TEN Crypto Trading Lesson.

[CryptopreneurBrainboss]

Crypto trading is very different to learn compared to the forex market where there are free trading strategies to be used immediately by newbies and then from there they can just learn how the market works. The Crypto market is different where traders learn from scratch while the project teams can be hostile to their investors as well.

Obviously, the forex market has been around for centuries and the crypto market is barely just over a decade old, not just speaking about the creation of Bitcoin but when crypto trading became a serious profession that one can embark on for daily earnings. With time the crypto market will catch up and all there's in forex like the free trading strategies etc will be available for crypto currency. For now everyone is just experimenting which is why any guide out there shouldn't be followed blindly as they are usually just personal opinions and not proven facts.

10. Give yourself time to learn the art before you expect profits from it. 3-4 years is a rational time to. Learn a new skill. Remember this.

From all that have been said, this is the part that caught my attention the most, Time is a very powerful factor as with it you can accomplish things you wouldn't have believe to be possible years back. There's no patience in this industry and that's our number one enemies. Those who have understood the significance of time have profited the most over the years and we should learn that as well if we want to succeed. Don't be in a rush to make money you'll probably squander, give the learning process time to master the skills.

[Zilon]

I strongly buy into 4. And 8. 4 which states the best indicator that could be most reliable. Buying at support and selling at resistance is just a secure way to make good profit trading like wise 8 which advices on chasing missed trade it could be too dangerous and could also be a big market trap. Just the same way joining a moving train could cause damages so is the case trying to chase a trade. If you miss it let it go

[Oshosondy]

I really like the number 10 lesson, which really talks about consistency and dedication, this is one of the most mistakes of newbies, they intended to stop after a few trades or don't have consistency, and keep complaining.

Because some people left trading is the reason they were able to get successful, trading is not the only way to make it in life, if some people were dedicated and continue to lose and leave it for holding or others part of life that can make them successful, there is nothing bad to leave trading then. That is why new traders are advised to use the amount of money they can afford to lose for trading, so at least if they lose, it won't be much and if they continue to lose, they can decide to continue to trade or not.

Crypto trading is very different to learn compared to the forex market where there are free trading strategies to be used immediately by newbies and then from there they can just learn how the market works. The Crypto market is different where traders learn from scratch while the project teams can be hostile to their investors as well.

You have said it, best for new traders to trade bitcoin instead of altcoins that can easily liquidate their money. Some altcoins can be manipulated also in a way if not favoring the direction of traders, it will cause money used for the trade to finally be liquidated.

I strongly buy into 4. And 8. 4 which states the best indicator that could be most reliable. Buying at support and selling at resistance is just a secure way to make good profit trading like wise 8 which advices on chasing missed trade it could be too dangerous and could also be a big market trap. Just the same way joining a moving train could cause damages so is the case trying to chase a trade. If you miss it let it go

I do not use indicator, but I can easily know the support and resistance level, like recently the support level for bitcoin is around $38000, it was around $37500 two days ago. But this does not mean the market can not go other way in an extreme volatile market, but this can help many times.

[Mpamaegbu]

4. Which indicators to use? Horizontal S/R is the most logical kind of tool
8. If you miss a breakout, don't chase it.

Source: https://twitter.com/EmperorBTC/status/1486348522408808457

I like those two. They're really instructive for me, and that's true. The best points to trade from are Support & Resistance and Breakout (BOs). However, it's not good to play catchup with the market once one misses the bus. Wait for another. There are many others approaching. But anxious or noob traders think every missed opportunity won't repeat itself. Don't rue a missed Break Out. There are always countless BOs waiting to be taken.

not everyone likes to hear the prosperity of another

Anyone who does that has the spirit of witchcraft. Whether they argue it or not, that's what they have. Teaching someone how to earn to prosper shouldn't light up jealousy in anyone. After all, the air is too big for every bird to perch. But I get your point. I've also observed that attitude in people, both those around me and those online.

[Anguwa]

These trading tips and advice sound very good, and they're probably the right direction for new traders. I find these tips very encouraging because I can see some of the mistakes I've made and some of the things I've overlooked while trying to make a profit, and I've also learned the value of taking risks. Such advise is excellent and I recommend it to all beginners in cryptocurrency trading in order to minimize loss.
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[palle11]

and I've also learned the value of taking risks.
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Take note that it is not all risk that is valuable and worthy to go after. Like number 8 of Op talking about not chasing breakout, this is risky to do because you can take the risk of chasing the market but it goes back against you. Break outs are very risky to trade, anything can happen with such and is better not to take a risk that you can not recover from in a longtime.

[andriarto]

and I've also learned the value of taking risks.
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Take note that it is not all risk that is valuable and worthy to go after. Like number 8 of Op talking about not chasing breakout, this is risky to do because you can take the risk of chasing the market but it goes back against you. Break outs are very risky to trade, anything can happen with such and is better not to take a risk that you can not recover from in a longtime.

but before we trade, of course we have taken into account the support or resistance area, if there is a breakout later, of course there will be a change in trend. and I think we have to understand this in order to be able to do a cutloss if the resistance is broken by the breakout candle. therefore this is where what is meant by trading is an opportunity, and if we are wrong with the initial strategy then we can run other strategies, according to the market that is happening

[tippytoes]

These trading tips and advice sound very good, and they're probably the right direction for new traders. I find these tips very encouraging because I can see some of the mistakes I've made and some of the things I've overlooked while trying to make a profit, and I've also learned the value of taking risks. Such advise is excellent and I recommend it to all beginners in cryptocurrency trading in order to minimize loss.

The last item - 10 - stated that about 3-4 yrs time is the logical time to expect profit. This is where a lot of traders, new traders in particular, are thinking it wrong. Because most of them want their profits at the very start of their journey. They thought getting on board in crypto market is an easy peasy work. And then, they realized that there's more than meets the eyes in this market. One needs familiarity with the market especially the coins he decided to get involved with. It is also a matter of time before one can grasp what's going on in this market.