What Is An Initial Coin Offering?

What is an Initial Coin Offering? What is it for and how do I make use of it? How safe is it for someone to get involved in the process? These are the kind of questions that people are asking themselves all the time and we are going to try to explain all of this in the simplest way possible. The most important thing is to understand the basics as this gets progressively complex as you continue to dig into the subject. It can be complex, but the core of the concept is simple enough to give you an initial idea and grasp on the subject.

Learn more: How to Buy Cryptocurrencies: Buying Cryptocurrency Safely With a Credit Card

What is an ICO?

The acronym that stands for Initial Coin Offering, that is to say, the initial offer of a new crypto currency to the public. The acronym ICO is still on that is not known by the average person who is starting to learn about cryptocurrency, but in simple terms the ICO is a funding system that is used by blockchain companies to obtain funds and give value to the digital coins they use in their services or applications. The investors buy tokens and then they can be used to interact and use the application of the Blockchain company.

You could see this as something similar to the process of public sales, companies organize a pre ICO system. The ICO begins at a certain date, and it is made available for a certain period of time. Each ICO is going to have a maximum and a minimum number of tokens to sell. The minimum is the contribution necessary for the project to be viable, and the maximum is going to be when all the tokens available end up being sold.

The process of financing a cryptocurrency

The ICO is meant to finance a new cryptocurrency, this process was also used for other coins such as Bitcoin or Ethereum. We have already mentioned these coins in the past quite a few times. Virtual tokens are scarce, protected by cryptography, and this gives them extra value due to their scarcity and demand. These virtual coins serve the purpose of being used for payment or for savings and this makes them extremely desirable.

Final thoughts

Now that you have the basic knowledge on what ICO is, you should remember that all of the current popular coins out there started out with this process. This is important because it will determine the initial value of a coin and this is going to have a huge impact on the future of said coin. It’s important to go deeper into the subject if you want to be able to understand why the initial coin offering is such a valuable and important part of the process. 

One of the most common problems is that people hear so many mixed reviews about cryptocurrency and networks related to these digital coins that they start to become fearful of what could happen because of this. That is the reason why it’s so important for people to take the time to learn as much as they can so they won’t take a blind dive into this process.

3 Tips for Choosing the Best Forex Signal Service

Setting up your first Forex brokerage account and then shopping around for forex signal providers can be an exciting time for newbies. But for other traders who have encountered disappointment in using forex signals, it can be easy to become skeptical of all forex signal services. 

But regardless of your personal experience, trading signals do have the ability generate profit and equity growth for your trading account. 

This quick article details a few important factors you want to look at when examining your next potential signal provider. 

Age 

It takes a highly experienced trader who has worked on their craft for years before they’re able to consistently turn a profit. Anyone can get lucky and go on a winning streak every now and again, which is inevitably followed a losing streak, but it takes time to develop the skill set of a seasoned trader. 

Therefore, the first thing you want to look at when choosing a forex signal provider is the age of their account. How old is their website? Does the service offer any verifiable proof that they’ve been trading as long as they claim? 

It’s ideal to find a signal provider who has been offering their services for at least three years. This will give you enough time to assess their consistency over a long stretch of time. 

Money Management 

Some unscrupulous forex signal providers will actually use a ‘cent’ account to place their trades. A cent account allows you to trade in very small dollar amounts, presenting very little risk. If you’re copying the trades of someone who is using a cent account, you’re in trouble. 

To determine if you’re following someone using a cent account or real account, watch the forex signal provider’s equity line, assuming they’re tracking their trades with a third-party software service like MyFxBook. 

If their equity line is balanced and follows a believable trajectory, then you can almost be certain that they’re using appropriate lot sizes, which means they’re using a real trading account. Looking into the signal provider’s trade history, including lot sizes and finding out if they scale in or out of positions, are important in assessing their money management skills, not just how much profit and wins they generate. 

Broker 

This seems like common sense, but it’s often overlooked by traders using a signal service. Since forex brokers tend to be very different from one another, it’s a good idea to try and use the same broker used by the signal provider. This helps make sure things like slippage, spreads, and execution speeds will not severely impact your bottom line. 

By using a different broker, you run the risk of missing key target levels and in the end, more losing trades. So, if you’ve found a list of strong signal candidates, try to choose the provider who uses the same trading broker and platform as yourself, assuming they also meet the criteria above. 

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The signals that are produced by the EliteSignal are analyzed technically for the betterment of the traders. 

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The responsible signals of EliteSignal can supply you a number of important thoughts to build up trading opportunities throughout outstanding technical study. 

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