I tested a lot standard TA tools with popular paremeters involved but none of them came out as reliable. And more often it's even not possible to backtest them seriously anyway.
In some obvious setups To me it's just one option for determining low risk areas in relation to get into the markt with a narrow Stop. But I dont use TA to predict price movements correctly. imo TA is overated massively. You need to find your own special edge to become persistent in the long run.
Cheers ...
Topic: Help in Trading (Read 1303 times)
Well, you have a lack of knowledge in trading field and to be honest, I don't think that you are going to earn a huge profit like this way even in a long term, you are wasting a lot of time without any benefit.
In fact, you should learn the basics of trading through reading some books ( try to pick the appropriate books for beginners ) also use your mind in order to analyze the market in the right way. Make sure that most of beginnings are dissapointed , be patient and learn more.
Good things always take time.
In fact, you should learn the basics of trading through reading some books ( try to pick the appropriate books for beginners ) also use your mind in order to analyze the market in the right way. Make sure that most of beginnings are dissapointed , be patient and learn more.
Good things always take time.
Hi! My opinion is that for a beginner it is better not to try trading companies since there is absolutely no trading experience and there is a big risk of losing money. You must first learn from less risky companies. I’m learning to predict football matches https://1xbet-tanzania.com/, the risk of losing money is not as great as in a trading company. As you make a prediction and wait for the end of the match, if the prediction is correct, then I earn. And you do not need to sit all the time near the computer and wait.
I understand that in most cases that noobs have a high percentage of losing but if you'll never try to do it, do you think that they can learn to trade? Of course, not and that is why they would like to take the risk because they want to learn and by finding their mistakes from that, they'll know what they have to do in the next round. 
What would be good exchange to use. That has stable coins on it. For trading ? should i use Binance?
You can try Binance for trading. Or some simpler exchange and friendly to beginners, like CEX. The company takes care of its customers, and as proof - launched infobot, https://t.me/CexIoInfoBot, that will navigate you in market changes and price movements.
I agree with you because Binance is a much better side of doing business There is a stable currency here and it is much easier to invest here. I have traded here and the transaction costs are much less and the fees are much cheaper as they are not expensive.
It's not about the greens and reds and not just analyzing the ups and downs, you should go to the basic chart reading such as pointing out the resistance and the support you should also consider the volume and moving averages it would help you to find clues whether the market will go up or down also consider the previous charts or candlestick as a reference whether the market is in bearish or bullish movement.
There's a lot to know in trading don't just stick with the candestick bars there are some free courses about forex trading I think it would be a great help for you the concept in trading in forex and cryptocurrency is just the same and you can use forex strategies and apply it to cryptocurrency markets.
There's a lot to know in trading don't just stick with the candestick bars there are some free courses about forex trading I think it would be a great help for you the concept in trading in forex and cryptocurrency is just the same and you can use forex strategies and apply it to cryptocurrency markets.
The biggest help in trading is provided by Technical analysis. It is very necessary to learn either fundamental analysis or Technical analysis to perform better in trading. Technical analysis is very easy to master and learn.
Technical Analysis is an art in which forecasting of price movements is done based on historical data i.e. price and volume. It is not an exact science where you can get result on an absolute basis but it is an art where everyone performs the analysis differently with the help of technical components like indicators, patterns, trendlines etc. on a chart.
Technical analysis is a very easy way to do chart analysis as compared to fundamental analysis. I found a great article which covers in-depth knowledge about Technical analysis. For a beginner or advanced trader, it will provide you with good exposure to Technical analysis.
https://www.mastershareprice.com/2019/11/technical-analysis-indepth-explanation.html#point2
Technical analysis is very straightforward to learn but it is really difficult to master, it is easy to deceive yourself by choosing the wrong indicators and thinking you are predicting the market when what you are doing is nothing but confirming your own biases, you need to detach your emotions from your analysis because there are going to be many times in which you are not going to like what you see and you will want things to be different and then you lose money by not listening to the markets. Technical Analysis is an art in which forecasting of price movements is done based on historical data i.e. price and volume. It is not an exact science where you can get result on an absolute basis but it is an art where everyone performs the analysis differently with the help of technical components like indicators, patterns, trendlines etc. on a chart.
Technical analysis is a very easy way to do chart analysis as compared to fundamental analysis. I found a great article which covers in-depth knowledge about Technical analysis. For a beginner or advanced trader, it will provide you with good exposure to Technical analysis.
https://www.mastershareprice.com/2019/11/technical-analysis-indepth-explanation.html#point2
What would be good exchange to use. That has stable coins on it. For trading ? should i use Binance?
You can try Binance for trading. Or some simpler exchange and friendly to beginners, like CEX. The company takes care of its customers, and as proof - launched infobot, https://t.me/CexIoInfoBot, that will navigate you in market changes and price movements.
I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC
I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD
Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please?
Please take a look at the price not by its color. It doesn't mean that the market is green you are already had to gain profit, but to check if the price is higher than the price you bought your Bitcoin. That is exactly how it works.I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD
Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please?
Cause I'd find out that you miss the price when to sell your coins.
The biggest help in trading is provided by Technical analysis. It is very necessary to learn either fundamental analysis or Technical analysis to perform better in trading. Technical analysis is very easy to master and learn.
Technical Analysis is an art in which forecasting of price movements is done based on historical data i.e. price and volume. It is not an exact science where you can get result on an absolute basis but it is an art where everyone performs the analysis differently with the help of technical components like indicators, patterns, trendlines etc. on a chart.
Technical analysis is a very easy way to do chart analysis as compared to fundamental analysis. I found a great article which covers in-depth knowledge about Technical analysis. For a beginner or advanced trader, it will provide you with good exposure to Technical analysis.
https://www.mastershareprice.com/2019/11/technical-analysis-indepth-explanation.html#point2
Yes, it was. But the question is how good is their TA and what is the basis of it? Knowing that TA is not just a simple formulation but it takes time to create in order to have effective and reliable TA's. But having TA is not only the reason why traders become successful but because they have a plan and effective strategies. Their passion and dedication drive them for a better result, and that is how they manage their funds. And the sad thing is that many traders don't have any of this, they only just think that trading is just an easy task and then realized that they were wrong later. Technical Analysis is an art in which forecasting of price movements is done based on historical data i.e. price and volume. It is not an exact science where you can get result on an absolute basis but it is an art where everyone performs the analysis differently with the help of technical components like indicators, patterns, trendlines etc. on a chart.
Technical analysis is a very easy way to do chart analysis as compared to fundamental analysis. I found a great article which covers in-depth knowledge about Technical analysis. For a beginner or advanced trader, it will provide you with good exposure to Technical analysis.
https://www.mastershareprice.com/2019/11/technical-analysis-indepth-explanation.html#point2
The default "risk adverse" human instinct is to take profits immediately as soon as they see small gains, and to let the losers run indefinitely
in the hopes that at some point the position might reverse...
When you are just starting out in trading, you should focus training your discipline to adapt to counter intuitive techniques that are often necessitated by profitable trading systems, and become aware that in many cases you will need to go against "common sense" and mainstream human inclinations to gain an edge over the competition in order to become a profitable trader...
in the hopes that at some point the position might reverse...
When you are just starting out in trading, you should focus training your discipline to adapt to counter intuitive techniques that are often necessitated by profitable trading systems, and become aware that in many cases you will need to go against "common sense" and mainstream human inclinations to gain an edge over the competition in order to become a profitable trader...
totally agree on that, well described!
Good luck with adopting those moves ...
That two things can prevent you from being greedy to chase a bigger profit. If you can determine how much percentage of your profit, you will close your trading when you can reach your target price sell, so no matter if the price increase or decrease, you will make a profit. I agree that we need to make a profit, that is the important thing, and if we can do it over and over, I am sure that the profit will come to the bigger money.
Every trade has some time after they get frustrated but in order to trade it is necessary to give time for learning also agree with you that everyone wants to make a lot of profit so they can't do well. We do not value learning in most cases, we want us to do much better.
If a person gets frustrated he/she can probably out of his/her and can't even think for the best thing to do. Apparently, it makes them paralyze even though he/she has learned a lot but they probably just ignoring it. Only they could realize once it has done and lost their trades. If that is his/her personality, nothing will happen and they are making it worse.
In most cases we see that there are new ones and say they have lost their money I think it is because of their mistake that they are ignorant of this they do not mean any neem, they think that all can be done here if they can do business And that is the cause of their big problems.
Its really quite unpredictable also in trading. Most likely it depends also on the amount of capital you trade or invest for the amount of returns you receive. Personally I'm also into trading for quite long time now and I'm also not earning that much. Well, I guess its just also right for me since I'm really not giving more time on it. Indeed, I believe a high-earning trade needs a focus and time and more capital.
I think trading is not all about time to watch the market every time, even we are a full time trader, we able to watch the market every time, we still able to tricked by the market price which is so agile and tricky. But i'm not denying that full time trader will earn more than a just regular trader which is just made one trade a day.
Many prefer to take a more relaxed approach to trade the markets and instead of looking at the market all the time they just look at it once every hour and in some cases once a day, the disadvantage of this is that you cannot see all the movement in the market but you can still get profits with that trading style.
That two things can prevent you from being greedy to chase a bigger profit. If you can determine how much percentage of your profit, you will close your trading when you can reach your target price sell, so no matter if the price increase or decrease, you will make a profit. I agree that we need to make a profit, that is the important thing, and if we can do it over and over, I am sure that the profit will come to the bigger money.
Every trade has some time after they get frustrated but in order to trade it is necessary to give time for learning also agree with you that everyone wants to make a lot of profit so they can't do well. We do not value learning in most cases, we want us to do much better.
That two things can prevent you from being greedy to chase a bigger profit. If you can determine how much percentage of your profit, you will close your trading when you can reach your target price sell, so no matter if the price increase or decrease, you will make a profit. I agree that we need to make a profit, that is the important thing, and if we can do it over and over, I am sure that the profit will come to the bigger money.
Every trade has some time after they get frustrated but in order to trade it is necessary to give time for learning also agree with you that everyone wants to make a lot of profit so they can't do well. We do not value learning in most cases, we want us to do much better.
Its really quite unpredictable also in trading. Most likely it depends also on the amount of capital you trade or invest for the amount of returns you receive. Personally I'm also into trading for quite long time now and I'm also not earning that much. Well, I guess its just also right for me since I'm really not giving more time on it. Indeed, I believe a high-earning trade needs a focus and time and more capital.
I think trading is not all about time to watch the market every time, even we are a full time trader, we able to watch the market every time, we still able to tricked by the market price which is so agile and tricky. But i'm not denying that full time trader will earn more than a just regular trader which is just made one trade a day.
Many prefer to take a more relaxed approach to trade the markets and instead of looking at the market all the time they just look at it once every hour and in some cases once a day, the disadvantage of this is that you cannot see all the movement in the market but you can still get profits with that trading style.
You need to specify your target when you want to trade, for example, the total amount of coins you use or take a percentage of your profit.
you do not need to make too much profit because you can continue to enter when the market is down.
That two things can prevent you from being greedy to chase a bigger profit. If you can determine how much percentage of your profit, you will close your trading when you can reach your target price sell, so no matter if the price increase or decrease, you will make a profit. I agree that we need to make a profit, that is the important thing, and if we can do it over and over, I am sure that the profit will come to the bigger money. you do not need to make too much profit because you can continue to enter when the market is down.
Perhaps you need to start investing for the long term. I mean buy when everyone is selling and sell when everyone is buying. This is the advice of the world's leading traders. I do not know why beginners first lose their Deposit from improper trading, and then ask for advice on the forum. No one will give you a completely profitable strategy, so you still need to develop your own profitable strategy in trading.
Just converting fiat to crypto and vice versa doesn't mean automatic profit. Logic that is hard to be understood is buying when others are selling and selling when other are buying, that is mentioned here on forum many times, and nicely explained, but we are still explaining the same things to newcomers.
You gave him good advice, if he is losing money with trading he should try with investing in the long run. Maybe that is better for him, he will not know until he try it.
Perhaps you need to start investing for the long term. I mean buy when everyone is selling and sell when everyone is buying. This is the advice of the world's leading traders. I do not know why beginners first lose their Deposit from improper trading, and then ask for advice on the forum. No one will give you a completely profitable strategy, so you still need to develop your own profitable strategy in trading.
That sounds a really stupid way to trade (sorry no offence). Are you really just converting between fiat (usd) currency and bitcoin? Are you sure you are not talking about USDT? USDT is not a fiat currency. It is just a stable coin. But, if you are dead serious about converting between fiat currency and bitcoin every time you see "green" and "red" signals, then boy, you have been doing everything wrong. Have you considered about the conversion fee you paying every time you were converting between bitcoin and fiat? This is probably the main reason you have been losing a lot of money.
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