Earn up to
$50000
for inviting friends
to get StartUp Bonus
from InstaForex
No investments required!
Start trading without
any investments and risks
WITH NEW STARTUP
BONUS 1000$
GET BONUS
55%
from InstaForex
on every deposit
+ Reply to Thread
Page 9 of 9 FirstFirst ... 7 8 9
Results 81 to 87 of 87

Thread: All Information About Bitcoin

  1. #81
    Supper Moderator
    ----
     
    rasheed85 is a glorious beacon of light rasheed85 is a glorious beacon of light rasheed85 is a glorious beacon of light rasheed85 is a glorious beacon of light rasheed85 is a glorious beacon of light rasheed85's Avatar
    Join Date
    Jul 2012
    Posts
    2,710
    Thanks
    123
    Thanked 432 Times in 262 Posts

    Bitcoin is 'noxious poison', says Warren Buffett investment chief

    Bitcoin is heading towards $10,000 again, despite comments from the US billionaire Charles Munger who described the digital currency as “noxious poison”.

    Munger, the vice-chairman of Warren Buffett’s investment firm Berkshire Hathaway, said he considered the bitcoin craze to be “totally asinine”.

    Speaking at the annual meeting of the US publishing firm Daily Journal, which he chairs, in Los Angeles on Wednesday, Munger said: “I never considered for one second having anything to do with it. I detested it the moment it was raised. It’s just disgusting. Bitcoin is noxious poison.”

    Bitcoin is rising towards $10,000, a level it has not seen since 1 February. It hit $9,977 earlier on Thursday and is now trading at around $9,580, up nearly 1%.

    Munger called for a government crackdown on the cryptocurrency, similar to the one in China, saying: “Our government’s more lax approach to it is wrong. The right answer to something like that is to step on it hard.”

    Bitcoin: what have experts said about the cryptocurrency?
    Read more
    Bitcoin tumbled last month to below $6,000 when China stepped up its clampdown on cryptocurrency trading, reportedly targeting online platforms and mobile apps. Chinese state media reported that the government was planning to stamp out remaining cryptocurrency trading in the country following its crackdown last year, when Beijing shut down bitcoin exchanges and banned all initial coin offerings.

    Russia’s president, Vladimir Putin, also signalled a crackdown.

    I appreciate there not being a paywall: it is more democratic for the media to be available for all and not a commodity to be purchased by a few. I’m happy to make a contribution so others with less means still have access to information.
    Thomasine F-R.
    If everyone who reads our reporting, who likes it, helps fund it, our future would be much more secure.

  2. <a href="http://www.mt5.com/">&#1060;&#1086;&#1088;&#1077;&#1082;&#1089; &#1087;&#1086;&#1088;&#1090;&#1072;&#1083;</a>
  3. #82
    Supper Moderator
    ----
     
    rasheed85 is a glorious beacon of light rasheed85 is a glorious beacon of light rasheed85 is a glorious beacon of light rasheed85 is a glorious beacon of light rasheed85 is a glorious beacon of light rasheed85's Avatar
    Join Date
    Jul 2012
    Posts
    2,710
    Thanks
    123
    Thanked 432 Times in 262 Posts
    Bitcoin Foundation’s Llew Claasen Says Bitcoin Will Hit $40,000, 90% Of Altcoins Will Fail

    The executive director of the Bitcoin Foundation Llew Claasen predicted that the price of Bitcoin will hit $40,000 by the end of 2018, while 90% of all other cryptocurrency projects will fail, Business Insider reported Feb. 15.

    As Claasen stated at the Startup Grind conference which took place Feb. 12-14, this failure will be caused by investors taking too much risk investing in cryptocurrency projects which later turn out to be scams.

    Only a month and a half into 2018, five major Initial Coin Offering (ICO) and cryptocurrency scams have already been discovered, including the notorious case of Bitconnect.

    Claasen is confident that the cryptocurrency community will learn from these unfortunate occurrences and will be able to prevent them in future, as he told Business Insider. Claasen believes that investors are already being more careful, declaring that “this is a problem the market is good at solving."

    As Claasen further explained, Bitcoin will not be gradually growing to the value of $40,000 over the course of 2018. Instead, it will be bouncing for three to six months with the same ups and downs as during the previous three months.

    Just this Tuesday, the CEO of Ripple Brad Garlinghouse similarly said that most virtual currencies will likely go to zero, as reported by Business Insider.

  4. #83
    Supper Moderator
    ----
     
    rasheed85 is a glorious beacon of light rasheed85 is a glorious beacon of light rasheed85 is a glorious beacon of light rasheed85 is a glorious beacon of light rasheed85 is a glorious beacon of light rasheed85's Avatar
    Join Date
    Jul 2012
    Posts
    2,710
    Thanks
    123
    Thanked 432 Times in 262 Posts

    Bitcoin broke through $11,000 for the first time since January

    • Bitcoin broke through the $11,000 mark over the weekend for the first time since January.
    • Fears over tighter regulation, which was one of the catalysts for the recent crash, appear to have subsided.
    • Many commentators, including Ethereum Founder Vitalik Buterin, have warned that cryptocurrencies could fall to "near-zero" at any time.

    Bitcoin broke through the $11,000 mark over the weekend for the first time since the end of January as its price continues to slowly rise following a violent sell-off at the start of the month.

    The price of the cryptocurrency went as high as $11,279.18 on Sunday, its most elevated level since January 30, according to CoinDesk's bitcoin price index, which tracks prices from four major cryptocurrency exchanges.

    On Monday, bitcoin was trading below $11,000, at $10,789, at around 9:30 a.m. London time (4:30 a.m. ET).

    Bitcoin's price has been slowly climbing higher after a massive sell-off in early February, which was triggered by fears over tighter regulation, rumors of price manipulation in the market, and a hack on cryptocurrency exchange Coincheck that saw over $500 million stolen.

    Bitcoin is up over 80 percent since it bottomed at $5.947.40 on February 6.

    In South Korea, a key market for bitcoin, there were fears that an outright ban on cryptocurrency trading could come into effect. But as new measures were implemented, they were less strict than investors thought, and many sounded a positive note.

    Earlier this month, chairman of the Commodity Futures Trading Commission (CFTC), Christopher Giancarlo, and the chairman of the Securities and Exchange Commission (SEC), Jay Clayton, gave a testimony in front of the Senate Banking Committee on cryptocurrencies. They struck a positive tone, with Giancarlo saying that regulators should have a "thoughtful and balance response, and not a dismissive one."

    This has also helped to alleviate fears of tighter regulation.

    Bullishness appears to be returning to the cryptocurrency markets, with both ripple and ethereum also off their lows seen earlier this month.

    Tom Lee, the first major Wall Street strategist to cover bitcoin, said recently that bitcoin will likely rise to $25,000 this year. Kay Van-Petersen, an analyst at Saxo Bank who correctly predicted the cryptocurrency's rally at the start of last year told CNBC in a recent interview that bitcoin could go to $100,000.

    Still, there are a number of major organizations and figures warning about the potential for cryptocurrencies to crash. Goldman Sachs said in a note this month that most digital coins are likely to fall to zero. And Ethereum founder Vitalik Buterin also warned Sunday that cryptocurrencies are a "hyper-volatile" asset class and "could drop to near-zero at any time."

  5. #84
    Will work for pips
    ----
     
    Nasatube is an unknown quantity at this point Nasatube's Avatar
    Join Date
    Nov 2017
    Posts
    75
    Accumulated bonus
    80.85 USD
    Thanks
    0
    Thanked 1 Time in 1 Post

    Bitcoin’s transaction fee crisis is over—for now

    The median daily transaction fee on the bitcoin network fell to $0.79 on Sunday, a six-month low. That represents a dramatic 97-percent decline from the peak of $34 reached on December 23. The median daily bitcoin transaction fee was more than $10 from mid-December until mid-January but has been declining steadily since then.

    The high fees of the last few months have been a crisis for the bitcoin network. Bitcoin fans once touted the network's near-zero fees as a selling point. But as fees soared in late 2017, businesses started backing away from the network.

    Video game maker Valve stopped accepting bitcoin payments for its Steam platform in December, writing that "it has become untenable to support Bitcoin as a payment option." That same month Bitpay, a company that accepts bitcoin payments on behalf of merchants, announced that it was setting a minimum transaction size of $100—though the company quickly cut the minimum to $5 in response to customer outrage. Stripe, a major credit card processor, stopped accepting bitcoin payments for customers in January, arguing that thanks to high fees, there were "fewer and fewer use cases" for the payment network.

    But fees have fallen in recent weeks. Yesterday, the median bitcoin fee fell below $1 for the first time since September. The question is whether these fees will stay low—or if it's a temporary reprieve. The bitcoin community is racing to implement new technologies that could allow bitcoin payment volumes to continue expanding without a return of crippling fees.

    Why bitcoin fees have fallen
    To a large extent, high fees became a problem that solved itself. As fees soared, some users looked for ways to use the network more efficiently, while others stopped using the network altogether.

    For example, it's technically possible for a single bitcoin transaction to include payments to many different recipients simultaneously. This effectively packs more payments into less space on the blockchain. When fees were low, companies didn't bother with these kinds of optimizations. As fees rose, companies made them a priority. As a result, the number of outputs per transaction has been rising in recent weeks, helping to relieve congestion.

    At the same time, as we've seen, high fees have also encouraged some companies to simply stop using bitcoin. Some companies, like Valve, have gotten out of the cryptocurrency game altogether. Others have shifted to other blockchain networks—like litecoin, Ethereum, or Bitcoin Cash—where transaction fees are much lower. When companies leave the bitcoin ecosystem, it helps to push fees downward. But that's obviously not a positive sign for bitcoin's long-term future.

    At the same time, bitcoin's speculative bubble has been cooling in recent weeks, and that has likely pushed fees down as well. In December, money was pouring into the bitcoin market, and people were willing to pay top dollar to get their bitcoins into exchanges to sell them at high prices. But bitcoin's price has fallen dramatically since the December peak of $19,500. It reached a low of $6,000 earlier this month, and by Monday afternoon one bitcoin was worth around $11,000. A cooling market naturally means less demand to move bitcoins around for speculative purposes.

    Segregated Witness could provide some breathing room
    The big question is what will happen if usage of the bitcoin network continues to grow. A hard-coded limit on the size of blocks limits how many transactions the bitcoin network can process per second. Some in the bitcoin community wanted to simply raise the block size. But they didn't get their way and became so frustrated that they launched a rival network called Bitcoin Cash last August.

    Since their departure, the mainstream bitcoin network has been controlled by bitcoin's "small block" faction. Instead of simply increasing the maximum block size, they've focused on a technological upgrade called Segregated Witness that separates cryptographic signatures from the rest of the blockchain data. These signatures aren't counted against that one-megabyte block-size limit, so this is a de facto block-size increase. It went into effect in August, which should have helped with the capacity problems the network experienced last fall.

    The problem is that users had to modify their bitcoin software to use a new, more efficient transaction format. But it takes time for software providers to roll out the necessary changes, and the process has been slower than proponents had hoped. Six months after the upgrade went into effect, only about 14 percent of bitcoin transactions use the new format—a figure that has barely changed since initial excitement about the upgrade wore off around October.

    he slow rollout by some bitcoin companies has enraged some bitcoin partisans. Coinbase—one of the most popular services for buying, selling, and storing bitcoin—has been a popular target of criticism.

    Coinbase has insisted that updating software for a company of its scale simply takes time. The company says it plans to begin supporting Segregated Witness by the end of February.

    Other companies are hard at work on the upgrade as well, which means we should see a steady increase in Segregated Witness adoption in the coming months. That should give the bitcoin world a bit of breathing room.

    But Segregated Witness is not a panacea. If 100 percent of transactions use the new format, it will roughly double the network's capacity—but that's it. Further increases will require more radical changes.

    The bitcoin community is pinning its hopes on Lightning
    The bitcoin community's longer-term vision is a new payment network called Lightning that operates as a second layer on top of the existing bitcoin network. It could dramatically expand the bitcoin network's capacity by shifting most routine transactions outside the blockchain. You can check out our recent Lightning explainer for a full explanation of how this will work.

    In theory, Lightning should allow a significant expansion in the practical capacity of the bitcoin network. But there are a lot of practical challenges ahead. Lightning will be a good fit for some bitcoin applications and a poor fit for others—it remains to be seen how much of the bitcoin community will ultimately switch from old-fashioned bitcoin transactions to new-fangled Lightning ones.

    And Lightning will also face the same challenge as Segregated Witness: even after the network is officially launched, it will take months, if not years, for it to be widely adopted. Indeed, Lightning is a bigger change than Segregated Witness, so we can expect the shift to take longer. This means that even if Lightning fulfills all of its supporters' hopes, years might go by before it can make a serious dent in demand for the underlying bitcoin network.

    All of which means that a resurgence of bitcoin fees is a real possibility. A lot depends on what happens to bitcoin's price in the coming months. If bitcoin's price reaches new highs, we're likely to see bitcoin fees hit new highs as well. On the other hand, if the bitcoin bubble continues to deflate, fees are likely to remain reasonable. In that sense, a falling bitcoin price could be a blessing in disguise.

  6. #85
    Supper Moderator
    ----
     
    rasheed85 is a glorious beacon of light rasheed85 is a glorious beacon of light rasheed85 is a glorious beacon of light rasheed85 is a glorious beacon of light rasheed85 is a glorious beacon of light rasheed85's Avatar
    Join Date
    Jul 2012
    Posts
    2,710
    Thanks
    123
    Thanked 432 Times in 262 Posts

    Bitcoin Weathers Overnight Sell-Off, Looks to Test $12K

    Bitcoin (BTC) has recovered 38 percent of an overnight sell-off and remains on track to test the long-term inflection point above $12,000, technical charts indicate.

    The cryptocurrency ran into offers above $11,700 yesterday, according to CoinDesk's Bitcoin Price Index (BPI) and fell to $10,691.43 at 04:29 UTC. As of writing, the BPI is back at $11,162 - down 1.5 percent for the last 24 hours.

    On Coinbase's GDAX exchange, BTC was last seen changing hands around $11,079, which is the 38.2 percent Fibonacci retracement of the 1,125-point drop that lasted from late American session to late Asian session.

    Furthermore, the cryptocurrency is up at least 85 percent from lows seen on Feb. 6. Still, many in the investor community believes BTC is still in a bear market and the sharp rise from the lows below $6,000 is only a "corrective rally" inside the bigger downtrend.

    The view has merit, given the cryptocurrency is still trading well below the descending trendline drawn from the Dec. 17 high and Jan. 6 high. However, short-term momentum studies favor upside in BTC prices.

    Trendline resistance is seen around $12,300.
    The 5-day moving average (MA) and 10-day MA continue to rise in favor of the bulls.
    The previous day's candle with its long upper shadow (big gap between the intraday high and UTC close) signaled bullish exhaustion. However, the swift recovery from the low of $10,650 has kept the bulls in the game.

    That said, the weekly chart is not so bullish for BTC.

    The weekly 10-MA has adopted bearish bias (downward sloping).

    The retreat from $11,175 marks rejection at the weekly 10-day MA.

    Also, as discussed, the RSI still favors the bears.


    The cryptocurrency remains on track to test the long-term inflection point of $12,300 (trendline resistance).

    Bullish Scenario: A daily close (as per UTC) above $12,300 would signal the bear market has ended and add credence to the bullish doji reversal. In such a scenario, BTC could revisit $17,178 (Jan. 5 high) and could possibly break higher towards the record highs around $20,000.
    A close (as per UTC) below the upward sloping 10-day MA would signal short-term consolidation.
    Bearish scenario: A break below $10,297.39 (current weekly low) would add credence to the bearish weekly chart factors and could yield a drop to $9,017.41 (Jan. 17 low). The sell-off would be more intense if the break below $10,297.39 happens after a rejection at the inflection point of $12,300.

  7. #86
    Supper Moderator
    ----
     
    rasheed85 is a glorious beacon of light rasheed85 is a glorious beacon of light rasheed85 is a glorious beacon of light rasheed85 is a glorious beacon of light rasheed85 is a glorious beacon of light rasheed85's Avatar
    Join Date
    Jul 2012
    Posts
    2,710
    Thanks
    123
    Thanked 432 Times in 262 Posts

    Bitcoin Drops Below $10K as Crypto Markets Dip

    Signs of bull market exhaustion in the bitcoin market may be having a knock-on effect across cryptocurrencies in general.

    All of the top 100 cryptocurrencies by market capitalization - bar nano, dentacoin and tether - are in the red today, according to CoinMarketCap data.

    Bitcoin (BTC) has dropped over 8 percent in the last 24 hours, as was indicated by the bearish reversal pattern on the daily charts and head-and-shoulders breakdown on the hourly chart.

    As of writing, BTC had dropped to $9,958 - down 16.72 percent from the recent high of $11,958 hit on Feb. 20.

    As seen above, the biggest loser among the top 10 cryptocurrencies is bitcoin cash (BCH), down 10.58 percent in the last 24 hours. It's also down 24.11 percent from the recent high of $1,641.40. The cryptocurrency's ascent was cut short by key resistance around $1,533, shows Bitfinex data.

    Also, taking a beating today is Ripple's XRP. As of writing, the token is changing hands at $0.975152 - down 8.89 percent in the last 24 hours.

    CoinDesk reported yesterday that Ripple has added five new payments clients in four countries. Further, San Francisco-based startup has also released white papers hinting at an upgrade for the underlying technology of XRP. However, the today's drop indicates the good news has been ignored by the markets or is being overshadowed by the broad-based losses in crypto space.

    Whatever the case, XRP is looking heavy on the technical charts. Also, it is worth noting the cryptocurrency is down 24.99 percent from the recent high of $1.3 (reached Feb. 10).

    Meanwhile, as noted, the few gaining tokens are all out side the top 10, including small caps like nano (up 8.15 percent in last 24 hours) and dentacoin (up 2.48 percent).

    The total value of all cryptocurrencies taken together stands at $445 billion - down close to 15 percent from the high of $519 billion seen on Feb. 18. However, that's still 61 percent above the Feb. 6 low of $276 billion.

  8. Fb
  9. #87
    Supper Moderator
    ----
     
    rasheed85 is a glorious beacon of light rasheed85 is a glorious beacon of light rasheed85 is a glorious beacon of light rasheed85 is a glorious beacon of light rasheed85 is a glorious beacon of light rasheed85's Avatar
    Join Date
    Jul 2012
    Posts
    2,710
    Thanks
    123
    Thanked 432 Times in 262 Posts

    Five reasons 2018 could be the best year yet for cryptocurrencies

    • Hosp has explained before why a potential cryptocurrency bubble could burst in 2018, but there are several factors that make him see upside potential in the space.
    • For bitcoin, the most important cryptocurrency by his estimation, he sees a 150 percent potential upside for 2018.
    • Taking into account several factors, the cryptocurrency market's upside potential could rise to up to seven or eight times present levels, he says.

    Ethereum and Bitcoin
    Jaap Arriens | NurPhoto | Getty Images
    In an earlier piece for CNBC, I explained why a potential cryptocurrency bubble could burst in 2018. Many people asked me afterward: If I'm so skeptical about the space, why am I invested in it?

    Let me clarify. I'm someone who always calculates the potential upsides and downsides, and I think many people take unnecessary risks: They either invest too much or too little because they don't do proper analysis.

    So I want to highlight five reasons why 2018 might be the best ever year for cryptocurrencies and why I'm heavily invested in them.

    1. The work on scaling issues
    Bitcoin (BTC) is the most important cryptocurrency. Most government-backed money that goes in and out of crypto goes through bitcoin, so what happens to the original cryptocurrency affects the entire market.

    The token's market dominance stood at about 40 percent as of Wednesday. By my estimates, however, it's clear bitcoin's market dominance should return to 75 percent of the entire space.

    I actually see a 150 percent potential upside in bitcoin for 2018.

    Why? Well, BTC is still dominant. It has the biggest user base and the biggest industry. Still, it faces a challenge in scaling up for wider use.

    Bitcoin now can't handle more than six or seven (or, with the "Segregated Witness" protocol upgrade, it's 12 to 14) transactions a second. Compare that with credit cards, which involve thousands of transactions per second, so the criticism about bitcoin's ability to be useful at larger scales is understandable.

    The scalability challenge results in high fees as well.

    What is the solution? It is the so-called second-layer peer-to-peer off-chain networks. To cite an example, look at the Lightning Network. Created by Blockstream, the Lightning Network allows for transactions off the blockchain, thereby decreasing the transaction costs almost to zero and increasing the speed and scalability almost infinitely. And it's just getting started. As you can see from this map, more and more nodes as well as channels are being established. It is growing exponentially.

    In the coming months, we will see a sharp uptick in transactions and the use of more bitcoin in these channels. What's more, the Lightning Network doesn't have any fee.

    In other words, second-layer networks solve the problems bitcoin faces — scalability and lack of liquidity. That could be a key reason why bitcoin surges this year.

    At the end of 2017, I foresaw that bitcoin would drop as low as $5,000 — but it could potentially climb to as high as $60,000. Lightning Network will have a big impact on the potential upside.

    There are also other second-layer projects like Rootstock that would allow computations similar to those of ethereum (a blockchain-based computing platform that supports another cryptocurrency named ether) to be done through bitcoin.

    Exciting projects such as those could cause a significant spike in BTC. I would dare say in the realm of 60 to 70 percent with the potential upside of 100 percent — and maybe even more.

    2. Large scale and more legitimate ICOs
    Like last year, initial coin offerings (ICOs) will impact the ethereum network because ICOs usually require plenty of ether. That will buttress the demand for the platform's digital coin. More legitimate ICOs will lead to greater interest in ether as we are already seeing with the billion-dollar ICO of messaging app provider Telegram and that of Kodak.

    That means we could see a rise in the market cap of ethereum to $200 billion by the end of the year from less than $90 billion on Wednesday. The cryptocurrency's price could possibly double to $2,000.

    Though other platforms could see similar gains, I believe ethereum will be the main focus.

    3. Regulation
    Many believe regulations hurt markets, but that is a short-sighted perspective. In the long run, companies require rules for the sake of legal stability and certainty. Regulation gives users and institutional clients the confidence to invest.

    We saw something similar when Japan started regulating bitcoin. The market dropped initially, but it rose eventually. Ditto in Australia.

    Other countries could follow the same rule book — I think we are going to see something like that with South Korea and probably many others — but the market's fate will be no different than after what played out in Japan and Australia.

    4. A lot of execution and usability
    There are several start-ups like my own that offer debit cards to help people spend their cryptocurrency holdings.

    That means the number of users and merchants is set to increase sharply in 2018.

    This would burnish the reputation of cryptocurrencies, with more and more companies trusting them. The firms that execute well this year will stand out and create a survivorship bias — where a few companies thrive and others fail, but people focus on the winners and ignore the losers.

    Most start-ups bomb, but the spectacular successes of companies such as Facebook and Airbnb help mask those failures. Likewise, the success stories of a few entities in the cryptocurrency space will overshadow the negative news of several going bankrupt.

    5. Institutional investors
    The last reason why 2018 will be a stellar year for cryptocurrencies is that this will be the first year of solid institutional money flowing into the ecosystem.

    It is estimated that $10 billion to $12 billion has so far flown into the crypto ecosystem, but that's nothing compared to what institutional funds could invest. Since those first funds propped up the market to around $500 billion, the next $10 billion to $12 billion, which is peanuts for some funds, could double the market cap this year.

    Summing up
    To sum up, the likelihood of all five factors happening is not 100 percent. But I still see a probability of 70 to 75 percent. And each one of them might grow the market's overall size 50 to 100 percent — maybe even 200 percent.

    If you combine those factors, the market's upside potential could rise to up to seven or eight times the present levels. While this might not be as much of a multiple as what we saw in 2017, it is much higher in absolute terms. That could make 2018 the most successful year in crypto ever. Additionally, the growth might not be based so much on hype or hope as it would be on solid foundations.

    That being said, the reader should not see this piece as investment advice, and should definitely read my discussion of potential risks. When you dismiss real risks as fear, uncertainty and doubt (FUD), you could be blindsided.

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Forex Forum Nigeria – Presentation
You are welcome to the Forex Forum Nigeria serving as a virtual salon for communication of traders of all levels. Forex is a dynamically developing financial market which is open 24 hours a day. Anyone can get access to this market via a brokerage company. On this forum you can discuss the numerous advantages of trading on the currency market and all aspects of online trading on MetaTrader4 and MetaTrader5 platforms.

Forex Forum Nigeria – Trading discussions
Every forumite can join a discussion of various issues, including those related to Forex but not limited to. The forum has been designed for sharing opinions and helpful information and is open for both professionals and beginners. Mutual assistance and tolerance are highly appreciated. If you would like to share you experience with others or deepen your knowledge of trading craft, you are most welcome to the forum threads dedicated to trading discussions.

Forex Forum Nigeria – Dialogue between brokers and traders (about brokers)
In order to be successful on Forex, it is crucial to choose a brokerage company with due diligence. Make sure you broker is really reliable! Thus you will be impervious to many risks and will make profitable trades on Forex. On the forum a rating of brokers is represented; it is based on comments left by their customers. Post your opinion about the brokerage company you work with, it will help other traders avoid mistakes and choose a good broker.

Unleashed communication on Forex Forum Nigeria
On this forum you can talk about not only trading issues, but any other topics you like. Offtopping is allowed in a special thread too! Humour, philosophy, social problems or practical wisdom – converse about anything you are interested in, including forex trading if you like!

Bonuses for communication on Forex Forum Nigeria
Those who post messages on the forum can receive money bonuses and use them for trading on an account of a forum sponsor. The forum is not meant for gaining profit; however forumites can get these small bonuses as reward for the time spent on the forum and sharing views on the currency market and trading.