Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Trading Discussion
Re: I trade cryptocurrencies with Forex brokers and would never use crypto exchanges
by
SmartGold01
on 04/06/2025, 07:57:48 UTC
Quote from: knowngunman on June 03, 2025, 06:13:11 AM
Quote from: SmartGold01 on June 01, 2025, 08:54:17 AM
When I was trying to dive into trading (not full time) just trying to gain the knowledge I discovered that trading over there is likewise volatile than using exchange although, MataTrader (MT5) is extremely volatile. As then I couldn't hear the loss I had to stop and focused on holding Bitcoin because I wasn't good enough in trading. In cryptocurrency exchange you can trade over there and make profit and of course there are people who are trading there on a daily basis and makes their profits without them even have to use MT5.

That's how it is everywhere. It's probably because you were still new to trading at that time. For someone with a soft heart can easily faint having first time experience using MT4/5 especially when you are trading with a high lot size  Grin
Trading with a higher lot size is like driving on the high way without break. As a beginner it's not advisable to start trading with high lot size without them having to understand how the trading works, it could be that going with high lot would depends on their equity as most times you can't trading with high lot size of 1.00 while you are having less than $50 in their trading account, this wouldn't take upto 20-30 minute to get drained up. It would be better to start with demo to cultivate themselves very well.