Bitcoin’s Big Drop Again Coincides With Dollar Bounce in Forex Markets

Online Forex trading has become very popular in recent years. It is a very attractive market for traders because it offers several advantages. Since the Forex Markets never sleeps, trading goes on all around the world during different countries' business hours, meaning that trading is always available. Forex has also become one attractive investment for Bitcoin holders, and many of them are now starting to trade in Forex Markets. Because forex is a $5.3 trillion-a-day market, with most trading concentrated in only a few currencies, there are always a lot of people trading. There are a lot....

Bitcoin has undergone a strong drop since the highs of $19,500 seen last week A historically accurate analyst says that further losses are likely for the cryptocurrency The analyst shared a chart showing that Bitcoin is likely in the midst of trading in a dead cat bounce prior to further losses He cited the Elliot Wave form of technical analysis, which predicts that markets move in predictable waves. Bitcoin Could Drop Toward $15,000 Bitcoin has […]

Forex trading instructor for DailyFX and ex-JPMorgan Chase forex trader, Tyler Yell, recently explained why Bitcoin should be taken seriously. Yell made the case that in times of market duress, including a period of economic collapse, Bitcoin acts like digital gold. DailyFx is the research website of Forex Capital Markets (FXCM), an online Foreign....

According to a report, the value of annual dollar remittances by Nigerians working abroad has surged to $34 billion, a figure that easily surpasses the previous record-high of $25 billion. Still, a large portion of the funds doesn’t seem to be entering domestic forex markets. Target Attained Two Years Ahead of Schedule The increase, which has been attributed to the Central Bank of Nigeria (CBN)’s “naira for dollar” incentive scheme, once again highlights the growing importance of diaspora remittances to Africa’s most populated country. As Biodun Adedipe,....

Forex is a very attractive way of investing and having some returns. Nowadays, the Forex Markets have been attracting many Bitcoin traders. Since the Forex Market has an enormous liquidity and it is practically non-stop, it enables traders to maintain their activity 24 hours per day. However, trading Forex is still a somewhat complex activity and as so, traders always try to find the most trusted and easiest way for trading Forex. Trade24 is a Forex Broker that offers total simplicity when trading Forex. Besides Forex, Trade24 also offers customers access to commodity and stock trading in....