/biz/ - Business & Finance

trading altcoins is literally gambling. BTC-USD pair adds instability to the altcoin-btc pair.

99% of the youtube ''traders'' don't trade they make money from courses.

100% of the tradingview analyst with premium signal channels barely trade, they generally make money from their signals.

You won't find any profitable traders who solely trade spot, the ones that make or lose money can be found on ftx, bitmex, bitfinex margin and leverage are primarily used as hedging instruments.

You won't find any traders on this /biz.
The ones that are consistently profitable operate under the radar or spam the trollbox on bitmex.

If you really want to learn how to trade, prepare to lose lots money before you finally get it.
Don't scalp on the 1 minute unless you can read orderflow and distinguish spoofs, iceberg orders, etc.

Forget magic indicators, they dont exist.

Need to know that you need to constantly learn everything related to electronic trading.
Coding helps suggest python know a bit of computer science, probability theory and statistics, laws like law of large numbers
Need to know stats like marketdepth ratios, how to read DOM, need to know a bit about funding rates, long vs short ratios.

Trading is pretty complicated desu

Can you explain to a back-end dev why i should invest in chainlink and not aeternity?