Forex and Crypto: The Ultimate Guide to Trading Forex and Cryptos. How to Make Money Online By Trading Forex and Cryptos in 2020.

Forex and Crypto:

The Ultimate Guide to Trading Forex and Cryptos. How to Make Money Online By Trading Forex and Cryptos in 2020.

David Uchiha

TABLE OF CONTENTS

Introduction

Chapter 1 Introduction To Forex And Cryptocurrency Trading

Types of FOREX Markets

The Spot Market

The Futures Market

The Forward Market

Forex and Cryptocurrency

Top Cryptocurrencies

Basic Forex Terminology

Chapter 2 Fundamentals Of Cryptocurrency And The Blockchain

What Is the Blockchain?

The Verification Process

Coin Creation and Offering

The History of the Blockchain

How Blockchain Changed Digital Money and Transactions

Private Vs. Public Blockchains

Chapter 3 Cryptocurrency Regulations

The Decentralizing of Money

The Ban on Cryptos

State-Backed Cryptocurrencies

The Future of Digital Currency

Chapter 4 Trading Cryptocurrencies

Why Is Bitcoin So Expensive?

How Is Trading Cryptocurrency Different From Regular Forex Trading?

The Best Cryptocurrencies to Trade

Trends of Cryptocurrencies

Getting Into Cryptocurrencies

Chapter 5 Analysis Of Crypto Trades

Setting Up Indicators

How to Analyze the Market

Trend in Price Action

Ranges or Bands in Price

Significant Levels: Resistance and Support

Chapter 6 Developing Trading Algorithms

Developing or Fine-Tuning a Strategy

Making Use of Trendlines

Acceleration of Trend

Graphical Analysis

Reversal Pattern

Head and Shoulders Pattern

Triple Top and Triple Bottom

Chapter 7 Risk Management

The Role of Brokers

No Brokers for Crypto

Cryptocurrency Wallet

Wallet Security

Wallet Hacks

Exchange Hacks

Preventing Hacks

Chapter 8 Fundamental Computer Analysis

Indicators for Coin Analysis

Ichimoku Cloud

Oscillators

Alligators

Japanese Candlestick Patterns

The Spinning Top

The Marubozu Candlestick

The Doji Candlesticks

Cryptocurrency Market Regulations

Crypto Regulation

Crypto Deregulation

Chapter 9 Cryptotrading Psychology

The Typical Cryptotrading Mindset

The Successful Cryptotrading Mindset

Chapter 10 Glossary Of Basic Cryptocurrency Terms

Conclusion

Introduction

Welcome to Forex and Cryptocurrency The Ultimate Guide to Trading Forex and Cryptos. How to Make Money Online By Trading Forex and Cryptos in 2020. If you are reading this, you will find a trove of information that will help you to make sound investment decisions in the world of FOREX and cryptocurrencies.

This book is intended for all newcomers to both the world of FOREX and cryptos.

We will be discussing the fundamentals of both of these markets in great detail. The main objective is to provide you with an education in this subject so that you can make sound investment decisions leading you to maximize your profits and obtain the best possible returns for your investment dollars.

Unlike the stock market, the FOREX and cryptos markets are open 24 hours a day. This means that you can trade any time you wish. This opens up a number of interesting possibilities as you can invest in both FOREX and cryptos without having to quit your day job or significantly alter your regular routine. In fact, all you need to do is make sure that you have the right setup to get started.

That’s why we’re here... we’re here because we want to give you a head start that we wish we could have had when starting out investing. You see, most investors become successful through trial and error. Many times, you have to lose a great deal of money before you can become rich. Unfortunately, some investors lose their shirts before they can make serious money.

That doesn’t have to be your case. With the education you will get in this book, you’ll be able to make money without having to lose your shirt in the process. If anything, you’ll have to become a student of these markets. After all, all successful investors dedicate time and attention to the study of their chosen market. Such investors strive to learn as much as they can. In doing so, they are able to maximize their returns without having to sacrifice their capital in the process.

If you are brand new to investing, don’t worry. We have you covered. You don’t need an advanced degree in finance to cash in on the markets. All you need is the willingness to put in the time and effort needed to learn the way the FOREX and crypto markets work. Once you get started, you’ll see that these markets are not quite as complex as you might have thought. Sure, they do have their intricacies. But then again, with the education you can expect here, you won’t be second-guessing.

So, let’s get started on the journey that will lead you to become financially independent. At the end of the day, that’s what all great investors seek. They are all after making as much money as they can so that their families are provided for. In addition, making money isn’t so much a question of greed; it’s a question of earning enough money to ensure security. This kind of security comes by way of financial independence.

Let’s get on with it!

Chapter 1

Introduction To Forex And Cryptocurrency Trading

FOREX and cryptocurrencies (also known as cryptos) are financial markets in which investors come together to make deals for the purpose of earning a profit. This is important to note as investors are not in it to lose money. They are in it to make as much money as possible. Naturally, there are winners and losers. Nevertheless, all investors try to be on the winning end as much as possible.

On the whole, most folks tend to become confused by the various types of financial markets. For instance, stocks are an entirely different market. There are also bonds, commodities, and derivatives. All of these markets have their characteristics. If you are keen on learning about them, by all means, take the time to do the research you need.

As for the FOREX market, you will find that it is the most dynamic of all financial markets. The reason for this is that FOREX is the most liquid market in the world. Since you are essentially trading currency, you are swapping money for money. This is something that you can do right from the comfort of your home. Best of all, FOREX is a 24-hour market as you are trading currency from all over the world. In short, you can trade anytime and anywhere.

This is why FOREX is so attractive to investors around the world.

However, FOREX is not for the faint of heart. FOREX requires you to pay close attention to the dynamics of the market itself. This means that you need to study what’s happening so that you can be ready for any changes which may emerge. You can profit greatly from these changes, or you can sustain significant losses. It’s all in the way you manage the situation unfolding around you.

Types of FOREX Markets

Considering that the FOREX market is essentially a marketplace in which currency is bought and sold, it behaves just like any other market. This implies that the great equalizer of the FOREX market is price. The difference here lies in the fact that price does not reflect the valuation of a commodity such as a car, a house, or a pair of jeans. In this case, price is the reflection of the valuation of one currency versus another. What this means is that you understand the value of one currency as it is expressed in terms of another.

The same situation occurs with any other commodity on the planet. The difference lies in the fact that it’s easier to grasp the concept of a pair of jeans costing X amount of dollars as opposed to one Euro costing X amount of dollars.

With that in mind, FOREX is all about finding the mechanisms in which you can take one sum of money, exchanging it for another, and then exchanging that currency back into the original currency, for a profit, of course. This is the basic mechanism that you can use to conduct FOREX trades.

Just like other financial markets, there are several types of markets within the FOREX domain. So, we’re going to be taking a look at what they are their characteristics.

The Spot Market

This type of market receives its name as it deals with the trade of currency at current prices. The current price of a currency is reflected by its exchange rate. In essence, an exchange rate is the ratio of one currency in terms of another.

When you travel, you commonly see exchange rates at airports. For instance, if you exchange US Dollars into Mexican Pesos, you might find that you’ll get twenty-some Pesos for one US Dollar. This is an exchange rate. It is the price that a person is willing to pay or receive for another currency.

Also, you’ll find the term cross rates. While exchange and cross rates tend to be used synonymously, the difference lies in that exchange rates are used for the purpose of converting currency. The term cross rate is generally used as a reference regarding the valuation of one currency in terms of another. Additionally, you’ll also find that leading currencies are quoted in terms of various currencies. This serves as a reference for investors who deal in international business.

As such, the spot market is where you buy and sell currency at current market prices. Market prices are set by supply and demand. These market forces converge as holders of currency look to sell while buyers look to find supply. In a perfect equilibrium, that