Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.
What is Forex ?
With money. How? Yes, Forex trading involves buying and selling of currency, coins, ie money. Currencies are traded through unbroker or dealer and are traded in pairs, for example Euro and US dollar (EUR / USD).
Really do not buy or sell anything physically so you can confuse a little. Think of buying currency as buying a share in the economy of a country, as the price of the currency is a direct reflection of what the market thinks about the present and future state of the economy. Forex, as mentioned, is traded in currency pairs, as stated in this paragraph, the list price of a given currency pair reflects the economic conditions of a country versus country other currency that makes up the pair .
Unlike other financial markets, the Forex market is decentralized and does not have a physical location. The Forex market is considered an interbank market or OTC (over-the-counter, over the counter) due to the fact that this market operates electronically in a network between banks 24 hours a day.
In the late 90s of the twentieth century, only investors with high financial power could access the Forex trading, with an initial capital of 10 million dollars. Forex was originally intended to be used by banks and large institutions. However, due to the expansion of the Internet, today there are companies that offer online Forex trading Forex "retail" for retail investors.