The Cash Diaries

My experiments in passive income, trading and life

Author: Matty (page 2 of 22)

Litecoin is the cryptocurrency to watch

While Bitcoin and Ethereum have had a bit of a hammering over the past month, Litecoin has been a bright spot.  And the months ahead could be even worse for Bitcoin.  It is in the midst of a community split, which has traders worried about potential volatility.    So those looking for something that could offer a bit more stability over the coming months, then litecoin could be for you.

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How to trade forex using Bitcoin

While a lot of people stash their bitcoin away, hoping that the price will rise – did you know you can also use your Bitcoin to trade.  And more specifically you can use it to trade forex.

Trading forex is nothing new, but trading forex using Bitcoin is.  There are quite a few brokers that allow you to trade bitcoin, but I have only seen a couple that allow you to fund your brokerage account using Bitcoin.  My favorite of these brokers is Whaleclub – which I believe to be the best option for using your bitcoin for trading.

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Should you buy bitcoin when the price goes down?

I would say we are currently in a bearish crypto market.  Pretty much all the major cryptocurrencies have lost value over the past month.  This was on the back of a major bull run where it seemed like bitcoin and ethereum was just going up and up.

So many people are naturally asking – should I keep buying bitcoin, even though the price has gone down?

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Invest in a bunch of popular cryptocurrencies in one go

Are you excited about the prospects of cryptocurrencies?  Looking to invest in the sector as a whole?  Well you now can.  eToro recently added a bunch more cryptocurrencies to their Crypto Copyfund.

When it was first launched, it only included Bitcoin and Ethereum.  While this was a great start, I felt that it could be a bit more diverse.   So this is great news.

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3 Places you can practice stock trading for free

The best way to learn about trading stocks is to actually practice for yourself.  This way you can apply your trading strategy without risking real money.

Fortunately there are lots of places to practice trading stocks.  I recommend using platforms that mirror real world trading conditions.  This way, you’ll become familiar with charts, opening orders, setting limits etc.

So here are three different places where you can practice trading stocks online.  These are all CFD platforms.  To learn more about CFDs and their advantages and disadvantages check out this article I wrote.

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Making money from Cryptocurrency Trading

Is it really possible to make money from cryptocurrency trading?  Is it a legitimate long term strategy for wealth creation?  I thought I’d put together a post rounding up the current state of cryptocurrency trading and how you can get started.

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Who to copytrade on etoro: DrGreenFingers

It’s time to review another trader on eToro.  With so many traders on the platform, it can be a bit overwhelming for newbies to filter and find the right kind of traders to copy.   So i’ve been rounding up interesting traders on etoro to help you find people to copytrade.

When you copy trade, you automatically copy the trades of a more experienced, and and (hopefully) profitable trader.    When you copy trade multiple people, you’ll diversify your portfolio and spread the risk, yet you’ll still be able to see impressive returns.

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Trade Bitcoin CFDs on Whaleclub

Whaleclub is a new type of trading platform that runs entirely using digital currency.

Whaleclub allows you to trade forex, stocks, commodities, and bonds using Bitcoin or Dash (another digital currency).    And you can also trade Bitcoin CFDs.    By trading a CFD instead of the actual currency, you can potentially profit no matter what direction Bitcoin is moving.

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Are etoro’s CopyFunds Profitable

It’s over 6 months since eToro launched their CopyFunds financial product.  So we’re starting to get some good data as to whether these can be profitable investments.

I started my own experiment a while back to see if copyfunds would perform and I’ve embedded screenshots below.

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Who to copytrade on etoro: trex8u247

Are you looking for people to copy trade on etoro?  With more than a million traders that you can potentially copy, finding the best people can be a bit confusing.  So I’ve been putting together a series of posts reviewing people who I believe are interesting.

Todays review is of Dale Rex Doust, aka trex8u247,  a stock trader from South Africa.

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