Be a newbie trader. I avoided losing money. how?

[anhchangdeptrai13]

When you are a newbie you can refer to something on tradingview.com
1.Technical:

RSI (Relative Strength Index) (14): RSI <30, oversold => should buy. RSI> 70 - overbought, you should not buy at this time.
Fibonacci: There are Support and Resist. When prices hit the S, P, R levels, the price will rebound, so You pay attention around S, P, R levels.
You should buy (support) and sell (resist) around these areas.

2.Chart:
The result is Bollinger Bands.
You can refer to the Bollinger Bands here: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands

These are just some of the simplest indicators for beginners to trade as they are to have safe levels, avoid losing money.
I am also a newbie sharing knowledge so expect people to help. Thank you for reading  

[1714194757]

1714194757

[1714194757]

1714194757

[1714194757]

1714194757

[1714194757]

1714194757

[1714194757]

1714194757

[1714194757]

1714194757

[nightways]

When you are a newbie you can refer to something on tradingview.com
1.Technical:

RSI (Relative Strength Index) (14): RSI <30, oversold => should buy. RSI> 70 - overbought, you should not buy at this time.
Fibonacci: There are Support and Resist. When prices hit the S, P, R levels, the price will rebound, so You pay attention around S, P, R levels.
You should buy (support) and sell (resist) around these areas.

2.Chart:
The result is Bollinger Bands.
You can refer to the Bollinger Bands here: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands

These are just some of the simplest indicators for beginners to trade as they are to have safe levels, avoid losing money.
I am also a newbie sharing knowledge so expect people to help. Thank you for reading  

This is really a good thing that you have managed to learn so many things before even getting into the world of trade. It is rightly said that if you will keep on getting more and more knowledge and awareness regarding the things before starting your trading carrier and even after that, you will no doubt be able to make some very good carrier in trading and that it will help you in making of a huge money too.

[Leonard2016]

that was a good information , and i'm also think every one needs to learn before trade , but Fibonacci analysis is more than that , It's about Fibonacci series in mathematics and golden points , A complicated method but very intersting.

[givinggirl]

Learning is continuous and I have learned from this. For most airdrops who earned their tokens from airdrops, they find it unnecessary to learn trading rather is to find out where a coin is listed and jump to sell. But like ever other skills, Crypto trading needs learning and mastering the skills of trading. Once again, thank you for sharing.

[fibrolit]

When you are a newbie you can refer to something on tradingview.com
1.Technical:

RSI (Relative Strength Index) (14): RSI <30, oversold => should buy. RSI> 70 - overbought, you should not buy at this time.
Fibonacci: There are Support and Resist. When prices hit the S, P, R levels, the price will rebound, so You pay attention around S, P, R levels.
You should buy (support) and sell (resist) around these areas.

2.Chart:
The result is Bollinger Bands.
You can refer to the Bollinger Bands here: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands

These are just some of the simplest indicators for beginners to trade as they are to have safe levels, avoid losing money.
I am also a newbie sharing knowledge so expect people to help. Thank you for reading  

From my own experience, I can say that forecasts, even based on numerous analyzes, are very often incorrect. I read a lot of tradingview, I was subscribed to by many groups in Telegram, I read many other sources and interviews of well-known traders. Result: forecasts are justified by a maximum of 20-30%.

[abanansah]

Avoiding losing money is not something you can control , the market determines weather you win or lose and not understanding technical or fundamental analysis.

[websoftwareengineer]

Avoiding losing money is not something you can control , the market determines weather you win or lose and not understanding technical or fundamental analysis.

Its true that you cannot control losing money every time you trade because the market price is volatile so it was always good to study how the market works before investing a huge amount.

[Lakai01]

Indicators like RSI should be used exactly as their name suggests ... indicators. They are far from being a safety net or something which indicates a safe trading area. If it would be that easy most of us would be rich already ;-)

I noticed that such indicators work way better in the traditional market than in the crypto market. The latter is way more news and fud driven in my opinion, something which no indicator out there may predict.

[MrPiggles]

Avoiding losing money is not something you can control , the market determines weather you win or lose and not understanding technical or fundamental analysis.

It is difficult to make a profit in this market because good news and bad news constantly appear in one day. I think losing money is inevitable because it is a time when you will have more lessons to be able to survive in this market. Most people leave the market because they are increasingly depressed about their investments

[itscomplicated]

Add MACD(Moving average convergence divergence) to your list,
Traders use the MACD for determining trend direction, momentum and potential reversals. It is used to confirm trades based on other strategies, but it also provides its own trade signals. Figure 1 shows the MACD applied to a daily chart of Apple (AAPL) stock. Two lines compose the MACD: the MACD line and Signal line (https://traderhq.com/)

[gabmen]

When you are a newbie you can refer to something on tradingview.com
1.Technical:

RSI (Relative Strength Index) (14): RSI <30, oversold => should buy. RSI> 70 - overbought, you should not buy at this time.
Fibonacci: There are Support and Resist. When prices hit the S, P, R levels, the price will rebound, so You pay attention around S, P, R levels.
You should buy (support) and sell (resist) around these areas.

2.Chart:
The result is Bollinger Bands.
You can refer to the Bollinger Bands here: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands

These are just some of the simplest indicators for beginners to trade as they are to have safe levels, avoid losing money.
I am also a newbie sharing knowledge so expect people to help. Thank you for reading  

These are basics that newbies can learn a lot from though application is also very important. That:s why aside from doing studies and rsearches and keeping yourself well informed about the essentials, you have to familiarize yourself with what you're doing.

[Sadlife]

One can learn trading if they decide to manage and add time in learning the basics to advance of trading im also a newbie so it's nice to see someone sharing good info about price analysis. But im surprise your still a newbie but you've manage to learn so much in just a short amount of time. I dont even have any idea about support and resist. I just know some basic indicators.

[Indrawan77]

That is a great way to start, but always remember trading indicators can't be rely 100%, and I think the best way to start is by learning candlestick and price action, it can be tricky when you used too many indicators for beginner, and don't trade because of the greed, always check the chart dont blindly following other traders advice

[JoshKulot]

We all here doesn't want to loss money. For you to not loss money don't risk your money on this. Just trade if you have a lot of money to trade and invest in on a particular project but if you doesn't have that enough money you can join on different airdrops and bounty for you to have some coins and tokens to trade in.

[Moiyah]

You have to be attentive even if you are using a simplest I indicators like RSI. When Whales got to manipulate the market, even the indicators you've mentioned are useless. Anyhow, being attentive when having an entry in trading will further help you more to cut loss if ever or to exit immediately when you already profited.

[eaglewhite80]

We all here doesn't want to loss money. For you to not loss money don't risk your money on this. Just trade if you have a lot of money to trade and invest in on a particular project but if you doesn't have that enough money you can join on different airdrops and bounty for you to have some coins and tokens to trade in.

Trading is not about having a lot of money to trade, it is about having a lot of knowledge to trade. Without that, with less or more money, you are bound to fail any which way. It is a good thing the OP brought out some of the things he has learned, which is more of price action at some certain point and a good way to go for any trader. However, there is still more to it, when it comes to stopping loss and market deciding to go against your perception.

[Bitchef2112]

Thanks for the info, just don't forget the fundamental analysis too

[waqasniaz007]

That's good strategy everyone should learn before entering in trade.  Trading is high risk and newbie with less knowledge can loose his money
 

[Slash61]

I'm sure losses will always be in market position like this, because there will be no clear calculation for the future.
The excellent ingredients given to everyone, hopefully apply it after entering the trade with a fast heartbeat position, the simplest is to buy at a low price and resell at the highest price, most of the rules I'm sure it's not too 100% to get profit.

[Hui8]

I think its not the best way to go for your trading action. Im not sure whats making you so much reliable over such websites who make technical analysis about the crypto trading. You are new and you will soon find out that crypto currencies are far more unstable than what they look like today. These currencies are changing in values all the time depending upon various facts around us. The news, progress of project, investor relations and much more. In such case technical analysis always fails mate. So rely on such sites but dont rely too much.