Cryptocurrency 

---

What is “Crypto” and why its so important? Think about this….Do you remember when society transitioned from mainly using cash to checks to debit cards? Now, people around the globe have cards in their wallets that are connected to their bank account. Seems simple, but at one time it was a brand new idea concerning money. There’s another HUGE transition happening that is changing the way that the world does business. The foundation of this shift is DIGITAL CURRENCY, also known as Cryptocurrency.

• What Is Crypto?
• What Is Bitcoin?
• What is Blockchain?
• Why is Crypto Popular?

<

>

Cryptocurrency is a form of payment that can be exchanged online for goods and services. For now, you’ll need to exchange real currency for the cryptocurrency to access the good or service. However, some companies have already started paying in cryptocurrency. It is expected that as time goes on, cryptocurrency will become just as common a currency as the fiat currency we currently use.
 
Cryptocurrencies work using a technology called blockchain. Blockchain is a decentralized technology spread across many computers that manages and records transactions. Part of the appeal of this technology is its security.
 
More than 6,700 different cryptocurrencies are traded publicly, according to CoinMarketCap.com, a market research website. The total value of all cryptocurrencies on Feb. 18, 2021, was more than $1.6 trillion, according to CoinMarketCap, and the total value of all bitcoins, the most popular digital currency, was pegged at about $969.6billion.

​Bitcoin (BTC) is the first, and world’s most popular, cryptocurrency. Bitcoin was invented in 2008. The currency began use in 2009 when its implementation was released as open-source software. Bitcoin operates using blockchain technology. It offers the promise of lower transaction fees than traditional online payment mechanisms and, unlike government-issued currencies, it is operated by a decentralized authority.  That means that unlike the U.S. Dollar, there is no central authority that manages and maintains the value of a cryptocurrency. 
 
There are no physical bitcoins, only balances kept on a public ledger that everyone has transparent access to. Bitcoin and all forms of cryptocurrency are digital coins only. All bitcoin transactions are verified by a massive amount of computing power. Bitcoins are not issued or backed by any banks or governments. The face that bitcoin technology is not backed or regulated by the government or banks adds to the appeal of the technology being decentralized.
 
Bitcoin’s popularity has triggered the launch of hundreds of other cryptocurrencies, known as “alt coins or alternative coins”. Some of the most popular alt coins include Ethereum (ETH) and Ripple (XRP). Bitcoin is now seen as a form of payment on many websites, including PayPal and Tesla.

Blockchain can be thought of as a collection of blocks that records transactions in code. Because all the computers running the blockchain has the same list of blocks and transactions and can transparently see these new blocks being filled with new bitcoin transactions, no one can cheat the system. This means if one block in one chain was changed, it would be immediately apparent it had been tampered with. If hackers wanted to corrupt a blockchain system, they would have to change every block in the chain, across all of the distributed versions of the chain.
 
​This transparency is part of what makes cryptocurrency appealing to investors.  While others invest because of the rapid potential for increase in price. Bitcoin became wildly popular when the value of the coin increased to nearly $20,000 per coin in December 2017. The price significantly decreased shortly therafter dropping down to nearly $3,000 per coin. However, Bitcoin’s value increased to more than $60,000 per coin in March 2021.

Cryptocurrencies appeal to their supporters for a variety of reasons. Here are some of the most popular:

Bitcoin and other cryptocurrencies do not have an infinite supply. That means that as more people obtain the coins, the supply will decrease. As a result, the value of the coins are expected to increase. Those accumulating Bitcoin now, are doing so expecting that the coins will significantly increase in value later.​

The idea behind decentralized currency, means that the process of possessing the coins and using them is completely separate from the central banking system, protecting it from inflation. 

Bitcoin and other cryptocurrencies are seen as more secure than traditional payment systems because of the decentralized processing and recording system.

Some investors like the rate at which the cryptocurrencies have the potential to increase in value. In addition to the eventual decreased supply and increased demand causing the price to increase, the value of the coins tends to increase with the “perceived value and popularity” of the coins. This means that a simple announcement from a celebrity, or influencer (i.e. Elon Musk) can cause the price to skyrocket overnight. The potential to gain so much on an investment in attractive to certain investors.

READY TO INVEST?

SIGN UP BELOW TO GET STARTED TODAY!

Forex

---

Forex or Foreign exchange (FX) is a global market based on the exchange of one currency for another. As the rates of each currency (US dollar, Japanese Yen, Euro, etc) changes, those that are trading in the market have the opportunity to make money as the value goes UP or DOWN.

The forex market isn’t new. It's a concept that has been around for centuries. It may seem new simply because more people now have access to this lucrative market. It used to only be accessible by big banks, major corporations, and multi-millionaires. Now, everyone can participate and benefit from this market.

• What Is Forex?
• Which Currencies?
• What are the Benefits?
• Why is Crypto Popular?

<

>

Forex or Foreign exchange (FX) is a global market based on the exchange of one currency for another. As the rates of each currency (US dollar, Japanese Yen, Euro, etc) changes, those that are trading in the market have the opportunity to make money as the value goes UP or DOWN. The forex market isn’t new.  Its a concept that has been around for centuries. It may seem new simply because more people now have access to this lucrative market. It used to only be accessible by big banks, major corporations, and multi-millionaires. Now, everyone can participate and benefit from this market. It's actually the largest, most traded market in the world. More than $5.1 trillion dollars flows through this market everyday. That’s one of the things that makes this market so appealing……a larger volume, means for more money-making opportunities. 
 
Trading forex involves the buying of one currency while selling another at the same time. As one currency is exchanged into another, the value of that currency goes up or down. Traders make money in this market by trading based on whether the expectation is for a currency to go in a certain direction. When the currency is expected to go up, traders will buy that currency. When a currency is expected to go down, traders will sell that particular currency.
 
If a trader is buying a currency, they have the opportunity to make more money as that currency goes higher and higher in value. If a trader is selling a currency, they have the opportunity to make more money as that currency goes lower and lower in price. This ability to profit, regardless to if a currency is gaining or losing value is another characteristic that makes this market attractive. Unlike traditional stock trading, if the value of a company goes down while the trader possesses shares of stock, they will lose money.

Forex currencies are put together in pairs for trading. Each currency pair is listed as a three-letter code. Usually the first two letters stand for the region or country and the last letter stands for the currency itself. For example, USD stand for United States Dollar, and JPY stands for Japanese yen. In forex, you will see the two currencies paired together like, USD/JPY. The first currency listed in the pair is called the Base currency. The second currency is the quote currency. In the example listed, the US dollar is the base currency and the Japanese yen is the quote currency.
 
When a trade order is placed, the order always follows the base pair. The opposite order is automatically placed for the quote currency. So if I am buying USDJPY, I am buying the US Dollar (base currency) and selling the Japanese Yen (quote currency) simultaneously with one trade execution in the market. 
 
This also means that if I am buying USDJPY, I am expecting the value of the USD to increase while I am expecting the value of the JPY to decrease.

The Ability to Go Long or Short
As stated before, with the forex market you have the ability to go long (buy) or short (sell) regardless if a particular currency is gaining or losing value. This means that you have the ability to make money no matter which way the market moves.

Forex Market is Open 24 hours Per Day
The overall forex market is actually comprised of several different markets around the world opening and closing at different times. Because these markets all overlap, the entire forex market stays open for 24 hours per day from Sunday evening (CST) continuously until Friday afternoon (CST). The market does close on the weekends.
​
However, unlike the stock market, more trading hours means for more opportunities to trade and make money. Although the entire market is open continuously, there are four major trading sessions each day. These sessions correlate to the opening hours of banks in London (London Session) , New York (New York Session), Sydney (Australian Session), and Tokyo (Asian Session). There is always a high volume of trading during these sessions, especially when these sessions overlap. As expected, the price fluctuations of the currency pairs that correlate to each session are much more volatile during that session than other times. For example, GBPUSD is going to have more volatile movements during the London session first, and secondly during the New York session. These are the times when the local banks trading those currencies are open for business and making major transactions.

Ability to trade from computer or phone
Digital access to the market gives you the flexibility to trade as an incorporated part of your lifestyle. No matter if you choose to be a long term trader (swing trader), and put in trades that are expected to profit after days or weeks or if you are a short term trader (scalper) that enters trades expected to profit in minutes to hours, you can trade from the electronic device of your choice.

The Forex market is not something that you have to learn or try to navigate on your own. Our educational platform will educate you on forex basics, intermediate, and advanced trading setups and strategies. In addition, we have proven tools that assist you in detecting market movements, to save you time, effort, and to help you trade with much more accuracy. We also have an entire system of educators, available to mentor you in the market live along with you or at your convenience through video library. Sign up below for access to our proven educational system.

Fill out the form below to start investing with Jewel Tankard!

get more info