THE FOREX TRADING ACADEMY

Hi Traders,

Today I’m going to share eight pieces of guidance with you that, in the main, only profitable traders truly understand, and more importantly, practice permanently.


They include:


1- Your trading edge doesn't have to be complicated.

2- Yhe more mechanical the better.

3- Follow the plan without deviation, the more simple the better.

4- Every trader is just x number of trades away, from being the trader they want to be.

5- Data is everything - journal trades.

6- Risk management is not about avoiding risk, it is about taking a calculated risk

7- The bigger risk you can take is not taking any risk at all.

8- Demo accounts don't count.

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What is Bitcoin Halving?

Bitcoin halving refers to the reduction in the rewards that Bitcoin miners receive for validating transactions on the network.

This event occurs approximately every four years, or after every 210,000 blocks are mined.


A few background details to help you understand it

In the BTC network, miners play a crucial role in verifying and securing transactions. To incentivize their efforts, they are rewarded with newly created Bitcoins and transaction fees. This reward is called the "block reward."



At the genesis of Bitcoin in 2009, miners received 50 Bitcoins as a reward for each block they mined. The first halving, in 2012, reduced this reward to 25 Bitcoins, the 2016 halving lowered it to 12.5 Bitcoins, and the most recent one in May 2020, reduced it further to 6.25 BTC.



This halving process will continue until approximately 2140 when the maximum supply of 21 million Bitcoins is reached.

After that, no new Bitcoins will be created through mining, and miners will rely solely on transaction fees.




Why Is Bitcoin Halving Important?

Bitcoin halving has several important implications:

1. Scarcity and Inflation Control
By reducing the rate at which new Bitcoins are created, halving contributes to the scarcity of Bitcoin.

2. Miner Incentives
Halving affects the economic incentives for miners. With reduced rewards, miners must rely more on transaction fees to sustain their operations.

This can lead to increased competition among miners and potentially improve the overall security of the network.

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What is Bitcoin Halving and its implications?

Bitcoin halving is one of the most important events in the crypto space and the next one is expected to occur in April or May 2024.

Let's dive into the fascinating world of Bitcoin Halving, what it is, and how it works.

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More achievement as you keep investing with us. Thanks for your feedback. 👇👇

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Announcement 📢

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We assure you

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