Assalamualaikum ,,,,
Hope everybody is doing well.
Today we are going to discuss one of the most viral topics currently online. Basically, with the rise in the price of Bitcoin, it has caused a stir all over the world. Even in our country, a lot of people have been new to trading since then and many want to be. So can we really make an income by trading today? And I will discuss in full detail how much money can be earned.
What is trading and how does it work?
Simply put, trading is buying and selling. Let me explain with a small example. Suppose you bought 10 kg of potatoes today at 20 rupees. Then the price of 10 kg of potatoes will be 200 rupees for 20 rupees. Now after a few days the price of potato has gone up to 25 rupees per kg. Now your 10 kg potato will cost 250 rupees. You bought 10 kg of potatoes for 200 rupees but after a while you sold it for 250 rupees. How much is your profit now 50 rupees? This is exactly how trading works. Which coin did you buy today for 10 rupees and after a while its price increased to 15 rupees. Then 5 rupees will be your profit.
How many types of trading and what are they?
There are basically two types of trading. One is Spot Trading and the other is Future Trading. However, apart from these two, there is another trade called Margin Trading. That too is a bit like Future Trading. But there is a difference.
Where and how is trading done?
Trading is basically done in a Crypto Exchange. Binance is the largest and most famous platform. And if you want to trade, you have to buy dollars and then trade.
What do I need to learn to trade and where can I learn these?
If you want to trade, you must first learn T.A (Technical Analysis). Then you have to learn F.A (Fundamental Analysis).
Basically with T.A you can understand when the market will be up-down. Also any news in the market is a big deal for market up-down. If you want to know this news and Coin's Team, Developer, Future, Roadmap etc., you have to learn F.A.
You can learn with YouTube if you want T.A and F.A.
What are the profit and loss in trading?
There are two issues of profit and loss in trading. If you learn T.A and F.A well and trade then you will make a good profit. For example, you can make 200% -300% monthly profit of the dollar you trade with. Now suppose someone trades with $500. Then he will be able to make a profit of 1000 per month. Again, it can be a loss if you do not trade well.
For example: I bought Shiba inu coin about 2 months ago with about 800 $ (about 63 thousand taka) and now that 800 coin is 8456 $ (about 5 lakh 60 thousand taka).
Is it possible to earn 1/2 lakh rupees per month by trading?
Yes, of course it is possible to earn 1/2 lakh rupees per month. Let's calculate it now. Suppose you set a target of 100% profit of your investment every month. Now if you trade with 1 lakh rupees, what will be your profit? Of course, 100% profit of 1 lakh rupees means you will get 1 lakh rupees profit. In this way, if you trade 10 thousand rupees, then 10 thousand rupees will be 100% target. If someone pays 5 lakh rupees, he will get a profit of 5 lakh rupees.
One of the diseases of our Bengalis is that if I can't earn 10 thousand rupees by myself, it seems that I can't earn 10 thousand rupees. How does another person earn 1/2 lakh rupees per month? And they do not believe that another person can earn more than that.
Always remember that your investment in this sector will be the same as the profit.
Anyway, that's all for today. If you have any information about the post, please comment. And if you want to know more details about this, I will post more later if I get your response.
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