Subscribe == https://goo.gl/wi9wVK ==
Copy My Trades: https://goo.gl/j92Ftx
Follow Me On Social
Trading is a game of predictions. Here is the thing though…
Most people think about trading as if they are small. In fact, all of the small traders think the exact same way…small.
The issue is small traders do absolutely nothing within the market. They have very little power. Honestly, 95% of small traders are wrong when they trade.
So then why would you trade like you are a small trader?
The day I started thinking big was the day I figured out that my trades did not matter. My trades did not move the market but when I thought like somebody that does move the market I made more money!
So there are some tools that can help us out with this task. One of them is called the Fibonacci retracement tool…
The word “Fibonacci” probably brings you back too your high school math class (it did for me). Although math may have been your worst subject back then, this thing should be your best friend now.
The Fibonacci retracement tool forces you to think like an institutional investor (i.e. A guy with tons of money to move the market with).
It literally tells you when the big guys are going to buy and when the big guys are going to sell.
Magnr is a handy cross-platform trading site connected to a few big Bitcoin exchanges. Accounts never require any personal data or identitiy proof. So signup is quick and possible with anonymous data.
Leverage is available at Kraken up to 5x for several cryptocurrency pairs, including bitcoin. The fees are depending on the volume of the margin account.
Bitcoin can be traded on GDAX up to 5x leverage. The margin trading option must be manually turned on the account in order to make sure the users understands and reads the associated risks.
Margin trading is basically borrowing funds to purchase an asset, this allows you to buy more bitcoins that you would normally be able to do normally in the hope of making bigger profits on the price movements.
Advantages of Margin Trading.
The biggest benefit of margin trading is that you can take advantage of the additional funds when the market moves in the direction you expected. The overall profit of the positions once the bitcoins are soled and the loan is repaid is significantly higher compared to an ordinary trade execution.
Disadvantages of Margin Trading.
The disadvantage of margin trading is by nature the amount of risk a margin account can hold. The higher amount of leverage you take the bigger amount of money you can loose in case the market moves in an unfavorable way. Due to the margin call, the margin account must be funded countinuesly that involves significant amount of liquidity. It is only advisable to trade on marking if you have enough experience already on the market. To mitigate the associated risk, many trading platforms only offers limited amount of leverage trading opportunites.