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261  Economy / Trading Discussion / Re: Trading futures without knowledge of chart patterns, is gambling not trading on: May 08, 2021, 05:59:50 AM
I made a conclusion for myself that I will no longer trade futures until I have studied the trading models by 100%.
I am afraid that you will get chances to master all the aspects of futures trading 100% because I heard even professional traders are not learning 100% but they are profitable because of their practical knowledge. I am not urging you to get into trading right away but you should practice more in demo accounts so that you will get more knowledge rather than depending on learning from other materials in 100%.

Moreover, instead of looking for opportunities in futures trading, you must get into spot trading for safer yet profitable trading. Spot trading is good for slow and steady profits.
As a trader future trading is a no area for me because of the high risk involved, even with the  knowledge of charting techniques and candlestick pattern few losses can lead to rekting of the whole portfolio, I only trade cross margin and spot trading which I believed is less risky and I can control  my emotions trading it.
Future trading has a huge leverage and  only experienced traders with huge portfolio are  recommended for that type of trading, newbies should keep off from it
actually even with the leverage system trading we can still trade safely. but indeed we have to learn about analytical techniques, monetary management, and psychology. with discipline to the plans that have been made beforehand, I think it is safe
262  Other / Archival / Re: Everyone is following the same strategy on: May 08, 2021, 05:54:25 AM
Obviously they all want to buy low and sell high, but no one can be sure of when to buy and sell.
In fact, we are betting on this market, trying to analyze the market and find ways to make a profit.
You don't have to bet. if you consider this bet it is a wrong thing because there are indicators that currently exist you can analyze the market to get a profit. What is clear is that if you are a trader and do not understand how to analyze the market, of course it will be detrimental because you are gambling. buy and sell without understanding how to properly analyze the market
Buy low and sell high is indeed not enough in trading, that's too plain and simple which is not the real situation in trading. Yes you can buy low or sell high but you can't know if its already the low price because you didn't analyze well the chart ,so technically this is where indicators will being used to see the future trend of the market. We all have the same goals in trading, but I don't think we are following the same strategy.
I think the low price to buy is the price in the support area, sometimes in our eyes there is some support in the market, so if we want to buy then buy it at the support support, even though it is not a guarantee to always profit, but has a great opportunity to create profit
263  Economy / Trading Discussion / Re: HOW IMPORTANT IS STOP LOSS on: May 08, 2021, 05:45:07 AM
There is basically no certainty in trading, sometimes the price can rally for hours, but it can crash within a few minutes. therefore we need stop loss to anticipate unexpected movements, so that our capital remains safe. And don't forget to place your stop loss, don't be too short, but give room for the market to move
264  Economy / Trading Discussion / Re: Trading base on market sessions on: May 08, 2021, 05:37:49 AM
A knowledge of each trading session is an essential requirement for any trader who would love to gain from the high volatility the market has to offer. Without a proper knowledge of this one wouldn't understand the perfect time to place a trade.

If you trade by 2pmGMT when the bank of America would open for the day , both sydney and tokyo sessions would also be trading at that same time meaning a higher volatility from stocks.
in this case besides we are more effective in trading, so that we can determine which pair we will choose, it can also be more profitable because we know the big movements at that time. for example we are trading the European or American market in the morning, so I think it becomes less effective waiting
265  Economy / Trading Discussion / Re: What is the Best Time to sell ? on: May 08, 2021, 05:31:49 AM
To me, the best time to sell is when what we currently hodl has reach our desired amount of price.
Yes. The time to sell is when the current price reaches our target. It means if we sell our crypto coins, we will take profits as we expected. I think it is the best time to sell our crypto, don't force to wait for a longer time till reaching its ATH. Continue holding will be very risky, the price can drop massively after a big increase. I assume no one wants to miss the opportunity to gain profits as expected.


even though after we sell and the price goes up again, then don't be sorry, because we have received the reward according to our plan and we have calculated the risk at the beginning. I think that's the best price to sell, which is in accordance with the plan that was made previously.
266  Economy / Economics / Re: Using Blockchain to run economies on: May 06, 2021, 02:38:51 PM
There have been many improvements in the world using blockchain technology. The human transaction system is becoming easier and the data delivery system is much easier the country's economy has improved a lot blockchain technology that aims at decentralization as a security measure these are distributed and shared databases and records are recorded with the effectiveness of creating a global index for all transactions generated in a given market. It works like a logic book only in public destiny and universal ways which creates sensation and trust in direct communication between the two parties without third party mediation.
in addition to transactions, blockchain can help facilitate human work, which tends to be conventional. for example during elections, blockchain can actually speed up vote counting even though there are many voters and have a large area, moreover transparency can be done wisely
267  Economy / Economics / Re: Bitcoin wasn’t created to make you rich. It was created to Enslave U & Track U on: May 06, 2021, 02:35:00 PM
I don't know how bitcoin is going to enslave and track us but I am sure that when I use bitcoin, there is no way that someone knows who I am unless I reveal my identity. Just because it is online doesn't mean that Big Brother is seeing our every move with bitcoin, you are just paranoid.
The blockchain technology is incredibly powerful and while bitcoin itself will not enslave us if the governments beat bitcoin and they impose their fiat currencies in digital form then we will become slaves, after all it is likely that in their currency you are only going to be allowed to have one address and they are going to be in control of the private keys of everyone, meaning they can confiscate or steal your money, know every transaction you make and in the case they think you are against them then they will not let you to spend your money and without cash you will not be able to buy anything.
I don't have to worry about that kind of thing happening in my country though, the government agebcies are incompetent and slowpokes so I know that they will not do this kind of thing, there is some merits to living in a hellhole of country after all. And if the unlikely thing like that was to happen, I am sure that we are going to just completely avoid using it since it will be a different system compared to blockchain.
It is terrible if fiat currencies are camouflaged as digital currencies, where it is like following the blockchain trend that is identical to bitcoin. I think the government is not yet ready to launch a digital currency which has the same system as fiat currency, and I think this is just a breakthrough that has no definite purpose
268  Economy / Economics / Re: Nigeria will overtake India in P2P on: May 06, 2021, 02:30:17 PM
I agree with you that the adoption of Cryptocurrency in Nigeria is to a very large extent greater than what is obtainable in India, but looking at the economic and population size of India, one can confidently agree that p2p trading volume in India cannot be overtaken by that of the Nigerian populace.

Nigeria is also one of the most populous countries in the world, with a total population of 200 million. If population was the sole basis of cryptocurrency adoption, then India and China would be having the largest number of cryptocurrency users in the world. That is not the case, as the US is dominating this sector. The unclear legal status of cryptocurrency and economic downturn may negatively impact the users in India. Once there is clarification regarding the status of cryptocurrency in India, then things will get easier for the users there.
It seems that for countries that have not made allowances for cryptocurrency, over time it will be cornered and provide concessions, at least there is no prohibition on owning crypto for every citizen. We know that at present conditions with the development of crypto, it will have a euphoric impact on the whole society, especially for people who have a large population like Nigeria.
269  Economy / Economics / Re: Africa needs to fix continent, richest people are politicians on: May 06, 2021, 02:24:39 PM
~

I'm afraid that's just impossible. It's in human's nature, I doubt it will ever change.  Entire human history is a story about greed and corruption. By the way, that's exactly why USSR failed in their dream about communist society where everyone gives to the extent of his abilities and receives anything he wants.
I believe that we can reach that point, yes the human nature is pretty selfish but if little by little we raise at least a small percentage of generation that is virtuous, I think that it is enough because they know what to do, they raise more of it and lead. The problem with the USSR is that it landed on the hands of Stalin and almost everyone on the position of power is power hungry.
it seems that greed and corruption are problems for every country, even though the death penalty is imposed, this seems to have become a human trait that tends to have no satisfaction in itself, making it a greedy human being. but in every country, of course, there are various ways to reduce these human vices, and I am sure that the future will be better
270  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bull run is over? on: May 05, 2021, 07:41:13 AM
Now the price is still correcting, maybe Doge coin is one of the choices for us and I believe the market is still growing, so take advantage of this growth to look for profit celebrations.

So much for your correction. The rally just go on or should I better say the moon rally. It is amazing how this market doesn't stop. We have seen strong movements of the market in the past but this is already different and it could be even more different if it goes on like this.

But I bet we will see a correction this year, we should be aware of that and always be cautious when trading. For now, let us not bet against the flow of the market, we will just loss, be bullish and trade regularly to take advantage of the situation as it does not happen on a daily basis.

I agree with you on that. I just don't like it when somebody comes and says hey correction will happen tomorrow or this is alt season and next month the market will drop. As if the market follows any specific scheme or drops in a certain month. What kind of bs talk is that?

It depends on a lot of factors of which most cannot be predicted. There are many potential triggers that could entail a sell off.
no one knows for sure when the market will react. I think we have to stick to personal analysis. because at this time there is so much news circulating that it cannot be justified. therefore no one knows when bullrun will be
271  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Alternative coins to trade now on: May 05, 2021, 07:38:22 AM
Yes I'm currently looking for altcoin to trade and ihope you all can recommend which is crowded because they're saying it's good if the coin has a bunch traders coz the process is more faster such buying and selling..unlike other coins that seemed stagnant and has a possibility to become stuck up for long term.  I'm now at the market actually staring to some altcoin.. I hope you can suggest even a new projects at least it's more on volatility Wink
Its true that a good coin always has a huge volume with a lots of buying and selling. so it will be better to trade on the top and good altcoins which has a ranked. However you wanna also invest on new projects that's why i am suggesting you to invest on Poolz, Amepay which are really new and much potential with high volatility you will get profit most surely.
but if we follow a new project that has a high volume, then we also have to take into account the risks so we don't regret it later. indeed with high volume we will also easily get a lot of profit. therefore for a new project I think I have to be more careful in analyzing it
272  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Cryptocurrency trading on: May 05, 2021, 07:34:42 AM

I want to enter cryptocurrency trading
I have no experience, what cryptocurrency to buy with $ 1,000.

Learn to read chart and learn the coin movement first before jumping in to daily trading. Learn money management and risk management in trading or you will be lose all your money in one day and it could happen faster if you use laverage.
to study in theory I don't think it is too long, I think trading practice will be more efficient. we have to understand putting the framework in place, and the discipline against it. do not bring feelings when trading, at first this will feel difficult to do. but we have to keep practicing
273  Alternate cryptocurrencies / Speculation (Altcoins) / Re: XRP is pumping now. on: May 05, 2021, 07:30:25 AM
with a bigger correction, I think we can look for opportunities to buy back. currently doge replaces XRP, and that means xrp has a great chance to get back up. I think we will find it easier to get 100% profit
274  Economy / Economics / Re: Are some too blind to see? on: May 04, 2021, 05:45:15 AM
Tesla takes profit from crypto investment and some stupid people aren't even bothered, like I always say even billionaires who invest in crypto are here for the profits no matter how long they chill and hype the coins, be smart people
To be sincere I think all of us also wants to get that profit, if we are given the chance we will still do the same. And of course I do know for sure that a lot of us are making use of it for transactions and purchasing things online, but even at that we also invest money and we expect profit from it. If you were these billionaires I don’t think you will like to throw off your money in Bitcoin and leave it there, you will still come to a point where you will decide that you should take profit after the price goes up.

My advice will be that you take profit when you can. That’s what I do, because I have other works that I do, I take my profit and invest in other businesses and also invest in bitcoin when I can. It’s as simple as that.
even though we believe in bitcoin, we also have to be vigilant, because anything can happen here. I am also piribadi only a small part of the assets I have for investing in bitcoin, because here it is very risky, and of course I also share the level of risk in managing my assets, so that everything is safe under control
275  Economy / Economics / Re: The Modern Mode of Payments on: May 04, 2021, 05:39:54 AM
Thats the benefit of using electronic wallets as of now that we are still suffering from pandemic. This actually helps more people to use e-payments even at home. Most likely we can spend our crypto coins or fiat money by purchasing our needs online.
 
 Not only that, those who aren't aware of cryptocurrency uses will now spread some awareness and knowledge on how to eventually use this kind of technology. No wonder that the progress of adoption increased during this pandemic period.
I think the times will make a shift, between conventional and modern systems. we are currently facing the era of digitalization, where everything is done online. and as a society, of course we must be active with the changing times in order to survive. I think this is common in this world
276  Economy / Trading Discussion / Re: How to start trading on the crypto exchange? on: May 04, 2021, 05:35:42 AM
Hello guys, how to start trading on the crypto exchange?
I would like to hear the opinions of professionals people.

starting trading on a crypto exchange is very easy for you beginners. you only have capital, choose a good exchange like now is binance, then choose the coin of your choice and you can buy at the lowest price and wait for the high price and sell. but remember for you beginners, make sure when the selling price rises, don't expect high profits because that's your learning at the beginning and don't be greedy
I agree, by choosing the largest and proven exchange, at least our funds are safe there. after that we live trading with the techniques that we will use. besides not being greedy, we should start learning with a demo account first, if we are beginners
277  Economy / Trading Discussion / Re: How Bitcoin almost made me rich on: May 04, 2021, 05:32:13 AM
you let your emotion swallow you .
when that happens we cannot think properly and end up in wrong decisions but if only you calm down you can think of positive decision like selling the bitcoins left to buy a brand new guitar to continue your musical career .
another fail you have is when you compare yourself to others . that will make you greedy and being greedy could also lead to wrong decisions so dont say  that you fail because your a novice .
when we compare with the success of others, then we will also try to match it, but we sometimes don't know the hard work of our friends to achieve that success. and that's what damages us psychologically. trading should be structured, not greed for profit
278  Economy / Economics / Re: What's Next? After Bitcoin Passes The 60K Mark...... on: May 03, 2021, 01:13:58 PM
until now there has been no legalization of bitcoin for transaction tools in general. besides the government has not supported it yet, bitcoin fees are too large, I don't think they are suitable for small scale transactions. I hope there are other supporting coins that are more flexible with this condition, and the government will legalize it soon
279  Economy / Economics / Re: Markets taking profit on: May 03, 2021, 01:10:30 PM
Just take a wider look to understand:

NASDAQ 100, last month + 8%, last year +60%
S&P 500, last month +6.4%, last year +47%
Bitcoin, last month -4%, last year +639%

Since the start of the COVID (in practice) to now, most indexed have exceeded their average returns, not to mention bitcoin. A movement such as this is a consequence and it may still be followed by more falls without meaning anything other than a profit taking and some caution around the ATHs.
You might be right, but have you noticed that bitcoin has been really strong around the $50,000 price and it hasn’t stayed long below that rate, anytime it does fall below $50k price it quickly recovers again and starts moving up.

But, even at that I do understand that at every time in this cryptocurrency market we have got to be really careful because we can lose our money at anytime, so it’s very important that we plan really well, and if it’s possible we can be taking little profit at every up movement that the market makes, that way we wouldn’t be losing much if it happens to fall.
right, careful must always be implanted in us. currently bitcoin has surpassed the previous highest peak, and we don't know whether this trend will continue or will there be a correction first. Even though there was a big withdrawal at Tesla and there was some negative news, FUD didn't happen and bitcoin recovered at a price of $ 50000
280  Economy / Economics / Re: Economy after COVID-19 on: May 03, 2021, 01:06:36 PM
With the ever-increasing need for social distancing, people are recurring to online payments and e-commerce sites. The longer it takes to find a cure for the disease, the faster our world will change economically. During the pandemic, people will be using credit/debit cards more than physical cash itself. It's no wonder since physical cash is known to carry germs and bacteria with them.

How do you think the economy will be after COVID-19's demise? Will it gradually recover? Or will it stay the same? Will central banks collapse to a point where only people transact with decentralized cryptocurrencies in the free world? Your input will be greatly appreciated. Smiley

Every place in every part of the world does not have the same economic status. I think to a more developed or advanced areas, online can be tolerated or I think online is already its normal way of economy. Due to that, more people around it or within it will also be normalizing online and cashless payments either in transportation or buying foods and services. But to areas like provinces, I think the new normal set-up will be like social distancing, wearing of face masks and sanitizing because online world is far from it.
the shifting of habits during the pandemic does require us to keep up with the times, and even now the online world is growing rapidly, we can even see that many conventional supermarkets are losing money. of course, besides being more practical, they love their health from the covid virus
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