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The name cryptocurrency is a combination of cryptography and currency. With cryptography, we use advanced math to secure our funds, making sure that nobody else can spend them.
A cryptocurrency is just like a digital form of cash. You can use it to pay friends for your share of the restaurant tab, buy that new pair of socks you've been eyeing up, or book flights and hotels for your next holiday. Because cryptocurrency is digital, it can also be sent to friends and family anywhere in the world.
Blockchain is a system of recording information in a manner which makes it difficult or impossible to modify, hack or cheat the system. A blockchain is just a database. It isn't a particularly sophisticated one, either - you could create it in a spreadsheet with minimal effort. It is a decentralized public ledger that helps in recording all transactions throughout multiple computers.
Blockchain is the future of the internet. Because there is no single source of ownership for the data in a blockchain. Anyone can contribute to a blockchain, and anyone can read from it. Anyone can participate in the distribution of a blockchain. It encourages trust in data and its source by making all transactions transparent and data verifiable.
Stocks are shares in the ownership of a company, or investments on which a fixed amount of interest will be paid. Companies issue them on the stock market to raise money, and investors purchase and sell them based on their potential to increase their value or pay dividends.
If you're looking to increase your net worth, investing in the stock market is a great way to achieve that dream. However, it is possible to lose (rather than gain) wealth through the stock market. It’s essential to have a strategy in place and to invest in suitable securities at the right time.
The Foreign Exchange commonly referred to as the Forex or FX, is the global marketplace for the exchange of currencies. As such, it determines the value of one currency against another in the real world. Forex prices determine the amount of money a traveler gets when exchanging one currency for another.
Forex prices also influence global trade, as companies buying or selling across borders must take currency fluctuations into account when determining their costs. Inevitably, the forex has an impact on consumer prices, as global exchange rates increase or lower the prices of imported components.
Forex trading can be complex and not suited to everybody. There are many choices of forex trading platforms, including some that cater to beginners. The entry costs are low and the marketplace is open around the clock that you can trade anytime.
Currency trading is a fast-moving, volatile arena. It's risky business and can be made riskier by the use of leverage to increase the size of bets. It's an easy way to lose money fast. Anyone willing to jump into the Forex should get the necessary training in advance, and start slowly with a minimal stake.
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