Further education is required if investors are to fully embrace cryptocurrency in the UK.
Despite the continued growth of the cryptocurrency market, this has yet to enter the conscience of mainstream investors in the UK. In 2017, it was estimated that around 97% of Brits had yet to buy cryptocurrency, despite the fact that Bitcoin’s price increased by more than 2000% throughout the course of the year.
This suggests that further education is required if investors are to fully embrace cryptocurrency in the UK, as this will help individuals to mitigate their risk and profit from the growth potential within the marketplace.
In this post, we’ll offer a brief guide to cryptocurrency and ask how you can leverage this to your advantage in 2019.
Understand the Economics of Cryptocurrency
If you’re to successfully trade cryptocurrency, it’s imperative that you understand the unique economics that underpin the market. The most important aspect of this is supply and demand, as there’s a finite source of crypto tokens like Bitcoin available in the world.
This is because they have to be “mined” electronically through a complex and time-consuming process. In total there’s thought to be a circulating supply of 16.7 million Bitcoins on the market.
This relative lack of supply underpins the volatility that defines Cryptocurrencies like Bitcoin, while it was also thought to be largely responsible for its rapid price growth as demand grew exponentially in 2017.
This also impacts on the Liquidity of cryptocurrencies, with some tokens boasting higher levels of liquidity than others. Take Bitcoin, for example, which combines high demand with low bid-ask spreads and small price impacts to dominate the marketplace.
Make the Most of your Available Crypto Trading Resources
Once you’ve grown to understand the economics behind cryptocurrency, the next step is to build a diverse portfolio using a number of resources. To begin with, you’ll definitely need to have access to a viable trading platform like ADSS, as this enables you to build and manage a portfolio through a single interface and in real-time.
This platform also offers you access to a wide range of objective charts and analytical tools, which can inform your crypto trades and increase your chances of achieving a profit.
You should also consider reviewing technical analysis indicators like the Relative Strength Index (RSI), which measures the speed and strength of individual price movements in the market by analyzing a token’s past performance.
Diversify your Trading Portfolio
The importance of diversification is central to every successful portfolio, as this spreads risk across strategically-selected assets and markets. In this instance, it’s crucial that you identify each coin’s individual risk level, as this can inform every single selection and contribute to a balanced (and ultimately sustainable) portfolio.
Essentially, tokens can be divided into three distinct categories: low, medium and high-risk cryptocurrencies. Over time, this could translate into an effective and profitable trading strategy, and one that can help deliver returns over time.
Despite the continued growth of the cryptocurrency market, this has yet to enter the conscience of mainstream investors in the UK. In 2017, it was estimated that around 97% of Brits had yet to buy cryptocurrency, despite the fact that Bitcoin’s price increased by more than 2000% throughout the course of the year.
This suggests that further education is required if investors are to fully embrace cryptocurrency in the UK, as this will help individuals to mitigate their risk and profit from the growth potential within the marketplace.
In this post, we’ll offer a brief guide to cryptocurrency and ask how you can leverage this to your advantage in 2019.
Understand the Economics of Cryptocurrency
If you’re to successfully trade cryptocurrency, it’s imperative that you understand the unique economics that underpin the market. The most important aspect of this is supply and demand, as there’s a finite source of crypto tokens like Bitcoin available in the world.
This is because they have to be “mined” electronically through a complex and time-consuming process. In total there’s thought to be a circulating supply of 16.7 million Bitcoins on the market.
This relative lack of supply underpins the volatility that defines Cryptocurrencies like Bitcoin, while it was also thought to be largely responsible for its rapid price growth as demand grew exponentially in 2017.
This also impacts on the Liquidity of cryptocurrencies, with some tokens boasting higher levels of liquidity than others. Take Bitcoin, for example, which combines high demand with low bid-ask spreads and small price impacts to dominate the marketplace.
Make the Most of your Available Crypto Trading Resources
Once you’ve grown to understand the economics behind cryptocurrency, the next step is to build a diverse portfolio using a number of resources. To begin with, you’ll definitely need to have access to a viable trading platform like ADSS, as this enables you to build and manage a portfolio through a single interface and in real-time.
This platform also offers you access to a wide range of objective charts and analytical tools, which can inform your crypto trades and increase your chances of achieving a profit.
You should also consider reviewing technical analysis indicators like the Relative Strength Index (RSI), which measures the speed and strength of individual price movements in the market by analyzing a token’s past performance.
Diversify your Trading Portfolio
The importance of diversification is central to every successful portfolio, as this spreads risk across strategically-selected assets and markets. In this instance, it’s crucial that you identify each coin’s individual risk level, as this can inform every single selection and contribute to a balanced (and ultimately sustainable) portfolio.
Essentially, tokens can be divided into three distinct categories: low, medium and high-risk cryptocurrencies. Over time, this could translate into an effective and profitable trading strategy, and one that can help deliver returns over time.
Binance Trial on Ice in Nigerian Court as Lawyers Demand Missing Documents
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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