Topic: Best Trading Strategies- Best Practices - page 4. (Read 1043 times)
Also, don’t invest all your money at one time. Leave yourself some leverage for more buys if the price drops after you buy.
All of those are right but at the same time they are lacking. Experience is very important and you may "know" all of these but if you don't really practice these things you will definitely still fail, these things are not really good on paper as much as actually doing it.
What you may think "price action" may turn out not "price action" if you don't even know what you are looking for, same with all other ones as well.
I would probably add in how to use all the things exchanges offer as well, stuff like stop loss and etc etc because those would really help as well. In the end if you do not really use everything you possibly could and maximize and then put it to work there is no way you will ever become a good trader. After you made sure you got all of that down, usually you make yourself an own pattern and keep following what helped you profit and change small stuff that doesn't feel right.
What you may think "price action" may turn out not "price action" if you don't even know what you are looking for, same with all other ones as well.
I would probably add in how to use all the things exchanges offer as well, stuff like stop loss and etc etc because those would really help as well. In the end if you do not really use everything you possibly could and maximize and then put it to work there is no way you will ever become a good trader. After you made sure you got all of that down, usually you make yourself an own pattern and keep following what helped you profit and change small stuff that doesn't feel right.
I avoid margin trading and leaving coins on exchanges for a long period of time, i try always have the coins with me.
Long trades is what worked for me so far, two three years to cash out.
I also trade gold and silver and i think this is the right moment to get in and hold for 10 - 20 years.
BTC, XMR, ETH, BSV i think they are also good coins to buy and hold for 5 - 10 years.
Long trades is what worked for me so far, two three years to cash out.
I also trade gold and silver and i think this is the right moment to get in and hold for 10 - 20 years.
BTC, XMR, ETH, BSV i think they are also good coins to buy and hold for 5 - 10 years.
which is attached by you is indeed part of the technique of trading, and this is only a chapter where we have to look for more in-depth information about sub-chapters that have not been attached. actually quite helpful, because directives like this people who are new to trading can do their own research and study the chapter that you attach.
I know it's not easy to start when you planned according to your will to learn. When doing certain research or other options just to learn, using minimal amount of money is very safe to avoid losing huge amount of funds. Technique will gradually be acquire as long as you're hardworking and motivated with your plans in life.
In my opinion, there is nothing like best trading strategy. It is generally a set of strategies which one uses to gain expected results. trading requires thoughtful and strategic outlook with emotional discipline to make it result oriented. However, study price action was good for me. I tried a lot of systems and indicators and eventually dropped them all. Now I just trade reversals from support and resistance. Try to know where are these levels, and how to trace them. then wait the price is close to these levels, make a programmed order price to start and to close your trade.
In trading, we consider many factors that determines our buying signal or selling signal, we use different tools to tell the market if it is profitable or not but in my opinion, these are set of standards that make the choice of everyone as one. If there are no standards on when to buy or not, market will not be profitable, though, these standard are connected and formulated based from the basic rule of economics which is demand and supply, some people have just created their own system which is definitely manipulates the market.
which is attached by you is indeed part of the technique of trading, and this is only a chapter where we have to look for more in-depth information about sub-chapters that have not been attached. actually quite helpful, because directives like this people who are new to trading can do their own research and study the chapter that you attach.
Exactly that's SOME of the things they need to study however there's a lot of different of analysis too that to be considered and they can use it as well to have their own strategy to use on the market, if they're a newbie they might as well understand the candle stick patterns and indicators will have a very good impact to analyze the market carefully.
Also hearing other's idea as well and taking it as consideration might actually give you not a 100% right prediction but there's a high chance that the readings or strategy that you've created will work.
Also hearing other's idea as well and taking it as consideration might actually give you not a 100% right prediction but there's a high chance that the readings or strategy that you've created will work.
- Watch the price action
- Watch the order flow
- Recognize the pattern
- Do quant analysis
- Study charts
- Analyze trends
When you are trading beginner, there is a lot to learn. Here are a few steps to get you started in the right direction. These tips will not only help you decide what and when to trade, but also show you how to manage risks, and how much capital you will require.
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topics like this have often been discussed, Good traders don't only rely on strategy but also mentality and patience, the most difficult thing in trading is not about strategy or analysis, but patience in controlling yourself from fear and greed.
I'll add additional strategy or best practice in trading.
This is one of the best weapons in trading and this should be practice especially if you are starting in the trading.
One of the Best Weapons in Trading
That thread also talks about the stop-loss, which is very important in trading. You will know that as you go along in trading. I hope everyone will learn more trading strategies and become successful in trading.
This is one of the best weapons in trading and this should be practice especially if you are starting in the trading.
One of the Best Weapons in Trading
That thread also talks about the stop-loss, which is very important in trading. You will know that as you go along in trading. I hope everyone will learn more trading strategies and become successful in trading.
I also don't think OP's few bullet points do much to demonstrate managing risks and required capital at all; there's ultimately a lot of information you need to know with risk management like proper position sizing and the risk-to-reward ratio of trades you're making , and a lot more as well. As for required capital, you shouldn't be expecting massive profits when starting out in trading, but realistically you might see something like growth in the single percentages every few days if you somehow manage to become extremely consistent with your trades, but is that small percentage of profit of however much you choose to put into trading worth it for you for how much time you're putting into your trades? It's generally not a great idea to put a ton of money into trading, but it might also not be worth your time to be earning just a few dollars when there might be more productive things to do.
I think the best strategy in Bitcoin and most markets is just to go with the trend. So if you are trading stocks, only go long and don't short, don't assume you can catch the beginning of a recession when we are in s strong bull market.
So if the general trend is long, look for indicators which point for long trades. And if a trade goes against you, get out quick. If it works, don't get out quick. Add to your entries on up-trend markets and you will maintain a good average price with a big stop loss and amazing potential growth. Basically complete opposite of what most new traders are doing.
So if the general trend is long, look for indicators which point for long trades. And if a trade goes against you, get out quick. If it works, don't get out quick. Add to your entries on up-trend markets and you will maintain a good average price with a big stop loss and amazing potential growth. Basically complete opposite of what most new traders are doing.
- Watch the price action
- Watch the order flow
- Recognize the pattern
- Do quant analysis
- Study charts
- Analyze trends
When you are trading beginner, there is a lot to learn. Here are a few steps to get you started in the right direction. These tips will not only help you decide what and when to trade, but also show you how to manage risks, and how much capital you will require.
Order flow? This one is recognizable
Pattern? Theres no such thing
Charts? Better than nothing
Trends? Its all random
Best strategies on our ears but actually not a precise thing for you to handle out this very unpredictable crypto market
and as said earlier this one is better than nothing at all.
You have summarized everything very much. Better take a separate pattern from the above list, analyze it, and post on the forum.
Of all the above, I can focus my attention only on the analysis of the charts. Since this is one of the fastest ways in understanding how the tool worked on the market until the current specific moment.
I’m talking about this in the past tense because not all coins and investment instruments operate according to the same scheme as before.
Having studied thoroughly any tool and its movements in the market, it will help you to seem that you understand the principles of working with it.
However, in the process of his further interaction with the market, he may show completely different behavior.
From my own experience I can say that there are a lot of manipulations on the market, which means that the first thing you should learn to understand is when this
or that situation can arise in the market for certain manipulations.
It is difficult, however, can very much help you out in controversial and controversial moments.
Of all the above, I can focus my attention only on the analysis of the charts. Since this is one of the fastest ways in understanding how the tool worked on the market until the current specific moment.
I’m talking about this in the past tense because not all coins and investment instruments operate according to the same scheme as before.
Having studied thoroughly any tool and its movements in the market, it will help you to seem that you understand the principles of working with it.
However, in the process of his further interaction with the market, he may show completely different behavior.
From my own experience I can say that there are a lot of manipulations on the market, which means that the first thing you should learn to understand is when this
or that situation can arise in the market for certain manipulations.
It is difficult, however, can very much help you out in controversial and controversial moments.
- Watch the price action
- Watch the order flow
- Recognize the pattern
- Do quant analysis
- Study charts
- Analyze trends
When you are trading beginner, there is a lot to learn. Here are a few steps to get you started in the right direction. These tips will not only help you decide what and when to trade, but also show you how to manage risks, and how much capital you will require.
I think this is not an appropriate board, try to move your topic to here, Economy > Trading Discussion . Scroll down and find below the "move topic" button.
There are too many threads that were created before and I think just try to research first before you will open a topic.
1) Tips for newbies to trading
2) Tips to actually start earning from Trading & END LOSES
3) 3 Top Tips to Stay Safe While Margin Trading Crypto
4) See 10 Best Tips to Make the Most Money In Bitcoin Trading
5) TradingView tips and tricks
I think that is enough for you to study very well regarding trading.
There are too many threads that were created before and I think just try to research first before you will open a topic.
1) Tips for newbies to trading
2) Tips to actually start earning from Trading & END LOSES
3) 3 Top Tips to Stay Safe While Margin Trading Crypto
4) See 10 Best Tips to Make the Most Money In Bitcoin Trading
5) TradingView tips and tricks
I think that is enough for you to study very well regarding trading.
Always check or study the market movement of a specific coin before investing. Be patient enough to wait for the right timing when to trade for you to be able to avoid losing your money. Analyze the factors why that coin is increases its price and why that coin dumps. In that way, you will be able to predict its next price at some point.
- Watch the price action
- Watch the order flow
- Recognize the pattern
- Do quant analysis
- Study charts
- Analyze trends
When you are trading beginner, there is a lot to learn. Here are a few steps to get you started in the right direction. These tips will not only help you decide what and when to trade, but also show you how to manage risks, and how much capital you will require.
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