Binary option trading is more risky than leverage trading because we have limit times for all open potition. Beginner trader should not jump here first and much better to learn more about trading in spot market that has lower risk, like stocks and crypto trading. I was try binary option trading since 2 years and i used broker of binary.com but till now i never reach good profit.
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I think more than 60% crypto trader loss money in crypto trading, because all crypto was dump hard, all crypto loss value more than 70% even alot of altcoin loss value more than 90%. We should learn from this situation, that crypto market is always there are bearish trend and with high volatility. We should have put money in others asset when crypto turn in to bearish.
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The price of crypto sure there are will be the bottomed when down trend but we dont know which level price will be become the deepest. We should keep trading to catch the bottomed , and to avoid losss we should be use stop loss. When the price of crypto going down to more than 80% , so we have opportunity to make profit because the price will push.
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All broker that offer trading pair forex is leverage trading so the level risk will be higher because of leverage. We can see alot of trader got margin call in forex trading because that is CFDs trading product that use leverage. I trade on forex margin trading only when crypto turn in to down trend and will be more focus in crypto trading if all crypto already oversold.
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Last year when Bitcoin all the times high, all altcoin was follow it. And after BTC price overbought and turn in to bearish so all altcoin also down trend . So far mayor altcoin followed price action of Bitcoin, so we can predict when Bitcoin price going up and ATH later , any possibility the price of mayor altcoin also will follow Bitcoin.
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Learning from my experience in trading since 3 years, its more easy to gain profit when crypto on bull market, and we will loss alot of money when bearish market, because all crypto in bullish and bearish by the same periode. So to make profit we should be trade only when bull market and when crypto on bearish we should shorting the price in other margin trading platform.
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To analysis price action of crypto with technical analysis we can use trading view and coinigy. Both platform offer free account and premium. But in trading view not all exchange listed there , but in coinigy they connected with all mayor exchanges.
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Turn $10k in to $ 1 million is possible, we need return 100 times to make it, and last years in 2017 many altcoin was going up to 100 times. Some of them is XVG, ECA, NANO etc. And for now we still have hope to make it because currently all altcoin dumped hard and with low cap, some altcoin possible to give return up to 100 times in next 1 or 2 years.
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When my friends introducing me about trading, in that times i dont know anything about trading, and then i was joined some trading cource offline or online. I think the best way to learn about trading is learn it direct from the expert and professional trader.
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I think all newbies trader include me was doing all that mistake, and by this mistake we should be keep learn how to be more expert trader. Make profit by consistently from trading is not easy and many pro trader was make it in a few years.
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That is better than we dont get any payment, currently demand of the ICO is low and this make impact with reward of bounty campaign. So we should be use bounty campaign not a full job, but only apart of times. Its better to more focus in crypto trading to earn more money.
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In my opinion best indicator for buy decision is golden cross of 2 moving average, volume, CCI and trendline. Signal from golden cross of moving average is good to use to looking for reversal point.
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I predict the price of ETH according to technical analysis and historycal price. Since ETH started tradeable in 2015 untill now, ETH was fall more than 50% a few times, but look like this year is the biggest crash for ETH. Currently ETH stay strong in price above $200 in more than amonth, and that mean the price still strong and difficult to going down more. In the long term ETH possible to going up again even surpass highest price last year.
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This coin competitor of XRP right? Currently i dont see this coin have any good fundamental, so i prefer to chooce XRP. Although XRP just going up but the price has potential to keep going up and has potential surpass highest price last year because many good news around XRP that has partnership with big company.
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You forget about Bitcoin, if i have that money i will invest in to BTC by portfolio 50% and for others 45% for altcoin like XRP, XLM, ADA, ETH. And for other 5% i wil put in to gem coin like ECA.
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So far i used alot of different exchange and all of them is trusted, and if we want to get better liquidity in trading we have to use exchange that has high trading volume, and to minimize the risk from high volatility, we should use exchange that offer feature of stop loss.
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Actually between all top 10 ranking crypto on the coinmarketcap, the coins that stronger from market crash is BTC, XLM and ETC, so i think that all coins has potential more to going up with biggest gainer in the next bull market. And for the ADA and ETH was dumped more than 85% from the top price.
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I created account in Binance on october 2017 and in that times Binance already become top 10 exchange by trading volume. Binance is fastest exchange to be biggest exchange, i think this is because they consist of profesional team and the CEO also has good marketing strategy and offer better product than others.
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Hi, so is not possible to code some crypto exchange API inside MetaTrader?
At least to receive the tick data in real time and use the indicators and strategies (not to trade in live)?
And what about adding historical price data for backtesting?
I think is not possible because between crypto exchange and metatrader platform is different , crypto exchange for spot trading and metatrader platform is for margin leverage trading. Both is not connected each others.
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To hit $60 is easy for LTC and this coin was touched that level price. Even in the end of this year LTC has potential to going up to 3 times more, cause LTC has partnership with big company.
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