Smart Guide to digital Trading (forex, crypto and stock market)

Smart Guide to digital Trading (CRYPTO FOREX AND STOCK MARKET)

Good day readers and lovelies from all around the world. Permit me to use this opportunity as a newbie here to introduce myself as a first time user of read.cash. my name is CHIMEZIE COLLINS, Am a technical analysis in forex, crypto and stock market with 5 years of experience trading the financial market profitably and I hope we will milk the dollar together and remain profitable if you follow up my writing because I will be writing on the indepth knowledge about the financial market and many more.

INTRODUCTION TO BLOCKCHAIN TECHNOLOGY🧱🧱🧱🧱🧱🧱

Blockchain is a technology for creating permanent, secure digital recordings that don’t rely on any single person or group,blockchains can record any information, though its first main use was to record bitcoin transactions.

🧱Imagine blockchain as a book of records. Each page in that book is a block, and can record anything.

Blocks are created one after the other, chained to each other to create the blockchain.

🧱The Blockchain as a Ledger to prevent fraud and manipulation, every user of a cryptocurrency can simultaneously record and verify their transactions and the transactions of others.These digital transaction recordings are known as a “ledger” and the ledger is publicly available to anyone.With the public ledger, transactions become efficient, permanent, secure and transparent.

For Example;

With traditional banks, the general public or unauthorized users cannot see your account balance or access your transaction history.

In contrast, a technology such as the blockchain allows every transaction to be transparent thereby allowing anyone to see your available balance and transaction history.However, no one seeing your details can transfer what's in your crypto wallet.

To see your available balance, a person must have your public key.And to transfer your available balance, a person must have your wallet’s private key.Apart from transparency, Blockchain offers speedy transfers.This is because people can send money directly without a middleman (banks), which makes transactions affordable and faster.

Research shows many people find cryptocurrency hard to understand.

Some people ask if it’s real money or not?

Well, the answer is neither “yes” nor “no”.

to be real “money,” a currency must be acceptable as a means of exchange – that is, something you can always pay with, or willing to accept as payment for your goods and services.Each transaction is recorded on a digital record kept by many people across the world known as the “blockchain”.The data on the blockchain is publicly available and stored on many computers.

Given that there are so many copies being simultaneously maintained, the transaction and banking data is very safe and virtually impossible to manipulate.

Individuals protect their bitcoins using their digital wallet.

A wallet is software that can only be accessed by using a key, which is a long string of letters and numbers.

I will be stopping here as there are much other things to discuss and also not to bore us with so many things here. Take good time and read through it and also make some more research’s