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Don't do this in Cryptocurrency Trading! | Beware before you Trade/Invest in Bitcoin or Crypto - YouTube
Channel: Pushkar Raj Thakur: Business Coach
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Well we get a lot of emails and we don't have so much time that we read all the emails but
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one email I read recently and I thought not
only should I tell you about the email in
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fact I should also tell you what you should do and what you should not do. So that what
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happened with the person that should not happen
with you. Now let me tell you what the email
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was. I received an email that the person is
from Pakistan. People watch us from all over
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the World and from Pakistan also we get mails and he told that before 3 months he got
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to know about cryptocurrency. 3 months prior they got to know about Cryptocurrency and
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they wanted to become a billionaire
and it was written exactly like this that
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so he asked for money from his father
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and his father denied it. He took the registry of their house and he mortgaged it for money
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To invest
money in cryptocurrency to become billionaire
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He didn't invest money but started to trade that too future trading in cryptocurrency and he started
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to bear the loss and to recover the loss he
invested money and after sometime all that
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money emptied. Now that person writes that what should I do now he would have to
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suicide. If his father gets to know I will
do something about it now tell me what should
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I do. Now just imagine if it did happen, many
people would laugh at such incidents that
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who asked to mortgage house papers but if
it would have been reality then if someone
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has actually done this. A person could have actually done this that is why they wrote
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an email. If it is true that someone mortgaged
their house papers to trade so that they can
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become a millionaire through cryptocurrency
then what is this in your eyes is this
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intelligence or stupidity. If you think that this
is stupidity then let me tell you something
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else also after this we get a lot of comments on YouTube. So on one of our video we got a comment
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it was a video on cryptocurrency the comment
was very interesting the person wrote that
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earlier I used to be poor we have heard
many advertisements like this that first I
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was fat then I got slim so I was
expecting something like this only so he wrote
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that first I used to be poor then I got
to know about cryptocurrency now I am a beggar
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As I read it I laughed, I want to know why that person is writing this. Anyways the thing
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is that any person who wrote it could be a
copy paste also but the thing is if someone
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had a loss then he was poor and became poorer. So what
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is happening in starting the concept should
be explained very clearly. Crypto trading
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that too if you are a beginner if you don't
have this concept clear then people will regularly
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face losses and that is happening also you
already know about it. So till now, you have
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understood that if you are trading then after
today don't trade without learning moreover
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when you are doing leverage trading. Now in this video, the very important message is
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that you can be as much confidence, you can have a lot of trusts that you will get profit
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you have to invest only that much money which
you are ready to lose. Don't go out of your
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capacity. See taking leverage, mortgaging your house is not a small thing
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and if you are doing this for trading then
you are not doing trading then you are doing
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something very stupid you are gambling and you should always avoid gambling at any cost
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So invest only that much money which we're ready to lose. If we get profit it is well
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and good. Why the profit occurred focus on that, was it because of speculation and if loss
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occurred then what you have to learn from it, so that next time you don't face that loss
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I believe that if you trade then you'll
not always get profit but if you get a loss
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then why did it happen what learning you got from it that is very important. So this video's
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the message you have to remember a lifetime. Don't trade without learning
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and if you have to do it then you
have to do it in your appetite and never put
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mortgage any of your Assets don't take
money on loan to trade it could be very scary
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As I told you at the start of
the video the person was got stuck. Similarly a lot of
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people have experienced this and this is an intimation for you a guide for you that
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you could be saved from such losses. I
will tell you one thing this video is very
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informative you should share this video so
that the people I have talked to many people
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that in villages also people are investing
in Crypto, they do not know what they are doing
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and when they are doing this then this is
my responsibility to give them guidance.
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The very first thing that you have to understand. Whenever you invest in cryptocurrency
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investment is a very different thing, you invested the money it would increase if it Rises well
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if it does not then also good. I
am I saying very good because here you are
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investing the money we haven't said about leverage but in trading, you get leverage means
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if you invested hundred Rupees then you can trade with 1000. When you start getting this
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leverage then profit is also a thousand rupees and loss also thousand and then this hundred also finish
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Now in cryptocurrency people start investing in such tokens about which they do not know
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anything they are just investing money just
because they heard from somewhere that it
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would Rise and if you are investing with speculation then the loss is very sure. Now in investment, we cannot
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look at the fundamentals but what we can see let's understand that. When we talk about trading
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then trade can happen in any market for the investment you consider Crypto market or not that both
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the people are there in the market who think of it as good or think of it as a garbage
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there is no intrinsic value. Some people say its
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future. Now when we talk about trade so for trading in Crypto market we understand why trading can
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happen in the crypto market. So whether we talk about the Crypto market or we talk about stock
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market or we talk about forex market, commodity market. In every kind of market trading is
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possible because in whichever market there are buyers and sellers then they can get to bring
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the price up or down. Buyers and sellers in
any market can make the prices Rise and fall
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if buyers are continuously buying then you
would see a rise in the price if sellers are
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continuously selling then the price would drop. Now in the crypto market
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if we talk about Bitcoin or ethereum, coins
with which you know and you can see their
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prices are increasing yearly because people are investing in it. From villages
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in India, people are investing then why the price would not rise. In this there are many
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things which have to understand that when
selling occurs if a person has a lot of coins
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and he starts to sell then price can break
and it does happen. Now when we talk about
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trade when buying and selling is happening
and trade is possible and I have said that
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you should understand it. So when you are trading then have you understood about trading. What
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happens when buyers and sellers are there
in the market then continuously there is buying
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and selling so in the market there occurs some patterns. We understand patterns
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let me show you something live. So here if
we trade, I have opened the graph on coindcx
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So now you can see that prices are
moving you can see the candlestick pattern you
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can make a trend line here you can see that price is falling so trendline is showing that
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prices are falling what is trend line and
horizontal line I have already told you a
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lot about technical analysis. WithCandlestick you can tell that now what price action
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could be. So on price action, candlestick, technical analysis we have already made a lot of videos
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you can see the link on the i button technical analysis on stock market, Crypto market, forex
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market, commodity market and in every kind
of market where there are buyers and sellers
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what I have to tell you is that till here you are seeing is what has happened here you
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see 2 things one on the left-hand side and
one on the right-hand side. On left side
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is history which has already occurred with
this we take a prediction that what will happen
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What has occurred till now
and after analyzing what happened in the
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past after analyzing with we speculate
what will happen further if you are
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analysing then what all you have to see. You identify the trend, so trend identification
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is the very first concept in trend analysis
if you open randomly any chart then in that
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chart can you to analyze the trend if you learn
to plot the trend then you can understand
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the basis of price action, what are candlestick
patterns. So I'll write what all you have
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to understand if you are trading then very
first you have to to know about Trends you
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should know how to identify the trend. 2nd candlesticks
other than that any graph pattern which is
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being formed you should understand that
also, what are those patterns which patterns
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are forming. If you want that we make a complete
playlist on patterns then you can comment
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below we can give you in abundance of information
on patterns also that is left now if you see
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that let me write here indicators. To make your trading setup a lot helpful we can
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use indicators. Like very common indicators are MACD, RSI, band that is used in crypto market
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If we talk about coin dcx, here you can
apply indicators you can select any of the
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indicator which you want or are interested
in. You can use that in your setup and the
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time frame on which you are working cause
it depends for how much time period you are
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trading this all you should know. Now one thing
which is very important for you is if you
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are trading in Crypto market then you try
that you don't short sell which means that
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its price will fall down continuously you are seeing in the trend that prices falls so
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you avoid that trade why because if you trade where you will get profit because
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of the following prices then you can get losses
also because in Crypto market overall we see
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market is dynamic when it rise or it falls
also so swiftly but I'll know what we have
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seen overall movement is upward continuously. So if you
are short-selling or you do any trade where
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you will get profit because of falling prices
then you should avoid it as you could get
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losses trade when you know that prices will rise. So these are some basic things at
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beginner level so that you get very less losses
if you want to trade only with closed eyes and
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following tips where you don't know what you are doing
you will occur loss only. So first learn
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then only trade and this is not just about
crypto market it is about any market you
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choose if you do stock market also then also
you will have a loss if you would not learn
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at first. These are some basic things which
I have told you today I hope this information
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was useful for to you finally if you think
video is valuable then share this video you
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have to understand that if you are trading
then you will not do without learning this
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is very important so you need to understand
this before if you invest in a single penny
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trading then first learn about it if you found
this video valuable share this video. If You're
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on subscribe and Bell icon and I will see
you next time till that time you go self made
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