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Author Topic: Follow the technique if you have zero trading knowledge in crypto  (Read 470 times)
jeraldskie11
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December 23, 2023, 09:56:03 PM
 #41

If you are know in crypto trading you can follow it.
I started trading from 2017   


I was zero knowledge with crypto trading  but Belive me my 90% trade was successfully profit gainer with just maintenance following technique.

>> Remember sometimes not trading is part of trading so wait and wait for more bad news to come after the market is bearish and remember that time is the right time to look for buying and trading opportunities.

>> Do not try to gain extra profit. Remember that expecting too much profit can make you addicted to profit and incur huge losses.

>> When you see the price increasing very quickly in a very short period of time and there are posts and discussions everywhere including social media that the price will increase, then refrain from catching any buys and trades and investigate the reasons for the price increase.



First, I don't believe if there is a successful trader who has 90% win rate but I'm glad that you were the one. Winning 90% of trades is quite tough so I think the number of your trades is very small. I will not shock or amazed if you expect that sometimes in the future you will experience losing trades in week and hope this will not bother you. As what I have noticed in your saying in the Op, you are a disciplined person so I hope you keep trading according to your plan and don't let the emotion to control you.

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December 24, 2023, 02:24:37 AM
 #42

Even a newbie can survive and make decent profits in the bull run, the point is that survival should be analyzed by the performance of the trader in the bear market, and in the bull market we can differentiate between an expert and newbies with his existing plans. Becasue a good trader always stay conscious about the exit plan, to save profits.

Absolutely correct, it's easy to make money in bull market or in crypto, if I should say so myself. But, rare are the ones who manage to secure it.

I was zero knowledge with crypto trading  but Belive me my 90% trade was successfully profit gainer with just maintenance following technique.
Hitting winners 9 times out of 10? That kind of hot streak definitely can't last.  At some point, your luck will run dry.  Maybe it already has.

That happens in bull market to many people, and this makes them consider themselves better than they are, and then bears strike and everything goes into the drain.

Don't worry op, I'm not offending you, I have been there. You'll learn.


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December 24, 2023, 02:54:21 AM
 #43

One should have enough knowledge about crypto currency trading then start trading crypto currency. I myself have seen crypto currency trading and taking time to check the market, crypto currency trading is successful. When we trade something, we certainly don't think of getting rich overnight. You have to trade with patience for long term with time.

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December 24, 2023, 08:50:40 AM
 #44

what techniques do you use in trading or what indicators do you use in trading. can share the portfolio, if it's good, I might be interested in learning what indicators to use.

If trading without any knowledge at all, it's better to start with copy trade, don't trade right away, what's more big capital. or you can use a demo account first in MT4 forex market cypto there is also really.

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December 24, 2023, 02:29:40 PM
 #45

-snip-
If trading without any knowledge at all, it's better to start with copy trade, don't trade right away, what's more big capital. or you can use a demo account first in MT4 forex market cypto there is also really.
Copy trading for beginners and no knowledge at all?
Are you sure about that advice?

However, Copy Trading is not for use by beginners who don't even know any trading knowledge.
Copy trading requires understanding how to use trading tools well, and it takes a strategy on how to manage capital to be used, not easy and not for beginners.
And yes, let alone the large capital, it is not recommended.

What needs to be done first if it is without trading knowledge, Understand and learn about trading, what are the terms and how to use the available indicators.
That's just the right move and using a demo account can be a solution as well, but it's better to use a crypto trading demo account to suit the purpose of trading to be done in crypto.

R


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December 24, 2023, 03:00:18 PM
 #46

what techniques do you use in trading or what indicators do you use in trading. can share the portfolio, if it's good, I might be interested in learning what indicators to use.

If trading without any knowledge at all, it's better to start with copy trade, don't trade right away, what's more big capital. or you can use a demo account first in MT4 forex market cypto there is also really.
Most time I uses moving averages and other indicators to know what the market is likely to do next. This is one of the way we can make profits from the market without following fundamentals. If we are very good at using indicators to trade, we can be making some profits in the market without necessarily waiting for fundamentals for us to enter to enter the market. We need to be consistent in the techniques we use to trade and adjusting them to suit our mode of profits is what is going to help our be a consistent and profitable trader.









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December 24, 2023, 07:28:55 PM
 #47

Most time I uses moving averages and other indicators to know what the market is likely to do next. This is one of the way we can make profits from the market without following fundamentals. If we are very good at using indicators to trade, we can be making some profits in the market without necessarily waiting for fundamentals for us to enter to enter the market. We need to be consistent in the techniques we use to trade and adjusting them to suit our mode of profits is what is going to help our be a consistent and profitable trader.

The problem with MA is the same as with most indicators. They show data based on previous information. Yes, it can be used for some sort of predictions, but one always has to remember, that it doesn't mirror the future. The market repeats itself from time to time, however, we can not be sure, when exactly this will happen. We have to observe and analyse, and not count only on indicators.

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December 24, 2023, 07:51:25 PM
 #48

These techniques will never be known and would hardly be understood if you have zero knowledge in trading. It takes education and good market assessment or analysis before you can start to trade, otherwise you are only trading for no significance. While trading needs more developed skills and strategies, patience and consistency in the market greatly matters as well.

That is why it's hard to teach certain techniques when you don't understand what you are doing in the first place. DYOR is the key.

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December 24, 2023, 07:56:34 PM
 #49

-snip-
If trading without any knowledge at all, it's better to start with copy trade, don't trade right away, what's more big capital. or you can use a demo account first in MT4 forex market cypto there is also really.
Copy trading for beginners and no knowledge at all?
Are you sure about that advice?

However, Copy Trading is not for use by beginners who don't even know any trading knowledge.
Copy trading requires understanding how to use trading tools well, and it takes a strategy on how to manage capital to be used, not easy and not for beginners.
And yes, let alone the large capital, it is not recommended.

What needs to be done first if it is without trading knowledge, Understand and learn about trading, what are the terms and how to use the available indicators.
That's just the right move and using a demo account can be a solution as well, but it's better to use a crypto trading demo account to suit the purpose of trading to be done in crypto.
Whenever they do seomeone who had been that been influenced with those kind of advises on taking up some copy trading neither discovered by himself or did really hear out on others people then they would be likely on getting out that kind of assumption. Having some zero knowledge would really be that normally be leading you into that situation on which you would really be finding out yourself on finding on ways and methods on which  you would really be having those kind of profitabilities on making some money. Its not simple but its not really that something that cant be possible. It is really just that there are people who
dont really mind out on the things that they are currently dealing with but rather they are really that going or after into those things on which they do know that they could really make
money in. So it would be always your own choice and call on how things should be dealt up with.

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December 24, 2023, 08:55:17 PM
 #50

Op, your point is just like saying one should be greedy when others are fearful and fearful when others are greedy.
Trading is a waiting game which requires a discipline mind to succeed in this industry, and secondly, you have to be patient and patient again with your trading set up and for your terms and conditions for taking a trade to be met. A lot of traders avoid the market when it's bleeding and buy when it's green, but the best opportunity to buy is during the market dip.

R


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December 24, 2023, 09:06:40 PM
 #51

Money management , I believe it's the only key for success in crypto trading or any other market, the difference between markets is the volatility. The problem with new traders is greed, starting with a very low capital and trying to make 2x or even more of their capital which means dealing with a very high risk.
Crypto is a very risky world, putting or buying a cryptocurrency without any knowledge about it is gambling, you can't know when that coin is going to go up or down with the possibility of rug pulls and the price going to 0. And not everyone is aware that trading with low risk and low volatility cryptocurrencies is way better.

You can't say it's easy to make profit or even keep your capital the same without knowledge, if it's not losing for the market, there's a high chance you get scammed or lose your wallet as a newbie. So my advice is trade with low risk and go for Bitcoin.



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December 24, 2023, 09:22:09 PM
 #52

One should have enough knowledge about crypto currency trading then start trading crypto currency. I myself have seen crypto currency trading and taking time to check the market, crypto currency trading is successful. When we trade something, we certainly don't think of getting rich overnight. You have to trade with patience for long term with time.

Knowing all these trading recommendations will be useless without practical application. And not all traders perform them flawlessly, which certainly leads to losses. But if it were necessary to compile a more or less complete methodological manual for trading, it would definitely be more than the three recommendations that the OP presented.

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December 24, 2023, 09:40:40 PM
 #53

I was zero knowledge with crypto trading  but Belive me my 90% trade was successfully profit gainer with just maintenance following technique.
Everyone certainly starts from zero knowledge. But what is certain is that if you want to be successful in trading, whatever it is, you still have to learn from various sources. it doesn't have to be in class but anywhere and from any source. The point is that learning is very important, not only to increase knowledge but also insight into several things related to trading. Including what you said, it's all a process of learning, it's not that without knowledge you can be successful. This is quite risky when trading without any consideration or background.

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December 24, 2023, 09:45:56 PM
 #54

I was zero knowledge with crypto trading  but Believe me my 90% trade was successfully profit gainer with just maintenance following technique.
Everyone in the beginning has zero knowledge about trading but with time they can learn about the trading in the earlier stages it is very difficult to protect your self from loss and you did I appreciate it.

Quote
>> Remember sometimes not trading is part of trading so wait and wait for more bad news to come after the market is bearish and remember that time is the right time to look for buying and trading opportunities.
Yes this the right thing most people can say for the time and in doing hurry they face loss they did not about that trading is the name of tolerance and waiting,  the more you show patience the more you will be getting profit.

Quote
>> Do not try to gain extra profit. Remember that expecting too much profit can make you addicted to profit and incur huge losses.
This is what we call emotions.  Emotion will give you a huge dump when you show any nature like greed or fear but most people are hunted by greedy nature and they want more and more. If some buddy controls its nature then will become a good trader.

Quote
>> When you see the price increasing very quickly in a very short period of time and there are posts and discussions everywhere including social media that the price will increase, then refrain from catching any buys and trades and investigate the reasons for the price increase.
Sometimes whales or a group of people start speculation on social media and share positive or negative news related to the market.  People who did not do any research or confirm the news face losses,  so in trading you can personally follow this one to confirm the news first and then do any thing that is suitable to that condition.
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December 24, 2023, 10:27:11 PM
 #55

Many people start trading without knowing about trading, including when I first started trading. Only some people can determine the right time to look for buy and sell opportunities in trading. What you share needs to be tried continuously so that they can find the time to trade. And if it is altcoin trading, it is not easy to find the time to trade because the downturn of an altcoin can happen several times before it hits its lowest price and it is difficult to rise again.

But if it is bitcoin trading, you can buy bitcoin if the percentage decline looks large. After you buy, you need to hold it until the price rises. Even though the price remains in the low area if it is bitcoin, the price will bounce up, and that's when you can sell the bitcoin and make a profit. But you can't rely on it for trading because you need to learn a lot about trading to get bigger profits.
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December 25, 2023, 05:08:43 PM
 #56

It is simply said that we all have differences and even if I follow your steps or technique in trading OP, I was certain that the results are different. WHY? That will matter in our decision, especially in critical times and I can't borrow your mind to think for me on behalf but rather make mine.

If you succeed in trading, then congratulations. I will tell you that only a few traders have gained success in trading and this is because
 - knowledge level
 - mindset
 - market approach

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December 25, 2023, 05:35:34 PM
 #57

what techniques do you use in trading or what indicators do you use in trading. can share the portfolio, if it's good, I might be interested in learning what indicators to use.

If trading without any knowledge at all, it's better to start with copy trade, don't trade right away, what's more big capital. or you can use a demo account first in MT4 forex market cypto there is also really.
I prefer to create a demo account first so you can test the techniques all you want. Either it will be a failure or not, at least you know as to where its heading. But even in trading with demo account, prior knowledge in trading is still important. Trading is not suitable for those who are still in the position of acquiring knowledge as trading is all about skills and enhanced strategies to expect positive outcome from trading. If you think you don't have that, better to focus first on long term hodling.

After all, long term hodling still promise huge amount of profits. A lot of traders turn into long term hodling and still end up successful as long as patience and determination is always present.

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December 25, 2023, 09:42:23 PM
 #58

If you have zero trading knowledge, then following some techniques that you don't hold guarantees if they are effective or not will only increase the risk of losing in trading. That's why before you engage in trading, see to it that you have prior knowledge and even some skills related to trading, otherwise you will only trade without no clear goal, but end up wasting your energy and money in trading.

I don't really get what is OP is trying to say here, but one thing I'm certain, no trading knowledge when trading is a red flag and should always be discouraged.

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December 30, 2023, 10:38:12 PM
 #59

If you have zero trading knowledge, then following some techniques that you don't hold guarantees if they are effective or not will only increase the risk of losing in trading. That's why before you engage in trading, see to it that you have prior knowledge and even some skills related to trading, otherwise you will only trade without no clear goal, but end up wasting your energy and money in trading.

I don't really get what is OP is trying to say here, but one thing I'm certain, no trading knowledge when trading is a red flag and should always be discouraged.
Even just a low level of knowledge is a red flag too, it seems to me a lot of people really do not understand the nature of the markets at all, it seems they just think of trading as a game in which they can make some money, but they do not realize that behind every single movement in the market there are people like them that are also trying to make money, and if they are no better than the average trader then they will have no chance to earn anything at all, since any money that you make on the markets is money that previously belonged to someone else and that you just happened to outsmart.
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December 31, 2023, 01:26:39 AM
 #60

If you are know in crypto trading you can follow it.
I started trading from 2017   


I was zero knowledge with crypto trading  but Belive me my 90% trade was successfully profit gainer with just maintenance following technique.

>> Remember sometimes not trading is part of trading so wait and wait for more bad news to come after the market is bearish and remember that time is the right time to look for buying and trading opportunities.

>> Do not try to gain extra profit. Remember that expecting too much profit can make you addicted to profit and incur huge losses.

>> When you see the price increasing very quickly in a very short period of time and there are posts and discussions everywhere including social media that the price will increase, then refrain from catching any buys and trades and investigate the reasons for the price increase.

I don't have much experience in trading but I follow this strategy most of the time like you. I never keep myself calm on the trading platform I always trade keeping myself calm on the trading platform. Especially now I am connected to the trading platform for a long period of time I never have time on the trading platform I always trade on the trading platform with short periods of time. Especially never be greedy in trading platform whenever a person is greedy in trading platform that person will lose money from trading platform and will be in loss. So first of all you have to get rid of greed to start trading. Also never trade with emotion on trading platform, trading with emotion will make you lose money from trading.


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