search.noResults

search.searching

dataCollection.invalidEmail
note.createNoteMessage

search.noResults

search.searching

orderForm.title

orderForm.productCode
orderForm.description
orderForm.quantity
orderForm.itemPrice
orderForm.price
orderForm.totalPrice
orderForm.deliveryDetails.billingAddress
orderForm.deliveryDetails.deliveryAddress
orderForm.noItems
EDITOR’s note


Bitcoin trading is not for the faint of heart


The high volatility of the cryptocurrency market has attracted a large number of new players to the field. Some have been able to make a fortune, while others have lost everything. Following a steep decline early in September, cryptocurrency prices are now down nearly 80% in 2018. Tis exceeds the 78% losses taken by the Nasdaq composite index when the dot-com bubble burst in 2000.


Some tragic stories have been posted to remind us of how ephemeral crypto wealth can be, and how bitcoin traders and investors oſten mistake luck for supernatural skills. It is exceptional, however, to read success stories of experienced and highly skilled traders who explain in detail the trading techniques and strategies which they use to multiply the value of their investment and close out their positions at the most profitable levels.


When Patric Tengelin first contributed to FX Trader Magazine back in 2013 with articles relating how he traded EURUSD, I remember him saying how honored he was to be published along with some of the best forex traders and professionals in the industry. Five years


later he has transitioned into crypto and has become one of the most successful bitcoin traders, aſter making well over $1million trading Bitcoin from its meteoric rise and subsequent fall.


In his article “How I Made A Million Bucks Trading Bitcoin” Patric explains


cryptocurrency blog and websites -


technical analysis techniques perfectly apply to the crypto market, which is not too young to test indicators on historical periods. It also illustrates that human emotions and mass psychology are easily detectable on the most volatile and liquid markets, making bitcoin moves more predictable. Being aware of the mass emotion pitfalls that drive this market will save and earn traders money.


Few are able to resist the urge to engage


his system and methodology in great detail. From the minute he first spotted the market opportunity to the moments he pulled the trigger and decided to exit the trades. He shows the patterns he used and the steps he took to make $1m prop trading Bitcoin and $500k on arbitrage through 2017 and 2018. He also gives his forecast about the next bitcoin price direction and explains why he believes that the crypto bear market is not over.


What his experience shows is that - as opposed to what we can read on many


in this


cryptomarket when they hear or read about it, even aſter considering the


potential losses that may counter the wins. One thing is sure though, trading bitcoin and other cryptocurrencies is not for the faint-hearted. And if you are irresistibly attracted by cryptos’ volatility


and opportunities, make


sure you also read our article “Cut Your Damn Losses”, based on a sample of 150 real trading accounts open positions, which shows what traders do - and shouldn’t do - when a trade goes against their position and they “get punched in the mouth”.


Emmanuelle Festa Bianchet FX TRADER MAGAZINE October - December 2018 5


FX


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62