Follow the technique if you have zero trading knowledge in crypto

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Quote from: Etranger on January 07, 2024, 03:00:30 PM

If TA and other trading tools are only somewhat important, than what exactly you find the most relevant and essential for a profitable trading? I agree, that knowledge is the first thing to start with when it comes to trading. However, most knowledge is gained through experience in this case. And if you don't begin to actually trade, your knowledge will remain only theoretical and unproved.

Yes, indeed, no amount of knowledge will help you in trading if you do not have the proper experience. It is for this reason that beginners continue to lose their money, despite the fact that they have made every effort to gain knowledge. But undoubtedly, they still have more chances over time to trade profitably, which cannot be said about those who have neither knowledge nor experience.

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Quote from: Kelvinid on January 07, 2024, 07:18:27 AM

Quote from: |MINER| on January 07, 2024, 02:54:41 AM

It is also one of the rules of trading that trade by understanding the market conditions. Even if the conditions are bad, if one trades, he must lose everything. It is better to keep your mind away from trades and train when the situation is good. Also, excessive greed can never bring good things, so one should be satisfied with little without trading repeatedly in the hope of huge profits. And one should understand the market situation, when to buy. And when to sell. And nothing changes overnight. So first you need to know why the price is rising suddenly then you need to know if it is really true and only then you need to trade.

To avoid losing a lot, one must have to go deeper and understand the market behavior.
Upon trying to trade with ZERO knowledge we are just like going to gamble and hoping for luck, not a chance. With the unpredictable trend of the market, one simply it needs to have deep knowledge and it is highly required in trading, or else, better not to pursue it because it only leads to sad ends.

Knowing to buy and knowing to sell is not enough for me. TA and other trading tools are somewhat important because this is the way it help to improve our profitable chances.

Even if it is true that TA is not everything, it should be the starting point for everyone that is trying to become a trader, and this is because even if TA is not completely effective, it is the best tool we have at our disposal and it is doubtful this is going to change, besides the rest of the skills which are necessary to become a good trader have to do with your execution and with your experience, and that is something that you can only acquire by actually trading the markets.

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Quote from: Kelvinid on January 07, 2024, 07:18:27 AM

TA and other trading tools are somewhat important because this is the way it help to improve our profitable chances.

If TA and other trading tools are only somewhat important, than what exactly you find the most relevant and essential for a profitable trading? I agree, that knowledge is the first thing to start with when it comes to trading. However, most knowledge is gained through experience in this case. And if you don't begin to actually trade, your knowledge will remain only theoretical and unproved.

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Quote from: |MINER| on January 07, 2024, 02:54:41 AM

It is also one of the rules of trading that trade by understanding the market conditions. Even if the conditions are bad, if one trades, he must lose everything. It is better to keep your mind away from trades and train when the situation is good. Also, excessive greed can never bring good things, so one should be satisfied with little without trading repeatedly in the hope of huge profits. And one should understand the market situation, when to buy. And when to sell. And nothing changes overnight. So first you need to know why the price is rising suddenly then you need to know if it is really true and only then you need to trade.

To avoid losing a lot, one must have to go deeper and understand the market behavior.
Upon trying to trade with ZERO knowledge we are just like going to gamble and hoping for luck, not a chance. With the unpredictable trend of the market, one simply it needs to have deep knowledge and it is highly required in trading, or else, better not to pursue it because it only leads to sad ends.

Knowing to buy and knowing to sell is not enough for me. TA and other trading tools are somewhat important because this is the way it help to improve our profitable chances.

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It is also one of the rules of trading that trade by understanding the market conditions. Even if the conditions are bad, if one trades, he must lose everything. It is better to keep your mind away from trades and train when the situation is good. Also, excessive greed can never bring good things, so one should be satisfied with little without trading repeatedly in the hope of huge profits. And one should understand the market situation, when to buy. And when to sell. And nothing changes overnight. So first you need to know why the price is rising suddenly then you need to know if it is really true and only then you need to trade.

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Quote from: Maslate on January 05, 2024, 06:12:43 PM

Techniques are actually useless if you have no sufficient information how to use them. So yes, it's always better to educate yourself first and gain more knowledge and insights regarding bitcoin investing and trading, before you risk your time and capital in trading.

Trading is hard most especially for those who are still starting to trade, otherwise you will end up trading like gambling and eventually lose all your capital.

I would say regarding the time it is not risking, it is investing. Even if you find out in the process that trading is not your kind of thing, those knowledge won't be something superfluous and unnecessary. Trading could open your eyes on the way the market works, it could teach you to look deeply into the problem and analyse complicated phenomenons.

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[quote author=Maslate
Techniques are actually useless if you have no sufficient information how to use them. So yes, it's always better to educate yourself first and gain more knowledge and insights regarding bitcoin investing and trading, before you risk your time and capital in trading.
[/quote]
Nowadays, this capital can be used as the first tool in trading relations, although some people do not consider it to be the initial form of the problem, but the reality is that now the knowledge of someone who is already passionate about trading, if there is no capital, it will really be difficult for him who has a lot of capital. Those who have become involved in trading will still be unable to compete with those who do not have much experience but have a lot of capital in their pockets.

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Quote from: SAHASAN on December 15, 2023, 09:05:28 AM

I was zero knowledge with crypto trading but Belive me my 90% trade was successfully profit gainer with just maintenance following technique.

Follow appropriate techniques If you want to continue enjoying the profits runs and no stopping to milking from the system. Knowing nothing about the market means that one should not trade any coin or invest in any project because he or she has yet to discover the core information. There will be numerous mistakes made, so the best way to avoid it is to avoid crypto and first and foremost learn before you earn. Knowledge is the primary foundation required to advance in cryptocurrency; without basic and legitimate information, trading and other crypto ventures are deemed insufficient.

Techniques are actually useless if you have no sufficient information how to use them. So yes, it's always better to educate yourself first and gain more knowledge and insights regarding bitcoin investing and trading, before you risk your time and capital in trading.

Trading is hard most especially for those who are still starting to trade, otherwise you will end up trading like gambling and eventually lose all your capital.

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If you have zero trading knowledge in crypto, don't resort into following trading techniques because it won't still be successful, but never trade instead so you can save your capital from losing.

Trading requires high knowledge and skills, if you think you don't have what it takes to trade profitably, then delay your trading plans and just settle on investing.

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Quote from: SAHASAN on December 15, 2023, 09:05:28 AM

I was zero knowledge with crypto trading but Belive me my 90% trade was successfully profit gainer with just maintenance following technique.

I've seen many people trade for years and never make a profit. I don't think anyone has ever been able to trading with zero knowledge, but you were very exceptional and lucky in that regard. I don't have much experience in trading, where I live I have a neighbor who trades regularly. I talk to him regularly, he told me one day that he made a lot of profit by trading for two to three days. But the next day I heard the opposite news, he had lost some extra money along with all the gains he had made. One thing I realized was that he couldn't control himself by getting greedy for high profits in short term investments so he lost all his money. The biggest thing is that mind set is very important for trading.

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Quote from: SAHASAN on December 15, 2023, 09:05:28 AM

If you are know in crypto trading you can follow it.
I started trading from 2017

I was zero knowledge with crypto trading but Belive me my 90% trade was successfully profit gainer with just maintenance following technique.

>> Remember sometimes not trading is part of trading so wait and wait for more bad news to come after the market is bearish and remember that time is the right time to look for buying and trading opportunities.

>> Do not try to gain extra profit. Remember that expecting too much profit can make you addicted to profit and incur huge losses.

>> When you see the price increasing very quickly in a very short period of time and there are posts and discussions everywhere including social media that the price will increase, then refrain from catching any buys and trades and investigate the reasons for the price increase.

I don't have much experience in trading but I follow this strategy most of the time like you. I never keep myself calm on the trading platform I always trade keeping myself calm on the trading platform. Especially now I am connected to the trading platform for a long period of time I never have time on the trading platform I always trade on the trading platform with short periods of time. Especially never be greedy in trading platform whenever a person is greedy in trading platform that person will lose money from trading platform and will be in loss. So first of all you have to get rid of greed to start trading. Also never trade with emotion on trading platform, trading with emotion will make you lose money from trading.

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Quote from: Ziskinberg on December 25, 2023, 05:42:23 PM

If you have zero trading knowledge, then following some techniques that you don't hold guarantees if they are effective or not will only increase the risk of losing in trading. That's why before you engage in trading, see to it that you have prior knowledge and even some skills related to trading, otherwise you will only trade without no clear goal, but end up wasting your energy and money in trading.

I don't really get what is OP is trying to say here, but one thing I'm certain, no trading knowledge when trading is a red flag and should always be discouraged.

Even just a low level of knowledge is a red flag too, it seems to me a lot of people really do not understand the nature of the markets at all, it seems they just think of trading as a game in which they can make some money, but they do not realize that behind every single movement in the market there are people like them that are also trying to make money, and if they are no better than the average trader then they will have no chance to earn anything at all, since any money that you make on the markets is money that previously belonged to someone else and that you just happened to outsmart.

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If you have zero trading knowledge, then following some techniques that you don't hold guarantees if they are effective or not will only increase the risk of losing in trading. That's why before you engage in trading, see to it that you have prior knowledge and even some skills related to trading, otherwise you will only trade without no clear goal, but end up wasting your energy and money in trading.

I don't really get what is OP is trying to say here, but one thing I'm certain, no trading knowledge when trading is a red flag and should always be discouraged.

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Quote from: cakravothy on December 24, 2023, 04:50:40 AM

what techniques do you use in trading or what indicators do you use in trading. can share the portfolio, if it's good, I might be interested in learning what indicators to use.

If trading without any knowledge at all, it's better to start with copy trade, don't trade right away, what's more big capital. or you can use a demo account first in MT4 forex market cypto there is also really.

I prefer to create a demo account first so you can test the techniques all you want. Either it will be a failure or not, at least you know as to where its heading. But even in trading with demo account, prior knowledge in trading is still important. Trading is not suitable for those who are still in the position of acquiring knowledge as trading is all about skills and enhanced strategies to expect positive outcome from trading. If you think you don't have that, better to focus first on long term hodling.

After all, long term hodling still promise huge amount of profits. A lot of traders turn into long term hodling and still end up successful as long as patience and determination is always present.

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It is simply said that we all have differences and even if I follow your steps or technique in trading OP, I was certain that the results are different. WHY? That will matter in our decision, especially in critical times and I can't borrow your mind to think for me on behalf but rather make mine.

If you succeed in trading, then congratulations. I will tell you that only a few traders have gained success in trading and this is because
- knowledge level
- mindset
- market approach

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Many people start trading without knowing about trading, including when I first started trading. Only some people can determine the right time to look for buy and sell opportunities in trading. What you share needs to be tried continuously so that they can find the time to trade. And if it is altcoin trading, it is not easy to find the time to trade because the downturn of an altcoin can happen several times before it hits its lowest price and it is difficult to rise again.

But if it is bitcoin trading, you can buy bitcoin if the percentage decline looks large. After you buy, you need to hold it until the price rises. Even though the price remains in the low area if it is bitcoin, the price will bounce up, and that's when you can sell the bitcoin and make a profit. But you can't rely on it for trading because you need to learn a lot about trading to get bigger profits.

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Quote from: SAHASAN on December 15, 2023, 09:05:28 AM

I was zero knowledge with crypto trading but Believe me my 90% trade was successfully profit gainer with just maintenance following technique.

Everyone in the beginning has zero knowledge about trading but with time they can learn about the trading in the earlier stages it is very difficult to protect your self from loss and you did I appreciate it.

Quote

>> Remember sometimes not trading is part of trading so wait and wait for more bad news to come after the market is bearish and remember that time is the right time to look for buying and trading opportunities.

Yes this the right thing most people can say for the time and in doing hurry they face loss they did not about that trading is the name of tolerance and waiting, the more you show patience the more you will be getting profit.

Quote

>> Do not try to gain extra profit. Remember that expecting too much profit can make you addicted to profit and incur huge losses.

This is what we call emotions. Emotion will give you a huge dump when you show any nature like greed or fear but most people are hunted by greedy nature and they want more and more. If some buddy controls its nature then will become a good trader.

Quote

>> When you see the price increasing very quickly in a very short period of time and there are posts and discussions everywhere including social media that the price will increase, then refrain from catching any buys and trades and investigate the reasons for the price increase.

Sometimes whales or a group of people start speculation on social media and share positive or negative news related to the market. People who did not do any research or confirm the news face losses, so in trading you can personally follow this one to confirm the news first and then do any thing that is suitable to that condition.

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Quote from: SAHASAN on December 15, 2023, 09:05:28 AM

I was zero knowledge with crypto trading but Belive me my 90% trade was successfully profit gainer with just maintenance following technique.

Everyone certainly starts from zero knowledge. But what is certain is that if you want to be successful in trading, whatever it is, you still have to learn from various sources. it doesn't have to be in class but anywhere and from any source. The point is that learning is very important, not only to increase knowledge but also insight into several things related to trading. Including what you said, it's all a process of learning, it's not that without knowledge you can be successful. This is quite risky when trading without any consideration or background.

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Quote from: synchronym on December 23, 2023, 10:54:21 PM

One should have enough knowledge about crypto currency trading then start trading crypto currency. I myself have seen crypto currency trading and taking time to check the market, crypto currency trading is successful. When we trade something, we certainly don't think of getting rich overnight. You have to trade with patience for long term with time.

Knowing all these trading recommendations will be useless without practical application. And not all traders perform them flawlessly, which certainly leads to losses. But if it were necessary to compile a more or less complete methodological manual for trading, it would definitely be more than the three recommendations that the OP presented.

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Money management , I believe it's the only key for success in crypto trading or any other market, the difference between markets is the volatility. The problem with new traders is greed, starting with a very low capital and trying to make 2x or even more of their capital which means dealing with a very high risk.
Crypto is a very risky world, putting or buying a cryptocurrency without any knowledge about it is gambling, you can't know when that coin is going to go up or down with the possibility of rug pulls and the price going to 0. And not everyone is aware that trading with low risk and low volatility cryptocurrencies is way better.

You can't say it's easy to make profit or even keep your capital the same without knowledge, if it's not losing for the market, there's a high chance you get scammed or lose your wallet as a newbie. So my advice is trade with low risk and go for Bitcoin.

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