Topic: How do I trade bitcoin? (Read 781 times)

It's seems you are new in trading therefore this isn't the right step to start trading without a prior leaning or skills, of course forex and crypto trading signals are different entirely, however the best bet for you is to start learning how to trade right from the basic, for instance learning forex trading via babaypips.com will help you in a long run to kickstart your learning in crypto trading because both forex and crypto trading share similar candlesticks on their charts, learning how those candlestick patterns helps in taking a trading decision, of course most of the exchange has Apps are equipped with charts, you will need to learn Technical and Fundamental analysis of trading as well thus it a big task, however with perseverance and diligence you will grasp all the basic of trading.

If you want to trading on Bitcoin don't use any app for Trading. You analyze daliy bass of chart . Bitcoin is not for short term trading because its price goes up and down very quickly .so it is for long term trading.if you will use app for Trading .This is not give your trading knowledge .so you use technical analysis for any trading .

I'm so sorry you had to feel this way 😔
I haven't traded bitcoin  not that frequently  atleast  and that's because I enjoy trading usd while using my broker DerivGo  which i find more easier and simpler  to use and there are actually alot of options to trade with which bitcoin  is also very inclusive.
I guess you're still very new in trading and my advice to every newbie  trader I find is for them to spend more time on practice than wanting to make profits because with the right knowledge, the profits will definitely  start flowing in but trying to cut corners with wanting to earn with learning might lead to several losses .

I agree with you that getting idea about basics of trading from YouTube is a good step, but it won't be helpful until someone tries trading in real life. People often view those videos of YouTube and start thinking that they could earn a lot of money in a very short amount of time with the help of trading. But, in reality it's very difficult for new traders to earn good income from trading, a trader should develop his/her skills by practicing trading with actual money, but in very low amounts.

I even don't think that a trader who often trades on a demo account could end up being a successful trader because such people are the ones who are playing the trading thing as a game, and they won't have courage to win the game in actual life. You know that a trader has to have complete control over his/her emotions during trading because emotions like, fear and greed, could be the main cause of huge losses for many newbie traders. It's always better to build up the skill of trading over time and once you have made a good strategy then stick to it.

A good strategy is always needed for a trader, and a good strategy when combined with a proper trading plan can increase the chance of profits by a huge margin. In crypto-market one should basically focus of the volatility because the market is highly volatile and there can be huge ups and downs within a matter of minutes in crypto-market. Without understanding the crypto-market's volatility one can never be profitable in this market. That's why it's always recommended to master the volatility of the market if you want to earn substantial income from crypto-market, and specially Bitcoin.

Everything must be based on planning and of course everyone has a different way of trading even though the goal is still to take profits, and the most important thing before trading is to learn a lot about the movement of the coin that will be chosen for trading, that is very important.
And for Bitcoin trading, I think it's easier than other coins because Bitcoin price movements tend to be stable and also the possibility of price movements going up or down is quite comparable so that it makes it easier to trade Bitcoin long term or short term.

There is no end to know about trading to achieve success in trading. You must know about trading and if you think you understand enough about trading and you have enough idea about trading then you can follow next step of trading. The next step in trading is to think about which coins to trade. If you want to trade in Bitcoin, you need to plan about Bitcoin trading. Get an idea about the basics of trading on YouTube. Hope you can get some idea from YouTube.

Its trues when trading altcoin always has with high return and high risk, less bitcoin with low risk because price few percent only but we earn less profit actually with small fund for trading in bitcoin. I prefer trade with altcoin due my budget small and have higher percentage to earn profit than Bitcoin. But difficult thing trading in altcoin when price going drop without stop loss feature need longer time for altcoin recovery to higher price.

But have wrong mindset with many trader, want to earn much profit with trading but less risk and looks impossible actually when trading in bitcoin has higher capital to earn much profit. Keep trade with on the top standing on market cap without trade with shit coin, but if want more efficient better trade with bitcoin only.

Trading is very easy if you have an idea about trading. And if you have any idea about trading then you should have a lot of trouble to understand the trading issues in the first place. The first thing you need to do when trading is to select a crypto exchange. After selecting a crypto exchange you need to create an account on that exchange. You can easily create an account using your mobile number or gmail account. After creating an account, if you are asked to verify your account, you can use your National ID card or driving license for account verification. Once these processes are complete you can go to the deposit option of your account and deposit some amount of USDT or other cryptocurrencies. Once the money is deposited in your account, you can easily trade with BTC by going to the trade option and selecting BTC.

For actual trading I prefer altcoins because it will provide greater profits even though the risks are also large,
every trader basically has their own favorite coin and that is normal,
for Bitcoin I think it's more feasible for long term investment because the risk is low so it's safer.

in the best cryptocurrency for trading is bitcoin, where this coin is the most difficult to manipulate, making it easier for us to analyze. but indeed what needs to be understood is that bitcoin volatility is higher than forex, which if you are not careful and disciplined, then the losses in bitcoin trading will be greater. many people get big profits in bitcoin trading but few get consistent profits, therefore improving mentality is very necessary to deal with fluctuations that occur

Bitcoin is a currency and that is the only similarity with forex. Many people will do forex to make money and people use fiat or altcoins to exchange and trade bitcoin for the same purpose.

Going for both is something that also never recommend. Mastering one is a lifetime process and you can only do one for profits. I think speculative trading should be limited in the number of type in assets. The long term investments can be multiple but short term things should be limited.

Trade bitcoin, don't do altcoins too much and don't go for more risky methods.

I think recommending someone a reputable centralized exchange would be fine - but of course if they don't mind KYC. Centralized exchanges require their customers to pass KYC – some will consider it an invasion of privacy, but most will. Decentralized exchanges like Bisq are also worth checking out - but it all depends on the user.

Spot trading is recommended for anyone who does not understand how to manage risk in other trades such as grid trading, futures or others. Beginners should be more inclined to see trades than others - but of course everything comes with risks.

DCA is not only for beginners - even experienced traders and investors always consider it. DCA is a strategy - so it will be useful for your accumulation process in a fluctuating market.

Hmm, you are recommending him Binance which is obvious because it's the leading platform but I think OP should try Decentralized trade, I don't think OP will find any difficulty while using the DEXS because it's pretty much the same as the centralized exchanges with minor differences. Spot trading recommendation is good but as far as I am looking OP is new to the market he should try DCA.

I am not saying it will guarantee profit always but from the long-term perspective, DCA is the best strategy that even a newbie can start doing. The rest is up to Op because it's his money and he can do whatever he wants to. Rather than trading Op should focus on Buy and Hold to train himself initially it can give more effective results.

I think your idea is completely wrong because bitcoin and forex are never the same if you compare forex with bitcoin for trading then I think you will face loss most of the time from bitcoin so you should first know what is bitcoin.

I agree with this, someone which starts their journey by winning a huge trade may come to believe that trading is extremely easy or that they have a natural talent for it, and both of those conjectures about themselves are false, while someone which starts their journey suffering some setbacks will learn from their mistakes and they will become way better traders because of it, and if they dedicate enough effort and time to it then they will eventually become profitable as well.

I think it would be smart to start small because that way you get to see where you are in talent as a trader. If you start with a small amount and then you start to make a profit do not get too confident and put all your money in suddenly, just increase it by 10-20% levels and try again, if you keep making a profit then keep increasing that way for a long time and eventually you will do better. But most people end up not doing that and the results are not that great.

I have seen people who lose when they first start and that is the best, losing right as you start is amazing especially if you didn't use all your money, because that makes a person be a lot more careful. However, if they end up with a profit the moment they start, that is going to be a lot worse for them without a doubt.

There are some steps you can follow to treat with Bitcoins.
First of all know how Bitcoin works and how to setup a wallet. Select a reliable exchanger. Then figure out which peer you will trade. You can use Account Two Factor as the maximum security for your account. Bitcoin trading always involves risk so how you manage it is very important. Moreover, you can use stop loss to reduce the loss. Moreover, knowing the current world situation and various news daily is very important for Bitcoin trading.

Many underestimate it. They did not know that their efforts and profits are still going to waste later on, once they found out that they are trading Bitcoin illegally if they were one of those countries who restricts the use of it. Bitcoin is one of the cryptos while forex is a general term just like crypto. Both of them are the same currencies but cryptos can also be used as an asset.

This is why people can invest on it but in forex, I think people can only trade on it and the volatility rate there is also lesser but that means the risks are also low. So that's their pros and cons. It's up to us now if which we are going to prefer but its also possible to deal to the both of them.

Undoubtedly, it is great to begin trading Bitcoin with a modest strategy to allow for progressive growth as you gain experience and trust in the market. Knowing the most recent news and events in the cryptocurrency sector is essential since they have a significant impact on the volatility of Bitcoin price. It is crucial to carry out extensive research use risk management strategies and seek advice from seasoned traders or financial experts before investing in any other crypto or BTC speculative asset. You can navigate the market more skillfully and make wise trading decisions by taking these safeguards.

First and foremost you must take into account the nation to which you belong because different nations have different cryptocurrency legislation. While cryptocurrencies might be permitted in some nations they might not. It is important to know that Bitcoin and Forex are two different things because you reported having problems with Forex trading and suffering losses. As a result you should become familiar with Bitcoin unique traits such as price volatility, market analysis, current circumstances, and other elements that are important in trading. Only then can you utilise indicators and trading methods that are appropriate for Bitcoin which may not be the same as those used for Forex. Additionally there are a number of trustworthy exchanges, including Binance, Coinbase, MEXC, Kucoin, and more where you may easily trade Bitcoin through the apps for each of them.

I think you should also try spot trading. like what's on binance, it's fairer and easier to understand. I guess what is similar to trading forex in bitcoin they call it futures trading. actually it's not complicated to trade but you have to try it yourself from the easiest, even if you've traded forex, it doesn't mean trading bitcoin is the same, because there are several types of crypto trading. one of them is spot trading.

There are some similarities you need to know as a forex trader coming to trade in the crypto market because this is two different market that has different patternd traders cam utilize skills to trade it. For you to understand the crypto market very well, you will need to learn little about cryptocurrency so that this would not limit your understanding about the market and how it's working. Traders that had been trading the crypto market for long toko might not understand the forex market because the forex is regulated and the market volatility is mostly based on fundamentals.

There are different exchanges where you can trade safely in Bitcoin. If you are well aware of crypto trading, then there is no problem earning marginal profits through it. As with every business, there is a rule that before starting it, you should get enough information about it, work thoroughly on it, review and analyze it in detail, and then start it. The same is true with cryptocurrency. Trading Bitcoin successfully requires a combination of knowledge, skills, and strategic decision-making. Start educating yourself with dedication. Select a reputable cryptocurrency exchange that offers a user-friendly interface. Define your trading goals and utilize technical indicators. It is better to invest in different coins rather than one for any loss.

I will suggest you for Bitcoin trading exchanger is best not forex app. I think Exchanger is best. Because you can easily trade with bitcoin in different exchanger. Like Binance, kucoin, gate.io, polonix, bitforex and so on. All af them Binance is best i think. Binance is largerst exchanger in the crypto would. Abd Binance is more secure,reliable, and very comfortable. Anyone can trade Bitcoin here early. On the other hand forex app is not earlier for bitcoin trading i think.Forex app is good for forex trading But for Good crypto trading exchanger is best. Many many Crypto currency exchanger available in this time. You can choose good Exchanger and trade there.

I think I've once also tried trading bitcoin in a Forex app, as I saw that the broker listed bitcoin and Ethereum on their platform as well, but like you experienced, it's almost the same for me as well, that is when I realized that crypto trading is a bit different from Forex trading.

The best way to trade bitcoin as a day trader is to make use of the centralized exchanges like binance, coinbase, kucoin and the likes, depending on the country you live in, check with all the top exchanges, from 1 to 5 according to coin market cap ranking, which of this exchanges operates legally in your jurisdiction/country of residence, so when you find one, you can download their app from the app store, sign up and account and pass kyc verification, this will enable you to also have access to the futures market, which Is the market where professional traders trade bitcoin and other listed crypto assets.

I think it will be better to trade in Bitcoin than other coins. When the Bitcoin market goes down you can invest some money and trade. By doing this, you can see that you can make a good profit by investing a small amount of money. But you have to be careful about this. Since cryptocurrency is legal in many countries around the world, you should exercise extreme caution when investing in countries where cryptocurrency is illegal. Otherwise you may be at risk. But now the business brothers run their businesses through their smartness precautions. Through this they achieved success.

You can't expect him to have a forex trading experience and still have same result when applicable to bitcoin trading, they may both constitute a common term which is trading but are different things entirely, my advice here is to go through the whole and entire process of learning bitcoin trading from the scratch and build another additional leaning opportunity over the one already learnt in forex.

I do agree with some opinions by members here, if you find any local exchange, you can use it. But if you are still confised and don't know which one is reputable, you can check global exchanges. Such as Binance, Coinbase, Gate.io, Kraken, and others. They are available to find in Coin Market Cap, find the top exchanges. You can find the exchanges providing several types od trading. Not only future trading or with leverage, there is also spot trade market that is less risks than the future. You can learn more on each platform information. Btw, you may need some KYC process verification in some exchnges if you mind.

Unfortunately newbies do not even take the time understand the nature of the markets, if they did so they will immediately understand why it is impossible for every single person to make money on the markets, after all the markets are a big competition in which we are competing against every single trader out there, and just like in our favorite sport or competition there are winners and there are losers, and anyone that wants to join the winners needs to make a huge effort to reach that goal, as this is the objective of every single trader out there.

Thise who started there trading career from the forex trading do have more hedge and understanding about the market than people that started trading without having a concrete idea of the forex market. It is clear that the forex market has a minimal difference from the cryptocurrency market because of the trading pairs and how the cryptocurrency market works.

We know that the forex market is bigger than crypto market but this would only take a limited time for people to see the difference and hownthe crypto market will dominate the currencu market in few years coming. We should always try our posible best to earn well from trading or else we might to disappointed by the outcome we might get.

 At the time of bitcoin trading came choose a reliable and user-friendly platform. There are several popular apps and websites specifically designed for trading Bitcoin, such as Coin base, Binance, Kraken. for your trading wanted one that best suits your trading needs. Additionally, be sure to prioritize security by selecting platforms with strong security measures in place to protect your funds

I understand your frustration with forex trading apps not being the best fit for bitcoin trading. Have you heard of XGo? It's a web 2.5 platform designed to bring the benefits of cryptocurrencies closer to the masses. With this platform, you can trade bitcoin effortlessly, thanks to its intuitive features like trade/buy/sell/and swap options. It's worth checking out for a more seamless bitcoin trading experience.

you should state what country you're posting from, it'd be easier to get response when you do that.
I've used binance for over 5 years and aside their current hike in transaction charge, I've not had any regrets using the platform.

I think the OP hasn't been talking about trading strategies where as I read the content of his thread it just focuses on which platforms are good to trade on. Some users recommend Binance and Kucoin, but the best are local trading platforms which may also have got their government license.

So far I'm using Binance and local exchanges, but you (OP) have to have a good strategy to expect profit. Try avoiding futures trading and focus on spot trading.

 you should know that there's no platform that guarantees 100% profit without loss when trading bitcoin, you have to only risk a capital that you can afford to loss in a case of loss while trading, you don't make quick money when trading  bitcoin it takes patience and good trading skills however there are many platform where you can make money through cryptocurrencies, ranging from investing to active, trading to stake, app such as binance, meta trader, octafx, etrade, houbi, and many.
 You can also use the coinmarket cap to explore the crypto market, then choose a reliable trading platform and develope a trading strategy.

Actually, not everyone gets success in trading because most people don't prefer learning before starting their journey, for such people, buying low and holding for long-term is the best solution. Buying and selling in short intervals requires experience and knowledge and if you don't have that, you can barely become a successful day trader or scalper. So if you don't know much about the market, you should simply just buy and hold.

Day trading might not look so difficult but it also isn't as simple as it may look or sound, one wrong trade can make your capital or a part of it stuck as it is not very easy to time the market perfectly and only someone who is very much experienced can do that and even those won't be able to time it perfectly.

Bitcoin need it’s own strategy as compared to the other coins.Because we will use the new way of technique for the bitcoin,buying at the low is the basic technique.Don’t use the signal for the trading,instead use the own strategy for the trading.When you earn money of loss the money,it won’t affect you.Because you earning or losing by your own strategy towards the trading.If you use other strategies,you are force to blame others for the technique which is not a essential one.Create your strategy by the trading candles.

Since what you came across is forex and you get to study about it but trying to implement it to CRYPTO TRADING its not working my best advise will be try giving for STUDY a chance you might end up doing better with forex than crypto and forex is more sustainable and regulated.

If you want to trade in bitcoin, you need to trade bitcoin with some wisdom. Suppose you trading some money in Bitcoin, you split this money into two parts, trading the first part of the money long-time in Bitcoin, and convert the second part to stable coin. Later when the market price of bitcoins drops, or the bitcoin market crashes, trade bitcoins with this money. Then you will get good amount of profit immediately. So if you trade Bitcoin like this you can get success very quickly.

When it comes to exchanges, Binance is placed #1 on the charts, and Changpeng Zhao is doing a tremendous job to keep the exchange at the top. Trading with the top safest exchanges in the space increases your chances of making money and staying safe. Scammers who are desperate to gain access to a trading account or portfolio will wipe everything. We should be cautious in whatever we do, not giving up and conducting a trade that is convenient for us. Most nations have yet to accept cryptocurrencies, therefore these exchanges are strictly prohibited; yet, smart traders always find ways to make their trades secretly.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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 .

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.

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.

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.

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.

This is a mistake, you are trying to rely on someone else to try to trade the markets, and while it makes sense to study the methods of other traders in order to improve your own, it seems you just want to follow those signals blindly and make money, and this is never going to work, stop doing this especially if you are trading with your capital and you are not just testing this strategy, as if you continue with this behavior then sooner or later you will find yourself losing a massive amount of money.

I don't like using forex brokers to trade Bitcoin, you don't own any Bitcoin if you keep trading with forex brokers instead trade with cryptocurency exchange, we many if them and you can choose from them depending on your preference. Are you looking for a decentralized exchange to trade Bitcoin through P2P or you're looking for a centralized exchange that you can trade Bitcoin and other cryptocurency.

Binance exchange is one of the most popular and has a very high volume for trade therefore you can make use of them if you're willing to pass KYC verification and start using the platform for trading or you can make use of Kucoin that doesn't make it a must to pass KYC.

I think to use P2P services on a centralized exchange like on Binance also requires the user to register an account. They need to complete KYC to be able to use the service, but if the OP wants to trade without risking his personal data then bisq is the option.

Local exchanges will help him get easy service for deposits and withdrawals to and from his bank account. Even if it is centralized, but I think the government has licensed it for use, but still the safety of funds is the responsibility of each user. Don't make a centralized exchange as an investment wallet, it should only be used to trade and withdraw all funds once the trade is completed.

This is a funny scenerio and op need to be careful the way he uses different apps to trade online. Trading the forex market and the cryptocurrency is very different from each other that is why there is need to understand the crypto market to get a good result. In the forex market, you can easily trade it using indicators and listening to news to get hold of the opportunity to make massive profits in the market. In cryptocurrency market, news do not control the market because it can easily be manipulated based on the team and whales that are holding large holdings of it.

Begin by investigating well-known cryptocurrency exchanges such as Binance, which frequently provide bitcoin trading choices. Make certain that the platform you use prioritizes security, with features such as two-factor authentication and cold storage for cash.  Consider looking at specialized bitcoin trading platforms such as BitMEX, Bitfinex, and OKEx, which may provide additional features and tools designed just for bitcoin traders.

I prefer to start with the local trading platforms for cryptocurrencies in your country because they typically offer comprehensive learning materials and instructions on trading in the local tongue. Additionally, because local platforms only work with clients of the same nationality, people with personal knowledge and numerous stories of people having difficulties with trading activities will receive support more quickly.

if you want to trade Bitcoin on the spot market, my advice is that you have to have a lot of capital,
but if you want to trade Bitcoin with a small capital, my advice is to avoid the spot market,
yes, because you know the price of Bitcoin is very expensive and increases are also very difficult,
I own capital $200 and buy Bitcoins but never grow, and I buy altcoins like VRA, CKB or XRP and they grow,
so you have to think if you really want to trade bitcoins.

trading in bitcoin in my opinion is more difficult than in altcoins,
because in Bitcoin there is no developer no news about its development but news from the world itself,
if the world is doing well then Bitcoin will pump, but if the world is not good then bitcoin will dump,
different from altcoins you can see good news from Ethereum, Ripple or Conflux and others,
therefore if you want to trade in Bitcoin make sure you can read charts or technical analysis personally.

OP is looking for a local exchange to make it easier for him to make deposits or withdrawals. although some centralized exchanges also provide P2P trading or can make withdrawals to certain bank accounts.
because the OP also hasn't confirmed where he's from. like some of the suggestions that have been given by other members. some exchange lists he could indeed use.

but my advice is because OP also wants to trade Bitcoin. it would be better for the OP to also have a personal wallet to store his Bitcoins or other assets offline when done trading. do not store it on the exchange when finished trading.

That's not true. You can start with the regular Spot trading before moving into Future trades which are volatile. Your first call should be to equip yourself with the rudimentary skill set for trading before diving into it. Have an intense practice and demo trade for a while before funding an exchange account. Here's a link to an app that can allow you have a feel of crypto demo trading. It's the Tabtrader. In case you use an android phone, you can download the Tabtrader on the Playstore.

It's the same thing with me. I don't know why those who are saying OP shouldn't use them are advising that way. Even when you open crypto trading platforms you will also get to find similar indis like what the Forex Trading platforms have. We've these indis on TabTrader, a popular crypto platform, and many others.

To trade Bitcoin, you can follow these basic steps. Firstly, you'll need to choose a cryptocurrency exchange or trading platform that supports Bitcoin trading. Sign up and complete the necessary verification process. Next, deposit funds into your trading account, usually in the form of fiat currency or other cryptocurrencies. Once your account is funded, you can start placing trades. You can decide to buy Bitcoin when you believe its price will rise or sell it when you anticipate a decline. It's essential to develop a trading strategy, set a budget, and manage your risk by using stop-loss orders or setting profit targets. Stay updated on market news and analysis to make informed decisions. Finally, consider using trading tools and charts to analyze price trends and indicators. Remember that trading involves risks, and it's advisable to start with smaller amounts and gradually increase your exposure as you gain experience and confidence in your trading abilities.

It’s advised to trade Bitcoins on crypto exchanges. First make sure that Bitcoins and cryptocurrencies are legal in your country, then if everything is good, choose a reputable casino which operates in your country. I would suggest Binance for trading, as it is one of the oldest exchanges in the market and the users have never faced any issue from it. I can’t suggest you local apps or websites, moreover you shouldn’t try these local ones, as anytime they can scam exit, use global platforms for better security.

Do not use forex apps at all for bitcoin trading. If you want, you can use good exchanges like Binance, kucoin to trade and you will feel comfortable. and scammers give different signals to avoid investing with their advice. and if you fall into the trap of such scams, you will definitely lose your money. So if you want to survive in the market by trading then definitely take the advice of a good investor. and if you trade or invest according to their advice, you will definitely gain in the future.

There are lots of Decentralized exchanges and Centralized exchanges out there that you can use for your trading needs. You can go to coinmarketcap and go to the Exchange section and choose what kind of exchange you want to use after that it's better to pick the top exchange with a good reputation since there are already some exchange goes down in recent events.

Why do you want to have the bitcoin only trading apps? Most of the exchanges have bitcoin and from there, you can just trade only bitcoin even if you've got a lot of choices to trade with their supported cryptos. Choose Binance as it's the most recommended by most despite of it asking for KYC nowadays, still people don't mind having its compliance because of the service that they're giving and it's not hectic to go with them because the service they've been providing is actually good. They've got several markets for bitcoin and even if you only want to trade with some specific pairs for bitcoin, you can have it there.

5G as per your name learn fast the basics of Bitcoin then understand the favorable market condition to invest or take entry rather than trading I will suggest my dear fellow a very loyal investment in Bitcoin using DCA which can make your dreams come true and you won't regret leaving the trading in any time frame. I assure you until you really have good trading capital to trade with and good skills.

This was fast advice on how the new generation likes
Regards -Hamza

You can use MetaTrading app to create demo and practice it from there. Forex trading and cryptocurrency trading have a slide different. I hope MetaTrading is good for beginners as well so you can do well with it. You have to set you opening trade and closing trade so that the trading would close by himself if those you are not online. Though even at that you will still loss but it is less because the trading will not close when it has not reached your timeline. Either the loss bottom red line or the profit green line

Let me make you to understand that you didn't try trading you tried the futures and options based on the statement you provided. Because there are lot of pseudo trading apps available on Play Store and app market which claims that you can make money and all you need to do is to predict the future movement.

I consider spot trading is the real trading where you buy a crypto on an exchange let's say Binance and wait until it rise then you sell it so at the end you made profits and this is how the trading works and just learn basics about trading before jumping into it.

It's hard to give a good answer based on your question when you don't tell us which country you're from!

even though it is not recommended to use CEX, i agree with the recommendation from @mk4....for an easy exchange option for beginners, Binance is a good choice besides that Kucoin, e-toro and Coinbase can be other options ^{(dyor which one is best for you)}.  i also heard the news that Binance has exchanges they control in several countries, maybe you can find out what exchanges in your country are partners with Binance.

You have many ways to trade Bitcoin and on many exchanges.

Awesome crypto trading
Use best trading weapons including Stop loss order and Stop limit order
Don't forget to do Dollar Cost Averaging DCA https://dcabtc.com/

Trading or DCA for investment, a same reason is to get richer. DCA can help you become richer and it will be more easily than get richer by trading.

Don't take forex for bitcoin trading, they are two different things, though they may sound alike but there are differences, but if you already had the forex trading experience, it may help you in getting used to that of bitcoin more faster than a novice in trading, there are online materials you could download to read, learn from the forum here and watch some trading clips on YouTube, this will also help in it own way.


There are bitcoin trading bots you can get and make use of, but that there's no certainty in the result that you may get from this, study also the trading chart, weekly candles, and track the price by speculating well on the moves, learn all the trading patterns and under where each can be applicable.

First you can use the Binance app to trade wherever you are. The first thing you need to do here is to create an account with your email or phone number in your country. Then you need to deposit Bitcoin, USD unique currency if any for trading. Then you can buy and sell by following the market chart. But since you are coming from forex trading, here you will have a lot of difficulty in understanding the market situation at first. At first you need to trade by looking at the market chart very carefully. But remember that no mistake can be made here, if you make a mistake, you will lose a lot of money.

for me trading forex or bitcoin is the same, I usually use the same indicators and the same techniques too, if you experience an analysis error, it's normal, try again at another opportunity. we cannot force the market according to our wishes, but must be able to follow the will of the market. maybe there is something wrong with us, because I often also trade the same bitcoin in one platform with forex with leveraged trading, and it's not an obstacle, losing or winning is normal

I thought you would understand I meant altcoin paired with stablecoin incase that would be less volatile because Op issue was a little about losses trading bitcoin and searching for a place for lesser loses which I think he will get the same anywhere if he is trading bitcoin and can't manage it.


Whoever is interested to trade and produce profit should be interested to learn how the pips come out and the difference from where he made the other being the profit or lose. But overall if a trader has knowledge about market, indicators, charts and others according to what you said then he should not worry much about pips because he is going to supposedly make profit anytime he makes order.

I prefer to use your country's local (regulated) crypto oriented trading platforms first, they generally also provide complete trading-oriented learnings and instructions in the local language. Also, as far as personal experience and lots of stories of people with problems with trading activities they'll get support faster because local platforms only deal with customers with the same nationality.

Dont use forex apps for bitcoin trading. Use an exchange app like KuCoin or others as supported by you local community and in your country. Again dont look at signals, they are mostly fake picks done by malevolent people trying to make money off your panic situation. Listen to those and you will lose your money.

You should first visit your local country section of this forum and see what app they use and then create an account there/pass KYC so you can start trading right away. Learn trading from articles on the internet and youtube and start with dummy trading first. Never trust the words of any person on the net, learn the methods on your own and decide on your own to buy and sell.

Forex and Bitcoin are different things, the indicators that work with forex might not work with Bitcoin due to its volatility. The forex market is far less volatile than crypto market and that's why many forex traders face losses when they start crypto trading. The crypto market is the most volatile market in the world and anyone who's unware of its volatility should first learn about it before starting trading.

Although, the parameters of your indicators might not work for crypto, but the indicators are still same, once you learn to modify the parameters in a working way and develop a good strategy then you will have a good time trading Bitcoin. Basically the technical indicators are same for crypto and forex,  you only need to set some good parameters and winning strategy to take advantage of the volatility of the market.

You can try some good crypto exchanges as they offer valuable services and the option to set and modify the indicators. You'll learn the market if you devote some time to it, instead of executing the trades in the start it's better to learn and master the volatility of the market, and once you reach a good level of understanding then execute your trades.

What is the difference? I mean trading bitcoin and trading stable coin. A trader can not prefer to trade stable coin for a stable coin to make profit, that is even not possible for profit making, traders trade unstable and stable coins pair.

If you are on a spot market, you will prefer to trade BTC/USDT pair. Also if you are on a future trading market, you will prefer to trade BTCUSDT. Even if you go for Coin-Margin which is the one that is different, that does not mean that it is not risky like others mentioned too. But spot trading is not as risky as future trading.

Another thing is that a trader can have the knowledge about market, indicators, charts and others, but how the profit is calculated using pips and lots in forex is not the same as crypto trading which requires little and easy calculations. Not that the calculation in forex is difficult too though.

You can use binance. It is a centralized exchange platform that you can still use for trading after you verify your account but you have to understand that trading bitcoin from forex platform or crypto exchange platform are not far different and if you are making losses it means you are not trading rightly and can also continue making losses even after you use exchange. Bitcoin no doubt is highly volatile and that is the reason for most traders making losses, trading stablecoins can be a little bit better.


I think high leverage is not op's leverage issue because you can adjust leverage use in forex platform. Perhaps Op is new to trade and just confused and thinking an easy way to profiting from bitcoin trading exist somewhere but I doubt he will find that even after reducing his leverage to 1:1 on exchange.

If you want to trade bitcoin, I mean the real bitcoin, you can use centralised exchanges. You can see the lists of centralize exchanges on Coingecko and their rank.

https://www.coingecko.com/en/exchanges

You can see their trading volume and their ranking score. Check the ones that provide exchanges services to people in your country.

There are many good exchanges that I am using. Bybit, OKX, Huobi Global and some others are good. I use Binance and Kucoin, they are both good too.


For non KYC exchanges: Current list of exchanges without KYC

But know that all exchanges mentioned are centralised exchanges and they may request or force their users to do KYC at anytime.

You can't use your trading strategy in forex to Bitcoin immediately, you have to backtest your setup when it's your first time in that pair. You have to bear in mind that each currency pair has different market habits and  volatility. Some traders use different strat when they want to trade crypto, and I also notice with my batch mate that he only scalping in forex, maybe that's the best trading technique in forex. But in crypto, swing trading is also best.
If you want to trade Bitcoin, I recommend Binance since this is the best trading exchange out there.

This mean you know the platform to buy and sell Bitcoin, the signals you used to trade forex were working, but it's not work when you trade Bitcoin. So you're looking an exchange where you can make easy money by trading a Bitcoin? there's no such exchange because even though you're using copy trading from a trader or bot to trade for you, there's no guarantee you will make money.

The OP looks like he is going to lose his money and more, but when a person is stubborn about something, it is better to leave it and end up beating himself up against reality on his own. The only ones who get rich with leveraged trading with forex and all that crap are those who promote it and those who charge fees.

As for where to trade, he has already been given an answer.

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).

Don't trade cryptocurrency with Forex as with their very high leverages, you will hardly to control your decisions and emotions when you open your positions and close them.

You can trade your cryptocurrency on centralized exchanges or decentralized exchanges.

With centralized exchanges, you will have to create your account, mostly KYC and store your cryptocurrency in that account. You don't own private keys of your coins on centralized exchanges.

Reminder: do not keep your money in online accounts New

With decentralized exchanges, you own private keys of your coins.

Learn trading with Awesome crypto trading

If you want to cash out and don't want KYC, use non KYC exchanges.
https://kycnot.me/

What is your country, There are many bitcoin exchanges as most of them require you to verify your identity first, deposit bitcoins and then trade in many pairs such as the stable currency pair, where you aim to make a profit from the price differences or with every rise and fall in the price.
You need to learn the basics of trading, technical analysis and reading trading charts and then with a little patience you will learn how to trade Bitcoin properly.

You can start following analytics with this board https://bitcointalk.org/index.php?board=57.0.

Some forex applications enable you to trade bitcoins, but you do not actually buy bitcoins, but rather shares bearing the name of bitcoins, and you are often unable to withdraw them, and therefore it is better to avoid them.

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.