indiTraders - Forum for the Active Indian Trader  

Go Back   indiTraders - Forum for the Active Indian Trader > Markets > Forex

Forex Currencies

View Poll Results: Do you think digital currency will replace paper currency?
Yes, for sure 2 50.00%
No, Not at all 1 25.00%
Maybe 1 25.00%
can's say 0 0%
Voters: 4. You may not vote on this poll

Reply
 
Bookmark and Share LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 19-12-2014, 06:37 PM
Bitcoin Bitcoin is offline
Newbie
 
Join Date: Dec 2014
Posts: 2
Thanks: 0
Thanked 2 Times in 2 Posts
Bitcoin is on a distinguished road
blue Bitcoin-the future King of Currencies

This thread is an effort to take you through new world of digital currency trading.

As you must be familiar by now what is Bitcoin all about. Bitcoin is a digital currency that can be transacted through a peer-to-peer network without the need of a central authority. The technology is widely known as "crypto technology."

Crypto technology has the potential to transfer the way in which how financial system works currently. In few years time, there are all possibilities that digital currency transaction would form the primary source of money transaction and we might say bye-bye to paper currencies.

I can go on and on about the technology, but I would like to focus this thread on the opportunity that Bitcoin provides for the FOREX traders.

People who are familiar with equities and FOREX, will agree to the fact that the volatility in equity market is unmatched and so as the leveraged in FX market. Bitcoin currently provides the rare combination of experiencing the volatility of equity market combined with the leverage of FX market.

Bitcoin is traded 24 x 7 globally and the volatility ranges from 5 to 10% easily on many occasions. Currently the leverage provided by the broker ranges from 3 times to 10 times. Since the market is fully functional on Saturdays and Sundays, the working professionals also can give a try on weekend Bitcoin trading.

Few companies which are currently providing leveraged trading are

Atriol UK Limited
OKCoin
Bitfinex
FXopen


Many forex brokers are in the making of releasing a Bitcoin trading product.

I would like to invite all FOREX traders to start a healthy discussion on leveraged Bitcoin trading so that new traders can get more information about the digital world which we are entering in to.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following User Says Thank You to Bitcoin For This Useful Post:
  #2 (permalink)  
Old 19-12-2014, 07:49 PM
JJ's Avatar
JJ JJ is offline
.
 
Join Date: Mar 2009
Posts: 6,899
Thanks: 20,032
Thanked 27,886 Times in 6,624 Posts
JJ has a reputation beyond reputeJJ has a reputation beyond reputeJJ has a reputation beyond reputeJJ has a reputation beyond reputeJJ has a reputation beyond repute
JJ has a reputation beyond reputeJJ has a reputation beyond reputeJJ has a reputation beyond reputeJJ has a reputation beyond reputeJJ has a reputation beyond reputeJJ has a reputation beyond reputeJJ has a reputation beyond reputeJJ has a reputation beyond reputeJJ has a reputation beyond repute
Default

Bitcoin needs a central bank to calm nerves during panics which ofcourse is not going to happen.
__________________
In a fight between you and the markets, back the markets.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #3 (permalink)  
Old 20-12-2014, 07:06 AM
Bitcoin Bitcoin is offline
Newbie
 
Join Date: Dec 2014
Posts: 2
Thanks: 0
Thanked 2 Times in 2 Posts
Bitcoin is on a distinguished road
Default

the whole point of crypto technology is to avoid a central authority to dictate and control. when Bitcoin establishes itself as a major digital currency across the globe, the volatility will come down and market will realize the price by itself. The banks are not going to sit aside when the digital currency establishes itself. As and when few regulators starts regulating the bitcoin, Banks will jump in to business as they will become a natural choice for wallet services.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following User Says Thank You to Bitcoin For This Useful Post:
Reply

indiTraders - Forum for the Active Indian Trader > Markets > Forex


Tags
bitcoin, forex, leverage, moneymaker, trading

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are On



All times are GMT +5.5. The time now is 02:44 PM.


vBulletin Copyright by vBulletin

Content Relevant URLs by vBSEO 3.3.2