ERG Trading (Eagle Rock Global Trading), a subsidiary company of the Eagle Rock Global, is a financial investment consultancy which majors in the lucrative cryptocurrency market. Besides
the cryptocurrency market, ERG Trading also deals with other financial disciplines such as real
estates and forex.
The mother company for ERG Trading is a simple investment that aims at a proft ranging from
6 to 15% per month. It has heavily invested in fve felds of the 4.0 industry. Above all, trading
is one of the proftable investments ERG invests in.
Unlike other projects, ERG does business based on Bitcoin, Ethereum between the exchanges.
Since there are a lot of trading platforms available all over the globe, this market tends to be
quite large. Additionally, there are no projects that conduct business this way thus, it is a real
breakthrough. More so, the ERG will have the opportunity to open other trading platforms such
as ETH and Bitcoin, bringing magnifcent earnings for both frms and investors.
As a serious trader, the most essential skill that you need to master is the ability to study the market. Normally, the graphs move regularly. In this industry of Cryptocurrency, even a short interval can bring a signifcant difference.
The program is made up of impulses and corrections.
Usually, an impulse is a changing downward or upward shift which is stronger than
the initial maximum or minimum. Correction is a shift of the graph within a particular impulse. Compared to an impulse, correction is smaller. For you to describe
price movements of a coin, you will need to check the chart at various intervals.
These can be 1 hour, 4 hours, and day. If you lack these experiences, you will have
a big chance to purchase the highs and trade them with a loss.
Sincerely speaking, the cryptocurrency market is very volatile, and it is pretty hard to keep the record of everything. This challenge can be somewhat solved by training and by robots. Master how to examine and interpret the market and don’t pay attention to the tokens “for good luck”. In some cases, it is possible to purchase to buy cryptocurrency at a reasonably high price. You can skip, for instance, that big stock exchanges purpose to delist it. This will minimize the charge; therefore the purchase will be proftless.
Oftentimes, emotions are in ambivalence with logic. It is necessary to make your own trading plan and observe the complexities of the stock, you need to assess and make decisions quickly. As a matter of fact, robots cope with it adequately than humans. Euphoria, panic, irritation, hope are critical. They bring damages to a trader or sometimes lead to the loss of the collateral, they do not provide to take a serious look at the circumstances. Emotions control traders and they raise their losses, do not take interests on time, and open purposely bad trades.
Created in 2009, Bitcoin is considered to be the most popular cryptocurrency. Bitcoin uses peer-to-peer technology for decentralized control, allowing it to operate without any central authorities or banks.
In 2011, the Litecoin was created as a nearly identical cryptocurrency to Bitcoin but with faster processing speed, thanks to its adoption of the Segregated Witness and Lightning Network and other improvements.
Ethereum, though younger by two years, has surpassed Litecoin in popularity and is now the most used cryptocurrency behind Bitcoin. Ethereum also boasts faster processing speeds thanks to smart contracts, digital "if-then" agreements.
The price of the cryptos relies on the news. Most traders forget about it, particularly if they apply technical examination while trading. It is essential to apply basic
analysis in cryptocurrency trading combined with technical analysis.
This blunder is not common. Some cryptocurrency traders forget about it, although
they may understand the signifcance of following the news. Well, every instant
in the cryptocurrency business may bring intense price fluctuations or change the
drift direction.
Accordingly, it is necessary to come up with a new way of monitoring news portals.
The recurrence of monitoring depends on your cryptocurrency trading strategy. It
is considered that you can advance your skills within 21 days. Establish a reminder
and get some time to study every day. You can also subscribe to some newsletters.
In margin trading, you will borrow buying and selling power in exchange for allocation of a part of your funds (the margin) which will only be accessible again after a trade, when you return the capital you borrowed.
Leverage trading, on the other hand, allows you to trade an amount that you don’t have. Crypto trading services normally offer a leverage of 1:10. This means that for every dollar you have, you get 10 dollars of buying power. This means bother higher risk and higher potential reward.
NatureForex offers Bitcoin, Litecoin, and Ethereum CFDs that lets you trade cryptocurrency without owning coins. Crypto CFDs are contracts between buyers and sellers, wherein sellers pay buyers the difference between the current value of crypto assets and their value at the end of the contracts.
Crypto CFDs, though more costly and are less private, offers credibility and simplicity of use for traders who aspire to make money off cryptocurrencies.
Cryptocurrencies allow traders to diversify their investment portfolio, as their price is mainly determined by demand and supply; Their value has a low correlation to national economies or political scenarios. Once Bitcoin surpassed the price of gold in 2017, US markets introduced 2 ETFs on Bitcoin and drew more and more institutional money into the world of cryptocurrencies. In 2017, Indian PM Narendra Modi has announced the gradual replacement of paper currency with electronic currency; In March 2018, the Marshall Islands announced that they would be introducing a cryptocurrency to replace US dollars as their main currency; other central banks are investigating the adoption of blockchain-like technologies… in short cryptocurrencies are probably here to stay. A growing number of crypto investors all over the world have already discovered the benefits:
Bitcoin trading is exciting because of Bitcoin’s price movements, global nature, and 24/7 trading. It’s important, however, to understand the many risks that come with trading Bitcoin.
Leaving Money on an Exchange
Perhaps one of the most famous events in Bitcoin’s history is the collapse of Mt. Gox. In Bitcoin’s early days, Gox was the largest Bitcoin exchange and the easiest way to buy bitcoins. Customers from all over the world were happy to wire money to Mt. Gox’s Japanese bank account just to get their hands on some bitcoins. Many users forgot one of the most important features of Bitcoin—controlling your own money—and left more than 800,000 bitcoins in Gox accounts. In February 2014, Gox halted withdrawals and customers were unable to withdrawal their funds. The company’s CEO claimed that the majority of bitcoins were lost due to a bug in the Bitcoin software. Customers still have not received any of their funds from Gox accounts. Gox’s catastrophic collapse highlights the risk that any trader takes by leaving money on an exchange. Using a regulated Bitcoin exchange like Kraken can decrease your risk.
Your Capital is at Risk
Remember that as with any type of trading, your capital is at risk. New traders should start trading with small amounts or trade on paper to practice. Beginners should also learn Bitcoin trading strategies and understand market signals
