Topic: Basic trading strategy for newbie to make a profit - page 3. (Read 611 times)

This is without a doubt a dishonest tactic used by many of those channels, and anyone watching this should stop following those channels, and the reason is that losing money in the markets is inevitable, the challenge is that even with those losses can you still become profitable? And the traders hiding this information are being dishonest about what they can achieve, and the reason to be dishonest about this is to try to get more people to subscribe to their group so they can get more paid subscriptions, and this makes them scammers in my book.

Dont rush up, better to start up slowly and familiarize everything.

1. Start on finishing the course you do see in babypips.com
2. Test out on demo trades for familiarizing indicators
3. Learn to see fundamentals.
4. Try to check others analysis and compared it to yours
5. Gain experience
6. Learning would comes next as long you do make trades
7. Try to be sustainable

There's no specific way on making guaranteed profits but at least you do already have the idea on what to do.

Most of channel suggestion i think want people to pay them for signals. And to make worth profit, need really big capital and risk i think is almost same. Maybe it is better to start into spot trading first with some big volume coins. Because big volume coins not really much pumped and dumped at least we get experience and some analysis before speculate into new coins or maybe doing future.

It is important for a beginner to think about the strategy being "safe" enough for him. I mean the minimum number of risks. I think this is very important for a beginner.

Hey! Buddy
You have picked up the right step towards trading but do you have basic understanding of trading or knowledge?
Trading is a business and should be treated with outmost caution, get a pair that have a huge potential( sol/usdt, ftm/usdt or trade against BTC pairs if you want to use Altcoins to make more of Bitcoin when they gain more in value since they are pretty much in %%) and don't forget to trade in a good exchange, some exchange are toxic and may cease your funds especially centralized one in particular.

I believe you should treat those bounty campaigns and airdrops like a second job. If you don’t have a job, always be ready to take the opportunity to apply for one.


If you don’t want to buy and HODL, then in Twitter search for EmperorBTC, he has basic lessons free for everyone.

It is usually good for one to have patience as a trader, if a trader keeps taking everything in trading in a hurry , they’re just going to fail woefully. There will always be that urge that will make you want to invest all and make quick huge money, it is up to you to suppress those feelings and put yourself in control and know that this is something that requires you to be cool headed and know what you’re doing and that’s just it.

The point you also made about learning always , it’s a serious thing that people should always do – keep learning, because the market changes and there are usually new things coming out, the only way you will be able to learn all these things is if you keep learning all the time.

The good news is that you know to consult people before making a trade. Crypto market is quite complicated, you need to learn, study about technical analysis, fundamental analysis. For newbies, you should not start with too much capital to avoid losing too much, be very careful and learn every day to gain a lot of experience. There are several groups on telegram that give signals, you should only consult, please make your own decision.

There's a lot of free materials online try to visit this one: https://github.com/SpiralDevelopment/Awesome-Crypto-Trading

It will teach you the basic understand of the market, how to read the market and the candles to advance trading and also how to use bots and other materials that is related to trading and the good thing about this is that you can have it all for free. Good luck to your trading journey.

Seriously I personally I don't really believe in trading channels because they won't really tell you what trading is all about, they will only show you whenever they are making profits but whenever they are at lost they won't show it and cryptocurrency is all about profits and lost but always make sure your profit is far more than your lost, but whenever you are trading there will definitely be lost. I believe you can learn some basic things on youtube but you have to develop your strategy yourself because what works for me might not work for you and when you lose don't be disappointed it's normal to lose.

No, you are making the wrong conclusion, the reason you lose more than what you win with those groups is either because those groups that you are joining are a scam and are nothing more but pump and dump groups or you are receiving advice from someone that does not really know what they are doing, so what is the solution for this? To learn how to trade by yourself, and unfortunately this is something that takes time and patience and many people do not have what is necessary to develop the level of skill necessary in order to profit from the markets.

And do you think you can make money from trading? Trading has it own disadvantages same way those airdrop and bounty had their own disadvantages because even those who are good in trading losses money in some occasion. Are you ready to lose money via trading because I do believe is a must to lose money in trading crypto currency and any other. Remember that there is huge chance for you to make huge profit from trading crypto currency only if you are good and very lucky to place trade at the right time and exit at the right time too. If you have all these at the back of your mind then go and learn candle stick formation and fundamental analysis as they both affect the market direction.

There's no such strategy that will guarantee you a profit on a daily basis, therefore no channel I can suggest to you. If you want to be consistent in trading, learn the basics first and learn from your every mistake so in the long run you'll become a better trader and be consistent in making a profit.

No specific channel you can find, just combine all the resources you can find in the internet, youtube, forums, and even on social media.

I think there are still some bounties in which you can get more profit now a days in video campaign and other things, but if you want to invest in the trading and want to entering in the world of cryptocurrency then it is a good step indeed, but it requires more knowledge and more experience which you can get from different top traders, and most probably from applying your own trading strategies.

Just start with the basic like most of the newbies do. Do your own research so you will be more knowledgeable in trading and to make it more easy for you, you can watch videos from youtube all about trading and those are all free. Maybe you need to exert more effort in learning trading and once you are ready to apply all what you have learned, then take your first experience. After all, you won't be a successful trader if you never learn from all your mistakes and that's why experience is a must.

So you want to make a profit daily doing trade. It's called day trading, It's not good for a newbie like you. First of all, you need to spend a lot of time learning Technical analysis, Fundamental analysis, and risk management. I am providing here some youtube/blog/PDF links, those will help you a lot to learn the trade.

Entry Triggers - Technical Analysis Series: https://www.youtube.com/watch?v=f_Fju2Hb7zs&list=PLvkpxFSTppmnQ7A5DP386zEKU0Tv_fatm&index=17
Risk Management - Technical Analysis Series: https://www.youtube.com/watch?v=ofwtsc20hOY&list=PLvkpxFSTppmnQ7A5DP386zEKU0Tv_fatm&index=2
Still, I am learning from this youtube channel, This man is a great asset to the crypto community.

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I have found Emperor a few months ago on Twitter. This man also doing a very good job for the crypto community. He is regularly posting a lot of educational tutorials for traders and all of them are free. Here is a telegram group link where he posts all of his tutorials: https://t.me/EmperorbtcTA

Try to read:
Index of Trading Tutorials (2021)

BITCOIN TRADING MANUAL: https://bit.ly/39iKQ2U

Before you start:

A thread for beginners https://bit.ly/3czFrFO

How to build a trading system https://bit.ly/39fZQib

Principles of Survival https://bit.ly/3Am3Zgg

Trading Routine https://bit.ly/3EuxOOf

How I made money with Crypto https://bit.ly/39kuwP8

Introduction to TA:

TA Basics https://bit.ly/30I0iSB

Bitcoin Trading Master Class Part 1 https://bit.ly/2OFcJvi -

Bitcoin Trading Master Class Part 2 - Candlesticks https://bit.ly/30TKefT

Price Market Psychology https://bit.ly/2QAcQWp


Threads and Charts:

Altcoin Entries (How to Find them) https://bit.ly/3tO07SU

Altcoin Breakout https://bit.ly/2DacbrN

Avoid Breakout Trading https://bit.ly/3krQbLX

Bearish Divergence https://bit.ly/33WCmgH

Bearish Divergence Cheat Sheet https://bit.ly/39jrE5i

Bullish Divergence https://bit.ly/3fGhpsl

Bullish Divergence Cheat Sheet https://bit.ly/3nKvcpn

Being Profitable https://bit.ly/3eOb5Ch

Demand Supply Trade setup https://bit.ly/2XG7Bs

EMA strategy https://bit.ly/3eQqmCv

EMA, Supply, Swings, Position Addition https://bit.ly/30KCNIW

Head and shoulders https://bit.ly/30IvAsN

Heat Maps https://bit.ly/2Za8A7H

How to Avoid Fake Break-outs and

Traps https://bit.ly/3klkio3

How Pump and Dump Works https://bit.ly/3ks5fa9

How to Trade a Range https://bit.ly/3kjGPBv

Multiple Confirmation Short https://bit.ly/39xaUaV

Open Interest https://bit.ly/3cLUyMN

Position addition on swings https://bit.ly/33FXV4V

Price Action Range Break Out https://bit.ly/3khL8xo

Principles of Price Action https://bit.ly/3u4o4pj

Price Volume Confirmation https://bit.ly/3EvqqSM

Quick look at Indicator confirmations https://bit.ly/2PB9VfE

Retracement VS Reversal https://bit.ly/3tQKdqQ

Risk Management 1 https://bit.ly/2WjqQqk

Risk Management 2 https://bit.ly/2Knjj7k

Scalping Tips https://bit.ly/2Xvvmqg

Support and Resistance https://bit.ly/3ipzvAx

Trading Methods https://bit.ly/3f23CQr

Trend Reversal Short Set up https://bit.ly/3hKuW68

Volume Part 1 https://bit.ly/31ANltb

Volume Cheat Sheet https://bit.ly/3kiIk2W

Volume Exit https://bit.ly/3And2O9


PDFs:

Bitcoin Price Report (Sept 2021) https://bit.ly/2XuDGGJ

Capital Preservation https://bit.ly/3hLmunc

Stop Loss https://bit.ly/3kl6OIO

Price Action: Price Psychology and Market Formation https://bit.ly/3kluY6f

MISC

TRADINGVIEW INDICATOR: https://bit.ly/3EveP61

How to use the Altcoin Trading Indicator: https://bit.ly/3klb0bw

Pre-requisites to trading- https://bit.ly/3a9tCEX

Recommended Books: https://bit.ly/3kuou2W

My Best 10 trading Lessons- https://bit.ly/31AQcT4

Scalp Short Sample- https://bit.ly/33FeH46

Long Swing Sample- https://bit.ly/31DqgGo

Day Trading Strategy - https://bit.ly/3mlUbg

Fibs- https://twitter.com/CryptoMellany/status/1382645388939821058

The problem is... I don't know how to decice which one is good coin. Do you any reference channel?

Yes.. That is why I'm asking here. I just do bounty and airdrop. I want to learn. How to start... What is the strategy, si that I will not just follow into the fomo. I have to learn much about trading.  Anyway thank you for your advice 😊

No.. I will not leave bounty and airdrop. But it will be good if I learn for trading also. Because I want the payment from airdrop and bounty can be use as investment.

Firstly, if you are making this post I am assuming you know nothing about technical indicators because if you would then you won't be asking for a strategy.
So the first thing you should do is learn the basics of technical analysis and reading charts.
The simplest strategy would be to buy low and sell high. The thing you would have to focus on is the entry and exit point.
Once you learn technical analysis practice trading with very small amounts and look for the right entry and exit points.
Once you get started you will know where you are making mistakes. You should learn from your mistakes and try not to repeat them.
Over time you will gain good experience and will start making profits in it as well.