Cryptocurrencies: The Future of Forex?

by milton ferrara CEO

With the growing and evident globalization that is increasingly becoming part of our lives, it is not strange to think that in the future the economy will also have this turn. There are already many nations that have opted for the promotion of campaigns against cash, alleging the damage that this produces to the environment and even the danger that is handling it entails.

Conceived in 2008 and finally created in 2009, Bitcoin is the main one among the already existing "cryptocurrencies" that exist today.

Bitcoin was initially thought to be a means through which transactions could be made reliably without depending on banking entities of any particular state, but what started as a game ended up being the way to revolutionize global finance and became in one of the most requested means of payment in the market.

Throughout these years, bitcoin has given many people the opportunity to generate extra income, some through the direct purchase of the cryptocurrency and others, through trading. But will cryptocurrencies replace existing currencies now?

Many analysts see great potential in these cryptocurrencies, some countries have accepted it, others reject it totally and others for their part work in silence to build/create their own cryptocurrencies in the future.

For now, the trend is high,and opportunities are taken advantage of every day, something that many people know how to go through trading.

Who can Trade with Cryptocurrencies?

Cryptocurrency trading can be done by any person as long as they have a good understanding of their investments.

But do not worry, if you are a newbie in the subject, we recommend you take a course right now and start learning the correct way to trade.

Opportunities with Cryptocurrencies.

Given the great changes of recent years, Bitcoin has maintained its value in a fluctuating way, presenting in 2017 an increase as had never been seen since its creation. From April to September of last year, Bitcoin’s price raced up to 400%, giving the highest returns which can present any investment in these times.

Thus, the trader's job is to analyze prices, identify trends (bullish, bearish or lateral), wait for the right moment and make decisions to buy or sell the cryptocurrency you want.

How Much Money do you Need to Trade with Cryptocurrencies?

To trade with cryptocurrencies, you can start from $100.

What Broker do we recommend?

The best broker that we recommend most to invest in cryptocurrencies is to perform due research on several exchanges available, while for forex we recommend Juno markets forex. These are the criteria to look for.

v It has a wide range of cryptocurrencies (Bitcoin, Litecoin, Bitcoin Cash, Etherium, Ripple, Dash, among others).

v It is a serious, regulated and reliable broker, just like Juno Markets review shows.

v No fees or hidden charges.

v Available to invest on weekends

v Intuitive and easy to handle platform.

v You can start at $100.

v The bonus is fully operable,and the profits derived from it can be withdrawn.