How to Trade Bitcoin, Polkadot, and Dogecoin Safely

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#569: How to Trade Bitcoin, Polkadot, and Dogecoin Safely

In this video:

00:29 – Bitcoin hits almost USD$95k

01:31 – How do I buy Cryptos.

01:45 – This is how we trade Cryptos.   

02:15 – You can trade Crypto long or short.

03:28 – Taking advantage of the big moves in Crypto.

03:42 – Learning how to trade for yourself and Book a Call.

04:19 – Blueberry Markets as a Forex Broker.

04:35 – You can trade Cryptos 24/7

05:17 – Contact us for trading help.

So you want to trade the crypto market, but you’re not sure how to go about that? We don’t have enough money to buy Bitcoin at $95,000. Let’s talk about how we can help you to trade cryptos and make money from them. Right now.

Hey there, Traders! It’s Andrew Mitchem here at The Forex Trading Coach with video and podcast him of 569.

Bitcoin hits almost USD$95k

So today we’re going to talk about cryptos. A lot is happening in the crypto markets right now Bitcoin’s hit almost 95,000 USD. If we go back just a few weeks ago it was around 65,000. So it’s had a massive, massive increase, most noticeably in the last few weeks since, Trump won the US election.

And in November, we have seen, the price of cryptos such as, like Polkadot and Dogecoin, some of doubled, some of almost doubled just in this month of November 24th. So there’s obviously a lot of action out there and a lot of people wanting to go and jump into the wonderful world of cryptos. So you’re wondering how me as a forex trader is going explain about cryptos to you?

Because of course there are, you know, many complicated ways of how you could get into cryptos and had you mind things where you go for wallets and all that type of thing.

How do I buy Cryptos.

And you might also be asking yourself, how on earth do I buy a Bitcoin? Because I don’t have $95,000 US sitting in my back pocket. And even if I did, do I want to go and buy a Bitcoin?

This is how we trade Cryptos.   

So as a currency trader, I have a quite a simple solution for you. And it is this we trade cryptos such as Bitcoin and Polkadot and Dogecoin, in exactly the same way that we trade the forex market. We use the same charts. I strongly recommend you jump on to MT5 (MetaTrader 5) and you’ll find, on almost all brokers now. A massive array of cryptos available to you.

You can trade Crypto long or short.

Now, the other beauty of that is you can trade short as well. So it’s not like you’re going out there and going, well, I’m going to go and buy Bitcoin now at $95,000. And I’m hoping it’s going to just keep going up and up in value. But what happens if it doesn’t. And it suddenly comes back to 65,000.

Are you suddenly -30 grand. it’s not particularly, good. fear for your heart conditions. if that happens. But the way that we trade cryptos, it’s honestly, it could be the EUR/USD. It could be the USD/JPY. It could be Bitcoin, it could be Polkadot. It does not matter. And the beauty of that is we’re looking at the same charts.

We’re looking at the same patterns to trade. We’re still looking at support and resistance levels, round numbers. you know previous highs and lows, all that type of thing. Trendline breaks, divergence. All the things that we look at and the charts behind me here. It could be like I said it could be Bitcoin. That could be EUR/USD.

It does not matter. And the ability to trade both long and short and have your controlled and low risk is to me the key of all of this.

Taking advantage of the big moves in Crypto.

And obviously there have been some big moves. Yes. Fantastic. And you know, you can take advantage of those big moves, but you’re not in the investing, you know, tens of thousands of dollars in one thing. Hoping it’s going to go up.

Learning how to trade for yourself and Book a Call.

So we like to know how we do that and how we can help, educate you so you can do this for yourself. That’s the important thing. And again, it doesn’t matter. You could be just wanting to trade forex. You could be just wanting to trade crypto or a mix and of the both. And that’s what we do.

If the chart patterns are there on cryptos, and we may have a day when there’s not much on the forex, then we trade just the cryptos. We trade what we see.

If you’d like to find out how we can do this and help you, have a look at my On Demand masterclass.

If you’d like to book a call with us to discuss how we can help you to trade cryptos, then I’ll put a link to that as well.

Blueberry Markets as a Forex Broker.

And if you’re out there looking for a very good broker and a very good platform where you can trade these large variety of cryptos, I’ll put a link here to Blueberry Markets as well. Highly recommend Blueberry Markets. They have a large number of cryptos available, very tight spreads.

You can trade Cryptos 24/7

And don’t forget the other beauty of cryptos is you can trade them 24 hours a day, seven days a week. And just last weekend we had one of our clients who does trade a lot of cryptos. He was posting a large number of trades that he took over the weekend on charts like four hour, six hour and 12 hour charts on a large number of different cryptos because the patterns were there and that is the advantage of it.

So if you’re out there saying, look, I’ve got a 9 to 5 and I don’t have time to trade forex, first of all, that’s not true. You can do that. But secondly, why not look at some cryptos at the weekend? Then just look at the change of a couple of time frame charts and see if you can, profit from that.

Contact us for trading help.

But of course, you need to know how to do that first. So come to us, get some information and some advice. Have a chat, get on to blueberry, have a look at their platform. Trade cryptos. It’s a great time to do it. Anything else you need, let me know