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For example, about myself I know that I will never sell in the falling market. Better burn it all down. But I do not know how to determine the maximum growth at which to sell. And that's a big problem.
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It all depends on your experience and qualifications as a trader. The principle is the same everywhere-the higher the risk, the higher the profit. You have to make your choice.
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I don't think Forex traders need any help to start trading bitcoins. Who wanted one for a long time trades. There are no complicated questions here.
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I have watched many times as a long flat exhausted the strength and nerves of traders. But then the trend began and traders lost many times more. So appreciate what we have now. This is the best time to buy new coins. We know that sooner or later they will grow up.
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The problem is that there is no ideal time for trading. When you start to climb, you will not know how long this will last, what will be the correction, etc. There will be new reasons for concern. And now is the best time to buy new coins.
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A trader can not be gambling. But he must really want to make a lot of money. These are mandatory conditions.
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Your first question already says that you do not understand the main thing. Technical analysis and in particular Japanese candlesticks can be used only on instruments with a rather long history. There are only a few of these among cryptocurrencies. Trading on them is no different from trading on Forex.
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This is not the first such thread on the forum. Almost all of them do not contain any useful information for beginners. You cannot become a successful trader at all, you need a narrow specialization. First you need to decide. what you want or what you can trade. It depends on capital, free time, knowledge and many other things.
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I myself was in the same situation. Good profit on Forex can give or intraday trading with high risks, or long-term with good capital. Intraday trading requires many years of practice and a good trading system. All these years it is necessary to earn money for life in other way. A vicious circle that can last for many years. Bounty helped me.
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Perhaps you are too worried about the price of bitcoin. This means that the losses are very significant to you. Maybe you invested more money than you needed to. But the greater the risk, the greater the profit. Everyone decides for himself.
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