Topic: Difficulties (ups and downs) faced in trading? - page 2. (Read 592 times)
For me, trading cryptocurrency is only profitable when everything is healthy. Even if you don't know a lot in trading, you can make a lot in here because money is still pouring like back in 2017 . So for those starters, it's really a bad time to decide for yourself to trade right now.
Yes seem technical analysis is not work in crypto trading, we can see the price of altcoin was going down lower than price in 2017, even the price back to the bottom like in 2016. In this situation is more difficult to make profit so is better we just use small amount to trade and use others balance to trade in others asset except crypto. When bull market is back we use more money to trade crypto because in this up trend is more easy to earn profit.
It's really difficult to ride this. Have many friends that quits because they loss with their investment because they can't have a god choice on the market volatility. I think practice will make you more knowledgable and reading some messages.
Trading is a game of wits, only the smartest are able to make money at the expense of those who are less smart as they are, particularly in a bear market
In thses recent situation difficult to work in trading because hard ti choose and predict which coins goes up
Yes that's the reality trading job are so difficult as of now hiw ear profits but in the right will gonna be ok again
Yes that's the reality trading job are so difficult as of now hiw ear profits but in the right will gonna be ok again
In my opinion, trading is a stressful job. There are so many changes and so many things happening that its hard to keep track and most importantly to decipher what piece of news cause a don or up trend. For now, I think we're in up.
Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?
Well, to begin to study the functionality of the exchange, the simplest slang trader formation, what are the currencies, strategies, at least to hear it.
Make a note on the sheet with the rules of money management!!!
Always use stop orders, so as not to lose everything at once.
A lot of very nuances, everything will come with experience!
Beginning a trade requires great deal of trading knowledge as there is absolutely no way you .can do well without it. Understand the nature of the market you are trading, The fundamentals, and all the basic things necessary and over time, you will get your own strategy and how to always play around it.
Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?
Aside from actually trying to learn and study first before going in, I always suggest that new traders should always use only a very small percentage of their total trading stack(probably 5%, depending on how much the total stack is) to start their trading. As beginners, it's highly likely for them to lose money first as they learn. They should just increase the percentage as they get confident as time goes.
I do not even advise any new trader to use a little bit of their money or a certain percentage, which most of the time, they usually do not tend to learn much that way based on practicing what they are learning. They could still blow it all away and then eventually get to add more to their position to trade. The best is just to, at least use some of the sites that offer demo trading with free money to practice, get good at your strategy, utilize it for a very long period of time and gain enough confidence before even entering the real trading world.
For a beginner going to trade cryptocurrency, you must learn what cryptocurrency is all about. The depth of your knowledge will create clear understanding of how cryptocurrency works. In addition to cryptocurrency knowledge, you should learn how to identify fundenmental and technical factors that will have a bearing on short to long of your holding!
Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?
Yeah, there is no single lie in all the things you have said, the only issue is that it sounds so simple when saying it, but when the reality kicks in, it becomes a totally different thing. Trading is not just about technical analysis; it is all about understanding some certain things, getting to have some attributes from experience before deciding to go fully into trading.Trading is a profession, but some people tend not to see it that way. It requires learning, practicing as much as you can and gaining confident over time.
My advice usually for new traders is never to rush into it and they should simply take their time and do it right. Paper trading and demo trading is something achievable in which you won't have to trade with real money, but you can practice with these methods, and see how far you get to go.
As I know traders mostly looking to find the short term profits only. If the coin xyz seems growing phase then they choose this coin as today's investment and end of the day they will gain the profit accordingly.
Apart from the people who is involved in day trading they have their investment into two halves one is good altcoins which tends all holding and growth asset. Next one is short term profitable investment to make money.
Apart from the people who is involved in day trading they have their investment into two halves one is good altcoins which tends all holding and growth asset. Next one is short term profitable investment to make money.
Although Bitcoin may be considered as a commodity at the present time, it is only for those who are willing to pay for it, so Bitcoin prices tend to change constantly.
History price of the crypto can help to determine support and resistance area, although this way not fully accurate but will help to decide which price to buy and sell. And to minimize the risk from wrong prediction do not forget to use stop loss, because no one trader can make analysis always in accurate.
Trading is not easy to use. Before star the trading. You knoe how to use it. So learn the trading information and process. Time is important of this process. So follow the market place price. Market price is every time up and down. If price down. People buy and hold it. Time to sell and time to buy. Market place is give more information of the price list. Then plan to work. Trading is good investment. But time to acctive. Trading is connects the all country people. So choose your best coin then invest and start the trading.
I always advise you to start trading small amounts that you do not mind losing. So it will be easier for you to learn how to control your emotions. Technical aspects of the trading strategy are extremely important, but the factor that determines long-term success is the person's ability to control his emotions.
Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?
It's only natural for new traders to study and do some research on the market. Don't get too hasty on doing trades, instead analyze the chart whether is good to buy or to sell depending on the prices and volume of the coins you are interested in.
If you're a beginner, it's better to focus in buying more bitcoin and less than altcoins
Beginners can focus on buying altcoins as well so long as the altcoin they choose to invest into have long history and did not experience a pump recently. Focusing only on trading bitcoin would not help them gain more knowledge on trading cryptos.Aside from actually trying to learn and study first before going in, I always suggest that new traders should always use only a very small percentage of their total trading stack(probably 5%, depending on how much the total stack is) to start their trading.
That would depend on how much money they got on their portfolio IMO. If a beginner's portfolio is less than 100$, it is better to start with 15% of their money in crypto rather than 5%. 
Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?
Learn about basic knowledge and money management, disciplines and focus to fix your strategy. Up and down is reality and from there we can find opportunity create income with realistic target. Most people only focus with their profit but never from their mistakes, don't do that.
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