If you invest in crypto, but you don't know what coin you can buy, perhaps, you can choose bitcoin and hold it. No matter how long you hold bitcoin, in the future, the bitcoin price will increase, and at that time, you will see the profit that you can make. To buy bitcoin at a low price, you can see when the red candle appears on the market, so you can start to buy.
Assume you don't know much about crypto investment, but you want to invest in bitcoin. You can try to buy bitcoin when the red candle comes to the market because that can be a low bitcoin price. And if the price still gets down, you can buy more bitcoin and hold it with your previous order so you can have more bitcoin. After that, you don't have to do anything, and you can wait until the price starts to increase. It would help if you had a target price to sell bitcoin, so you don't chase a bigger profit.
Topic: I have Good advice for investors - page 6. (Read 1282 times)
I agree that technical analysis plays an important role to succeed in trading. As you explained in the opening post, without technical
analysis can lead to money loss and we will fall in FOMO, and I have to admit that all of these things are true. To become a successful
trader, you must learn technical analysis as the basis for determining the buying and selling prices in trading.
Investing in this market analysis is essential for traders but certainly not always accurate as the crypto market is often very volatile. To become a good trader you need to regularly update new knowledge and have to watch this market every hour because it helps you a lot in trading. One way or another, in trading, it is necessary to have a reasonable investment strategy and set the price to sell after buying to ensure profit. analysis can lead to money loss and we will fall in FOMO, and I have to admit that all of these things are true. To become a successful
trader, you must learn technical analysis as the basis for determining the buying and selling prices in trading.
If You start trading and you have no clue about techicals or no help from someone who knows
You will lose your money likely.
You will fall in fomo and fud no matter what the Good news and bullish market out look the techicals analysed correctly never lie to You!!
I think many fall in FOMO in 2017 and get REKT when we enter the bear market. So yes, it's really hard to fall for it and not doing any research on your part. It's already proven.You will lose your money likely.
You will fall in fomo and fud no matter what the Good news and bullish market out look the techicals analysed correctly never lie to You!!
If you Want to be successful trader you better learn hard as you can the techicals.
Majority will agree with you, but there could be some traders, we became successful by just simply getting themselves into trading and gain experience but loss money in the beginning. What I'm saying is that sometimes it's better to feel that inevitable, losing money to be better next time.
The more risky you play the more likely you are to get scared or fomo.
Playing risky is playing with borrowed money or money that's too big for you and that you don't feel comfortable spending or playing with high leverage that you're unable to sustain for long.
Usually investors who put 1% of their money in crypto don't get scared too much because such losses are acceptable. Invest 50% and you'll be losing sleep every night.
Playing risky is playing with borrowed money or money that's too big for you and that you don't feel comfortable spending or playing with high leverage that you're unable to sustain for long.
Usually investors who put 1% of their money in crypto don't get scared too much because such losses are acceptable. Invest 50% and you'll be losing sleep every night.
Doing trades without knowing anything on how trading works and about the crypto coins you wanted to trade is like putting your money into a gamble which makes it a lot more risky that what is used to be. We all know that doing trades and investments are associated with risks but being unknowledgeable about doing such makes it more risky for you are putting your money into an undesirable scenario.
If you do really want to do trades, you better know that you must learn the basics before engaging to lessen the risks associated on doing such works to be able to become profitable and achieve desirable results. Trading and investing is something that is in need to have prior knowledge for you are putting your money at stake on doing this kind of work. A responsible and good trader must be knowledgeable enough to be capable on making his trade be profitable rather than taking losses.
But in reality where people do really like to rush up into things and thats what makes them careless and going to the battlefield without prior knowledge or even knowing the basics.The result? Its a sure loss and as said it would really be just like on gambling on a casino since you dont know on what you are doing then it basically considered to be one.When you do give importance of your money or you do value it thenIf you do really want to do trades, you better know that you must learn the basics before engaging to lessen the risks associated on doing such works to be able to become profitable and achieve desirable results. Trading and investing is something that is in need to have prior knowledge for you are putting your money at stake on doing this kind of work. A responsible and good trader must be knowledgeable enough to be capable on making his trade be profitable rather than taking losses.
be sure to do all sorts of things needed for it to be utilize on an effective manner, not just on putting it directly and expecting for profits to go along, thats not how the reality works because
one mistake or missed up something will surely cost you.
We keep telling the newbies that its too risky to trade without knowledge about it especially if you are just depending on any trading signals. Yes, the market is so volatile that can make you lose all your capital in just a day so don’t overthink and start learning how to trade.
If someone introduces this market to you as an easy way to earn then you’re on the wrong place because cryptomarket is risky and volatile, no easy money and pure hard work only. Newbies or anyone planning to trade, make sure you know how to buy and sell.
If someone introduces this market to you as an easy way to earn then you’re on the wrong place because cryptomarket is risky and volatile, no easy money and pure hard work only. Newbies or anyone planning to trade, make sure you know how to buy and sell.
I agree that technical analysis plays an important role to succeed in trading. As you explained in the opening post, without technical
analysis can lead to money loss and we will fall in FOMO, and I have to admit that all of these things are true. To become a successful
trader, you must learn technical analysis as the basis for determining the buying and selling prices in trading.
analysis can lead to money loss and we will fall in FOMO, and I have to admit that all of these things are true. To become a successful
trader, you must learn technical analysis as the basis for determining the buying and selling prices in trading.
Doing trades without knowing anything on how trading works and about the crypto coins you wanted to trade is like putting your money into a gamble which makes it a lot more risky that what is used to be. We all know that doing trades and investments are associated with risks but being unknowledgeable about doing such makes it more risky for you are putting your money into an undesirable scenario.
If you do really want to do trades, you better know that you must learn the basics before engaging to lessen the risks associated on doing such works to be able to become profitable and achieve desirable results. Trading and investing is something that is in need to have prior knowledge for you are putting your money at stake on doing this kind of work. A responsible and good trader must be knowledgeable enough to be capable on making his trade be profitable rather than taking losses.
If you do really want to do trades, you better know that you must learn the basics before engaging to lessen the risks associated on doing such works to be able to become profitable and achieve desirable results. Trading and investing is something that is in need to have prior knowledge for you are putting your money at stake on doing this kind of work. A responsible and good trader must be knowledgeable enough to be capable on making his trade be profitable rather than taking losses.
I think knowing TA is definitely a requirement for being a good trader but also knowing that TA is not be all end all is another big important piece of advice as well. If you do TA and see an opportunity you have to realize that it could happen, but also you have to realize that it may not happen as well, it all depends on the market changes and in a regulation-less and decentralized environment like crypto anything could happen at any moment and markets could swing very much.
I remember too many times when people were all looking at TA and see how it will go up insanely high yet it went down and vice versa, so I know that TA is not something you could learn and just profit forever without ever working again, sure it is a bigger help than not knowing it, but it is not 100% guarantee.
I remember too many times when people were all looking at TA and see how it will go up insanely high yet it went down and vice versa, so I know that TA is not something you could learn and just profit forever without ever working again, sure it is a bigger help than not knowing it, but it is not 100% guarantee.
I agree with you that in today's world there is a lot of improvement in terms of technology. In that case, the more knowledge one has in terms of technology the higher he will rise. In the case of blockchain technology the market is being updated a lot so if investors are updated with the market the risk will be much less. But with the advancement of technology comes the need for patience to trade success is not possible without patience and self-control.
Yes we do tend to make many mistakes during the beginning of our trading days but that's what makes us learn more.
We do make mistakes but we also get an experience from it.
Learning technicals is really a good thing and all of us should learn technicals to have a technical aspect over the coin but technicals don't matter that much in crypto trading according to me. Cyrpto trading works well with psychological aspects and some technicals like support and resistance.
Relying completely on technicals would be a bad idea in my point of view.
We do make mistakes but we also get an experience from it.
Learning technicals is really a good thing and all of us should learn technicals to have a technical aspect over the coin but technicals don't matter that much in crypto trading according to me. Cyrpto trading works well with psychological aspects and some technicals like support and resistance.
Relying completely on technicals would be a bad idea in my point of view.
if you want to go one direction you need to use the law of possibilities if you dont do the research enough and dont work enought to get resuts then the ship will go any direction .....if you dont lead the ship...and you start going from port to destination what is the possibility you will arrive to correct destination=?? zero !! ....but if you even try to lead the ship as much as possible to the right direction the possibility on your favoure will be bigger.
so you are the captain lead your ship do the proper research about your destination and dont fall for whales tricks fud and fomo..the sea sometimes is not easy...a lot stroms and and shaking a ship but you still have to keep your direction right.
so you are the captain lead your ship do the proper research about your destination and dont fall for whales tricks fud and fomo..the sea sometimes is not easy...a lot stroms and and shaking a ship but you still have to keep your direction right.
Of course it is better if we have a mentor, so that the steps we can take can run optimally. because Jima relies on hard work without the correct technical direction from the mentor it's useless we will only get losses
If You start trading and you have no clue about techicals or no help from someone who knows
You will lose your money likely.
You will fall in fomo and fud no matter what the Good news and bullish market out look the techicals analysed correctly never lie to You!!
If you Want to be successful trader you better learn hard as you can the techicals.
Understanding technical analysis is critical to success in the cryptocurrency trading market. If you don’t know it, you’re just going to be gambling with options in the market. That’s the same thing with trading forex, you cannot trade it if you don’t know how to analyse the market properly and tell the possible outcome.You will lose your money likely.
You will fall in fomo and fud no matter what the Good news and bullish market out look the techicals analysed correctly never lie to You!!
If you Want to be successful trader you better learn hard as you can the techicals.
In fact, learning trading is not easy, there are lots of things attached to it, and you will have to start from the top to down and learn everything, and when you understand everything, I believe that you will be a professional at it. I learnt about cryptocurrency myself, but when it came to trading, it wasn’t something I had to do by myself, I had to connect with people that has been into it before me and worked with them.
It looks like you already experience a lot of funds with the use of trading. Don't take it easy with trading this is the most misconceptions of the people regarding the use of cryptocurrency trading, even in other kinds of trading.
Trading requires having a lot of knowledge not only on the market price but also on how to read the graph and what are the objectives in trading. Sometimes you can learn with the use of your modules and another kind of things that can help you to learn. Still, you can use your experience as a learning phase but this is the most expensive one you must need to make an investment with the use of it because you are just trying to explore what's in the world of tradeng.
Sometimes we disregard the number or total of winnings in the world of the trading the most essential thing at the end of the day is you gain profit even you already win a lot of game but the end of the day you don't have a good profit still it's useless. Profit matters this is the best thing.
Trading requires having a lot of knowledge not only on the market price but also on how to read the graph and what are the objectives in trading. Sometimes you can learn with the use of your modules and another kind of things that can help you to learn. Still, you can use your experience as a learning phase but this is the most expensive one you must need to make an investment with the use of it because you are just trying to explore what's in the world of tradeng.
There is no trader who always win 100%, but newbie trader tend to not realize that, and majority of them don't have patience, in crypto trading, technical analysis is not a 100% guaranteed for winning, Self control really matters a lot, crypto-trader must understand their own emotions, especially fear and greed. Emotional control is what separates successful cryptocurrency traders from everyone else, sometimes TA fails and sentimental analysis including fundamental analysis should be put into consideration also
Sometimes we disregard the number or total of winnings in the world of the trading the most essential thing at the end of the day is you gain profit even you already win a lot of game but the end of the day you don't have a good profit still it's useless. Profit matters this is the best thing.
You are right, over the long run if you don't know how to read technical analysis charts, then you're likely out of your league and shouldn't be trading. Not to mention you need to have a strong hold on fundamental analysis too.
the basic needs is the development count to each part of investment function, be ready to the entire system to show them all as well by using your limited time to represent the entire plan to know how to spiking if the problem has coming in, so initially be productive at all times.
If You start trading and you have no clue about techicals or no help from someone who knows
You will lose your money likely.
You will lose your money likely.
Then why start trading? Beforehand, it's mandatory to have a basic knowledge. Spending time studying the basics is a must.
Mistakes and losses are normal. There is no 100% perfect trade.
Just do trades while learning from mistakes. The money will lose, that's part of the process, but in the long-run it's worth losing some money for experience.
if you are a newbie and have no idea what you are into, start small, amount that you can very well afford to lose. and at the same time try reading some tips and tricks. this forum has a lot to offer. this board alone will give you insights when it comes to crypto trading but you should know how to filter those opinions.
every trader starts from being a noob and only experience and acquired skills can help him to be a better or successful trader. dont lose hope.
If You start trading and you have no clue about techicals or no help from someone who knows
You will lose your money likely.
You will lose your money likely.
Then why start trading? Beforehand, it's mandatory to have a basic knowledge. Spending time studying the basics is a must.
Mistakes and losses are normal. There is no 100% perfect trade.
Just do trades while learning from mistakes. The money will lose, that's part of the process, but in the long-run it's worth losing some money for experience.
Technical analysis and other analysis like Fundamental and Sentiments are really necessary and important in trading industry. Before you engage in trading, you should really know how technical analysis works because that will serves as your basis in making strategic approach in trading. Investors should be aware about the possible result that they might get in trading, either earning or losing. Once a trader is not that knowledgeable about the basics in trading, most likely he will make a lot of mistakes first before he become effective compared to those who already have a lot of ideas about how trading really works.
Good traders does not just happen in a day because they have to endure hardships and lot of sacrifices before they become good traders. Mostly traders experience mistakes at first since they are still new in trading but after its long process, they will learn eventually about technical and fundamental analysis in trading which will make them better traders in the making. Jump to: