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what do you guys base your FA on Bitcoin on? "people will buy again, cause they think it will go up again cause it happend before"? this is actualy a TA
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I wouldn't recommend WhaleClub.io, it is a scam site. I have traded there for a few months and lost all my bitcoin. They wouldn't allow you to earn money. Its turbo trading is a scam trading, simply looting investors money.
any type of evidence/registry for that accusation? I'm not using them by myself |
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I think when BTC on bearish trend is no good idea to trade forex by make deposit with BTC because we will loss value of that deposit, and will be more profitable to make deposit in BTC when the price bullish trend, so possible we get also profit from increase the price. When BTC bearish will be better to make deposit by USD.
that is surely something to take into account if you are not a long term holder. anyways, it is possible to hedge you deposit with a short on the BTCUSD pair, too |
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I think tenkofx ( https://tenkofx.com/ ) should be on this list. I can vouch for this broker when it comes to cryptocurrency trading. I always have a thing for simplicity when trading, and a platform or broker that won't give you much trouble when you try to withdraw your hard earned cash. So add this broker to the list. thanks. I'll have a look at it |
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there is no FA for financial bubbles. You can defend the ideia that it never will fully pop, but it still is a bubble in terms of that the value is dozens or hundred times higher than it's fundamentals.
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What about broker Welltrade? i been try their demo account and they has very low spread compared other broker. But i have no idea if they are really regulated and legit or not. At the moment i only used FXopen and this broker already famous among the traders.
hard to find info about them, which is not a good sign. only closed indian branch is on FPA: http://www.forexpeacearmy.com/forex-reviews/9405/www.weltrade.inHonestly, I feel like all these Forex trading sites with BTC deposit and withdrawal options are scams. I've tried a couple and everything is fine when you're depositing BTC, but when you want to take it out there is a problem or a delay or like the guy on this thread is saying, they make up some BS excuse of some error due to technical difficulty and don't take ownership of what happened.
stick with the big Forex players. there are 3 of them in the list I dont like forex trading and i prefer doing crypto trading, but iam interesting with MT4 platform and now some broker offer crypto pair in MT4, i really like it and try to make profit from bearish and bullish trend. Some broker offer low spread, and i interesting also with rebate program from IB. Some broker also allow to make deposit by use BTC and this is great thing to increase BTC balance
all in the list have crypto pairs. and all but one have MT4 |
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I think in this statement that trading forex with bitcoin deposit/withdraw is stilll profitable to the investor but foreign exchange have offered a good amount of income that others company do, in terms of deposit or withdraw it is your own choice like I said is still profitable in the different way.
it's good to have choice |
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I used Fxopen broker for trading crypto, and this is very good broker because offer low commission transaction and low spread. This broker allow to make profit from long and short potition, i was make deposit by MBTC and so far i enjoy the trading activity in that platform because many features like stop loss and trailling stop available. I also received rebate from IB, this is good thing to increase profit.
thanks for your review |
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Forex has the most oportunities (since with the high leverages you can make any small rally a big rally),
but yea, bagholding is never an option in Forex, while on crypto many times you get away with it
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in short: always sleeping without any position
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cientific/math focused minds tend to do not so well on markets, since they lack the psycological/"hustler" component.
To be sucessful in the markets you need both: cientific and social inteligence. that's why over 90% fail in the long run. people tend to "specialize" in one of them and lack the other
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because most, if not all, of them have most of it's volume traded against BTC, which means:
when BTC falls, in oder to maintain it's value altcoin-X/BTC has to go up. When you don't have a rally going on on that altcoin this wont happen, since there is no (new) demand. So altcoin-x starts to lose value without even any selling going on, which than triggers actual selling of the coin.
when BTC rises it causes optimism for the whole market
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first people need to understand what TA is.
You look at the chart and say: "hey look, there is a trend going on".
congrats, you just made a technical analysis.
you obviously can't expect that throwing any indicator on the chart will give you a prediction of anything. If this was true nobody would lose....and nobody would win.
TA is like meteorology;
you observe the clouds, the wind, the humidity and than you draw a probable condition for tomorrow. Yea, sometimes the say it will rain and we'll have a sunny day. the are too much variables.
It's all about "betting" on probabilities. Actualy not very diferent from poker (and don't let them convince you that poker is all about luck)
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yes. don't ever look at charts (irony)
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anti gambling therapy
Nah, you need money for that. The money that you have just lost.  At least it will be a good investment. |
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anti gambling therapy
By which I hope you mean one should not gamble in crypto market. Actually when you lose money in crypto, it is just because you do not have the perfect information about the technology and about the market as well. This thing make you take wrong decisions which results in loss. Do coup with such a situation, you need to learn and study more about your job and about the market behavior and invest again in liquid and stable coins which gives you the edge to go big without have to take much risk. If you risk all your money, you are gambling. a trader has a clear level of price where he will take the loss; a lot earlier |
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transfering funds between 1broker.com and 1fox.com now almost instantly and with virtually no fees. |
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if I am in your position, I will choose not to trade on Forex
because Forex is so vulnerable to losing money, for example when trading must be in time to choose to go down or ride the coin and it's the same thing with gambling.
Thanks,
you mean on a Bitcoin based account? you could always "hedge" your BTC exposure on the BTCUSD pair in the forex broker |
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