So what is Forex?
In the simplest terms, its exchanging one currency for another so if I leave one country and go to another, I must use their currency so I have to exchange mine for theirs. When this happens, supply and demand of that currency changes literally every second of the day! Because of this, you can actually make money from it! Luckily, you don’t have to fly from one country to another in order to make money. Instead, you can make money right from your phone, which is awesome! Forex is literally the largest financial market in the world, and as stated before, it does over 5 TRILLION dollars a day💰 in business buying and selling currencies, its a global market, operates 24 hours a day 5 days a week and 6 days a week with crypto, and can be traded from any smart phone device or computer!🤗
This same strategy are the one that give some forex trader an idea of creating stock exchange, digital exchange
When you login to any digital broker or stock broker you will use your paper to fund the broker and the broker will just write some serial number worth of your paper money in your dashboard
Stock and digital exchange are buying and selling gold, diamond, silver,oil,Facebook, gas,yahoo, iTunes, Google....
What also funny with them is that you can buy Facebook when the price of Facebook drop and sell it back to the same broker when the price of Facebook rise
You will do same thing for yahoo Google, itunes and many more
You can buy them online and sell them online but they will never send physical Facebook or Google or physical iTunes to you
You can buy Facebook, Google, diamond, gold online without seeing them physically
By the same way you can login to your stock broker then buy gold ,diamond or silver or electricity when the price drop and you will sell it to the same broker when the price rise up but they will never send a physical gold or diamond or silver to you
These broker have been existing since 20-10 years now without any issues
You can buy ETH and sell ETH online, they can send the serial number of your money worth of ETH online but they can't never send the physical ETH for you offline
That is the same way satoshi created BITCOIN and with BITCOIN you can buy it with your paper money and satoshi with write the amount of BITCOIN in your dashboard but he will never send you the physical BITCOIN
Beside of this some stock broker owner and digital broker owner call themselves and did some meeting about to Crypto broker
We they finally dit it because they have used the same idea of forex, stock and digital broker
Right now we are trading in Crypto broker since 5-3 years now without any issues
Some of our guru forex trader , stock trader or digital trader quit forex and fall in love with Crypto trading because Crypto broker have most higher percentage profit
After that all forex broker exchange welcome Crypto to the trading world and listed Crypto to all forex broker
80% of forex broker have listed Crypto trading nowadays
That mean even the government is investing in Crypto trading already because government have large investment in forex trading
In Nigeria last year our government invested 230 million dollars in forex trading and most forex broker are trading Crypto right now that mean our government have invested in Crypto also
Then, I like to run you to this fundamentals... What is crypto currency itself....? Understanding this is primary to how you do well in the crypto space.
Crypto currency, in a layman language, is a technology that introduces another form of payment/money as different from Fiat (paper curreny).
There were days when to buy things, people engaged in what we know as trade by batter. You give me yam I give you potatoes if that's what I need. And things like that
Gradually, with the advent of time, paper money came into play where we have the naira notes, dollars, yuan, pounds etc. But now, another revolution is on the display in the word system of exchange which Block chain Technology.
Note this: Some people may argue it, they may say his and that as to oppose Bitcoin and all it's operations. They day things like Bitcoin will soon crash and others....
Listen to me friends, We have been "crashing" since about 9 years now and it's only getting better by the day. Challenging times come, but we have seen enough to give credit to Bitcoin and what it stands for...
Guys I will no talk too much but I will tell you that all offline trading will also get their broker soon because if we can trade Facebook online then buy it and sell it without sending physical Facebook to us, if we can buy and sell gold or diamond online without sending physical gold or diamond to us if we buy and sell euro or pounds or dollars online without sending physical euro or pounds or dollars to us and if we can buy and sell BITCOIN or litecoin without sending physical btc or ltc to us then some unisex boutique or dangote will have his broker soon and you can buy any of his product online when the price drop and sell it online too when the price rise just to gain as usual trading
Jiji will have his broker soon and you can buy and sell any jiji product online without sending the physical product to you just to gain as usual trading
Our mothers will also get their own broker to sell online food soon because online trading is more profitable than offline trading
Guys as you all know that Crypto trading becoming more famous every day
Our senator said Crypto is scam and our government invest in Crypto then we are becoming trusted scammer 😜
Exchange: This is the platform where trading takes place. Where you come to buy and sell
Bitcoin is the "major" currency you need to start trading. To buy and sell. So there is need to fund your exchange wallet with Bitcoin. To start with...
I will be using one of the exchanges to explain the process of buying and selling tonight...
Let's take binance as a case study...
How do I buy and sell on binace:
Not difficult... See the picture am sending below...
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