Create account

En Fri Mand
2011d · Stocks to buy with your BCH. FAANG.
Anyone knows why on SimpleFX it says it costs more than 2 BCH to sell 0.01 USDTRY?
BitcoinHoarder
replied 2011d
Their leverage is incorrect. It’s off by a factor of 5x. So “10x” is actually 2x. I use “10x” leverage settings
En Fri Mand
replied 2010d
hm. but why it says 2 BCH for 0.01 USDTRY? Doesn't match IMO.
BitcoinHoarder
replied 2010d
I know that the notional value of 0.1 NDX is $6,750 (or about 15 BCH). Ndx is 10% from high. I highly recommend that instead! 0.01 would be 1.5 BCH. much better than usdtry!
En Fri Mand
replied 2010d
don't you think the market will go lower?
BitcoinHoarder
replied 2010d
I make no sssumptions. Historically, equity markets go up. At 2x, I can handle a drop greater than the Great Recession. I don’t think about it. I just keep buying with each paycheck.
En Fri Mand
replied 2010d
hm. I'm scared of going long in the stock market right now.
Sk8eM dUb
replied 2010d
Hahaha yeah, I'd long gold and silver not the S&P. Wait until a couple months after the election.
BitcoinHoarder
replied 2010d
What is the value of 0.01 usdtry? You can see value with the online SimpleFX app. If you want 2x leverage, you’d have to select “1:10” on SimpleFX. I know the notional value...
En Fri Mand
replied 2010d
1 USD is 5.73 TRY at the moment. where can I choose how much leverage I use?
BitcoinHoarder
replied 2010d
Each contract of 0.01 is worth US$1000 which is 2.21 BCH. That’s where that number comes from.
En Fri Mand
replied 2010d
ah okay. Thank you my friend :-)
BitcoinHoarder
replied 2010d
Trading platform -> trading account -> leverage. FYI the notional value of 0.01 usdtry is 2.21 BCH
En Fri Mand
replied 2010d
I see. it seems i can't buy or sell for less than that.
BitcoinHoarder
replied 2011d
But just do NDX long. Speculation is hard. Don’t lose your BCH
En Fri Mand
replied 2010d
I'm a gambler.