Bitcoin to usd trading course: 10 FAQ


Bitcoin to USD trading course is one of the most preferable in EA Forex Academy.

Bitcoin to USD and the trading strategy with the never losing formula is what I will talk about today. My name is Petko Aleksandrov, and I will answer the ten frequently asked questions that I receive for the Bitcoin trading course – Cryptocurrency Never Losing Formula.

 

1. What leverage do you use for this Bitcoin to USD trading course?

 

Now, recently all the brokers have reduced the leverage for the Bitcoin. This happened because of the huge boom in Bitcoin in 2017 and the beginning of 2018. And many brokers during this time, lost so much money from their clients because everybody was buying, the price was going up.

Many brokers lost money. Most of them removed the Bitcoin to USD from their trading assets. Some remain with limited quantity to be traded, others have reduced the leverage. So, it depends on the broker you have selected, whatever leverage they provide you with the Bitcoin, you should use it.

I don’t want really to mention what I’m using because it would be a suggestion to the broker I am using as well. And, it’s a personal choice what leverage you should use. Of course, you are exposed to higher risk, and at the same time, you can make more money with it.

 

2. Which brokers have the Bitcoin to USD trading?

 

This is again connected to what I am talking so far. Most of the brokers removed the Bitcoin. Keep in mind that all of the scam brokers nowadays offer cryptocurrencies. So try to stay away from these companies, look for the regulated brokers.

There are legit, regulated brokers that offer Bitcoin for trading. So, I avoid this question. It’s one of the most common questions that I receive daily. Also, I have restricted our Forum from writing about brokers because many brokers will advertise there.

Anyway, as I said I avoid suggesting brokers. But if you really have hard times about that, please, you can ask me at any moment. I will send you some names that I have tested, all right?

 

How to choose CFD broker for Bitcoin to USD?

  • look for strong regulations
  • the spread should be small
  • quantity should be not limited
  • swaps should be not huge
  • easy to fund and withdraw

 

3. What is a swap in Bitcoin trading course?

 

Swap is a term from CFD trading. It’s not only for the Bitcoin, same for the Forex stocks indexes, whatever you are trading. So, the swap is the cost we pay to the broker when we transfer our position for the next day.

But if we open a trade today, and so we hold it overnight for tomorrow. It’s transferring for the next day, and the broker has to move it. So they charge this swap, this is simply the cost they take from us to keep the trade for the next day.

Some of the brokers take huge swaps, especially with the Bitcoin and the cryptocurrencies. And of course, the scam brokers charge ridiculous swap, I have heard from my students such a swap, unbelievable. You can lose your money if you keep your position just opened because they charge such huge swaps. So one more time, try to stay away from these brokers, all right?

 

4. How do we trade the Bitcoin to USD long and short?

 

In the Bitcoin trading course, I will demonstrate to you how that is possible. We trade it because we use CFD trading. So CFD trading stands for contracts for difference. It means that we trade on the value of the Bitcoin. No matter where is it, no matter is it going up, is it going down, we trade it on its value. So we can sell it at the same time we can buy it at the same time.

We buy it one price, we’ll sell it at a higher price, and we benefit this difference. Same on the other side. We sell at one price, we close the position at a lower price, and we will benefit the difference. So this is how we can trade the Bitcoin to USD long and short.

Unlike the exchanges where you can buy and wait for the price to go higher. On the brokers market, you can benefit even when the price is going down.

 

5. How to apply the Never Losing Formula when we are selling?

 

Already in this Bitcoin trading course, I have placed short examples. So at the end of the course, you will see how I’m selling the Bitcoin and how I am using the Never Losing Formula in this case. It’s the very same thing as when we are buying. It is just reversed.

The first pending order for the Never Losing Formula is on the upside. We will buy. So if we sell, the first pending order will be a buy stop, it’s the very same thing, just reversed. And, as I said already, there are examples in this Bitcoin trading course:

Bitcoin to USD
A short sample of the system.

 

6. Do you have classes for the never losing formula in Forex and stocks?

 

No, I don’t have classes for Forex and stocks, where I apply the never losing formula. But I am planning to record such. Maybe by the time you read this, they will be launched.  So why I have selected to use the Cryptocurrencies here? The reason is simple – we are looking for the most volatile assets to apply the Never Losing Formula. And nowadays this is the Bitcoin to USD asset because the formula was developed a long time ago for the Forex market.

But the issue here is that the price might stay in a range for a long time. Which will increase your position a lot, and we want to avoid that. So we are looking for volatile assets such as the cryptocurrencies and especially the Bitcoin where we will be out of the formula very quickly.

 

7. Does the formula work for the other cryptocurrencies?

 

As I said already, the formula can work on any assets, and yes it works for the other cryptocurrencies. I have recorded a course for the Ethereum where I apply very successfully the Never Losing Formula. And there actually, I combine it with an Expert Advisor.

But it doesn’t matter, the important thing is to have a volatile asset, and in this case, I use the Ethereum. For the other cryptocurrencies, it works just great. What you need to have in mind is to keep this ratio 1 to 3.

So the mid zone to the take profit should be 1 to 3, whatever asset you want to trade with, you can apply the Never Losing Formula. Just keep this ratio, and recalculated it.

 

8. I do profit all the time, but when I am sleeping I miss to enter the pending orders?

 

Well, I can say that this is kind of an issue with the formula. If we use it, we cannot just go to sleep all night, and wake up in the morning to see what’s going on, because it might have needed to have another pending order. So keep in mind this is the trader’s work.

If you’re ready to do it professionally, if you want to benefit, if you’re going to protect your trade with the Never Losing Formula, you will have to wake up during the night and to check what’s going on with the trades. So as I say in the course, what I normally do, I put my alarm on the phone every hour or two, depending really what is the trade, how much I’m trading with.

Whatever I am trading with, I take it seriously. And I wake up, and I see on the phone what is it, where is the Bitcoin to USD price, do I need to get up and put a pending order. And if I have to do it obviously, I will do it. If you’re not ready to do that, guys, better don’t use the formula.

Because, if you miss placing a pending order, you will lose and there is a high possibility that your position will go on negative. Then, it will be tough for you to recalculate the formula after that and to compensate for this loss.

 

9. Should I wait for the aggressive counter-trend line as you show in this Bitcoin trading course?

 

The aggressive counter-trendline gives us a better entry. A counter-trendline is still a great tool that I’ve been using for many years now and especially for Forex. I apply it nowadays, as well, in cryptocurrency trading, but the idea is that the aggressive counter-trend line gives us a better entry.

So if we are buying, it gives us a lower price. If we are selling, it gives us a higher price. So it’s up to you if you want to wait. Sometimes I know that only with the counter-trendline there are great entries that you can use. And sometimes, probably if you’re waiting for the aggressive counter-trendline, you will miss some of the excellent counter trend line entries.

But I prefer to enter a better price, even sometimes I miss the counter trend line. I prefer to wait for the aggressive counter-trend line, only because it will give me a better price and I will enter on a better level.

 

10. How do you sell more than what you have?

 

This is because we use CFD trading contracts for difference. We can sell the Bitcoin to USD without buying it previously. What happened during the last years is that the exchanges got so famous when the Bitcoin was going up. Everybody was just buying and waiting. Some people took some profits but…

But unfortunately, I can tell you that most of the people lost money there because they were hoping that Bitcoin will go up to 100 thousands of dollars. But, it didn’t happen, the price fell.

Now, Bitcoin as kind of stable and starts to behave really like a currency.

However, it goes down as well, and everybody saw that it’s possible to go down. And you can sell the Bitcoin to USD without buying it previously if you are trading with CFD trading with the brokers.

CFD trading is nothing hard! What we do is be fund an account, and we use this money to buy and to sell so we can sell without having it previously. And I can say that I was not a fan of the exchanges when it all started, because I knew that it was a balloon. It will boom one day and many people will lose money.

Well, it happened, I am glad that I showed this course to many students before that, and many students used it during this time. So they did profit, while others were losing, unfortunately, but this is the market. And with this Bitcoin trading course, you will have the possibility to trade in both directions – to buy and to sell.

I hope that I succeeded to answer these ten questions that I frequently receive.

Of course, if you have any other questions, don’t hesitate to ask me. Drop any questions in our Forum. I am always there to answer within 12 hours. There are already very experienced traders who will help you as well.

See you inside the class!