/biz/ - Business & Finance

I am making shit ton of money and it's easy as fuck. Do come in and start with it ASAP.

dont, you will loose your btc. But you will not listen either way

>>17156349
Margin trading is a zero-sum game. So please, do join in on the fun.

You should at least start with a cash account so you can understand about crypto trading

>>17156515
Elaborate

It's completely degenerate and will liquidate a hundred times more people than make somebody else rich, but this is why it's so fun.

>>17156800
Degenerate sounds nice.

Any tips how to start?

>>17156982
Buy red sell green. But with even more at stake.

>>17156349
Its casino trading mate. If you have strong hands and are willing to lose it all then do it.

>>17157016
Sounds like honest advice. Thanks fren.

start watching crypto krown and cripto kirby. you will start learning stuff there. but if you have some btc/eth don't try to time the market, you will only lose money. for now, buy and hold and learn as much as you can.

if you feel like you are ready, start trading with 10% of your capital max. don't do more than that and don't use leverage. only use leverage after you are sure you are a winner (using those 10% of your capital)

>>17157037
The hardest is to keep a great mental. The best way to do that artificially is to convince you that every penny in the margin account is absolutely lost

is it true you pay fees for every day your long/short is active?

>>17157398
Yes. But ultimately, fees are not that high compared with the volatility of the market.
You can win and lose a year's worth of fees in a matter of minutes

>>17157423
And if I get liquidated does that mean they're closing my gambling account?

>>17157457
No. You just lose your money.
Say, if you use $100 with a x5 margin, a 20% up would double your money.
A 20% down would make it 0.

>>17156349
Use your free time to learn a useful skill like computer programming. Then maybe you'll lift yourself out of poverty.

Where do you go to do it?

>>17157535
ok thanks fren

>>17157884
Frens
Where
Thanks please

>>17157550
Computer programming is for poos and retards. Don't listen to this dumbass.

>>17157941
>Computer programming
...was invented and is still dominated by the white man.

You will make a few baby trades and have good profit, then get excited and yolo into a big trade and loose all of it.

>>17157972
>dominated by the white man
Get the fuck out of here Pajtoot

>>17156349
Trade large timeframes and use Renko charts to trade in easy mode.

GoCharting.com gives you renko charts for free.

>>17158022
The pajeets are harmless. They dunno how to code. It’s the white mans game. Learn to code don’t trade ok sir

>>17157999
Then i will just make baby trades forever and always make profit

>>17158037
It's not either/or. You can do both. Being able to program can be a huge edge in trading if you use your programming skill to automate your analysis and trade execution.

>>17158038
I thought with margin trading you trade short timeframes because you will sooner or later get liquidated if you hold your position too long open

>>17158419
You won't get liquidated if price keeps going your way. You only get liquidated when price moves against you too far.

Large timeframes are nice, because you can do it even while your wagecucking. Suppose you're trading the daily chart. Because you only get one new candle a day, so you can do your analysis and make a decision without wasting too much time out of your day. It's less prone to market fuckery too. I feel like everyone (beginner to veteran) should trade large timeframes.

>>17158594
I see your point. Thanks fren.

>>17158038
DONT FALL FOR THE CHARTS MEME

>>17157938
kraken

>>17158955
It looks like Renko is catching the major trends pretty well to me.

>>17156349
A whale uses my binance referral so I do ok for a NEET