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Differences between Cryptocurrency Trading and Forex Trading – Explained!

Trading in Virtual currencies is not as same as trading real fiat foreign cash, and it is essential to acquaint with the differences before proceeding ahead into exchanging venture. Getting ready for trading Forex is especially not quite the same as adapting for trading Bitcoin. Forex is substantially more dependent on abilities and knowledge because the value of foreign money relies upon the general state of the economy in the nation where the trading takes place.

Crypto trading

Cryptocurrency or crypto trading is the trading of cryptocurrencies. Moreover, in forex, the user can likewise purchase and sell a cryptocurrency for another cryptocurrency, as Altcoin, Bitcoin for USD and Euro. This is one of the methods for engaging in the realm of cryptocurrencies without mining it. Cryptocurrency exchanging is like forex trading that the two of them include trading currency for one more currency. Furthermore, the forex market and cryptocurrency market are impacted by various factors.

Forex trading

The Forex (foreign exchange market) is where currencies are being exchanged. Fundamentally, all trade is presently global in some way; there is more need for exchanging in foreign currencies. Moreover, it makes the forex market the most flowing around the planet.

Differences between Forex and Crypto Trading

  • The most significant factor in selecting the resources to invest in Forex or cryptocurrency is the convenient time of the Investor. Forex exchanging is essentially speculation for a shorter timeframe. Under ordinary conditions, the trade is made within a few days. In contrast with cryptocurrencies, the Forex market is entirely quick. Because of the smaller margins of revenues, it is essential to exploit each possible opportunity to exchange. However, by involving a lot of trades, there are more chances in making more substantial profits.
  • The Forex market is the biggest, most fluid market on the planet. It is a decentralized global market, where every one of the currencies on the world is exchanged. As a worldwide market, the Forex is affected by various elements, such as political announcements, inflation, and employment reports. Overall, $5.3 trillion is exchanged in the Forex every day.
  • On the other hand, cryptocurrencies are called “Digital Currencies,” are not the same currencies like the U.S. dollar or the Japanese yen. Moreover, the currencies in the Forex market are endorsed by a centralized government, and digital currencies are not. They are facilitated online and conducted by the peer-to-peer process of authentication that prevents the user from utilizing a cryptocurrency, such as Bitcoin more than once.
  • Generally, the crypto market is increasingly volatile and unpredictable. For extreme foreign currency pairs in the Forex, instability is around 1% and .5% for the traditional currencies. However, Bitcoin has volatility of about 5% to 15%. That is the reason why cryptocurrencies can be engaging to dealers with a high risk of tolerance.
  • Succinctly put, forex market comprises of the global financial markets, there is an ample supply of currencies which are accessible for exchange. However, for cryptocurrency, a limited amount is available. A limited quantity of crypto increases demand. Since there is a market cap on what number of cryptocurrencies can be made, the value for cryptocurrencies frequently increases.
  • However, both the Markets can have high instability, which is both a positive and a negative. Volatility is available in both the Forex and crypto markets. Further, the higher the risks, the higher will be the reward. Although the cryptocurrencies tend to fluctuate fiercely, both the forex market and cryptocurrency market can be liable to a considerable variation in cost in a much smaller timeframe. 

Wrap up

Exchanging either foreign currencies or cryptocurrencies includes a higher state of commitment. It requires proper risk management, effective equity planning, persistence, and a powerful desire to learn persistently. Moreover, there is no uncertainty in trading these famous markets can prompt amazing opportunities for a financial specialist. A lot of active traders have taken the risks of the forex market for the capability of Bitcoin and cryptocurrencies. Lastly, the choice of whether to exchange forex or Bitcoin is reliant upon a user’s targets, resources, and risk tolerance.

Oil Prices Become Steady as U. S. Gulf Facilities Resume Operations

The price of oil has been fluctuating quite a lot for most of the year so far, and much of the problem is rooted to the uncertainty with regards to its supply. Following the decision by OPEC to continue with their embargo on throttling the supply, the price of oil had risen last month, and as everyone knows, it is one of the most important factors when it comes to global trade and finance. That being said, it was hoped that the supplied form the United States Gulf would be able to balance some of the shortfalls. However, the threat posed by the Tropical Storm Barry had resulted in the stoppage of operations in the region completely and pushed oil prices further up.

That problem is now no longer a factor as the operations were resumed in the U. S. Gulf on Tuesday and soon enough the price of oil steadied in Asia as traders realized that the issues with supply might not be as acute now. The storm had made the landfall in Louisiana on Saturday last week. The U. S. Crude Oil Futures remained resilient at the $59.60 level, while the International Brent Futures gained by only 0.1% to hit $66.55. Needless to say, it is clear to see that prices have steadied after this particular news broke.

After it came to light that Barry will no longer be anything more than depression from now on, the oil producers resumed their operations, and according to reports, 74% of the oil-producing operations have been restarted. That being said, some traders have also stated that the resumption of operations could also lead to a case of oversupply. Phil Flynn, who is an energy analyst, stated, “Tropical Storm Barry could have been a lot worse. Yet it might not be just the passing of Barry that could ease upward pressure on oil prices, but also the possibility that geopolitical storms with Iran may start to see the skies clear.” It goes without saying it is an important development for thousands of traders who had been looking for a semblance of order in the oil market.

Tesla Asks Apple for Help Regarding Alleged Stolen Trade Secret Lawsuit

The stolen trade secrets lawsuit against an engineer is a hugely important one for Tesla. In order to succeed in winning the lawsuit, the company has contacted tech giant Apple for help.

The world of tech at the very highest levels can be incredibly cutthroat. Over the years, there have been many instances of employees stealing key trade secrets before moving on to work for a competitor. That is what electric car manufacturing company Tesla has accused a former engineer of doing. The electric car manufacturing company has claimed that a former engineer, who had been part of its Autopilot project had taken large amounts of information and then moved on to work with Tesla’s competitor XMotors.ai. XMotors is a company that is involved in research and is owned by Chinese company Xpeng. That being said, it is important to point out that the lawsuit is still in the preliminary stage and Tesla would need to conduct its own fact-finding mission of sorts in order to make its case.

Tesla wishes to go through the former employee’s e-mails and then conduct a thorough analysis of the electronic devices owned by him, which includes an iPhone. However, in order to conduct such forensic analysis on an iPhone, the company would need to have cooperation from Apple and it has emerged that the tech giant has been served a subpoena by Tesla. More often than not, tech giants like Tesla and Apple do not usually cooperate, particularly when the latter is actually looking to get into the autonomous vehicle as well. That being said, in some reports, it has been stated that Apple could consider helping Tesla since at the end of the day Xpeng is a common adversary for these companies.

The engineer in question, Guangzhi Cao revealed that he had saved several files during his tenure as an engineer in the Autopilot project, into his iCloud account. However, Cao insists that he had not engaged in any kind of wrongdoing with regards to the information that he had saved. On the other hand, Xpeng has stated that it believes in fair business practices and stated that it had nothing to do with Cao’s actions.

Bitcoin Cash Price Analysis: Bitcoin Cash (BCH) Falls to $345.48, Will It Survive the Volatility?

13-June-19 till 26-June-19 can be called as a very good period for BCH as the prices were continuing to rise barring a few falls in between this period. The coin rose to the highest price level of $513.58 in the said time frame on 26-June-19 as per 20:30 UTC time. Post the said date, the coin witnessed several sharp falls in the prices. In the first week of July, movement of the coin seemed to be kind of stable and the same trend was expected. However, it saw a massive decline with price of the coin falling to $321.35. From 26-June-19 till 11-July-19 there has been a decline in prices by around 37%. As on the date, the coin is likely to trade more or less in the range of $343 and $353.

Let us look at how BCH has performed:

Current Data of BCH Coin:

  • Bitcoin Cash ranking retained at number 5.
  • As per 08:45 UTC time today, market value of the coin was $6,206,927,068.
  • BCH price is $346.47 as per 11:30 UTC time.
  • 24-hour volume figures are $1,312,041,846.
  • 17,888,963 BCH coins are at present in circulation.
  • ROI of BCH stands at -37.48%.

Bitcoin Cash Price Prediction:

Comparing BCH price $321.35 of 11-July-19 as per 05:00 UTC time and today, the coin presently shows an upward trend by 7%.

After a day’s time BCH may continue to rise and reach around $352.24. By the beginning of next year, Bitcoin Cash has all the potential to touch $540.

Conclusion:

Experts strongly suggest selling the BCH coins at the moment. BCH has shown a growth of more than 135% as per YTD figures. You may also invest in the coins now with sustaining the same for 5 and more years as it will offer very good returns and profitability in the near future. Short term trading on BCH may not prove to be fruitful considering the current movement of the coin. BCH has the capacity to break its previous records, provided it remains stable and shows the same efficiency and movement which it had manifested in the past.

Stellar Price Analysis: Stellar (XLM) Shows an Upward Momentum Today

With no such great announcement or partnership heard from Stellar community, they are losing their place on ranking anyways. However, this might be a good time for Stellar to show some surges to rank better and increase the capitalization.

Currently, Stellar price is trading at $0.097999 at 05:13 UTC, which is expected to surge in an upward direction. The other essential factors are:

  • Return on Investment: 3179.98%, increased from yesterday
  • Total supply/Circulating Supply: 105,142,706,350 XLM/ 19,426,240,484 XLM
  • 24 Hour Volume: 492,528,781 USD
  • Market Cap: 1,893,199,909 USD
  • 7 Day high/low: 0.106230 USD / 0.086259 USD

XLM to USD Price Comparison

From the last 5 days, the price of Stellar coin hovers around the baseline. On 8th July at 09:45 UTC, the XLM price was trading at $0.106349, which then dropped by 12.93% on 10th July at 15:00 UTC trading at $0.092548. The value then went further down by 7.52% on 11th July at 20:50 UTC trading at $0.08559319.

However, the value then increased by 17.53% on 12th July at 08:10 UTC with a trading price of Stellar coin at $0.10054433. The value now has dropped by 2.5% from then.

Stellar Price Prediction and Conclusion

Stellar continues to be in bearish nature from past few days! This might be bringing a concern to the existing traders in the network. Well, of course, this might be a good time for the new investors to enter in the network, but the existing traders might be scratching their heads with Stellar performance.

It’s time for Stellar to show some better movement; otherwise, we might just see the valuation of Stellar around $0.15 by the end of 2019.

Volkswagen to Invest in Autonomous Vehicle Company Argo AI, Which is Backed by Ford

While electric vehicles have managed to become a reality, the next big project for some of the biggest car companies and technological innovators are self-driving cars. Although it is true that prototypes have been made and they seem functional, the challenge is that of producing autonomous cars at an industrial scale. Hence, some of the biggest car manufacturing companies are now investing in tech startups that specialize in creating autonomous vehicle manufacturing and creating their own divisions as well. In a new development, German car manufacturing giant Volkswagen has decided to invest in Argo AI, an autonomous car manufacturing company that has been backed by Ford already.

The fresh investment from Volkswagen is going to give Argo AI a total valuation of $7 billion at this point. The investment is a hefty one. Volkswagen is going to invest a total of $2.6 billion, out of which $ 1 billion will be in cash and in addition to that, Argo is also going to be supplied with an Audi Autonomous Intelligence Driving unit. The scale of the investment is a clear indication of the sort of money that needs to spend in order to produce viable self-driving cars. However, in this regard, it needs to be stated that the bigger story from this Volkswagen investment is the fact that this is a continuation of the fact that the German company had formed with Ford last year.

Despite the recent troubles that the two companies have gone through, they remain two of the richest and most influential car manufacturers in the world, which is why this development is something that should not be seen as just another investment. It could mean the strengthening of an alliance that has the strength of taking on some of the bigger car makers in the world when it comes to competition. An analyst of the automobile industry at Gartner Inc. stated,

“It’s a big, well-financed effort that puts them easily on the same footing as a Waymo or a GM. By combining forces, both companies bring a significant amount to the table. This is a long-term strategic play.”

Verge Price Analysis: The Bears Are Expected To Lower The Verge (XVG) Price Further

  • The cryptocurrency market is still reeling under the effect of bears as can be seen from the 5-Day price fluctuations in the XVG price.

Verge is a scalable cryptocurrency on the blockchain platform that focusses on complete anonymity and privacy for its users. The market conditions are not getting any better for the Verge price. The price of Verge has been on the decline as can be seen from the 5-Day chart, which shows the price fluctuating in the range of $0.0063 – $0.0081. If the markets do not show stability, then Verge may further lose their value and hamper investment decisions.

Current Statistics of Verge Coin

As on July 12, 2019, at 4:53:38 UTC, current statistics are as below:

  • Market Price of Verge coin is $0.00656
  • Current market cap is around $102,541,911
  • 24-hour volume is at $1,677,965 
  • ROI is at a huge > 9000 % at a sound Circulating supply of 15,817,269,079 XVG

XVG to USD Price Comparison

The 5-Day price chart shows a very bleak pattern for Verge with the prices sliding down further to the lower level. On July 07, the price of Verge was at $0.008042. From here, the price was on a continuous downward slide and went to $0.006965 on July 10 within a time gap of 3d 12h, showing a downward movement of 13.33%. In 8h 35m on July 11, the price did show a sudden rally of 16.65% at $0.008120. The bear trend, however, pulled the price downwards within 20h 25m on the same day to $0.0063029 showing a movement of $22.38%. Today the Verge price is trading at $0.00656949, which is slightly better at 4.76%. Verge has been stuck in the same price range from the beginning of July as the crypto market is in no mood to take a better turn.

Verge Price Prediction & Conclusion:

XVG coin price has been sliding down continually on account of the ongoing fluctuations in the crypto market. It looks like the bear phase in the market is going to hold ground for a long time. Bulls are trying their level best to regain control, but the negative market sentiments are pulling them down.  

With the market conditions not having shown any further improvements, investors are advised against investing in Verge at the moment. The price of the Verge is expected to go down further as the bears are set to rule the market for a longer period than previously expected.

Dogecoin Price Analysis: Dogecoin (DOGE) Prices Trading Downside, Will It Show Improvement Soon?

It seems from yesterday’s trend that DOGE is moving back below the baseline, which will affect the portfolios of the traders. It might not be right to correct to make any judgment as of now, but traders might be pointing their disappointment soon if the trade continues to move downwards.

Currently, the Dogecoin price is seen at $0.00326359 at 05:04 UTC on 12th July 2019. The other essentials calculated are as follows:

  • Return on Investment: 481.25%
  • Total supply/Circulating Supply: 120,302,510,051 DOGE/ 120,302,510,051 DOGE
  • 24 Hour Volume: 38,491,175 USD
  • Market Cap: 390,725,490 USD
  • 7 Day high/low: 0.004471 USD / 0.003173 USD

DOGE to USD Price Comparison

In the last 5 days analysis, the highest valuation was seen on 7th July at 20:05 UTC with a trading value of $0.003713 which was dropped by 10.78% on 9th July at 15:00 UTC trading at $0.003313! The value was then escalating upwards. On 10th July at 02:10 UTC, the value was trading at $0.003660, which was an increase of 10.42% from the lower value on 9th July.

The value after 10th July was then constantly dropping. Yesterday at 20:45 UTC, DOGE price dropped by 17.46% and reached $0.00302126 then. The value now has been increased by 8.01% from then.

Dogecoin Price Prediction and Conclusion

Although Dogecoin is fluctuating around the $0.003 mark, it is in a slight upward movement from the past few months. Traders might be delightful to earn some profits right now. However, the trade might be sliding to a pivot zone in a while. DOGE is absolutely an attraction in the altcoins, which means the market ranking and supplies might see a surge as well.

By the end of 2019, we might see the Dogecoin price trading at upside value of $0.007. But for now, ‘selling’ your coin might be a profitable decision before the value drops further down.

ETN dropped in the red zone on 10th July 2019

After the recent software update of Electroneum, the coin has become the World’s most secured decentralized and eco-friendly cryptocurrency. ETN coin is definitely on fire these days! Are we going to see ETN landing to the moon as well? Well, it might happen, but for now, let’s see what price statistics has to quote about Electroneum.

The ETN price is currently trading at 0.0000004767 BTC at 09:36 UTC on 11th July 2019. The remaining essentials are as follows:

  • Return of Investment: -94.31%
  • 24 Hour Volume: 490,557 USD
  • Market Cap Value: 52,267,710 USD
  • Total supply/Circulating Supply: 9,730,385,122 ETN/ 9,730,385,122 ETN
  • 7 Day high/low: 0.007045 USD / 0.004435 USD

ETN to BTC Price Comparison

In past 5 days, the lowest was seen on 6th July at 07:40 UTC trading at 0.0000004205 BTC which was then escalated at a good percent by 30.99% on 8th July at 15:00 UTC with a trading value of 0.0000005505 BTC. The value was fluctuating in between but quoted another higher valuation on 9th July trading at 0.0000005524 at 08:05 UTC.

However, the value then was seen dropping constantly trading at 0.00000047 on 10th July at 15:25 UTC by 14.87%. The value was increased in few hours by 9.11% at 19:10 UTC at 0.0000005121 BTC. The value now, however, is dropped by 6.9% from then.

Electroneum Price Prediction and Conclusion

It might not be wrong to state that ETN surprises most of the traders these days. The market ranking has definitely improved, and the trend is followed in the bullish nature. The investors might be enjoying the returns already. And if the trend continues to grow at the same speed, we might be able to see ETN trading around 0.00000075 BTC by the end of 2019.

XRP Could not hold tight at $0.40 and drops with extreme bearishness

In the recent regional Ripple event in MENA, the benefits to users at Fintech were also discussed. The innovation of Fintech is gaining momentum and users are expected to be benefiting from the same. However, how has Ripple gained the publicity through the same is still unanswered.

For now, let’s see if the XRP price trend has shown some progress or not.

Price Analysis of Ripple on 11th July 2019

XRP is currently trading at $0.33 at 09:02 UTC as on 11th July 2019. Following are the market essentials calculated as follows:

  • Return of Investment: 5539.03%
  • Market Ranking: 3
  • 24 Hour Volume: 2,551,838,594 USD
  • Market Cap Value: 14,099,230,198 USD
  • Total supply/Circulating Supply: 99,991,588,101 XRP/ 42,566,596,173 XRP
  • 7 Day high/low: 0.4083USD / 0.3257 USD

Comparison

In the past 5 days, the highest value of the coin was seen on 6th July at 14:15 UTC, with a trading value of $0.41033. The value was trading in the bullish zone, above the baseline for a few days resulting into returns for investors. However, the value started dropping in the bearish zone soon enough. The value dropped by 15.81% on 10th July at 15:10 UTC with a trading value of $0.34565. From then, the value further dropped by 8.29% today at 04:10 UTC with a trading valuation of $0.317.

However, the value is now increased by 4.63%.

Prediction and Conclusion

XRP is diverted in the Bearish zone. So, this might be a good time for the new traders to invest in XRP. Ripple has been a good long-term investment that is easily quoted by the market ranking itself. And with crypto, patience is the key for better returns and trends.

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