Becky Lord

Great question, Smith. From Litecoin to Ethereum, Shopify accepts over 300 digital coins in its platform. However, the site has merged with cryptocurrency processor CoinPayments to extend its reach. The remittance company’s transactions have exceeded $5 billion so far. Terming the combination unstoppable, CoinPayment boss Jason Butcher expressed the hope of creating a seamless procedure for crypto businesses. This comes after a fruitful beta test that began in 2019. In addition to CoinPayments being displayed as a payment alternative, Shopify users will benefit from the 1800 coin types in its system. Seeing Shopify serves over 175 countries, this collaboration will also enhance cross-border remittance. The e-commerce giant has also included Facebook’s Libra association in its crypto expansion. Instead of conventional algorithm mining, the alliance targets stablecoins backed by fiat currency. This will give Libra an edge over other volatile options like Bitcoin. What’s more, Shopify will access Facebook membership as well as related forums like Messenger and WhatsApp.

Thanks for the question Serhii, Stop-loss restrictions protect your capital from sharp market swings. They are mandatory for all positions except real assets and cryptocurrencies. eToro allows you to raise the stop-loss order beyond the specified limits when the trade opens. In the event of an extension, part of your balance will go into the trade thanks to the broker’s Maintenance Margin feature. Even so, a stop loss is impossible with insufficient funds. Suppose you trade with $1000, and the stop-loss limit stands at the 50% allowed maximum. The trade will end when your position reaches $500. However, an extra $500 will be drawn from your account if you decide to stretch the order to 100%. This translates to a $1000 stop loss and $1500 invested total. The additional $500 makes the maintenance margin. Though they eliminate the hassle of checking your holdings every day, stop-loss measures may trigger unnecessary sales during temporary price movements.

Hi John, Exchange rates are obtained when you quote two currencies in relation to each other. One of them is the base while the other is the quoted currency. Hence, a direct quote demonstrates a foreign currency unit with reference to a domestic currency. Conversely, an indirect quote shows a domestic currency unit with respect to a foreign currency. Suppose a pair is quoted as GBPUSD= 1.3160. The pound represents the base currency, the dollar represents the quoted currency, while the conversion rate is shown as 1 Sterling=1.3160 US dollars. This GBPUSD pair constitutes a direct quote. In contrast, the conversion rate between the dollar and the yen is presented as USDJPY= 113.65. Here, the dollar shows the base currency and the yen the quoted currency. Therefore, the conversion rate is 1 US dollar=113.65 Japanese yen with the USDJPY pair constituting an indirect quote. Low exchange rates in direct quotes reveal a strong domestic currency while a similar scenario in indirect quotes portrays a depreciating local currency.

Hello Paul, Signal providers are human Forex experts or AI trading systems that provide investors with timely trading opportunities after analyzing technical indicators. Because they contain actionable information like stop-loss levels and in and out points, the alerts are perfect for beginners. For experienced traders, the signals reveal hidden opportunities you would have otherwise missed. You can either pay for the signals or get them free of charge. Needless to say, paid signals are more comprehensive than their free alternatives. Even so, ensure your profits exceed the signal fees. Though they don’t have monthly charges, free providers will recommend a brokerage, hence, earning a commission when you trade. The accuracy of these prompts is not guaranteed because of market volatility. That’s why you should develop risk management strategies. Don’t forget to look into your provider’s history to gauge their performance. Go back several years and concentrate on how they handled major crises.

Cryptocurrencies have earned infamy for how wide their price volatility can swing. Bitcoin, whose price rose to $20,000 prior to falling to $3,200 within a year, is a prime example. Crypto volatility, against NASDAQ 100 index volatility, has yet to fall lower, Bloomberg data shows. Similar data reveals the last time this comparative metric fell so low was the onset of the previous cryptocurrency bull market. Bitcoin is therefore gearing up for another bull market. Every crypto asset fundamental is screaming buy. Technical analysis data reveals sustained uptrend pressure once Bitcoin clears current overhead resistance. However, Bitcoin faces challenges in rising above the $10,000 resistance point. Bitcoin has consolidated for weeks below this resistance level leading to lower volatility. This resistance shows low levels of volatility correlations against NASDAQ 100. The last time Bitcoin versus NASDAQ went this low saw the start of a bitcoin bull run, according to Bloomberg analytics.