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Author Topic: How do I trade bitcoin?  (Read 738 times)
Mate2237
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May 19, 2023, 08:18:34 PM
 #21

Friends, I have download different apps from forex trading and I use most of them trying to trades bitcoin but it seem too difficult and failing, forex indications and signals are not a match when compare to bitcoin so every buys or sells I end up close the market with red lines of loss. I want to know if there is a bitcoin trading apps, that's mainly for trading bitcoin? Like the blockchain but I need local apps or website links. Please assist with good response.
You can use MetaTrading app to create demo and practice it from there. Forex trading and cryptocurrency trading have a slide different. I hope MetaTrading is good for beginners as well so you can do well with it. You have to set you opening trade and closing trade so that the trading would close by himself if those you are not online. Though even at that you will still loss but it is less because the trading will not close when it has not reached your timeline. Either the loss bottom red line or the profit green line









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May 19, 2023, 08:24:13 PM
 #22

Friends, I have download different apps from forex trading and I use most of them trying to trades bitcoin but it seem too difficult and failing, forex indications and signals are not a match when compare to bitcoin so every buys or sells I end up close the market with red lines of loss. I want to know if there is a bitcoin trading apps, that's mainly for trading bitcoin? Like the blockchain but I need local apps or website links. Please assist with good response.

5G as per your name learn fast the basics of Bitcoin then understand the favorable market condition to invest or take entry rather than trading I will suggest my dear fellow a very loyal investment in Bitcoin using DCA which can make your dreams come true and you won't regret leaving the trading in any time frame. I assure you until you really have good trading capital to trade with and good skills.

This was fast advice on how the new generation likes
Regards -Hamza

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May 19, 2023, 10:41:13 PM
 #23

Friends, I have download different apps from forex trading and I use most of them trying to trades bitcoin but it seem too difficult and failing, forex indications and signals are not a match when compare to bitcoin so every buys or sells I end up close the market with red lines of loss. I want to know if there is a bitcoin trading apps, that's mainly for trading bitcoin? Like the blockchain but I need local apps or website links. Please assist with good response.
Why do you want to have the bitcoin only trading apps? Most of the exchanges have bitcoin and from there, you can just trade only bitcoin even if you've got a lot of choices to trade with their supported cryptos. Choose Binance as it's the most recommended by most despite of it asking for KYC nowadays, still people don't mind having its compliance because of the service that they're giving and it's not hectic to go with them because the service they've been providing is actually good. They've got several markets for bitcoin and even if you only want to trade with some specific pairs for bitcoin, you can have it there.

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May 19, 2023, 10:57:43 PM
 #24

Friends, I have download different apps from forex trading and I use most of them trying to trades bitcoin but it seem too difficult and failing, forex indications and signals are not a match when compare to bitcoin so every buys or sells I end up close the market with red lines of loss. I want to know if there is a bitcoin trading apps, that's mainly for trading bitcoin? Like the blockchain but I need local apps or website links. Please assist with good response.

There are lots of Decentralized exchanges and Centralized exchanges out there that you can use for your trading needs. You can go to coinmarketcap and go to the Exchange section and choose what kind of exchange you want to use after that it's better to pick the top exchange with a good reputation since there are already some exchange goes down in recent events.


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May 25, 2023, 08:37:07 AM
 #25

Do not use forex apps at all for bitcoin trading. If you want, you can use good exchanges like Binance, kucoin to trade and you will feel comfortable. and scammers give different signals to avoid investing with their advice. and if you fall into the trap of such scams, you will definitely lose your money. So if you want to survive in the market by trading then definitely take the advice of a good investor. and if you trade or invest according to their advice, you will definitely gain in the future.

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Nrcewker
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May 25, 2023, 04:42:11 PM
 #26

Friends, I have download different apps from forex trading and I use most of them trying to trades bitcoin but it seem too difficult and failing, forex indications and signals are not a match when compare to bitcoin so every buys or sells I end up close the market with red lines of loss. I want to know if there is a bitcoin trading apps, that's mainly for trading bitcoin? Like the blockchain but I need local apps or website links. Please assist with good response.

It’s advised to trade Bitcoins on crypto exchanges. First make sure that Bitcoins and cryptocurrencies are legal in your country, then if everything is good, choose a reputable casino which operates in your country. I would suggest Binance for trading, as it is one of the oldest exchanges in the market and the users have never faced any issue from it. I can’t suggest you local apps or websites, moreover you shouldn’t try these local ones, as anytime they can scam exit, use global platforms for better security.

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May 26, 2023, 09:27:21 AM
 #27

To trade Bitcoin, you can follow these basic steps. Firstly, you'll need to choose a cryptocurrency exchange or trading platform that supports Bitcoin trading. Sign up and complete the necessary verification process. Next, deposit funds into your trading account, usually in the form of fiat currency or other cryptocurrencies. Once your account is funded, you can start placing trades. You can decide to buy Bitcoin when you believe its price will rise or sell it when you anticipate a decline. It's essential to develop a trading strategy, set a budget, and manage your risk by using stop-loss orders or setting profit targets. Stay updated on market news and analysis to make informed decisions. Finally, consider using trading tools and charts to analyze price trends and indicators. Remember that trading involves risks, and it's advisable to start with smaller amounts and gradually increase your exposure as you gain experience and confidence in your trading abilities.

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May 26, 2023, 11:28:29 AM
 #28

Friends, I have download different apps from forex trading and I use most of them trying to trades bitcoin but it seem too difficult and failing, forex indications and signals are not a match when compare to bitcoin so every buys or sells I end up close the market with red lines of loss. I want to know if there is a bitcoin trading apps, that's mainly for trading bitcoin? Like the blockchain but I need local apps or website links. Please assist with good response.
That's not true. You can start with the regular Spot trading before moving into Future trades which are volatile. Your first call should be to equip yourself with the rudimentary skill set for trading before diving into it. Have an intense practice and demo trade for a while before funding an exchange account. Here's a link to an app that can allow you have a feel of crypto demo trading. It's the Tabtrader. In case you use an android phone, you can download the Tabtrader on the Playstore.

for me trading forex or bitcoin is the same, I usually use the same indicators and the same techniques too, if you experience an analysis error, it's normal, try again at another opportunity.
It's the same thing with me. I don't know why those who are saying OP shouldn't use them are advising that way. Even when you open crypto trading platforms you will also get to find similar indis like what the Forex Trading platforms have. We've these indis on TabTrader, a popular crypto platform, and many others.

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May 26, 2023, 11:40:46 AM
 #29

Friends, I have download different apps from forex trading and I use most of them trying to trades bitcoin but it seem too difficult and failing, forex indications and signals are not a match when compare to bitcoin so every buys or sells I end up close the market with red lines of loss. I want to know if there is a bitcoin trading apps, that's mainly for trading bitcoin? Like the blockchain but I need local apps or website links. Please assist with good response.

There are lots of Decentralized exchanges and Centralized exchanges out there that you can use for your trading needs. You can go to coinmarketcap and go to the Exchange section and choose what kind of exchange you want to use after that it's better to pick the top exchange with a good reputation since there are already some exchange goes down in recent events.

OP is looking for a local exchange to make it easier for him to make deposits or withdrawals. although some centralized exchanges also provide P2P trading or can make withdrawals to certain bank accounts.
because the OP also hasn't confirmed where he's from. like some of the suggestions that have been given by other members. some exchange lists he could indeed use.

but my advice is because OP also wants to trade Bitcoin. it would be better for the OP to also have a personal wallet to store his Bitcoins or other assets offline when done trading. do not store it on the exchange when finished trading.

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May 26, 2023, 12:24:09 PM
 #30

trading in bitcoin in my opinion is more difficult than in altcoins,
because in Bitcoin there is no developer no news about its development but news from the world itself,
if the world is doing well then Bitcoin will pump, but if the world is not good then bitcoin will dump,
different from altcoins you can see good news from Ethereum, Ripple or Conflux and others,
therefore if you want to trade in Bitcoin make sure you can read charts or technical analysis personally.

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May 26, 2023, 02:55:28 PM
 #31

if you want to trade Bitcoin on the spot market, my advice is that you have to have a lot of capital,
but if you want to trade Bitcoin with a small capital, my advice is to avoid the spot market,
yes, because you know the price of Bitcoin is very expensive and increases are also very difficult,
I own capital $200 and buy Bitcoins but never grow, and I buy altcoins like VRA, CKB or XRP and they grow,
so you have to think if you really want to trade bitcoins.

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May 26, 2023, 04:35:45 PM
 #32

I prefer to start with the local trading platforms for cryptocurrencies in your country because they typically offer comprehensive learning materials and instructions on trading in the local tongue. Additionally, because local platforms only work with clients of the same nationality, people with personal knowledge and numerous stories of people having difficulties with trading activities will receive support more quickly.
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May 26, 2023, 06:24:51 PM
 #33

Friends, I have download different apps from forex trading and I use most of them trying to trades bitcoin but it seem too difficult and failing, forex indications and signals are not a match when compare to bitcoin so every buys or sells I end up close the market with red lines of loss. I want to know if there is a bitcoin trading apps, that's mainly for trading bitcoin? Like the blockchain but I need local apps or website links. Please assist with good response.

Begin by investigating well-known cryptocurrency exchanges such as Binance, which frequently provide bitcoin trading choices. Make certain that the platform you use prioritizes security, with features such as two-factor authentication and cold storage for cash.  Consider looking at specialized bitcoin trading platforms such as BitMEX, Bitfinex, and OKEx, which may provide additional features and tools designed just for bitcoin traders.

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May 26, 2023, 07:02:35 PM
 #34

Friends, I have download different apps from forex trading and I use most of them trying to trades bitcoin but it seem too difficult and failing, forex indications and signals are not a match when compare to bitcoin so every buys or sells I end up close the market with red lines of loss. I want to know if there is a bitcoin trading apps, that's mainly for trading bitcoin? Like the blockchain but I need local apps or website links. Please assist with good response.
This is a funny scenerio and op need to be careful the way he uses different apps to trade online. Trading the forex market and the cryptocurrency is very different from each other that is why there is need to understand the crypto market to get a good result. In the forex market, you can easily trade it using indicators and listening to news to get hold of the opportunity to make massive profits in the market. In cryptocurrency market, news do not control the market because it can easily be manipulated based on the team and whales that are holding large holdings of it.









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May 26, 2023, 08:48:49 PM
 #35

OP is looking for a local exchange to make it easier for him to make deposits or withdrawals. although some centralized exchanges also provide P2P trading or can make withdrawals to certain bank accounts.
because the OP also hasn't confirmed where he's from. like some of the suggestions that have been given by other members. some exchange lists he could indeed use.

but my advice is because OP also wants to trade Bitcoin. it would be better for the OP to also have a personal wallet to store his Bitcoins or other assets offline when done trading. do not store it on the exchange when finished trading.
I think to use P2P services on a centralized exchange like on Binance also requires the user to register an account. They need to complete KYC to be able to use the service, but if the OP wants to trade without risking his personal data then bisq is the option.

Local exchanges will help him get easy service for deposits and withdrawals to and from his bank account. Even if it is centralized, but I think the government has licensed it for use, but still the safety of funds is the responsibility of each user. Don't make a centralized exchange as an investment wallet, it should only be used to trade and withdraw all funds once the trade is completed.

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May 26, 2023, 08:53:39 PM
 #36

Friends, I have download different apps from forex trading and I use most of them trying to trades bitcoin but it seem too difficult and failing, forex indications and signals are not a match when compare to bitcoin so every buys or sells I end up close the market with red lines of loss. I want to know if there is a bitcoin trading apps, that's mainly for trading bitcoin? Like the blockchain but I need local apps or website links. Please assist with good response.

I don't like using forex brokers to trade Bitcoin, you don't own any Bitcoin if you keep trading with forex brokers instead trade with cryptocurency exchange, we many if them and you can choose from them depending on your preference. Are you looking for a decentralized exchange to trade Bitcoin through P2P or you're looking for a centralized exchange that you can trade Bitcoin and other cryptocurency.

Binance exchange is one of the most popular and has a very high volume for trade therefore you can make use of them if you're willing to pass KYC verification and start using the platform for trading or you can make use of Kucoin that doesn't make it a must to pass KYC.

R


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May 26, 2023, 10:14:32 PM
 #37

Friends, I have download different apps from forex trading and I use most of them trying to trades bitcoin but it seem too difficult and failing, forex indications and signals are not a match when compare to bitcoin so every buys or sells I end up close the market with red lines of loss. I want to know if there is a bitcoin trading apps, that's mainly for trading bitcoin? Like the blockchain but I need local apps or website links. Please assist with good response.
This is a mistake, you are trying to rely on someone else to try to trade the markets, and while it makes sense to study the methods of other traders in order to improve your own, it seems you just want to follow those signals blindly and make money, and this is never going to work, stop doing this especially if you are trading with your capital and you are not just testing this strategy, as if you continue with this behavior then sooner or later you will find yourself losing a massive amount of money.

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May 26, 2023, 11:15:23 PM
 #38

Friends, I have download different apps from forex trading and I use most of them trying to trades bitcoin but it seem too difficult and failing, forex
Well trading isn't something you get to master in a day. Besides, how do you download a forex app and suppose that be MetaTrader 4 or 5 and hope to trade cryptocurrencies with it... that's not a place to trade cryptos. I think what you might note there is indices but, I really don't consider that cryptos. You get to trade virtual fiat currency pairs but, not crypto, I don't think.

When it comes to trading cryptos, you can archive that on some of the exchanges out there like Binance but, it ain't something you'll understand easily. It takes time to learn and master but, that doesn'tean you wouldn't be making loses in your tradea, that's inevitable eventually.

R


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May 27, 2023, 09:27:36 AM
 #39

I want to know if there is a bitcoin trading apps, that's mainly for trading bitcoin? Like the blockchain but I need local apps or website links. Please assist with good response.
I want to simplify your question, first you have to find out which exchange has an operational license in your country, so you can use the exchange to sell or buy the bitcoin you want. But this is not talking about the safety of your bitcoins, when you are done buying and not moving to a more secure wallet as suggested on the forums, that's another question you didn't ask and maybe you should look into too.

But you also have to pay attention to this if you don't want your assets to disappear if the exchange encounters a problem. If you're talking about local exchanges that means you should look into it because we can't direct you there if we don't know where you live.

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May 27, 2023, 11:15:23 AM
 #40

Definitely local would be best, but also find other people around you, in your nation, or basically speaks your language, so that you could talk with them and see what they think about the situation in your nation. That way you would know how advanced it is or not and how well it has been so far, and if any of the places are shady or not, and so forth. That way you could see a place you like, but then turns out it has been involved with something shady and you would be staying away from it.

These neat little talks are always important because it gives people an insight into the situation if they are newbies. I do this all the time about new projects, always talking with the group about what's going on and that does make me like it even more.

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