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100 steps on how to make money online Forex editon
1. DECIDE HOW YOU'D LIKE TO TRADE FOREX
A lot of forex trading takes place between major banks and financial institutions, which buy and sell massive amounts of currency every single day. For individual traders who don’t have the means to make billion-dollar forex trades, though, there are two main ways to get involved: spot forex or trading forex via a broker.
SPOT FOREX TRADING
A spot forex position is a way to trade on currency price movements that involves forecasting the direction in which a forex pair’s price is headed. The further it moves in that direction, the greater your profit. The further it moves in the opposite direction, the more you lose. The actual amount that you make or lose is determined by the size of your trade.
All spot forex trades take advantage of leverage. Leverage allows traders to get exposure to large amounts of currency without having to pay the full value of their trade upfront. Instead, you only put down a deposit known as margin.
LEVERAGE EXAMPLE
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The amount you gain or lose will still be calculated based on the full size of your position, though. So your profits and losses can be far greater than the amount you put down to open the trade, and your losses can sometimes even exceed your initial deposit.
Find out more about how a spot forex trade works.
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FOREX TRADING VIA A BROKER
Forex trading via a broker – or sometimes via a bank – works in a broadly similar way to retail trading. You’re speculating on the price movements of currency pairs without actually taking ownership of the currencies themselves. If you think a currency pair’s price is headed down, you can go short instead of long.
2. LEARN HOW THE FOREX MARKET WORKS
One of the first things to learn when you want to trade currencies is how the forex market operates, which is very different to exchange-based systems such as stocks or futures.
Instead of buying and selling currencies on a centralized exchange, forex is bought and sold via a network of banks. This is called an over-the-counter, or OTC, market. It works because those banks act as market makers—offering a bid price to buy a particular currency pair and an offer price to sell a forex pair.
GLOBAL TRADING CENTERS
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Forex trading happens all around the world, and the biggest trading centers are New York, London, Tokyo and Sydney. This is why currency pairs are available to trade 24 hours a day. When the Asian session ends, the European one begins; when the European one ends, trading starts up in North America.
TRADING VIA FOREX PROVIDERS
Most retail traders, though, won’t buy and sell forex directly with one of the major banks – they’ll use a forex trading provider, such as tastyfx. Forex trading providers deal with the banks on your behalf, finding the best available prices and adding on their own market spread.
3. OPEN A TASTYFX TRADING ACCOUNT
If you want to trade spot forex, you’ll need an account with a leveraged trading provider. You can open a tastyfx forex account in minutes, and there’s no obligation to add funds until you want to place a trade.
4. BUILD A TRADING PLAN
This is particularly important if you’re new to the markets. A trading plan helps take the emotion out of your decision-making as well as provide some structure for when you open and close your positions. You might also want to consider employing a forex trading strategy, which governs how you find opportunity in the market.
Once you have chosen a particular forex trading strategy, it’s time to apply it. Use your favorite technical analysis tools on the markets you want to trade and decide what your first trade should be.
Even if you want to be a purely technical trader, you might also pay attention to economic developments that look likely to cause volatility. Upcoming economic announcements or data releases, for instance, might well reverberate across the forex markets – something your technical analysis might not consider.
5. CHOOSE YOUR FOREX TRADING PLATFORM
The right platform will enable you to both react quickly when you spot an opportunity and trade seamlessly whether you’re at your desk or on the move.
Our intuitive trading platforms can provide a smart and fast way to trade forex. You can trade via the tastyfx trading platform on:
Your web browser
Our mobile app
Advanced third-party platforms like MT4
Each of our forex trading platforms can be personalized to suit your trading style and preferences with personalized alerts, interactive charts and risk management tools.
6. OPEN, MONITOR AND CLOSE YOUR FIRST POSITION
Once you have chosen your platform and funded your account, you can start trading. Open the trade ticket for your selected market, and you’ll see both a buy and a sell price listed. You’ll also be able to decide the size of your position and add any stop-losses or take-profits that will close your trade once it reaches a certain level.

Hit buy to open a long position or sell to open a short position. When you’ve decided it’s time to close your position, just make the opposite trade or press close from the positions tab.
FOREX TRADING EXAMPLE
All forex trading works in a fundamentally similar way – you take advantage of the movement of one currency against another in a pair, earning a profit if you predict the pair’s movement correctly and incurring a loss if you don’t.
Find out more about trading forex at tastyfx with our trade example below.
TRADE EXAMPLE: BUYING EUR/USD
Suppose EUR/USD is trading at 1.11280, with a buy price of 1.11284 and a sell price of 1.11276, giving it a spread of 0.8 pips. You think that the euro is set to gain value against the dollar, so you decide to buy the market at 1.11284.
The size of the position is measured in lots, with each lot equal to 100,000 of the first currency (the base currency) in the pair. In this case, buying a single lot of EUR/USD is the equivalent of trading €100,000 for $111,284. You decide to buy three, giving you a total position size of $333,852. This means you’ll earn (or lose) $30 for every pip of movement (0.0001 USD/EUR). This is called your pip value.
Forex trading is a leveraged product, so you don’t have to pay the full value of your position upfront. EUR/USD has a margin factor of 2%, so you only have to commit $6677.04 – or €6000 – as margin.
100 steps on how to make money online Blum
Blum is one of the few Telegram mini-apps that gathered an immense auditory over the last couple of months. However, Blum has something other projects do not — a working product.

In this article, we’ll give you all the information you might need to understand what Blum is and how it works.
Enjoy!
What is Blum?
Blum is a hybrid crypto exchange. It combines centralized and decentralised exchange features into a simple, user-friendly Telegram mini-app. With Blum, users can trade derivatives, access tokens across over 30 blockchains, and engage with crypto easily from their phones.
As a Blum user, you can also farm Blum Points by completing interactive tasks like missions and inviting friends. These points may be traded for rewards and boosts in the future, adding a fun, engaging layer to the exchange.
This works great for attracting new customers who have never used cryptocurrency. Blum’s CEO stated that, as of September 2024, more than 50% of all Blum users are not crypto natives.
Blum supports major chains like Ethereum, Tron, Solana, and Polygon, giving users access to a wide range of cryptocurrencies, from Bitcoin and Ethereum to memecoins.
Blum’s Core Exchange Features
Blum’s core exchange offers four standout features that aim to simplify and enhance the crypto trading experience. Let’s review each one of them:
- Universal token access: Blum offers access to a wide range of tokens, catering to both seasoned traders and newcomers. It ensures users can trade popular coins like Bitcoin and Ether, as well as lesser-known crypto options.
- Simplified derivatives trading: Blum provides an easy approach to derivatives trading, including perpetuals, options, futures on NFTs, and pre-market tokens. It aims to make complex trading strategies, like leverage and hedging, accessible within the Telegram ecosystem.
- P2P fiat trading: Blum integrates peer-to-peer fiat trading, allowing users to buy and sell crypto using local currencies. This feature connects buyers and sellers directly, often at more competitive rates than traditional methods.
- Blum points farming: The platform offers a gamified experience where users can earn Blum Points by engaging in the mini-app’s drop game and completing tasks. These points can be exchanged for rewards within the Blum ecosystem, enhancing user engagement.
Why Is Blum So Popular?
Blum’s popularity stems from several key reasons. First, its connection to Binance has attracted significant attention. As a participant in Binance’s Most Valuable Builder (MVB) accelerator program, Blum has gained credibility and access to valuable resources. This association, along with its team of former Binance executives, enhances Blum’s reputation and potential for growth.
Next, Blum’s integration with Telegram makes it highly accessible. Users don’t need to download a separate app, as they can trade directly from their Telegram interface. This seamless integration leverages Telegram’s vast user base, making it easier for crypto newcomers to start trading in a familiar environment.
Lastly, Blum’s hybrid exchange model stands out. Unlike traditional exchanges, Blum doesn’t hold your crypto. Instead, it matches buyers and sellers through an off-chain order book, ensuring faster transaction speeds.
The actual trade settlements occur on-chain, providing transparency and security. This innovative approach addresses a common issue in the crypto space, making Blum more appealing to users who value both speed and security.
Blum Token and Airdrop
The Blum Token and airdrop event are designed to reward active participants in the Blum ecosystem. You can earn Blum Points by farming, completing tasks, and inviting friends. These points might be redeemable for boosts and other rewards within the app in the future.
To start farming Blum Points, register via the Blum Telegram bot using your email invitation link. Once registered, click the “farm” button to earn points, which can be claimed every eight hours. Regularly interact with the bot and complete tasks to increase your points. You can also follow Blum on social media for more opportunities.
The Blum airdrop campaign began in June 2024. To participate, access the Blum Crypto Bot on Telegram, then join the Drop game to collect points. Engage with the clicker game multiple times daily, earning points every eight hours. Complete social tasks, share content, and invite friends to boost your points. You earn 10% of your friends’ points and an extra 2.5% from their referrals.
By following these steps and actively engaging with the Blum Crypto Bot, you can maximise your points and be eligible to claim $BLUM tokens during the airdrop. Stay engaged to make the most of this opportunity!
Conclusion
Blum is an innovative crypto platform designed for Millennials and Gen Z. Its user-focused features and transparent approach set it apart in the market.
By engaging with the platform and farming Blum Points, users can benefit from future rewards. Stay active and informed to make the most of Blum’s potential.
100 steps on how to make money online @Web3 lovers
Web3 (also known as Web 3.0)[1][2][3] is an idea for a new iteration of the World Wide Web which incorporates concepts such as decentralization, blockchain technologies, and token-based economics.[4] This is distinct from Tim Berners-Lee's concept of the Semantic Web. Some technologists and journalists have contrasted it with Web 2.0, in which they say user-generated content is controlled by a small group of companies referred to as Big Tech.[5] The term "web3" was coined in 2014 by Ethereumco-founder Gavin Wood, and the idea gained interest in 2021 from cryptocurrency enthusiasts, large technology companies, and venture capital firms.[5][6] The concepts of web3 were first represented in 2013.[7][8]
Critics have expressed concerns over the centralization of wealth to a small group of investors and individuals,[9] or a loss of privacy due to more expansive data collection.[10]Billionaires like Elon Musk and Jack Dorsey have argued that web3 only serves as a buzzword or marketing term.[11]
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Blum is one of the few Telegram mini-apps that gathered an immense auditory over the last couple of months. However, Blum has something ot...