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Cryptocurrency & Forex trading community for trading and investing in digital assets. Connect with like-minded individuals, stay updated on market trends, and explore new investment opportunities.
What are the key terminologies i need to know as a beginner in forex trading?
In forex trading, some simple terms to know are: * Pip: The smallest price change. * Spread: The difference between the buy and sell price. * Leverage: Borrowing money to trade with more than you have. * Lot: The size of your trade. * Stop-Loss: An order to limit losses. * Take-Profit: An order to lRead more
In forex trading, some simple terms to know are:
* Pip: The smallest price change.
* Spread: The difference between the buy and sell price.
* Leverage: Borrowing money to trade with more than you have.
* Lot: The size of your trade.
* Stop-Loss: An order to limit losses.
* Take-Profit: An order to lock in profits.
* Margin: The money needed to open a trade.
* Bid/Ask: The price to buy and sell.
These are the basics that will help you start trading.
See lessWhat Is Gas Fees In Crypto currency?
Gas fee is actually a very little money that will be whenever we make a transaction related to cryptocurrencies. It is a means of paying the exchangers for the traffic and transaction that goes on in their platform because we all know that the carry out exchange is or transactions like this you needRead more
Gas fee is actually a very little money that will be whenever we make a transaction related to cryptocurrencies.
It is a means of paying the exchangers for the traffic and transaction that goes on in their platform because we all know that the carry out exchange is or transactions like this you need a very huge computer base and data base which means you will need electricity for powering their computers that is being used for these transactions.
It also depends on the blockchain because some are quite higher than some
See lessWhich is the best centralized crypto exchange?
Personally for me I I prefer bybit and the reason why I go for it always is because they have a very well structured P2P platform which enables you to buy usdt from your local currency and start trading once or buy any token you want. After that I will go for binance but I think binance is soRead more
Personally for me I I prefer bybit and the reason why I go for it always is because they have a very well structured P2P platform which enables you to buy usdt from your local currency and start trading once or buy any token you want.
After that I will go for binance but I think binance is somehow to complicated and not for newbies because they have a lot of policies that are not favorable at all
See lessThe pros and cons of going into full tike cryptocurrency
Going full-time into cryptocurrency has both good and bad sides. On the bright side, you can make a lot of money, especially by trading or investing in things like staking or DeFi. The market is open all the time, so you have more chances to earn. Plus, it can give you more freedom than a regular joRead more
Going full-time into cryptocurrency has both good and bad sides. On the bright side, you can make a lot of money, especially by trading or investing in things like staking or DeFi. The market is open all the time, so you have more chances to earn. Plus, it can give you more freedom than a regular job. But, the downside is that crypto prices are very unstable, so you could lose a lot of money quickly. Also, since crypto isn’t heavily regulated, there are more risks of scams. If you’re thinking of going full-time, you’ll need to understand the market, have a plan to manage risk, and some savings to fall back on. It’s a risky choice, but it can pay off if you handle it well.
See lessHow can I earn from Crypto
There are several ways to earn from crypto, but they all require some research and a tolerance for risk. Trading is one of the most direct methods buying low and selling high but it requires market knowledge and good timing. Staking is another option, where you lock your crypto in a wallet or platfoRead more
There are several ways to earn from crypto, but they all require some research and a tolerance for risk. Trading is one of the most direct methods buying low and selling high but it requires market knowledge and good timing. Staking is another option, where you lock your crypto in a wallet or platform to earn rewards over time. If you’re willing to hold for the long term, Holding certain assets might be a good strategy. You can also explore DeFi platforms for lending or yield farming, which offer potential returns. Just remember, the crypto market is volatile, so only invest what you can afford to lose.
See lessIs Ton blockchain still strong and relevant??
Yes, TON (The Open Network) remains strong and relevant. Originally developed by the team behind Telegram, it has evolved and improved over time. With its scalability, fast transactions, and low fees, TON is a strong contender for decentralized apps (dApps) and services. Its active community and conRead more
Yes, TON (The Open Network) remains strong and relevant. Originally developed by the team behind Telegram, it has evolved and improved over time. With its scalability, fast transactions, and low fees, TON is a strong contender for decentralized apps (dApps) and services. Its active community and consistent development contribute to its staying power. Additionally, its growing use in NFTs and DeFi projects highlights its increasing relevance. However, it still faces stiff competition from other major blockchains, so its future will depend on continued innovation and adoption.
See lessWhy is Binance not working with Nigerian banks again?
You know why Binance is no dey work with Nigerian banks? Na both regulatory pressure and trust issues. Back in 2021, CBN banned banks from handling crypto exchanges—so banks dey avoid Binance transactions just to stay safe. That ban was supposedly lifted in December 2023, but the regulatory tensionRead more
You know why Binance is no dey work with Nigerian banks? Na both regulatory pressure and trust issues. Back in 2021, CBN banned banks from handling crypto exchanges—so banks dey avoid Binance transactions just to stay safe. That ban was supposedly lifted in December 2023, but the regulatory tension never went away. In early 2024, the very security authorities blocked Binance’s website and P2P transfers, blaming it for messing up the naira rate and forex stability. Not long after, Binance stopped accepting naira deposits or withdrawals and started converting users’ Naira balances into USDT. So even if CBN made a U-turn with the VASP license, Binance still can’t fully work with local banks because of ongoing legal drama and trust gaps. Nigerian users now mostly use peer exchanges, crypto bridges, or foreign accounts to access services.
See lessWhich crypto wallet is safest for Nigerians?
If you're wondering which crypto wallet is safest for Nigerians, here’s the real tea: hardware wallets like Ledger Nano S Plus or Ledger Nano X are top-tier secure because your keys are offline and away from online hackers. Those gadgets can cost a bit, but they’re worth every naira if you’re holdinRead more
If you’re wondering which crypto wallet is safest for Nigerians, here’s the real tea: hardware wallets like Ledger Nano S Plus or Ledger Nano X are top-tier secure because your keys are offline and away from online hackers. Those gadgets can cost a bit, but they’re worth every naira if you’re holding serious crypto. If you just play small, Trust Wallet is popular—it’s non-custodial, clean, supports many coins, and lets you dive into DeFi or NFTs as you grow.
See lessHow To Manage Risk as a Crypto Trader?
Cryptocurrency is all about risks and it's management. There is a lot of risks attached to crypto and anything that has to do with that. So the best way to manage your life and be able to do everything efficiently is by first understanding that the whole thing called cryptocurrency is a game of riskRead more
Cryptocurrency is all about risks and it’s management. There is a lot of risks attached to crypto and anything that has to do with that. So the best way to manage your life and be able to do everything efficiently is by first understanding that the whole thing called cryptocurrency is a game of risks
And also the fact that there are losses attached and one must be ready to also handle and manage those loses efficiently
See lessIs It Possible To Avoid Losses in Crypto Trading?
Trading crypto without loss is practically and literally possible but it requires a lot of dedication and 100% luck. Chat GPT one told me that doing that is like playing 20 penalties without missing which is actually possible but it's very rare and difficult. You have to be very careful and aRead more
Trading crypto without loss is practically and literally possible but it requires a lot of dedication and 100% luck.
Chat GPT one told me that doing that is like playing 20 penalties without missing which is actually possible but it’s very rare and difficult.
You have to be very careful and also trade with less emotions if you want to make things possible.
See less