1. Crypto WhalesAccording to a few theories, the whales have a mastermind plan to own 70% of all the major crypto assets and ultimately control the price. According to this theory, they used their money and influence to scare the traders and make them sell their crypto assets at a really low price out of fear to not lose more. Once the whales will regain ownership of the majority of crypto assets, they will move the selling order to a higher price and regular traders will be excited and buy them at a bigger price considering that they will get rich once again. Supposedly, this has already happened in December 2017.2. PoliticsAnother theory points out that entrepreneurs and politicians used cryptocurrencies to manipulate elections, riots and other movements in smaller countries. Supposedly, foundations owned by some of the wealthiest men alive have sent cryptocurrencies to fund those responsible for different political movements from different countries. Once the European elections will take place in the next months, they are expected to send cryptocurrencies once more and thus, increasing their price.3. Money LaunderingAccording to this theory, cryptocurrencies have been used to justify the source of illicit money. The trick of buying Monero or any privacy coin and then turning it back into Bitcoin and real money has worked for hackers, why wouldn't it also work for the mafia and other illicit organisations?4. Unrealistic expectationsAnd yet, probably the most realistic theory is that at the end of 2017, cryptocurrencies gained a wider media exposure and people from all over the world considered it was the right time to invest. Once the price of Bitcoin got to almost $20 000, a scavenger hunt for the next Bitcoin started, and most investors turned their attention towards ICOs. They all looked for the one that will moon and sadly, because of the lack of regulations, many took advantage of their good faith and money. Because 85% of the ICOs started during 2017-2018 turned out to be scams or without sustainability on the long run, people started to lose faith in this industry and try to minimize the losses or wait for better days to come.With the worldwide regulating of cryptocurrencies and arrival of legit projects, the market is slowly expected to redress and encourage old investors to come once more and give the crypto market a second chance.
With over 50+ years of combined trading experience, Trading Strategy Guides offers trading guides and resources to educate traders in all walks of life and motivations. We specialize in teaching traders of all skill levels how to trade stocks, options, forex, cryptocurrencies, commodities, and more. We provide content for over 100,000+ active followers and over 2,500+ members. Our mission is to address the lack of good information for market traders and to simplify trading education by giving readers a detailed plan with step-by-step rules to follow.
It is also possible to employ margin trading with a vast number of brokers that offer CFD trading on the Bitcoin and other cryptocurrencies. According to InsideBitcoin’s crypto trading guide found here, it is possible to go both long and short as well as access the leverage of 20:1 with such brokers as eToro. Next to this, the platform is available for both EU and US traders and provides a platform full of useful features, the main one being the Copy Trading.
Simple Method To Make $100 A Day Trading Cryptocurrency As A Beginner | Tutorial Guide
Blockstation, a leading Canadian FinTech company founded in 2014, provides one of the first digital asset trading solutions for stock exchanges. It provides the end-to-end and compliant listing, trading, clearing and settlement of digital assets and security tokens for the entire ecosystem of broker-dealers, investors, issuers, depositories and regulators. Blockstation enables stock exchanges to quickly meet investor demand for digital assets and attract new listing and trading revenues. The solution fits existing IT infrastructure, trading processes, risk management and regulatory frameworks. www.blockstation.com
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Forex Trading Course (LEARN TO TRADE STEP BY STEP)
Forex is, without a doubt, the largest currency market in the world. It has been around for longer and is therefore bigger than cryptocurrency trading. Forex traders make profits by gauging the health of different pairs of fiat currencies and exploiting the difference in exchange rates. The more a currency’s value varies, the bigger the profit margin and the higher the risk too. Crypto trading follows a similar concept. Traders basically exchange different types of cryptocurrencies such as Bitcoin and Ethereum in a bid to make profit.
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Beginner Method: $100-$1000/Day Passive Cryptocurrency Trading 2020! Bitcoin Bitmex, Binance, Bybit
On the other hand, traders are in the for the short-term goal. Traders work according to the current charts and accordingly trade in the Crypto pairs. Traders goal is only to trade daily with their cryptocurrencies and generate their income. After a detailed analysis of the current market, they accordingly plan their strategy and play in the market. So decide properly what you want to do in the crypto world.
The cryptocurrency market is insanely volatile. You can make a fortune in a moment and lose it in the next whether you trade Bitcoin, another coin, or even a stock like the GBTC Bitcoin Trust. Consider mitigating risks, hedging, learning some TA, and not “going long” with all your investable funds. TIP: If you trade only the top coins by market cap (that is coins like Bitcoin and Ethereum), or GBTC, then the chances of losing everything overnight are slim (not impossible, but slim). Other cryptocurrencies are riskier (but can offer quick gains on a good day). In general, coins with lower market caps and volumes tend to offer a greater risk / reward.
eToro, headquartered in Cyprus, England and Israel, has provided forex products and other CFD derivatives to retail clients since 2007. A major eToro plus is its social trading operations, including OpenBook, which allows new clients to copy trade the platform’s best performers. Its social trading features are top notch, but eToro loses points for its lack of tradable currency pairs and underwhelming research and customer service features
Packed With strategies, examples, and ICO walkthroughs, this cryptocurrency trading course has been written from a trader’s perspective. The best part about this course is that there are so many practical exercises to put your knowledge to test and start trading. It follows a learning by doing approach and through live trades, thus giving you the confidence to open your own trades by the end of the course. You would be diving deep into the details of concepts like major market & cryptocurrency exchanges, ways to secure your cryptocurrencies, working examples of trades, how you can make the most of the initial coin offerings.
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The foreign exchange market is usually referred to as the Forex market. This was considered the best place to be for an investor just starting out prior to the rise of the cryptocurrency market. This was mainly because the cryptocurrency market was over the counter and decentralized. This is very similar to the current cryptocurrency market. The Forex market has always been easily accessible to traders across the globe.
Alternatively, any bullish pressure is expected to be halted at the upper boundary of the range priced at $2.49. If the market does manage to break up above the upper boundary of the established trading range then immediate resistance expected higher is then expected at the 100 day moving average level. The 100 day moving average is currently hovering at the $2.75 handle is expected to provide significant resistance moving forward as the market has not challenged the 100 day moving average since April 2018.
The Bitcoin network runs on blockchain technology and requires miners to handle the validation of transactions. For this service, they are rewarded with a set number of BTC. This block reward is halved every 210,000 blocks and is currently set at 12.5 BTC. However, each miner is paid about 10.4 BTC.Block rewards are intended to cover a miner’s costs and usually, the expectation is that miners will choose to sell off their earned Bitcoins to cover these costs. This process releases new Bitcoins into circulation.Since there will only ever be 21 million BTC in existence, halving the block reward as the demand for Bitcoin increases, ensures that its value is never driven down due to inflation. This also means that there may be a decrease in supply and an increase in demand and ultimately, its price. The next halving has been predicted to happen in May 2020, in about 320 days.This could signal a huge payday for investors and as a result, they are preparing for it by buying up available Bitcoins, inadvertently driving up the price.
I am full-time day trader of e-mini futures (ES and NQ) and -Binaries (on NADEX). I would like to diversify my portfolio and trade Crypto’s. I would like information on Demo trading accounts and legitimate Trading bots. I am also looking to get into Gladiacoin (are you familiar with this company)? If you are familiar with them, are they legitimate traders or are they a ponzi scheme? Thank you!
Since Forex trading is so established, it is a regulated and mature market. This means that middlemen are everywhere in the Forex world. From brokers to exchanges, and other hidden fees and costs, Forex trading can get expensive, even before a trader has turned a dollar in profit. This means that Forex traders need to have pretty substantial capital also before they can trade. Institutional involvement is another significant aspect of Forex trading. Unlike crypto, Forex traders are competing with established banks, high-frequency traders, and other specialized firms. This institutional involvement can make it difficult to compete.
Forex vs Crypto
A beginner might prefer to trade cryptocurrency stocks on the stock market. For example, GBTC is a trust that owns Bitcoin and sells shares of it. Trading GBTC avoids you having to trade cryptocurrency directly, but still allows you exposure to Bitcoin. Beyond GBTC (and the Ethereum ETHE and Ethereum Classic version ETCG), your options are very limited for crypto stocks. Be aware that GBTC often trades at a premium (meaning bitcoins are cheaper than buying shares of the GBTC trust), which isn’t ideal. Also, cryptocurrency trading is a 24-hour market, where the traditional stock market is not. Learn more about the GBTC Bitcoin Trust and the related pros and cons before you invest.
The most obvious difference between the two is that foreign currencies have been exchanged since as long ago as the 19th century, when the broad adoption of the gold standard set a yardstick against which the strength and weakness of a currency could be measured. In the early days of forex trades of this kind involved physical currency, but since the late 20th and early 21st century the forex market place has been fully digital in nature, something which played a huge part in opening it up to a global army of retail investors.
Trading on an exchange means you need to understand order types. Unless you are using a broker service like Cash App or Coinbase.com, you are going to have to understand the difference between a limit order and market order. And, on some exchanges, you’ll also need to understand how stops work. If you are trading on an exchange, also make sure you brush up on the concept of slippage. Crypto markets can lack “liquidity,” so please be very careful placing big market orders! Learn more about order types.
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The forex and crypto markets share characteristics but they couldn’t have a more different risk-reward dynamic. If you want a smooth, liquid market that rewards patience, forex may be your game. If you’re looking for pure growth, then you may want to look into cryptocurrencies. Consider talking to a financial advisor about forex versus crypto, and never speculate in any market with money that you are not willing to lose.
Trading Strategies. Day Trading and Scalping: Short-Term Trade / Intra-Day Trade. Short-Term Support / Resistance Reversal Strategies. Short-Term Volatility Breakout Strategies.