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Ways To Become A Successful Trader

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If you want to start trading then you can trade in Forex market where you will find some great trading opportunities and you can take advantage from it if you know how to play the game in this market. At an early stage of trading almost all traders thinks that trading is all about setting up chart and entry and exit points. But if you want to be professional in this industry you must need to have knowledge about trading strategies, money management and should have control over your emotions. Now we are going to talk about a few tip which going to help you to stay alive in the trading game.

Study the Forex market

Having a sound knowledge about Forex trading is must if you want make a living from it. Traders need to know how this market works, the different currency pairs, how they behave, support and resistance and bid-ask price. There is also some complicated concepts like pips, spreads, leverage, slippage, commission etc. about which you need know clearly and able to calculate it without any confusion. You can analyze this market both technically and fundamentally, so you have to learn how to do them. There are lots of financial news publishes every day and a trader must need to understand those announcement and able to find out how the market can react to that news.

Choose a Safe Broker

When you are thinking about investing real currency in Forex market then at first you must need to choose a safe broker which going to give you a nice platform to trade along with some important tools which going to help you with finding good entry points. A good trader also gives you opportunities to learn more about trading and also gives you safety of your invested money along with fast trade execution, tighter spread and minimum slippage. So after studying Forex trading a trader should look for best online options trading account which will fit with their trading style. Once you find it, you can invest money in it and start his trading career.

Trading plan

Before starting to trade a trader need to make solid trading plan and act accordingly. The plan should be written in a paper with his money management rules and risk management rules and also what will be the reasons for opening a position. He must need to make a strategy and before implementing it in real market he needs to give it a try in a demo account. If it works perfectly only then you can implement this strategy in live account. We suggest a trader should practice his strategy in demo account at least for 1 year before entering the real market. You should make your strategy accordingly your trading style and your preferable timeframe. 

Consider it Like a Business

Traders should not consider trading as a job but as a business. Like any other business, traders face lots of ups and downs. So a trader should always have to be eager to learn and grow through his trading career. Always keep in mind that when you fail at something and you learn the reason behind that failure so that you will surely never repeat that mistake again. So the key to success of your trading career will be learning from your mistakes rather them just learning from different articles and trading books. 

In any business you have to take risk for making profit and you should have to follow some risk management rule so that you can keep your business alive. In trading it almost same and because of this a trader should fix his risk reward ration and always use stop loss whenever you open a position. Never risk more than 1%-2% of your trading capital no matter how appealing the situation is. 

 Trading can be considered as a money making machine, if you are smart enough. These are the few tips for becoming a successful trader and we hope our tips help you in your trading career.

Image by Free-Photos from Pixabay

Ethereum

How can Ethereum casino improve the online gambling industry?

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Ethereum Casino

The undisputed king of the cryptocurrency industry is Bitcoin for the moment. This is an undeniable fact, maybe because it was the first and has been around for more than 10 years. But coming in a close second place is the Ethereum that has also been around for quite some time now. When it first emerged, ETH brought some major improvements to the table, most notably even faster speeds of transactions and the smart contract technology. From the get go, crypto casinos noticed the potential of Ethereum and that’s how the first ETH Casinos started to emerge. Since then Ethereum Casinos started going full throttle towards the progress of the gambling industry, bringing with themselves a ton of massive improvements that are truly revolutionizing the casino world.

The speed of Ethereum Casino

The first thing that everyone in the casino world notices is the incredible speed of the ETH Casinos. This is due to the fact that Ethereum uses smart contact technology that allows players to deal directly with the casino. This cuts down the time significantly and all processes are completed within a matter of minutes. For example, the classic online casinos take days to finalize the transactions, because they wait for 3-rd party organizations like banks. In case of Ethereum Casino, the deal happens directly, which translates into transfers that are made almost momentarily.

Security and Anonymity of Ethereum…

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Bitcoin

Is Bitcoin Esport Betting the next big thing in BTC Casinos?

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Bitcoin Casinos

Ever since the creation of the first sport games, people started enjoying the betting process. As the sports grew more popular around the world, so did the betting community and other than the physical betting shops, online sportsbooks have also started to emerge. Around 5 years ago the crypto gambling industry also made strides to join the fun and Bitcoin Casino started pouring its resources into providing proper sportsbook experience for their communities of players. For several years the things were steady and the concept of Bitcoin Betting was growing exponentially. Although recent events have significantly halted the progress of sports and betting, the new alternative started gaining traction in the gambling world, and that alternative was the Esport Betting. 

How did Esport Betting become so popular?

The beginning of 2020 was unprecedented for the history of mankind and all the global business, including the gambling industry. In the month of March, most of the sports stopped because of the ongoing global Covid-19 pandemic and betting services witnessed huge losses. That’s where the Bitcoin Casino industry found a viable alternative in the virtual sport segment. Because of that, Esport Betting has become increasingly more popular and the biggest BTC Casinos started providing a huge selection of tournaments in their sportsbook section.

How to participate in Esport Betting?

Esport Betting is basically the same process as the usual sports betting.…

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New Vision From Richwork: Kenaf Meets Blockchain

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“Kenaf, one of the world’s largest fiber plants. It meets with BlockChain technology to solve the environmental and energy problems facing humanity.”

Let’s listen to Richwork presenting a new vision.

BlockChain technology is in full swing these days. Various projects are being tried and the scope has been expanded. Therefore, attempts to apply BlockChain to the agricultural sector are also continuing. Among them, a new attempt to solve the issues of energy and environment conservation facing mankind by combining KENAF, one of the world’s four largest fiber crops, with Blockchain technology is drawing a lot of attention. 

Kenaf, the basis of the VKenaf Chain, is a first-year herbaceous plant native to West Africa. It possesses various characteristics that are not found in common plants, and is evaluated as one of the world’s four largest fiber crops. It is produced as about 25,000 products which are used in various fields of daily life and industries such as pellets, pulp and bio energy. Moreover, it has high productivity as it grows fast enough to be harvested three times a year, and is also eco-friendly with its ability to absorb a large amount of carbon dioxide.

However, as most agricultural fields have done so far, the history problems such as an opaque supply system and product quality assurance are an obstacle to industrial development.

There is a company that has ambitiously jumped into this agricultural sector…

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