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FAQs
Frequently Asked Questions about Forex and Bitcoin Trading Signals
What is a Forex Trading Signal ?
A Forex trade signal is an alert for entering a trade. This alert is generated by a human analyst or an automated system. A proper trading signal includes (i) the price, (ii) the time, (iii) the take-profit level, and (iv) the stop-loss level.
What are Cryptocurrencies ?
Cryptocurrencies are virtual (digital) currencies that operate as a decentralized network using cryptography to secure all transactions and a public ledger called the Blockchain. The ecosystem of cryptocurrencies includes coins and tokens.
How Traders Receive Trading Signals ?
Manual trading signals are delivered via SMS, email, Twitter, Sound, or Visual Alerts. Automated trading signals are delivered via a Trade Copier directly to a Trading Platform, or by using an Expert Advisor (Forex Robot).
How Do Cryptocurrency Transactions Work ?
Everyone can send or receive cryptocurrency from a crypto-wallet. A Bitcoin wallet is a software used to store, manage, and transfer Bitcoins and other crypto-coins. Every transaction is linked to a digital signature and it is publicly shared on the cryptocurrency’s network.
What is an Expert Advisor (EA) and a Trade Copier?
An Expert Advisor (EA) is a piece of software that plugs-in a trading platform (MT4, MT5, etc.) and executes trades without any human intervention. A trade copier, on the other hand, is a mirroring software copying trades through different accounts.
How Can a Trader Buy Cryptocurrencies ?
Traders can buy/sell cryptocurrencies locally (Bitcoin Teller Machines or LocalBitcoins) or online via a Bitcoin Exchange. Most cryptocurrency exchanges offer Bank Wire, and additionally Credit/Debit Cards, Neteller, Paypal, Neteller, etc.