The Foreign Exchange market, also called FOREX or FX, is the global currency trading market. With a daily volume of more than $5.3 trillion, it is the biggest and most exciting financial market in the world. Whether you sell EUR 100 to buy US dollars at the airport or a bank exchanges 100 million US dollars for Japanese yen with another bank, both of these are FOREX deals. The players on the FOREX market range from huge financial organizations, managing billions, to individuals trading a few hundred dollars.
Thanks to the internet you can trade on the FOREX market in the same way as traders from the largest banks and investment funds. All you need to get started is a computer with internet access and a trading account with a FOREX broker.
VM now offers all traders the opportunity to trade a wide range of the top ranked digital coins 24/7*. Today cryptocurrencies have become known to most people as a conventional and popular investment option. The main purpose of this new technology is to allow people to buy, trade, and invest without the need for banks or any other financial institution. Cryptocurrencies are highly volatile and can be profitable to any trader’s portfolio.
This mega-powerful currency has not only opened the gate for other currencies, but also leads the cryptocurrency world with pride. It is governed to make sure no extra Bitcoin is produced, as a maximum quantity of 21 Million Bitcoin unites was agreed. When introduced, the price of $1 was 1,309 BTC. The wheel has turned, however, and when Bitcoin breached the $2,000 barrier in 2017, meaning 1 BTC was worth $2,000, it was certainly a meaningful milestone to Satoshi Nakamoto, the creator of Bitcoin.
Ethereum is more than just a currency – it’s like one giant computer housing many computers around the globe. Ethereum can respond to sophisticated requests. Its ability to store revolutionary computer programs gives Ethereum an edge on Bitcoin and has attracted attention from banks around the world. This, among other factors, has led to a jump of almost 1000% this year!
Ripple can be described as the next generation of payment networks. Originally set up to engage financial industry leaders, the digital currency has been a leading technology so far. This cryptocurrency has exploded over the past few weeks, when in just one day Ripple advanced by 71%
The very popular cryptocurrency, Dash, has been portrayed by many as Bitcoin 2.0. This digital asset was developed to remedy some of the weaker parts of Bitcoin. Developers added new features to Dash, making it faster and more anonymous to its predecessor Bitcoin. Over the past two weeks, Dash has increased in value by over 100%!
Litecoin is similar to Bitcoin in many of its characteristics, and is also one of the more veteran cryptocurrencies out there. However, there are two main differences between Litecoin and Bitcoin; Speed and amount. While it takes 10 minutes to create a Bitcoin block, Litecoin demands roughly 2.5 minutes to create a block – meaning 4 times the speed. Moreover, Litecoin attracts many users as it can produce 4 times the quantity of Bitcoin! However, as Litecoin uses highly complex cryptography, often mining it is more complicated than other cryptocurrencies.