Finance

Are Cryptocurrencies Safe to Invest In?

May 24, 2019

One of the hottest topics of 2018 was the fact that cryptocurrencies were starting to make a lot of headway and were becoming a lot more valuable than they used to be. However, in 2019 for some reason a lot of the headline making news about these types of currencies started to become quite rare, and this has led to a lot of people starting to think that cryptocurrencies were never a good investment to begin with and that investing now would be the worst possible thing for you to do all in all.

It’s very important for you to realize that this is not true at all. The reason that cryptocurrencies made headlines last year was because of the fact that the value of bitcoin suddenly shot up exponentially which lead to a lot of people becoming rich very fast. However, whenever the value rose, shortly thereafter it fell just as drastically which meant that at that point you could buy bitcoin and potentially see the value of your investment become a lot higher than what it was when you made your initial purchase.

The reason that cyrptocurrencies aren’t in the news anymore is because of the fact that the prices have stabilized, and you can probably already tell that this is a very good thing because it means that the currencies can now be used for regular transactions. Even though you could earn a profit before, now you can actually trade in the currency and it has become a lot more legitimate than it used to be. The more people use cryptocurrency, the more valuable it will become. Sites like https://8bitsumo.com/cryptocurrencies/ can shed some more light on cryptocurrencies and the various benefits they can provide.

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Finance

The Benefits of Having a Forex Journal

March 29, 2019

As a forex trader, the one thing I do very occasionally keeps a journal, and make sure that it stays up to date. This is something that most people do not pay attention to, and therefore, do not do it. This can be an issue in many cases, especially when you are trading on a regular basis, and there are a lot of entries that you need to keep a track of.

Of course, the best thing to do is to keep a journal, and you can see it here as well. The thing about these journals is that most people do not know the benefits of them, at all. That is why they stop themselves from keeping a journal because to them, it’s just an excessive thing to carry.

We are going to talk about the main benefits of carrying a journal and talk about why it happens to be so useful.

Helps You Record Everything

Forex trading is not risky, but sometimes, discrepancies can occur. This means that if you make transactions that you were not supposed to. You could potentially lose money. In order to make sure that you do not make any bad deals or anything along those lines, investing in a good journal, and keeping it up to date is a good idea.

Helps You Remember Easily

Another thing here is that keeping a journal helps you remember your transactions a lot easier. Sure, you might not have the need for that at all, but there are times when you want to look at the transactions you have made, and in situations like that, it is good to have a journal because at least you have that transaction noted down.

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