Hi Charlie,
Appreciated your advice on the dangers of trading thin markets such as cryptocurrencies.
Just one question, would the same danger apply when using a gauranteed stop loss?
If your broker allows a guarantee stop loss on it and you can put it in at the right level you want then yes fine. Only thing is I doubt you can put it where you would like plus just check the small print just in case!
What would you consider enough volume? or measured in market cap, how much do think it needs to be to start trading it just like forex? thanks ,great video!
Why you shouldn’t trade crypto currencies – Thursday video…
This was recorded on Sunday and interesting considering the moves in crypto this week…
4 Comments
Hi Charlie,
Appreciated your advice on the dangers of trading thin markets such as cryptocurrencies.
Just one question, would the same danger apply when using a gauranteed stop loss?
If your broker allows a guarantee stop loss on it and you can put it in at the right level you want then yes fine. Only thing is I doubt you can put it where you would like plus just check the small print just in case!
Cheers Colin!
Charlie
What would you consider enough volume? or measured in market cap, how much do think it needs to be to start trading it just like forex? thanks ,great video!
I think it coukd be there in the next year or so. at present the slippage risk is too great for me but as vomume opicks up I will