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Author Topic: The Signal to Start Trading and the Signal to Close Trading  (Read 860 times)
Mate2237 (OP)
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May 03, 2022, 05:22:27 PM
 #1

Trading is not so difficult as it was told. But the difficult part in trading is when to enter the market and when to Close the market. So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.

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May 03, 2022, 05:51:49 PM
 #2

Learn how to use trading indicators, it will help you. Start with relative strength index and bollinga band to know when market is overbought or oversold. Trade with small amount of money and see if you are better. Then you can further with simple moving avarage and exponential moving average. You can learn about fibonacci retracement and what they are meant for. You can learn all these indicators very well, this will help you in trading. Indicators can increase the chance of making profit, but you need to also have risk management and use the money you can afford to lose to trade.

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May 03, 2022, 07:12:05 PM
 #3

Aren't you becoming redundant because of saying that "Trading is not so difficult..." then following it up with "The difficult part in trading...".

Anyway, just using candlesticks won't be enough to accurately predict where the price of a particular asset would go—definitely going to be hard to determine whether or not to go in with the trade or stay away. Or maybe put a Long position or Short position within the market.

Different types of indicators would be helpful for a trader in determining where it should be traded or not or if it would go long or short. Sometimes it's just going to be luck in terms of trading.

It's always going to be like a "Let's see what would happen..." type of thing, you know?

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May 03, 2022, 08:19:16 PM
 #4

Ofcourse trading isn't difficult as it was told but for a new trader it's much difficult to make a right decision when trading. Because to trade you have to know about chart, market direction, risk management and more.
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May 03, 2022, 08:23:34 PM
 #5

Trading is not so difficult as it was told.
If it wasn't so hard. Don't you think there would be lots of millionaires who have made money through trading as of today?

But the difficult part in trading is when to enter the market and when to Close the market. So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.
It's the whole backbone of trading. Identify good entry and exit points, and then execute your trades. Candlesticks alone cannot predict the entry and exit positions 100%
Sometimes you have to know that you are going to lose some trades. You should know how to manage risk

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May 03, 2022, 08:28:24 PM
 #6

Aren't you becoming redundant because of saying that "Trading is not so difficult..." then following it up with "The difficult part in trading...".

Anyway, just using candlesticks won't be enough to accurately predict where the price of a particular asset would go—definitely going to be hard to determine whether or not to go in with the trade or stay away. Or maybe put a Long position or Short position within the market.

Different types of indicators would be helpful for a trader in determining where it should be traded or not or if it would go long or short. Sometimes it's just going to be luck in terms of trading.

It's always going to be like a "Let's see what would happen..." type of thing, you know?

Indicators can greatly help but also look for hints from social media channels of the coin you are trading with. Because those indicators can easily go south if the team of the project is already planning to exit the market. So don't put too much trust from the indicators themselves. Look for other factors that may affect the market performance of the coin. Decisions coming from the team is a vital factor to know where the coin is heading to.
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May 03, 2022, 08:32:23 PM
 #7

Trading is not so difficult as it was told. But the difficult part in trading is when to enter the market and when to Close the market. So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.
This is where trading analysis would work out whether you do make use of;

1. Technical analysis
2. Fundamental analysis
3. Intuition/Gut feeling(Other option  Cheesy)

All of us do share up on the same questions on mind on when to get out on particular trade
because of this unpredictable market then we do really have this main problem.

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May 03, 2022, 10:52:46 PM
 #8

Trading is not so very difficult as it was told. But the most crucial difficult part in trading is when to enter the market and when to Close the market. So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.
There, fixed for you.

Do you think trading isn't difficult?  If that is so, there are too many of them have rich because of trading and could maybe everyone do trading.
Trading is very crucial, it will wipe out your entire balance if you don't know to perform it carefully and you don't know how to deal with the market especially as you've told when to enter the market, everything there is unpredictable, there's no clear direction of the market price and that's why we have a different tool to predict the market price.  Technical and Fundamental analysis.
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May 03, 2022, 10:59:43 PM
 #9

Trading is not so difficult as it was told. But the difficult part in trading is when to enter the market and when to Close the market. So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.
We all have that question because no one can predict on what would be the future prices would look like or what would be the possible bottom or peak price which ending up on having that
continuous or lots of speculations to be generated from time to time on every person who had involved themselves on the market.
If someone does have the capability on knowing on when to get in and when to get out then he would be probably the most wealthiest or richest trader or investor on this market.  Grin

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May 03, 2022, 11:55:22 PM
 #10

There is a free PDF file for basic reading about candlesticks and it will tell you all about candlestick patterns.

Here's the link "Basic learning about Candlesticks"

And if you want to expand your knowledge about trading there is a big source with free courses, guides, and tools check them from here "Awesome Crypto trading sources"

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May 04, 2022, 12:21:56 AM
 #11

Trading is not so difficult as it was told. But the difficult part in trading is when to enter the market and when to Close the market. So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.
You need to learn technical analysis to find out when its your enter and exit time, it depends on your time frame and other indicators you're using. No one can predict the movement of market perfectly,you can just speculate and dare to face the consequences that is why trading is easier but making profits consistently becomes a nightmare.

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May 04, 2022, 04:48:14 AM
 #12

I mean THAT is the core of trading, it's basically the part that determines whether you're going to profit or not, ofc it's difficult. To help in identifying it, the two types of analysis (fundamental and technical) should be pretty helpful for you to decide on a path to take. Ofc it still involves you understanding the market and making your own predictions and suggestions based on your own current understanding, but all those are based on what news you actually receive or analyze anyway. You also can't deny that "gut feelings" have helped a lot of traders in the past, but that'd be a one or two off kind of thing imo.

 
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May 04, 2022, 05:37:13 AM
 #13

Trading is not so difficult as it was told. But the difficult part in trading is when to enter the market and when to Close the market. So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.
Sometimes even candle stick failed. So it safe to assume that no one can predict it right. Of course these parameters are made to be a guide but it does not mean a high accuracy of happening. Well thats really sucks, right? Ive talked with some experienced traders and they did confirm that even they go for a good indicators sometime it didnt go to their prediction. So trading is a lot harder than simply memorizing and familiarizing with this indicators. But it can help us in such ways.

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May 04, 2022, 07:12:08 AM
 #14

No one can predict the movement of market perfectly,you can just speculate and dare to face the consequences that is why trading is easier but making profits consistently becomes a nightmare.
No one can predict the movement of market perfectly, but a trader can still be more accurate, accuracy is not only in the candle stick movement prediction, but analyses can still make prediction to be more accurate but it is true that it can not be a hundred percent accurate though. Like I said, accuracy is not only in cnadle stick prediction, accuracy is also in having no greed, using low leverage like 1x and able to make sure liquidation does not occur but profit instead. The crypto market is most of the time been volatile within some prices that even the bears and bulls will make profit.

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May 04, 2022, 09:12:09 AM
 #15

You can use the candle stick but you can't limit yourself from the candle sticks alone as there are other ways to predict it such as using support and resistance, trend lines and other useful tools, for me relying to candle stick is ok but it is not enough.

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May 04, 2022, 10:24:33 AM
 #16

Trading is not so difficult as it was told. But the difficult part in trading is when to enter the market and when to Close the market. So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.
it will not become difficult unless if you have enough knowledge, coz that's the common problem reason why there's a lot of people are frustrated in trading. Infact how you can determine when or where to buy if you're lack of knowledge? that's impossible coz it's not a game of luck!
So i suggest dont expect that you can win in trading if you don't have such thing. Much better to educate your self first if you want to become successful trader.
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May 04, 2022, 10:59:39 AM
 #17


This is where trading analysis would work out whether you do make use of;

1. Technical analysis
2. Fundamental analysis
3. Intuition/Gut feeling(Other option  Cheesy)

All of us do share up on the same questions on mind on when to get out on particular trade
because of this unpredictable market then we do really have this main problem.

Technical analysis and fundamentals especially related to viral news or good news will really help us in entering the market or leaving the market. Sometimes in crypto news or rumors are very influential on the price movement of a coin. The point is in trading we have to be content with what we can (profit) don't be greedy is the main key.
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May 04, 2022, 11:45:15 AM
 #18

This is where trading analysis would work out whether you do make use of;

1. Technical analysis
2. Fundamental analysis
3. Intuition/Gut feeling(Other option  Cheesy)

mostly I use option number 3  Grin
I'm not very good at technical and fundamental analysis. what I understand is I have to buy when the price goes down and sell it when the price goes up. too great a risk that prices will fall when we do not do in-depth analysis.
most importantly in the trades, I make always use SL, and it helps me not to accept big losses. we must be aware of how we manage the assets we have. we determine at what price we must exit the market. by looking at the graph we will have an intuition about how much we are receiving.

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May 04, 2022, 11:49:27 AM
 #19

If you study and understand basic trading, then you should know how to enter and exit the market. It depends on you what kind of strategy you would like to use if you use candlestick then it is not a problem, sometimes I use demand and supply area (most likely support and resistance) in my trading and it is working, just understand the concept and learn more in trading aside from candlestick and I am sure you will get the grip of it.

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May 04, 2022, 11:52:28 AM
 #20

Trading is not so difficult as it was told.
Well, easy to describe on it when it's come to stories but the real deal and real application of it is hard.

But the difficult part in trading is when to enter the market and when to Close the market. So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.
You just described what the market is really all about. It's all about closing your positions in profits and the traditional buying low and sell high orders that we must do.

Because that's how we're going to make money from it.


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