Cryptocurrency Trading with IQ Option

All digital tokens were launched as alternatives to fiat monies. They are decentralized and therefore are not controlled by any government. Cryptocurrencies are expected to become the most convenient global payment instruments in the near future. Moreover, digital assets have additional purposes depending on what a platform was released for. For instance, the TRON platform was launched for the gaming industry.

Comparing crypto to fiat money isn’t simply a case of saying that one is better than the other. There are pros and cons for both. The main advantages of crypto lie in the fact that it is rapidly becoming a global, safe payment instrument that implies no fees and is completely decentralized. Moreover, digital tokens are expected to become the perfect instruments for investing funds. For instance, the price of Bitcoin has increased more than 100 000 times since its release. One of the main disadvantages of crypto, is its high volatility.. Digital currencies are not backed by gold or other assets.

Decentralization is understood to be the main advantage of digital tokens. Moreover, transactions are anonymous and cannot be changed therefore such payment instruments are extremely safe. In fact, the list of advantages is long which is why crypto assets are gaining in popularity so rapidly.

There are two ways to trade crypto. The first involves the direct buying and selling of digital assets. This implies that a trader becomes an owner of those assets. The second way is CFD trading which is when market participants earn profits by speculating on digital tokens’ price movements without being the owners of those assets.

The IQ Option platform offers the perfect opportunity to become acquainted with this innovative instrument by using a demo account. Trading with this is absolutely safe. Users are not limited and a training account can be refilled to 10 000 USD as many times as needed. Having a demo account enables you to learn all the details about how to trade crypto with none of the risks. Once you are confident that you understand the system, you can open a real account. 

Investors are invited to buy cryptocurrencies in special exchanges. These are regulated by responsible authorities therefore purchasing crypto there is a safe option. Our platform offers the buying of crypto for trading purposes only. That means that digital currencies cannot be transferred to crypto wallets, for instance. Thus, our trading platforms are only intended for obtaining profits while exchanges and wallets may be used for long-term investments.

The foreign exchange market and most other trading instruments are available only at particular times, while the crypto market never closes. This is a great advantage for both beginners and experienced traders. Crypto exchanges and platforms are open 24/7 for the trading of digital tokens. 

Our platform offers to trade crypto 24/7 so that you can gain more profits or develop your skills at any time of the night or day. Traders are advised to experiment as they learn. The market is rather volatile therefore any news concerning digital tokens may effect changes in their rates. Traders are expected to make instant decisions in such situations.

IQ Option offers weekend trading for all assets and therefore cryptocurrencies are not the exception. The market is open for traders 7 days per week.

Prices fluctuate a lot, so it can be difficult to know when the best time to trade is. In fact, prices can vary up to 50% in a day. There isn’t really a perfect time of day to trade because prices are influenced by many factors. 

The status of digital assets completely depends on the particular country. There are some countries where the government has a favorable attitude towards new instruments (Estonia, Switzerland, Australia, etc.) but nevertheless the governments try to control the market because they’re afraid of its influence on the financial system. On the other hand, there are countries where cryptocurrencies are completely forbidden, such as Saudi Arabia and Pakistan.

The majority of countries have no particular regulation for cryptocurrencies therefore citizens are free to invest money in such promising instruments. On the other hand, in Bangladesh, Nepal and some other countries, crypto investments are regarded as a crime. Therefore traders and investors are recommended to obtain the necessary information for their country before buying.

In South Africa digital currencies are not accepted as payment methods but at the same time the government has a favorable attitude towards such assets. Moreover, research shows that more than 10% of South African internet users have invested in cryptocurrencies. South Africa is globally the top owner of cryptocurrency. Thus, cryptocurrency South Africa is regarded as absolutely legal.

The taxation policy is rather controversial as most countries have no definite understanding of such assets. In the majority of countries people are obliged to pay income taxes according to the current legislature, and profits from digital tokens are understood to be in the same category. South Africa is expected to become the first country to adopt a crypto taxation policy.

Digital tokens are assets that can be bought and sold, therefore they are traded in the same way as other instruments. The principles are the same as well. Traders should understand the latest news of the industry predicting the increasing or decreasing of rates. The potential of cryptocurrencies is extremely high but the risks are high as well.

IQ Option offers traders the opportunity to obtain up to 900% profit on digital assets. This level of success is possible only in cases where the trader has a deep understanding of the market and is prepared to follow the news concerning the crypto industry.

In 2017 there was a digital assets boom when their rates increased by 20% and more. Many people made a lot of money off this asset but times have changed. Traders should understand that a bull market is always followed by a bear one. Investing in a particular asset should be only made using intelligence, skills and all the available information. You will definitely not make anything by investing according to greed and emotions. 

There are examples where people have invested just 100 dollars and have obtained millions off trading in cryptocurrencies but looking for millions should not be an investor’s principal motivation. Investors or traders are recommended to develop their skills, and to learn to understand the industry up to the smallest details. That is the road to success. Looking for millions is a road to nowhere.

It is difficult to say which cryptocurrencies are the best investing instruments now. They can be divided into three groups. The first group includes those assets that are regarded as reliable and leading ones (Bitcoin, Ethereum, Ripple, etc.). The second category contains tokens that are regarded as promising for the future (TRX, EOS, NEO, etc.). The third group includes those coins that are less known but are looking quite promising (Stratis, Nebulas). Investors are expected to take into account numerous aspects they are interested in when choosing the most promising tokens.

On the one hand, cryptocurrencies have been in existence for a long time and have turned out to be promising. On the other hand, every year many digital assets disappear, leading to bankruptcy. Experts have concluded that only top digital assets can be regarded as absolutely safe while other coins are always at risk of being influenced by numerous negative factors.

Investments are always connected with risk no matter how stable and promising the instruments are. Compared to stocks or foreign currencies, digital assets are a more risky investment yet at the same time are more promising. Some people have earned more than 1000% in profits..

Cryptocurrencies are theoretically secure but there are still cases of fraud, asset theft, etc. Because of this, investors should rely on the most respected exchanges or else choose other ways of keeping their assets. Referring to trading platforms, assets are more protected. For instance, IQ Option keeps its clients’ funds in an EU bank guaranteeing their safety and security.

There offered numerous ways of securing digital assets. Cold wallets are regarded as the safest way of storing digital tokens. Hot wallets and exchange accounts are offered as alternatives.