Topic: Be a newbie trader. I avoided losing money. how? - page 6. (Read 2504 times)
I don't up know for old altcoins I starting for new ico project that good to invest and putting money from it and soon it will a good profit for me.
There is no such thing as perfect trade and while technical analysis is helpful, I agree that its not the ultimate factor determining market prices. At this time, following the news might be effective but it won't always be the case.
It will not earn big but can have a great effect on trading if we get updated on every news and every ideas that we can get in many sources we can get.
There is no such thing as perfect trade and while technical analysis is helpful, I agree that its not the ultimate factor determining market prices. At this time, following the news might be effective but it won't always be the case.
When you are a newbie you can refer to something on tradingview.com
1.Technical:
RSI (Relative Strength Index) (14): RSI <30, oversold => should buy. RSI> 70 - overbought, you should not buy at this time.
Fibonacci: There are Support and Resist. When prices hit the S, P, R levels, the price will rebound, so You pay attention around S, P, R levels.
You should buy (support) and sell (resist) around these areas.
2.Chart:
The result is Bollinger Bands.
You can refer to the Bollinger Bands here: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands
These are just some of the simplest indicators for beginners to trade as they are to have safe levels, avoid losing money.
I am also a newbie sharing knowledge so expect people to help. Thank you for reading
1.Technical:
RSI (Relative Strength Index) (14): RSI <30, oversold => should buy. RSI> 70 - overbought, you should not buy at this time.
Fibonacci: There are Support and Resist. When prices hit the S, P, R levels, the price will rebound, so You pay attention around S, P, R levels.
You should buy (support) and sell (resist) around these areas.
2.Chart:
The result is Bollinger Bands.
You can refer to the Bollinger Bands here: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands
These are just some of the simplest indicators for beginners to trade as they are to have safe levels, avoid losing money.
I am also a newbie sharing knowledge so expect people to help. Thank you for reading
If you have any grasp of indicators and charts at all you're not entirely a newbie. But even people without this can avoid losses by making smart decisions and avoiding greed. The most important thing in all trading is patience and a clear, rational thought process, that's the same if you're an expert or a completely new trader.
Technically what you are saying are all part of Technical analysis which, also 2 out of 3 things you said are not even advisable to be used for newbies only RSI is applicable to newbies and that won't even be helpful without Volume as an indicator. For a newbie trader to succeed they must learn the basics, just like what I said Volume as an indicator is one of the easiest way on to know where the prices are going. I really don't think that other indicators will work without first identifying if the volume is back it up or not.
No one can avoid loss in trading. That is the risk we should accept before we decided to get involved in this type of business. If there is a way to avoid such losses, sure everyone will make it as their only thing to get money. Profit and lose are two common things in trading.
yes you are right, what all of us do must have a risk, the small amount of risk depends on how you react. of course the loss will not come for people who are patient and thorough and are good at finding opportunities in trading. but not everyone will continue to profit, there will be a loss. 
No one can avoid loss in trading. That is the risk we should accept before we decided to get involved in this type of business. If there is a way to avoid such losses, sure everyone will make it as their only thing to get money. Profit and lose are two common things in trading.
To get good profit and to avoided losing money in crypto we should learn different thing in trading, not only technical analysis but also learn about risk management and trading plan. Many trader did not use stop loss in crypto trading and finally many of them loss more than 50%, even any trader loss up to 90%. We have to use stop loss because price of crypto very high volatility.
For a beginner, you can give such advice - start with a very small amount and within a month do not add anything to your deposit, if you can increase your deposit then you can think about increasing the amount, but not much.
This method might have been worked for you but I dont really believe in the technical analysis! The crypto is already making its way with the fundamentals and nothing else. The fundamentals are crypto movements based on the worlds news, there different updates and much more to count on and thats why I think it depends more over it rather than the technical analysis. Lets agree on one thing that technical analysis itself changes according to the fundamental. I dont even understand what the Bollinger is but I do make the perfect trades all the time.
Technical analysis still works perfectly well as long as you know what you are doing and you do not rely on it so much to the point where you would not be utilizing your stop loss in any way. It is a market, nothing is predictable, but these analyses are there to guide you into the right direction and I must say as far as I am concerned, you cannot do without them unless you want to screw up so badly in your trade. He has mentioned some very good indicators which I myself have been using and at least 70% of the time, I usually end up getting it right.All prediction of price action by use technical analysis is never always accurate, so we should be have risk management if the prediction wrong and the price going down. To avoid loss from wrong analysis is always use stop loss, because once we not use it and incase the price crash we will difficult to recover that loss and also should be waiting long to recover it.
No one said it should be accurate as technical analysis are not there to predict the future of the market for you, they are just there to guide you in the decision you want to make at any point in the market. That is what a lot of people fail to realize. Professional traders will not be making use of stop losses if technical analysis works all through. Also, only a trader who is ready to get burned will be expecting a 100% successful trade. You cannot be one step ahead of the market; you just have to find a way to blend with the trend with the help of these indicators.
I follow the market or short wave 30M candle based on MACD and BB only
I'm trading some coins on Binance, Kucoin and IDEX, HOTBIT, and I realized that trade on big exchanges are not a good choice, I get more profit when trading on some small or medium exchanges, and they key is choose the coins that have fluctuation up - down large and happens on a regular basis.
Just from my personal experience, want to know more from other guys
Just from my personal experience, want to know more from other guys
All prediction of price action by use technical analysis is never always accurate, so we should be have risk management if the prediction wrong and the price going down. To avoid loss from wrong analysis is always use stop loss, because once we not use it and incase the price crash we will difficult to recover that loss and also should be waiting long to recover it.
This method might have been worked for you but I dont really believe in the technical analysis! The crypto is already making its way with the fundamentals and nothing else. The fundamentals are crypto movements based on the worlds news, there different updates and much more to count on and thats why I think it depends more over it rather than the technical analysis. Lets agree on one thing that technical analysis itself changes according to the fundamental. I dont even understand what the Bollinger is but I do make the perfect trades all the time.
You know why you avoided the loss as a Newbie trader because you study and know all this stuff and hence you are not a newbie in the world of trading.
I know many people who are trading for quite some time but does not know this technical stuff. I think if you really want to earn good and want more earnings then losses, then i think Study and knowledge is the most important factor, but i think this is not followed by most of the traders out there.
I know many people who are trading for quite some time but does not know this technical stuff. I think if you really want to earn good and want more earnings then losses, then i think Study and knowledge is the most important factor, but i think this is not followed by most of the traders out there.
Additional for OPs advise: Focus on how you can earn money!!! By doing that you will avoid losing money passively. If you focus yourself on avoiding losses you'll never earn. Try to read a lot about trading, risk management, indicators, oscillators. Watch live trading guide or market review on youtube I suggest tosubscribe on philakone his videos will help you a lot(Well not all his videos, some of them are funny 
).
). When you are a newbie you can refer to something on tradingview.com
1.Technical:
RSI (Relative Strength Index) (14): RSI <30, oversold => should buy. RSI> 70 - overbought, you should not buy at this time.
Fibonacci: There are Support and Resist. When prices hit the S, P, R levels, the price will rebound, so You pay attention around S, P, R levels.
You should buy (support) and sell (resist) around these areas.
2.Chart:
The result is Bollinger Bands.
You can refer to the Bollinger Bands here: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands
These are just some of the simplest indicators for beginners to trade as they are to have safe levels, avoid losing money.
I am also a newbie sharing knowledge so expect people to help. Thank you for reading
1.Technical:
RSI (Relative Strength Index) (14): RSI <30, oversold => should buy. RSI> 70 - overbought, you should not buy at this time.
Fibonacci: There are Support and Resist. When prices hit the S, P, R levels, the price will rebound, so You pay attention around S, P, R levels.
You should buy (support) and sell (resist) around these areas.
2.Chart:
The result is Bollinger Bands.
You can refer to the Bollinger Bands here: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands
These are just some of the simplest indicators for beginners to trade as they are to have safe levels, avoid losing money.
I am also a newbie sharing knowledge so expect people to help. Thank you for reading
You know why you avoided the loss as a Newbie trader because you study and know all this stuff and hence you are not a newbie in the world of trading.
I know many people who are trading for quite some time but does not know this technical stuff. I think if you really want to earn good and want more earnings then losses, then i think Study and knowledge is the most important factor, but i think this is not followed by most of the traders out there.
When you are a newbie you can refer to something on tradingview.com
1.Technical:
RSI (Relative Strength Index) (14): RSI <30, oversold => should buy. RSI> 70 - overbought, you should not buy at this time.
Fibonacci: There are Support and Resist. When prices hit the S, P, R levels, the price will rebound, so You pay attention around S, P, R levels.
You should buy (support) and sell (resist) around these areas.
2.Chart:
The result is Bollinger Bands.
You can refer to the Bollinger Bands here: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands
These are just some of the simplest indicators for beginners to trade as they are to have safe levels, avoid losing money.
I am also a newbie sharing knowledge so expect people to help. Thank you for reading
1.Technical:
RSI (Relative Strength Index) (14): RSI <30, oversold => should buy. RSI> 70 - overbought, you should not buy at this time.
Fibonacci: There are Support and Resist. When prices hit the S, P, R levels, the price will rebound, so You pay attention around S, P, R levels.
You should buy (support) and sell (resist) around these areas.
2.Chart:
The result is Bollinger Bands.
You can refer to the Bollinger Bands here: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands
These are just some of the simplest indicators for beginners to trade as they are to have safe levels, avoid losing money.
I am also a newbie sharing knowledge so expect people to help. Thank you for reading
this is the basic knowledge about the Bolinger bands and RSI, lots of traders never about this matter, and it not that easy to understand it also
actually, but you as newbie, good to know that you get the point of this things on trading. It is actually seldom to see a people like who can
quickly get the catch of trading, keep it up dude.
You have to be attentive even if you are using a simplest I indicators like RSI. When Whales got to manipulate the market, even the indicators you've mentioned are useless. Anyhow, being attentive when having an entry in trading will further help you more to cut loss if ever or to exit immediately when you already profited.
Somehow experience will still be the best teacher despite of these learnings that we have. This is a whole package that we must possess or else this be just nonsense. Whales are whales and if they start to move no matter how good are you, it will just leave you hang in the wind.
So if you doesn't have balls for risk then forget trading.
There is a thing called "Risk Management"
Experienced traders always have it
either by a cut loss or a wise entry points
with this it minimized risk and will make your balls bigger
You have to be attentive even if you are using a simplest I indicators like RSI. When Whales got to manipulate the market, even the indicators you've mentioned are useless. Anyhow, being attentive when having an entry in trading will further help you more to cut loss if ever or to exit immediately when you already profited.
Somehow experience will still be the best teacher despite of these learnings that we have. This is a whole package that we must possess or else this be just nonsense. Whales are whales and if they start to move no matter how good are you, it will just leave you hang in the wind.
So if you doesn't have balls for risk then forget trading.
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