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1  Economy / Trading Discussion / Re: exchanges for derivative trading on: July 24, 2023, 08:12:13 PM
1️⃣Binance Futures
Pros: Wide range of trading pairs, high liquidity.
Cons: Limited options for advanced order types.

2️⃣BitMEX
Pros: Offers high leverage options, advanced trading features.
Cons: No support for fiat deposits or withdrawals.

3️⃣Bybit
Pros: User-friendly interface, competitive fee structure.
Cons: Limited selection of cryptocurrencies.

4️⃣Kraken Futures
Pros: Reliable and reputable exchange, customizable trading interface.
Cons: Lower liquidity compared to some other exchanges.


Read More: Top 10 best crypto brokers
2  Economy / Trading Discussion / Re: How do I become a successful Bitcoin investor as a newbies? on: July 16, 2023, 05:43:36 AM
➡️As a newbie looking to become a successful Bitcoin investor, here are some key points to consider:⬅️

1️⃣Educate Yourself: Begin by gaining a solid understanding of Bitcoin, blockchain technology, and the cryptocurrency market. Research reputable sources, read books, and follow credible experts to enhance your knowledge.

2️⃣Start Small: Begin with a modest investment. It's important to start with an amount you can afford to lose while you're learning and gaining experience in the market.

3️⃣Choose a Reliable Exchange: Select a reputable cryptocurrency exchange to buy, sell, and store your Bitcoin securely. Look for exchanges with a good track record, robust security measures, and user-friendly interfaces.

4️⃣Practice Risk Management: Diversify your investment portfolio by considering other cryptocurrencies and traditional assets. Set a budget for your investments and stick to it. Avoid investing more than you can afford to lose.

5️⃣Stay Updated: Stay informed about market trends, news, and regulatory developments. The cryptocurrency market is highly volatile, and staying updated can help you make informed investment decisions.

6️⃣Long-Term Mindset: Bitcoin is known for its price volatility. Rather than focusing on short-term price fluctuations, adopt a long-term perspective. Bitcoin has shown significant growth over the years, so consider holding onto your investment for the long haul.

7️⃣Secure Your Investments: Use hardware wallets or reputable software wallets to store your Bitcoin offline, away from potential online threats. Enable two-factor authentication for added security.

8️⃣Seek Guidance: Join communities, forums, and social media groups where you can interact with experienced investors. Engage in discussions, ask questions, and learn from their experiences.

9️⃣Emotional Discipline: Bitcoin's price can be highly volatile, leading to emotional ups and downs. Develop emotional discipline and avoid making impulsive decisions based on short-term market movements.

🔟Regular Evaluation: Regularly assess and reevaluate your investment strategy. Stay open to learning and adapt your approach as you gain more experience and understanding of the market.

Remember, investing in Bitcoin carries risks, and there are no guarantees of returns. It's essential to do thorough research, exercise caution, and invest responsibly.
3  Economy / Trading Discussion / Re: All in one charting software? on: July 15, 2023, 04:11:36 AM
1️⃣TradingView:
Pro: Wide range of technical analysis tools, extensive library of indicators, and a large user community for sharing ideas.
Con: Some advanced features are available only with a paid subscription.

2️⃣MetaTrader 4 (MT4):
Pro: Robust charting capabilities, support for algorithmic trading, and a large selection of custom indicators and expert advisors.
Con: Limited flexibility in terms of customization and modern design compared to newer charting platforms.

3️⃣ThinkorSwim (by TD Ameritrade):
Pro: Powerful charting tools, advanced studies, and a user-friendly interface.
Con: Availability limited to TD Ameritrade clients, making it less accessible for traders on other brokerage platforms.

4️⃣ProRealTime:
Pro: Comprehensive charting package with advanced technical analysis tools, market scanning capabilities, and a user-friendly interface.
Con: Pricing can be relatively expensive for some traders, especially those with limited budgets.

5️⃣NinjaTrader:
Pro: Feature-rich charting platform, extensive customization options, and compatibility with multiple data feeds and brokerages.
Con: The learning curve can be steep for beginners, and some advanced features are available only with a paid license.

Source: https://1vane.com/top-10-best-crypto-brokers
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