Topic: 5 Easy Ways to Improve Your Cryptocurrency Trading Profits (Read 290 times)
The only acceptable thing that the article posted is about setting up automatic alerts on price movements. But the article isn't really fit to beginners even the mid-level traders. When we talk about leverage and derivatives trading most traders we have in the market doesn't even know what that is and it is really risky for them to follow this kind of suggestion especially when they don't even dive in what those are all about. Aside from that why even suggest leverage trading in the first place if they aren't even profiting from normal trading? If they go ahead they'll just be risking their money more so maybe the right way for what the traders should do is to be successful in normal trading first before they even open up onto other kinds of crypto trading.
Technical Analysis in the market is the most essential and helpful thing to do in trading because it will depend your strategies and plans before you do a transactions. You can consider yourself still a newbie if you notice that, when you trade for so long but still you didn't have a large profit or it didn't reach your target profit. So that you need to change your strategies and learn from the mistakes you've made. Help yourself grow before your money, and know that patience, hard-work and critical thinking do to your trading experience.
margin trading were not here back then but it was more of accumulation that makes it more profitable. when you have just about 1BTC and you get out of the market in a day with about 1.1 BTC, that's what profitable. you still look at the charts and use the indicators just as how it should be used. its the altcoins that is easy to accumulate in times of bull market. accumulating 1.2M doge from 1M doge seem possible this time.
Assuming daniel didn't wrote this out of some advertisement reasons, there are plenty of reasons why this should be not favorable for people who are not expert traders. It both suggests that improving trading profits includes trading with high leverages which have very low margin of error where you can lose all your money, but it also suggests taking advantage of shorting bitcoin as well which as of a bull run we are in right now may not be the best advice.
I am not saying these are all wrong ideas, they are very well could be the best ideas to make as much profit as you can do but it doesn't really mention the insane level of risk involved as well, I personally would put a disclaimer stating that, all of these could bring you more reward but could also end up making your wallet go to zero as well.
I am not saying these are all wrong ideas, they are very well could be the best ideas to make as much profit as you can do but it doesn't really mention the insane level of risk involved as well, I personally would put a disclaimer stating that, all of these could bring you more reward but could also end up making your wallet go to zero as well.
He didn't say anything about it being his though. It's an article he probably found on the net and he wants it to be shared to the forum.
His post history gonna tell you about him more than what he said in this post, don't be lazy to check
Learn basic technical analysis, never be emotional, learn risk management, Of course proper risk management, don't fall for permabulls or permabears telling you bitcoin always is going up even when we are in a bear market, when market crashes 50% in one day, don't panic, that's normal round these parts etc. Learn to be independent from others. Until you've achieved this don't touch trading. at that point you will be able to make 500-1000% returns easily on trading.
Use tools that i have, unfortunately only tools that i use to make profit is news. Well, although not much experience, sometime follow news will really helpful for me. I can hold bitcoin longer than i hold altcoin because good news that sometime come from bitcoin and usually it make bitcoin price pumped after it.
The web is so heavy, I think you need some modification and make the web simple. Mostly I agree with your tips except alarm and use all available tools in trading dashboard. Alarm is remainder but this tools can't detect which one fake and real movement?. Second reason is every tools in trading dashboard created to help you but the real tools is indicator it self. We don't say about delay or the data is not accurate but indicator more helping about predict movement. Another tools only giving view ( just view ) but indicator follow market and give you clue where you can start and finish.
Dont know whats wrong with the site yet i cant open it even though i have strong and stable connection.Tried for several browsers but still have the same problem.
Okay setting it aside and basing up on topic title on getting improvement with your trading.It might sound easy but wont really be that simple to follow.
Experience would always be the key for you to learn everything.You would face up common mistakes and learn from it until you do learn it gradually
and making you as a better trader as soon you do realize on familiarizing anything on different market situations and corresponding decisions to be made.
Okay setting it aside and basing up on topic title on getting improvement with your trading.It might sound easy but wont really be that simple to follow.
Experience would always be the key for you to learn everything.You would face up common mistakes and learn from it until you do learn it gradually
and making you as a better trader as soon you do realize on familiarizing anything on different market situations and corresponding decisions to be made.
The site is accessible on my end. So here are the five ways as mentioned in the article in case you got curious:
- Trade With a Multiplier
- Trade on the Short Side
- Set up Automatic Alerts
- Use All the Available Tools and More
- Cut Down Your Fees
The writer is obviously referring to margin trading which is very risky especially for newbies. I don't even encourage average traders to get into margin trading. It is very risky everything is like gambling. So I only agree on the 3rd up to 5th. The 1st and 2nd are case to case basis.
Dont know whats wrong with the site yet i cant open it even though i have strong and stable connection.Tried for several browsers but still have the same problem.
Okay setting it aside and basing up on topic title on getting improvement with your trading.It might sound easy but wont really be that simple to follow.
Experience would always be the key for you to learn everything.You would face up common mistakes and learn from it until you do learn it gradually
and making you as a better trader as soon you do realize on familiarizing anything on different market situations and corresponding decisions to be made.
Okay setting it aside and basing up on topic title on getting improvement with your trading.It might sound easy but wont really be that simple to follow.
Experience would always be the key for you to learn everything.You would face up common mistakes and learn from it until you do learn it gradually
and making you as a better trader as soon you do realize on familiarizing anything on different market situations and corresponding decisions to be made.
The site is accessible on my end. So here are the five ways as mentioned in the article in case you got curious:
- Trade With a Multiplier
- Trade on the Short Side
- Set up Automatic Alerts
- Use All the Available Tools and More
- Cut Down Your Fees
The writer is obviously referring to margin trading which is very risky especially for newbies. I don't even encourage average traders to get into margin trading. It is very risky everything is like gambling. So I only agree on the 3rd up to 5th. The 1st and 2nd are case to case basis.
When it comes to cryptocurrency trading, skill, luck, and excellent timing are crucial to turning a regular profit.
(...)
I don't think so if luck is really need on trading because I do believe trading is not pure luck, like a dice gambling.(...)
But this is just for my opinion. Lot of successful traders out there are become owning on trading because they learn a lot and love what they do and for sure they are not relying on luck.
That's why we should not stop learning especially in trading which is very risky.
But it's not entirely like in dice gambling as you said, one who work for it and has enough luck to find the right time will make more profits.
The first two tips, in my opinion, are suicide. Trading with leverage carries fierce risks; I would never advise starting with it.
The same goes for opening short deals, the most unpredictable and dangerous deals on the market. Everything else is acceptable if applied correctly.
A newbie doing a leverage trading is absolutely a suicide. Even I myself don't bother to try trading with leverage because of the high risk of it. What's best strategy for a beginners is to do the buy low sell high strategy first, although it is not that fast to get your target profit but it is the most efficient way to decrease the risk of losing your investment. The same goes for opening short deals, the most unpredictable and dangerous deals on the market. Everything else is acceptable if applied correctly.
if you now are trying to improve your trading profits then that means you already learned how to read charts effectively. why would you consider yourself newbie still?
improving trading profits is more advance than learning to trade itself.
Quote
Trade With a Multiplier
This would be an easy way to get quickly liquidated too lol. People shouldn't call using margin an easy way to get profit. Trading on margin is extremely risky and for a newbie without proper risk management, it's just an accelerated way to wipe out their trading balance.Trading on shorts, yes that's a good tip because a lot of people might not know that they can profit from downward movement too. Short selling might not be intuitive at first but it's not that hard to understand. It's more clever to just short when you feel it's the top rather than wait for the dump and buy lower which would take more time.
its not about when we feel like its the ath price, it varies to the time frame you are trading and what the indicators are telling you in that particular time frame. everything has risk but make sense to use "multiplier"in bear markets. leverage like they say amplifies the risks.
Technical Analysis in the market is the most essential and helpful thing to do in trading because it will depend your strategies and plans before you do a transactions. You can consider yourself still a newbie if you notice that, when you trade for so long but still you didn't have a large profit or it didn't reach your target profit. So that you need to change your strategies and learn from the mistakes you've made. Help yourself grow before your money, and know that patience, hard-work and critical thinking do to your trading experience.
Dont know whats wrong with the site yet i cant open it even though i have strong and stable connection.Tried for several browsers but still have the same problem.
Okay setting it aside and basing up on topic title on getting improvement with your trading.It might sound easy but wont really be that simple to follow.
Experience would always be the key for you to learn everything.You would face up common mistakes and learn from it until you do learn it gradually
and making you as a better trader as soon you do realize on familiarizing anything on different market situations and corresponding decisions to be made.
Okay setting it aside and basing up on topic title on getting improvement with your trading.It might sound easy but wont really be that simple to follow.
Experience would always be the key for you to learn everything.You would face up common mistakes and learn from it until you do learn it gradually
and making you as a better trader as soon you do realize on familiarizing anything on different market situations and corresponding decisions to be made.
The site is accessible on my end. So here are the five ways as mentioned in the article in case you got curious:
- Trade With a Multiplier
- Trade on the Short Side
- Set up Automatic Alerts
- Use All the Available Tools and More
- Cut Down Your Fees
The writer is obviously referring to margin trading which is very risky especially for newbies. I don't even encourage average traders to get into margin trading. It is very risky everything is like gambling. So I only agree on the 3rd up to 5th. The 1st and 2nd are case to case basis.
The first two tips, in my opinion, are suicide. Trading with leverage carries fierce risks; I would never advise starting with it.
The same goes for opening short deals, the most unpredictable and dangerous deals on the market. Everything else is acceptable if applied correctly.
The same goes for opening short deals, the most unpredictable and dangerous deals on the market. Everything else is acceptable if applied correctly.
I will consider my self a newbie in trading. Upon reading the article there are some good point but I dont know if that is all accurate and these tips were made by pro traders. I believed on " Set up Automatic Alerts ". I think this is a trading tool that they called a trading bot. All I know that it is easy to use in trading and make easier when you set automatic buy and sell. Although, I am still searching and gathering ideas before I step in unto trading.
Article emphasis on the usage of various trading forms like future, margins, derivative as well as shorting/longing. But if someone is new trader, he must restrict himself to spot trading for the starting. Other forms can give you substantial returns but at the same time can drain your wealth faster if you aren't actually aware completely how they work. Spot trading on the other hand works on simple concept of 'buy lower and sell higher'. Profits maybe lower (you can also face losses) but at least you will learn concrete trading.
Once you are pro-trader, you can easily switch to other forms and increase profits as the article mentioned.
Once you are pro-trader, you can easily switch to other forms and increase profits as the article mentioned.
if you now are trying to improve your trading profits then that means you already learned how to read charts effectively. why would you consider yourself newbie still?
improving trading profits is more advance than learning to trade itself.
Quote
Trade With a Multiplier
This would be an easy way to get quickly liquidated too lol. People shouldn't call using margin an easy way to get profit. Trading on margin is extremely risky and for a newbie without proper risk management, it's just an accelerated way to wipe out their trading balance.Trading on shorts, yes that's a good tip because a lot of people might not know that they can profit from downward movement too. Short selling might not be intuitive at first but it's not that hard to understand. It's more clever to just short when you feel it's the top rather than wait for the dump and buy lower which would take more time.
its not about when we feel like its the ath price, it varies to the time frame you are trading and what the indicators are telling you in that particular time frame. everything has risk but make sense to use "multiplier"in bear markets. leverage like they say amplifies the risks.
They're pretty.. ehh average? I mean. It's not to improve, its more to decrease costs that you do in trading in general. Tbh, if one were actually quite a serious analyst, fees would become secondary, depending on the amount of time he/she believes is required to obtain a certain percentage of profit that he/ she had for the initial investment.
OP is considering himself a newbie to cryptocurrency trading but also writing articles about trading tips. My questions, how would people believe in OP if the tips haven't been proven on himself?
He didn't say anything about it being his though. It's an article he probably found on the net and he wants it to be shared to the forum.
OP is considering himself a newbie to cryptocurrency trading but also writing articles about trading tips. My questions, how would people believe in OP if the tips haven't been proven on himself?
I don't think we need to master everything just to become successful in trading.
Quite some of the ways that it only be understandable to professional trading. Noobs and average traders wouldn't probably spend to much time in trading just to learn those things. I know it will help a lot but it some ways also that we have to skip some of them depending on the our capability.
Quite some of the ways that it only be understandable to professional trading. Noobs and average traders wouldn't probably spend to much time in trading just to learn those things. I know it will help a lot but it some ways also that we have to skip some of them depending on the our capability.
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