, the design of the website is untrustworthy.
- No previous history:
There will be no history on the experience and success of the software. Their intention is just to make the traders fool.
There are many advantages and disadvantages in Bitcoin code currency. Let us take a close look at the advantages of bitcoins.
- Anonymous and private:
Bitcoin transactions are fully anonymous and private. Bitcoin transactions cannot be easily identified like the transactions in bank. It is very difficult to track the transactions. So, no one can hack our transaction details.
- Freedom for payment:
As there will be no bank at all, there will be no holidays or strike. Anyone can transfer bitcoins to any person in any part of the world. There will be no limit for payment.
- Minimal transaction fee:
The transaction fee is based on the priority of the person. If he wants the transaction to be done immediately, he has to pay a minimal transaction fee. Otherwise, there will be no transaction fee.
Bitcoin transactions are much secured as there is no intermediary, so that no fraudulent chargebacks will occur.
Disadvantages of bitcoin trading:
Some of the disadvantages of bitcoin trading are connected with its digital and decentralized nature.
Bitcoin trading is not suitable for the uneducated workers. So, it is accepted only by a very small number of users. Many people are not aware of this digital currencies. Only some businessmen is doing bitcoin trading.
It is difficult to predict what will happen next since there are many factors that affect price volatility. The factors like supply and demand will change daily.
- Valuation problem:
There will be no one to guarantee bitcoin’s value as it is decentralized. So, this will make loss for many users when supply increases and demand decreases.
- Digital nature:
The users are forced to change the bitcoins into currency when they want to purchase somethings in physical stores since it is digital in nature. The users are not allowed to spend outside from the digital platforms.
Bitcoin transactions are so fast because there will be no bank transactions. Bitcoins transactions are like an email and it can be done within 10 -15 minutes.
- Create our own money:
We can produce bitcoins currency as central government prints their own money. This can be done by a process called “Mining”.