Technical aspect in trading

[gabbie2010]

Are you trading spot and in a hurry to not pay attention to the rate of decline in the price? You have plenty of time to deal with it all if you've already lost a lot. Try to play with safe trading. To temporarily avoid spot trading. Use a timeframe for price movements such as one week. While learning all the basic indicators in trading.

What technical skills are you looking for because if you are talking about a trading predictions tool you should rest assured that you may never find any technically proven trading signal. But you I'm an develop good trading skills on your own from your own experience over time.

I develop my own trading skill without laying much emphasis on too many indicators in the name of Technical Analysis, I dwell mainly on studying candlestick patterns, with MA only to determine the trend of my trade, the shape or formations at the close of the candle is the main yardstick for taking a trading decision basically we have some notable candlestick patterns formed in chart that signals reversal or continuation of price, once the OP can master all these things trading won't be that difficult however it takes a lot of charting hours to achieve it.

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[maju69]

If you use spot trading, maybe you should try copytrade as traders often share their trading technicalities, this can help a little. But not to continue using this method. You also have to really learn what to do if you want to focus as a spot trader. That is the risk that has a different level with futures trading.

[UmerIdrees]

If you use spot trading, maybe you should try copytrade as traders often share their trading technicalities, this can help a little. But not to continue using this method. You also have to really learn what to do if you want to focus as a spot trader. That is the risk that has a different level with futures trading.

Do you know any good trader who share his trades ? As far as i think no trader share their trades for free. They have their premium group in which they give signals and not all of those signals are successful.
Better learn the technical analysis yourself and stop being dependent on other trading ideas.

[Tessnik]

If you use spot trading, maybe you should try copy trade as traders often share their trading technicalities, this can help a little. But not to continue using this method. You also have to learn what to do if you want to focus as a spot trader. That is the risk that has a different level with futures trading.

I have tried trading technics and it did not work it all get me loses at the end of each trade I was trading on the spot, I need something like a trading signal that will help position my trade on an advantages position.

[RILWAN]

Have you been in a hurry for buying some coins? Like that many of the users who didn't have experience about trading, they lose many money at the start because of their own trading faults. The main issue is having zero knowledge and most reliably having no patience at all, so this will lead them to a big loss sometimes and make it happen for every time if it will not made better.

I lost practically everything to spot trading in the last couple of days, but have learned some season from that but in all I believe we have to be patient and grow your skills gradually. Inpatient can lead to huge losses and this has been the experience of many newbies.

[zaesvlas]

I'm just wondering if you put that kind of money into work, but haven't studied enough aspects of working in this industry? Unfortunately, this almost always leads to this outcome.

[ipanks]

If you use spot trading, maybe you should try copy trade as traders often share their trading technicalities, this can help a little. But not to continue using this method. You also have to learn what to do if you want to focus as a spot trader. That is the risk that has a different level with futures trading.

I have tried trading technics and it did not work it all get me loses at the end of each trade I was trading on the spot, I need something like a trading signal that will help position my trade on an advantages position.

If you are not in a rush, I suggest trying to buy when the long red candle appears with small money and try to hold it. Do not attract to sell if the price just increases for 1-5 satoshi or 0.000xx USDT but you can consider selling the coin if the price can increase for more than 10-15 satoshi or 0.00xx. That will depend on the coin itself.

For example, you want to buy LTC. The price now is at $189 and the red candle is come but not for a big candle so you need to wait or you can place your order buy at $185-$187, just divide to many order buys. Just wait or leave it all the way and come back to check if your order buy is filled or needs more time. When the order buy is filled, you can prepare to sell at a high price. Maybe that could be at $191-$195. If your profit is small, that will still be good because at least you can get profit. If the situation is good, you can repeat that and make another profit.

[SquallLeonhart]

Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

All you need is a demo account and your time. There are crypto exchanges which enable you to trade with fake-money to get familiarize yourself against their trading environment and all other aspects of trading. But the only thing, you may get lagged is your emotional part; still you could make it up if you are dedicated and imagine yourself like you are into real trading then you will start learning all the tricks of trading which includes emotional aspects as well.

The coin you are using is also matters, bitcoin is the best, try to study a particular coin and enjoy trading.

I am not having any second opinion on this. Trading bitcoin against a stablecoin or fiat is highly recommended and if anyone wants more trading pairs then they may go for trading altcoins against bitcoin which are having consistently good volume.

[Mpamaegbu]

I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.

Your comment here is ambiguous. It's not clear where you didn't mention how much was invested but you told us how much was left. What percentage of the capital did you suffer as loss so we know what we are dealing with here. Trading is about loss and profit. We don't expect it to always end in profit. Loss is a part of trading.

Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

For Technical Analysis (TA), stick to leading indicators like trendlines and pivot points as against lagging indicators which are often the ones generally used.

[proTECH77]

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

Knowledge and experience are very important skills you need to use to make your trading successful in the market. It's the experience you acquired from the forum that will make you not to invest such of huge amount of money in a particular trading. Knowledge will also direct you to trade when it is time to start trading in the market that will lead to profits earning in the market.

[geegaw]

If you use spot trading, maybe you should try copytrade as traders often share their trading technicalities, this can help a little. But not to continue using this method. You also have to really learn what to do if you want to focus as a spot trader. That is the risk that has a different level with futures trading.

Many traders do not have the ability to abstract and absorb the technical aspects and when faced with a few lines explaining the techniques applied on the chart, they get dizzy and have a headache with a mess in their head, sometimes they need to rely a lot on sharing from the better characters in this matter and that is a shortcoming of them. But changing perspective is my initiative with these people, they're not technically strong but they can be strong at the basics, don't necessarily choose the technical path to be successful, can consider it as the best complement to the basic initiatives

[SquallLeonhart]

I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.

Your comment here is ambiguous. It's not clear where you didn't mention how much was invested but you told us how much was left. What percentage of the capital did you suffer as loss so we know what we are dealing with here. Trading is about loss and profit. We don't expect it to always end in profit. Loss is a part of trading.

The worst part is that we do not know what he bought and suddenly lost that much money. For me 200 bucks is not a bad place to start, you will not suddenly become rich and it depends on your nation. However, if I can save 200 bucks per month then I would be considered a rich person in my nation. It doesn't happen at all because not many people make enough money to live and then end up putting money aside as well and hope that it gets better, because most people in my nation lives with 300 bucks salary and that is the biggest problem.

What I believe he did was that he lost a bit of money when his trades went wrong and he sold them instead of waiting. If you just sell when you should be holding then you are going to lose a lot of money. If he showed his trades then we would basically be able to see what he did wrong and can tell him what he shouldn't do.

[sana54210]

Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

By tools, do you mean what are the technical strategies that you need? Or you mean resources that will help you to learn and practice all trading environment and aspects? Basically you must need all of these and good patients to keep your nerves down until you find yourself profitable against volatility of crypto markets. Building a good trading career is nothing but predicting market directions accurately.

The technical aspects of trading could not be learned or could be copied into our day-to-day activities in just one or two not two days of learning but it must need lots of time and practice. So, you must need to be regular for learning and that alone will help you on this regard.

[AmoreJaz]

I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.

Your comment here is ambiguous. It's not clear where you didn't mention how much was invested but you told us how much was left. What percentage of the capital did you suffer as loss so we know what we are dealing with here. Trading is about loss and profit. We don't expect it to always end in profit. Loss is a part of trading.

The worst part is that we do not know what he bought and suddenly lost that much money. For me 200 bucks is not a bad place to start, you will not suddenly become rich and it depends on your nation. However, if I can save 200 bucks per month then I would be considered a rich person in my nation. It doesn't happen at all because not many people make enough money to live and then end up putting money aside as well and hope that it gets better, because most people in my nation lives with 300 bucks salary and that is the biggest problem.

What I believe he did was that he lost a bit of money when his trades went wrong and he sold them instead of waiting. If you just sell when you should be holding then you are going to lose a lot of money. If he showed his trades then we would basically be able to see what he did wrong and can tell him what he shouldn't do.

maybe, at this point he already learned his first lessons in trading. it is hard to know what happened as we don't know what coins he traded with that he lost a lot of his money. usually, people lost in this trading when they bought the coin at its peak, and then sold when the coin is going downhill (owed to panic, fud, etc). and this will surely happen if unluckily, he bought a pumpndump coin or scam coins.
if you are a beginner, stick to top coins like btc or eth. start using small funds also as you are just gaining your knowledge in this area. you can't learn all the crypto trading tips & tricks overnight, it would take time even to spot pnd coins, or crappy ones.

[jostorres]

if you are a beginner, stick to top coins like btc or eth. start using small funds also as you are just gaining your knowledge in this area. you can't learn all the crypto trading tips & tricks overnight, it would take time even to spot pnd coins, or crappy ones.

Instead of suggesting top coins I will suggest about the coins which are having good volume (still you are right because top coins are usually having good volume).

The most important aspect of safer trading must be starting with small capital. I believe this is the important aspect where most beginners breach and then finding trading is too frustrating one. Small capital will ensure small losses because you're just a beginner in trading.

Unfortunately everyone wants to be a pro trader overnight which is the reason they are starting with big capital and then crying out when they are losing it.

[nelson4lov]

If you use spot trading, maybe you should try copytrade as traders often share their trading technicalities, this can help a little. But not to continue using this method. You also have to really learn what to do if you want to focus as a spot trader. That is the risk that has a different level with futures trading.

Copytrade isn't the answer to OP's problems. In fact, it might even make his experience more terrible as he would become reliant on other traders (if he isn't already) in order to trade and it shouldn't be like that. What OP needs right now is to learn technical analysis for himself and to understand and know the concepts. Only problem is that it would take longer for him to learn as opposed to just quickly copying trades or following people's analysis.

[Fatunad]

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

Start with small amounts
Try to be consistent despite of losses
Learn from your mistakes
Good risk management
Try to control your emotion
Dont easily get hooked with FUDS and Fomos

Technical analysis is good but it would be more better if you would partnered it with fundamentals but well
you would able to realized this as you do gain experience.

[TheGreatPython]

I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

Basically, what you expect TA to do may not happen. It is definitely true because the reality is that markets do wild moves that we have no idea that it would do. I hope that it would do what we expect it to do but the reality is that we should end up with something that would be a lot more realistic and predicted so that we could make some profit and that would be great but we are not seeing that at all and that is the reason why we are losing money most of the time as well.

Yes, it is not something great to lose money but if it was predictable then we would all make a profit and that is not going to happen, if we all make money then who are going to lose money to us while trading?

[worle1bm]

There are lots of technical analysis available in market amd and most importantly you need to be active and aware of some of the news that could affect the prices and set orders against them.Most of traders have huge setup to have a detailed watch and do most of the time and finds out which coin will benefit them.But all this will come with time and experience as sometimes expert also loses.

[FanEagle]

Most of traders have huge setup to have a detailed watch and do most of the time and finds out which coin will benefit them.But all this will come with time and experience as sometimes expert also loses.

You may go for higher end for your signal generation when you are successful in your trading as no one could afford such huge setup from the beginning itself. Huge setup are most for finding out where to buy and when to sell and may not for finding a profitable coin as all the coins with decent daily trading volume are definite profitable. So, you might need big setup only for your signals and may not for finding a coin.

it is not something great to lose money but if it was predictable then we would all make a profit and that is not going to happen, if we all make money then who are going to lose money to us while trading?

I guess there would be zero chances for everyone not to be losing. Because, even you will be right on finding the direction of a market, you cannot enter at the bottom but you may buy at any available prices and similarly you may sell at your own target which means you may not lose anything but when you are selling and someone will be buying at that prices which means someone does not need to be losing to get you profits.