How can I use Bitcoin Lifestyle to research multiple instruments?
To use Bitcoin Lifestyle for research on multiple financial instruments, you need to select the asset class you want to trade. The trading tools for the selected asset classes will be automatically matched with your choice. Then, click on the trading pair you want to analyze, and the relevant research tool will be displayed. You can then follow the prompts to apply the tools in trading research.
How can I measure the accuracy of the generated signals?
To test the accuracy of the signals generated by Bitcoin Lifestyle tools, you can run them on the demo account. The demo account runs on real market data and simulates the live trading experience with 99% accuracy. Signals that yield positive results on the demo are likely to be profitable on a live account.
How can I change the withdrawal method?
Transactions on Bitcoin Lifestyle happen through quality CFD brokers. During the initial deposit, you will be prompted to verify a payment method. Only the verified method can be used for withdrawals. If you want to verify another method, you can send an email request to the broker. The verification process may take up to 72 working hours, and you may need to upload a photo of your debit/credit card with the CVV number covered for verification.
How can I test the trading signals on the demo?
To test the signals generated by Bitcoin Lifestyle tools on the demo account, click the demo button at the bottom right corner of the trading dashboard. Navigate through the demo menu and select the “run signals” button. From the signals folder, select the generated signal you want to implement and click the “implement” button.
How does online trading work?
Online trading allows ordinary people to speculate on the price swings of various financial instruments. Financial brokers provide access to these instruments, and their trading platforms have tools to help traders conduct fundamental and technical analysis. These platforms also link to global liquidity pools for instant order execution, which is essential due to the speed at which the markets adjust to new information.
What assets should I trade online?
Forex, stocks, cryptocurrencies, commodities, and market indices are the four main asset classes that can be traded online. Each of these classes offers thousands of tradable products that are traded through financial derivatives such as futures, forwards, options, and CFDs. CFDs are the most popular derivatives, and Bitcoin Lifestyle tools support the trading of CFDs on all asset classes.
Do I need skills to succeed in online trading?
Online trading is highly profitable, but you need to be willing to put in the work to succeed. Trading preparation involves mastering the language and familiarizing yourself with the platform. Before starting a live session, you should master all the trading research tools under the platform. Bitcoin Lifestyle offers AI-driven tools to reduce the complexity of trading research. You should master the trading process within hours of practising with our tools and use the demo account to test the signals before going live.
How many hours should I dedicate to online trading?
You can take online trading as a full-time or part-time business. Full-time traders spend most of the day analyzing the markets and placing trades, while part-time traders can dedicate as little as one hour daily to trading. Most full-time traders start as part-timers before transitioning to full-time trading.