Topic: How Choosing the right trading strategy?? (Read 191 times)
This post suppose to be in trading but since the op is a newbie and don't have good knowledge of how this forum works then will need to help him. Choosing a strategy depends on the kind of market we are trading. People trading the forex market or other similar market will choose to use more advance strategy. For crypto traders we can make use of some technical analysis to predict the Crypto market.
I love to trade, Seeing market conditions is always in a state Mirror Trade goes on every day, this makes me confused to choose the right trading strategy because prices fluctuate.
First, this belongs to the right board on Trading Discussion and I already reported it. To answer that you need to master one or a few strategies that work for you, you can mind the price fluctuation but take note that in the crypto space most tokens/coins do the same and it's just natural. There are a lot of articles and video tutorials out there, you need to read or watch those then apply it and get an experience. 
So you mean there is no wrong strategies? But, I think there is, because what if those strategies are poorly created by a non-experienced trader? Even if his strategy is appropriate in a specific market condition, That can't still do much and it can hardly pull off a profit.
If we are experienced already we can create multiple strategies so that we will have something to use on different market conditions. No bro you didn't left trading because you said you are still doing a long-term trade? That was still a kind of trading but what has changed there is only the duration or the time of your trade. And yes strats is not enough but coin choice is also important.
Yes, for me there is no wrong trading strategy. Because every method to be published must go through a validity test first. I'm talking about a legitimate and recognized strategy. it may be for the creator it is an effective technique but not necessarily effective for others. The exception is a strategy that does not go through a validity test that only relies on the mouse path. And distributed through unofficial spaces. Like one of the free fake trading channels, most of which are just traps. What you need to know is to choose and sort out a strategy that fits your needs, not according to other people's trading conditions. If we are experienced already we can create multiple strategies so that we will have something to use on different market conditions. No bro you didn't left trading because you said you are still doing a long-term trade? That was still a kind of trading but what has changed there is only the duration or the time of your trade. And yes strats is not enough but coin choice is also important.
I love to trade, Seeing market conditions is always in a state Mirror Trade goes on every day, this makes me confused to choose the right trading strategy because prices fluctuate.
If you are always thinking about which strategy that must be used and that will actually make you feel confuse. Market is still remain unpredictable even when you are making so many technical analyzation. So many people have been predicting so many times but market was always going to the reverse trend. Im thinking about you shall try to take the basic strategy. Try to use your stop lose to decrease the risk to lose from trading your money. You must always try to take any bearish trend as opportunity to buy. You must always become a smart guy to scalping the market.
Check trading discussion board of forum and forex trading websites to understand how trading works. You have to try your trading skills on demo accounts first after learning theories. It takes min 1 year to trade based on your experience and market analyze skills, don't do margin trades with high balance btw.
There’s a lot of good topics on that section about trading, and since OP loves to trade I assume that he already have a good knowledge about it but it looks like he’s still looking for a perfect combination of his own strategy. The price will always fluctuates though, that’s the everyday scenario of a trader so better for OP to adopt it and live with it. Trading is fun but still a risky one, if you can’t find the good source here better to look have a good mentor in trading, this can be a huge help for you. 
Check trading discussion board of forum and forex trading websites to understand how trading works. You have to try your trading skills on demo accounts first after learning theories. It takes min 1 year to trade based on your experience and market analyze skills, don't do margin trades with high balance btw.
I love to trade, Seeing market conditions is always in a state Mirror Trade goes on every day, this makes me confused to choose the right trading strategy because prices fluctuate.
All the strategies are right at the right time and the right market conditions too. You only need to match it in terms of needs and targets to be achieved in trading. I don't really know much, because I left day trading long ago and switched to long term trading.This is not trading advice, maybe just my personal experience. You have to recognize the coins you are trading, always monitor all activity and updates of the ecosystem they develop.
If we are experienced already we can create multiple strategies so that we will have something to use on different market conditions. No bro you didn't left trading because you said you are still doing a long-term trade? That was still a kind of trading but what has changed there is only the duration or the time of your trade. And yes strats is not enough but coin choice is also important.
If you want to know.
There is no guarantee strategy most of the trading speculation is always based on persistence and success, most the time in around 70-80% prediction. Have you ever want to try trading with demo balance account.
I'm sure there has some exchange who can provided that.
There is no guarantee strategy most of the trading speculation is always based on persistence and success, most the time in around 70-80% prediction. Have you ever want to try trading with demo balance account.
I'm sure there has some exchange who can provided that.
I love to trade, Seeing market conditions is always in a state Mirror Trade goes on every day, this makes me confused to choose the right trading strategy because prices fluctuate.
There are a lot of trading strategies and it was widely discussed on the Trading discussion board, which seems the best place to visit when talking about trading. In trading, you don't need to acquire all those strategies, what you need is the strategy that you think you are comfortable with and literally effective. Focusing on 1 or 2 could be enough as having multiple strategies will only confuse you on which of them you are going to follow.
I've prepared spot trading, anyway.
I love to trade, Seeing market conditions is always in a state Mirror Trade goes on every day, this makes me confused to choose the right trading strategy because prices fluctuate.
the first 5 posts answered everything for you and with common understanding? that is more than enough to read and follow , they completely given all the option you needed to succeed in crypto investing .maybe there are some hardship but losses is part of learning so better be on that for your future success.
I love to trade, Seeing market conditions is always in a state Mirror Trade goes on every day, this makes me confused to choose the right trading strategy because prices fluctuate.
I know this isn't exactly what you asked for, but please consider this... Most traders lose money. The majority of people who got rich in crypto bought something like BTC or ETH early and held for several years. You can do the same by investing in a good project (DYOR) when it first launches, like MAXX or LAMINA1 for example, and even better if you can stake it because then you will earn profit even in a bear market. And if you don't have the funds to invest, try mining with a gaming pc or participating in airdrops or giveaways. MAXX Finance has both of these and there are aridrop and bounties sections here on this forum that can aid you. That said, if you must trade for some reason, use a stoploss and consider copy trading.
I love to trade, Seeing market conditions is always in a state Mirror Trade goes on every day, this makes me confused to choose the right trading strategy because prices fluctuate.
You can use two ways or two trading methods that have been used by many people in the past.First you can use the DCA trading method, and if you still don't understand what DCA means, try reading the explanation on zipmex.com
And for the second one is the arbitrage method where you can also see an explanation about this on the Pintu.co.id site because the explanation is very complete and easy for you to understand because I know that you are Indonesian.
I love to trade, Seeing market conditions is always in a state Mirror Trade goes on every day, this makes me confused to choose the right trading strategy because prices fluctuate.
though in crypto fluctuation is a kind of thing yet in all investment this is happening , we need to compensate on this and we need to be aware that everything will come across if we are seeking for money and return.try to embrace the fluctuation and you'll see what good that will come your way.
If you're hoping it's going to stabilize then that's weird. Because Trading is taking advantage of volatile situations. If all the coins are stable then we will have a hard time making a profit. You only need to learn technical and fundamental analysis to support your trading skills. As far as I know there are currently three types of traders, scalping, Day Trade, weekly trade, or holder. Try trying one by one, after that try to adjust it to your trade style. Whichever you think is quite convenient and profitable then use it.
I love to trade, Seeing market conditions is always in a state Mirror Trade goes on every day, this makes me confused to choose the right trading strategy because prices fluctuate.
when you deliver a word that " I love to trade" meaning you understand what is this area and how would bring you something in return.you are confused because the truth is , you don't really understand what you are doing here.
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But the main thing to understand is never to become a Greed person , because that will only make you a sure loser in the end.
I love to trade, Seeing market conditions is always in a state Mirror Trade goes on every day, this makes me confused to choose the right trading strategy because prices fluctuate.
You should practice and always expect the fluctuations in trading cryptocurrencies, we all know how volatile trading cryptocurrency is.I can suggest is you should have a strong strategy when it comes to managing your risk and capital.
After you learn some technical strategies for analyzing charts, master risk management and consider the fluctuation or volatility.
Just like having risk:reward ratio for every trade and practicing sticking to plan (stop loss, take profit).
I love to trade, Seeing market conditions is always in a state Mirror Trade goes on every day, this makes me confused to choose the right trading strategy because prices fluctuate.
See for yourself and test out different trading style whether you would go for;Scalping
Daytrade
Swing Trade
Price Action
Long term
Future/Leverage (not recommended for noobs)
Find and tend to look on which one would fit out and depending on your actual preference. Expect that it wont be easy as it looks or sounds
because there are lots of factors which you do need to consider before you could have a good grasp on it.
The main motive or intent on here is to reach out and sustain yourself on this volatile market.Its not easy, yes but doesnt mean its impossible
I love to trade, Seeing market conditions is always in a state Mirror Trade goes on every day, this makes me confused to choose the right trading strategy because prices fluctuate.
Trading doesn't just come of easily as you think. You need to experience how to do it and think for yourself if you want to continue or not. As the usual trade goes by telling buying low and selling high, that's all about it but to add flavor and getting more chance of winning your trades.
You need to be educated on how to read the charts and know more about RSI and other indicators that you might bump off with your trading journey.
I read about these 5 trading strategies and would like to share them with you if you are interested :
Trading Strategy 1: A Cross-Over System
Trading Strategy 2: Spikes & Traps
Trading Strategy 3: Momentum Divergence
Trading Strategy 4: Breakout System
Trading Strategy 5: Trendline System
You can read explanation and details here[1].
I agree with the earlier reply, every strategy is correct if used at the right time.
[1] https://tradeciety.com/5-trading-strategies-that-work-trading-strategy-guide/
Trading Strategy 1: A Cross-Over System
Trading Strategy 2: Spikes & Traps
Trading Strategy 3: Momentum Divergence
Trading Strategy 4: Breakout System
Trading Strategy 5: Trendline System
You can read explanation and details here[1].
I agree with the earlier reply, every strategy is correct if used at the right time.
[1] https://tradeciety.com/5-trading-strategies-that-work-trading-strategy-guide/
I love to trade, Seeing market conditions is always in a state Mirror Trade goes on every day, this makes me confused to choose the right trading strategy because prices fluctuate.
All the strategies are right at the right time and the right market conditions too. You only need to match it in terms of needs and targets to be achieved in trading. I don't really know much, because I left day trading long ago and switched to long term trading.This is not trading advice, maybe just my personal experience. You have to recognize the coins you are trading, always monitor all activity and updates of the ecosystem they develop.
I love to trade, Seeing market conditions is always in a state Mirror Trade goes on every day, this makes me confused to choose the right trading strategy because prices fluctuate.
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