What if I told you, that YOU are the next Wolf of Wall Street?
Hopefully, you would assume that I am an idiot, and tell me to, "put my foot in my mouth."
I am NOT going to tell you something that absurd. That is not the purpose of this article. I am not writing this, to lie to you. Although, if you play your cards right, you could make a lot of money.
I am not writing this, because I have it all figured out.
I, simply, don't. But, I have learned a few things.
Firstly, I would like to warn you, that there is a great deal of risk when going to war within financial markets. In order to become profitable, it is a long road of learning, and if you aren't careful, there is a lot of loss involved. I recently wrote an article called, 'Over-the-Hedge (Liquidation!!). The article contains some valuable information that I have learned. The information, I believe, will give you some of the tools that you will need to become profitable, when engaging with the markets. You can view that article here.
So, what is the purpose of this article?
I am writing this, because I want to share something with you.
It could be valuable, if you aspire to learn trading. Before going any further here, I will refer back to the Over-the-Hedge article that I linked further up. The information in that article is very important, so, please, give it a thorough read before doing anything else.
I have spent many hours trading with and without derivatives (margin trading, A.K.A. leverage trading) on various platforms. Through all these hours I have experienced the good and bad when trading in a variety of different settings. I simply want to share with you, my favorite platform, to margin trade on and the reasons that I enjoy trading there.
This platform has great liquidity and minimal price spreads which allow for many opportunities to profit. In general, it is favorable to trade under these conditions. High liquidity, means that there is a lot of trading going on, which means a lot of price movement. Price movement = money making opportunities. Small spreads, allow us to get in quick, and get out quick, to avoid long term exposure to risk. These are the kind of conditions that we want for margin trading. Especially, at 100X leverage!
My favorite platform, allows you to trade both cryptocurrencies (a plethora of trading pairs, I.E., BTC, ETH, EOS, XRP, and many more). It also, allows you to trade world fiat currency Forex markets, NASDAQ, ect. simultaneously, making hedging your investments (to reduce risk and maximize profitability) easier and more versatile. This is incredibly useful (as explained, also, in the Over-the-Hedge, article, that I referenced earlier in this article).
It allows derivative trading in a vast number of countries, including, the U.S. It is rather difficult to find platforms on which one can margin trade, especially cryptocurrency, in the U.S. This is because of various financial laws and regulations that have been put in place, such as the ruling of crypto, to be considered a security. This is also the reason why it is very difficult to pull off a legal airdrop with crypto in the U.S. (although, there are a couple exceptions that help some companies to get around this).
So, without any further a-do, my favorite trading platform for trading Forex and Crypto, simultaneously: PrimeXBT.
Here is a re-cap on my top reasons:
- High liquidity, (lots of trading for lots of price movement and profitable opportunities).
- Small spreads, (very little difference in price, so it's easier to get in take a profit with less risk).
- Wide variety of trading pairs, (lots of crypto trading pairs, all with high liquidity).
- Ability to trade crypto and Forex simultaneously, (I can hedge my crypto investments against Forex world fiat exchanges on the same platform, at the same time).
- Serves U.S. customers with derivatives (100X leverage trading to U.S. customers)..
So, there you have it. These are the reasons why I choose, PrimeXBT, as my primary trading platform. Thanks for reading, and have a wonderful day!
Disclaimer: I will not be liable for any actions that you may take in regards to anything I have written, ever. All financial decisions involve risk, so make sure that you know the risks before engaging in any kind of trading. It's dangerous, and it can be financially damaging. Any profits or losses that you may encounter using any of my strategies, advice, or opinions are, solely, your responsibility. These are my honest opinions and experiences that I have shared with you, but I will not be liable.