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🚀 Suppose you have $1,000 and are willing to invest in stocks. What investment portfolio would you choose for 2022-2023?

👉 Freshen up your trading with these basic Forex concepts

What’s Forex? Perhaps you think that’s a boring question and know it’s short for foreign currency exchange already. But, what is Forex as a concept? You’ve probably traded currencies on Olymp Trade for a while now, but only with so-so results so far. If that’s the case for you, it’s probably time for a change. Given that a building only stands to last upon a strong foundation, let’s unload everything we’ve learned about Forex concepts and start rebuilding some of our trading knowledge from the ground up.

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🟢 Bitcoin uses first-generation blockchain technology, and its primary function is financial. The user runs the program on their computer and has the opportunity to work in a decentralized environment without risking being cheated by other participants. The Bitcoin system was not meant to be complex, and this has been its advantage in security matters. The lack of extensive functionality was a conscious decision to guarantee stronger security. Bitcoin:

🔰 performs a financial function only.
🔰 has an emission cap.
🔰 strives to become the main digital payment system.

🟡 Ethereum uses second-generation blockchain and has a broader range of functions. In addition to financial transactions, Ethereum algorithms provide opportunities for programming. Ethereum allows developers to create blockchain applications using smart contracts. Ethereum:

🔰 is a blockchain platform.
🔰 is not emission-limited.
🔰 strives to become the primary blockchain tool.

📆 Save this list of influential economic news that will help you boost your trading efficiency.

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📅 To make your Forex trading more effective, we recommend you look at the chart of traders' activity by the days of the week.

As you can see, Monday has the lowest level of activity. The potential for earning is less significant. On Mondays, traders observe the market, making forecasts for the upcoming week. On Tuesdays, countries start to publish economic reports. Trading activity increases, as well as an opportunity to profit from changing rates. 📊

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If you decide to learn a new strategy or indicator, use a demo account. Try to open several trades to make sure that the chosen strategy is effective and only open a trade on a live account afterwards 🧐

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