I have made a post about margin trading, if you wish read it here - http://fuk.io/where-to-day-trade-bitcoin-on-the-bull-run-leverage-futures-spot-trading/
But i will add to this a bit especially for this forum.
If you only buy and sell BTC/LTC this is the best moment since 2013 to trade HUGE swings and also - the calls are really easy right now.
It is either go long (buy) or go short (sell).
Why should you use margins instead of spot buying/selling? For start - with margins you can act fast. If there is good news to take position you can take positio nwith ie 10 BTC right away having just 1 BTC and take profits from that.
If this changes or goes west.. Cancel, open position thats against it.
Trading usual forex is not easy, spikes are small etc. But currently before halving BTC/LTC and even ETH are just news trading.
In the article im showing you few exchanges but actually OKC is the best place to make fast money so i will explain how to use this exchange.
it is one of top china exchanges and its the one with superb liquidity and pushign price. It is for BTCUSD and LTCUSD trading.
- Register HERE
- You cannot be from USA, ips from this country are not welcome.
- Verify, this means just put up address and make 2FA with phone (SMS) or Google Authenticator
They dont need any scans for you to deposit and withdrawal BTC/LTC. You just put your data and thats it. - Send coins and on top of the screen click Transfer
Then transfer them to Futures as this is leverage trading. - Choose to trade x10 or x20 and look at chart of https://bitcoinwisdom.com/markets/huobi/btccny
This is Huobi #1 exchange in the world, and OKC is 2nd. - Open long or short position and look at %s. If they are goign down by more than 20% - close and open against it.
When you are at 15%+ profit - depending on your nerves do what you decide. - To take profit and/or kill position click "Market Close"
- To take partial profits use 'Close" and you put prices at which it will take profits.
Simple as that.
Some of my screens from today:
Extra infos:
- watch twitter of mine (http://twitter.com/kingscrownBTC - just look on times i gave tips and what price did) and of other traders giving hints live, ie http://twitter.com/whalecalls
- if BTC goes down, LTC goes down
- ETH is highly manipulated now, trade only on news do not trade on candles
- LTC is supossed to have roadmap released soon
- BTC halving is incoming (meaning less coins mined if you dont know) this is a price moving event
- brexit is today, its gonna push GBPUSd GBPEUR GBPCHF and.. BTC too.
- use only funds you can loose, its always a gamble and a 3rd party site not your own wallet
If you make decent money - consider donating to old KC. I promise to not waste the money but i will buy beer with it and make a pic of what ive bought :)
Please consider using my link when registering - https://www.okcoin.com/?invid=2029635