Hikmah Wealth

“Investing is high-risk and there’s no guarantee of protection. Please review our  risk warning. These fund options are only available for accredited investors.”

Cryptocurrencies

Cryptocurrency trading involves the buying and selling of digital currencies through online platforms and exchanges. These digital currencies are secured by cryptography and operate on decentralised technology known as blockchain.

TYPES OF CRYPTOCURRENCIES :

 

      • Bitcoin and Altcoins: Bitcoin was the first cryptocurrency, and it opened the door for many other digital currencies called altcoins (alternative coins).
      • Utility Tokens: Some cryptocurrencies are used to access specific features or services within a blockchain platform. They act like tokens to access a digital ecosystem.
      • Stablecoins: These are designed to have stable values, often pegged to real-world assets like the US Dollar. They offer a way to avoid the volatility commonly associated with other cryptocurrencies.
      • Privacy Coins: These focus on providing enhanced privacy and anonymity for users’ transactions.

Benefits of Cryptocurrencies

Decentralisation

Not controlled by any single entity like a government or bank.

Global Accessibility

Can be accessed and used by anyone with an internet connection.

Reduced Costs

Transactions can have lower fees compared to traditional financial systems.

Security

Strong cryptography to secure transactions & highly resistant to fraud and hacking.

Ownership and Control

Have direct ownership and control over their digital assets.

Privacy

Allowing users to make transactions without revealing their identities.

TIPS OF TRADING CURRENCIES PAIRS :

 

  • Start with Major Pairs: Begin with liquid pairs like EUR/USD or USD/JPY as a newcomer.
  • Analyze Fundamentals and Technicals: Study both news and charts to understand currency movements.
  • Leverage Caution: Use leverage wisely to avoid account wipeouts.
  • Craft a Strategy: Develop a clear trading plan for consistent decisions.
  • Time Frame Alignment: Choose a trading style that suits your schedule – swing, day, or scalping.
  • Learn from Mistakes: Read about common trading errors to stay disciplined.
  • Forecast Awareness: Use free trading forecasts for insights into major pairs.
  • Stay Informed: Regularly follow market news and technical analysis.
  • Keep a Journal: Track trades in a journal for ongoing improvement.

Why trade Cryptocurrency with Hikmah

Unlock Cryptocurrencies trading world with Hikmah.

Securing Investments

Wise traders prioritise security. This includes using reputable exchanges, setting up two-factor authentication, and considering secure wallets to store your cryptocurrencies.

Ethical Considerations

Trading with us also includes ethical considerations. Engaging in responsible trading practices and supporting projects aligned with your values contribute.

Mindful Trading

We encourages mindful trading, where emotions are kept in check. This can prevent impulsive decisions driven by fear or greed.

FAQ

Explore the forex market with us

What is Cryptocurrency?

Cryptocurrency is a digital or virtual form of money that uses cryptography for secure transactions and operates on decentralised technology called blockchain.

What is Blockchain?

Blockchain is a technology that records all cryptocurrency transactions in a secure and transparent way. It's like a digital ledger that can't be easily changed.

What's Bitcoin?

Bitcoin is the first and most well-known cryptocurrency. It's often referred to as digital gold and is used for transactions and investments.

What's the Difference Between Public and Private Keys?

A public key is like your digital address where people can send you cryptocurrency. A private key is like your secret password that you should never share, as it gives access to your funds.

What's the Future of Cryptocurrency?

The future of cryptocurrency involves technological advancements, increased adoption, and potential changes in regulations. It's an evolving field with many possibilities.