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.