How do I trade bitcoin?

[usekevin]

Bitcoin need it’s own strategy as compared to the other coins.Because we will use the new way of technique for the bitcoin,buying at the low is the basic technique.Don’t use the signal for the trading,instead use the own strategy for the trading.When you earn money of loss the money,it won’t affect you.Because you earning or losing by your own strategy towards the trading.If you use other strategies,you are force to blame others for the technique which is not a essential one.Create your strategy by the trading candles.

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[lixer]

If you want to trade in bitcoin, you need to trade bitcoin with some wisdom. Suppose you trading some money in Bitcoin, you split this money into two parts, trading the first part of the money long-time in Bitcoin, and convert the second part to stable coin. Later when the market price of bitcoins drops, or the bitcoin market crashes, trade bitcoins with this money. Then you will get good amount of profit immediately. So if you trade Bitcoin like this you can get success very quickly.

Actually, not everyone gets success in trading because most people don't prefer learning before starting their journey, for such people, buying low and holding for long-term is the best solution. Buying and selling in short intervals requires experience and knowledge and if you don't have that, you can barely become a successful day trader or scalper. So if you don't know much about the market, you should simply just buy and hold.

Day trading might not look so difficult but it also isn't as simple as it may look or sound, one wrong trade can make your capital or a part of it stuck as it is not very easy to time the market perfectly and only someone who is very much experienced can do that and even those won't be able to time it perfectly.

[Youngkhngdiddy]

 you should know that there's no platform that guarantees 100% profit without loss when trading bitcoin, you have to only risk a capital that you can afford to loss in a case of loss while trading, you don't make quick money when trading  bitcoin it takes patience and good trading skills however there are many platform where you can make money through cryptocurrencies, ranging from investing to active, trading to stake, app such as binance, meta trader, octafx, etrade, houbi, and many.
 You can also use the coinmarket cap to explore the crypto market, then choose a reliable trading platform and develope a trading strategy.

[imamusma]

you should know that there's no platform that guarantees 100% profit without loss when trading bitcoin, you have to only risk a capital that you can afford to loss in a case of loss while trading, you don't make quick money when trading  bitcoin it takes patience and good trading skills however there are many platform where you can make money through cryptocurrencies, ranging from investing to active, trading to stake, app such as binance, meta trader, octafx, etrade, houbi, and many.
 You can also use the coinmarket cap to explore the crypto market, then choose a reliable trading platform and develope a trading strategy.

I think the OP hasn't been talking about trading strategies where as I read the content of his thread it just focuses on which platforms are good to trade on. Some users recommend Binance and Kucoin, but the best are local trading platforms which may also have got their government license.

So far I'm using Binance and local exchanges, but you (OP) have to have a good strategy to expect profit. Try avoiding futures trading and focus on spot trading.

[Alisha-k]

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 should state what country you're posting from, it'd be easier to get response when you do that.
I've used binance for over 5 years and aside their current hike in transaction charge, I've not had any regrets using the platform.

[Mttewndew]

I understand your frustration with forex trading apps not being the best fit for bitcoin trading. Have you heard of XGo? It's a web 2.5 platform designed to bring the benefits of cryptocurrencies closer to the masses. With this platform, you can trade bitcoin effortlessly, thanks to its intuitive features like trade/buy/sell/and swap options. It's worth checking out for a more seamless bitcoin trading experience.

[greek_hephaestus]

I understand your frustration with forex trading apps not being the best fit for bitcoin trading. Have you heard of XGo? It's a web 2.5 platform designed to bring the benefits of cryptocurrencies closer to the masses. With this platform, you can trade bitcoin effortlessly, thanks to its intuitive features like trade/buy/sell/and swap options. It's worth checking out for a more seamless bitcoin trading experience.

 At the time of bitcoin trading came choose a reliable and user-friendly platform. There are several popular apps and websites specifically designed for trading Bitcoin, such as Coin base, Binance, Kraken. for your trading wanted one that best suits your trading needs. Additionally, be sure to prioritize security by selecting platforms with strong security measures in place to protect your funds

[Bushdark]

Since what you came across is forex and you get to study about it but trying to implement it to CRYPTO TRADING its not working my best advise will be try giving for STUDY a chance you might end up doing better with forex than crypto and forex is more sustainable and regulated.

Thise who started there trading career from the forex trading do have more hedge and understanding about the market than people that started trading without having a concrete idea of the forex market. It is clear that the forex market has a minimal difference from the cryptocurrency market because of the trading pairs and how the cryptocurrency market works.

We know that the forex market is bigger than crypto market but this would only take a limited time for people to see the difference and hownthe crypto market will dominate the currencu market in few years coming. We should always try our posible best to earn well from trading or else we might to disappointed by the outcome we might get.

[South Park]

If you want to trade in bitcoin, you need to trade bitcoin with some wisdom. Suppose you trading some money in Bitcoin, you split this money into two parts, trading the first part of the money long-time in Bitcoin, and convert the second part to stable coin. Later when the market price of bitcoins drops, or the bitcoin market crashes, trade bitcoins with this money. Then you will get good amount of profit immediately. So if you trade Bitcoin like this you can get success very quickly.

Actually, not everyone gets success in trading because most people don't prefer learning before starting their journey, for such people, buying low and holding for long-term is the best solution. Buying and selling in short intervals requires experience and knowledge and if you don't have that, you can barely become a successful day trader or scalper. So if you don't know much about the market, you should simply just buy and hold.

Day trading might not look so difficult but it also isn't as simple as it may look or sound, one wrong trade can make your capital or a part of it stuck as it is not very easy to time the market perfectly and only someone who is very much experienced can do that and even those won't be able to time it perfectly.

Unfortunately newbies do not even take the time understand the nature of the markets, if they did so they will immediately understand why it is impossible for every single person to make money on the markets, after all the markets are a big competition in which we are competing against every single trader out there, and just like in our favorite sport or competition there are winners and there are losers, and anyone that wants to join the winners needs to make a huge effort to reach that goal, as this is the objective of every single trader out there.

[lalabotax]

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?

I do agree with some opinions by members here, if you find any local exchange, you can use it. But if you are still confised and don't know which one is reputable, you can check global exchanges. Such as Binance, Coinbase, Gate.io, Kraken, and others. They are available to find in Coin Market Cap, find the top exchanges. You can find the exchanges providing several types od trading. Not only future trading or with leverage, there is also spot trade market that is less risks than the future. You can learn more on each platform information. Btw, you may need some KYC process verification in some exchnges if you mind.

[Aanuoluwatofunmi]

Since what you came across is forex and you get to study about it but trying to implement it to CRYPTO TRADING its not working my best advise will be try giving for STUDY a chance you might end up doing better with forex than crypto and forex is more sustainable and regulated.

You can't expect him to have a forex trading experience and still have same result when applicable to bitcoin trading, they may both constitute a common term which is trading but are different things entirely, my advice here is to go through the whole and entire process of learning bitcoin trading from the scratch and build another additional leaning opportunity over the one already learnt in forex.

[synchronym]

If you want to trade in bitcoin, you need to trade bitcoin with some wisdom. Suppose you trading some money in Bitcoin, you split this money into two parts, trading the first part of the money long-time in Bitcoin, and convert the second part to stable coin. Later when the market price of bitcoins drops, or the bitcoin market crashes, trade bitcoins with this money. Then you will get good amount of profit immediately. So if you trade Bitcoin like this you can get success very quickly.

I think it will be better to trade in Bitcoin than other coins. When the Bitcoin market goes down you can invest some money and trade. By doing this, you can see that you can make a good profit by investing a small amount of money. But you have to be careful about this. Since cryptocurrency is legal in many countries around the world, you should exercise extreme caution when investing in countries where cryptocurrency is illegal. Otherwise you may be at risk. But now the business brothers run their businesses through their smartness precautions. Through this they achieved success.

[Fivestar4everMVP]

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 think I've once also tried trading bitcoin in a Forex app, as I saw that the broker listed bitcoin and Ethereum on their platform as well, but like you experienced, it's almost the same for me as well, that is when I realized that crypto trading is a bit different from Forex trading.

The best way to trade bitcoin as a day trader is to make use of the centralized exchanges like binance, coinbase, kucoin and the likes, depending on the country you live in, check with all the top exchanges, from 1 to 5 according to coin market cap ranking, which of this exchanges operates legally in your jurisdiction/country of residence, so when you find one, you can download their app from the app store, sign up and account and pass kyc verification, this will enable you to also have access to the futures market, which Is the market where professional traders trade bitcoin and other listed crypto assets.

[RewFrew]

I will suggest you for Bitcoin trading exchanger is best not forex app. I think Exchanger is best. Because you can easily trade with bitcoin in different exchanger. Like Binance, kucoin, gate.io, polonix, bitforex and so on. All af them Binance is best i think. Binance is largerst exchanger in the crypto would. Abd Binance is more secure,reliable, and very comfortable. Anyone can trade Bitcoin here early. On the other hand forex app is not earlier for bitcoin trading i think.Forex app is good for forex trading But for Good crypto trading exchanger is best. Many many Crypto currency exchanger available in this time. You can choose good Exchanger and trade there.

[ItsCrafty]

If you want to trade in bitcoin, you need to trade bitcoin with some wisdom. Suppose you trading some money in Bitcoin, you split this money into two parts, trading the first part of the money long-time in Bitcoin, and convert the second part to stable coin. Later when the market price of bitcoins drops, or the bitcoin market crashes, trade bitcoins with this money. Then you will get good amount of profit immediately. So if you trade Bitcoin like this you can get success very quickly.

There are different exchanges where you can trade safely in Bitcoin. If you are well aware of crypto trading, then there is no problem earning marginal profits through it. As with every business, there is a rule that before starting it, you should get enough information about it, work thoroughly on it, review and analyze it in detail, and then start it. The same is true with cryptocurrency. Trading Bitcoin successfully requires a combination of knowledge, skills, and strategic decision-making. Start educating yourself with dedication. Select a reputable cryptocurrency exchange that offers a user-friendly interface. Define your trading goals and utilize technical indicators. It is better to invest in different coins rather than one for any loss.

[Bushdark]

Since what you came across is forex and you get to study about it but trying to implement it to CRYPTO TRADING its not working my best advise will be try giving for STUDY a chance you might end up doing better with forex than crypto and forex is more sustainable and regulated.

There are some similarities you need to know as a forex trader coming to trade in the crypto market because this is two different market that has different patternd traders cam utilize skills to trade it. For you to understand the crypto market very well, you will need to learn little about cryptocurrency so that this would not limit your understanding about the market and how it's working. Traders that had been trading the crypto market for long toko might not understand the forex market because the forex is regulated and the market volatility is mostly based on fundamentals.

[kojektea]

I think you should also try spot trading. like what's on binance, it's fairer and easier to understand. I guess what is similar to trading forex in bitcoin they call it futures trading. actually it's not complicated to trade but you have to try it yourself from the easiest, even if you've traded forex, it doesn't mean trading bitcoin is the same, because there are several types of crypto trading. one of them is spot trading.

[nlovric]

First and foremost you must take into account the nation to which you belong because different nations have different cryptocurrency legislation. While cryptocurrencies might be permitted in some nations they might not. It is important to know that Bitcoin and Forex are two different things because you reported having problems with Forex trading and suffering losses. As a result you should become familiar with Bitcoin unique traits such as price volatility, market analysis, current circumstances, and other elements that are important in trading. Only then can you utilise indicators and trading methods that are appropriate for Bitcoin which may not be the same as those used for Forex. Additionally there are a number of trustworthy exchanges, including Binance, Coinbase, MEXC, Kucoin, and more where you may easily trade Bitcoin through the apps for each of them.

[nlovric]

First and foremost you must take into account the nation to which you belong because different nations have different cryptocurrency legislation. While cryptocurrencies might be permitted in some nations they might not. It is important to know that Bitcoin and Forex are two different things because you reported having problems with Forex trading and suffering losses. As a result you should become familiar with Bitcoin unique traits such as price volatility, market analysis, current circumstances, and other elements that are important in trading. Only then can you utilise indicators and trading methods that are appropriate for Bitcoin which may not be the same as those used for Forex. Additionally there are a number of trustworthy exchanges, including Binance, Coinbase, MEXC, Kucoin, and more where you may easily trade Bitcoin through the apps for each of them.

Furthermore, it's best to start modest and gradually expand your exposure as you develop expertise and confidence in Bitcoin trading. It's also critical to keep up with the newest cryptocurrency news and developments, since they may have a considerable influence on Bitcoin's price swings. Before investing in Bitcoin trading or any other type of speculative investment, it is suggested that you conduct extensive research, exercise risk management strategies, and consider getting guidance from experienced traders or financial experts.

Undoubtedly, it is great to begin trading Bitcoin with a modest strategy to allow for progressive growth as you gain experience and trust in the market. Knowing the most recent news and events in the cryptocurrency sector is essential since they have a significant impact on the volatility of Bitcoin price. It is crucial to carry out extensive research use risk management strategies and seek advice from seasoned traders or financial experts before investing in any other crypto or BTC speculative asset. You can navigate the market more skillfully and make wise trading decisions by taking these safeguards.

[lixer]

First and foremost you must take into account the nation to which you belong because different nations have different cryptocurrency legislation. While cryptocurrencies might be permitted in some nations they might not. It is important to know that Bitcoin and Forex are two different things because you reported having problems with Forex trading and suffering losses. As a result you should become familiar with Bitcoin unique traits such as price volatility, market analysis, current circumstances, and other elements that are important in trading. Only then can you utilise indicators and trading methods that are appropriate for Bitcoin which may not be the same as those used for Forex. Additionally there are a number of trustworthy exchanges, including Binance, Coinbase, MEXC, Kucoin, and more where you may easily trade Bitcoin through the apps for each of them.

Many underestimate it. They did not know that their efforts and profits are still going to waste later on, once they found out that they are trading Bitcoin illegally if they were one of those countries who restricts the use of it. Bitcoin is one of the cryptos while forex is a general term just like crypto. Both of them are the same currencies but cryptos can also be used as an asset.

This is why people can invest on it but in forex, I think people can only trade on it and the volatility rate there is also lesser but that means the risks are also low. So that's their pros and cons. It's up to us now if which we are going to prefer but its also possible to deal to the both of them.