Well, How people are earning money by trading in Cryptocurrency. If you people ask questions, it shows that you are interested and on the same questions we are making back to back videos for you, so now your question used to come that how people do crypto trading and in what way they are making money, then today I will try to clear this concept in front of you. Look, right now most people think that you invest in any cryptocurrency, If its money increases then you make a profit. You invested in a cryptocurrency you invested ten thousand rupees, and within a year it increased 10000 to ₹ 300000, then people feel that a lot of profit is being made in cryptocurrency.
So definitely, you are investing today. Price will increase and you sell then we call it investing or you can call it swing trading. And is there any other way apart from this trading, people are earning money by trading inside the cryptocurrency. The answer is yes. Today I am going to show you on my computer screen exactly how people trade and inside trade like we talk about the stock market. We get leverage, we get the margin. We get margin in intraday. We also get margin in options and futures and do we also get margin in cryptocurrency. The answer is yes. Exactly, understand that concept and see how these facts work. Look, you have to understand one thing. That is if there is a market, the stock market. If there is a forex market and there is a crypto market, then there is absolutely a game of demand and supply.
And the technical analysis you have learned so far works everywhere. I will show you exactly. I will show you only then you will understand the things that we talk about technicals and price actions. We say in the stock market that price is the god. Whatever the price is, it is god. You can make money by trade on price action. Now the support resistance that you learn, you learn to apply the indicator. You talk about candlestick patterns, these all are the same, we are not talking about fundamentals here. We are talking about technicals, the person who learned the technical analysis, he can earn money by price action in any market. Then the basic concept, let me clear it to you so that you understand it, then now we are on the application of CoinDCX. If you want to create an account on CoinDCX, then I will put the description in the comment box and give you a Pushkar Hundred promo code, which will give you a welcome gift of ₹100 bitcoin It is very easy for you to create an account on CoinDCX.
Onboarding is very easy now you can invest with ₹100 and you can trade with ₹10 so here's what I clicked here in front of you, I will show you a few things. Here you can see a spot, the second is margin and the third is futures. I will try to explain these things to you. Spot trading is something where you are not getting margins. You are simply buying and selling here, so you can choose here, in the BTC and cryptocurrency which you have an interest in. You can buy it here. Simple for buy, you have to place an order, portfolio here, open order here, here you will see everything clear, so here if you want to buy BTC, Here you can set your limit price to that when it comes to the price, I will buy it. Similarly, you can also place a market order here is where the price is going in the market right now. You can buy on that, then you can put it in the quantity here. You can put the amount here and you can buy here and you can also sell here.
See, crypto market 24*7. Stock market is open for you from 9:15 to 3:15. Here this market is 24*7, so whatever trades are going on in front of you here, you can see Live. So you can sell the BTC at the spot market.You can trade on spots, when we talk about margin, see you are getting leverage of six times. I will also show you here. When you will trade here, again you can choose the crypto in which you are interested.
So for example, If you are trading in pairs, you can select the pair in whatever pair you are interested in. You can select that, After that, You See that Long And Short Is Written. Long means to buy or to take a position. From where you think the market will go up, then see the patterns are the same. See you here and there if I tell you. Do you see these candles here at this place are indicating something? If they are saying something, then you will say that they are seeing candles. I will give you a playlist of a complete series on the candlestick patterns on the i-button which we have made. So you can learn candlestick patterns, then here you can see a candlestick. you can see a candlestick here, then at the bottom of the chart and the top of the chart you will see different candlesticks and they tell you something.
What they tell you, that will go on the playlist and when you watch the entire series you will understand how candlestick patterns work in the market, you can change your chart here. It is open in a 30 mins time frame here. If you are scalping then you can open at a 1-minute timeframe and you can open at 5 minutes also You can choose that on what timeframe you have to work so if you want to trade on a little longer duration then you go to 30 minutes and on 15 minutes, if you want to scalp on short term or you want to make a profit then you can also reduce the time frame, similarly when we talked about price action and we talked about support resistance, you have to see that from there the price is reacting then the price is going down. This is the resistance level, so here when you see that price bounced back again or there is a support level, then these simple things you have learned in technical analysis work in the market, alright.
How people take advantage of leverage. So let me tell you when you are doing long here you are getting a 3X margin. You will get different margins inside different pairs. So you have to choose which pair you have to trade. Here you are getting only a two per cent margin so you have to choose. When you will choose then you will get to know. I will show it by scrolling down, there are multiple pairs here or you can search about them. So, in whatever pair you are interested in, here you are getting the margin of up to ten times, you are getting the margin of ten times, so you can do long and you can do short.
In short, you are getting only a 2X margin, so the margin is provided. Similarly, if you trade in futures then there will be a big investment amount of futures and here you get a margin of twenty times till time. So here margins are provided, you can choose in which you have to trade and then you can buy your position and you can sell and short.
Here you are getting up to 15 times the margin in this. And also 15 times margin in, the way you want to trade overall, you can. The basic things that I have told you, it is not necessary if you are new, so start trading as soon as you come. I am telling you that if you are interested in anything then you learn about it. To learn more about Blockchain and Cryptocurrency you can visit their platform DCX Learn. There are some courses on trading. You can join them. You can get to learn about so many thanks so here I have given you a basic understanding of how people are trading and not just investing.
By using that margin also In the spot market also people are trading in future, margins are provided here. There are benefits of margin and also there are demerits of it, then the benefit of margin is that you got margin today and you have ₹ 100 and you are getting 20 times margin then twenty times, then you can trade ₹ 2000. Similarly, If you have ₹ 1000 then you can trade for 20000, but if there will be a profit of 20000, and there will be a loss also for ₹ 20000 then before doing any trade you have to understand a few things that if you enter into trade then what are you doing.
You should have a clear concept of why you are doing this, then you should clear it first. If you want to learn technical analysis I will give you a playlist on the I button where you can learn technical analysis step by step. Now when we are talking about Coin DCX, it is a certified company and you get multiple security features here to factor authentication and withdrawal password, you can withdraw and deposit your funds 24*7 And if we talk about it, there is no law in India for cryptocurrency. To trade and hold in cryptocurrency is legal as of now. Finally, their tagline is future Yahi hai, if you want to do that you can do that. There is a link to Coin DCX in the description and comment box so if you like this video you can like it and if you have some questions you can ask in the comments. We will definitely try to make videos on the topics and if you are watching this video on Facebook then follow it and if you are watching this video YouTube then subscribe it till the time go self self-made
