Whether you are a cryptocurrency believer or a cryptocurrency skeptic, it doesn’t really matter as cryptocurrency is here to stay. In this video, we go through the history of money, how it was created and why we believe it has value (FIAT currency). Understanding this concept (FIAT currency) helps to understand that digital currencies like Bitcoin (BTC or BTCUSD), Ethereum (ETH or ETHUSD), Litecoin (LTC or LTCUSD), Cardano (ADA or ADAUSD), Solana (SOL or SOLUSD) and other cryptocurrencies. These are all tradable assets and need to be paired together properly, just like a forex (foreign exchange) trade. Cryptocurrencies like Bitcoin (BTC or BTCUSD), Ethereum (ETH or ETHUSD), Litecoin (LTC or LTCUSD), Cardano (ADA or ADAUSD), Solana (SOL or SOLUSD) are just as tradable as stocks, bonds, metals and commodities.
At Maverick Currencies, we recognize that all traders are different and there is no “one size fits all” approach to forex and cryptocurrency trading. However, we want all of our cryptocurrency and forex traders to approach trading with the right attitudes, expectations and mindset and obtain the skills of a professional crypto and forex trader. There are many pitfalls in trading that can be minimized or avoided altogether if a trader goes into the profession with the right mindset and the right skills of a professional trader.
Chapters:
0:00 Intro
1:13 What is Money?
3:03 Currency History
7:13 FIAT Currency
14:13 Digital Currency
16:22 Cryptocurrency
18:42 The Blockchain
25:52 Crypto Terminology
29:12 Crypto Crosses
30:15 Crypto Exchanges
32:16 Price Discovery
38:01 Trade Example
41:11 Reveiw
If you liked the contents of this video and want to learn more about trading the firm’s capital, please click on one of the following links:
To learn more about trading in the firm’s Stock/Options Division, go to: https://mavericktrading.com/application-3-a/?utm_source=YouTube
To learn more about trading in the firm’s FX/Crypto Division, go to: https://maverickcurrencies.com/application-3-a/?utm_source=YouTube
If you simply want to learn more about proprietary trading, please view our White Paper at: https://mavericktrading.com/what-is-proprietary-trading/
