Op, your point is just like saying one should be greedy when others are fearful and fearful when others are greedy.
Trading is a waiting game which requires a discipline mind to succeed in this industry, and secondly, you have to be patient and patient again with your trading set up and for your terms and conditions for taking a trade to be met. A lot of traders avoid the market when it's bleeding and buy when it's green, but the best opportunity to buy is during the market dip.
Topic: Follow the technique if you have zero trading knowledge in crypto - page 2. (Read 518 times)
December 24, 2023, 03:55:17 PM
December 24, 2023, 02:56:34 PM
-snip-
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.
Copy trading for beginners and no knowledge at all?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.
Are you sure about that advice?
However, Copy Trading is not for use by beginners who don't even know any trading knowledge.
Copy trading requires understanding how to use trading tools well, and it takes a strategy on how to manage capital to be used, not easy and not for beginners.
And yes, let alone the large capital, it is not recommended.
What needs to be done first if it is without trading knowledge, Understand and learn about trading, what are the terms and how to use the available indicators.
That's just the right move and using a demo account can be a solution as well, but it's better to use a crypto trading demo account to suit the purpose of trading to be done in crypto.
dont really mind out on the things that they are currently dealing with but rather they are really that going or after into those things on which they do know that they could really make
money in. So it would be always your own choice and call on how things should be dealt up with.
December 24, 2023, 02:51:25 PM
These techniques will never be known and would hardly be understood if you have zero knowledge in trading. It takes education and good market assessment or analysis before you can start to trade, otherwise you are only trading for no significance. While trading needs more developed skills and strategies, patience and consistency in the market greatly matters as well.
That is why it's hard to teach certain techniques when you don't understand what you are doing in the first place. DYOR is the key.
That is why it's hard to teach certain techniques when you don't understand what you are doing in the first place. DYOR is the key.
December 24, 2023, 02:28:55 PM
Most time I uses moving averages and other indicators to know what the market is likely to do next. This is one of the way we can make profits from the market without following fundamentals. If we are very good at using indicators to trade, we can be making some profits in the market without necessarily waiting for fundamentals for us to enter to enter the market. We need to be consistent in the techniques we use to trade and adjusting them to suit our mode of profits is what is going to help our be a consistent and profitable trader.
The problem with MA is the same as with most indicators. They show data based on previous information. Yes, it can be used for some sort of predictions, but one always has to remember, that it doesn't mirror the future. The market repeats itself from time to time, however, we can not be sure, when exactly this will happen. We have to observe and analyse, and not count only on indicators.
December 24, 2023, 10:00:18 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.
Most time I uses moving averages and other indicators to know what the market is likely to do next. This is one of the way we can make profits from the market without following fundamentals. If we are very good at using indicators to trade, we can be making some profits in the market without necessarily waiting for fundamentals for us to enter to enter the market. We need to be consistent in the techniques we use to trade and adjusting them to suit our mode of profits is what is going to help our be a consistent and profitable trader. 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.
December 24, 2023, 09:29:40 AM
-snip-
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.
Copy trading for beginners and no knowledge at all?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.
Are you sure about that advice?
However, Copy Trading is not for use by beginners who don't even know any trading knowledge.
Copy trading requires understanding how to use trading tools well, and it takes a strategy on how to manage capital to be used, not easy and not for beginners.
And yes, let alone the large capital, it is not recommended.
What needs to be done first if it is without trading knowledge, Understand and learn about trading, what are the terms and how to use the available indicators.
That's just the right move and using a demo account can be a solution as well, but it's better to use a crypto trading demo account to suit the purpose of trading to be done in crypto.
December 24, 2023, 03:50:40 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.
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.
December 23, 2023, 09:54:21 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.
December 23, 2023, 09:24:37 PM
Even a newbie can survive and make decent profits in the bull run, the point is that survival should be analyzed by the performance of the trader in the bear market, and in the bull market we can differentiate between an expert and newbies with his existing plans. Becasue a good trader always stay conscious about the exit plan, to save profits.
Absolutely correct, it's easy to make money in bull market or in crypto, if I should say so myself. But, rare are the ones who manage to secure it.
I was zero knowledge with crypto trading but Belive me my 90% trade was successfully profit gainer with just maintenance following technique.
Hitting winners 9 times out of 10? That kind of hot streak definitely can't last. At some point, your luck will run dry. Maybe it already has.That happens in bull market to many people, and this makes them consider themselves better than they are, and then bears strike and everything goes into the drain.
Don't worry op, I'm not offending you, I have been there. You'll learn.
December 23, 2023, 04:56:03 PM
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.
First, I don't believe if there is a successful trader who has 90% win rate but I'm glad that you were the one. Winning 90% of trades is quite tough so I think the number of your trades is very small. I will not shock or amazed if you expect that sometimes in the future you will experience losing trades in week and hope this will not bother you. As what I have noticed in your saying in the Op, you are a disciplined person so I hope you keep trading according to your plan and don't let the emotion to control you. 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.
December 23, 2023, 04:26:20 PM
I was zero knowledge with crypto trading but Belive me my 90% trade was successfully profit gainer with just maintenance following technique.
Hitting winners 9 times out of 10? That kind of hot streak definitely can't last. At some point, your luck will run dry. Maybe it already has.
The markets have a way of humbling overly confident beginners. You should brace for some losses or missed opportunities. Can't let yourself get cocky or reckless chasing another rush like that. It's too easy to overtrade when youre used to wins coming easy. Patience and discipline become more important.
December 23, 2023, 04:23:15 PM
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.
There's no such thing about technique or whatsoever because things would really be just that normal to happen as long you would really be putting up yourself to be that realistic and really that just serious on what are the things that you would really gonna tend to do. Everything would really come into place if we do speak about those things that you would really gonna learn along the way. It is really just that there are really indeed people who are really just that liking on making things to be in fast paced without even thinking about those probabilties in speaking about mistakes and errors that they might be able to encounter due to bad decisions 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.
Just learn up the things that you would really be able to learn up along the way and just be wary about the risks involved with it. It is really just that impossible that you wont really be able to make those kind of realizations along the way on which even just simply making use of your own common sense would really be just enough for you to tell on which one is really that ideal and which one would really be a disaster.
Do on the things on which you do seem that it would be that viable or something that would really be avoided if its not.
December 23, 2023, 03:58:31 PM
I hate to say this but I think following one's technique will never be effective if you know you have no trading knowledge in the first place. You will not even understand how to perform the technique and expect success after trading. If you have zero trading knowledge, then do not rush into trading but know the basics first in trading and increase your knowledge about it. That should always be the first and foremost concern for traders.
Skills and techniques should always go together, aside from knowledge which is the first requirement.
Skills and techniques should always go together, aside from knowledge which is the first requirement.
December 23, 2023, 02:25:44 PM
Are you sure about what you said? What are you basing these things on? It is not possible for anyone to make money from trading or ideas if they don't know anything. That's not true.
an individual trader, even if he has only a little idea of trading here in cryptocurrency, I can still believe that he will get a profit. But what you say is zero knowledge, even if there is no idea; that is big nonsense, and that is really not true.
an individual trader, even if he has only a little idea of trading here in cryptocurrency, I can still believe that he will get a profit. But what you say is zero knowledge, even if there is no idea; that is big nonsense, and that is really not true.
I can relate to it from a narrower perspective, but given the benefit of the doubt in zero knowledge, he excluded the points on executing a trade, placing an order (Every type), and where to trade.
TBH the points OP mentioned are some decent tips & recommendations but that is not at all enough to be a good trader, because on-time sooner or later you need to realize that studying the physiology of the market and having some glimpses of technical analysis with full control over the Fundamental Analysis and Sentimental analysis is necessary to service.
Even a newbie can survive and make decent profits in the bull run, the point is that survival should be analyzed by the performance of the trader in the bear market, and in the bull market we can differentiate between an expert and newbies with his existing plans. Becasue a good trader always stay conscious about the exit plan, to save profits.
December 23, 2023, 11:58:30 AM
Don't do something that you have zero knowledge about if it includes money. You can use money to learn it first but don't dive right into it without proper knowledge. This is a very bad way to encourage people into start trading. If they lose following your instruction would you be hold responsible for that? Are you ready to face the consequences?
If not, then don't suggest people with your so-called strategy. What you have gained from those trades are called newbie luck. It's like gambling. Share something if you are really confident about it or at least add that you are not a financial advisor and people should do it on their own taking that risk.
If not, then don't suggest people with your so-called strategy. What you have gained from those trades are called newbie luck. It's like gambling. Share something if you are really confident about it or at least add that you are not a financial advisor and people should do it on their own taking that risk.
December 23, 2023, 11:39:44 AM
One who is not knowledgeable in trading cannot follow certain trading techniques correctly. Maybe it's easier being said than done, and any newbie in trading is expected to commit a lot of mistakes first before he tries to improve and come up with better trading results. I guess the best advice is to encourage first those who have no trading knowledge to educate theirselves first before they enter trading.
Trading is not like investing that only needs prior knowledge and is ready to go, because trading itself requires good analysis on the market as well as development of skills and strategies before one decides to take risk in trading.
Trading is not like investing that only needs prior knowledge and is ready to go, because trading itself requires good analysis on the market as well as development of skills and strategies before one decides to take risk in trading.
December 23, 2023, 10:05:42 AM
It may work for you but there is no guarantee it will work if used by someone else. There are many things to pay attention to when using what you do.
They must have the patience to hold their coins when the price has not moved or even keep holding them if the price slides down.
Most beginners in trading will panic when the price slides down, and they don't know what to do, so many of them sell at a loss.
But the strategy you use can be tried even though there are still other risks that we don't know for sure.
For this reason, we must be able to learn trading well, including understanding everything related to trading. This will be useful for us in analyzing market conditions.
They must have the patience to hold their coins when the price has not moved or even keep holding them if the price slides down.
Most beginners in trading will panic when the price slides down, and they don't know what to do, so many of them sell at a loss.
But the strategy you use can be tried even though there are still other risks that we don't know for sure.
For this reason, we must be able to learn trading well, including understanding everything related to trading. This will be useful for us in analyzing market conditions.
December 23, 2023, 09:59:59 AM
...I was zero knowledge with crypto trading but Belive me my 90% trade was successfully profit gainer with just maintenance following technique. ..
Your three recommendations will not be enough for a beginner to trade with profit. Without knowledge and experience that cannot be bought, you will not be able to trade. And even those who have knowledge and experience also make mistakes, since the cryptocurrency market is not predictable with 100% accuracy.
The market is not easy to predict and it's not just news that can influence the market but everything happens because of many factors, so I don't think OP's method will guarantee 90% success. And the method OP mentioned will always result in losses, because the method OP uses is a method that is not strong enough to generate profits.
December 23, 2023, 09:41:38 AM
>> 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.[/b]
I second that. Have fallen victim to this quite a few times, despite being aware that it's just fomo, sometime emotions just over-rule you. On second note, it's perfect time to sell if you are holding that particular asset.
December 23, 2023, 07:20:14 AM
I was zero knowledge with crypto trading but Belive me my 90% trade was successfully profit gainer with just maintenance following technique.
You're giving people advice on trading which is quite good advice from a certain perspective but at the same time, you're misinforming people.
A 90% profit success is so hard to believe. I can even go out on a limb and say it's not true, but I'm going to assume there's some truth in it, what do you feel the impact of this would be on newbie traders?
The points you gave are good, but only them can't make you a successful trader. So if a newbie sees such a post he'll believe he can truly have a 90% success rate in trading without proper skills and experience which would only lead them to more losses.
It is also not clear how exactly those 90% success is gained. OP gives some advice, but his recommendations are rather general, they are more about traders behaviour, than about actual technique. It is not obvious for me from his statements how the trades are being made. I have my own experience in trading, that is why I can assume a lot, but for a newbie it would be impossible to understand how this method has to be implemented.
Jump to: