How do I trade bitcoin? - page 3. | Bitcointalksearch.org

Sebas.tian

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Quote from: mk4

The best platform for trading will highly depend on what country you're in. Mostly though, I'd go with Binance and Kucoin. Probably Coinbase if you're from the United States(or any country they support).

I think, binance is very popular in the world and it will help you to trade your bitcoins in a way it will be safe and secure at the end of the transaction. If you came from US or other developed countries just try verify binance so that you will know how good it is in the areas of trading Bitcoin, because you need to use all your personal details to create the platform so that you can have full access to it by trading your coins anytime or any day to make a good profits. Don't be an hurry to download wrong App to trade your Bitcoin because it will be very easy for scammers to scam all your coins in your wallet, so ensure you carry out your personal research to know if binance or other important platform are allow in your country before trading.

Renampun

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Quote from: FiveG on May 18, 2023, 08:20:17 PM

Friends, I have download different apps from forex trading and I use most of them trying to trades bitcoin but it seem too difficult and failing, forex indications and signals are not a match when compare to bitcoin so every buys or sells I end up close the market with red lines of loss. I want to know if there is a bitcoin trading apps, that's mainly for trading bitcoin? Like the blockchain but I need local apps or website links. Please assist with good response.

it's better if you don't trade Bitcoin on forex platforms like X*, InstaFo***, or many other forex platforms because what you're trading are just empty shares that represent Bitcoin prices, they're not really Bitcoin.

you can use a platform like Binance, KuCoin, Coinbase or some other CEX platform to trade Bitcoin and it is much more recommended. most of the CEX platforms also support trading tools similar to forex, such as MA, Fibonacci, etc., so if you normally use MA or some other tools you can use them to trade on this CEX platform.

Bushdark

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Quote from: Dollar_Hunter on May 28, 2023, 03:46:34 PM

The good way to trade bitcoin in my opinion is only simple,
that is in a wise and not greedy way, but I am sure that almost all traders don't do it because it's a difficult thing,
but if you do it correctly then your bitcoin trade will succeed.

I thought you wanted to tell us about the a simple way we can trade Bitcoin but so my surprise, I see nothing from what you have written. I would like to know your opinion about the simple way we can trade Bitcoin that is different from the general ways we can accomplish that. Any person that want to trade Bitcoin should follow the step that is required or risk losing money. We need to get the skill that will enable us to trade Bitcoin which is what some certain type of persons are running away from. They want to make money as a trader but they don't want to learn the skill that will give them the kind of money they really want to earn as a trader.

blackened515

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Quote from: huu78 on May 30, 2023, 02:20:41 AM

do you know bitcoin from the forex market?
I mean there are so many exchanges currently circulating like binance, okex, kucoin, huobi and others.
if indeed you know bitcoin through forex, then you can try the exchange that I mentioned.

Anticipate in either trading crypto or forex, bitcoin is accessible. Bitcoin are traded on exchanges in crypto, and trade with pairs on the forex market. Bitcoin exists both on the cryptocurrency space and Forex. You're right, there countless exchanges out there, it's preferable we base categorizes were bitcoin belongs which is the Cryptocurrency. Although it's understandable that it's operation is strictly restricted in most countries because of the fear that it might surpassed their general fiat currencies.

huu78

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Quote from: FiveG on May 18, 2023, 08:20:17 PM

Friends, I have download different apps from forex trading and I use most of them trying to trades bitcoin but it seem too difficult and failing, forex indications and signals are not a match when compare to bitcoin so every buys or sells I end up close the market with red lines of loss. I want to know if there is a bitcoin trading apps, that's mainly for trading bitcoin? Like the blockchain but I need local apps or website links. Please assist with good response.

do you know bitcoin from the forex market?
I mean there are so many exchanges currently circulating like binance, okex, kucoin, huobi and others.
if indeed you know bitcoin through forex, then you can try the exchange that I mentioned.

gunhell16

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Quote from: FiveG on May 18, 2023, 08:20:17 PM

Friends, I have download different apps from forex trading and I use most of them trying to trades bitcoin but it seem too difficult and failing, forex indications and signals are not a match when compare to bitcoin so every buys or sells I end up close the market with red lines of loss. I want to know if there is a bitcoin trading apps, that's mainly for trading bitcoin? Like the blockchain but I need local apps or website links. Please assist with good response.

So there is actually Bitcoin in Forex trading, the only sad thing is that when you choose Bitcoin it doesn't work on the Forex platform. Maybe because most Forex is fiat currencies.

Have you tried using Coinbase, Binance, or Crypto.com to trade? these apps are downloadable on our mobile devices and somehow you will be more comfortable with them. Especially with Binance, most people here in the Bitcoin industry have tried it.

Peanutswar

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Quote from: FiveG on May 18, 2023, 08:20:17 PM

Friends, I have download different apps from forex trading and I use most of them trying to trades bitcoin but it seem too difficult and failing, forex indications and signals are not a match when compare to bitcoin so every buys or sells I end up close the market with red lines of loss. I want to know if there is a bitcoin trading apps, that's mainly for trading bitcoin? Like the blockchain but I need local apps or website links. Please assist with good response.

When taking a bitcoin or even the forex you must know how to deal with the technical indicators so you can manage the risk until when you will hold or to buy. Currently some of the platforms offering a free courses regarding with trading related courses so better to grab the opportunity to learn.

For bitcoin trading apps you can use the Binance, and MEXC those are the one I'm using with for better chart reading check the trading view.

Dr.Bitcoin_Strange

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Well, you are talking about trading Bitcoin on the forex broker, and the results you are getting are almost turning out to be losses. Since you are using a forex broker, I think you should switch to a demo account if you are not doing so yet, then try to repractice the strategies you were using and see if you can make successful trades on the demo. Try to combine new indicators as well.
But, if you must know, during the week, Market is always so volatile, depending on the time you are also trading. Then, during the week end, volatility tends to reduce because there are really not a lot of traders on the week end compared to the weekdays. But if you are not comfortable with it, I think you can do futures trading on any CEX that is allowed in your country. I have tried futures trading on a few CEX, but I think I had a more favorable trade on Digifinex.

Dollar_Hunter

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The good way to trade bitcoin in my opinion is only simple,
that is in a wise and not greedy way, but I am sure that almost all traders don't do it because it's a difficult thing,
but if you do it correctly then your bitcoin trade will succeed.

DiMarxist

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You should first know about cryptocurrency well and then get interested in investing. And owing to the apparent complexities of the market and the time and emotionally draining processes required to become a successful crypto trader, individuals have increasingly adopted cryptocurrency robots, primarily functioning as tools for enabling the automated selling and buying of cryptocurrencies. For trading on exchanges that many people use, there are also many references that have been explained on the forum, so that he can refer to the exchange that suits his wishes.

posi

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Quote from: Bitcoin_people on May 27, 2023, 08:33:15 PM

OP as you are a newbie you don't have special knowledge or idea about trading. So never enter into trading without understanding that it will most likely result in you losing money. You should first know about cryptocurrency well and then get interested in investing. You must understand that invest your money when the market is in bullish season. And sell when you get some profit from your invested money. When you first invest you must start with a small amount and later increase the amount when you get profit. and in this way you continue to invest but your money will not be at risk if you do not understand then of course there will be risk for your money.

The best way for him is to start with a demo account. As a newbie, a demo account is the best solution, he can get used to everything without worrying about losing when he is just starting. But I also advise him not to use the demo account for a long time because it will never give him real experience. If we were too dependent on the demo account and when we started with the real one, we would still be a complete novice. The psychology will be very different when trading with real money versus fake money, so using a demo account can sometimes be a double-edged sword.

GreatArkansas

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Quote from: Litzki1990 on May 28, 2023, 07:36:42 AM

First of all you need to select a good exchange, from security point of view I suggest you to use binance exchange for your trading.
(....)

I don't think this is a good initial move, I think it's better to start doing some studies first, to understand how trading works. There are some platforms where you can do trade without using any money, it's what they called "demo" exchanges.
Then after that, once you already know the basics of trading, I think it's better to start creating and funding your real exchange account.

Litzki1990

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First of all you need to select a good exchange, from security point of view I suggest you to use binance exchange for your trading. After downloading the exchange, you have to open an account there. After opening the account, if you are asked to verify, you will verify your account. After account verification you will deposit the initial amount of money you want to start trading with. After making a deposit you can trade in any coin by understanding the market.

ancafe

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Quote from: erixter on May 27, 2023, 08:59:38 AM

Bitcoin trading is popular due to its decentralized nature, high liquidity, and potential for high returns. There are many options/ways and methods of trading. Proper ways to trade in Bitcoin include choosing a reputable exchange, creating a trading plan, and practicing proper risk management. But prior to adapt the BTC trading, you must learn about the cryptos, about the trending, scaling, technical analysis also. Keep in mind that everything could be easy but not for any one at all. Must take into account about the profit & loss first, than think to invest. After getting satisfactory information and doing solid home work, you will also be able to trade in BTC .

Planning can be classified from all the things you have described, strategic patterns and knowledge are an important part of achieving all of that. But referring to the question in the OP he asked about bitcoin trading using a local exchange, that means only he can know the exchange, because when we try to open his profile there is no reference to his origin. For trading on exchanges that many people use, there are also many references that have been explained on the forum, so that he can refer to the exchange that suits his wishes.

The point is he has to learn to master about trading and how to store bitcoins in a safe place, I think the forum has often explained this problem and he has to be more active in learning it for needs and security in trading. It shouldn't be that difficult to trade bitcoins and he just needs to find out which exchange is right for him given that the exchange is licensed to operate in the country where he lives.

Bitcoin_people

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OP as you are a newbie you don't have special knowledge or idea about trading. So never enter into trading without understanding that it will most likely result in you losing money. You should first know about cryptocurrency well and then get interested in investing. You must understand that invest your money when the market is in bullish season. And sell when you get some profit from your invested money. When you first invest you must start with a small amount and later increase the amount when you get profit. and in this way you continue to invest but your money will not be at risk if you do not understand then of course there will be risk for your money.

erixter

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Quote from: ancafe on May 27, 2023, 04:27:36 AM

want to simplify your question, first you have to find out which exchange has an operational license in your country, so you can use the exchange to sell or buy the bitcoin you want. But this is not talking about the safety of your bitcoins, when you are done buying and not moving to a more secure wallet as suggested on the forums, that's another question you didn't ask and maybe you should look into too.

But you also have to pay attention to this if you don't want your assets to disappear if the exchange encounters a problem. If you're talking about local exchanges that means you should look into it because we can't direct you there if we don't know where you live.

Bitcoin trading is popular due to its decentralized nature, high liquidity, and potential for high returns. There are many options/ways and methods of trading. Proper ways to trade in Bitcoin include choosing a reputable exchange, creating a trading plan, and practicing proper risk management. But prior to adapt the BTC trading, you must learn about the cryptos, about the trending, scaling, technical analysis also. Keep in mind that everything could be easy but not for any one at all. Must take into account about the profit & loss first, than think to invest. After getting satisfactory information and doing solid home work, you will also be able to trade in BTC .

maydna

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Quote from: FiveG on May 18, 2023, 08:20:17 PM

Friends, I have download different apps from forex trading and I use most of them trying to trades bitcoin but it seem too difficult and failing, forex indications and signals are not a match when compare to bitcoin so every buys or sells I end up close the market with red lines of loss. I want to know if there is a bitcoin trading apps, that's mainly for trading bitcoin? Like the blockchain but I need local apps or website links. Please assist with good response.

Forex indications and signals are not suitable for application in Bitcoin trading, even though there are similarities. You should learn about the indicators used in Bitcoin so you can analyze them better. You can download an app from Binance to trade Bitcoin USDT pairs or other stablecoins. Actually, there are many exchange applications that you can use, but you should first study the indicators in the exchange application, including the analysis, so you already understand where the differences are. If you understand, you can get profits and when you get profits, you will be even more interested in learning bitcoin trading or studying other indicators.

el kaka22

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Definitely local would be best, but also find other people around you, in your nation, or basically speaks your language, so that you could talk with them and see what they think about the situation in your nation. That way you would know how advanced it is or not and how well it has been so far, and if any of the places are shady or not, and so forth. That way you could see a place you like, but then turns out it has been involved with something shady and you would be staying away from it.

These neat little talks are always important because it gives people an insight into the situation if they are newbies. I do this all the time about new projects, always talking with the group about what's going on and that does make me like it even more.

ancafe

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Quote from: FiveG on May 18, 2023, 08:20:17 PM

I want to know if there is a bitcoin trading apps, that's mainly for trading bitcoin? Like the blockchain but I need local apps or website links. Please assist with good response.

I want to simplify your question, first you have to find out which exchange has an operational license in your country, so you can use the exchange to sell or buy the bitcoin you want. But this is not talking about the safety of your bitcoins, when you are done buying and not moving to a more secure wallet as suggested on the forums, that's another question you didn't ask and maybe you should look into too.

But you also have to pay attention to this if you don't want your assets to disappear if the exchange encounters a problem. If you're talking about local exchanges that means you should look into it because we can't direct you there if we don't know where you live.

Smartvirus

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Quote from: FiveG on May 18, 2023, 08:20:17 PM

Friends, I have download different apps from forex trading and I use most of them trying to trades bitcoin but it seem too difficult and failing, forex

Well trading isn't something you get to master in a day. Besides, how do you download a forex app and suppose that be MetaTrader 4 or 5 and hope to trade cryptocurrencies with it... that's not a place to trade cryptos. I think what you might note there is indices but, I really don't consider that cryptos. You get to trade virtual fiat currency pairs but, not crypto, I don't think.

When it comes to trading cryptos, you can archive that on some of the exchanges out there like Binance but, it ain't something you'll understand easily. It takes time to learn and master but, that doesn'tean you wouldn't be making loses in your tradea, that's inevitable eventually.

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