Topic: Suggestion for trading - page 17. (Read 3337 times)
Mistakes in trading are not avoidable but bound to happen. The best suggestion is not to risk more your funds into a single trade. Setting stop loss will help you to minimize risk.
If you are going to enter the market now, the most important thing that you should have is knowledge, that is why most people that is good in trading, has good experience in Forex or any other stock exchange.
If you haven't tried to live trading yet, and practice more..There a lot of educational resources that are freely available online. Also spend time developing trading strategies ang already started forex trading here are 10 good habits
1.COME PREPARED before you start a trading career makes sure you have made enough preparations.
2.BE DISCIPLINED , develops a trading plan be consistent in following it.
3.TRADE WITH THE TREND if you are really serious stop asking anyone else what should trade.
4.FOCUS ON THE TRADING PROCESS ,do not start trade while looking forward to the out come
5.BALANCE YOUR RISK. stop chasing your profits instead of balance your risks.
6.MONEY MANAGEMENT is a field of survival .
7.KNOW WHEN TO EXIT meet every trade result in a win.
8.KEEP TRADING JOURNAL a successful trader always keeps a trading journal is a record all trading activity.
9.LEARN FROM YOUR MISTAKES make your losses become advantage you can use these as as step ladders to make you better trading.
10.HAVE REALISTIC EXPECTATIONS as much as well we all want to dream high. We should focus on having realistics expectations instead of Anticipating how much.
1.COME PREPARED before you start a trading career makes sure you have made enough preparations.
2.BE DISCIPLINED , develops a trading plan be consistent in following it.
3.TRADE WITH THE TREND if you are really serious stop asking anyone else what should trade.
4.FOCUS ON THE TRADING PROCESS ,do not start trade while looking forward to the out come
5.BALANCE YOUR RISK. stop chasing your profits instead of balance your risks.
6.MONEY MANAGEMENT is a field of survival .
7.KNOW WHEN TO EXIT meet every trade result in a win.
8.KEEP TRADING JOURNAL a successful trader always keeps a trading journal is a record all trading activity.
9.LEARN FROM YOUR MISTAKES make your losses become advantage you can use these as as step ladders to make you better trading.
10.HAVE REALISTIC EXPECTATIONS as much as well we all want to dream high. We should focus on having realistics expectations instead of Anticipating how much.
I think there are lot of trading tricks you have to learn from the market but I mention one very easy and single suggestion for trading that is according to the market position and after taking decision for example currently the red zone is showing and after some time it will go to green and by understanding this thing if bitcoin will not move unpredictably than you have the best option to buy coins at this rate and sell it at high rate when market will stable,
To be a good trader,you need 100% Patience in the red days.In a week,nearly four days will be red and three day will be green.In such situations, you should not do panic selling. If you have hundred percentage patience and zero percentage panic selling, you will became best trader.
it's really what you say because what is needed in the trade must have great trust, have a great sense of patience also because of that you can avoid losses when the coin decreases and you also should never panic with the price drop of course
trading advice for today should never buy any coins, because the price of coins now plummeted, even if you trade would be a loss, just wait for the time the coin will buy its price back recovered, if the price is recovered we just bought it.
how to avoid mistakes in trading and take less risk ?
Cryptos is very volatile, its hard to predict even when there's positive news to pump it up. Safe way is when you buy set a target on when to sell, don't set a target too high that is not attainable. Be happy with just 3%-5% profits per day.what need to learn for be a good trader ?
Learn to read charts. Learn to read those candle sticks. There are cheat sheets out there that gives you an idea on the current status and the possibility of where the chart is heading by looking at those candle sticks. Learn how to se tools like Bollinger Bands, RSI and Parabolic SAR. I think even daily trading has a very high risk, not necessarily the coins we buy at that time, will rise even if only 1%, could fall by more than 10%
As you say, a very volatile market that causes it all, Long term is the best, especially for beginners. but beginners always expect profit quickly
how to avoid mistakes in trading and take less risk ?
Cryptos is very volatile, its hard to predict even when there's positive news to pump it up. Safe way is when you buy set a target on when to sell, don't set a target too high that is not attainable. Be happy with just 3%-5% profits per day.what need to learn for be a good trader ?
Learn to read charts. Learn to read those candle sticks. There are cheat sheets out there that gives you an idea on the current status and the possibility of where the chart is heading by looking at those candle sticks. Learn how to se tools like Bollinger Bands, RSI and Parabolic SAR.
Trade five percent of your Deposit. After a series of losing trades, you need to stop trading and continue on the next day. You need to clearly adhere to your chosen strategy, if you do not follow this rule you will fail.
Maybe you could try Distributed Dragon Chain or DCC. Check it by your own buddy http://www.dcc.finance/
do you have suggestions , how to avoid mistakes in trading and take less risk ?
and what need to learn for be a good trader ?
and what need to learn for be a good trader ?
While trading people make big mistake, they do it with the emotions and they come really from the bottom of their heart! But in fact this shouldn't be the case in reality. Those who do it this way, makes the decisions based on the emotions and thus in the bad timing like the current when the market is falling down they wills art packing a lot and will close the trades that they have opened for the higher rates and they will end up loosing huge amount of money in the process. Thus dont be a emotional full and try to make it straightforward decision and be a man while trading. Thats all I have to say to everyone.
do you have suggestions , how to avoid mistakes in trading and take less risk ?
and what need to learn for be a good trader ?
What you need in trading is a careful analysis and patience (emotions and panic feelings can make a loss).and what need to learn for be a good trader ?
Do not put all your money on one coin and don't forget to provide a backup fund to recover if the coins you buy go down.
You need to learn information like reading articles, watching education videos in YouTube, surf in the forum etc. Then you need to choose type of trading - long-term or day. Day trading need experience and knowledge. If you have this - do it. But you asked for some help, so you haven`t got this. Then you should hold. But you must invest in good projects. Finding them isn`t easy. And I suggest you one - TraceTo. It`s a decentralized KYC, which uses AI and SmartContract to verify. I think, that this project is perspective, cause software like this is needed by companies
my advice for trading is you have to be confident with not to be easily influenced by other people's talk and in my opinion the most important is control your patience, because your patience is very important.
there are no special tricks in trading, which has a great advantage is a factor of luck, besides by reading the graphics may be a little help you not to lose too much.
do you have suggestions , how to avoid mistakes in trading and take less risk ?
and what need to learn for be a good trader ?
and what need to learn for be a good trader ?
to be able to learn it of course all of course not easy, every trader will experience mistake they will do, so to be a good trader we have to be patient and can take lesson from mistake we ever do, and we will not make mistake same for fore , to be able to trade properly, certainly takes time.
I think money management always can be the key to get profit from trading. It's mean you can control yourself with decide how much to sell and decide to cut loss your profit when price going fall. You also need to care about trend and issue of crypto world, it's can be fundamental analizy. You also need to learn how to waching coin movement to make best decide of trading.
Try to choose a valuable coin that has high popularity and people like that coin very much will increase your trading system and will speed up your speed. As demand of valuable coins is high and it will be very easy to trade with such coins, these trading are becoming frictionless and going without any hurdles in the way. Now start trading and do follow the principles of market.I think money management always can be the key to get profit from trading. It's mean you can control yourself with decide how much to sell and decide to cut loss your profit when price going fall. You also need to care about trend and issue of crypto world, it's can be fundamental analizy. You also need to learn how to waching coin movement to make best decide of trading.
Try to choose a valuable coin that has high popularity and people like that coin very much will increase your trading system and will speed up your speed. As demand of valuable coins is high and it will be very easy to trade with such coins, these trading are becoming frictionless and going without any hurdles in the way. Now start trading and do follow the principles of market.
you think is good moment to go All in on ICX ? i think will pump very soon again .
do you have suggestions , how to avoid mistakes in trading and take less risk ?
and what need to learn for be a good trader ?
The most important thing is just to learn the basic things you need to know. Get to learn how to make good use of the indicators, most especially, MACD, Stoch RSI, Moving averages, as well as some other ones to follow trend such as the Ichimoku cloud to help you trade some basic supports.and what need to learn for be a good trader ?
Additionally, get to know about support and resistance, and how to use trend lines as well as some patterns to know how to make decisions. As long as you can get to know these few things, you can start applying them with little amount of money to start with until you are able to gain some confidence and know you are ready.
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