Bitcoin became the first ever cryptocurrency when it was released in 2009. However, with only one coin available, you couldn’t trade it with any other cryptocurrency.
A few years later when more and more cryptocurrencies were created that people started trading them. The idea is really simple. You trade one cryptocurrency for another, with the hope that the coin you buy increases in value. This concept is the same as the real-world stock exchange.
When people trade, they need to use a cryptocurrency exchange. This is so buyers and sellers can be matched. For example, if you are holding Bitcoin and want to sell it for Ethereum, an exchange will help you find an Ethereum seller to trade with.
Today the cryptocurrency market cap is over £150 billion. Some of the larger coins on our watchlist are: Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, IOTA, NEM, Dash, NEO, Monero, Qtum, TenX and BitShares.
We show you how to monitor your risk not only per trade but also across your whole forex portfolio.
If you set your stop orders too far away you introduce a far greater level of risk into your forex trading- we help you to understand this.
UMAR FX understands both winning and losses are a natural part of your trading life. How you respond to these determines your long-term performance. When your trades are running well you need to keep a clear head and an eye to your long-term goals.
Your trading plan represents your best judgement of how you can achieve your forex trading goals which we help you develop.
You can apply technical indicators to your price chart to add information regarding market sentiment and potentially confirm your reading of the trend, we will show you a number of techniques to help with your analysis:
There are many forex trading systems out there, from the simple to the highly complex. You need to understand the principles behind any system you choose to appreciate how the system fits your trading style. We show you how to chart, navigate and use different indicators.
Fundamental analysis is a major importance of investing, It looks at what causes price to move up or down. We will show you how to identify, analysis and understand different factors of the market including news analysis.
It’s one thing to draw up a plan, quite another to see it through. Particularly when you see a forex trade performing well or poorly, it can be tempting to run your profits or chase your losses.
We help you to design a practical trading plan to help you achieve your long-term goals. Your trading plan is the foundation of long-term profitability.
Learn to trade with our team of experts.