How to Trade Commodities, Forex, Stocks, Indices with STEEM or Steem Dollars!
Time to Trade!
Step 1: Converting your SBD/STEEM into BitcoinThere are many different ways to get your STEEM or SBD into Bitcoin so I will touch on a few of them here to help folks know where to trade their SBD/STEEM. It's recommended you never store coins on exchanges. Get yourself a BTC wallet such as electrum from https://electrum.org/ so you can safely store your coins when they aren't in SBD/ STEEM.
poloniex.com - Slower but Best Rates
shapeshift.io - Fast but Costly Coin Swapping
Step 2: Signing up for 1Broker.com and DepositIt's incredibly easy to sign up for 1Broker and I highly suggest you sign up for an account just to familiarize yourself with their platform. For a person new to commodities trading at first you may feel a bit overwhelemed by all the numbers going off. Do not fret. In a week you'll be able to read a market and capitalize on it.
To deposit to 1Broker please click the "Deposit" circled below.
Send your Bitcoin to your deposit address.
Generally it takes around 20 minutes (2 Bitcoin blocks) for your deposit to be credited to your account. While you're waiting you can skip to the next step which primarily deals with setting your chart up and picking what you will be trading.
Step 3: Tradingview.com Charts & Choosing your TradesTradingview.com offers EXCELLENT free graphs and tools. I highly recommend them to anyone looking into getting in on trading. They are free to use but monthly packages for better info display is available but not necessary. The standard free charts are more than enough to trade off of once you find a setup that works.
Now the trick to picking good trades is knowing the particular market you are playing in.. It's hard for me to exactly say in a few sentances what the best way to trade is. Personally I like shorting the SPX500 when it gets obviously propped up on leverage..
Eventually it will fall like a house of cards... I hope you have shorts in at that time. Good luck trading!
Always remember to set your stop loss in profit and to research current news before trying to trade.
Step 4: Convert your Profit Back to SBD or STEEM & Earn MOREAfter your trading day is done and you've made massive amounts of profit by accurately picking your market positioning you should take some (or all) of your earnings and re-invest them into the STEEM network. If you choose to invest into the stable Steem Dollar and earn 10% APR interest on your holdings or decide to purchase STEEM to power up your or someone else account.. By re-investing some of your well earned Bitcoin profits back into our community helps it grow as a whole. See Step 2 for places to exchange your BTC back to STEEM / Steem Dollars.
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