Technical aspect in trading

[Silberman]

Before using all the aspects of the work that I know in trading, I practiced them on a demo account of the Amarkets broker. This option seemed to me the most correct.

Not a bad idea to test your trading skills on a demo account but once you start trading with real money there is a different kind of feeling and challenge you will face. I suggest you to start small no matter how successful and confident you feel on the demo account.

To master the technical analysis, we must need to gather as much as possible real time scenario. Only with real time market pressure, we could gain all the required things of trading which includes technical aspects and emotional part of risk management. Overall, nothing is possible over night in trading which is applicable to both preparation for trading and profits from trading.

Even if the principles are the same a demo account is very different to trading for real, and the reason is that with a demo account you are risking nothing but with a regular trading account you are risking your money, this means that it is very easy to trade a demo account since your emotions are not going to be engaged at all when you win or lose, but with a regular trading account your emotions will be heavily involved, which is why many people that have successful trading strategies cannot trade the markets despite that fact and lose their money.

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[Bhig Daddy]

You are most likely doing the same errors that newcomers do. Even I had lost a significant amount of money in the early going. I've learned from my mistakes and experience to thoroughly examine every coin before buying any.
Become knowledgeable about technical analysis, purchase the coin at a discount, and never, ever sell it at a loss.
Since you can only lose money when you sell at a loss, you must hold onto your diamonds until you are making a profit before closing the sale. The most effective technique is usually the dollar cost average.

[ItsCrafty]

First of all it is quite riskier to invest large portion of money at the beginning and other thing is that your concentration and thoughts should be focused on your aim. In my opinion you have to buy that coin about which you have surety that it will pump and will give huge revenue. Spot trading is riskier and it become more riskier when you use large part of money for it.

[virasisog]

Before using all the aspects of the work that I know in trading, I practiced them on a demo account of the Amarkets broker. This option seemed to me the most correct.

Not a bad idea to test your trading skills on a demo account but once you start trading with real money there is a different kind of feeling and challenge you will face. I suggest you to start small no matter how successful and confident you feel on the demo account.

To master the technical analysis, we must need to gather as much as possible real time scenario. Only with real time market pressure, we could gain all the required things of trading which includes technical aspects and emotional part of risk management. Overall, nothing is possible over night in trading which is applicable to both preparation for trading and profits from trading.

Even if the principles are the same a demo account is very different to trading for real, and the reason is that with a demo account you are risking nothing but with a regular trading account you are risking your money, this means that it is very easy to trade a demo account since your emotions are not going to be engaged at all when you win or lose, but with a regular trading account your emotions will be heavily involved, which is why many people that have successful trading strategies cannot trade the markets despite that fact and lose their money.

The emotional engagement that we have towards the demo account and the actual trading are too far different from each other. It feels different if we're already risking our own funds because the feeling of anxiousness and pressure is already present. The demo account could train us yet the best training ground that we could have is the actual trading so we should expect losses as a part of the learning process. We can't learn about trading in just a single night and it will take time regardless of how long you have tried trading in demo accounts.

[Digital_Lord]

The first blunder you made was employing a major fraction of your resources because doing so puts you at a high risk, even after you gain experience. Another error that you made was attempting to engage in spot trading all at once. Instead, investing a small amount in just that coin will be good over the long run and double your money because owning a peculiar coin is recommendable to investing all of your funds in one coin and using it for spot trading.

[Quidat]

The first blunder you made was employing a major fraction of your resources because doing so puts you at a high risk, even after you gain experience. Another error that you made was attempting to engage in spot trading all at once. Instead, investing a small amount in just that coin will be good over the long run and double your money because owning a peculiar coin is recommendable to investing all of your funds in one coin and using it for spot trading.

But we know that not all traders does have that kind of long patience which for them to be able to wait up for that long for them to reap up some profits on which there are ones who do really trade off with shorter scale or span of time where they do prefer on seeing those possible gains on without needing to wait up on long term this is where things turns out to be different where engagement of someone
on the market on very active manner would really be happening and this is where technical indicators or tools would really be mainly needed or being really used because you cant really just able to
deal up with volatility without having these things because if ever you do make trades without any basis then you are just simply doing gambling.

[Mpamaegbu]

Spot trading is riskier and it become more riskier when you use large part of money for it.

What? How is spot trading riskier? Perhaps you were by chance trying to allude to Futures or leverage trading which is the rave now with  crypto trading. Spot trading is the old crypto stuff and a kind of laid-back conventional method. Its risk is almost none. Until the trader sells, they haven't made a loss even if the crypto dips or continues to dip.

[TelolettOm]

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.

Actually, spot trading is less risk than future trading, actually, as long as you are still holding the coins, not selling the coins when the price drops, you still have them and can hold them until the price rises up. But you sold them when the price drops very much, that's the probem. You lost your money.
Except that you are buying shit coins that may head to dead coins, so, this will make you lost your money because those shit coins may not be available on the market again, or have no value again to sell.
That is why you need to learn more about how to trade even in the spot market. It is beter to buy potential coins with serious cosnideration and analysis. Trading is profitable and risky at once. The result will depend on how we are doing it.

[ChiNgadOr]

First of all it is quite riskier to invest large portion of money at the beginning and other thing is that your concentration and thoughts should be focused on your aim. In my opinion you have to buy that coin about which you have surety that it will pump and will give huge revenue. Spot trading is riskier and it become more riskier when you use large part of money for it.

This is one of the mistakes newbies normally make going live without having a sufficient understanding about the trading world. Trading is not meant to be immediately or too quick. We need to learn and acquire adequate information about trading before we ever think of going live again. The market is not friendly at all so we don't have  to make a dangerous mistake that could make us to lose big because of lack of trading skills and the right information.
Op need to go and learn a trading skill with demo account before going live again.

[Mahanton]

First of all it is quite riskier to invest large portion of money at the beginning and other thing is that your concentration and thoughts should be focused on your aim. In my opinion you have to buy that coin about which you have surety that it will pump and will give huge revenue. Spot trading is riskier and it become more riskier when you use large part of money for it.

This is one of the mistakes newbies normally make going live without having a sufficient understanding about the trading world. Trading is not meant to be immediately or too quick. We need to learn and acquire adequate information about trading before we ever think of going live again. The market is not friendly at all so we don't have  to make a dangerous mistake that could make us to lose big because of lack of trading skills and the right information.
Op need to go and learn a trading skill with demo account before going live again.

Most of the time which our first impressions towards trading is that it is really just a simple thing and not so that too technical and on the time they make out that real engagement then this is where
realization do happens and able to say that it wasnt easy to get involved with.Just like on what others been saying that its never been easy.It might be only dealing on predicting prices but on how you would
gonna do that? How you would consider out on whats the bottom? Whats the peak price? You would eventually find up relevant tools and indicators which would really be helping out
on determining those points and this is where technical aspect is really that much needed.

[Zilon]

First of all it is quite riskier to invest large portion of money at the beginning and other thing is that your concentration and thoughts should be focused on your aim. In my opinion you have to buy that coin about which you have surety that it will pump and will give huge revenue. Spot trading is riskier and it become more riskier when you use large part of money for it.

Buying coin without any tool giving in signal on when to buy and when to pull out is even more riskier. We don't just buy because every where seems bullish what if it was a trap? in fact every thing about crypto is risky the very reason why it's not advisable to risk more than one can afford to lose.

The crypto market is highly volatile added to the series of pump and dump projects everywhere. All Op needed was to learn first before taking such a risky adventure. Maybe Op might have heard how people became millionaires through trading and felt it was just as easy as it was told. Newbies should learn from this because no amount of technical analysis given here will save a trade placed against trend

[Rengga Jati]

But we know that not all traders does have that kind of long patience which for them to be able to wait up for that long for them to reap up some profits on which there are ones who do really trade off with shorter scale or span of time where they do prefer on seeing those possible gains on without needing to wait up on long term this is where things turns out to be different where engagement of someone

This is a personal condition, where if they are not patient every time, without any learning and problem solving on managing the emotion and patience, this means that there is something wrong with him, not with the trading activities. Because being patient and good emotion management become strong elements that must have in trading in order to minimize the risks of losing because of impatience. If someone has this impatience, they should be able to manage themselves to fix the problem, or they will lose more and more.

First of all it is quite riskier to invest large portion of money at the beginning and other thing is that your concentration and thoughts should be focused on your aim. In my opinion you have to buy that coin about which you have surety that it will pump and will give huge revenue. Spot trading is riskier and it become more riskier when you use large part of money for it.

Could your statement be reversed?
Isn't spot trading less risky when compared to futures trading or trading with leverage?
Moreover, you are talking about trading coins that are likely to pump, this is like gambling, isn't it? because we won't know what coin to pump.

[topman21]

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.

First you need to gain experience about trading. Since you are doing trading on trading platform you need to know about trading first what is trading actually.Market analysis should be done If you can't analyze the market then you will never be able to profit by trading from the trading platform.You have to follow every signal. You have to act according to the signal.There are also various technical aspects that you can follow But without experience you are not allowed to trade on the trading platform. Because trading is not so easy.

[Bhig Daddy]

Are you trading spot and are you in a hurry to ignore the rate at which the price is falling? If you've already suffered a lot of loss, you have plenty of time to deal with everything. Play it safe and try to trade safely. to momentarily abstain from spot trading. Pick a time frame, such a week, for price changes. while studying all of the fundamental trading indicators.

[iv4n]

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.

First you need to gain experience about trading. Since you are doing trading on trading platform you need to know about trading first what is trading actually.Market analysis should be done If you can't analyze the market then you will never be able to profit by trading from the trading platform.You have to follow every signal. You have to act according to the signal.There are also various technical aspects that you can follow But without experience you are not allowed to trade on the trading platform. Because trading is not so easy.

Well, now OP can say that he has some experience in trading, he got into trading with serious money and he lost, but we can hope that he learned something while he was losing all that money! I guess he thought that with some serious capital it will be easy to make money with lucky guessing, probably he got into the wrong coins at the wrong time, and he was impatient to wait for those coins to gain some momentum... if you sell with a loss every time after some time your capital will melt!

He just needs to follow some suggestions from this topic, how to choose a pair and follow it for a while, to see the best timing for trading that pair, to learn more about that pair, it's called research... with lucky guessing, nobody made a fortune in the long run.