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Showing 20 of 39 results by BinarySumo
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Topic
Board Beginners & Help
Re: Things to remember for the year 2023
by
BinarySumo
on 06/01/2023, 07:21:32 UTC
Thanks for these tips! Another one I would like to add is patience. We need this more than ever. Do not make any hasty decisions and do not run after any “attractive” schemes. Stay alert and keep holding.
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Topic
Board Beginners & Help
Re: As a newbie I stay off shitcoin and it paid off, Bitcoin is the king.
by
BinarySumo
on 05/01/2023, 06:22:48 UTC
New traders want to make quick profits. That’s why they invest in altcoins. And not all altcoins are worth it. They can be highly volatile, which can make them risky to hold for the long term. Moreover, There may be less information available about altcoins compared to more established cryptocurrencies, which can make it difficult to make informed investment decisions.
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Topic
Board Trading Discussion
Re: Day/Swing Trading - Trainer or Tutor or other suggesting
by
BinarySumo
on 04/01/2023, 06:40:45 UTC
There are plenty of good resources to learn by yourself. I don’t think you need any trader to learn that. Eventually, you are going to make your own trading calls. Just find good resources and be consistent with your learning. Forums are great  to clear doubts, so ask freely  if you need any help.
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Topic
Board Bitcoin Discussion
Re: How did you come to know bitcoin?
by
BinarySumo
on 03/01/2023, 06:46:57 UTC
I got to know about Bitcoin in 2015 when I was a student. At that time, I had no idea what it was and took it as a joke. Now I realise the potential. It’s better to be late than never!
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Topic
Board Trading Discussion
Re: Trading With Borrowed Funds!!!
by
BinarySumo
on 02/01/2023, 09:32:37 UTC
Taking a loan is a bad idea because it increases the potential for losses. If the trade does not go as planned and the trader is unable to cover the loan, they may be required to sell their assets or incur additional debt to pay back the loan. Moreover, this can lead to financial distress.
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Topic
Board Off-topic
Re: What are you listening to RIGHT NOW?
by
BinarySumo
on 30/12/2022, 06:08:51 UTC
Post
Topic
Board Beginners & Help
Re: Free Cryptocurrency Courses for Beginners
by
BinarySumo
on 29/12/2022, 06:00:48 UTC
This is a nice course. I like how the information is laid out. Will share among my peers. Thank you!
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Topic
Board Off-topic
Re: Why depression comes
by
BinarySumo
on 27/12/2022, 07:59:37 UTC
It comes because you let it come. Think about positive thoughts, and you feel the same. I guess, most of the depression comes from overthinking and over-expectations. Humans are  becoming more impatient.
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Topic
Board Beginners & Help
Re: Be aware of Santa Bitcoin, stay ahead.
by
BinarySumo
on 27/12/2022, 07:47:35 UTC
Such coins generally pop up during holidays and even when something becomes trendy. Remember what happened with the come that came after the  TV show - squid game? The coin hyped up and now is in the gutter.
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Topic
Board Off-topic
Re: Truth About Life
by
BinarySumo
on 26/12/2022, 12:23:11 UTC
That is right! There are hardly any good people in the world. But honestly, what do you really have got to do with them? I don’t have a lot of friends, and I am very happy about it. Just find peace within yourself - that's most important.
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Topic
Board Trading Discussion
Re: Demo Account, Should Not Be Related To A Real Account
by
BinarySumo
on 26/12/2022, 12:20:50 UTC
Because it doesn't give you the same level of experience or accurate representation of the real forex market. Demo accounts often have more favourable trade conditions than real accounts, which can lead to a false sense of confidence and unrealistic expectations. Moreover, trading on a demo account also doesn't give you the same level of pressure or consequences as trading with real money, so it's not a true reflection of how you would perform in a real-money trading environment.
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Topic
Board Off-topic
Re: How to forget her?
by
BinarySumo
on 26/12/2022, 12:19:22 UTC
Getting over an ex can be a difficult and emotional process. So, allow yourself to feel your emotions, and it's okay to feel sad, angry, or hurt. Take time to allow yourself to process these emotions and give yourself time to heal. But make sure to prioritise self-care, such as getting enough sleep, eating well, and engaging in activities that bring you joy.
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Topic
Board Trading Discussion
Re: Does a trading strategy becomes obsolete?
by
BinarySumo
on 23/12/2022, 10:18:13 UTC
Interesting question! My answer is maybe. A trading strategy can become obsolete if the market conditions or the trader's goals change significantly. So, it is important for traders to continuously reassess their strategy and make adjustments as needed in order to remain relevant and effective.

However, it is not necessarily the case that a trading strategy will always become obsolete, as some strategies may continue to be successful over longer periods of time.
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Topic
Board Trading Discussion
Re: What you really think about trading bots?
by
BinarySumo
on 23/12/2022, 10:11:19 UTC
Trading bots can be useful tools for automating certain aspects of trading, such as executing trades based on predetermined criteria. However, it is important to carefully research and select a reputable trading bot, as there are many scams and poorly-performing bots on the market. It is also important to remember that trading bots are only as good as the parameters they are programmed with, so it is essential to have a thorough understanding of the market and trading strategy before relying on a bot.
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Topic
Board Off-topic
Re: How is your relationship with your father? Is he a role model or a bad example?
by
BinarySumo
on 22/12/2022, 06:50:23 UTC
I have  a working relationship with my dad. We don’t really talk much. I don’t know if it's always been like this. But when we do, we talk deeply, which happens like once every 3-4 months. Lol
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Topic
Board Trading Discussion
Re: Shall we create a small chat room to communicate?
by
BinarySumo
on 22/12/2022, 06:38:56 UTC
I think chat rooms can be a good way to connect with other traders and discuss strategies and other trade ideas. But it could also lead to scammers baiting  new traders, which would spoil the decorum of the chartroom, unless someone takes the responsibility to moderate it.
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Topic
Board Off-topic
Re: What is the last movie you watched?
by
BinarySumo
on 22/12/2022, 06:31:53 UTC
Watched Avatar 2 with my family last week! It’s not as good as I expected. The visuals were, of course, amazing. The storyline was dumb.
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Topic
Board Trading Discussion
Re: What to do when trading gives you heart problem.
by
BinarySumo
on 21/12/2022, 09:17:23 UTC
They say: “Health is wealth.” So, if you think the next time your investments take a dip, you possibly might have a heart attack. Then, why take the risk? Moreover, the market is never a green field. This way, you probably might die from trading lol. Btw, I too question the seriousness of this post.
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Topic
Board Trading Discussion
Re: Friends and Family members want me to invest for them, help!
by
BinarySumo
on 20/12/2022, 08:03:01 UTC
I wouldn’t do that. It is generally a bad idea to invest for others because it can expose you to significant financial and legal risks. For example, if you make investment decisions on behalf of someone else and those decisions result in losses, the person for whom you are investing may hold you financially responsible for those losses.
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Topic
Board Off-topic
Re: Do you watch Tiktok?
by
BinarySumo
on 20/12/2022, 07:55:37 UTC
Nope! Tik Tok is one of those apps that I have blacklisted on my cell phone!