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Brian Connor

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Everything posted by Brian Connor

  1. Hello, I would like to learn when to buy, and when to sell in Forex.
  2. Hi, thank you for your question! In order to become a day trader, a person is required to understand the market, conduct technical analysis, and predict price movements. An individual should have access to research, news, and analysis. When it comes to the equipment, it is desired that a retail trader should have a high-speed internet connection, with a powerful computer that projects the image on several desktops, in order to provide a clear presentation of all the facts the trader needs. Then comes the technical part of the trade, requiring to read several indicators. Some of the more common indicators are support and resistance levels, moving average convergence divergence (MACD), volatility, moving averages, price oscillators, Bollinger Bands, Fibonacci retracements/extensions, etc.
  3. Hi, I would like to know the differences between position and signal trading.
  4. Hello, I would like to know the advantages and disadvantages that come with Technical Analysis.
  5. Hello, I would like to know how can I swing trade penny stocks.
  6. Hello, thank you for your question! The easiest way into the stock market for beginners is investing in penny stocks, which are shares trading at a price lower than $1. These types of prices offer beginner investors to allocate a certain amount of capital which is well in their limits and buy thousands of stocks. When there is a small return on a stock which is usually several cents, this translates into larger gains when there are thousands of stocks owned. In order to start investing in penny stocks, you need to open a trading account, which will allow you to deposit funds. You should select stocks you want to invest in and open buy positions. Understanding the risks which come with penny stocks, such as low liquidity, large bid-ask spreads, and small market capitalization may help you to better understand the whole process.
  7. Hello, thanks for asking! It is estimated that there are around 500 crypto exchanges up to date, this number is not certain due to the lack of regulations in countries, which would track these exchanges. It is estimated that around a half of all crypto exchanges are included on CoinMarketCap, while others are still in the start-up phase. According to this platform, there are around 19,000 markets in which you can trade cryptocurrencies. The best crypto platforms are those that have simple user interfaces, accept most of the payment methods, and offer the widest array of crypto exchange pairs.
  8. Hello, I would like to know about the procedure when reporting Crypto taxes.
  9. Hi, thank you for posing a question! Crypto tokens represent the asset or utility in crypto mining. These tokens are used when placing a sale or a purchase, in order to do these more easily. So, in conclusion, they represent the currency from which they are derived and tell us the accurate value of that currency.
  10. Hi, I would like to gain knowledge about Crypto bots.
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