For anyone who is doing trading whether it is Forex or cryptocurrencies, the updated and latest news and information is essential. Similarly, for those who have some stake in Ethereum should keep in mind that with the help of latest and updated Ethereum news they can make informed decisions. The portals providing the services should however be inquired for more information.
Needless to say Ethereum is not meant to be a platform to build esoteric smart contract applications that require a STEM degree to understand and for that reason according to some Ethereum news providers it aims to be one pillar of a different architecture for applications on the world wide web. Thus, there are greater implication and ramifications that expected.
Notwithstanding what this article is just trying to elucidate how this can be done. Also, there is a lot of information on understanding the fundamentals behind the phenomenon. Needless to say the Ethereum news items also give some basic examples on how to start building a decentralized app. Thus, there are various ways to know about this financial solution.
Why is Ethereum Becoming Popular?
Nonetheless, it must also be considered accurate to claim that there are professionals who can convert the skills into building apps for the Ethereum ecosystem which has fast become a popular option. Yee Kok Siong a forex investor believes that Ethereum news from around the world not just guide the stakeholders but also know where the solution is heading for.
Ethereum News to Educate People
As has been mentioned above Ethereum news lets people know about the public decentralized blockchain-based platform for ordinary people, they can learn where they fit into it as well. Needless to say featuring smart contract functionality, Ethereum provides a decentralized virtual machine, the Ethereum Virtual Machine (EVM).
The machine according to the latest Ethereum news can execute peer-to-peer contracts using a cryptocurrency called ether. Thus, it is pretty similar to Bitcoin in several ways; however, that is a different topic altogether to talk about.
The dollar is no longer the safe and stable currency it once was. Changes in the global economy and in other sectors of society have made it a less than optimal choice for investment. This in no means the dollar is finished. However, those concerned about their financial security planning who are looking for a solid and stable investment for their money should look to the other viable options.
The devaluation of the dollar has happened in many steps. Most of them have been tiny and now have added up to giant leaps. There have been, however, some major events that have taken chunks out of the dollar's value. One is when the government took the United States off the gold standard. This meant that gold was no longer backing up the dollar, simply the credit of the United States, the first step in a long road of the devaluation of the dollar.
Another event, or back to back events, are the various crashes, or big economic crash (which some see as many crashes in one) of 2008. The dollar was knocked down so low, that an actual change happened in many world markets. Investors began doing business in other currencies, when they had previously used the dollar. Now, this is becoming a hot topic in international financial markets, especially with the United States facing a multi trillion dollar shortfall.
Those seeking to be financially secure will do well to consider investing in those commodities that have stood the test of time and whose current prices keeps rising. Gold and silver are potential investments that have been around longer than the dollar and continue to rise in value year after year. This means they continually show returns, no matter what the dollar or any other fiat currency is experiencing. Facts like these makes the question of "should I buy gold or silver instead of investing in the dollar?" much easier.
In the end, economic investments in money and other politically controlled tools are highly unstable at times and ultimately put investors at the whim of any number of forces working towards currency devaluation. When these currencies have long gone or changed or have all been digitized, there still will be gold and silver and they still will be favorites of mankind and a key to being financially secure.
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The travel industry faces a lot of challenges at this time. Not only do you need to pay high fees for flight booking or hotel booking, but even the car hire can be quite expensive too. Finding an additional way to handle payments can be a very good idea, and that's where the need for digital currency comes into play. Yee Kok Siong a currency and forex trader observes that established digital currencies like Ethereum and Bitcoin are excellent for the travel industry, because they can provide a simpler, better way of handling payments, among many other benefits.
Eliminating the high fees
One of the major problems in the travel industry is that you encounter high fees when it comes to currency conversion and even flight booking or holiday insurance comes with its own set of fees too. Withdrawing money from a new country is also going to be quite problematic as you have to pay additional fees.
Thanks to digital currency, you get to leave all these problems in the dust. Bitcoin and Ethereum do a very good job at making the entire payment process simple, and the transactions don't come with any fees. So, you can get tremendous results without having to worry about paying any major fees.
Was it ever safe to enter a car hire or just walk on the street with lots of cash laying around? Absolutely not! That's why the travel industry needs to focus on digital currencies because customers have a much easier time paying everything digitally and avoiding the need to carry extra cash.
Payments are processed very fast
Another thing to note about digital currencies is that the payments are instant. You don't have to worry about waiting until a payment is processed. You can do a hotel booking or flight booking on the spot and the results can be amazing in the end.
Staying away from payment fraud
When you travel to a new country, you are automatically targeted by fraudulent persons. So, it's important to use digital currencies, as this is the best way to avoid fraud and the results are a lot better for you. No one will know your identity, let alone any credit card information or anything like that. You just have to access your digital/offline wallet for digital currencies and perform the purchase as you see fit. Even some holiday insurance options can be fraudulent, so take that into consideration!
Not having access to the bank you want
While you may work with a bank in your country, they aren't necessarily everywhere in the world. So you can run into the problem of having to work with your bank and not finding it in the country you are visiting right now. If you opt for digital currencies, the issue is solved because you don't have to use a bank anymore. You just handle everything on your own, and you also avoid paying any fees too.
The travel industry needs to integrate digital currencies as fast as possible because customers need security, reliability and fast payments.
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Currency has been defined as a circulating medium of exchange, used as an intermediary in trade, so to avoid the use of a barter system. The benefits and usefulness of currencies include; being a unit of account, or standard measurement of value. Other key factors include; durability, divisibility, ease of transportation and being fungible, or capable of mutual substitution.
True Money however, is defined as having all the attributes above, however with one major difference. Money is also a store of true value. Paper currency is actually designed to lose value while true money is designed both to hold and store value. Gold and silver meet these special requirements and have been true money for over 5,000 years, thus they will forever be in demand.
Fiat currency is not true or real money; it only has value because of government regulation or law. The word fiat is actually derived from the Latin word meaning 'let it be done'. Thus fiat money is actually established by government decrees. In America, no fiat currency has ever survived more that 40 years, since its start in America, during the days of the Continental Congress, before the Revolutionary War. America's current fiat system is the dollar system which started in 1971. It has now in-place over 41 years thus; now it's already overdue for failure.
Debasement of currencies is accomplished by nations. Through which, additional fiat money is created then added into the existing nation's money supply. Currency debasement is just another fancy word for money expansion. The end result of this expansion, through central bank efforts to debase currencies, always ends up with inflation. The more the paper currency is debased, the greater inflation upon the society becomes. This further drives up the real costs of goods and services, while lowering the purchasing power of the nation's currency in real-time.
How can an investor protect oneself from further monetary debasement and inflation? The answer is actually thousands of years old, own gold and silver. Both these monetary metals protect your assets from currency de-basement and because they are real stores of value. They can also protect you from the collapse of currency regardless if it comes from inflation, deflation or the destruction of the paper currency itself, through hyperinflation.
Holding these two precious metals in physical form outside the banking systems of the world, allows you ultimate freedom and complete control. These precious metals also become the best possible insurance for asset protection or hedging that money could ever buy. The biggest reason is due to the unique characteristics these precious metals hold. Always allowing for them to consistently seek their true value, regardless of any economic conditions
This piece of information is shared by Yee Kok Siong, an arbitrageur and an investor. Mr. Siong has done a fair amount of research, understanding the crypto world and technology behind it. A very new technology with almost 99.6% of World’s population ignorant or out of reach made Yee Kok Siong realize the kind of potential and opportunity this market holds and return that is available for the investors and trader.
Why are Forex trading signals important? After you are happy with your 'demo' account, you will want to start trading. However, the truth is that you would not have trained yourself properly in Forex trading. These services are offered by either brokers or professional traders or some market analysts through desktop or pager alerts, emails and SMS. They may provide additional automated alerts also, it is important to look at any extra features provided. You have to pay either a quarterly or monthly fee depending on the broker you choose. These fee may vary from one Forex signal service provider to another, however, they would range anywhere between $50 and $250.
It is always better to subscribe to these Forex trading signals as you need not spend time in monitoring the market for entry and exit points. However, it is also essential to analyze the track record of the Forex trading signal provider before subscribing, to ensure that the majority of the time, they were right, and the track record is reliable.
One of the main advantages of using Forex trading signals is that you need not worry about analyzing the market. This is taken care of the Forex trading signal providers. They also tell you the entry and exit point by monitoring and analyzing the market.
This is a paid service and in general, they offer Forex signal services to leading currency pairs like EUR/USD, GBP/USD, and USD/JPY. For some providers, you may have to pay an additional fee to get signal services for other currencies or pairs that are not used often or in other words, rare. Few providers will also provide you with the charts that they use for taking these market decisions.
Even though, Forex trading signals help you in minimizing risks or losses in Forex trading, it is vital that you have self-confidence that you can do good trading and can gain profits. Never do trading when you feel insecure.
Yee Kok Siong a forex trader recommends subscribing to these Forex trading signal services at least till you have gained confidence in trading or if you do not have the time to monitor and analyze the market. It can help you develop your trading strategy as you observe how another, successful trader operates.