Payswitch Hub is a trading platform that makes it easy for you
to start your career as a trader. You can start practicing on a demo account, and
then continue trading with real funds. Our graphical tools and convenient technical
analysis indicators help you make trading decisions.
Your success depends on your skills and patience, your chosen
trading strategy, and the amount you are able to invest. We recommend watching our
training videos first, so you can make more informed transactions. Beginning traders
can try out their skills and practice on the practice account.
You can't take any profit from transactions you complete on the
practice account. You get virtual funds and make virtual transactions. It is
intended for training purposes only. To trade using real money, you need to deposit
funds to a real account.
To put it simply, volatility is how much a price changes. With
low volatility, changes are insignificant on the chart and the asset might expire at
the same level where you bought the option. But when the chart shows high
volatility, the asset's level fluctuates quickly. We don't recommend trading when
prices are highly volatile for inexperienced traders who don't understand why the
price is fluctuating.
Classic Options is an innovative product with unlimited profit
that allows you to trade 500 different assets. It works almost exactly the same way
as trading binary options: by buying a Call or Put option, you invest funds in the
rising or falling price on a certain trading asset.Unlike binary options trading,
your profit here is not restricted in any way, and transactions can have longer
terms (until the nearest Friday when the exchanges close). But the main way that
classic options are traded is preterm selling before the expiry, since the key here
is to make a decision at the right time.
Bitcoin is a form of digital currency which is based on an open
source code that was created and is held electronically. Bitcoin is a decentralized
form of currency, meaning that it does not belong to any form of government and is
not controlled by anyone.
The original Bitcoin code was designed by Satoshi Nakamoto under
MIT open source credentials. In 2008 Nakamoto outlined the idea behind Bitcoin in
his White Paper, which scientifically described how the cryptocurrency would
function. Bitcoin is the first successful digital currency designed with trust in
cryptography over central authorities. Satoshi left the Bitcoin code in the hands of
developers and the community in 2010. Thus far hundreds of developers have added to
the core code throughout the years.
Bitcoin mining is analogous to the mining of gold, but its
digital form. The process involves specialized computers solving algorithmic
equations or hash functions. These problems help miners to confirm blocks of
transactions held within the network. Bitcoin mining provides a reward for miners by
paying out in Bitcoin in turn the miners confirm transactions on the blockchain.
Miners introduce new Bitcoin into the network and also secure the system with
transaction confirmation. They are also rewarded network fees for when they harvest
new coin and a time when the last bitcoin is found mining will continue.
This is a yet another controversial topic. Because of the
freedom and the degree of anonymity that the use of Bitcoin offers, many users who
were seeking to purchase or solicit illegal goods or services initially turned to
the use of Bitcoin as a method of payment.
Again, when a user decides to use a specific type of software
for their Bitcoin wallet, they are deciding what direction the Bitcoin network is
heading towards. In other words, you need the cooperation of nearly every single
user in order to modify any aspect of the Bitcoin protocol.
Participants in Bitcoin transactions are identified by public
addresses – those are the long strings of around 30 characters you see in a person’s
Bitcoin address, usually starting with the numerals ‘1’ or ‘3’. For every
transaction, the sending and receiving addresses are publicly-viewable.
Bitcoins can be sold locally using LocalBitcoins, on Bitcoin
brokerages / exchanges, using two-way Bitcoin Teller Machines (BTM’s) or you can pay
for a good or service with them. Bitcoins can be sold to just about anyone as long
as they have a Bitcoin address, and can be sold for any fiat currency in the world
or traded for a physical good. Feel free to check out our recommended list of
exchanges and brokerage services to sell your bitcoins online.
