|
If you are a beginner, use $50 as your first trade. Then trade with the Spot strategy, you have to patiently wait. if you make a profit of the main amount $50 you are allowed to open a sale, this is your first trade so you should enjoy to avoid losses. The spot strategy is suitable for beginners, and I used this when I was new to crypto trading.
|
|
|
|
What are some of the best ways to learn more about trading?
If you have learned the basic steps for trading, you should continue trading first until you find an error in trading. Trader's habit to expand trading knowledge if something goes wrong that doesn't match the initial target. Market conditions are very difficult to predict, it takes concentration, knowledge and experience for us to re-analyze. I think trading skills are born when you have been through trading experience, which means it all takes time and patience. |
|
|
|
|
Prioritize the instructor. The instructors we choose for online courses are able to teach members with proven skills for trading success. If we have spent money on learning and practicing skills, we really need to find an instructor who is experienced and has extensive market knowledge. In addition to being paid, we can also learn for free on YouTube
|
|
|
|
Note: In SPOT trading, you can never lose your coin, the worth of your coin can only reduce but your coin remains to rise again in worth when the market goes green.
Choosing which type of trading you venture into depends on the trader and how much patience they can adopt. Both are risky and risky if a spot trader lacks patience and discipline they might sell the dip out of fear and still run at loss. Like wise a future trader who would lose of their prediction doesn't match the direction of the market. Non of the trading types is easy not even margin trading which is even more deadly for a starter or even a professional trader because most times since you are trading with assets that was given as a loan you might apply greed so as to raise a person capital Yes, that's right, mental stability is really needed in trading. Never panic when the price drops, it will make traders sell it so fast when the market goes down. By buying a good ALT, then we just need patience to wait for the market to rise and sell it when we get a profit by holding to avoid losses. |
|
|
|
|
This book also adds extensive knowledge as a reference in trading. Before entering the trading room, one of the places to gain knowledge is from books, although tutorials from youtube are easier to listen to, but according to your own beliefs should also know trading techniques from other places such as books. And books are written by people who are already professionals with the market.
|
|
|
|
|
If you think the risk is too big as you describe makes everyone stop using crypto. Especially when it comes to law. I'm just worried that bitcoin users are just speculating, have no trading knowledge and techniques. And I believe cryptocurrency in the future will be more developed and its users will also be more and more.
|
|
|
|
|
I think leaving the trade is not the solution. After experiencing a loss in trading, as a trader should make it an experience. Losses are always a major problem in trading, so as a trader you have to practice your skills and implement better strategies.
|
|
|
|
|
Yes, countries don't legalize bitcoin, but all countries in the world don't block bitcoin trading exchanges. meaning that everyone is free to use bitcoin, both long-term investment and short-term trading. if you mean bitcoin cannot replace fiat in any one country for a period of 12 years. for me, this is also not a problem. countries and bitcoins do not operate under the same legal umbrella, so countries and bitcoins are not related at all.
|
|
|
|
|
I can't say that this trade is not for children, but it is for people who have consistently learned and trained themselves to have skills in trading. Meaning, if kids of that age can use Crypto and have expertise in trading, for me it's fine. As you said, the most important thing is patience and don't rush into trading.
|
|
|
|
It is very safe to trade with support resistance but when we learn to trade we forget it after learning it or we are not interested in using it. But the use of support and resistance is very important in trading. Many of us run after strategy and forget or ignore the use of support resistance. The market always respects support and resistance or breaks out and moves in an up or downtrend.
I urge new trades to learn to draw support resistance with great care and observe the market to see the results for yourself.
I agree with you, support on the chart becomes the reference for future market movements and resistance provides support for the downward chart. Actually this is a simple technique for traders, the most important thing is for each individual to continue to educate about trading skills so as not to get caught up in determining when support occurs and when resistance occurs. |
|
|
|
trading is more suitable to be called a job, not a game or anything. because trading has capital, buying and selling systems and also a variety of techniques. Trading must be carried out according to these techniques and cannot be considered a game because it has a big risk
I had the same thought, I never once considered trading like a game. Because I do not trade for entertainment, but to make money like we work. So I'm always careful when making decisions when trading, because I don't want my capital to be wasted. Trade as best as possible by analyzing first, then controlling emotions when trading, so that it is easier for us to make profits. Yes, we have the same principles in trading. Trading is also a job, the profits and losses are determined by skills in trading. For me trading is a second job, meaning I have a real main job, with a steady income every month. So in trading also has income, but what distinguishes trading has a risk of loss. then it is not correct to say trading is a game. |
|
|
|
I think trading skills is not the right word. It is only you can say experienced trading. Who are more experience in doing trading they know everything about trading because experience says all.
Experience is the best teacher, what you say is true. Before having experience everyone has learned how to trade techniques, so they have good skills. So when you say skills are not required, I think you are wrong. It is precisely the skills that are most important, because the market situation when you traded in the past would not be the same as it is today. Are you also using the old way? In my opinion, update your trading knowledge and strategy. |
|
|
|
|
Before getting into real trading, it's a good idea to practice on a demo account first, learn trading techniques and analyze how the market will develop in the future. All need concentration and patience to increase knowledge in crypto. Not only that, almost the average trader has had a bad experience. Of course you don't have to go through anything bad, so you should learn more and practice the skills you already have. Then trade from small capital, if there are some mistakes in your analysis, you have a lot of opportunities for your first capital.
|
|
|
|
Well, I don't believe that a social movement has to have a formal organization behind it and this is proven by Bitcoin right now. Or we can say that Bitcoin is a decentralized social movement...that can be the right term. Now, if the idea is to have an organization behind it because it is a social movement, that will be against the very idea of Bitcoin itself so in other words it would be a contradiction in itself. Bitcoin succeeded because of the people who believe on it and this will be the same throughout its existence.
Yes, it is true, social movements do not have to have a formal organization. And speaking of contradictions with the Bitcoin idea, I don't think it is. If Bitcoin has to form a formal organization, it can too. Bitcoin economically has provided many benefits to its users and financial freedom was felt by those who held holdings in the past. This means that Bitcoin is trusted by many people and also provides many benefits for everyone. |
|
|
|
Getting into trading and before trading knowing most of the trading strategy can give a plus point to every beginner. But the main thing is experience and taking control of the losses, as making loss is a step towards getting profit because from the losses even you can learn a lot and can be able to get more and more advantages.
everyone wanted to if possible from the beginning always wanted to succeed but instead I agree with my friend that when you experience a loss it is a very important lesson, so you can not do the wrong thing a second time. must be remembered as well as made mistakes that have been made, a very useful lesson. When entering a trade, one must prepare as well as possible what steps to take, because the analysis should not run from estimates and require high patience and do not panic quickly because it will affect what actions we will take. by continuing to dig and try then by itself experience can form by itself. No one wants to lose, of course everyone wants to be successful. Trading skills are the key to success in crypto. Trading with small capital and big capital if have no skills at all, this will also be in vain and very close to loss and also if Trading based on instinct will also be a big risk, all need good analysis for good results too. One more thing that is important is risk management, because this technique can minimize the risk of loss. |
|
|
|
Hi guys I’m new to the forum and I’m new to the crypto world.
I would like to know if there is some method on how to understand when the market is going to dip or when the market is going to pump.
Thank you in advance to all of you
it is very difficult to determine market conditions, but what I do is when the market chart already has one resistance and when there is a second resistance, I predict the market will dump. Likewise with the occurrence of this pump based on support one and support two. this can help me to more easily see future market movements. |
|
|
|
|
For me, trading is not my main job. So I use half of my time to trade and the other I use to complete the main work. In fulfilling daily needs, it is very important for a trader to have another job, because we do not always get profit in trading. So when bad things happen then we also have income for daily needs.
|
|
|
|
How will this impact Bitcoin and other cryptoprojects?? What do you think guys what do you think will happen ? common sense , china is a huge country and has a huge influence in cryptos so if crypto is banned on thier country , people cant buy cryptos anymore . its either the price of cryptos will now be more stable or will fall down if ever china people have given a chance to sell before the ban happens . not only that but some people outside china will also worry and sell too but lets not be like them because cryptos will surely recover soon or the ban will get lifted again. How can you be sure that China has a big influence on crypto? China has repeatedly issued regulations that crypto transactions are illegal in their country. But what happened was that there was no influence at all with crypto, crypto was running as usual. Even though there are Chinese people who have assets in crypto, I don't think they need to rush to sell them, they are enough to hold them because exchanges don't block Chinese people owning crypto assets. |
|
|
|
I want to invest in crypto.Suggest me some coin for mid-term Trading...!
Take a look at ETH and BNB. I advise you to invest in this Altcoin, talk about the reasons why you should use ETH or BNB of course both of which are most in demand by investors and the price is also affordable. If you have big capital invest in Bitcoin in the long term. if you are not interested in Bitcoin then ETH and BNB as bitcoin alternatives. I think it suits you. |
|
|
|
|
Show Posts
