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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Now this is a keeper that I should bookmarked as I'm planning to enter forex as well but with crypto touch.  Thanks for this one. You're welcome |
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luck comes to the one who searches for it
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I am planning to explore forex using my btc as fund. Any horror stories from these brokers? Which one is good? Who is the best?
That isn't a good plan to hear because you're actually new to the Forex market right ? which mean the percent you will get loss in it is very high and that means it's totally not a good investment for you at all , the secret of success is doing what you're good at. on the other hand Forex has the advantage of having demo accounts you can play with as long as you want without risking any money |
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I am planning to explore forex using my btc as fund. Any horror stories from these brokers? Which one is good? Who is the best?
It depends on what you are searching for. If you prefer security and don't mind KYC than you chose one of the first 3 from the list.....those 3 are highly trusted in Forex comunity. If you prefer anonimity you chose number 4,5 or 6 from the list....those 3 are brokers which earned some trust in our comunity. |
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people don't realize that looking at a chart is allready technical analysis. I doubt there are many outr there in the cryptoworld who only rely on fundamental analysis
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- BTC accounts now available. ( was only BIT before on MT4 )
nice. BIT is realy confusing |
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