Technical aspect in trading | Bitcointalksearch.org

iv4n

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Quote from: topman21 on September 20, 2022, 06:24:55 PM

Quote from: Tessnik on October 14, 2021, 04:52:00 AM

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

First you need to gain experience about trading. Since you are doing trading on trading platform you need to know about trading first what is trading actually.Market analysis should be done If you can't analyze the market then you will never be able to profit by trading from the trading platform.You have to follow every signal. You have to act according to the signal.There are also various technical aspects that you can follow But without experience you are not allowed to trade on the trading platform. Because trading is not so easy.

Well, now OP can say that he has some experience in trading, he got into trading with serious money and he lost, but we can hope that he learned something while he was losing all that money! I guess he thought that with some serious capital it will be easy to make money with lucky guessing, probably he got into the wrong coins at the wrong time, and he was impatient to wait for those coins to gain some momentum... if you sell with a loss every time after some time your capital will melt!

He just needs to follow some suggestions from this topic, how to choose a pair and follow it for a while, to see the best timing for trading that pair, to learn more about that pair, it's called research... with lucky guessing, nobody made a fortune in the long run.

Bhig Daddy

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Are you trading spot and are you in a hurry to ignore the rate at which the price is falling? If you've already suffered a lot of loss, you have plenty of time to deal with everything. Play it safe and try to trade safely. to momentarily abstain from spot trading. Pick a time frame, such a week, for price changes. while studying all of the fundamental trading indicators.

topman21

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Quote from: Tessnik on October 14, 2021, 04:52:00 AM

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

First you need to gain experience about trading. Since you are doing trading on trading platform you need to know about trading first what is trading actually.Market analysis should be done If you can't analyze the market then you will never be able to profit by trading from the trading platform.You have to follow every signal. You have to act according to the signal.There are also various technical aspects that you can follow But without experience you are not allowed to trade on the trading platform. Because trading is not so easy.

Rengga Jati

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Quote from: Quidat on September 18, 2022, 03:54:19 PM

But we know that not all traders does have that kind of long patience which for them to be able to wait up for that long for them to reap up some profits on which there are ones who do really trade off with shorter scale or span of time where they do prefer on seeing those possible gains on without needing to wait up on long term this is where things turns out to be different where engagement of someone

This is a personal condition, where if they are not patient every time, without any learning and problem solving on managing the emotion and patience, this means that there is something wrong with him, not with the trading activities. Because being patient and good emotion management become strong elements that must have in trading in order to minimize the risks of losing because of impatience. If someone has this impatience, they should be able to manage themselves to fix the problem, or they will lose more and more.

Quote from: ItsCrafty on August 16, 2022, 11:58:59 AM

First of all it is quite riskier to invest large portion of money at the beginning and other thing is that your concentration and thoughts should be focused on your aim. In my opinion you have to buy that coin about which you have surety that it will pump and will give huge revenue. Spot trading is riskier and it become more riskier when you use large part of money for it.

Could your statement be reversed?
Isn't spot trading less risky when compared to futures trading or trading with leverage?
Moreover, you are talking about trading coins that are likely to pump, this is like gambling, isn't it? because we won't know what coin to pump.

Zilon

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Quote from: ItsCrafty on August 16, 2022, 11:58:59 AM

First of all it is quite riskier to invest large portion of money at the beginning and other thing is that your concentration and thoughts should be focused on your aim. In my opinion you have to buy that coin about which you have surety that it will pump and will give huge revenue. Spot trading is riskier and it become more riskier when you use large part of money for it.

Buying coin without any tool giving in signal on when to buy and when to pull out is even more riskier. We don't just buy because every where seems bullish what if it was a trap? in fact every thing about crypto is risky the very reason why it's not advisable to risk more than one can afford to lose.

The crypto market is highly volatile added to the series of pump and dump projects everywhere. All Op needed was to learn first before taking such a risky adventure. Maybe Op might have heard how people became millionaires through trading and felt it was just as easy as it was told. Newbies should learn from this because no amount of technical analysis given here will save a trade placed against trend

Mahanton

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Quote from: ChiNgadOr on September 18, 2022, 06:36:44 PM

Quote from: ItsCrafty on August 16, 2022, 11:58:59 AM

First of all it is quite riskier to invest large portion of money at the beginning and other thing is that your concentration and thoughts should be focused on your aim. In my opinion you have to buy that coin about which you have surety that it will pump and will give huge revenue. Spot trading is riskier and it become more riskier when you use large part of money for it.

This is one of the mistakes newbies normally make going live without having a sufficient understanding about the trading world. Trading is not meant to be immediately or too quick. We need to learn and acquire adequate information about trading before we ever think of going live again. The market is not friendly at all so we don't have to make a dangerous mistake that could make us to lose big because of lack of trading skills and the right information.
Op need to go and learn a trading skill with demo account before going live again.

Most of the time which our first impressions towards trading is that it is really just a simple thing and not so that too technical and on the time they make out that real engagement then this is where
realization do happens and able to say that it wasnt easy to get involved with.Just like on what others been saying that its never been easy.It might be only dealing on predicting prices but on how you would
gonna do that? How you would consider out on whats the bottom? Whats the peak price? You would eventually find up relevant tools and indicators which would really be helping out
on determining those points and this is where technical aspect is really that much needed.

ChiNgadOr

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Quote from: ItsCrafty on August 16, 2022, 11:58:59 AM

First of all it is quite riskier to invest large portion of money at the beginning and other thing is that your concentration and thoughts should be focused on your aim. In my opinion you have to buy that coin about which you have surety that it will pump and will give huge revenue. Spot trading is riskier and it become more riskier when you use large part of money for it.

This is one of the mistakes newbies normally make going live without having a sufficient understanding about the trading world. Trading is not meant to be immediately or too quick. We need to learn and acquire adequate information about trading before we ever think of going live again. The market is not friendly at all so we don't have to make a dangerous mistake that could make us to lose big because of lack of trading skills and the right information.
Op need to go and learn a trading skill with demo account before going live again.

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Quote from: Tessnik on October 14, 2021, 04:52:00 AM

trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

Actually, spot trading is less risk than future trading, actually, as long as you are still holding the coins, not selling the coins when the price drops, you still have them and can hold them until the price rises up. But you sold them when the price drops very much, that's the probem. You lost your money.
Except that you are buying shit coins that may head to dead coins, so, this will make you lost your money because those shit coins may not be available on the market again, or have no value again to sell.
That is why you need to learn more about how to trade even in the spot market. It is beter to buy potential coins with serious cosnideration and analysis. Trading is profitable and risky at once. The result will depend on how we are doing it.

Mpamaegbu

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Quote from: ItsCrafty on August 16, 2022, 11:58:59 AM

Spot trading is riskier and it become more riskier when you use large part of money for it.

What? How is spot trading riskier? Perhaps you were by chance trying to allude to Futures or leverage trading which is the rave now with crypto trading. Spot trading is the old crypto stuff and a kind of laid-back conventional method. Its risk is almost none. Until the trader sells, they haven't made a loss even if the crypto dips or continues to dip.

Quidat

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Quote from: Digital_Lord on September 18, 2022, 09:16:18 AM

The first blunder you made was employing a major fraction of your resources because doing so puts you at a high risk, even after you gain experience. Another error that you made was attempting to engage in spot trading all at once. Instead, investing a small amount in just that coin will be good over the long run and double your money because owning a peculiar coin is recommendable to investing all of your funds in one coin and using it for spot trading.

But we know that not all traders does have that kind of long patience which for them to be able to wait up for that long for them to reap up some profits on which there are ones who do really trade off with shorter scale or span of time where they do prefer on seeing those possible gains on without needing to wait up on long term this is where things turns out to be different where engagement of someone
on the market on very active manner would really be happening and this is where technical indicators or tools would really be mainly needed or being really used because you cant really just able to
deal up with volatility without having these things because if ever you do make trades without any basis then you are just simply doing gambling.

Digital_Lord

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The first blunder you made was employing a major fraction of your resources because doing so puts you at a high risk, even after you gain experience. Another error that you made was attempting to engage in spot trading all at once. Instead, investing a small amount in just that coin will be good over the long run and double your money because owning a peculiar coin is recommendable to investing all of your funds in one coin and using it for spot trading.

virasisog

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Quote from: Silberman on January 03, 2022, 05:07:37 PM

Quote from: jostorres on December 30, 2021, 04:48:15 PM

Quote from: ?? on ??

Before using all the aspects of the work that I know in trading, I practiced them on a demo account of the Amarkets broker. This option seemed to me the most correct.

Not a bad idea to test your trading skills on a demo account but once you start trading with real money there is a different kind of feeling and challenge you will face. I suggest you to start small no matter how successful and confident you feel on the demo account.

To master the technical analysis, we must need to gather as much as possible real time scenario. Only with real time market pressure, we could gain all the required things of trading which includes technical aspects and emotional part of risk management. Overall, nothing is possible over night in trading which is applicable to both preparation for trading and profits from trading.

Even if the principles are the same a demo account is very different to trading for real, and the reason is that with a demo account you are risking nothing but with a regular trading account you are risking your money, this means that it is very easy to trade a demo account since your emotions are not going to be engaged at all when you win or lose, but with a regular trading account your emotions will be heavily involved, which is why many people that have successful trading strategies cannot trade the markets despite that fact and lose their money.

The emotional engagement that we have towards the demo account and the actual trading are too far different from each other. It feels different if we're already risking our own funds because the feeling of anxiousness and pressure is already present. The demo account could train us yet the best training ground that we could have is the actual trading so we should expect losses as a part of the learning process. We can't learn about trading in just a single night and it will take time regardless of how long you have tried trading in demo accounts.

ItsCrafty

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First of all it is quite riskier to invest large portion of money at the beginning and other thing is that your concentration and thoughts should be focused on your aim. In my opinion you have to buy that coin about which you have surety that it will pump and will give huge revenue. Spot trading is riskier and it become more riskier when you use large part of money for it.

Bhig Daddy

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You are most likely doing the same errors that newcomers do. Even I had lost a significant amount of money in the early going. I've learned from my mistakes and experience to thoroughly examine every coin before buying any.
Become knowledgeable about technical analysis, purchase the coin at a discount, and never, ever sell it at a loss.
Since you can only lose money when you sell at a loss, you must hold onto your diamonds until you are making a profit before closing the sale. The most effective technique is usually the dollar cost average.

Silberman

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Quote from: jostorres on December 30, 2021, 04:48:15 PM

Quote from: ?? on ??

Before using all the aspects of the work that I know in trading, I practiced them on a demo account of the Amarkets broker. This option seemed to me the most correct.

Not a bad idea to test your trading skills on a demo account but once you start trading with real money there is a different kind of feeling and challenge you will face. I suggest you to start small no matter how successful and confident you feel on the demo account.

To master the technical analysis, we must need to gather as much as possible real time scenario. Only with real time market pressure, we could gain all the required things of trading which includes technical aspects and emotional part of risk management. Overall, nothing is possible over night in trading which is applicable to both preparation for trading and profits from trading.

Even if the principles are the same a demo account is very different to trading for real, and the reason is that with a demo account you are risking nothing but with a regular trading account you are risking your money, this means that it is very easy to trade a demo account since your emotions are not going to be engaged at all when you win or lose, but with a regular trading account your emotions will be heavily involved, which is why many people that have successful trading strategies cannot trade the markets despite that fact and lose their money.

Mkmanik

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Quote from: ?? on ??

Before using all the aspects of the work that I know in trading, I practiced them on a demo account of the Amarkets broker. This option seemed to me the most correct.

It's a very good idea to do a Demo/paper trade at the beginning. I also learned to trade with the Demo account. Also, I kept my trade journal regularly. I also suggest people keep the trading journal.

But doing trade with real money, there is a good feeling. Trust me, How much money you have does not matter. But if you try to do trade with real money it will be very helpful for you. After paper trading, I started my trade with only $100 and my win rate was 53% and I was in profit. To understand this, you need to follow proper risk management. Without proper risk management, Most of the traders cant able to do survive in trade. So don't forget to learn Risk management.

Pamadar

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Quote from: jostorres on December 30, 2021, 04:48:15 PM

Quote from: ?? on ??

Before using all the aspects of the work that I know in trading, I practiced them on a demo account of the Amarkets broker. This option seemed to me the most correct.

Not a bad idea to test your trading skills on a demo account but once you start trading with real money there is a different kind of feeling and challenge you will face. I suggest you to start small no matter how successful and confident you feel on the demo account.

To master the technical analysis, we must need to gather as much as possible real time scenario. Only with real time market pressure, we could gain all the required things of trading which includes technical aspects and emotional part of risk management. Overall, nothing is possible over night in trading which is applicable to both preparation for trading and profits from trading.

TA is just another good basis to anticipate where the market is heading,

Not an assurance, but it can lead you to the right direction, starting small while trying to learn the deeper knowledge using this
pattern is good, no matter what testing your skills and emotion first before placing a huge amount of money.

if you see yourself excelling, you can add portion by portion is a non-stop learning as the market is keep fluctuating,
there's always a good system to follow, either you are aiming for short trade or long-term investment.

jostorres

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Quote from: ?? on ??

Before using all the aspects of the work that I know in trading, I practiced them on a demo account of the Amarkets broker. This option seemed to me the most correct.

Not a bad idea to test your trading skills on a demo account but once you start trading with real money there is a different kind of feeling and challenge you will face. I suggest you to start small no matter how successful and confident you feel on the demo account.

To master the technical analysis, we must need to gather as much as possible real time scenario. Only with real time market pressure, we could gain all the required things of trading which includes technical aspects and emotional part of risk management. Overall, nothing is possible over night in trading which is applicable to both preparation for trading and profits from trading.

lixer

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Quote from: Wiwo on December 27, 2021, 10:02:53 AM

I don't believe in any technicalities in trading as trading is based on skills and the right trading analysis, when you talk of technicality then you will be looking for features that are not available in trading so just develop trading skills and trade with your developed skills.

I think you are confused about what the technical aspect of trading means. When you say skills, you already accept there's a technical part to trading.

Skills is the ability to predict which way the market will move, right? And how does that come?
Based on your ability to read the charts and analyse whether the market is showing signals for a crash or pump.

Silberman

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Quote from: taufik123 on December 28, 2021, 10:06:00 AM

Quote from: noorman0 on December 26, 2021, 12:25:50 AM

In fact, spot trading is easier to implement than other types of trading. Emotional control is more important than TA in spot trading, because there are no liquidation points and flexible trading timeframes. TA is not completely accurate, but traders won't really lose as long as they haven't cut losses. Bad psychology will encourage traders to always sell low, even more so if the coin has high volatility.

Bad psychology is a problem for every trader. both professional traders and novice traders, all will surely be disturbed by psychology that cannot be controlled. Sometimes there is panic when prices continue to fall and FOMO occurs when prices continue to rise.
Trading hours are also a determinant of trading psychology can be relied on or not. TA only affects when you want to enter and when you have to leave, the rest depends on each person's psychology. make a trading strategy and run according to the existing strategy, it will be better.

I have always found odd that people spend countless hours reading charts and analyzing all kind of strategies and indicators to try to get an edge on the market and they always ignore one of the most important aspects when it comes to trading, which is their own mentality, it is known that even if you have a good strategy and you have an expert by your side explaining how it works and why, if you lose control of your emotions then you will lose money to the markets, and yet most traders dedicate no time at all to try to improve themselves in this aspect.

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