common sense
the number one important rule is dont invest what you cant loose
dont invest ur life savings!
Topic: Requirment for trading (Read 169 times)
I don't think the technical analysis will help you much with crypto. Most of the time, the news are the ones going to dictate where the market is going. If you rely your trading on technical analysis, you'd encounter the term paralysis by analysis soon and will result you to just hold your token instead which can be the better thing to to.
News really are not the ones who dictate where the market is going, it is the public sentiment over a news. Therefore, one only needs to pick a coin to invest into, determine if it is good and bad(based on concept, team, whitepaper, activeness of community), set a target price to sell into(preferably a realistic one), and hold until it reach the selling point. This works most of the time but in order to minimize loss on coins that one doesn't trust, set a cut loss sell point but it should be low, not near the buying price.I agree with you that the sentiment determines how the market reacts to the news.
I have seen very good news in bad sentiment and the coin did not move at all.
But when sentiment is high, even "we have a new office, look!" can produce massive gains.
It is quite absurd IMHO.
Regarding your realistic selling point, I think TA could do it's fair share in helping you determine it
the most needed requirements are knowledge and experience.
Is this post eligible for newbie? I guess this post does not fit here, because there is no explanation and only images. Just a suggestion, if you want to post here you should add some explanations to help the newbie here.
Is this post eligible for newbie? I guess this post does not fit here, because there is no explanation and only images. Just a suggestion, if you want to post here you should add some explanations to help the newbie here.
I don't think the technical analysis will help you much with crypto. Most of the time, the news are the ones going to dictate where the market is going. If you rely your trading on technical analysis, you'd encounter the term paralysis by analysis soon and will result you to just hold your token instead which can be the better thing to to.
News really are not the ones who dictate where the market is going, it is the public sentiment over a news. Therefore, one only needs to pick a coin to invest into, determine if it is good and bad(based on concept, team, whitepaper, activeness of community), set a target price to sell into(preferably a realistic one), and hold until it reach the selling point. This works most of the time but in order to minimize loss on coins that one doesn't trust, set a cut loss sell point but it should be low, not near the buying price. 
I don't think the technical analysis will help you much with crypto. Most of the time, the news are the ones going to dictate where the market is going. If you rely your trading on technical analysis, you'd encounter the term paralysis by analysis soon and will result you to just hold your token instead which can be the better thing to to.
The most common requirement is knowledge!!! Since no one could have experience especially when he just started, so acquire knowledge and information first,
Recently, I also read a topic about Trading Tools and Terms for Beginners in Crypto Trading, just as in this thread I can also increase my knowledge about trading ...
If you feel the need to view / read the thread you can click on its link here Tools and Terms for Beginners in Crypto Trading
Hopefully by reading the thread you can improve your knowledge about trading and other things(like Market Capitalizations,News, Market Tools and Data) ...
If you feel the need to view / read the thread you can click on its link here Tools and Terms for Beginners in Crypto Trading
Hopefully by reading the thread you can improve your knowledge about trading and other things(like Market Capitalizations,News, Market Tools and Data) ...
There are many channels on YouTube
There are lessons to learn technical analysis
And we must not forget the most important
Basic Analysis
News is the most important thing in the world of currencies
We should care about them more than candles
This is my opinion
Basic documentation
SOURCE: internet
SOURCE: internet
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