Topic: Teach me how to fish (Read 1979 times)
Well for trading you should be ready for every outcome and as you know nothing comes easily in the digital space be prepared for that since many will be the short falls because trading is not an easy thing. Any form of trading requires a lot especially with the continuous monitoring of prices to know the right time to enter the trade and when to sell out. You really need a technical eye for this.
Have you traded on the already popular altcoin or did you trade on a new altcoin? if you trade on top altcoin I don't think you will lose a lot of money, if you trade on new altcoin you will certainly lose a lot of money because most of them only pump and dump
so don't make mistakes again
I can't support you because popular coin couldn't give you profits all the time. Without exceptional person, every single person lose money in last year until 13k bullrun of Bitcoin. For start perfect trade, you should enter during dump price of Bitcoin. Only new altcoins could give you the highest profits, if you do short term trade in Bitcoin bullrun. so don't make mistakes again
I think it's better to craft your own strategy, no pro traders will want to teach you his or her trading strategy, you are on your own, just learn about candles and use market conditions to your own advantages
Some people need to be groomed right from the start. The OP knows what he wants, but how to get it is the problem.
Those that traded easily in late 2017 and early 2018 could think they have arrived as traders, but along the line, the SW the amateur in them, because they were losing after that time. Trading has its own rudiments and some times we just need the basics, to start with.
Actually it is not so difficult to succeed in trading. I will tell you a few main points that must be followed in order to be successful in trading.
The first must be able to choose the right coins to buy, wrong choosing coins can be difficult to make profit. Good coins to buy which has
a high volume and must be popular. The second point makes it a habit to start trading with small capital, so the risks faced will be lighter.
And the last point is emotional control when trading, don't let greed overwhelm us when trading.
The first must be able to choose the right coins to buy, wrong choosing coins can be difficult to make profit. Good coins to buy which has
a high volume and must be popular. The second point makes it a habit to start trading with small capital, so the risks faced will be lighter.
And the last point is emotional control when trading, don't let greed overwhelm us when trading.
Trading is never been easy as many feel because its need some good knowledge and search from investor if you able to do some hard work for yourself then surely you can try in this way and can earn some good profit but please just invest which you can afford to lost and every time stick with your plan never cross lines as this can kill you and your funds.
Have you traded on the already popular altcoin or did you trade on a new altcoin? if you trade on top altcoin I don't think you will lose a lot of money, if you trade on new altcoin you will certainly lose a lot of money because most of them only pump and dump
so don't make mistakes again
so don't make mistakes again
Look there is no rocket science, if you know the basics well enough you can become a good trader.
Firstly you should know and have some command over fundamental and technical analysis.
Secondly, you should know how candlesticks closing can help you in identifying the next market move.
You should also know about chart patterns and then you can predict where market is heading.
You should also be able to spot long term trends and you should follow the trends by going in the direction of the trend.
Support, resistance, breakouts, harmonic patterns are also important and can help you in making winning trades.
Firstly you should know and have some command over fundamental and technical analysis.
Secondly, you should know how candlesticks closing can help you in identifying the next market move.
You should also know about chart patterns and then you can predict where market is heading.
You should also be able to spot long term trends and you should follow the trends by going in the direction of the trend.
Support, resistance, breakouts, harmonic patterns are also important and can help you in making winning trades.
If you are rally passionate about learning trading then i am sure you will learn all the skills one day, all kinds of resources are available online, you just need to be patient, give time learning and understanding each and everything, just donot be hasty or greedy, once you are confident how it works only then you will be successful, personally i would suggest you to use stop loss if you want to be high frequency day trader.
If you want to trade, start trading with a small amount but do not spend capital on one transaction . Remember that even expert traders lose big time in trading, the market is difficult to speculate, you will never know what will be the bottom and the peak. Just set for a certain target price for buying and selling and then determine your own strategy.
Everyone keeps pointing to trading as the best alternative to earning in this bear market but my past experience about trading was bad and now i am willing to give a try again, can any one give me good guide? don't just tell me to find strategy without giving me any, teach me how to fish
Trading is a matter of patience. Prices of tokens are volatile meaning it is unpredictable. I have same experience as yours wherein bad because I hold the token for too long but unfortunately it has lost its value. Trading is like a game, you gain or lose. There is no exact strategy for me. It is like make sure to invest what you can afford to lose.
Everyone keeps pointing to trading as the best alternative to earning in this bear market but my past experience about trading was bad and now i am willing to give a try again, can any one give me good guide? don't just tell me to find strategy without giving me any, teach me how to fish
if you remember this "buy low and sell high" some people may think if buy low can be achieved easily but the problem is how you can get the bottom price of coin that can give you instant profit when there will be a bump again. If you are willing to do trade again and you can start to think if the bearish trend will always be the your range to enter the market. You don't need to learn everything like fibonaccim or another technical analysis caused by this is crypto when something getting affected by various factors especially the fundamental that comes from the news everyday.
What you need to learn is about how to get the bottom price when there will be a bearish market.
put that as your main point to trade. never try to join in the market when it was getting bullish.
If you do not have enough knowledge, you can get help from Google. You have to do a lot of research to find out which way an altcoin will be profitable. You can learn a lot by watching YouTube videos. You need to research other good coins and find out the best. And with all the good coins to move forward. Only then can you find success in this digital era .
Everyone keeps pointing to trading as the best alternative to earning in this bear market but my past experience about trading was bad and now i am willing to give a try again, can any one give me good guide? don't just tell me to find strategy without giving me any, teach me how to fish
before trade you should analysis the price of coins that you want trade everyday to make sure how much you buy and sell. look the up or down trend is importance, ussually when bitcoin rise price will be followed by altcoin price. and then always update the news of cryptocurrency, this news will help the coin price. do not follow some one just do it with yourself 
I'm not a trading expert, but I just want to share tips that I used to do.
First you have to divide your capital into 3 parts, do not spend on just one kind of coin. Secondly, your money is intended to buy coins at the actual price, the price below, and the price below it again, functions as a backup of your money that will be useful as an accumulation of the totality of your money. If you want a fast profit, then follow the trend or can choose coins that are currently high in volume and are in a bullish trend, this can be you get information from the trading discussion. And then you should prepare yourself mentally because the possibility of 40-50% of your money can disappear in an instant, Do not leave your trading screen if playing fast trading in order to cancel an order. Maybe that's just the tips are useful.
First you have to divide your capital into 3 parts, do not spend on just one kind of coin. Secondly, your money is intended to buy coins at the actual price, the price below, and the price below it again, functions as a backup of your money that will be useful as an accumulation of the totality of your money. If you want a fast profit, then follow the trend or can choose coins that are currently high in volume and are in a bullish trend, this can be you get information from the trading discussion. And then you should prepare yourself mentally because the possibility of 40-50% of your money can disappear in an instant, Do not leave your trading screen if playing fast trading in order to cancel an order. Maybe that's just the tips are useful.
Rather than keeping a close eye on your trading screen, I recommend setting a stop loss while setting a sell order. It will help limit loss when the coin dumps massively for instance. However, you mentioned accumulating the coin you want to buy as it dumps, which is a very good strategy, and it works for me. For example I divided my funds and have 500$ to buy NEO and its current price is 10$, firstly I buy with 100$ out of my 500$, then set another buy at 9.5$ and also 9$ then watch the market.
Just like in trading, we should not just give signals to people for free, as we are just letting them have a fist and not learning how to do fish, that's why we should just say to those people that they should do their part to do and study well trading, do their own research and for them to experience it if they really want to earn profit from trading.
I'm not a trading expert, but I just want to share tips that I used to do.
First you have to divide your capital into 3 parts, do not spend on just one kind of coin. Secondly, your money is intended to buy coins at the actual price, the price below, and the price below it again, functions as a backup of your money that will be useful as an accumulation of the totality of your money. If you want a fast profit, then follow the trend or can choose coins that are currently high in volume and are in a bullish trend, this can be you get information from the trading discussion. And then you should prepare yourself mentally because the possibility of 40-50% of your money can disappear in an instant, Do not leave your trading screen if playing fast trading in order to cancel an order. Maybe that's just the tips are useful.
First you have to divide your capital into 3 parts, do not spend on just one kind of coin. Secondly, your money is intended to buy coins at the actual price, the price below, and the price below it again, functions as a backup of your money that will be useful as an accumulation of the totality of your money. If you want a fast profit, then follow the trend or can choose coins that are currently high in volume and are in a bullish trend, this can be you get information from the trading discussion. And then you should prepare yourself mentally because the possibility of 40-50% of your money can disappear in an instant, Do not leave your trading screen if playing fast trading in order to cancel an order. Maybe that's just the tips are useful.
ecxx exchange has advanced and beginner trading modes. They also have a mobile trading app. This is the best exchange I've used so far.
Almost an exchange is the same method for trading and investing for beginner, but need much money first if want trading with bitcoin or altcoin, without money how come you can buy and invest with cryptocurrency. Better looking and joining with free way to earn bitcoin and altcoin then use your earning to invest with bitcoin and altcoin.
ecxx exchange has advanced and beginner trading modes. They also have a mobile trading app. This is the best exchange I've used so far.
Everyone keeps pointing to trading as the best alternative to earning in this bear market but my past experience about trading was bad and now i am willing to give a try again, can any one give me good guide? don't just tell me to find strategy without giving me any, teach me how to fish
Honestly, no one can teach you all things. Today, you can learn anything quickly with Google Search, but to be honest, did you really trust that knowledge? I'm sure it just a half or less than that!The experience can't share through some articles, guides, etc. You must become a trader, trade every day and get your experiences! That's all!
It is impossible for us to teach someone else how to trade with just a forum post, it is also very important that people make an effort to look for that information by themselves and then ask questions about a specific point they do not understand.
Hey, unfortunately, a big part of learning to trade is doing your own research. It is very important that you read a lot of different articles and books as well as watching videos of how other people trade to develop your own strategies. If you are lacking in confidence then you can also use a social trading platform such as eToro which has a copy trader feature that allows you to find top investors who have done well and you can copy their trades. It is a nice hands-on way to learn other trader's strategies.
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