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881  Economy / Trading Discussion / Re: WHAT DID YOU STUDY? WHAT DID YOU LEARN? on: September 27, 2022, 08:54:17 AM

What stops us the most from becoming master traders?

Trading is not like the professional courses that you can study in class room and become a master of it whether in practical or in theory for other course of study, you can become master in theory and practical because you can know the configuration that will land you to your result. Therefore you can analyse your theory and do the practical leading you to same result but trading is not that way. You can analyse the theoritical aspect of trading but the practical doesn't really come out same way it was analysed and this is why we have more of market analysers and YouTube, telegram call groups because trading is not easy so they rely that way to make the money from others and not directly from the market  Grin

Trading is complex because it involves different figures of market decision markers that you can't read their minds but only rely on figures, speculation and emotional sentiment. This is a major challenge for trading, it is more of practical than classroom learning.
882  Economy / Speculation / Re: Cryptocurrency is silent why? on: September 27, 2022, 07:49:42 AM
For some months, cryptocurrency is in a down falling trend which is the main cause.

This is expected during the time leading to bull. The market don't give you what you want to be served immediately. The market is at this time like an example of a bad waiter trying to clean up all the mess on the table before taking your order. So what do you have to do at such time especially if you like the delicacy from the restaurant? To wait for the time the waiter comes to take your order. Now there are many traders and hodlers waiting to get in but the market not giving in just yet because of some clean up and correction.
883  Economy / Economics / Re: U.S. household wealth suffers record drop in second quarter on: September 25, 2022, 01:08:55 PM

Even small and third world countries are having a hard time dealing with this inflation crisis. America is actually a rich country so if they're badly hit by inflation, it could be the worst experience in poor countries. Everyone is double grinding so they could have enough preparation in case this crisis would get worse in the future. It's definitely hard to deal with and a single job wouldn't be enough to sustain our daily necessities anymore.

This is not a joke for third world countries that lack infrastructure, employment, good shelter and food. The most hit in the scheme of effect is the feeding because you can't afford not to eat no matter how economical you are or you try to cut down on expenses. High cost of food stuffs is affecting the poor population of people in third world countries and that causes malnutrition as they don't feed well. The rich in the third world countries are still better of since they still get contracts from government and can afford to pay their bills. The third world countries government unlike the more developed society like US can't organized support to help reduce the effect of inflation on the poor.
884  Economy / Economics / Re: How Will Investing Help the Economy of a Country on: September 24, 2022, 02:32:10 PM
The goal of the state to open the door to investment certainly hopes to make prosperity for citizens, unfortunately not all investments can help the economy of the poor because most poor people do not have education so they cannot participate with investors.

Surely not investment doors or opportunities are open for all kinds of people like the poor and rich, they all have specifications for what investment they can take part in likewise the educated class. The government runs investment programs for poor even the less privileged and physically impede classes and this is the right way to organize and run a government, if done this way there is no way that this won't contribute to the total income and well being of the country's economy. Example there are loans that are available for rich and poor depending on the capacity to attract those loans.
885  Economy / Economics / Re: What define your success, "money, fame or achievement"? on: September 24, 2022, 10:51:04 AM
contentment and happiness, because no matter how many achievements, money, cars, and properties you have, without happiness and contentment, you can never satisfy yourself, you'll always be missing a piece.

Contentment leads to happiness yes but we can not tell our self how successful we are, it depends on the outsider to say. Although inside we can be fulfilled but success itself is not what we can say of ourselves but it is the public that will quantify our success based on different criteria and comparison with others, such criteria include your age, education, pair group, social glass, family history and inheritance because those also play some roles to how successful we can be.
886  Alternate cryptocurrencies / Altcoin Discussion / Re: A good news or a bad news on: September 23, 2022, 05:12:37 PM
This might affect the said coin for a short period but it doesn't mean that it will be a reason enough for it to crash down. If it will make the situation of a coin better in the long run, then this issue shouldn't bother you. It's something that we shouldn't panic about because it usually happens to different coins. The government only wants fairness for the benefit of both parties, especially the investors.

I don't see it causing panic or affecting the coin to drop because it will be a good thing if the owner of tether do a disclosure as required by the US government. Investors want confidence in their hodling to be sure of it. The effect can only come if they refuse the obligation then they could have the same scene as that happened to Luna.
887  Economy / Trading Discussion / Re: Fundamental or Technical Analyst. Which one are you? on: September 23, 2022, 01:54:20 PM
I don't believe the most important thing should be the kind of trader that you are but you need to know how to understand the knowledge that you have and put it into practice in trading. If you are a scalper, day trader or swinger all you need is to manage your account and increase your profitability. Risk management is important for all kinds of trading style. However to trade using technical and fundamental is good to balance your trading skills.
888  Other / Beginners & Help / Re: Manipulation looks like on: September 22, 2022, 10:41:03 PM

So to the newbies, first, avoid signal channels. They're mostly just using you. Second, if you want to trade, choose coins or pairs that have large volume. Manipulation is a hard thing to do when there's high volume.

This is a good advise. All that glitters is not what you think them to be, telegram groups are mostly out there for selfish reason and personal gain. They only advise you to buy while they are already selling  that will bring you losses and the coins won't get up back to fit again except the coin has volume and tradeable then we can expect a recovering.
889  Economy / Trading Discussion / Re: Trading = Analysis - (Instinct + Emotions) on: September 22, 2022, 03:50:53 PM

A professional trader will always have a time management, self control, consistent, and doing various analysis.


True and those are the qualities of professional trader but this is not always the situation with trading because you have some news or impromptu fundamentals that were not taking into analysis like information, news and they hit the market while you were already in a trade and that will definitely change the parameter of how the trade was going, now emotion will come in .


My advice is to ignore any instinct and emotions you have if you're want to become a professional trader, try to be more objective.

Instinct are not to be ignored but we are to manage the capacity of trade we have and to use stop loss.
890  Economy / Trading Discussion / Re: The Signal to Start Trading and the Signal to Close Trading on: September 22, 2022, 03:00:36 PM

MetaTrader 5 is one of the basic trading apps for beginners.

MetaTrader 4 also is nice. It is more elementary for beginners than MetaTrader 5 that has more advise configuration although that is also good if a newbie is starting with it and getting use to it because the market is getting more technical. I still prefer MetaTrader 4. However in comparison there are no much difference in them.
891  Economy / Speculation / Re: Bitcoin is a reliable store of value - what’s a reliable store of value for you? on: September 22, 2022, 12:54:44 PM
When I think of a store of value, I think real estate. It’s hard to make a case that all the materials used, included land, and the use case of a home is not valuable. The only thing that hurts real estate as a store of value in my opinion is the upkeep costs including taxes. That is why I feel precious metals are also a good store of value. When I think of stocks and Bitcoin, I think growth potential, not store of value.

The taxes in homes or real estate are to be considered as maintenance not real a cost because if we look deeply the estate appreciation value is not stagnant. The house you bought for $3 million dollar this year won't cost lesser two years in the future. This is also like bitcoin, metal or stock that hodlers enjoy during volatile but estate has lower risk especially when insured.
892  Economy / Trading Discussion / Re: Trading = Analysis - (Instinct + Emotions) on: September 22, 2022, 10:44:50 AM

Mistakes are inevitable but as the time passing by then you would really able to lessen out due to experience.

Don't have the notion that there will be a time when there will not be mistake even as an experience trader because if there is no mistake that means we continuously having a perfect market which is not possible. We rise and fall in trade because of mistake. No winning always but better profit than losses is the reason some traders are still in the market and others gave up.
893  Economy / Trading Discussion / Re: Trading = Analysis - (Instinct + Emotions) on: September 21, 2022, 04:10:01 PM
Emotion is a big challenge to traders but if you have traded a long time the mistakes pushed out or caused by emotion will be reduced. Instinct is used more at the area of support and resistance to know when the break out has fully formed, coming on that support trading doesn't really mean you have sell when it is broken immediately likewise the revise for resistance because there is retest that can happen many times and the market revise back till the next week so if you are unluck to dive in, you are probably going to lose.
894  Economy / Trading Discussion / Re: Binance trading activity is 13x larger than any other exchange on: September 21, 2022, 01:29:01 PM

Have the rules changed? It used to seem like KYC was used as a condition for Withdrawing for larger amounts.

I think that KYC think was a requirement for most account holder and it also has some limitation of how much worth of btc can be withdrawn at a time, I think probably 0.6 in btc or something close to that I can't remember clearly. But apart from that I don't have fears with Binance, so far I have not heard of issues although it is wise to go with caution, it still a centralized exchanged.
895  Economy / Trading Discussion / Re: Gathering a team for joint trading and technical analysis on: September 21, 2022, 11:48:05 AM

In a team there will be no subordinates and chiefs


Not true because a business or gathering of people must have different stratas and cadar that will play different rolls and assignment to the progress of the whole unit. Therefore, if you say such, it means you don't understand exactly what you are saying or you just want to sweet tongue people to send pm to you and you start your nefarious activities from the pm. No everyone is not the same and can't be equal.


we all will be united and will help each other,to protect each other from rash actions


There is no guarantee for that. Assembly of people doesn't really go as planned because of different ideas, interest etc. No matter how positive it is, there could be rift somewhere, even stake.com casino can be used as an example as the partners having little allegation issues.
896  Economy / Trading Discussion / Re: How can all (or most) cryptocurrencies rise and fall at the same time? on: September 20, 2022, 01:34:20 PM

After few corrections this trend is also seem to be disconnecting from the bitcoin as different coins are invested according to market situation and then that particular volume determines the exact trading chart pattern thereafter. Not sure if this logic is correct but it's not disagreeable either.

The trading volume of bitcoin do determine what happens in other coins and this is why the fall of activities or price in bitcoin bring same drop in most coins except few coins pumping by the group. What happens is that during the halving you see bitcoin investment increasing higher and the spillover is felt in altcoins investment, so all the coins go in green but when bitcoin drops, the same thing happens.
897  Economy / Trading Discussion / Re: What is happening with Crypto market on: September 20, 2022, 10:24:16 AM
I am now curious why the Bitcoin price is dumping now when the inflation rate is rising. At first, I believe that Bitcoin solves this and that Bitcoin is somehow the best solution against inflation for now but we saw the opposite side.
This seems really the effect of a bear market which even though the market tries to recover it's really having difficulty.

Well sir these days i have sceen many posts related to inflation and questions about the BTC Standing against the inflation currently I'm not sure about anything but I'm trying compile a topic as maximum of BTC Discussion is about the BTC on Inflation so lets see what i can find current research and analysis says long story short that BTC is not a perfect anti inflationary solution but it can be for the Long run.

Moreso is there a relation for dollar increase to bitcoin fall in price. Yesterday dollar was a little weak against base pairs then bitcoin had a little rise but today the revise is looking to be the case now that dollar is gaining some strength then bitcoin is dropping gradually and before the night fall if dollar denomination continues then the price of bitcoin will go on depreciating.
898  Other / Politics & Society / Re: High inflation is causing GLOBAL protests on: September 18, 2022, 09:16:25 PM
The government and its cabinet ranks must understand the situation in their country and have an appropriate policy in rebuilding and restoring their economy. not by raising the price of goods and tax rates for the lower classes is the same as torturing their own people. I don't care about the various reasons from the cabinets in the government if they can't serve the people in this crisis then they have failed miserably in building their country.

The government is not giving much attention to food and the products are all going higher than what it was 5 years ago. Most country's economy is going down eaten by the high inflation and this is caused by misplaced priority in policy making. I think wars are part of the reason for inflation because in Russia and Ukraine fight, there are no maximum production going on there and that can affect much of what other countries need which will be in shortage and the few remaining will be purchased in high price.
899  Economy / Trading Discussion / Re: Earning From Trading Without Any Professional Knowledge on: September 18, 2022, 07:53:43 PM
<--snip-->

Trier and error is not trading because you will end up losing the money you are trading with at the end of it all.

Actually it isn't trial and error method. However it's an automated trading where bot will buy low and sell high and we won't need to be monitor the market at all. Like i previously said, i already used grid trading and made profit from it without any stress or monitoring the market. Also it's for long term hodler, not for quick profit makers.  Wink


Is the profit that you make from the bot regular ? Sometimes we think that bots do a clean trade but usually it is not that way. If you are making a reasonable margin of profit using bot then you are good. Longtime hodlers, quick dumpers or traders are suppose to give some measureable profit margin only for you to decide on what to go for.
900  Economy / Trading Discussion / Re: Earning From Trading Without Any Professional Knowledge on: September 18, 2022, 03:50:30 PM
I do want to know if it's possible for a starter to gainfully earn from Crypto trading without having to go through a professional training.

It's possible if you are having huge funds and here for long term. Just start with grid trading and you'll be able to gain great profits. I already started and made good profits with small amount. In the meantime, learn about TA and FA to have better future in your trading.

Trier and error is not trading because you will end up losing the money you are trading with at the end of it all. Go and learn properly, there are online trading courses or lessons that you can take so for you to understand the trading techniques better. There are times that the market will confuse you with alot of volatility. Trading is never an easy way to make money otherwise everyone will go trading.
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