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Author Topic: Does Trade have types?  (Read 526 times)
Sakanwa (OP)
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March 01, 2023, 05:01:09 AM
 #21

What kind of technics can a beginner apply during trading,
As a beginner, observation is the best technique you can apply to the markets. Just watch the price actions and see how it adapts with the free indicators you get in tradingview. Later, trade with few dollars and learn what type of mindset you have. You gotta know yourself first, none can teach you about you. If you got a patient mind, you can be a swing trader. If your mind has the ability to switch quickly with emotions under control, you can be successfull in short term trading.


I have tired using the method of trading with small amount not all your capital and I still fails,I tired using all the capital but to no avail fails,what such trader do next to stop lossing much but getting much profit what?

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March 01, 2023, 05:17:42 AM
 #22

What kind of technics can a beginner apply during trading,
As a beginner, observation is the best technique you can apply to the markets. Just watch the price actions and see how it adapts with the free indicators you get in tradingview. Later, trade with few dollars and learn what type of mindset you have. You gotta know yourself first, none can teach you about you. If you got a patient mind, you can be a swing trader. If your mind has the ability to switch quickly with emotions under control, you can be successfull in short term trading.


I have tired using the method of trading with small amount not all your capital and I still fails,I tired using all the capital but to no avail fails,what such trader do next to stop lossing much but getting much profit what?
If you really have the interest in trading, with time you will learn all the ins and outs of it. If nothing works for you unfortunately it means that you are not made for trading. You should better leave it if you are not able to learn after continuous trying. Instead, just focus more on the hodling part (on spot) and do something else for getting the income to dca again. Don't feel demotivated even if you fail in one thing, not everyone is same.
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March 01, 2023, 07:43:17 AM
 #23

I think it's important to consider the long-term potential of any investment in cryptocurrency. While it's true that some coins have seen rapid price increases in recent months, there's always a risk of a sudden drop in value.
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March 01, 2023, 10:40:12 AM
 #24

I think it's important to consider the long-term potential of any investment in cryptocurrency. While it's true that some coins have seen rapid price increases in recent months, there's always a risk of a sudden drop in value.

Living a long term potentials I guess might cost you a huge lost and in most cases huge profit, so paraventure you did they long term project and fails what will you then do or what do you expect the beginner the next?

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March 01, 2023, 08:54:25 PM
 #25

These types are basically like types of human as well, nothing further. If you are a person who likes to jump out of planes, or bunge jumping or whatever, then maybe 100x leverage could sound fun to you, my understanding of "fun" is staying at home, watching some netflix, and eating popcorn while drinking cola. That means I love long term investment, because you can't go to safari everyday, but you can watch netflix every single day.

On the other hand, we are talking about people who like to go to work and enjoy their work, those days are short term scalping type of traders, not as lazy as me, but not as risky as leverage, and many other types of trading, all equals to a type of person.

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Sakanwa (OP)
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March 02, 2023, 06:48:47 AM
 #26

These types are basically like types of human as well, nothing further. If you are a person who likes to jump out of planes, or bunge jumping or whatever, then maybe 100x leverage could sound fun to you, my understanding of "fun" is staying at home, watching some netflix, and eating popcorn while drinking cola. That means I love long term investment, because you can't go to safari everyday, but you can watch netflix every single day.

On the other hand, we are talking about people who like to go to work and enjoy their work, those days are short term scalping type of traders, not as lazy as me, but not as risky as leverage, and many other types of trading, all equals to a type of person.

So are you trying to say that going in short term trade is not really good for beginners right or what,I want know if it not good for beginners and why did you choose the long term then short what can be your advice for those who are planning or wanting to join trade or become a successful trader.

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March 02, 2023, 06:50:10 PM
 #27

If you really have the interest in trading, with time you will learn all the ins and outs of it. If nothing works for you unfortunately it means that you are not made for trading. You should better leave it if you are not able to learn after continuous trying. Instead, just focus more on the hodling part (on spot) and do something else for getting the income to dca again. Don't feel demotivated even if you fail in one thing, not everyone is same.
No one is made for trading but it only boils down to how consistent and patient we are. When hearing the word trading, the first thing that comes in our mind is to make great profits. No one in earth dislikes money because it is very useful and can make a life of the person better or happier so all should have an interest in trading but all are committed to it. We also have investing next to trading.

We can do both of them because investing does not need active monitoring but once you buy a good coin, you can just leave it there and open only your wallet after many years to harvest your profits. We can still be able to do a DCA even without constantly selling but we can just use our salary and other sources of income.

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March 02, 2023, 09:06:39 PM
 #28

I think it's important to consider the long-term potential of any investment in cryptocurrency. While it's true that some coins have seen rapid price increases in recent months, there's always a risk of a sudden drop in value.

Living a long term potentials I guess might cost you a huge lost and in most cases huge profit, so paraventure you did they long term project and fails what will you then do or what do you expect the beginner the next?
Actually, long-term is the most safest form because it allows you to wait for the asset's value to recover if they are dumping. It's also the most profitable because it allows you to see more ATH's. We should only ensure that what we HODL for the long term are coins who already have a long-term history of recoveries because they are likely to go for more years. Now back on the original topic, yes trading has different types. They can be spot and futures trading.

Options is also another type of trading but this one is I think more like a gambling. This is why only less people are doing it. Nowadays I see a good demand on futures but this one is also a little riskier than in spot so we have to pick our poison wisely.

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March 02, 2023, 09:22:51 PM
 #29

I was thinking of these everytime and I never found any answer to it yet.

I was on one of the trading app call Deriv Go and I had lost then profit and I using the highest volatility 100v and it was MT5 and I stoped because of the lost I had and I want to ask if it has type of trade that someone can follow to make profit from.
There might be some signal group offering a services like this but of course profit is still not guaranteed and you have to pay for some fees just to get on that group. Trading is not easy, there’s a lot of analysis that you should make before you actually make profit, some are just skipping this part while the others are really working hard to understand trading. I believe you can be more successful once you understand the whole concept of trading.

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March 02, 2023, 11:16:26 PM
 #30

I was thinking of these everytime and I never found any answer to it yet.

I was on one of the trading app call Deriv Go and I had lost then profit and I using the highest volatility 100v and it was MT5 and I stoped because of the lost I had and I want to ask if it has type of trade that someone can follow to make profit from.
There might be some signal group offering a services like this but of course profit is still not guaranteed and you have to pay for some fees just to get on that group. Trading is not easy, there’s a lot of analysis that you should make before you actually make profit, some are just skipping this part while the others are really working hard to understand trading. I believe you can be more successful once you understand the whole concept of trading.
This is why im not really that interested if ever there are someone who do make out some recommendation about subscribing about vip groups and providing signals which it isnt really just that worth or

simply just a waste of money.It is really that much better if you do trade on your own and with your own ways.No matter what method you would be using as long you do find yourself that effective
or really be able to sustain and this is why you should really be staying on where you do see that you are really that making money.

Dont easily fall out into those people who do say that they are profiting or what.Its better to stick with your own.

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March 03, 2023, 09:50:34 AM
 #31

I was thinking of these everytime and I never found any answer to it yet.

I was on one of the trading app call Deriv Go and I had lost then profit and I using the highest volatility 100v and it was MT5 and I stoped because of the lost I had and I want to ask if it has type of trade that someone can follow to make profit from.
What you are referring to is most probably an options trading app or platform, and let me tell you one thing, don't ever fall for the fancy and profitable advertisements these platforms create on social networks to lure in new users to make investments in order to win big. Options trading can be too risky, and you can lose a significant amount of money in it if you are not properly trained or experienced in it.

You can find a lot of channels on YouTube that do options trading and post videos, they also teach techniques and ways of doing it, but I still wouldn't advise you to get involved with it. It is better if you learn about crypto spot trading and invest in that instead of options.

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March 03, 2023, 03:44:56 PM
 #32

I was thinking of these everytime and I never found any answer to it yet.

I was on one of the trading app call Deriv Go and I had lost then profit and I using the highest volatility 100v and it was MT5 and I stoped because of the lost I had and I want to ask if it has type of trade that someone can follow to make profit from.
What you are referring to is most probably an options trading app or platform, and let me tell you one thing, don't ever fall for the fancy and profitable advertisements these platforms create on social networks to lure in new users to make investments in order to win big. Options trading can be too risky, and you can lose a significant amount of money in it if you are not properly trained or experienced in it.

You can find a lot of channels on YouTube that do options trading and post videos, they also teach techniques and ways of doing it, but I still wouldn't advise you to get involved with it. It is better if you learn about crypto spot trading and invest in that instead of options.
many complain about options trading, even though many tutorials seem easy to do and immediately get big profits and multiply, but in the end you lose, limited time is not a good idea to trade, it's like just guessing, and the market moves like it shouldn't. it is better to do spot trading, we can adjust the strategy according to our trading style, so that we are in control of ourselves, until we find the right trading style and can provide consistent profits

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March 06, 2023, 05:01:34 PM
 #33

Spot trading is the simplest if you ask me, I know some other traders prefer better and bigger stuff but I believe that you should only be doing them if you are already veteran of spot trading and it's better to start with that. If you are starting with leverage trading then you are doing the wrong thing, if you are wondering what type of trade types are there then you are a newbie and all you should do is buy a coin, hold for a while, sell when it's higher and nothing more.

Sometimes it will go up that day and you will make a profit, sometimes you will hold it for months before you profit, but you keep doing that until you make a good amount of profit, enough to start leverage with just the profits.

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March 06, 2023, 07:29:21 PM
 #34

They're a handful of them, the best is to study and know which you're most comfortable with and stick to it.
There is;
Spot trading
Derivative
Scalping, swing trading etc.

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March 06, 2023, 09:15:59 PM
 #35

Spot trading is the simplest if you ask me, I know some other traders prefer better and bigger stuff but I believe that you should only be doing them if you are already veteran of spot trading and it's better to start with that. If you are starting with leverage trading then you are doing the wrong thing, if you are wondering what type of trade types are there then you are a newbie and all you should do is buy a coin, hold for a while, sell when it's higher and nothing more.

Sometimes it will go up that day and you will make a profit, sometimes you will hold it for months before you profit, but you keep doing that until you make a good amount of profit, enough to start leverage with just the profits.
I gonna also agreeing with you on this point of Spot trading.For starting trading I thing spot trading will be the best option from they various types of trading. Because for knowing the methods it is  easy on it from the others. So for the beginning of trading to stop or decrease the losses I think you should start with spot trading and you should also select a good user-friendly inface included Platform for that. You can choose Binance for that.


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March 06, 2023, 09:58:41 PM
 #36

They're a handful of them, the best is to study and know which you're most comfortable with and stick to it.
There is;
Spot trading
Derivative
Scalping, swing trading etc.
This could be a good list to start with, if you are more comfortable to do spot trading then its good for you or you do prefer to take more risk then go to futures. Scalping can work if you have a lot of time in this market so in short it will always depend on your choice and availability.

Though your profit will depend on your knowledge and strategy in gambling, this is a different concern but you should spend time for this as well because this is a very important part of the process in trading, to learn more.
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March 12, 2023, 06:58:12 PM
 #37

They're a handful of them, the best is to study and know which you're most comfortable with and stick to it.
There is;
Spot trading
Derivative
Scalping, swing trading etc.
The market is important for beginners, just as it is for crypto specialists. Trade consists of various departments with a wide range of themes. I'm going to continue using the trading approach that makes the most money and fits my pattern the best. Because it's so simple to trigger positions on the market with perfect timing and good entrances, I preferred spot and scalping. These are challenging at first, but as the countdown progresses and one grows familiar with the method, the location is viewed as less dangerous, with earnings easily flooding in.

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March 13, 2023, 07:43:13 AM
 #38

I was on one of the trading app call Deriv Go and I had lost then profit and I using the highest volatility 100v and it was MT5 and I stoped because of the lost I had and I want to ask if it has type of trade that someone can follow to make profit from.
You're talking about Volatility Index and Synthetics. In the recent past it was known as Binary. It's traded like the Forex and Crypto markets. Unlike FX, it's a continuous market that doesn't go on break or close throughout the year, making it take after the crypto market that doesn't go to sleep. By the way, how would you go into trading something you haven't practised on demo? That's unnecessary risk. V100 isn't even as volatile as V75. You should demo trade it with the lowest lot size which is 0.001. Even with such small lot size, one can make more profit/loss daily on it than someone on 0.05 lot size on a currency pair on Forex. It shows how volatile the market is. Not even Gold pair is that volatile.

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March 13, 2023, 12:15:20 PM
 #39

They're a handful of them, the best is to study and know which you're most comfortable with and stick to it.
There is;
Spot trading
Derivative
Scalping, swing trading etc.
The market is important for beginners, just as it is for crypto specialists. Trade consists of various departments with a wide range of themes. I'm going to continue using the trading approach that makes the most money and fits my pattern the best. Because it's so simple to trigger positions on the market with perfect timing and good entrances, I preferred spot and scalping. These are challenging at first, but as the countdown progresses and one grows familiar with the method, the location is viewed as less dangerous, with earnings easily flooding in.
for those who already understand spot trading and scalping as if they are friends, sometimes we have to give up losses by means of cut losses, because the market moves not according to the initial plan, so if you leave the framework then cut loss is an option, learning discipline like that is not easy, especially to be able to control our emotions. but if we are used to it, then we can enjoy trading healthily, because we can follow the will of the market to move, not impose our own will

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March 13, 2023, 12:54:48 PM
 #40

By the way, how would you go into trading something you haven't practised on demo? That's unnecessary risk. V100 isn't even as volatile as V75. You should demo trade it with the lowest lot size which is 0.001. Even with such small lot size, one can make more profit/loss daily on it than someone on 0.05 lot size on a currency pair on Forex. It shows how volatile the market is. Not even Gold pair is that volatile.
Going into trading without learning and having good understanding about how the market works has been the major problem with newbie traders, and after they have lost huge amount of money they began seeking for the knowledge. The Op question clearly shows he got zero knowledge about trading and luckily for him he has come to do the right thing by asking the needful questions.

The deriv platform is specifically a Binary option trading platform formerly binary.com before they changed their name to deriv.
However, As types of trading has been listed by Fivestar4everMVP, you can choose to learn all and later specialize on one or either choose to start on learning one that you may find suitable and develop your own strategy in order to profit.

R


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