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Showing 20 of 428 results by Mrengage
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Topic
Board Trading Discussion
Re: Does Trade have types?
by
Mrengage
on 02/07/2023, 07:44:33 UTC
I was thinking of these everytime and I never found any answer to it yet.

I was on one of the trading app call Deriv Go and I had lost then profit and I using the highest volatility 100v and it was MT5 and I stoped because of the lost I had and I want to ask if it has type of trade that someone can follow to make profit from.
There is a lot of grammatical errors in this post you made I think you should take your time to go through what you're posting before you POST, it will help readers to understand what you are trying to say without having to read over and over.

CHECK THIS QUOTE, i think this is a clear post to what you should have put out in the post. Undecided Undecided
Quote
I was on one of the trading app call Deriv Go and I had losses & profit as well but I am using BIG lot size like 100LOT I stopped because of the losses I had, so I want to ask if it there are types of trading that someone can follow to make profit from.

Now if you should seat to read out this post you will notice there is no much sense to what you are saying, you can't just go to a broker platform get an account fund it and decide to over leverage the account along the line you make some cash out of luck and so you blew the account due to no knowledge. so try and get knowledge on how trading works before coming up to speak.
Post
Topic
Board Trading Discussion
Re: Need a book recommendation
by
Mrengage
on 02/07/2023, 07:14:22 UTC
Hello everyone , I'am a beginner on crypto trading and i'am
 looking for your recommendation on some essential books on how to trade/trading strategies (preferably on day trading), any of your recommendations would help, thank you.

There is this telegram channel I know that has a whole lot of trading strategies PDF, also i always recommend BABYPIPS.COM for beginners so you won't end up buying or paying for books or mentorships, where you are not supposed to at least you will have basic knowledge first.

here is the TELEGRAM CHANNEL LINK: https://t.me/forexbookz
Post
Topic
Board Bitcoin Discussion
Re: Take advantage of the price fall.
by
Mrengage
on 29/06/2023, 21:48:58 UTC
Is been a hard knocked to everyone trading bitcoin this seasons especially investment, my friend was sore disappointed for the recent falling of price because he bought $1000 bitcoin but the truth is that we cannot foresees the future in today, this is not the first time the price is Reding down, we should take advantage of this time at least you can use a small to purchase high value bitcoin. I wish we've profound bitcoin price analyst here, many people really wants to know the cause of continues price deflected, if you've ideas please your comments will be very important here. We newbies this days fall victims a lot because of ignorance of cryptosystem. Let's talk as a family.

i get your point but will like you to look in this line on your post,
Quote
at least you can use a small to purchase high value bitcoin.
i think your friend got over excited when he was told at first to buy bitcoin and hold that its going to $60,000 and beyond, in which he/she never had a good knowledge of how it works. thats because that line i quote out is what lead to your friend making that move. please i think the word: SMALL SUM OR AMOUNT {to purchase high value bitcoin}  is the word to fix in that line. cheers......
Post
Topic
Board Trading Discussion
Re: who would you trust?
by
Mrengage
on 29/06/2023, 21:35:54 UTC
Since strategy are always changing in trading, what is the relevance of experience? Who would you trust the most for trading tips,
An old trader who has had better days and mostly still relevant because they have a strong reputation for the fact that he has been trading for a while, or would you trust a new trader who is hot in the market and fresh with new strategies?

Should i say the OLDIES was once a fresher, i prefer to trust something develop by me than some put out there by someone though, that's my own choice but to what am to choose at these options will take the oldies because they have understood the process and strategy works better if you stick to it and master it.
Post
Topic
Board Bitcoin Discussion
Re: People are giving too much importance to exchanges
by
Mrengage
on 27/06/2023, 19:26:39 UTC
6 months ago, my savings went down because of the FTX debacle. I've never used FTX, I've never been a customer of this company, but my savings are in BTC, and because of that failure, BTC's value went down, and so went my savings.

Today, bis repetita. I've never used Binance. I've never been a customer of this company, but because the SEC sues Binance, BTC is down, and so are my savings, so I have a message to all bitcoiners out there.

Exchanges and BTC are 2 different things. One exchange going down doesn't mean BTC must follow.
Binance will disappear? I don't give a damn.

I use binance  for a long time now, but with what is happening around between SEC and BINANCE I won't even recommended anyone leaving funds in exchange. but I noticed many are very comfortable with binance the interface is user friendly, so it will be kind of hard for many to master other exchanges in my opinion. Am just using them for P2P purposes nothing more and nothing less.
Post
Topic
Board Trading Discussion
Re: Why is crypto trading so similar yet so different from Forex trading?
by
Mrengage
on 27/06/2023, 19:15:18 UTC
This question seems so simple, yet the answer seems to escape me. Both involve technical and fundamental analysis, which includes indicators, charts, and candlesticks. They make use of the same trading principles, ideologies, and strategies. However, I have yet to see a forex trader who has dumped forex trading for crypto trading. I have yet to see a forex trader who doesn't claim that they make more money than crypto traders. I have also yet to see a crypto trader who has dumped it for forex trading. Have you made a move from Forex trading to crypto trading or crypto to Forex? What happened? Can one do both at the same time?

This question, yes, it's possible to do both, my journey started from the CRYPTO MARKET, and the FOREX MARKET was looking kind of difficult to understand, not until 2022 I picked interest to understand how the forex market works, but the material I used in learning trading was all the knowledge of forex because FOREX came in before crypto.
Post
Topic
Board Trading Discussion
Re: One or more trading strategies, which one do you prefer?
by
Mrengage
on 27/06/2023, 19:04:07 UTC
I have been in the world of trading for a while, and over the years there have always been controversies over the best, whether to use a single strategy for trading or a combination of strategies.

Personally, I don't have issues with that, many of my trading strategies can stand alone. But experience chose for me over time. I now combine trading strategies and it has helped me to better filter my trading signals for greater performance. And if any of that strategies did not confirm the same signal, I do not go for it.

What about you, what is your preference, and why?

I see many strategies as too much stuff to handle if you ask me, like I don't like stress when it come to the financial market. I like to keep my trading strategy plain and simple in the case even a newbies can easily grab what am doing with getting confused of many Analysis paralipsis's
Post
Topic
Board Trading Discussion
Re: Too late to start?
by
Mrengage
on 24/06/2023, 21:33:32 UTC
Hi!

I have heard about Bitcoin back in 2017 but never got to learn regarding about it. I always thought that crypto was a fluke and that it would definitely not be a type of transaction until pandemic happens. So, as the title would suggest, is it too late to start investing on crypto? And if not, what would be the essentials to learn on working on it?

Thanks in advance!

For the fact that you have the opportunity to even create this topic in the forum, and even have the opportunity to the internet or lets say YOU EVEN HAVE THE IDEA what bitcoin is or other crypto assets and the financial market at LARGE be thankful because, we still have people out there who don't even know what the internet is for talk less to know what bitcoin STANDS for. So its never late at all.
Post
Topic
Board Trading Discussion
Re: Met Beautiful Young Asian Woman On Dating Site To Teach Me Trading
by
Mrengage
on 24/06/2023, 04:35:45 UTC
I met a young and beautiful Asian woman on a dating site. She is 27 years younger than me.
She belongs to a professional cryptocurrency organization that provides multi-millionaires with when and what coin to trade. About 3 - 4 trades a week.
The reason she belongs to the group is because her Uncle runs it.
She said she will give me the trades for free.
We have done several video chats so she is real.

I used to trade FOREX heavily so I thought Cryptocurrency would be similar.
I open a Coinbase account.
She tells me to Buy Bitcoin and keep it for 60 seconds and then sell it.
I don't know how to work Coinbase but I do see Bitcoin go up and up.
So now I'm trying to learn how to trade on Coinbase.

She gives me another trade, with the same instructions, Buy and hold on for 60 seconds and then sell. But I don't know how to do that. Bitcoin goes up and up.
I'm amazed at how this professional group is able to do this.

She said that I can't trade on Coinbase because it doesn't offer the features that her platform does. On her platform, she can Buy and hold on to it and Sell it in 60 seconds. You can't do that with Coinbase.
So she wants me to transfer all of my Coinbase money into the platform she uses, which is:
BitContractPro

She has $100,000 in her account. She averages $10,000 a month.
She will teach me how to trade on that platform.


please if you want trading tips just go ahead and tour the Bitcointalk platform for that you will definitely see good post that will make your trading journey more easier, because all you are just saying here is making no sense to what you want, because anyone can just come and just talk out of imagination, its better youLOCK UP this TOPIC, its bringing no POINT if you ask me.
Post
Topic
Board Trading Discussion
Re: The green shouldn't always be the reason to enter the market
by
Mrengage
on 23/06/2023, 03:50:29 UTC
What stopped you when the price was low? don't let the sudden increase make you rush into the market- learn to control your emotions.

One of the challenges of some traders is that they don't know when is the right time to enter the market.  Some traders feels when the market is red it is always a wrong time to get into the market to trade. If the green should only be considered as the best time to enter the market, I think it won't always be a right decision. Going into the market when it is green is just greedy sentiment for trading.

Sometimes when the market is red it can also be a good time to enter the market if carefully watched.  Not all green ends up with profit and not all red ends with loss too.
Traders needs to learn when is the right time to enter the market and not to judge when to enter with a particular signal.  Signals are unprecedented and may change faster than it's expected.

You can preach this again and again, trust me the amount of NEWBIES coming to the financial market don't  even want to seat study and practice. They see the green they BUY see the RED they sell. every newbies now is just after the bag FORGETTING the consistency of trading the market in a successful wayit could bring them.
Post
Topic
Board Trading Discussion
Re: What is your honest review of the Demo account?
by
Mrengage
on 23/06/2023, 03:44:19 UTC
What is your honest review of the Demo account?
Do you think that should spend so much time trading on a demo account? I believe that in demo trading, there are no real consequences for losing "money". If you notice, the pain is different than the one felt when you actually experience a loss on a live account. Demo trading simply helps the newbie get acquainted with the trading platform, and it should only be for a few weeks. Compared to  live trading, demo trading lacks the ability to mental and emotional resilience. For me, the real trading education starts where demo trading ends. What do you think?

1. admiralmarkets.sc/education/articles/forex-basics/...f-forex-demo-account
2. http://tradethatswing.com/when-to-switch-from-demo-to-liv...rading-real-capital/

Definitely you aren't wrong to the point you are making, honestly speaking DEMO TRADING has really helped me a lot to see those loopholes like where I might be wrong and same time right. Demo trading also has basically drawn a line to where i should wait patiently for my setups to show up and so to say when to enter trades.
Post
Topic
Board Trading Discussion
Re: I found a trading strategy that blew my mind!
by
Mrengage
on 22/06/2023, 07:19:40 UTC
I found a trading strategy based on the CME premium and it looks like it's very accurate.

Explained here: https://www.youtube.com/watch?v=T8uUm6p5wlc

Are there any loopholes in here? What do you guys think?

Instead of finding strategies that blows mind, why not create yours to me having a personal strategy shows you are making a good process towards the financial market. with that been said sticking to the strategy is another part you will do rather than jump from one strategy to another this will give you huge market analysis paralysis.
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Topic
Board Trading Discussion
Re: Where can i get the crypto whales signal???
by
Mrengage
on 21/06/2023, 16:42:15 UTC
Topic says it all
If some one have the info about crypto whales signals
Feel free to share

Dont give me any free advice about doing or researching or analyzing my own trade. I just need some whales signals to gather some info with my own statistics.

So fell free to share if u have any idea about whale signals

The whales are dead lols  Grin Grin, i will prefer to learn to be the whale rather. in my own point of view in the market as of now  FUNDAMENTAL moves the market most e.g NEWS. Every other thing attached to trading the market are just for confirmation.
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Topic
Board Trading Discussion
Re: Which indicators you use?
by
Mrengage
on 21/06/2023, 16:38:45 UTC
I have been trading for a while now and have hit/miss success with it so I'm interested in which indicators you use the most? For me, right now I use EMA 50, Alligator and MACD/RSI(depends), and I try to make my decisions based on them and on my experience.

The most popular indicators have used so far are MACD,RSI AND BB (BOLLINGER BAND) but as time goes by i stopped using them but, like i dont use them i just picked out RSI out of the indicators i know so far. because RSI goes along with the price action and with RSI divergences are easily spotted.
Post
Topic
Board Bounties (Altcoins)
Re: 🚧 [BOUNTY] GlobeDex - Crypto Trading Platform | Earn $GBDX
by
Mrengage
on 20/06/2023, 13:10:14 UTC
Bitcointalk Username : Mrengage
Telegram Username : @Mrengage
Campaign Category Participated  : Signature
GlobeDex (GBDX) Wallet Address : 0xdae20ca53d67e11c9ac955dc268ccf0fb7d4986e
Post
Topic
Board Beginners & Help
Re: Newbies/Jr members please don't beg for merits.
by
Mrengage
on 06/12/2020, 21:36:40 UTC
For newbies and Jr members out there please stop begging for merits to any users here since instead of ranking up you will possibly get a red trust from the other user since begging is been discourage.

Just do a pure effort to have a healthy discussion and became a good contributor here since the merit you want will follow if people see your post is merit worthy.

I receive a message today from a user see pic below.



For high ranking members If you see any newbies or Jr members please advise them the proper way to earn merits so that they can improve and became better member, reporting then cannot do anything good.

Hopefully newbies will take this advice/message and will not beg for anything here.

They don't know merits are easy to get when you devot your time to bring up something that will help the forum to grow. Not on begging. Put your brain to work and you will surly get a reward.
Post
Topic
Board Beginners & Help
Re: Another fake electrum wallet on google playstore
by
Mrengage
on 06/12/2020, 21:33:09 UTC
This fake app was release in July 02, 2020 with over 1000 downloads.

               

It is a fake wallet because it was released in July but claiming to have been existing since 2011 which was the year original electrum wallet was released. Electrum wallet is an online wallet but this one claims to be a cold wallet to safe private key offline. I have never heard of a paper wallet that save private key on mobile devices before, but this fake electrum wallet claims to work in such a way.
Also it claims the private key can remain offline in a way users can go online with watch-only wallet.

And, normally, electrum wallet can be used as cold wallet in which two devices will be used, one for cold wallet and the other as watch-only wallet, but the wallets app that will be downloaded for this is still the normal original electrum wallet on electrum.org in which the signature can also be verified on the site.

This is just another fake electrum wallet with another scam tactics. Downloading the original electrum from electrum.org is the best rather than using third party sites like Google playstore to download it for not to download the fake ones.

Nice catch, rest assured scammers or what ever they are called they don't give up and never satisfied. We all just need to be careful on apps or platform we come across, one small mistake and you are done!
Post
Topic
Board Trading Discussion
Re: If Facebook launches LIBRA then nobody will invest in it
by
Mrengage
on 03/12/2020, 19:50:59 UTC
If Facebook launches LIBRA then nobody will invest in it

Stable coins are created just to earn more bitcoins, Facebooks' aim is to launch a stable coin but I think people won't take any interest to invest in a stable coin because it will only offer benefits to facebook to earn more bitcoins, while the community and investors will have no benefits. I don't think that anyone will ever be interested to invest a penny in it.

All my other predictions come true (you may check bitcoin forum) but still there is no whale who ever donated a penny.

It's on your own opinion to think that people won't venture in, trust me crypto is tricky before you knew it the bigger boys will get in and hype the project and as well make out money so you never can tell.
Post
Topic
Board Trading Discussion
Re: What should I study to learn how to trade?
by
Mrengage
on 03/12/2020, 19:47:50 UTC
Can someone point me to where I should begin?
And one more question: What is the minimum amount of money needed to start?

If possible to have a trading class I will advise you to do so and possibly a class that will help you guys do practicalsnot just watching them show you. And also minimum of $100 is ok for a start but the honest truth is the higher the capital the higher the income.
Post
Topic
Board Trading Discussion
Re: does it really make sense trading on Bitcoin?
by
Mrengage
on 03/12/2020, 11:33:24 UTC
since I discovered this crypto market I have always been fond of trading, and I have always tried to train and educate myself to improve my skills.

On the other hand I always had to live side by side with those who call themselves holders, i.e. those who don't take decisions.
They just accumulate no matter what, based on the faith that bitcoin's price will always increase (I said price, not value, on puropse. They talk about disrupting, about new order but all they care for is to have a share of the pie, like anyone else)

Now, this is the exact opposite of what I think of investing: blindingly relying on something that you cannot control but, for the time being, they are being proved right.

If it proves right that the real, deep power of bitcoin is scarcity, and that this scarcity will always push its value (and price) higher, IF this is true, what sense does it even make trading bitcoin?

I mean, you could always do it of course, but there's no much relevance about it..

on the other hand a trader could argue: "look at gold. Gold is scarce as well but it's not always rising".

yes of course, but at the same time it will unlikely come back to its lowest prices, to the price levels of, say, 70s or 80s..

Don't get me wrong, I still hate holders ok, with their mantras, their plan-b and stf shit, butwhat I mean is may be they are right. May be BTC is in that phase where it still pays being herd, the herd of holders..

BTC is not always stable hope u know, I presume you try using USDT pairs and see the difference. IMO, few traders I know used usdt pairs when I asked they said they like it most because BTC doesn't affect it when it's dipping and USDT is a Fiat not crypto.