Technology gives everyone the opportunity to trade cryptocurrency online.

When it comes to technology, it can often feel that by the time we hear about something, it’s already too late to get ourselves involved. Indeed, sometimes this can be true. Those who invested early in Bitcoin are now seeing huge payouts, sometimes 1000x what they invested. Whereas to get involved now wouldn’t be nearly as lucrative. But there are some trends in tech that are open at any time for anyone to get involved with. One of these is trading online. While the currencies you may trade and the companies’ stocks may have been around forever, each day is a new day in trading and could be the day that you make a name for yourself as a trader. But how can you be a good trader online at this stage?

Those who invested early in Bitcoin are now seeing huge payouts, sometimes 1000x what they invested. Whereas to get involved now wouldn’t be nearly as lucrative
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Do Your Research

Due diligence is the key to being a good trader. Spending hours poring over trading forecasts and past trading information could help you see patterns and anticipate what comes next. Even when the market throws you a curveball, it’s still better to be prepared to deal with it than to trade blindly. Researching the current climate of economics is also important. You don’t need to know the intricacies of every country’s currency, but you do need to be able to back up decisions you make in your trades. There is no such thing as having too much information when it comes to making trades or investments in general.

When the market throws you a curveball, it's better to be prepared to deal with it than to trade blindly
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Find a Platform

There are plenty of websites for those who are less familiar with trading and want to be guided more at the start. These kinds of platforms allow you to buy stocks and to view trading information, which is critical for embarking on any trade. While the future may be uncertain, we can definitely learn from the past, especially when it comes to seasonal trends in forex and stocks. Using a platform isn’t just for those who are beginning their trading journey as the services they offer are also suitable for more seasoned traders.

While the future may be uncertain, we can definitely learn from the past, especially when it comes to seasonal trends in forex and stocks
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Take a Chance

One of the best lessons you can learn when you begin trading is that sometimes you just have to take a chance. While research is good, focusing too much on what it tells you could lead to paralysis by analysis. The act of trading sometimes comes down to taking risks and hoping they pay off. While it’s important to have a plan in place to see how expensive your risks can be, most great traders will tell you that you can often learn better from mistakes or failures than through success. Indeed, trading is all about making decisions on information, but in the microsecond that the trade is made, the information could be out of date or incorrect. Sometimes just taking the risk and hoping it pays off is the best strategy.

While research is good, focusing too much on what it tells you could lead to paralysis by analysis
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It’s definitely not too late to get into the trend of trading and by doing your research, using the right platform, and being able to take risks, you’ll soon know whether you are cut out for the lifestyle that comes with being a trader.

Tom Atkinson is a Digital Producer & Photographer at R3Digital and Reviews & Dept. Editor at Tech Trends. Connect on LinkedIn and follow him on Twitter @R3Digital

The post Is It Too Late to Get Into Trading? appeared first on Tech Trends.

Blockchain technology and cryptocurrencies are here to stay, but we’re yet to develop the systems we need to make them work on a global scale.

Blockchain technology will have a world-changing impact, in the same way the Internet did thirty years ago
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Cryptocurrencies have caused a bit of a stir recently but are rapidly recovering from the well-publicised slump early this year. Despite scepticism and some pointed criticisms from central banks and traditional investors, cryptos are attracting serious interest from global financial institutions.

Cryptos are set to continue to be a major disrupting force in the global financial system
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Cryptos are set to continue to be a major disrupting force in the global financial system, so Tech Trends met up with Francisco Portillejo Hoyos for an insider perspective on what to expect next. Hoyos is the CEO of Cryptalgo, a Swiss algotrading and crypto brokerage company, and he helps us make sense of the confusing cryptocurrency landscape and what will be filling our wallets, digital or otherwise, in the future.

While the dollar value of Bitcoin and other coins have depreciated from the January peak, prices have basically returned to their end of 2017 levels. Governments and Regulators are still learning how to best protect investors’ interests and introduce the right trading tools that will breed confidence among traders. Many believe that the leading financial jurisdictions, including the US, UK, South Korea, Japan, and China, will introduce regulatory schemes and frameworks that will remove the uncertainty and will fuel the crypto markets’ growth. He explained.

CEO of Cryptalgo – Francisco Portillejo Hoyos

Elysium Technology Group and Cryptalgo promises a solution to the problems of a fractured crypto market
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A major announcement of a new partnership between leading US innovators in foreign exchange and futures trading solutions, Elysium Technology Group and Cryptalgo promises a solution to the problems of a fractured crypto market and offers a one-stop shop and safe, easy access point into this emerging new world of finance.

Cryptalgo provides financial institutions with a swift entry into cryptocurrencies without the need to invest capital in developing their own secure and efficient platforms. From real-time quotes and aggregated liquidity, to best trade execution and global arbitrage algotrading, we are introducing a best in class, highly secure global cryptocurrency trading platform. All built to the exacting requirements and standards of financial institutions.

The combination of this ecosystem and a regulated environment will turn cryptocurrencies into a mainstream and fast-growing asset class
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Chairman of Elysium Technology Group, Andrew Siciliano also believes now is the time to begin offering crypto investment solutions to their established client base;

“New trading platforms like this promote confidence in these disruptive new markets, he says. “Cryptalgo has the knowhow, experience, and execution platform complementing the Elysium offering. The partnership will deliver a comprehensive, high-end cryptocurrency trading solution for our clients.”

We are witnessing significant investments made by very credible funds and companies into blockchain and crypto companies
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“The combination of this ecosystem and a regulated environment will turn cryptocurrencies into a mainstream and fast-growing asset class,” added Hoyos. “We are witnessing significant investments made by very credible funds and companies into blockchain and crypto companies, and we’re delighted that Elysium, the market leader in FX post-trading platforms, has chosen to partner with Cryptalgo as it looks to extend its offering into cryptocurrency trading.”

Tech Trends predicts we will start seeing more of a trickle-down effect where cryptocurrencies become a more viable option for ordinary people. OK, anyone can technically already buy cryptos such as Bitcoin and Ethereum and spend them at thousands of outlets on the web and even some physical stores, but I don’t think it is rude to say that, right now, only super-geeks and tech enthusiasts have really bought into the system properly. That’s changing fast though, and soon you too might be filling up the tank on Ethereum and grocery shopping with Bitcoin!

Current estimations predict that the value of the entire cryptocurrency market will reach $1 trillion in 2018
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Image by MichaelWuensch from Pixabay

Current estimations predict that the value of the entire cryptocurrency market will reach $1 trillion in 2018, with crypto the fastest growing asset class to date. However, it is a still a bit Wild West out there as Hoyos explained;

Despite the crypto ecosystem evolving at a rapid pace, it is still in its infancy. This nascent market has deep inefficiencies. The market participants are spread across the globe, fragmented, disconnected and lack standardization. If one or more coins emerge both as a reliable store of value (immune to hacking) and an efficient means of exchange (capable of handling very large transaction volumes in a very short time), then the banking sector as we know it will be fundamentally transformed.

In response to that problem, Cryptalgo has developed the ‘Galaxy’, a highly secure global backbone that interconnects with multiple exchanges. It’s an institutional-grade global infrastructure that interconnects with crypto exchanges via a network of global servers that are placed in proximity to the exchanges around the world.

Andrew expanded; Moneymaking opportunities come and go very quickly. We believe this will be the same in cryptocurrency trading. Institutions need trading solutions that they are familiar with; that feature “Best prices” and “Best Execution”. This cannot be achieved without speedy access to the entire global crypto market. Institutions not only need to get the best pricing on very large orders, but they also need methods for preventing market shifts when placing such orders. This means they cannot rely on a quote from a single crypto exchange or an execution of a trade transaction. They require strong compliance standards, stringent cyber-security measures and other high-end tools – all of which Cryptalgo is developing.

Institutions not only need to get the best pricing on very large orders, but methods for preventing market shifts when placing such orders
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Should you consider cryptocurrency as an investment vehicle?

Although there is no certainty about their future prices, cryptocurrencies are a new type of asset. The question is whether you should consider it for inclusion in your investment portfolio.

There are many reasons why Bitcoin may be a good investment. One of them is its deflationary model. Take the US dollar as an example; Its supply increases more and more every year. And although the same might be true of Bitcoin at the moment, there will be less of the cryptocurrency mined every 4 years, and its supply is actually finite – meaning that after all the Bitcoins are mined, the supply will remain fixed forever after.

There are many potential disadvantages to investing in cryptocurrency, the most important one being its volatility. Therefore, if you're looking to dip your toes in, make sure to start small.
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Stabilising and expanding the high-end of the crypto trading should hopefully provide increased stability for the currencies and global markets, nurturing and growing their potential while making them more secure for those using them day-to-day. Hoyos sees huge potential in decentralised crypto and a future where national currencies might disappear altogether.

It is possible that in twenty years’ time, bank accounts will have disappeared because we will be able to store our money in private wallets on the blockchain. Blockchain technology will have a world-changing impact, in the same way the Internet did thirty years ago. We believe that cryptocurrencies will be fully regulated and mainstream. They will be offered by all the financial institutions using their institutional-grade trading and investment tools, featuring tens of thousands of coins and with an aggregated market cap of trillions of dollars.

It is possible that in twenty years’ time, bank accounts will have disappeared because we will be able to store our money in private wallets on the blockchain
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Tom Atkinson is a Digital Producer & Photographer at R3Digital and Reviews & Dept. Editor at Tech Trends. Connect on LinkedIn and follow him on Twitter @R3Digital

The post A Crypto Future appeared first on Tech Trends.