Hi guys, hi from Andrea Unger. Yes, I want to talk about bitcoin -probably not the way you are expecting-. I want you to understand the popularity of bitcoins these days. If we go back a while some years, we might remember Ads about forex trading. Forex trading was claimed to be easiest way to make a lot of money and thanks to the great leverage that could be used on forex, you did not even need a large amount of money to trade. Then there was a period, very short period, where there was a promotion on options but those instruments were a bit too difficult to understand, so it did not really last for a long while, and it was substituted later on by binary options which a very simple to understand.
There are just a bet, up or down let say, ok? So very easy and very simple instrument, and now they mostly disappear, i don’t get many Ads about binary options, and i got a lot of requests and promotions about bitcoin, crypto currencies in general, many people ask if my methods and my trading system can be applied also on the market of bitcoin. So why? What do these three element: forex, binary options and bitcoin have in common? They have in common that they all claim to lead, too great percentages and they are markets where in theory you don’t need a lot of money to be present.
So they attract people based on greed or on the illusion to make money in a fast and easy way. So they work on the illusion of richness of the mass, of the mass of people and they attract the people into the world. The real beneficiary of this are obviously all the brokers who offer services to trade these markets, which is fine, they offer a service, but the truth is that all these opportunities are shown on the opportunity side. How much you can make, how easy it is to make a lot of money. They don’t tall about a risk, but obviously if you trade with high leverage then you have a great opportunity but you have also great risk and if the market goes in opposite direction you wish, you are heavily hit and this might be very painful. So guys, I can tell you: nothing is easy out there. Today, Bitcoin is the market claimed to be the way to make money, it might be but it is not the real way to make it. Trading is a serious and difficult business.
It’s something where you need to study and you understand, you always have to start from risk and then think about performance. If you start think about performance you will probably encounter some serious trouble. So if you work only based on the illusion of making money tomorrow and especially a lot of money, please don’t do it. Please, be careful. Be aware that you are at high level of risk and this is not good. It’s not good because risk is obviously something that might hit you, your capital and all your family as well because if you are hit obviously that reflex also on your relatives. So there’s no easy money out there, believe me. Forex first, binary options now and bitcoin, are not the way to be rich tomorrow.
They are all instruments that can be traded but you need to understand them and you need to be aware that if you work with reasonable risk, you won’t have a great chance to make a lot of money immediately. If you control risk you have a chance to last for a long time which is what you should aim at. If you work to become rich tomorrow you better purchase a lottery ticket which probably gives you a higher chance and at least you know how much you can lose: the price of a ticket. That’s it guys for today, see you next time, ciao. Enjoyed it? Click the link below and you will be noticed as soon as new material is available..
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