#607: Trade Bitcoin Like a Pro

Trade Bitcoin Like a Pro  Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass #607: Trade Bitcoin Like a Pro In this video: 00:26 – Do you want to know how to trade Cryptos? 00:45 – I want to buy Bitcoin. 01:50 – What’s your local exchange rate against the USD? 02:28 – Trade Crypto using my proven FX strategy. 02:55 – Wait for a pullback first. 03:22 – Trade only the bullish patterns. 03:49 – Trade a different crypto that is a better buy. 04:54 – Check out my new 30 minutes Masterclass. 05:18 – Book a call to talk with us. 05:22 - Blueberry Markets as a Forex Broker. 05:48 – Like, Share and Subscribe Today, I wanted to share with you how you can invest in the crypto market wisely, using a proven trading strategy. So let's talk about that and more. Right now. Hey there, Forex Traders! It's Andrew Mitchem here at The Forex Trading Coach with video on podcast number 607. Do you want to know how to trade Cryptos? So today we're actually not talking about forex. We're going to be talking about cryptos. You see this so many people out there jumping on the bandwagon of buying cryptos. And unfortunately most people don't really know what they're doing. The trouble is that just buying cryptos or coins because of that whole FOMO, the fear of missing out. I want to buy Bitcoin. And a classic example of that is just a few weeks ago, I was talking to a friend of mine and she said, look, Andrew, I've gone and bought some Bitcoin. I said, fantastic, but why did you buy a Bitcoin when it was an almost like it's an all time high. So far it was up close to $124,000 USD. And you know that so far has been the highest it's ever got to. And she said oh well, I've just got some money through the sale of a property and I thought I'd buy some bitcoin. You know, I don't want to miss out and I think it's going to go higher and higher. I said, well, okay, look if you're willing to hold it for, you know, months, years, it could still well be an okay decision. But the here's the issue that I find with so many people is they are not buying a crypto for a particular reason. They buy Bitcoin because they know Bitcoin. And everybody says it's going to go to 200,000. And so you're buying it thinking it's going to go up. Probably not a great way of doing it. And there's probably other things you can do to make that decision better. What’s your local exchange rate against the USD? Now added on top of this, if you don't live in the US and you're buying it in equivalent of another currency, like for me and my friend who is New Zealand dollars right now, the New Zealand US dollar rate is really, really terrible for us because the US is strong and then New Zealand is weak. And therefore if you're buying an equivalent in US dollars, you've got a double whammy. You've got the let's say Bitcoin that almost an all time high. And you've got the NZD/USD rate at very low rate. So you're getting smashed on both sides. It's costing you a lot of money in your local currency to go and buy already a high value product such as Bitcoin. Trade Crypto using my proven FX strategy. Now take this back to how we trade and how we can help you. There's a few things you can do because we trade cryptos using my proven forex strategy in exactly the same way as we would trade, let's say the EUR/USD. And what we're using is technical analysis. And you can apply some very simple basic. Once you know what you're doing technical analysis to make your crypto decisions better. So let's stick with our example of buying Bitcoin. Wait for a pullback first. Instead of just randomly buying Bitcoin at today's price. You could instead use some good technical knowledge and wait for a pullback and then a bullish opportunity to go long again and buy it at a lower and better price.