Category: Traders’ Secrets

Traders’ Secrets is something that everyone would like to know, right?
How is it possible that some traders are successful all the time while others fail to make a profit all the time?
That is exactly what Traders’ Secrets will show you.
Traders-Paradise’s team reveal all trading and investing secrets to you, our visitors.

What will you find here?

How to find, buy, trade stocks, currencies, cryptos. You’ll find here what are the best strategies you can use, all with full explanation and examples.
Traders-Paradise gives you, our readers, this unique chance to uncover and fully understand everything and anything about trading and investing. The material presented here is originated from the experience of many executed trades, many mistakes made by traders and investors but written on the way that teaches you how to avoid these mistakes.

Moreover, here you’ll find some rare techniques and strategies that are successful forever, for any market condition. Also, how to trade with a little money and gain consistent returns. By following these posts you’ll e able to trade with greater success. You’ll increase your profits and your wealth, of course.

The main secret of Traders’ Secrets is that there shouldn’t be any secret for traders and investors. Rise up your trade by reading these posts, articles, and analyses!

You’ll enjoy every word written here. Moreover, after all, your trading and investing knowledge will be more extensive and effective.

Traders’ Secrets will arm you with those skills, so you’ll never have a losing trade again.

Alert System Activate! Danger In The Air?

When is danger in the air Bitcoin alert system will be activated.

What? You didn’t know that Bitcoin has a warning system? That’s because it’s a private key the cryptocurrency’s creator entrusted to several bitcoin developers that activate the protocol’s so-called “alert system,” once used to flash a text warning to those running the software in case something happened that could impact the security of their funds.

About a year ago it was like this:

On January 19, 2017:

The Final alert has been broadcast. This final alert essentially disables the alert system by overriding all alerts, preventing other alerts from being broadcast, and displays the static message “Alert Key Compromised”. The Alert Key will be published in the coming months, was only known info.

After that, on March 8, 2017:

Bitcoin Core 0.14 released with hard-coded final alert. The Alert System was disabled and deprecated in Bitcoin Core 0.12.1 and removed in 0.13.0. The Alert System was retired with a maximum sequence final alert which causes any nodes supporting the Alert System to display a static hard-coded “Alert Key Compromised” message which also prevents any other alerts from overriding it. This final alert is hard-coded into this release so that all old nodes receive the final alert.

On May 1, 2017:

Postpone release date of Alert key. Older clients could contain Alert handling code which is exploitable using the alert key, therefore the public release of the key has been temporarily postponed until considered safe.

A few days ago, Bitcoin Core contributor Bryan Bishop twitted: ‘‘It’s time to reveal the bitcoin alert keys.”

Who is in command of the alert system?

This tweet is followed by a string of tweets without fully revealing it but quite cryptographically proving he’s in possession of the secret key.

“It’s time. I’m thinking about releasing the private key early July at Building on Bitcoin, though it’s not finalized yet.” Bishop told. But he isn’t sure about the exact date of adding:

Anyone with the alert key can send alerts to the Bitcoin network that would show up in GUI. Since this is centralization, Core developers are working on removing this power from themselves, to ensure BTC stays decentralized.

What is the use of the alert system? Can be used to span?

After May 1, 2017, no developer with possession of this secret code took an action. Until now.

On the other hand, Bishop is giving to these projects and developers one last chance by sending messages on Twitter and through other channels.

This kind of pressure which is coming from Bishop shows that Bishop and others are worried about attacks on their reputation. For instance, if the private key was compromised and used to sign a message with bad intentions, it could be blamed on one of the Bitcoin Core developers who’s known to have the key.

“It would be better if the key was released,” said Bishop.

Where is the catch? Nobody knows the full list of people that have access to the private key. But the secrecy is a liability because some of the people who have the key are known in public.

Revealing the key is potentially dangerous for any cryptocurrencies.

If they used an older version of bitcoin’s code to create their cryptocurrency, and they did that, and they have not disabled the alert key mechanism in their own code, the other altcoins are in danger.

“If the copycats have not disabled the alert system, nor changed the alert key [public key], and if they have not sent what’s known as a final alert message, then once the [bitcoin] keys are released, anyone will be able to send alerts on those [other] networks,” Bishop told CoinDesk.

26th June 2018
Bitcoin use: The New Era Has Started!

Who would use the fiat anymore

By Guy Avtalyon

I would like to tell you a few words about our global educational system. All over the world! They never teach us about even basic finance and who can expect now that people can understand and adopt something complex such is Bitcoin or any other crypto.

What teachers taught us?

My teachers taught me how interest was compounded.

The reasons may not be so clear, but if banking history and monetary theory were taught in schools, no one would use the fiat system. Is so obvious. On the other hand, Bitcoin is a lot simpler than the fiat system, but people are legally compelled to adopt fiat.

They are forced to! And it is globally. The situation is even worse than that. The people teaching youngsters these days have grown up under Keynesian economic theory (also called Keynesianism). So, they strongly believe that money is defined as money only if you can touch it, smell it, or hear the sound of counting money.

Keynesians cover different macroeconomic theories. They believe that in the short run, especially during recessions aggregated demand has a powerful influence on economics. Behind Keynesian theory stand the idea the governments should increase demand to boost growth. These economists believe buyers’ demand is the principal driving force in an economy. This theory promotes the expansionary fiscal policy. The theory strongly depends on government spending on infrastructure, unemployment compensations, and education. Well, the drawback of this theory is that overdoing Keynesian policies boosts inflation.

It was very difficult for me a few years after Bitcoin came into my view to free my mind from its previous training.

Ok, some people adopted new technology like ones who buy Android phones or some who run Linux as desktop. Some people are spoon-fed technology, like ones with iPhone or OSX.

Anyway, I don’t expect people to understand.

Bitcoin use

Adoption of something doesn’t require understanding. We all use the internet in every segment of our lives but we can’t point our finger and say “Here! This is the internet!”

If you ask someone how they understand that the universe is infinite and how they understand the meaning of infinite, you would be surprised by the answers.

After all, I do not understand how the dishwasher works, but I still use it. Others can’t understand mobile phones or computers.

But they are using that!

So, use cryptos without fears.

That’s why there is no excuse when I hear from someone that he does not understand how cryptos work. And how hard is to trade.

OK, it takes intelligence, but no more than any traditional financial equity trade.

Yeah, it takes basic finance knowledge to understand and invest but no further than average.

People should know, if everyone learned about finances they would work and invest and become self-funded within 7 or 8 years even making minimum wage. C’mon, people, wake up!

But I want to tell you.

Bitcoin is making the biggest revolution in the finance industry in the last 200 years. Leading all cryptocurrencies, Bitcoin is at the forefront of the bleeding edge of blockchain innovation.

I think it is necessary to stay patient and witness history first hand.

Nothing can stop that!

25th June 2018
Do You Need A Broker To Trade Crypto?

Read to the end.

By Guy Avtalyon

Do you need a broker to trade crypto?

Nowadays, everything revolves around Bitcoin and cryptos. Due to the exponential increase in the price of most cryptos, an increasing number of people are considering how they can profit from it. So far, you’ve only been watching from the side of the other, watching others fill their pockets … it’s certainly an unpleasant feeling. It’s time for you to start trading!

When you first start taking an interest in cryptocurrency you may think you are so lost in this huge sea of unknowns.

Do you know how does the cryptocurrency market work? FIND HERE

Where do you start? What are the useful keywords to look up and keep in mind? What are the available helpful resources?

The question: Do I need a broker to trade crypto is the mother of all questions.

To whom I can trust is the main and most powerful weapon when you have to choose the way to trade crypto.
Over time, many have proven themselves to be scammers, and people lost trust. But you still have wonderful platforms. So, the answer is:

No, you DO NOT need a broker to trade crypto.

And of course, you may trade bitcoins with anyone without having to pay fees to a centralized exchange. True is that you don’t need any kind of mediator or agent between you and the crypto seller. I think the big advantage of bitcoin is no middle man.

You don’t need a broker to trade crypto

All you have to do is to use one of the trading platforms’ equipment with very good software. And there are scores of trading platforms. Powerful, to which you can trust.

The most common place where people buy and trade cryptocurrency is on the exchanges. Those are places where you may buy and sell your crypto, using fiat. There are multiple measures to judge the reliability and quality of an exchange, such as liquidity, spread, fees, purchase and withdrawal limits, trading volume, security, insurance, user-friendliness.

The first thing you really need is access to the “marketplace” from where to buy these cryptocurrencies. In other words, if you want to trade cryptocurrency you need:

1) cryptocurrency wallet
2) cryptocurrency exchange to trade on.

Simple as that.

Choose some respectable exchange and follow instructions. It mostly comes down to the following. After setting up an intermediary bank account and verifying your details, you are only five simple steps away from a Bitcoin purchase:

1) Access the ‘Buy/Sell Bitcoin’ tab
2) Select the payment method using the drop-down menu
3) Enter the desired amount
4) Click ‘Buy Bitcoin Instantly.’
5) View your credited Bitcoins on your dashboard

This process sometimes should be repeated several times.

But it’s worth it in the end. Of course, it isn’t without any fees but fees are much lower than if you use a broker.

If you’re interested in trading Bitcoin then you have a broad range of cryptocurrency exchanges from where to choose. But first make sure the exchange you pick accept fiat deposit so you can buy Bitcoin directly with your fiat money (US Dollar, Euros, etc.). Secondly, you want to make sure your preferred cryptocurrency is listed on the exchange. The most popular Crypto Exchange is CoinBase. But you can also use GDAX, BitFinex, Wirex, Binance, Coinmama, Bitpanda, or similar.

If you want a bunch of fancy tools with which you can buy and sell cryptocurrencies you’ll want to use one of the exchanges that offer you a large variety of order types.

An important factor when deciding your preferred cryptocurrency exchange is to research it thoughtfully and also listen to other user reviews and experiences.

So, the answer to the question is – NO!

If you want to invest in cryptocurrency, and not just buy/sell/trade, then you have a few options:
a) New investors can choose an exchange to buy coins on and a wallet to store the coins in.
b) An exchange-broker-wallet hybrid that allows customers to buy/sell/store cryptocurrency or some else options which I don’t want to recommend one until I reviewed them.

But that is a completely different story.

24th June 2018
A Trading Portfolio Should Look Like…

Take a big breath and a pencil.

2 min read

Everyone has dreams about how the good life should look like. But it, besides earning enough money, it is necessary to build an investment or trading portfolio. Especially if you want to invest or trade cryptos.

Before you begin building your complete financial portfolio you have to be calm and reasonable.

Take a big breath and a pencil.

The whole process of building a trading portfolio should be done in SEVERAL STEPS:

STEP 1: Define why do you want to invest or trade. Your purpose is very personal. If you thought saving and investing meant the same thing, you were wrong. Savings are the unutilized part of your income. Only when you put your savings partially or entirely into an investment instrument, it qualifies as an investment.

STEP 2: Be realistic about your appetite for risk. Most of us know how much we have saved to date but very few of us have a realistic understanding of how much risk we’re willing to take on to achieve our financial goals. Your risk appetite will depend on your age and financial responsibilities.

Young investors are under enormous stress! READ MORE

STEP 3: Understand the relationship between risk and return. Risk and return are directly proportional to each other. Higher the risk involved, higher is the return and vice versa. For example, you have promises higher returns compared to fixed deposits, but it also comes with a relatively higher risk.

Step by step to the trading portfolio

STEP 4: Create a contingency fund. Honestly speaking, this has to be the first. Before you invest or trade anywhere, you must create a contingency fund for those rainy days. A contingency fund worth six months of your current income is good enough to keep you from dipping into your investment funds.

STEP 5: “If you don’t know where you’re going, you’ll miss it every time.” – baseball philosopher, Yogi Berra. That means, you know your purpose for investing, but do you know what it will cost to achieve that purpose.

STEP 6: Invest with a plan. The most successful portfolios are assembled based on a solid understanding of the fundamentals of the individual securities that comprise the portfolio. The trading portfolio should also factor risk tolerance into the balancing discussion.

STEP 7: Give it time. While there may be some investment choices that you hold for shorter periods of time than others, overall, maintaining the long view should deliver consistently positive returns.

And general advice while building a trading portfolio: TRY NOT TO BE OBSESSED!

Markets can be volatile from day to day, even month-to-month, never mind hour-to-hour especially the market of cryptocurrencies. But over longer periods of time, volatility subsides. Build your portfolio and let it run.

Checking the market every 15 minutes or so won’t affect your portfolio, but it will affect your sanity.

When a lot of people think of investing or trading, they imagine painstakingly picking individual stocks, tracking their daily performance and constantly buying and selling. This may be good and interesting for TV shows or movies. But in real life it is agony.

All you need to do is pick a couple of funds that attempt to mimic the total market’s behavior, and, for the most part, leave them alone for 5 or 10 years. It’s very simple, and it’s something everyone can and should do. In fact, it’s one of the best ways to effortlessly build wealth in the long term.

There are more cryptos to the market and a good portfolio will usually include a few different types of investments.

Are there any differences among trading portfolios for different assets?

But when we are speaking about the trading portfolio, the principle is the same for cryptos and stocks: suitability, balancing different sectors and fund/crypto types.

You can build a cryptocurrency portfolio using a risk-reward formula if that is acceptable to you. You are that one who has to decide how much risk you want to take on and that should influence which coins you invest in.

Recommendation is keeping at least 50% of your portfolio in safe-ish coins like Bitcoin, Ethereum, Litecoin, Icoin.

When building your own cryptocurrency portfolio you should not simply copy mine, always do your own research and decide which coins you can be excited about. Crucially, the entry point is very important and I entered many of these coins months ago when they were cheaper, there may be better buys out there right now. Buying more coins to expand your cryptocurrency portfolio is a smart idea.

Diversify trading portfolio

The more you diversify, the better your chance of hitting a coin that flies to the moon.

To properly expand your portfolio, you will need to join a trading platform, some of the largest and most trusted trading platforms which list a wide selection of decent coins.

Once you have your BTC in place on a cryptocurrency exchange, you can then expand your portfolio and buy other coins.

How to structure your stock portfolio? HERE IS THE ANSWER

24th June 2018
How to Start Trade Crypto?
Should you buy or trade crypto? Before you make a decision it is important to consider the differences between these two strategies in detail.

By Guy Avtalyon

Trade crypto – do you know how to do that? No? Don’t worry.

Read this article to the end. I want you to learn everything I know about trading crypto.

And it is a handful.

In the following articles, I will teach you, I’ll hold your hand until you feel you’re becoming a professional trader.

Here you will find lessons and instructions on how to trade with CFD, options, and cryptocurrencies.

In fact, in the past few weeks, I have received a lot of invitations from friends and acquaintances about how to trade crypto, and I decided to write these brief instructions in which I will explain in the simple way the possibilities to become engaged in crypto trade.

You can also see our FULL article on how to trade in cryptos (Updated Oct 15, 2018)

For the past year, cryptocurrencies have gained popularity, especially after the fact that people who bought Bitcoin 7 or 8 years ago, for several hundred dollars, today are millionaires. It’s hard for you to become millionaires if you start trading today, but it can still be very well profitable.

And maybe you want to buy a crypto and have it as a kind of savings account.

So, let’s start!

What to trade crypto?

First of all, you have to know that all successful traders were once the beginners who studied trading from the very basics while they gained experience over time. I am not going to explain the background of the cryptocurrency and how it works, because it is not relevant to trading for the average user. Most importantly, you have to know that the most popular currencies are: Bitcoin, Ethereum, and Litecoin, so I recommend that you initially focus only on them. There are currently hundreds of currencies worth $ 0.00001 per unit and they hope that one day they will become the new Bitcoin. There is always room for earnings with the three “main” currencies because they are very volatile. For example, the Bitcoin prices are often changing for over a few hundred dollars any day. The trading principle is the same as for any store – buy low, sell high.

Given that the cryptocurrencies are volatile (Bitcoin, in particular), there is always room for profit.

At first, you need to open an account and a wallet to buy or sell cryptocurrency. There are hundreds of different platforms for it. The registration process is actually very simple. Fill in your personal information and in the end, you will need to scan your ID card or passport through a webcam or mobile phone (if you register with a mobile application). This process sometimes should be repeated several times (I scanned it 3 times) because it may happen that the application can not read data (for example, if you do not hold the document steady in your hand). Once you have done this, you will receive a text message with the code that you will use for the first login on your mobile phone. After you are logged in, you will be presented with a dashboard. Here’s where you signup to Coinbase.

How to trade crypto?
1. Instant purchase via debit/credit card
2. Through a bank transfer of money from your bank account to your trade account.
What to do afterward, I will explain to you specifically on the case of registration on the largest CoinBase Platform.

If you are buying with the card, the process is quick, but the fee is 3.99% higher (card purchase fee) + 1.49% (standard Coinbase fee). If you decide to transfer via a bank, you must first send one euro/dollar to CoinBase account to confirm that it is your bank account. Then transfer the amount you want to trade with.

To transfer money to a Coinbase account usually takes 2 business days. The money will appear in your EUR/USD wallet and then you can buy crypto. All details for bank transfer payment will be found under Setting -> Payment Methods -> Add payment method.

Decide by yourself which method suits you better. If you don’t want to buy crypto right away, you may have better options. When you are ready to purchase, you have Buy/Sell on the toolbar.

Well, you’ll need first to choose which currency you want to buy. Then the method of payment and the amount. On the left side of the screen, you have details of the transaction. After you buy the crypto, you will receive an email confirmation that the purchase is completed.

You are now officially the owner of a cryptocurrency.

Congrats!

Trade crypto for profit

All you need now is to monitor the graph and decide when to buy or sell.
Side note: Coinbase is designed more like a wallet in which you will hold your cryptos, than as a platform for active trading (because the fees are quite high).

If you are planning to sell and buy every day you should use some other platform.

More about this on another occasion, in the continuation of teaching. One step at a time! But I want to tell you that trading crypto is based on the principle of stock trading. Let’s say this way, when you buy crypto you’re buying it in the hope the price will rise. So, you could sell it later and become a millionaire, right?
But, when trade crypto you are taking advantage of markets that are falling in price. The same comes when the markets are rising. In trading in general, this is well-known as going short.

Crypto market volatility

The cryptocurrency market volatile due to huge volumes of short-term profit and frequent trades. For example, do you remember October last year when the price of bitcoin rose to $19,378?
The volatility of crypto is an ingredient that makes the crypto market so exciting. Accelerated intraday price changes can provide a spectrum of opportunities for traders to go long and short. but pay attention, this also comes with great risk. You’ll need a risk management strategy.

I hope the instructions were helpful. Feel free to share this with someone you know to be interested in cryptos.

But remember one thing.

Trading and use of information presented here is at your own risk

You can learn also about trading currencies here
24th June 2018
What With Bitcoin After DEATH

1 min read

Bitcoin after death! A bizarre topic, I know, I know, but shit can happen. Yeah? And no, of course, I don’t mean “death” of bitcoin, but miners and owners. I would like to ask you something.

If something is virtual, can it be inherited after someone’s death? You know, it isn’t lol, that is a serious question.

And unfortunately, it’s already happened.

Bitcoin after death

It happened to the family of a young man who died in his early 30th’s.

A family of young men, Matthew Moody from California found themselves facing this problem. Namely, Matthew was one of the early miners of the cryptocurrency, or rather bitcoin. Then, when mining didn’t need special equipment, a dozen graphics cards and their own power plant in the basement. Time of crypto – pioneers.

But Matthew died five years ago, and he also left behind the bitcoins. Nobody pays attention to it but as the value of bitcoins grew, his family wanted to take over them. And then there was a problem in front of them. There was no lawyer who can give them advice or help because inheriting bitcoins was a totally new area.

Cryptocurrencies were an unknown area.

The question is can the bitcoins be inherited?

Matthew’s father tried to determine how much bitcoin left his son behind, but without the key to accessing a virtual wallet, it seemed like a mission impossible. The problem is that there is no rule to regulate what is happening with bitcoin (or any other virtual currency) after the death of the owner.

Unlike them, the classic money deposited in the bank can be reached even after the death of the owner if you prove that you are a heir.

In the case of bitcoin, there is no centralized body (which is the main advantage at the same time) that would solve such problems, and even the classic legal bodies actually do not know what and how to solve this problem.

The issue on legislation -What With Bitcoin After the death

This will be one of the issues that legislators will have to deal with if they want to regulate crypts and their use in the future. Desiring that such bitcoins do not end up on garbage, stock exchanges dealing with the trade of cryptocurrencies are considering introducing the security mechanisms. They would be activated after the death of account owners, which would simultaneously allow the heirs to reach those cryptos.

Some of the biggest brokers like CoinBase (and they are maybe unique), have established a kind of custodial service that keeps the user’s private keys. The same ones without which it is impossible to access the user account or wallet.

If something happens to the owner, those asks the successor for proof of death and inheritance in order to transfer funds to his heirs.

But users are those who will ultimately have to take into account and include the inheritance of cryptos into their wills. Or at least notify family members that they own crypto and where it is stored.

The point is, do not forget your cryptos and leave them out of your will. I mean, it’s smart to do this if you love your family.

Including with the key, of course.

You would like to read HOW TO MONETIZE BITCOIN

24th June 2018
Cryptocurrencies a Powerful Tool Against Hyperinflation?

2 min read

Cryptocurrencies are a powerful tool against hyperinflation

Cryptocurrencies can be a powerful tool in protecting your funds against hyperinflation. There are pros and cons at the same time. In an interview on The Late Show with Stephen Colbert, Reddit co-founder Alexis Ohanian said yes. He believes cryptocurrencies can be an effective tool in protecting your funds against hyperinflation. The reason he prefers cryptocurrency over regular fiat currency lays, in fact, that ”Cryptocurrencies are fuel for a potentially new internet”, as he said.

Reddit co-founder Alexis Ohanian

Ohanian told: “Things like Bitcoin and cryptocurrency are an opportunity for us to have a store of value that is not backed by a single country.” Further, he told that cryptocurrency gives people the ability to control their own money without any fear of forceful government intervention – especially in countries dealing with unstable political and economic predicaments.

“We sort of take it for granted the fact that we all have bank accounts, and we move money here and there, but for so many people in the world to have actually this security of knowing that what is yours is yours, because it is now digital, could be transferred with you wherever you are going, is actually pretty empowering,” said Alexis Ohanian.

Ohanian’s viewpoint is that Bitcoin can still offer more stability than the fiat currencies of countries struggling with hyperinflation in spite of the highly volatile nature of cryptocurrencies. He recently made headlines with his predictions about the price of Ethereum and Bitcoin. A few weeks ago, the Reddit co-founder made a prediction that the prices of BTC and ETH (respectively) will reach $20,000 and $1,500 by the end of the year.

Many are willing to say that this is an extravagant or pretty baseless prediction.

But do you remember the end of last year?

And Ohanian is not the only Silicon Valley entrepreneur who is bullishly optimistic on cryptocurrencies. Twitter co-founder Jack Dorsey has also previously expressed believes that Bitcoin will be the world’s primary currency by 2028.

The idea of utilizing cryptocurrencies to fight hyperinflation has been explored in multiple countries.

Such experience has in Zimbabwe, Venezuela, and Argentina.

Many people turn to cryptocurrencies during hyperinflation in wish to save themselves from losing their money. This sometimes temporarily drives up the local buy price of the cryptocurrencies.

We will see.

For now, the fact is that cryptocurrency gives people the ability to control their own money without any fear of forceful government intervention. Especially in countries dealing with unstable political and economic predicaments.

Contrary to this Bank of America CTO said that Bitcoin wasn’t ”transparent in the financial moment of money.”

That is totally strange because the definition of blockchain is – a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly – so they have to realize that Bitcoin is much more transparent than the current banking system.

Many world big companies such as JP Morgan, Goldman Sachs, Bloomberg, New York Stock Exchange or NASDAQ jumped into crypto.

Is the Bitcoin solution for protecting of hyperinflation?

As you can see some experts say YES, some NO.

On an example of Venezuela, we may try to find the answer. Venezuela created its own cryptocurrency in order to try to get out of the crisis and they named it – petro. But, it is not like other cryptocurrencies.

The name Petro is a kind of program of that currency: the value of each petroleum will be covered by the crude oil barrel. In addition, as President Nicolas Maduro has announced, as currency insurance other raw materials are used. The “petro” came in response to the Venezuelan authorities’ financial blockade and sanctions, and this is not about ordinary blockchain, but its value is based on state reserves of oil, gold, gas, and diamonds.

Cryptocurrencies against Hyperinflation

Two months later, Venezuela offered to sell its crypto, and currently, about 82 million tokens are available, which the government could sell next months. The plan for the sale of the ”petro” currencies is on the website, which was created specifically for this occasion, and the price of one unit depends on the price of one barrel of Venezuelan oil.

President Maduro’s plan to deal with the economic crisis continues, and it is still expected that Petro will affect the economy of Venezuela, and becomes an alternative to the physical currency.

OK, Venezuela seems to have broken a common financial law: in the world’s oil trade, the price is always calculated in dollars. But that is the other view of problem.

Will it is helpful to Venezuela or not we will see. Intention to create their own cryptocurrency has some other countries faced with hyperinflation such as Zimbabwe and Argentina were. On the example of Venezuela, others will make decisions. The point is: can cryptocurrencies be instrument or way to beat hyperinflation?
Alexis Ohanian and many other experts said yes.

If you want to know more about the best stocks to invest during the inflation you SHOULD READ THIS

24th June 2018
Most Common Mistakes Made By Beginners In Trading Cryptos

1 min read

Most common mistakes made by beginners in trading cryptos can lead you to a total disaster.

We would like you to avoid them, so read this post very carefully and with due diligence.

More and more people are beginning to show interest in trading cryptos. Although this is a positive development, there are some pitfalls to be watched by traders/novices. These common mistakes are quite serious and can relieve you of several thousand dollars in value of cryptos if you are not careful.

Do not use suspicious exchangers

One of the most common mistakes made by beginners in trading cryptos is every exchange is the same. Not every crypto exchange is designed to be used for all altcoins. Using a wrong currency exchange can lead to a refusal or omission of withdrawal or the trading market becomes inaccessible at the wrong time.

Always do your own research before you entrust your money to an unknown company because it can be difficult – if not impossible – to get it out again when things go wrong.

Buying a scam is one of the most common mistakes made by beginners in trading cryptos

The world of alternative cryptos is filled with many possibilities, however, it’s not all that it seems to be. Unfortunately, for novice traders, it is difficult to distinguish valuable and useless trading. You need to avoid any new coins until they show up well on the market.

Investors want to buy potentially profitable coins as soon and cheaper as possible. Entering at a later stage will reduce the chances of gaining huge profits.

There is a very nice point of balance between buying coins cheaper and investing in pump-and-dump (scum and drop) scams at the wrong time. Most retailer novices will experience another option even before they make their first big profit.

Decisions made in panic

Panic can be one of the worst motors for real trading. Markets are very volatile in the altcoin scene. There is nothing wrong with sometimes feeling the weight in your stomach, but panic should never determine how and when to trade. Many new traders allow their actions to be driven by panic and fear.

Compulsive trade one of the most common mistakes made by beginners in trading cryptos

It is strange that in a market where you can earn and lose in just a few seconds, there is also such a thing as “compulsive trading”, don’t you think? But it exists.

Too often trading during the day can be a major problem for beginners traders. They will make the wrong decisions and allow the panic to be the driver of their decisions. Market monitoring is absolutely necessary, but it doesn’t necessarily have to jump at any time when it appears. It’s hard to learn the trading style from the first day.

But here is a guide for beginners that may help you
Errors will have to occur until you find a rhythm that suits your needs.

Fingers to too many places at once

Given the vast array of different types of altcoins that can be bought and traded through popular exchangers, diversification is a good idea.

The best advice is to start with small amounts of one or two coins that look legitimate and potentially profitable. As you gain more and more experience, it is still possible to further diversify your portfolio and trade more crypto.

This should help you to avoid the most common mistakes made by beginners in trading cryptos.

And you know the main rule? Invest only as much as you can lose.

Also, maybe you would like to read more about what to do while trading crypto and avoid the most common mistakes made by beginners in trading cryptos. We suggest you THIS

If you find that someone is interested to read this feel free to share.

23rd June 2018
How To Trade Crypto And Stocks / Forex

Basically, it is the same but with some differences. In this post, you’ll find all about them.

By Guy Avtalyon

How to trade crypto, stocks, or forex? It is similar but at the same time different from other trades, for example, stocks or forex. At first, we have to define the difference between crypto and Forex or stock trading because you have to have theoretical knowledge.

What is crypto trading

Crypto trading is simply the exchange of cryptocurrencies. Just like in Forex. In crypto trading, you are buying and selling a cryptocurrency for another. It’s the same as you buy Bitcoin or altcoin for USD and Euro.

What is the Forex market

Forex, also known as FX, or currency market is where you can trade currencies. The forex market isn’t centralized. It is, also, OTC or over-the-counter market. Here you can buy, sell, or exchange currencies at determined or current prices. So, it operates like any other market.

What is stocks trading

In short, it is the buying and selling of company stock – or derivative products based on company stock – in the hope of making a profit.
Let’s go further!

How to trade crypto

Honestly, all of these types of investments are risky. Crypto gives greater growth than stocks or forex.

You all know all about the Bitcoin. Well, Bitcoin isn’t the only digital currency that you can trade on the market. It is really the first and most popular one and is the real digital gold in the industry. The most important part behind cryptocurrencies is the technology that holds a large part of their value. The technology is what provides a safe way to identify a transaction and, also, the way to transfer currency or fiat money in exchange.

If you want to trade crypto you need as first:

1) A cryptocurrency wallet (or two).
2) An exchange or platform to trade on.
3) By using a bank account (find more HERE)

There are only a few things, but important, you have to know about trading cryptocurrency.

Trading cryptocurrency is simple to start, but there are some essential aspects to understand before you start trading and this is basic friendly advice to mull over, not professional investment advice.

I’ll explain an example of Bitcoin.

How to trade crypto

Firstly, you’ll have to buy the underlying asset from an exchange or online broker.

If you want to protect your Bitcoin, you must have underlying. That’s the best way. However, you’ll have to take some reasonable steps to reduce the risk of Bitcoin stealing and loss of private keys. The steps are simply a diversification of holdings across different wallets/storage types. Keep in mind that you’ll need two-factor authentication and strong passwords.

Further, you can trade a CFDs derivative and hold a cash margin.
If you want to trade on Bitcoin for a short or medium period find, use an online forex broker that will provide you 24-hour trading. Also, ask for the potentially lower margins, and also, the ability to go long or short. Choosing the right broker is very important. Your broker has to provide you the best trading tools and favorable commission rates.

It is always smarter to buy a publicly listed security linked to Bitcoin and hold that shares with an online broker.

Stock investors, investing in Bitcoin through listed security, for example, ETF or ETP, could be suitable. Especially for investors that prefer taking a passive position. More active traders might notice that the limited trading hours and possible lack of volume are limiting factors. That could limit their trading indeed.

Overall, using listed securities that invest, track, or hold Bitcoin can be a viable alternative to diversify away from the risks of margin trading or safeguarding private keys when buying the underlying.

How to trade forex

You can trade currency based on what you think its value is, if you think a currency will increase in value, you can buy it. If you think it will decline, just sell it.
In forex trading, you’re betting on the value of one currency against another.
For example, EUR/USD, which is the most-traded currency pair in the world.
EUR as the first in the pair is the base currency, while USD, as the second, is the counter. Read more HERE

When you see a quoted price, that shows how’s much one euro worth in US dollars. Also, you’ll always see two prices. That is because one is the buy price and the other is the sale price. The difference between these two prices is the spread.
When you choose to buy or sell, you are actually buying or selling the first currency in the pair.
If you think the Euro will rise in value against the dollar, you buy EUR / USD. And vice versa, if you believe the Euro will drop, you sell EUR/USD.

If prices are quoted to the hundredths of cents, how can you see any return on your investment when you trade forex?
Leverage!
When you trade forex you’re borrowing the first currency in the pair to buy or sell the second currency.
To trade with leverage, you just set aside the necessary margin for your trade size. If you’re trading 200:1 leverage, for example, you can trade $2,000 in the market while only setting aside $10 in the margin in your trading account. Still, leverage will not just increase your profit potential. It can also increase your losses. If you are new to forex, you should always start trading with lower leverage ratios, until you feel comfortable in the market.

How to trade stocks

Stock markets are places where buyers and sellers of shares meet and decide on a price to trade.

It is important to know that the corporations listed on stock markets do not buy and sell their own shares on a regular basis. You have to know that you\re not buying shares from the company, you are buying it from some other shareholder.

There are many stock exchanges, many of which are linked together electronically which means markets are more efficient.

The prices of shares on a stock are established through an auction process

The prices of shares on a stock market can be set in a number of ways, but most of the most common way is through an auction process where buyers and sellers place bids and offer to buy or sell. A bid is a price at which somebody wishes to buy, and an offer (or ask) is the price at which somebody wishes to sell.

When the bid and ask coincide, a trade is made. If there are many buyers and sellers at higher and lower prices, we say the market has good depth. Stocks are quoted by their ticker symbol, represented by between one and four capital letters, which are often loosely representative of the company name.

Market orders are simply orders that direct your broker to buy or sell shares at the best possible price. A market order doesn’t guarantee the price, but it does ensure that you’ll get the number of shares you require. When an order is completed, it is said to be filled.

Stop orders are contingent on a certain price level being attained to activate the trade and your trade will be executed only when what you want to buy or sell reaches a particular price.

If you understand how the financial markets are structured you can use the same skill and experience to profit in all three.

It’s the same, you buy low and sell high against the crowd. There is no difference.

23rd June 2018
How To Follow Trading Portfolio?
There you are! You are a proud owner of crypto or stock and have a trading portfolio! So, what is the next step?

By Guy Avtalyon

How to follow your trading portfolio? Let me remind you! Without clear goals, there won’t be any way to really measure your success.

A great, one-time win can look good, but this is not necessarily a barometer for your overall trading success. This can lead you to delusion very easily.

The most important is to have a set of rules to manage any possible scenario. Even more important, you must also have the discipline to follow these rules.

This means you MUST follow the trading portfolio.

How to follow a trading portfolio

Never, but remember NEVER in the heat of battle throw out your own rules and not play by ear. That usually finishes with disastrous results.

Did you ever ask yourself how professional traders see the market differently?

So, what exactly you have to do?
1. Do not create excuses to break the rules.
2. Separate your planning from your execution.
3. Lower your losses according to the plan.
4. Always make your profits run according to plan.
5. Skip your emotions.
6. Focus on trading well.
7. Be patient. Do not rush with trade.
8. Predict the future, but trade in the present.
These are just general rules for each trading.

But truth is that you bought a billion altcoins and got yourself into a thousand ICO’s and now you’re not even sure how much money you have.

Is that correct?

So, you need a system to follow a trading portfolio in real-time, on many platforms. There are plenty of free trading platforms you can use easily. You need one reliable with auto sync with exchanges and wallets and with the ability to add tax.

And fast too.

And you are on the non-technical side and know nothing about trading but you are a bitcoin and cryptocurrency enthusiast.

Most of all, you are the owner, for God’s sake! 🙂

Now, when the money on crypto started getting real you definitely have to treat it as an investment and keep track of its performance.

You need software!

What is the simplest way to follow a trading portfolio?

The simplest way is to choose one of the platforms to follow the portfolio. But even if you are using some software you MUST have something on your mind when trading questions.

You are not a kid and you know that you can expect losses.
Losses are part of trading you have to accept them. If you have this on your mind, you will reduce emotional resistance when the time comes to do so.

Do not take a trade unless you are willing to accept the risk that accompanies the trade, and it is the possibility of loss.

Accept that you will lose money on some trades and try to take your losses easily when they come.

That is the rule. But remember, don’t bend your rules! Stay stick to your portfolio!

Of course only if your goals are realistic.

Goals demands to be specific and they need to be achievable. Not just once, but consistently. When you think of goals, think long-term. That requires a certain level of patience that only comes with strong discipline. Once you have a long-term goal, you need a timeframe for its achievement.

Avoid emotional trading

You have to manage your emotions. When you have some doubts or you are unsure, get out! Never act based on greed or fear. But never give up!

Do not expect to become an expert overnight! Trading takes time to build experience! I repeat! The best way to follow your trading portfolio is to use some of the advanced software and platforms.

And it is smart to use Google Sheets.

This online spreadsheet application is on a list of cryptocurrency portfolio trackers because it is one of the most versatile and customizable tools for cryptocurrency analytics. You can do what you want with it, to whichever extent you want.

If you’re only tracking Bitcoin, simply set up a sheet with the GOOGLE FINANCE ticker. That’s how you will update BTC prices in a number of currencies instantly. Also, you can download one of the many available Google Sheets plugins which give you access to a plethora of cryptocurrency prices in real-time. The most popular one is Cryptofinance.

Keep records of your trades and thought process, analyze your mistakes, then move on. But be a good student, don’t make the same mistake again.

Improve yourself continuously. “Success consists of going from failure to failure without loss of enthusiasm,” said Winston Churchill.
23rd June 2018