Topic: Best trading strategy (Read 110 times)

The best trading strategy I could recommend is always buy when the coins is at it's lowest. To determine this you need to check some historical data of the coin you are buying. After buying a coin when it is at it's lowest hold on to it and sell for a higher amount. This is common with beginners with no technical knowledge on trading, always remember never sell a coin without any profit, you can hold on to it until such time it has some profit before you sell it. Another strategy I use is averaging, but this is more like a long term goal, so first before engaging in trading you have to set goals for your self. In averaging you will buy the coin anytime you feel you want to buy the coin, and you hold on to it for quite sometime calculate the total amount you spent on those coins and sell it for good prices. This works when for sometime you bought a coin at it's highest peak and also bought coins at it's lowest peak at the end of it you should get more settle in the middle before selling. In trading you are not considered that you lost until such time you sell your coins, so if you see that there is no profit yet from the coins you are currently holding on, just hold on to it and just sell when you see that at least you earn something from it.

 By learn technical analysis and fundamental analysis is should be done when jump in to crypto trading. Beside that we should be have risk management and trading plan to minimize the risk. And then the most important thing is we should be has good psychology like not greedy and always patient.

In my humble opinion, support and resistance are the best strategies for trading or speculation, especially in small and medium time frames, because trading in the cryptocurrency is somewhat different from the Forex market, which largely respects technical and fundamental analysis, but in cryptocurrencies the equation is relatively different since Bitcoin in the movement of high or low turn the market either to redness or greenness of this I think the best strategies to rely on subsidies and resistances and currency trend in addition to the buy and sell orders that determine the direction of currency
As the lowest levels of the price movement and bounce back from the price often in the direction of the rise after the movement of the previous drop and resistances as levels are the highest movement of the price and bounce back down after a previous rise and determine these support and resistance by peaks and bottoms and these peaks and bottoms are formed as a result of exchange Buyers and sellers control the market and this is the peaks and bottoms, and simply every bottom is a support from which the price rises upwards and each resistance peak from which the price rebounds upwards but the price does not return from these levels, but can be exceeded, which is called the break and is completed by closing the candle Down and or higher level by position and b Subject to result in the exchange of roles between support and resistance becomes support and resistance, and vice versa
This is why my dear brethren must take into account not to break the trend and the decision to trade, for example in the upward trend is on the side of the purchase and of course after the break of resistance, but if the trend is accidental purchase when the support and break the resistance in the cross direction and vice versa if the trend declined
And remains in the latter control of the barriers now, including what is imaginary, which is placed to deceive traders and buy at high prices and then pull whales or buy their own and the currency decreases and buy from the bottom and vice versa.
As for the indicators, it remains only to help my point of view