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Intcatekin

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  1. You will get used to this in a week if you work on it, of course. In my opinion, it’s even a positive thing about cryptos that they don’t have a strict news system because it makes trading less stressful. You don’t need to expect anything and be ready for a situation when this expectation is not met and the data is worse or the previously released. Just follow crypto news on specialized resources.
  2. I guess you should follow crypto news on Twitter. Besides this, there are a lot of Internet resources devoted to cryptocurrency. You should have them bookmarked. Yeah, there’s a big difference between news trading on Forex and what we see on the crypto market. Unfortunately, when trading cryptos we can’t have a schedule that could tell us when Musk is going to write another all-mighty tweet and we don’t have prompts such as those available on Forex news. I mean previous data and expected by the crowd. Here you should look for news all the time.
  3. I think I should have a rest. The market should calm down after the Fed’s storm and it also applies to me. But I intend to ponder over charts on Sunday. It’s getting a more exciting thing for me.
  4. That’s so sad that I missed an opportunity to trade at the time of the last Powell's speech! You know that the Fed made a pleasant surprise for bears on EUR/USD as well as other pairs. But at that time I was having a party with my friends. I somehow forgot about pending orders or simply was reluctant to risk. Afterall, I’m not a robot and I can’t control all the time. I took a look at the EUR/USD chart and that’s so sad. I have no idea how to break into this mess. It was a so steep dive, so it only remains to hope for a correction to join a downward ride. But I hope I will finally manage to break into this ride. Really hope that the market will not kicked me out. What about your yesterday’s experience, guys?
  5. Yeah, because it gives me peace of mind. I can’t imagine trading such volatile and liquid assets with floating spreads. I can trade currencies with floating spread, but metals and crude are different. For a week of trading crude and metals I increased my ECN account to $343. Most of my gains I attribute to crude, while most of my metal trades were losing. The situation with metals improved when I started trading them early in the morning. So, crude is more preferable.
  6. So, as I told, I shifted to metal and crude trading and as of now I can say that crude is much easier to trade. However, it may be just a matter of personal preferences. Metals are too volatile for me, especially gold and silver. It’s true for most of the day starting from the European session and till the end of the American one. However, I noticed that early in the morning gold and silver are less volatile and that’s the only chance to enter the market in a relatively calm manner. What can I say about gold and silver? Extreme volatility and therefore candlesticks that grow at light speed and then instantly reverse. I don’t know whether it was always like this or not. But they are liquid and therefore more profitable, but it’s not easy to trade this stuff. Crude is also volatile but it seems more predictable. At least, I can trade it throughout the day.
  7. That’s what I want to do. Afterall, with this broker I can trade Bitcoin only, but it has many other worthy assets I want to make the most of.
  8. I have just stopped my crypto trading. No, I’m not going to give it up. I have two trading accounts and cryptos are not the only one assets I can trade. I find precious metals and energies promising too. I should say that previously I traded them from time to time but when that crypto marathon burst out once again in the summer of 2020 I forgot about many other assets. No matter how promising cryptos are, I realize that I shouldn’t miss other lucrative opportunities. I’m particularly interested in gold and Brent oil. These are not only liquid and highly volatile assets but also instruments that influence other financial instruments, in particular currency pairs.
  9. I heard that serious guys have invested a lot in Bitcoin as well as altcoins, so it’s no wonder that if BTC may hit $100. Why not? I put much value on the last halving. You know that the value of BTC goes up drastically after every halving. By the way, when the last halving took place, Bitcoin didn’t grow immediately. I remember that it disappointed me and I thought that it was the beginning of the end of Bitcoin. You know that many experts kept repeating that Bitcoin had no value and other pessimistic stuff. But it managed to grow and it was a pleasant surprise for me. I keep chasing Bitcoin with AAFX and hope for the better, although sometimes this crypto ride exhausts me.
  10. Well, I see that Bitcoin has recently managed to hit $61k but now I don’t know what it’s going to do. It feels like it’s going to correct, but I don’t have an idea where that resistance level that can stop it.
  11. In order to properly invest money in a new cryptocurrency, you should carefully study it It is important to study the past of the project team and who is behind it. Determine how interesting and promising the underlying idea is. Check for MVP - minimal working prototype. Check the execution of the roadmap. It is important to understand how the project is progressing, whether deadlines and deadlines are being met. Get to know the project community. It is important to study the general information field around the startup and see how branches are maintained in specialized forums. Determine the market value of the project. That is, to understand whether the market really needs it and whether it will be useful.
  12. I really doubt that it will rise a lot. It may hit $60-62k and then it should dive. I do believe that it’s capable of reaching $100k someday, but as any other asset it can’t do without corrections. So, I have decided to take a rest from cryptos and shift to something else. Of course, I will continue holding my BTC trade, but I’m ready to short it at any time. Now it’s time to broaden my outlook. For the last time I kept an eye on major currency pairs, crude and gold and it turned out a fantastic discovery for me. It feels like AAFX is even more suited for trading these classical financial instruments and I’m glad about it. I can use higher leverage for these assets, including 1:2000. But as I learned, I should pay much attention to news and various fundamental factors. Moreover, here I’m expected to actively trade within a day. It seems harder than trading BTC but it’s also very absorbing. I’m still learning but soon I will start actively working with majors throughout the day.
  13. I should say that I’m totally exhausted by cryptos despite my great interest in these assets. Guys, perhaps, you feel that Bitcoin is gradually losing steam. Yeah, it got to $50K, but at the same time it seems to me that it’s very overbought. A couple of months ago, its candlesticks looked wilder and steeper. Now if you take a look at the chart, you will see this beast crawling up cautiously nearly in the stealth mode. It feels like it’s frightened and may fall. Of course, I don’t think that it should tumble to $2k. No, no, it will not happen, I guess. I just think that a long-awaited correction is around the corner.
  14. Yes, I’ve been already trading Bitcoin for two weeks. I managed to increase my depo on this account from $120 to $210. Despite a straightforward dynamics now, I trade cautiously and don’t forget that AAFX offers 1:10 leverage for crypto trading, and it suits me. Crypto trading is a different thing, but soon I will get back to my ECN account to use higher leverage. These are different emotions and I like this too.
  15. This asset is the basis for the work of a huge number of modern traders. Thank you for not forgetting to talk about it.

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