As simple as it seems, the magnitude of the forex market is just mind-blowing — more than $5 trillion of currency change hands daily in the 24-hour, 5 days per week foreign exchange market.
For instance, if you buy the USD/EUR pair, you’re long the USD and short the euro.
The physical bitcoins you’ve seen around in photos are a novelty — the crypto would be worthless without the private codes printed inside them.
This makes it possible to track the history of bitcoins in order to stop people from making copies, spending coins they don’t own or undoing transactions.
A good example is Coinbase that charges a spread margin of up to 2% for cryptocurrency conversion.
With a massive range of tradable currencies, low account minimums and an impressive trading platform, FOREX.com is an excellent choice for brokers searching for a home base for their currency trading.
However, forex isn’t the only thing the broker offers — HYCM also offers high rates of leverage, stock and ETF trading, commodity investing and much more.
Though HYCM isn’t currently available in the United States, it can be a great choice for residents of the other 140 countries where it offers service.
A fully regulated broker with a presence in Europe, South Africa, the Middle East, British Virgin Islands, Australia and Japan, Avatrade deals with mainly forex and CFDs on stocks, commodities, indexes, forex, cryptocurrencies, etc.
Billing itself as the world’s 1st eco-friendly broker, CedarFX makes it easy to trade and give back to the planet.
CedarFX offers access to a wide range of tradable securities, including stocks, futures, major and exotic forex pairs, cryptocurrencies and more.
Vanuatu-based LegacyFX has been in business since 2012 and has won multiple awards worldwide for its brokerage services.
In addition to forex trading, LegacyFX gives you access to trade contracts for difference on spot gold, oil, cryptocurrencies, indices and stocks.
eToro, headquartered in Cyprus, England and Israel, has provided forex products and other CFD derivatives to retail clients since 2007.
Offerings include both major cryptocurrency projects like Bitcoin and Ethereum, and smaller altcoins like Orchid and 0x.
Voyager is a leading name in the sphere of cryptocurrency investing, giving you access to over 50 tokens and coins.
When you invest through Voyager, you’ll pay nothing in commissions, which is a major benefit when compared to other cryptocurrency brokers.
Be sure you understand each market before making an entry — and if you must speculate — only play around with money you can afford to lose.
Trading Bitcoin is riskier than forex trading since Bitcoin is a largely unregulated currency that displays violent price moves, not forgetting its speculative nature.
You can buy bitcoin and crypto instantly and access all the tools you need to understand the crypto market and start investing, all through one clear, attractive interface.
Learn more about the best cryptocurrency exchanges to buy, sell, and trade your coins.
Disclaimer: As per the European Securities and Markets Authority , the percentage of retail clients losing money on CFD trading must be updated every three months.
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