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Daytrading and scalping in cryptocurrency markets
SydKr replied to LeghoLasagna's topic in Crypto ExchangesHi! Depending on the situation, I use different trading volumes. I use 1 to 4 leverage for regular ones, such as rebound from a large volume in the DOM. Sometimes, when I am confident in the situation and can lose only 0.1 percent to 0.5 percent, and the liquidity in the DOM is sufficient, I can load all of my buying power—for the time being, binance and ftx provide up to 20x leverage for future trading. I deposited my binance and ftx accounts one at a time. It was in February of this year, and I began with only $100 in each account. Considering my three years of experience in stock and futures trading at the Moscow Exchange (MOEX), it was not difficult to build a sizable trading account in a matter of months.
MTF FIB Breakout System by Spud
SydKr replied to JumpyStoryteller's topic in Trading Systems and StrategiesAs usual, excellent work from your mind. I'm curious if the method you describe here is meant to replace the earlier MTF Stoch, or if it's just another way to look at Stochs. Thanks
SydKr replied to DuskCrapper's topic in Fundamental AnalysisI assume you're referring to their charting. I never used it anyway, so the change didn't bother me. For charting, I use MT4 and for placing orders, I use CMC. Their software is simple and straightforward, but it has proven to be extremely reliable in my experience. In all the years I've been with them, I've never had an outage. Order entry is fairly efficient. You can set default position sizes for each pair, so buying or selling at market is as simple as clicking a button. I've never seen any issues with execution or spread widening. In fast markets, you get re-quotes, which is preferable to spread widening. Re-quotes can be beneficial, whereas spread widening is always costly. The lack of a contingent OCO order is the only major issue. This effectively eliminates the use of unattended pending orders. This is a significant disadvantage, but I'm sticking with CMC because of the excellent execution and reliability I've seen so far.
Leverage is useful or not ?
SydKr replied to DuskCrapper's topic in Fundamental AnalysisLeverage is simply the credit provided by the broker to enable the trader to buy or sell at a higher volume. Leverage, on the other hand, is a double-edged sword. It can result in enormous profit or significant loss. It enables an investor to increase his market exposure beyond the initial investments. It is always surrounded by risks, which is why it is more prudent to acquire a proper risk management strategy prior to utilizing it.