As the month went on I spent hours trading. I’d buy when the price looked like it was going up, and sell when it looked like it was going down. I didn’t use any technical indicators and I didn’t have a strategy. But it worked. I made enough to pay my rent, so the possibility of making a living from this was validated.
This is the simplest strategy, but a very important one. Through traffic on my blog, I can tell that interest piques when a coin’s value is rising. Oddly enough, it seems when a coin is on an upward trend, people are more anxious to buy. Then, when a correction happens and the price dips, people sell them off quickly. Almost in disgust, lol.
Bitcoin continues to test our major support, remain bullish for another bounce while keeping a tight stop loss. Buy above 9381. Stop loss at 8897. Take profit at 10728. Reason for the trading strategy (fundamentally): The big news event on the horizon is the US Congress set to hold a hearing next week on cryptocurrencies and initial coin offerings (ICOs). The …
Well guess what? Trading cryptos is almost identical to trading penny stocks.. Only they trade 7 days a week and the commissions are almost non existent. I easily pay over $15,000 a year in commissions with my regular broker, $5 in and $5 out per trade. But not with cryptos, the commissions are so small that you probably wont even notice them. Ok, what about trading software? Don’t i use very sophisticated trading software to find good trading opportunities and read charts? Sorta, i guess… But in crypto land we have great trading software too: I trade with Coinigy (https://www.coinigy.com) It allows you to link your trading software directly to your exchange of choice. Then you can trade directly on the charts and make very quick trading decision on multiple exchanges right from the one trading platform. I highly recommend them.
The semiconductor business of Samsung is thriving. The other day, the firm surpassed Intel as the key chipmaker in the globe. However, the South Korean company is not on comfort zone, and is presently planning to advance to cryptocurrency mining, which is the most active modern for processors. TechCrunch stated that Samsung has established […]
Don’t over trade – If you have one or two losing trades in a row, you are done for the day. Do not keep trading or you will just be chasing gains and you will lose even more. As you become much more experienced, you can push this further. But when starting out and even as an intermediate trader, if you lose 1 or 2 trades, then stop for the day, you are done.
On the flip side, if a big company announces they’ll be incorporating the use of a currency into their business, prices can climb quickly. If you’re aware of any news and can react rapidly, you’ll have an edge over the rest of the market.
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You can move up the list by inviting friends to join Robinhood. If your friends sign up, you’ll not only get access to Robinhood Crypto sooner, but you’ll also both get a free stock like Apple, Ford or Sprint.
Choosing the “Send money” to transfer the type where it reads “Purchase” (below will be goods, ebay items and services) to be switched to the “Personal” section (it will be written in Gifts, living Expense payment owed and other) have to choose GIFT. Then will not take any commission for you and the recipient. Be careful.
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Yeah, I’m starting to get the impression that one’s intuition is very important when playing this game. Cryptos are still in the infancy stage, so you’d have to be on your game in order to live off of day trading.
Trading Contracts for Differences (CFDs) in Cryptocurrencies carries a high level of risk and is not suitable for all investors as there is no specific EU regulatory framework governing the trading of such products and trading these products falls outside the scope of the MiFID regulated activities.
Cryptocurrencies are encrypted digital currencies which are transferred between peers. They are decentralized, meaning not governed by any bank or government institution. They are a sequence of encrypted codes transmitted and stored over a network. All transactions are confirmed and stored on a public ledger. The system uses other complex techniques to certify and validate the record keeping process. Lack of regulation for cryptocurrencies mean that they are highly volatile by nature, and an investment with this can make a lot of money fast, and at the same time it can turn and one can lose money fast. The reason it is not yet accepted by a lot of businesses is partly due to the lack of regulation. There is a set amount of digital coins that can be created and which was outlined from the beginning, after that number is reached no further coins can be produced. The reality is such, that Bitcoin and digital currencies prices rise and drop for various reasons such as media and bad press, news events, and government statements, more people are using it and for this reason the price is rising. Their unpredictability makes it exciting for most traders. Moving forward there are discussions on how to manage the currencies and that in itself can swing the price.
AUR has a 50% premine… the airdrop means the supply of coins in circulation will increase while the demand has largely diminished. No one knows for sure but I think it’s pretty safe to say that the airdrop will lead to further price collapse.
There are other exchanges out there that are specifically designed for high rollers, Cumberland mining will only accept clients who are looking to invest over $100,000. However for those in the middle I would recommend you check out CryptoGo.
I ruled myself free to apply discretion in my index-tracking. It was very clear early on that Ripple was in a secular bear market against Bitcoin from 18 May and I quickly became and stayed underweight in Ripple.
The cryptocoins are then listed on exchanges after the successful launch. If it becomes popular, the value begins to rise fast. It can even rise from that $0.00005 to as much as $2 in short period of time. What would that translate to? If you buy $100 worth, it would simply give you 2 million coins and by the time the price rises to $2 per coin in a year or two, you will simply have 2 million coins x $2 and that gives you $4 million.
Okay, so the purists wouldn’t say this is real method of trading analysis, but it deserves a mention. It’s simple: momentum traders look for coins that are moving up fast in high volumes, and jump on the bandwagon by buying in then selling at a higher price. Most amateur traders start out with this type of analysis, as it’s the simplest concept to grasp.
Keep in mind, trading hours for options and stocks through Robinhood Financial are 9:30am-4:00pm EST, unless you’ve upgraded to Robinhood Gold and have access to extended trading hours from 9:00am-6:00pm EST.
Open an account in BTC. Of course, it’s easiest to trade in dollars, however, opening an account in BTC for Forex can raise your profit enormously. Moreover, some brokers allow trading with ordinary currency pairs when opening an account in BTC;