Be a newbie trader. I avoided losing money. how? - page 8.

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: anhchangdeptrai13 on March 25, 2018, 11:36:43 PM

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 Kiss

These are basics that newbies can learn a lot from though application is also very important. That:s why aside from doing studies and rsearches and keeping yourself well informed about the essentials, you have to familiarize yourself with what you're doing.

itscomplicated

newbie

Activity: 84

Merit: 0

Add MACD(Moving average convergence divergence) to your list,
Traders use the MACD for determining trend direction, momentum and potential reversals. It is used to confirm trades based on other strategies, but it also provides its own trade signals. Figure 1 shows the MACD applied to a daily chart of Apple (AAPL) stock. Two lines compose the MACD: the MACD line and Signal line (https://traderhq.com/)

MrPiggles

sr. member

Activity: 980

Merit: 256

Decentralized Ascending Auctions on Blockchain

Quote from: abanansah on July 24, 2018, 04:26:13 PM

Avoiding losing money is not something you can control , the market determines weather you win or lose and not understanding technical or fundamental analysis.

It is difficult to make a profit in this market because good news and bad news constantly appear in one day. I think losing money is inevitable because it is a time when you will have more lessons to be able to survive in this market. Most people leave the market because they are increasingly depressed about their investments

Lakai01

legendary

Activity: 2296

Merit: 2721

Indicators like RSI should be used exactly as their name suggests ... indicators. They are far from being a safety net or something which indicates a safe trading area. If it would be that easy most of us would be rich already ;-)

I noticed that such indicators work way better in the traditional market than in the crypto market. The latter is way more news and fud driven in my opinion, something which no indicator out there may predict.

websoftwareengineer

full member

Activity: 364

Merit: 100

Blockchain with VTOS energy

Quote from: abanansah on July 24, 2018, 04:26:13 PM

Avoiding losing money is not something you can control , the market determines weather you win or lose and not understanding technical or fundamental analysis.

Its true that you cannot control losing money every time you trade because the market price is volatile so it was always good to study how the market works before investing a huge amount.

abanansah

member

Activity: 328

Merit: 10

www.daxico.com

Avoiding losing money is not something you can control , the market determines weather you win or lose and not understanding technical or fundamental analysis.

fibrolit

sr. member

Activity: 784

Merit: 255

Quote from: anhchangdeptrai13 on March 25, 2018, 11:36:43 PM

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 Kiss

From my own experience, I can say that forecasts, even based on numerous analyzes, are very often incorrect. I read a lot of tradingview, I was subscribed to by many groups in Telegram, I read many other sources and interviews of well-known traders. Result: forecasts are justified by a maximum of 20-30%.

givinggirl

newbie

Activity: 140

Merit: 0

Learning is continuous and I have learned from this. For most airdrops who earned their tokens from airdrops, they find it unnecessary to learn trading rather is to find out where a coin is listed and jump to sell. But like ever other skills, Crypto trading needs learning and mastering the skills of trading. Once again, thank you for sharing.

Leonard2016

hero member

Activity: 1036

Merit: 520

that was a good information , and i'm also think every one needs to learn before trade , but Fibonacci analysis is more than that , It's about Fibonacci series in mathematics and golden points , A complicated method but very intersting.

nightways

full member

Activity: 434

Merit: 102

Quote from: anhchangdeptrai13 on March 25, 2018, 11:36:43 PM

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 Kiss

This is really a good thing that you have managed to learn so many things before even getting into the world of trade. It is rightly said that if you will keep on getting more and more knowledge and awareness regarding the things before starting your trading carrier and even after that, you will no doubt be able to make some very good carrier in trading and that it will help you in making of a huge money too.

anhchangdeptrai13

jr. member

Activity: 84

Merit: 5

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 Kiss

Topic: Be a newbie trader. I avoided losing money. how? - page 8. (Read 2504 times)