The Signal to Start Trading and the Signal to Close Trading

[Mpamaegbu]

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, what else is trading if not those two difficult parts you rightly mentioned? Basically, that's what trading is all about. It's about buying and selling. Entering and exiting the market skillfully is what makes someone a profitable trader or a loser. Those two are germane and extremely important to surviving in trading.

To survive getting burnt, only take trades from higher time frames. Chances of making profit from higher time frames exist and are more realizable than those of lower time frames.

[kamilah147]

Starting a trade and ending a trade is difficult in trading, because that's what everyone should learn about where to start trading and how to set the lowest price. in trading a trader must have the ability to analyze the market, starting a new trade requires energy in determining the support line, if the market for one week has found a support point then for me it is an opportunity to open a trade. because often the market appears changes up or down for 5 to 6 days.

[Leebabe]

Being a trader in every market is difficult. It might not be as difficult as people say it is but I can say that it is complicated in its own way. One needs to have a good entry and exit point and that can't be done by using the candle sticks only. Risk management comes in, being able to control one's greed. Understanding how much to risk on a trade and how to properly balance a portfolio happen to be more important than entries and exits.

[sana54210]

I would guess that most "newbies" do not know RIS and Bollinger band, if they do know it then I would deem them not a newbie.

I believe that newbie is not a term used for people who have been here for a short period of time, it should be a term used for people who do not know much about crypto. So for me a person who has been involved in crypto for a month but learned everything they need to know is not a newbie but someone who has been around for many years and yet never learned anything proper about it should be called a newbie. That is of course how I approach it, maybe I am wrong but at the end of the day there is nothing wrong with being new and learning new things and becoming better at it.

If you are a newbie and do not know them, then why would it be alright to start trading? I mean just focus on getting better at things and you should be fine, learn as much as you can before you start trading. Think about it, you have no idea about the two of the most important indicators, and you would imagine that you could make a profit in the crypto market?

I really doubt that, I believe that it would be quite impossible for someone to make money without knowing how to read these things. Of course they could get lucky in a very high bull market, like when bitcoin goes from 10k to 60k, it would be hard to make a loss, but you need that type of market for it.

[Issa56]

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.

Am not really in support that trading is easy, most people entering the crypto space thing trading is kind of easy thats why they end up losing money. To me trading is not really easy because its involve some technical analysis, crtpto trading is not just all about buying a coin when the price is low and selling when the price is high. You have to do your technical analysis to know if the price is low already and to know when to sell.

[GreatArkansas]

Starting a trade and ending a trade is difficult in trading, because that's what everyone should learn about where to start trading and how to set the lowest price. in trading a trader must have the ability to analyze the market, starting a new trade requires energy in determining the support line, if the market for one week has found a support point then for me it is an opportunity to open a trade. because often the market appears changes up or down for 5 to 6 days.

Yeah, most people think that trading is just a basic buy low and sell high. They don't know how difficult it is especially if you want to become a successful trader, you need to learn a lot of things.
About when to enter and when to exit, another difficulty is how we analyze it if we are using a chart, there are a lot of timeframes as you can see, so it will also make your mind confused too. That's why we need to be aware of a lot of things and never forget risk management.

[BobK71]

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.

If any one can do it or know it when we should start or close then it will be very easy task for earning money. It is very difficult task to find where need to start or close. If you are a good learner then it would be more easier for your to find turning point.

[tvplus006]

Such a false idea of trading is usually formed by newcomers who came to the crypto market in a bull market. At such a time, almost any coin bought "yesterday", already "tomorrow" makes it possible to get a profit. With the onset of the bear market, the situation is changing and special knowledge is already required in order not to lose your money.

[shaine99]

There are 3 things that counts more

1. Technical analysis
2. Fundamental analysis
3. How experience you are in the market.

Crypto signals are very helpful. I'm using it myself.

[sklopan]

You know, I was always surprised by people who wanted some kind of signals, and most importantly, they thought that these signals must be correct.

[TheUltraElite]

Being a trader in every market is difficult. It might not be as difficult as people say it is but I can say that it is complicated in its own way. One needs to have a good entry and exit point and that can't be done by using the candle sticks only.

A good trade consults the chart and checks the S/R levels before buying or selling. This can be learnt from internet resources as well but on real life this becomes tough to execute. A little bit of practice can help every aspiring trader get their edge and added to it a handful of patience and the absence of "get-rich-quick" thoughts, most people will be able to generate profits off their trades.

Entry and Exit levels are important. But making a choice to panic sell or panic buy is also depending on the trader. These things can be learnt better in a regulated market like stocks and shares.

You know, I was always surprised by people who wanted some kind of signals, and most importantly, they thought that these signals must be correct.

Most are used to sell fake memberships which is the real scam. Added to that is the manipulated pump and dump. Either way, one who goes to signal groups are in it for the loss, contrary to what they think.

[Inspiron14]

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.

If any one can do it or know it when we should start or close then it will be very easy task for earning money. It is very difficult task to find where need to start or close. If you are a good learner then it would be more easier for your to find turning point.

Everything needs a process and the more we have a lot of experience then it will make us better too,
it's not that easy of course to be able to know when is the right time to start and close,
The most important thing is to keep learning and don't get bored easily

[martyns]

You know, I was always surprised by people who wanted some kind of signals, and most importantly, they thought that these signals must be correct.

Trading signals are good for traders because it minimize the way a trader would have lost in the market. Let's say there is a 80% possibility that the coin will give someone Profits when it will start pumping. One main thing is to know when to open trade and the next thing is know when to close trade. Surprisedly, people so much believe in signals which sometimes failed them. Trading signals are not 100% garantee that it will enter, there are days when the market will be bad, and you use trading signals to enter the market, the market can go against you.

[Benefactor]

You can find out about Fibonacci retracement and what they are intended for. You can realize this large number of pointers well indeed, this will help you in exchanging. Once in a while being karma as far as trading is simply going. Choices coming from the group is an indispensable element to know where the coin is going to.

[sayaya17]

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.

If any one can do it or know it when we should start or close then it will be very easy task for earning money. It is very difficult task to find where need to start or close. If you are a good learner then it would be more easier for your to find turning point.

Everything needs a process and the more we have a lot of experience then it will make us better too,
it's not that easy of course to be able to know when is the right time to start and close,
The most important thing is to keep learning and don't get bored easily

It is true that there is no success in trading that we can get instantly, everything requires a long process. So we really have to be patient if we want
to be a successful trader, so we will experience some losses first. Then the bad experiences we have will make us understand how to trade well.
Because we definitely learn to correct every mistake we make when trading. The most important thing is that we never give up and keep learning
until we really understand when is the right time to start and close trading. Then don't rely too much on trading signals from other people,
it only makes us lose, and ultimately makes us dependent on others. Even though successful traders must be able to do their own analysis,
because only we ourselves actually understand what is best for us to do when trading.

[sklopan]

With signals I advise you to be as careful as possible. Do not forget that quite often there are moments when signals can provide information that requires confirmation.

[Clever5Flower]

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.

Following the risk/profit ratio and setting stop loss and take profit keeps me mentally healthy and I enjoy when trading on wowswap exchange

[Alisha FR]

if you are trading short term this is too difficult to explain, because the current market conditions with a downturn always occur, it is very difficult to close the trade, because the chances of profit are very small. with the current market dynamics I prefer long term trading or long term investment. I think this is an opportunity to invest for the long term, because almost all Alt is down. open a trade today and release it later when the market gets pumped up again.

[justdimin]

Such a false idea of trading is usually formed by newcomers who came to the crypto market in a bull market. At such a time, almost any coin bought "yesterday", already "tomorrow" makes it possible to get a profit. With the onset of the bear market, the situation is changing and special knowledge is already required in order not to lose your money.

Unfortunately last year there were a lot of newbies who came into crypto with the hopes that they could make a ton of money, and as we can see from the situation we have not really gone that way for a long time now, which is why I do not see it going the way that people hope it would go.

I am guessing that the best case right now would be for newbies to stay in long term and wait for it to go up again and learn from their mistakes and be better on the next cycle. If you are a long term investor, the best case would be to buy it when it is low, and wait for it to go up, watch it go down again, buy some more and keep repeating that forever.

[Smartvirus]

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.

If entering and existing the market isn't trading then I wonder what is! When I saw the subject of this thread, I was hoping to see some constructive argument(s) that supports the subject but, its just another newbie having confused thoughts.
If you must know, every analysis, tool used and steps taken all gears up towards entering and existing the market without encountering loses.

Going for signals is actually buying into someone else's ideas and analysis. The one you chose not to be involved in and as professions will have it, signals are sold these days. No one would go through the stress for nothing and most of all, they are still just predictors and could be wrong or the application could make it wrong. Trading is where lots of people loose money, that's to tell you just how difficult it is.