Is Bitcoin Trading Real Or Fake?

Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.” “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” “Risk comes from not knowing what you're doing.” “We don't have to be smarter than the rest.

On social media you see a lot of appearances of success!

What you don't see are the imperfect and the lessons to get there.

There is no "one size" fits all approach what is there in reality are hiccups..... bumps...... bruises.....missed deadline..... detractors......haters.....naysayers.....and most of all lessons.

The beautiful thing is at the end of it all is always the beginning of something new!

What is best time for crypto trading?

There are no general rules about when to buy cryptocurrencies. It's usually not a good idea to buy at the top of a bubble, and it's usually not a good idea to buy when the price is falling. As the wisdom of the merchant goes, never take the knife off. The best time can be when the price is stable at a low level.

Cryptocurrency trading is a broad topic and determining exactly when a crypto bubble is in place and when it will burst is not an exact science. Today it is difficult to answer questions that are easy to see. Sometimes a coin starts to rise and once it crosses a major historical resistance line, many believe that the bubble has peaked when the real recovery is just beginning.

For example, few people buy $1,000 worth of bitcoins or $100 worth of Ether because the price seems too high to them. But after a few years, those prices seem like a bargain that won't hit the market again.

This is definitely not financial advice, but some general guidelines to help you decide when to invest include:

Don't compare the crypto bubble with a traditional bubble in mainstream finance. A ten percent increase or decrease in the value of a cryptocurrency can fluctuate daily. It may be a 100% bubble, but often it's just the beginning. 1000 percent chance it's a bubble, but it's not guaranteed to burst.

Don't buy it just because it's in the water. It can be different, so it takes time to observe the changing situation.

Don't buy it because you're afraid it will explode tomorrow. Be informed and buy when you are sure of your entry point.

Don't fall for reactive selling or "paper hands". Selling too early will ruin your plan and can hurt your ROI. Impose. Diamond hand. The money revolution has just begun.

With Fiordintel you can secure your crypto wallet with our advanced cryptography security solutions. keep your accounts safe from all forms of cyber infiltrations. You can also inform them about any kind of scam related to cryptocurrency and hopefully they will try their best to help you. For more info: go DM me.

CONFIDENCE IS THE NEW COMPANY Save this!

It's not about who's the smartest in the room, the person with the most experience or education! One thing that separates the ordinary from the extraordinary is confidence. If you believe you can, you will and others will too!!

Praying for a successful day 2 of #InvestFest for all in attendance! I pray against the spirit of fear, self doubt and speak against any form of imposter syndrome! To the person reading this, YOU BELONG in the room

How can I learn how to trade Forex and stocks?

How to trade Forex or Stocks ?

Trading can be a very lucrative work. However, the sad reality in trading is that many people fail to succeed at this endeavor. I will explain to you exactly why and how you can be part of the minority that prospers as a successful trader. I am myself a trader for now more than 4 years and everything that I will share with you comes out of experience. And so, if you want to learn how to trade forex or stocks, you must first understand why many people fail at it. Even the smartest and most educated of the society do and this is not related to IQ. Here’s why:

1) The masses have the wrong information about trading; they believe it to be “a get rich overnight” thing. The truth is, it’s totally the contrary. Any other job in the world that has a high pay requires you to study for years and get many hours of practice and lesson. Why would people think otherwise about trading? Probably because of all the scamming that is going on around in social media. Those people sell a dream, they sell lies and make all their money by doing so and none from trading. Therefore, the first thing you need to understand if you want to make money trading is that this won’t make you a millionaire overnight.

2) They do not take any course and simply jump right into to trading thinking they’re smarter than everyone else. They might start trading in a demo account and make some good amounts of profits luckily or find an interesting indicator that will lead them to believe they found the secret formula. Putting your money at risk with no previous education and experience is to be a complete fool. And regarding indicators, they are not the answer. Yes, they help in chart analysis and I do recommend them but what truly matters is the price action itself. That is, making decisions based the candlestick formations you see on your chart.

3) They do not have a plan. They are not prepared to trade the markets neither know what they’re doing. They open positions simply because their gut tells them and opens all kinds of them. Without a plan, you’re guaranteed to fail miserably. You must have a strategy in mind and steps to execute it accordingly. If you’d like to learn how to find a trading strategy that suits you without losing money, then you may want to read on as I will explain this later.

4) Poor money management. They take absurd risks in each of their positions. There is math in trading and you must understand that the higher your risk per position, the less turns you have. Sure, you may make a gain of 10% out of one position but you may lose that 10% as easily and even more. The successful traders use minimal risk so that they have as many shots as possible to let their edge in the market work itself out over time.

5) They have no psychological control over themselves and no discipline. Professional traders are like monks. It’s not as what you see in the movies. Trading is boring as you spend your days sitting in front of a screen and waiting for the right opportunity to catch a move. A successful trader will not have any kind of emotion within themselves and simply stick to their rules and keep executing his strategy. Whether a position is a winner or a loser, it doesn’t affect them emotionally. The reason why is because they have a working plan and strategy. Them getting emotional over the output of a trade is not going to help at all but in the contrary, it’s going to cost them a lot of money. Making decisions based on emotions and going against your rules and strategy is guaranteed to fail.

6) They repeat the same mistakes repeatedly without improving themselves and keep no records of their trading. Some things in life must be learned through trial and error and trading is part of it. Of course, if you don’t know what you’re doing in the first place, you wouldn’t learn anything off your mistakes. But if you do have a certain plan or strategy, then the mistakes you make are valuable lessons. You must keep track of the positions you get into, your losses as well as your wins, so that you can analyze your trading and understanding where you can improve yourself and what you should keep doing or stop doing.

These are the most common reasons people fail at trading. Ultimately, they have false expectations, they do not do any research and have no plan or strategy, they trade without having any experience, they take absurd risks and their trading decisions are based off their emotions be it greed or fear. You need to develop a trader’s mindset and way of thinking. The best way to learn how to do that is to learn from someone else, that is; buying a book from a person with reputation in the subject.

Now, after having understood why there are so many failures in trading, I can explain the steps you need to take to become a profitable and successful trader. For the sake of keeping this answer short and as straight forward as possible, these are very simplified steps.

1) When making trading decisions, you base yourself on either technical analysis, which is analysis the charts, or fundamental analysis, which is looking at the numbers and at the policy of said company or country if you’re trading FOREX. The most used and suggested type of analysis for retail traders is technical analysis since you have real time information as to what’s going on in the market. And so, if you do not yet have the basics of technical analysis, I suggest you find a website that talks about it for free. Keep in mind, if you’re interested in more advanced teaching in technical analysis, there are many books out there.

2) Once you understand how the market moves and how technical analysis works, you need to develop your strategy. How can you do that? By looking at the charts and finding patterns or moves which you could’ve taken. Find those patterns that happens on multiple occasions and take screenshots of them and have it all categorized properly. Here is a very simple one, the continuation pattern:

Now you may notice I am using different indicators on my chart. The lines that you see are exponential moving averages which I basically use as an indication of the trend and as support and resistance in cases where applicable. If you’re interested in knowing how exactly the exponential moving average works then you can read about it in this article by Investopedia here. When a cross over happens with those EMAs, it is a sign that the market is shifting its trend. With experience and practice, you will be able to tell when the right opportunities present itself.

Regarding the indicator at the bottom window, it’s called a moving average convergence divergence (MACD). It is basically used to determine the momentum of the market. If you’d like to know more about it then I suggest you read this article by Investopedia here. Keep in mind that indicators are solely used to help make trading decisions. As a trader, I have learned to associate patterns in the market with how my indicators act. Therefore, I can always make a correlation between my technical analysis and my indicators.

Before moving to the next step, I would like to talk about the 2 major trading styles which is day trading and swing trading. A day trader is mostly like a person who works from 9 to 5. Since they place their trades on the lower timeframes and their trades last on average from a few minutes to a maximum of a few hours, they tend to sit in front of their computer during market hours. However, a swing trader doesn’t have to spend many hours behind his computer since his trades can last from about a day to a few weeks in some cases. A swing trade catches the big moves the market makes in direction of the trend or after pullbacks. The screenshots shared above are all swing trades that have lasted a few days if not, weeks.

I highly recommend anyone that is interested in trading to adopt the swing trading style because not only does it give you more freedom but since the trades you place are on the higher timeframes; thus, the trends are more important, you tend to have a much higher win to loss ratio. While as a day trader, you trade the ups and downs that happens in the market within a day and within the actual longer time frames. A swing trader may place about 3 to 5 trades in a given month while a day trader may place at least 5 times as much if not more. You must understand that trading the long-term trend is safer and holds higher probability of success than trying to profit from the ups and downs the market makes within a day. However, it is up to personal preferences and you may try both to figure out the one that works better for you.

3) Now that you understand technical analysis and have a strategy, here comes the most important and crucial part; back-testing. Back-testing is trading in a simulator software on past historical data to get the experience and practice required to trade profitably and to develop winning strategies. The advantage of a back-testing software is that you do not have to trade in a real time market and can speed up the simulation. This gives you the edge of getting a year of trading experience in only but a week or more, depending on how much time you put into it. While back-testing, you will be able to test your different patterns and refine them so that your profit ratio is at its highest. You will also build a database of your performance and have crucial data as to what you’re doing right or wrong and where you can improve. There are many back-testing software’s in the internet, but they usually cost in the hundreds. The back-testing software I personally use and suggest is not in the hundreds but only 99$ and comes with everything you need whether it be stats or a friendly interface. You can get it here. It works with the most used free Forex trading platform; Metatrader 4 which you can obtain from any Forex broker. You can trade the foreign exchange and indices with it to gain the experience you need as a trader. Keep in mind that if you do not like the product you can always return it for a full refund within 14 days of the purchase date. If you’re serious about trading, then you understand how important it is to back-test your strategies and keep your knowledge and experience in top shape. Trading is a performance-based work and needs practice.

If you’ve been struggling as a trader and keep searching answers for how to trade forex or stocks profitably, the obvious solution, which most totally ignore, is backtesting. Keep in mind that if you do backtest then you will speed up your learning process, thus becoming a consistent profitable trader much sooner than otherwise! This will save you a lot of time and money.

Furthermore, before ending this article, I’d like to make sure you understand what to expect from trading. Unfortunately, with all those presumably “pro” traders on social media that advertise a wealthy lifestyle but live off from selling trading products and services, many people are deceived. If you have the wrong expectations, then you will undoubtedly fail. A very few of them may be legitimate traders but you would have to understand that they are on a different level than you with more capital to trade with. However, most of them are faking making a living through trading and make most if not all their income from selling you their products and services because it’s an easier way to make money off the greed of people.

To put it simple and precisely, trading is but a way of investing your money in your own terms to make more returns and profits. When you do acquire the experience it takes to trade profitably, then the returns are much better than you would get anywhere else. However, it is nothing that simple and easy and you’d have to spend many hours on researching, practicing and educating yourself on the subject. Hence, the reason why so many people that get into trading fails is because they do not have the right expectations. However, if you do take this professionally and truly invest yourself into it then you could without a doubt make tremendous returns over the years as your equity compounds if you don't withdraw much of it. Moreover, do not expect to live off from trading in your first years. Until you have a large sum to trade with and have gained the required experience, trading will simply be something that you would do on the side of your main job.

At the end, after you understand what it takes to be a trader, one can realize that your success is determined by your ability to think rationally. By your ability to always think objectively rather than subjectively. A wise person would do his research firsthand just as you might be doing right now and figure out the ins and outs of trading. Only after determining whether they like it and can do it, one would write a plan about how they intend to move forward without skipping any steps. In the contrary, an irrational and unwise person would not do a lot of research and foolishly risk their capital without even actually understanding the mechanism of the system which in turn is a guaranteed failure. The lesson is to understand what you’re doing before doing it.

To sum I it up, do not trade a live account unless you have done the practice on a simulation software and are happy with your performance. Only then, when you have a clear strategy and enough experience to trade profitably, trade with real money. Until then, it will take you a while before you gain the required knowledge and expertise. One thing to always keep in mind is that at whatever speed you’re going, eventually you’ll reach your destination. What matters is not giving up and always showing up. Slow and steady always wins the race. I hope I’ve helped you out. If I did, an upvote would be very appreciated so others can have this information as well! Best of luck!

If you are interested in being an active trader and day trade rather than long term hold and invest, then I invite you to read this second article I wrote which explains what it takes to be a successful and profitable day trader:

Investing money is personal

Everyone has a unique financial situation. The best way to invest depends on your personal preferences and financial circumstances.

Here's a five-step process that can help you figure out how to invest your money right now:

1. Identify your financial goal and when you want to achieve that goal.

2. Decide if you want to manage your money yourself or work with a service that does it for you.

3. Pick the type of investment account you'll use.

4. Open an account.

5. Choose your investments.

Here’s how to put your cash to work right away.

» Ready to actually pick investments? Read about the best investments right now

My latest @forbes article focuses on diverse, young female leaders in crypto policy 🔥

The path to growth isn't always easy ... but it's always worth it. 💪✨

Sometimes we feel like we're stuck, like no matter how hard we try, we're not moving forward. but here's the truth: every step, no matter how small, is progress. every challenge you face is shaping you into a stronger, wiser version of yourself. 🌱

Don't be afraid of the struggles-- they're here to teach you. embrace the lessons, push through the obstacles, and trust the journey. the only way you fail is if you stop. keep going, your future self will thank you for it. 🙌🔥

Let's keep risking, learning, and becoming the best versions of ourselves!