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  What are the main factors influencing the choice of a particular crypto to trade?
Posted by: deucher - 12-26-2023, 02:49 PM - Forum: Trading (Stocks/Forex/Crypto) - No Replies

For me, the main factor in cryptocurrency is liquidity, because if there are not many people trading cryptocurrency, it will not move in any direction, and therefore it will not be possible to make money on such short movements. Therefore, I choose only the most popular coins such as Bitcoin and Ethereum for trading cryptocurrencies. Moreover, there is no difference from many other coins because they almost 90 percent exactly repeat the movement of Bitcoin.

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  How does leverage affect your trading approach and how you manage risk?
Posted by: deucher - 12-26-2023, 02:47 PM - Forum: Trading (Stocks/Forex/Crypto) - No Replies

when I started my trading journey and just studied the topic of trading leverage, I couldn't understand why I couldn't use it as much as possible to earn as much as possible, but then I realized that together with profit, loss also increases, so now I don't use leverage more than 5x because that's how I can to be sure that I made the correct forecast and I was not just lucky that the price moved by 1 point in my direction and I made a lot of money with 100x trading leverage.

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  How do you choose when to enter and exit market positions to maximize profits or mini
Posted by: deucher - 12-26-2023, 02:44 PM - Forum: Trading (Stocks/Forex/Crypto) - No Replies

In trading, it is very important for me to reduce my expenses to a minimum because I am still not very good at predicting the price in the future in order to take profit at the right time. Therefore, I now have a lot to do with luck. But how do you choose the moment to close the position profitably and earn as much as possible before the price turns in the other direction. For example, I know that it is necessary to monitor the trading volumes, which increase sharply after the price should change the direction of movement.

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  What analysis tools do you use to predict prices in the financial markets, in particu
Posted by: deucher - 12-26-2023, 02:39 PM - Forum: Trading (Stocks/Forex/Crypto) - No Replies

The cryptocurrency market for me is much more complex and less predictable than forex or gold, so I use slightly different methods of analysis than when I was trading on Forex. For example, I currently do not use technical analysis to open my trade. World news and investor sentiment play a major role in my trade position selection. And do you use market sentiment or do you use old and proven methods?

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  How do global economic events and news affect your forex or cryptocurrency trading de
Posted by: deucher - 12-26-2023, 02:37 PM - Forum: Trading (Stocks/Forex/Crypto) - No Replies

For me, news is one of the strategies for trading, so I need it to be more and more often, I'm only happy about it. But everyone has different strategies, so for many, the news can interfere with proper trading and there is a great risk of losing the deposit. How does it affect you and what do you do when some global news starts to move the price very strongly? Do you suspend your trading and if so for how long?

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  How do you choose cryptocurrency assets to invest in and how do you analyze the risks
Posted by: deucher - 12-26-2023, 12:01 PM - Forum: Cryptocurrency, NFT, Metaverse - No Replies

It is not so difficult for me to choose an asset for investment, but I have a strategy and a plan that I follow, so I know in advance what to buy and when. I will never buy tokens that are outside the top 100 in the capitalization list, because for me this means that they have no interest and, accordingly, growth should not be expected from them. And when I need to weigh the risks, I simply calculate whether the potential profit can cover the potential loss of shares, and if the amount of profit is greater, then I take this risk.

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  What trading strategies do you use or find most effective in the financial markets?
Posted by: deucher - 12-26-2023, 11:31 AM - Forum: Trading (Stocks/Forex/Crypto) - No Replies

I have been trading for quite some time now and I have tried many different strategies and understood which ones are profitable and which ones are not. For example, I realized that it is simply impossible to trade with the help of different figures, as they say on YouTube, and only beginners should believe in it and start investing in trading. Now my main trading strategy is global news. After all, when something serious happens in the world of finance, all prices move sharply and I only need to recognize in which direction. And what strategies do you use now?

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  Travel Insurance protects your family
Posted by: Starmix - 12-22-2023, 06:07 AM - Forum: Travel Insurance - No Replies

There is no second chance for an accident except a miracle if it is not yet your time,  but what about your family who relies on you? They will be helpless and hopeless and feel their future will be scattered on the ground. There is no guarantee of safety flights like an international flight and the premium for a short duration of flight is not big but the insurance coverage is in millions. My neighbor had an accident during his flight. He was a bank manager and during his flight, he covered himself with 180 million pesos.  $1  is equivalent to 55 and when the wife received the check, the insurance company was in disbelief because the wife received the check with a sweet smile.

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Big Grin Hi all?
Posted by: Starmix - 12-22-2023, 05:58 AM - Forum: Introductions - No Replies

I am new to this site and am happy to be with you here. I hope to adjust my time and availability so I can also serve this site with my humble posts. Tank you and Merry Christmas.

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  Are Yoga Classes a Good Business Idea?
Posted by: freelancermaria - 12-18-2023, 10:26 AM - Forum: Small Businesses - Replies (1)

Yes, offering yoga classes can be a profitable business idea for many different reasons. More and more people are starting to look after their health and wellness, so there is growing need for yoga classes. You can offer solo or group classes and you can foster a sense of community. The best part about is it is does not require a large start-up cost.

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