WHY DO I NEED THESE APPS?
This is a wallet that you will need to purchase and send bitcoin to your broker. You will be making deposits and withdrawals by bitcoin only. If you need help setting up a COINBASE account, please checkout the video below:
Setting up a COINBASE account:
You will need this app to place your trade after you receive your alert from BCI. Please check out the video below on how to place a trade in METATRADER 4:
How to place a trade:
You will need this app to understand your lot sizes and how much you are trading per pip. Please check out the video below to understand how to use the PIP CALCULATOR:
How to use the Pip Calculator:
BROKERS WE RECOMMEND:
WHY YOU NEED A BROKER: A forex brokerage offers you a way to get into the mix with the banking network and purchase a currency pair to hold in an easy manner. Before there were forex brokers, people wishing to trade in foreign currency needed to have a large amount of money and a special relationship with a bank to buy foreign currencies.
NEED TO KNOW: You only need to sign up for ONE broker. When signing up, make sure you choose (500:1) leverage.
WHAT IS LEVERAGE: Leverage involves borrowing a certain amount of the money needed to invest in something. In the case of forex, money is usually borrowed from a broker. Forex trading does offer high leverage in the sense that for an initial margin requirement, a trader can build up—and control—a huge amount of money.