What is Cryptocurrency Trading & How to Start Crypto Trading in Pakistan

[00:01] video is for you. Here we will talk about the basics of crypto, that is, what cryptocurrency is, and how to earn money from cryptocurrency. tell you which trading is halal and which trading is haram, which you may not

[00:14] know about. Then I will tell you many small things, including which exchange is best for cryptocurrency, then know whether the market will go up or down, then within this we will

[00:27] expert, Insha Allah. My name is Kashif Majeed. If you are not on the channel, then want to learn about crypto. And if you want to do our paid online earning courses that we offer, which also includes a crypto masterclass. So

[00:41] you can go there or For WhatsApp 2, there are live sessions as well. What is inside it is Zoom classes.

[00:56] One is the basics of crypto. We will talk about advanced first let's talk about what is crypto currency. Basically, it is a digital currency which you control from your mobile and you can do two things in it.

[01:10] can send crypto to someone from your mobile. Second, you can trade in it. As you must be using it. So, this note that we have in our hands was an old technology. Okay, this is basically a centralized currency. Now,

[01:24] I will tell you what is the concept of centralized and decentralized. Before that, you should understand the concept of money and currency. What is money basically? It is a currency decentralized. Okay, this The government cannot control it.

[01:37] Now why can't the government control it? Because the government extract it, but it has limited resources. But this paper currency is centralized, the government can print it.

[01:51] Okay, what does centralized mean? The currency which the government can print is under the control of the government. We call it centralized currency. So, and it is under the control of the government. Whereas the one which is decentralized is

[02:04] Cryptocurrency also comes under it, that is, the government does not control the crypto currency. We send it under the blockchain. We use blockchain technology. not under the control of any government. Therefore, many governments are also against

[02:19] understand the simple concept of what crypto is, let's discuss how we invest in cryptocurrency. So, want to buy dollars, what would you do? You would take this money to an exchange

[02:34] and tell them, "Friend, I have this much money, give me dollars." Similarly, want to buy crypto, you go to a crypto exchange and create an account there. You have to

[02:48] can send your money from anywhere. And these money, whether Pakistani rupees or dollars, or whatever it is, now on, the name of crypto is FIT, which means it is FIT. You have to send FIT currency and from that you get stable coins.

[03:03] You don't have to invest money in Bitcoin or in Etherium up and down, so it's not like you invested 000 and as soon as you invest and see what it is now, it goes down to ₹, so you'll say you made a

[03:17] you have to invest in stable coins. Now, a stable coin basically means that its price remains equal to $, it does n't go up or down. Now, what are stable coins? The most famous one is

[03:30] USDT. Apart from this, there is B USD, then there is FD USD and there is also USDC. I have told you about many coins, okay, USDT is the most famous one, so After that, you can go to the exchange and buy Bitcoin, you can buy Ethereum, you can

[03:44] buy Bitcoin, you can buy Ethereum, you can biggest coin, you have a small one for it. Let me give you the oldest example of what happened funny example. There was a guy whose name I'll mention here,

[03:57] he gave away how many Bitcoins. He gave away 10,000 Bitcoins just to buy Papa Janus two pizzas. This is a funny example. If it were around today, that guy would have become a billionaire. Well, Bitcoin

[04:09] is the main coin within cryptocurrency, and it's what makes the market go up and down. When altcoins go up. You might ask what are altcoins? Other than Bitcoin,

[04:21] learned this terminology first. Then, secondly, you have to learn that if the market is going up, okay, then what is the market trend? Is the market bullish? You also have to it means the market is going up. It will be bearish. Bearish means downward,

[04:36] bearish, the market will go down. Then, like I told you earlier, 'FUT', this paper currency will be used everywhere as 'FUT'. Then one thing happens that there are big fishes in the market. There are

[04:50] in crypto too, the big fishes are called Big Fishes or Big Wells. Now, who can come in this well? Elon Musk can come in it. Like, he once said about Dodge that brother, Dodge is going to pump. He said good things about Dodge

[05:03] people who invest a lot in crypto, the market goes up their profit is coming out, as soon as they exit, the market goes down. So, we call them Big Wells. So, you have learned these small concepts in which

[05:16] we We've covered the basics now. Let's talk about advanced crypto. talk about advanced crypto. not like you've given the example of 1000 in crypto, so you have to put in only 1000.

[05:29] minimum investment you can make. If you want to learn cryptocurrency or learn how to trade, you can invest $10. You can start with 10. But if you want to

[05:44] then you should start with a minimum of $100. $100 is approximately ₹1,000,000. That's why I'm advising you that you can make both profit and loss in it. invest only that much. What people say is that you should

[05:56] invest as much as you can afford. So the thing is that you can start with $10 and loss in this too, so you have to see that brother, I want to earn that much take a loan from your parents or sell your land to invest, you have to

[06:11] say is that $10 is the minimum, $100 is the maximum, if you want to invest or if someone has a lot of money then they should not invest more than $500, okay, once you have learned can invest as much money as you want in it, so if you want to invest in crypto then

[06:24] you will ask for the best exchange, then here you will see a list of exchanges in which if you look, the top exchange in the world is Binance, now how to create an account on Binance, how to invest in Binance, how to do your KYC in Binance, these are

[06:37] but I have already made a video on this, so you will find the link of that that your KYC and all the things are done. Now let us talk about how many types of trading are there in crypto. There are

[06:52] spot trading and the other is futures trading. Now and most people say that futures are haram. Let me explain to you what spot trading is. that you buy a coin and now you can sell it at your own time. That is,

[07:06] when the market goes down, you buy the coin and now you sell the coin when you are making a profit. what is the leverage? You apply let's say leverage of 150. Now let me explain it in a very simple way that you have ₹1. Now what did you do? You

[07:20] went into futures and you saw that the price of a crypto is going let's say $55000. You have to invest your 000. Now you have very little money. Okay, you have seen what is there. $5000 is 000, understand? Now what you did was that you

[07:32] borrowed money from Binance or any other exchange. If you took leverage of 50, that means you no longer have 1000, but you have to make it 50x, that is, you have to multiply it by 50. You borrowed money from that money. Now

[07:46] you made it 50000 and invested it. Now your profit and loss will be in terms of 50000. If your 50000 is even slightly less, then your 000 or $1000 will be lost immediately. So, in crypto futures, you can make

[07:59] huge profits and you can also incur huge losses. Because in this, these people take an amount and most of the I don't do it myself, so I wo n't recommend it to you either. So, crypto futures You

[08:11] don't want to trade futures, but you want to do spot trading in crypto. Now, if you ask how the market goes up and down, there are two ways to do this. One is to do and the other is to do fundamental analysis. You might ask, "

[08:24] What is fundamental analysis? Basically, technical analysis is where you sit and predict things yourself. Some people, let's say, things evolve. entire market over the past year, see what Bitcoin did last year, and

[08:38] move this way." Many people look at candlesticks and chart patterns. So, what happens is that you learn from your own learning, and you have to tell yourself that it will go this far in the future. The second is that

[08:51] fundamental analysis, in which you look at the market and its If you watch the news, that is, if you follow people, they will tell you whatever is happening. And if some bad news comes about Bitcoin or

[09:05] attack Israel, just like Iran attacked Israel, now Iran what happened was that the crypto Because crypto is being controlled more by America, which means there are

[09:19] happened was that investors withdrew their money because Israel and they say that the market has gone down. So, based on the big news that comes, market is going down or will go down. You have to do fundamental analysis,

[09:34] my opinion, technical analysis only matters at 30-40%, whereas more fundamental needs matter. If you do, I hope you have come to know Now what you have to do is that you have to actually get into crypto.

[09:48] as I told you earlier, I will give its link in the description, in which you will also be taught to create an account on Binance. Your KYC will also be done on Binance. How to invest in Binance, how to buy coins on Binance, then

[10:00] you have to transfer any amount to someone, then Insha Allah, you will get to learn all those things from the link of the next video which I have given in the description. If you can ask in the comment section. I will meet you in the next video. Take

[10:12] good care of yourself.