<\/span><\/h6>\n\u00a0<\/span><\/strong><\/span><\/p>\n<\/span>\u00a0 \u00a0 * What is bitcoin and why does it keep rising
\n* The technology behind bitcoin and its uses
\n*\u00a0 What is the difference between \u201ctrading\u201d in bitcoin and \u201cinvesting\u201d in bitcoin time and strategies<\/span><\/h3>\nIn this article I\u2019m going to teach you how to trade in bitcoin and ethereum.<\/p>\n
\n- How to make REAL profits<\/span><\/li>\n<\/ul>\n
Real profit is money in your pocket, not on some address on some internet page<\/span><\/p>\n\n- How to avoid massive drops in prices w<\/span>hich will end up with losing your money?<\/li>\n<\/ul>\n
And how to build your own trading budget Using a unique method I invented and improved over the years (The BBB Method).<\/span><\/p>\nYou will also see how I almost DOUBLED my virtual money during the recordings for this tutorial.<\/span><\/p>\nI want to start this tutorial with some warnings and risk disclosure:<\/strong><\/p>\nIT\u2019S NOT EASY MONEY. THERE IS NO SUCH THING AS EASY MONEY!<\/span><\/p>\nBut as you are about to see\u2026<\/span><\/p>\nThere\u2019s a current opportunity and we can take advantage of it on time?<\/span><\/p>\n<\/span>This is how trading in Bitcoin with a good strategy and risk management should look like:<\/strong><\/span><\/h2>\n![\"bitcoin](\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/monetizing-bitcoin-the-technology-behind-bitcoin-and-its-uses-3.jpg\")
<\/p>\n
<\/span>This tutorial is about to show you how to:<\/b><\/span><\/h2>\n\n- Trade in Bitcoin successfully<\/span><\/li>\n
- Withdraw and save your profits for a better night\u2019s sleep<\/span><\/li>\n
- Come up with a smart Trading Strategy that can both profit & save us from massive drops and strong changes in the price<\/span><\/li>\n<\/ul>\n
Sounds imaginary, right? Like I\u2019m making it up. It\u2019s not.<\/span><\/p>\nAND YOU WILL SEE EVERYTHING RIGHT NOW!<\/span><\/p>\nThis is an example of a position where I buy bitcoin through my broker. I don\u2019t own real bitcoin, I trade on its price while other people hold it:<\/span><\/p>\n![\"The](\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/monetizing-bitcoin-the-technology-behind-bitcoin-and-its-uses-4.jpg\")
<\/p>\n
<\/span>After 2 hours = 1700 richer. I can live with that.<\/em><\/strong><\/span><\/span><\/h6>\nI entered a \u2018long position\u2019 (means I think the price will rise) and just two hours later I\u2019m 1,700 EUR richer, but it\u2019s only paper money for now, NOT realized\u2026 Not in our pocket yet. Nice to look at but don\u2019t be fooled \u2013 Our money has to be realized (changed back from BTC to Euro or Dollar) so we can make REAL profits.<\/span><\/p>\n<\/span>ENTERING POSITION<\/strong><\/span><\/h2>\nTake a look at the entering position screen:<\/span>
\n(explanation below)<\/span><\/p>\n![\"trading](\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/monetizing-bitcoin-the-technology-behind-bitcoin-and-its-uses-5.jpg\")
\nHere\u2019s a full explanation of the image above:<\/span><\/p>\n![\"pending](\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/monetizing-bitcoin-the-technology-behind-bitcoin-and-its-uses-6.jpg\")
\nMarket execution means the position will start immediately at any given market price (the price it\u2019s being traded for at this moment). We use this option most of the time. A pending order is when we want the system to automatically execute a position <\/span>once it reaches a specific price we entered earlier. We use it only to control massive price drops. <\/span><\/p>\nFor example, we\u2019ll see later how this strategy took care of a 45% drop in Bitcoin\u2019s price (!) that happened in the span of just two hours. (Date – 22.12.2017).<\/span><\/p>\n![\"MONETIZING](\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/monetizing-bitcoin-the-technology-behind-bitcoin-and-its-uses-7.jpg\")
\nAmount \u2013 you can use as much as you want from 0.01 to 10, depending on your margin money, which is the amount of funds the broker lets you trade on. I chose the maximum at this point.<\/span><\/strong>
\n![\"MONETIZING](\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/monetizing-bitcoin-the-technology-behind-bitcoin-and-its-uses-10.jpg\")
<\/p>\nTake profit and stop loss \u2013 Always turn them on by clicking on the \u201cswitch on\u201d button (yellow\/orange arrow)<\/span><\/strong><\/p>\n<\/span>
![\"earn](\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/monetizing-bitcoin-the-technology-behind-bitcoin-and-its-uses.jpg\")