Full transcript (2494 words)
So hello traders, in this video we are going to talk about crypto trading, how to do crypto trading, where to open an account, how to add funds, how to withdraw funds, what is the mark price, what is the traded price, how to trade in options, what will be the margin, everything will be covered in this video. So let's start today's video. First of all, we will see how to open an account. So as you go to the description of this video, you will see something like this. You have to click here. As soon as you click, you have to go for signup. We clicked on signup. Here we will create our email id and password. I have put my email id and password here. Now I will get the OTP here. As soon as I put the OTP here, it says get verified to start trading. So we will click here. Now what do we have to verify here? We have to do KYC. What do we need for KYC here? We need a phone, mobile number, Aadhar card, PAN card and selfie verification. So we will verify it here. First of all, let's put the phone number. We have done our mobile verification. Continue with ID verification. Now what do we have to do here? Complete your verification on your mobile browser using phone as a following instruction. Everything is clearly mentioned here. The quality of the phone camera should be better so that you can do it. If you are doing it with a laptop, you can also do it with a laptop. Let's say we are doing it with a computer. So what do we have to do here? If you want to put income details, you can put it according to you. Let's say I put self-employed here. Now we have to take a selfie here. Obviously, this is not my account. I will tell them whose account it is. We will see the rest of the process. Okay, so as you can see, our account has been verified. Step by step we took the selfie that we had to take and the verification that we had to do. We did all the KYC and uploaded the PAN card. Now in just 10 minutes, the mail has arrived that your account has been opened. Now what do we have to do here? We have to add our bank account here. What do we need in the bank account? We need an account number right? So here I have added my bank account. For this, again I will get an OTP. So I will submit the OTP here. I have submitted this. Now what will they do for verification? They will send Rs. 1 to our account. Once it comes, then somewhere we will get confirmation. Now what happened here? I added my HDFC bank account here. As soon as my crypto account opened, they opened an account in my name in an Equitas bank account. Now what is the process? Let's say I want to deposit money in my crypto account. So how will I deposit? So in this HDFC account that I have added, in this account, I will add my Equitas bank beneficiary. So as soon as I want to deposit money in crypto, I will go to my HDFC bank. I will transfer funds in the account that I have opened in my name. So as soon as I transfer funds in Equitas bank, it will directly reflect in my account. So as you can see, I have added Rs. 20,000 here. So now we will learn how it looks as soon as it opens and how to use it. So as soon as you come to the main page, you will see 3 most important cryptocurrencies that are traded the most. They are Bitcoin, Ethereum, and Solana. So we will mark these 3 as stars. So as you can see, it is perpetual. Perpetual means never ending. You can hold it for a lifetime. You can hold it like an equity. It never expires. You will have to add margin from time to time. It never expires. Now if we come to its options, so as soon as you come to options, so in Indian market, we have weekly expiry, monthly expiry, right? So in this, all the options are at 5.30 every day. Like today is 10th of November, 2024. When will it expire? 10th of November, 2024 means after 5.30. So the 11th of November contracts, when will they expire? Here you can see the time. In this, time is 1 day, 22 hours, and 53 minutes. So it expires every day. So as soon as I open this, my chart opens up. You can see on the right-hand side, there is a chart. So as soon as I open this, my chart opens up. So as soon as I open this, my chart opens up. So I will do a quick order here. I will click on best offer. And here I will go to 0.20. I buy only 20% of the whole lot here. I am using 50x leverage. I have to pay a lot of margin here. So here I will place a buy order. You can see on the chart that my entry price is at 79,699. Now the market is running at 79,730. So as soon as it triggers at this level, we will take it up a little bit. We have done 706 here. It has come around 710-711. As you can see, my contract has been triggered here. Now the next important thing is to place a target and stop-loss. So in this case, let's say we have entered here. Now let's assume that I have placed a stop-loss here. And I have placed a target here. So I have planned a stop-loss of 79,600. So I will write 79,600 here and place an order in front of you. And let's say I have placed a target here of 80,000. So what I will do here is TP plus SL. Here it is written for add. So I will add it here. Now see here, understand carefully at this point. Here trigger price take profit means I have to place my target here. Now you have two options. The price that I will put will come near about there. So whatever the market price will be, it will trigger. Or you want that no, specifically my exit should be at this level. So let's say I say that my exit should be at 80,000 only. So I will put 80,000 here at both places. Now let's say if I say no, here our 80,000 will run up to 80,010 also. So here we can give it a range. So in this case, we will keep 80,000 only. There will be no confusion. I also have an option in stop-loss. Should I give a market order, limit order or trail etc. So let's say I give a market order here. I have planned a stop-loss of 79,600 here. Let's see once, 79,600, correct. Here we quickly limit 80,000. Here also 80,000 and this 79,600. So here we have put a stop-loss market. You can also put a limit. You have to write 79,600 at both places. I have confirmed it here. As soon as I confirm, here you can see on the charts that my target has come here. This is the target level and this is the stop-loss level. Now we can also modify it. Let's say if I want to reduce the target, then I will bring it down. So my target has come down. Let's say I want to modify the stop-loss. So I have increased the stop-loss a little. So here you just have to drag and drop. Once you have put the order, put the target and stop-loss, then it is very easy. You just have to play on the charts. If you use it in mobile, then the same features are there in mobile. Everything is the same. As soon as you go to the right-hand side, you get a plus sign there. You get the option of bracket order. If you sign the plus there, you get the trigger price and stop-loss trigger. You get both options there. Now we have taken one trade in futures. Now the confusion is how to take a trade in options. So we will work on this first. It doesn't mean anything to us right now. Let's exit it. Now pay attention here. If I close it on the market, then again the price will be more and the charges will be more. So in this case, I will reduce my stop-loss so that my price is very small and my stop-loss goes away quickly and we will exit it. You have to pay attention to this. If you exit your trades on market price and liquidation price, then there is a very high chance that your money will be spent more. I will trail it a little more. It is around 6.48. Let's make it 6.60. Okay, it got triggered. I got it triggered at 6.60. Now let's talk about how to trade options. If you think that the market is going to go down and you want to buy a put option, then you have to go to the markets. Here you have options. If you want to trade in ethereum options, then you can click here. But if you want to trade in bitcoin options, then it is easier. Now let's say I think that the market can go down from here. Bitcoin is around 79,560. So what I will do is I will buy an at the money put option. I clicked on 79,600. Buy long, best offer, limit price 0.20. I have placed a buy order. I have placed a buy order. Similarly, what we can do here is we have opened our chart. We have opened the chart of the contract that we have bought. We have bought at this level. Now I have to put a stop loss and target. Let's say I have put a stop loss here. Let's assume that we have put a target of 1200. Let's do one thing this time. Let's put a limit. 1200. It is recommended not to put too much up because it is a trigger price. Let's put a limit of 1200. Let's say we have an entry of 690. Let's assume that we have a stop loss of 600. Let's assume that we have a stop loss of 600. Let's assume that we have a stop loss of 600. Let's put a stop loss of 600. So, what is our risk in this? It is around 20 dollars. What is the target of this? It is around 84 dollars. So, I have confirmed it here. Similarly, it will be the same in buying and selling. Nothing has changed here. Instead of going long, you can order the best limit and plan the best bid quantity. 0.2, 0.5, 1 lot, 2 lots, 3 lots, 5 lots, as per your capacity, as per your plan. You can work on this. Now, let's come to the interesting point. What is trade price and mark price? What is the difference between these two? Should you focus on trade price or mark price when you trade? I will show you the trade price and mark price by doing a live demonstration so that you get a clear idea. Let's put it on futures. I will tell you in front of you. Let's open it again. On two charts. On one, we will do mark price. On one minute chart. And on one, we will do trade price. Now, pay attention here. Let's see this carefully. Basically, what is mark price? Mark price tells us in advance that this momentum is going to come. If this momentum is coming, then you should have a sufficient margin here. You can see this momentum in mark price. After that, the actual trade that is happening in the current market is traded price. Like in Indian market, it is LTP, CMP, current market price, last traded price. The same thing is traded price. And this mark price tells us that this move has come. You should have a sufficient margin. After that, you see a reflection that it is around the traded price. First, you see the mark price. You can see traded price or mark price. Mark price is mostly used by those who have a large quantity. They have to adjust the margin again and again. We retail traders, according to which we trade 1 lakh, we can work by focusing on LTP. So, this is according to trading. Now, if we talk, we put cash here. We learned about trading and options. Now, if we want to withdraw cash, then how can we withdraw cash? We understood about ad funds. If we want to withdraw, then how can we withdraw? We will stay on this level. Let's go to account. After that, we will go to withdraw. How much can we withdraw here? My trades are going on. Let's say I will withdraw Rs.5000 here. I have submitted the withdrawal. I will get a verification code. I will put it in the verification code. Generally, their policy is within 48 hours. But maximum between half an hour to 12 hours. It depends on how many transactions of withdrawal they have. In my case, in HDFC main bank account, within 12 hours, I will get this amount. You have to remember, if you do big transactions, around 5 lakh transactions, then you have to pay some fees. When you do 10, 20, 50, 100, 100, 100, 200, 500, whatever amount you do, you can withdraw any fees instantly. Your last confusion will be, here you can see the balance around 17,000 dollars. How do you calculate dollars? Dollar goes up and down. You have to remember this. What happens in crypto brokers? They have fixed the calculation of dollars from Rs.85,000. If you deposit Rs.85,000, then you will see dot $1000. If you withdraw Rs.85,000, then you will see dot $1000. Rs.85,000 will come in your account. Rs.85,000 is the fix. Whatever up and down you have, you have to multiply by Rs.85,000. I hope the point is clear. Apart from this, if you want to join our crypto group, where I share my personal trades, regarding crypto, news, setups, late evening, early morning, whatever I track, you can join by opening an account through our link. After opening the account, you have to fill the google form in the description. If you like the video, do like it. If you have any doubts, do let me know in the comment section. I will try to solve all your queries.