The major challenge ol newbie is greed and that is the problem that will make many lose their money. leverage trading, martingale and some more are fast ways to gather profit but it is suppose to be a risk taken by experienced traders. Newbie that doesn't want to be patient and learn the ways to trade and also the risk involved in the business may keep having the trading challenge. Learning every bit of trade is important to succeed and patience is key, it is a rise and fall adventure until it gets better.

That is the spirit of a passionate person. It is one attribute of a committed trader that wants to succeed. This means when the trade isn't yielding profit, you will be ready to ask questions, research and update the trading skills. Most traders will face obstacle but the ability to keep going creates more grounds to conquer. Do more research if you are having challenges in your trade.

If you have been making money in the past and also losses, it means you may have done the right things at that point and if you have made more profit than losses then, it also means you had a working strategy. The point is every trader encounters losses too.

To this other side of your worry about consistent losses. I want to point out two things that may have been the cause.

1. Either you have left your winning strategy totally or partially. You can check your indicators and there parameters to be sure they are in the measures you think they are.

2. Either the market is changing and playing smart on your strategy. In trading, there are times your indicators are at the mercy of market, you can't understand what is happening then. The solution to this is to take a break and rest for weeks


This is also a nice one to look at. Your strategy may need some tweaking and better ideas to be able to come back as a winner while taking the losses to the trader(s) on the other side. The more the volume, the more there are changes to what you know initially. Trading is survival of the fittest

Most of it too is that the bounty hunters don't get paid at the end after waiting for long time, sometimes months with high hopes before realizing they have been scammed. There are a lot of unseriousness on the bounty section due to the managers are hardly sincere so they accept any job to there desk and refuse to do proper research, and escrow tradable token for participants. If they are sure to reward hunters and with tradable tokens, the owners and managers will make the highering process more strict to get good posters. There are some projects ongoing there that are paying with tradable and listed tokens like BGL and others, I believe there highering process is not very open to every poster there.
The point now is such very low level posting does not harm the project directly since it is already a shit project to scam investors but the posting is harming the forum.

That chart looks like it is the Elliot wave partten with the ups and downs represented in numbers. Elliot is just like any other indicators represented in the chart and we are not to solely rely on on it without checking out in combination of other indicators. However, I don't think the price of bitcoin will go down to 30 before the year ending, the longtime hours are still strong for bull if combined with MA and the adoption rates.

I know winning give more confidence that you are good at what you do. Making reference with football teams, a good team has the confidence to face any team despite the stars the other opponent has and on the field of play, they don't get scared to keep their game high. Like trading also, a good strategy gives confidence especially when it has consistently given you lots of win. I take my chances when the market opens a winning possibility for me because it has consistently shown such advantage in the past that turned a win.

The risk also has means of protection which is the stoploss. I don't think the traders making profit would have done so if not for the way that they use stop loss.

I also know that the difference of the two is that you can trade crypto in spot or futures and you hodl for longer time and if it drops in value you can have your coins retaining its units but forex is not that same way, you can trade and lose everything if you don't make the good use of money management.

I don't think that uptrend is not unlikely when looking and analysing the same candle you refer to. This is what makes trading interesting. By the hour time and even towards move will show that the bull is preparing again to get us crossing $50k. The higher time like 4hours, weekly etc have the outlook for bull.

There may not be a perfect time for trade because you can't know such time but you can just have a guide to near perfect through the chart and indicators, with luck then you can be lucky to get the perfect time. Most times brokers take of few pips as soon as you enter the trade and that gets you into losing but how you can know is a near perfect market is, it doesn't take time for you to go into profit. Yes trading everyday when you don't get proper signal can be wrong and get you more confusion which is usually part of the market, confusion.

I wonder if bitcoin is possible to be doninated by just a single country. It is in the space of any country to adopt that means decentralized and El Salvador is leading to show the way even with citizen complaining of volatility, uncertainty and instability but it is not for bitcoin to change but for the adopting country to find means of mutating there cyberspace to make use of the technology.

One problem associating inflation across the world is that the low income earners and people on the street suffer but the rich gets better because they can have access to other amenities. Here the government want to come in the way of giving out loans but such loans don't get to the grass root but the rich get to grab it as they are influential and in government.

You also can get the understanding that after study is how to get food, shelter and live a good life which are very important. Nothing will get wrong if a student gets a vocation by the side along with schooling. Acquiring skill can come in different forms, trading is a skill and a form of education that needs to be learnt. I know say people trying to trade and can not because they don't have the knowledge so if the kids show interest in learning how to trade, it is better not to deny that to the child.

It is nice to know that God only knows what can happen tomorrow and in the future and the need for we passing over knowledge to children and younger persons to carry on from there because trading can be the very good source of income for the family. I intend to pass on that too but I don't think any age is specified only if the child starts to develop interest in it then we can start to expose it to him or her.

I don't know of a trader that doesn't make the use of chart. It is more important than some indicators, and some traders consider it as a powerful indicator which I think it is too. Charts are simply the technical ways to know and monitor price action and movement, a fundamental analysis trader also will follow charts to speculate the next price level. For a day trader, using the chart is helpful more than a scalper. Using a longer time for chart analysis is result oriented.

I think he is a crypto legend that has shown his face and commitment to further improve on the blockchain. He has made etheruem very popular and that is an achievement to write his name in the anals of crypto history. It has given challenge to bitcoin and really preferred because of confirmation speed.

I take this advise as a good reason to know how to trade. Everyone trader has a strategy to trade but often we make loses and not just loses but huge loses that will take our accounts out from the market. Those times are important times for a review on the reasons to the lose and if we get to understand why we lost, we can correct our mistake. Therefore, a newbie can start somewhere and gradually grow on the strategy.

No guarantee that can happen when it crosses $50,000 because that standing there is a strong support that needs more tasting. You remember just one week ago it crossed and pushed to $52,000 but couldn't break even to see $55,000. I won't put all my plans on $50,000 for now, although there are possibility for an increase going pass the level.

Scalping is a very fast way of trading and so it won't allow for putting in the stop loss. Mainly it is not the fault of a scalper not to use stop loss and that is why it is the most dangerous trading pattern, you can get stocked in losses when you enter a wrong scaping position. When you don't trade with stoploss and you go into losses, it is difficult to stop the trade on losses. Using stop loss is better in all trade.

Yes I think the influence or what affects the market is the number of transaction going on in the market and the direction that it is going. If there are too much order for sell for instance, it can trigger fud for bear and that panic can get more deep bears coming in because nobody want to lose their money and they want to also sell. Further to the other hand if there is a whale order for buy too that may bring the waves of bull in the market. Or a news can trigger price to any direction.

I don't know if there exist such information . What do you understand by fundamental analysis. In the real word of it , such information is news so you can only monitor a particular company like in stock and forex trade, commodities like metals like gold, silver, copper and more. But bitcoin doesn't have such kind of source to find information and it may be spontaneous. Example Elon musk hyping some projects or institutions dropping or putting out information to adopt cryptocurrency then that can make a bull or bear to the market.