• Understanding Contracts for Difference (CFDs) in Forex Trading: A Comprehensive Guide

    Posted in Forex on May 12, 2024

    Trading in the forex market can be a lucrative endeavor, but it requires a solid understanding of various financial instruments. One such instrument gaining popularity among traders is Contracts for Difference (CFDs). In this guide, we'll delve into the world of CFDs, exploring what they are, how they work, and essential strategies for mastering the basics of forex trading with CFDs.

    What are Contracts for Difference (CFDs)?

    Contracts for Difference (CFDs) are derivative products that allow traders to speculate on the price movements of underlying financial assets without owning the assets the...

  • The BTC Aftermath - Biggest Winners vs. Winners?

    Posted in Crypto on May 02, 2024

    Ticker Symbols:- Bitcoin (BTC) - $63,645.80, Ethereum (ETH) - $3,340.41

    The Halving

    The 19th of April 2024, saw the 4th halving take place when the 840,000th block was mined, signalling the halving of rewards of crypto mining and subsequently, the amount of BTC created went down, from 6.25 BTC to 3.125 BTC every 10 mins. We have already explored the potential downsides of this event and I think it's only prudent to flip the coin and talk about the upside, that has most of the bullish community ready to jump on the bandwagon for a ‘one way’ ride to the moon.

    Price Movement

    The current price per...

  • Understanding Pips in Forex Trading: A Comprehensive Guide

    Posted in Forex on Apr 26, 2024

    What Are Pips?

    In forex trading, a pip stands for "percentage in point" or "price interest point." It represents the smallest unit of price movement for a currency pair in the forex market. Pips are used to measure changes in exchange rates and determine the profitability or loss of a trade. Understanding how pips work is essential for forex traders to accurately calculate potential gains or losses and manage risk effectively.

    How Pips Are Calculated

    The value of a pip is typically expressed in the fourth decimal place for most currency pairs. For example, if the EUR/USD exchange rate moves fr...

  • 4th Coming: Bitcoin's Halving - Doubling Costs, Doubling Excitement!

    Posted in Crypto on Apr 25, 2024

    Ticker Symbols:-

    Bitcoin (BTC) - $63 971.00 , Marathon Digital Holdings Inc (MARA) - $16.50, CleanSpark Inc (CLSK) - $17.20, Riot Platforms (RIOT) - $9.13 , Phoenix Group Holdings PLC (PHNX) - $5.98, Terawulf Inc (WULF) - $2.29,

    Introduction

    A Bitcoin (BTC) halving event has so far taken place roughly every 4 years when the mining rewards are halved and in turn, halves the supply rate of new BTC. The current market cap of BTC is sitting at about $1.2 Trillion and with the current supply sitting at about 19 million BTC in circulation, it’s meant to only have 21 million in circulation with the l...

  • Cryptocurrencies: A Transformative Force in Finance

    Posted in Crypto on Apr 22, 2024

    Introduction

    Cryptocurrencies have emerged as a transformative force in finance, reshaping traditional banking systems and opening up new avenues for investment and financial transactions. This article delves into the journey of cryptocurrencies, their profound impact on the financial landscape, and the promising future they hold.

    The Genesis of Cryptocurrencies

    In 2009, Bitcoin, introduced by the enigmatic Satoshi Nakamoto, pioneered the concept of decentralized digital currency. Bitcoin's blockchain technology offered a secure and transparent platform for peer-to-peer transactions, free fro...