The Signal to Start Trading and the Signal to Close Trading

Mahanton

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Quote from: pawanjain on September 25, 2022, 12:28:54 PM

Quote from: Mate2237 on May 03, 2022, 01:22:27 PM

Trading is not so difficult as it was told. But the difficult part in trading is when to enter the market and when to Close the market. So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.

What ? Isn't that the most important thing in trading itself ?
Knowing when to enter and when to exit is 90% of the trading while the rest 10% may include putting the buy order and sell order LOL
Building a strategy and executing it is included in the 90% and the one who can do this knows how to trade efficiently.

To those traders who do really make able to sustain themselves on the market or simply those profitable then are the ones who could really make use and do knows on when to get in and when to exit.
We know that this market is truly unpredictable but it doesnt mean that it would really be that impossible yet there are ones who could able to sustain themselves despite of those reality.
You would be the one who would find for yourself on what strategy and what ways you should consider before you could really make out such action.You cant just copy someone
because we do have our own preference and views in different scenarios or conditions.

pawanjain

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Quote from: Mate2237 on May 03, 2022, 01:22:27 PM

Trading is not so difficult as it was told. But the difficult part in trading is when to enter the market and when to Close the market. So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.

What ? Isn't that the most important thing in trading itself ?
Knowing when to enter and when to exit is 90% of the trading while the rest 10% may include putting the buy order and sell order LOL
Building a strategy and executing it is included in the 90% and the one who can do this knows how to trade efficiently.

TheUltraElite

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Quote from: ItsCrafty on September 20, 2022, 07:02:46 AM

Actually, there isn't anything more rigorous, but everything takes some level of skill sets. If you believe the market isn't performing well currently, hold onto your coins rather than exiting; doing so puts your money at risk. Exit and enterase depend on parameters that are unknown until they are present, hence everyone lacked prior education with this. The signals you see can often respond but can also fail.

Signals are not real for any case, most of them are cooked and made to fool users and make them pay for premium memberships. While the owners of the group dump their own shitcoins on these naive investors additionally profiting from the memberships as well.

Depending on market movement there are things to do in every stage. One can buy at the low or just wait it out, but they should not complain when the price goes up and that its too expensive then and rather sell for profit. No coin will give profits everyday and no coin will ever be the biggest one can imagine, these are cyclical movements and not absolute.

palle11

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Quote from: Mate2237 on August 01, 2022, 12:45:25 PM

MetaTrader 5 is one of the basic trading apps for beginners.

MetaTrader 4 also is nice. It is more elementary for beginners than MetaTrader 5 that has more advise configuration although that is also good if a newbie is starting with it and getting use to it because the market is getting more technical. I still prefer MetaTrader 4. However in comparison there are no much difference in them.

ItsCrafty

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Actually, there isn't anything more rigorous, but everything takes some level of skill sets. If you believe the market isn't performing well currently, hold onto your coins rather than exiting; doing so puts your money at risk. Exit and enterase depend on parameters that are unknown until they are present, hence everyone lacked prior education with this. The signals you see can often respond but can also fail.

Mate2237

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Quote from: joeperry on May 04, 2022, 07:49:27 AM

If you study and understand basic trading, then you should know how to enter and exit the market. It depends on you what kind of strategy you would like to use if you use candlestick then it is not a problem, sometimes I use demand and supply area (most likely support and resistance) in my trading and it is working, just understand the concept and learn more in trading aside from candlestick and I am sure you will get the grip of it.

MetaTrader 5 is one of the basic trading apps for beginners. With it beginners can understand more on trading and it is also common trading platform in the digital currency ecosystem. Then another app beginners can also use is Tradingview which can use to view the movement of the market. It will be used to know the bull and bear market of any online trading.

LUCKMCFLY

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To be honest, I don't think it's necessary to be sure of all these signals. At the very least, it is more important to pay attention to experience. When I worked with a broker from Amarkets, I tried to devote enough time to training.

Sometimes the market tends to behave in a very strange way, it is up to us to know how to decipher what its possible movements are, in some books that I have read they say that all the information is in the volume, what it is, what can happen and what it will possibly give in the long term, of course this is because it can be invalidated if a whale decides to sell a lot, but in general terms the market tends to behave like this, in any case to take into account the BTC market its volume is not consolidated, which is difficult and sometimes inaccurate for many analyzes and very few know this.

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Quote from: Mate2237 on May 03, 2022, 01:22:27 PM

But the difficult part in trading is when to enter the market and when to Close the market. So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.

This should depend on your knowledge to analyze the price chart and the current trend. If you are an old trader/investor, you must be very familiar with the characteristic of crypto market and the price moves of crypto coins. For me, only decide to buy when we assume a coin to have a pump in the near future. or there is a good sign that the price probably rises because of a strong reason such as listing on a top exchange, burning events, or launching its product (MVP). We must sell the coin when it has a good trend (during the pump/rise). Note that we mustn't be greedy, be realistic.

Be careful to buy during this bearish period if you buy for a short-term holding, the price tends to drop. But if you buy for a long-term holding, this bearish period is a quite safe time for adding more coins to your wallets. Be wise to use funds, know your target!!

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Quote from: Rufsilf on June 08, 2022, 08:44:11 AM

Quote from: Oshosondy on June 08, 2022, 05:44:51 AM

Signal is just what can make a trader to fail, it makes them weak, not able to learn, they use the signal first and they may make profit, but in the long run, they will only see that they lose than gain if the net profit is calculated. Some signals are paid for and yet used but failed. I do advice people not to make use of trading signals, copy trading and the use of bots. Learn is very important for traders, using low amount for some months and they can increase it if they are begining to make profit.

Perhaps, we can do it by ourselves rather than relying on others pretending their signals are accurate and working. We can't be fools, we know the market situation and its volatility, and not even the crystal could see it through, therefore, believing these signal groups is way no better and only leads us to lose our confidence.

Whether it was paid signal or not, they are not reliable actually. Anyone who has been in the market can make his/her own judgment. We can predict however we don't also think it gonna be right, it was just a market presumption, not really the things to happen.

We are all just speculators and its really that normal that those guesses and predictions wont be 100% accurate and its true that it would be more worth if you do make your own analysis rather than on relying into
someone when it comes to this because it wont really be that regretful in case you do lose money compared when you do follow someone and then he lost those trades which would result into loss of money
then its better to be relying with your own analysis rather than into be that relying on someones prediction and call which is something not that far apart if we do make on our own.
Market is unpredictable and theres no way that someone could claim that they do know on where it would be heading.

tygeade

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Quote from: Oshosondy on June 05, 2022, 11:59:11 PM

Quote from: FanEagle on June 05, 2022, 05:51:25 PM

I know for a fact that I had to do some stuff that would change things, but it will not be a simple change, I had to relearn all I knew about indicators in order to make sure that I didn't do any mistakes, because there were plenty of times when I lost money when in fact I did everything correctly like I should. It is not going to be a big major shock to anyone, but indicators do not have 100% success rate, if they did, we would all be simply using them and be wealthy.

Exactly what I am saying, not all the time indicators can help, there have been time I was using high leverage and trading altcoin which are more volatile than bitcoin, I did almost everything correctly but just because of high leverage and because trading indicators can not be 100% accurate, slight mistake led to liquidation of my asset, not long the market corrected to the extent I ought to gain but no asset again. This has happened to me like five times before I know I should reduce my leverage and I prefer to trade bitcoin now.

This is the risk of high leverage, you are aiming at making profit as if you have a huge capital, with the little capital you have, that is the understanding of leverage trading. So, if you want to invest 10k, but want to profit like you invested 100k, then the risk of you losing is bigger.

So, when you have a 10% drop, it will liquidate all of your money and it will be all gone, because it just went from 100k to 90k with 10% drop, but since you leveraged your 10k, that will cover it. This is the "basics" of it, so if you are risking such high amount, for a high profit, then sometimes when it drops then you need to face it and accept it and move on.

Rufsilf

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Quote from: Oshosondy on June 08, 2022, 05:44:51 AM

Signal is just what can make a trader to fail, it makes them weak, not able to learn, they use the signal first and they may make profit, but in the long run, they will only see that they lose than gain if the net profit is calculated. Some signals are paid for and yet used but failed. I do advice people not to make use of trading signals, copy trading and the use of bots. Learn is very important for traders, using low amount for some months and they can increase it if they are begining to make profit.

Perhaps, we can do it by ourselves rather than relying on others pretending their signals are accurate and working. We can't be fools, we know the market situation and its volatility, and not even the crystal could see it through, therefore, believing these signal groups is way no better and only leads us to lose our confidence.

Whether it was paid signal or not, they are not reliable actually. Anyone who has been in the market can make his/her own judgment. We can predict however we don't also think it gonna be right, it was just a market presumption, not really the things to happen.

Oshosondy

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Quote from: GeorgeJohn on June 06, 2022, 06:40:50 PM

Quote from: sklopan on May 11, 2022, 09:40:18 AM

With signals I advise you to be as careful as possible. Do not forget that quite often there are moments when signals can provide information that requires confirmation.

yes of course but that actually happened the source of signals provider is not really perfect, i know it's not every time a signal most be accurate, but some elements of signs will be shown directly, the source get read of my signal never disappointed me, if they will a change or difference it will be slightly difference with what my source capture and also caution. Shall in normal circumstances we are not suppose depends on signal another person. But using chart will give you more courage than any.

Signal is just what can make a trader to fail, it makes them weak, not able to learn, they use the signal first and they may make profit, but in the long run, they will only see that they lose than gain if the net profit is calculated. Some signals are paid for and yet used but failed. I do advice people not to make use of trading signals, copy trading and the use of bots. Learn is very important for traders, using low amount for some months and they can increase it if they are begining to make profit.

GeorgeJohn

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Quote from: sklopan on May 11, 2022, 09:40:18 AM

With signals I advise you to be as careful as possible. Do not forget that quite often there are moments when signals can provide information that requires confirmation.

yes of course but that actually happened the source of signals provider is not really perfect, i know it's not every time a signal most be accurate, but some elements of signs will be shown directly, the source get read of my signal never disappointed me, if they will a change or difference it will be slightly difference with what my source capture and also caution. Shall in normal circumstances we are not suppose depends on signal another person. But using chart will give you more courage than any.

Oshosondy

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Quote from: FanEagle on June 05, 2022, 05:51:25 PM

I know for a fact that I had to do some stuff that would change things, but it will not be a simple change, I had to relearn all I knew about indicators in order to make sure that I didn't do any mistakes, because there were plenty of times when I lost money when in fact I did everything correctly like I should. It is not going to be a big major shock to anyone, but indicators do not have 100% success rate, if they did, we would all be simply using them and be wealthy.

Exactly what I am saying, not all the time indicators can help, there have been time I was using high leverage and trading altcoin which are more volatile than bitcoin, I did almost everything correctly but just because of high leverage and because trading indicators can not be 100% accurate, slight mistake led to liquidation of my asset, not long the market corrected to the extent I ought to gain but no asset again. This has happened to me like five times before I know I should reduce my leverage and I prefer to trade bitcoin now.

FanEagle

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Quote from: Oshosondy on June 03, 2022, 02:03:24 PM

Quote from: TheUltraElite on June 03, 2022, 11:44:24 AM

ndicators are only for giving a general idea about the market movement and not for accurately predicting the movement. Moreover, technical analysis is a pseudo-science and is more or less correct in 50-50 cases because a lot of factors are involved here.

Indicators are actually helping in prediction to know the direction the market will go, either up or down, but there are sometimes that indicators may fail, there are sometimes you may think the indicator failed to give you the right prediction, but later the market will correct itself to the direction the indicators are pointing to. I have used indicators and they work successfully. But no using only indicators will help, also self discipline and risk management are all important.

You are right that indicators will not make the trading successful all alone. You need other stuff, experience and risk/reward ratio correctly calculated is another one. I personally believe that the indicator reading is just a part of the trading world, and it is not the whole part.

I know for a fact that I had to do some stuff that would change things, but it will not be a simple change, I had to relearn all I knew about indicators in order to make sure that I didn't do any mistakes, because there were plenty of times when I lost money when in fact I did everything correctly like I should. It is not going to be a big major shock to anyone, but indicators do not have 100% success rate, if they did, we would all be simply using them and be wealthy.

wxa7115

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Quote from: Oilacris on June 02, 2022, 04:19:01 PM

Trading is never been easy and i dont really believe into those people who do really claim out that trading is easy and going back into someone personal status of their trading activities then
it doesnt matter if you do earn less or big because the one thing you should do mind off on how you would gonna sustain your trading.

Those which claim that trading is easy can only fall into three categories, those which have never tried and have a misconception of it, those which are trying to get you into the market so you can acquire their services or even scam you, and those which are natural born geniuses and which do indeed find trading to be easy.

However the truth is that by far the majority of the people will find trading to be hard, and it is not difficult to see why this is the case, if we think of trading as a competition then you are competing against millions of people which have the same goal as you, which is to make money in the markets, meaning that only the best have any chance of making any money, while the rest slowly see their capital going down as they do not understand the true nature of the markets.

Oshosondy

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Quote from: TheUltraElite on June 03, 2022, 11:44:24 AM

ndicators are only for giving a general idea about the market movement and not for accurately predicting the movement. Moreover, technical analysis is a pseudo-science and is more or less correct in 50-50 cases because a lot of factors are involved here.

Indicators are actually helping in prediction to know the direction the market will go, either up or down, but there are sometimes that indicators may fail, there are sometimes you may think the indicator failed to give you the right prediction, but later the market will correct itself to the direction the indicators are pointing to. I have used indicators and they work successfully. But no using only indicators will help, also self discipline and risk management are all important.

Quote from: TheUltraElite on June 03, 2022, 11:44:24 AM

What I prefer is the long term game for buying low and selling high. In between, just hold, dont look at the market prices and panic - get involved in some other stuff in life Grin

When the market bounces back you have your chance again. But very little use of indicators would be needed for this. The major use of indicators is in day-trading and that too ends up being a gamble.

So if you want to stay with the advantage in your hands, better to stick to long term trading and use indicators will a bag of salt.

Long term is the best, let the market fall, buy and wait and sell when the market has risen, but buy again when the market fall. No indicator is needed for this but some professionals use indicators too like the SMA.

TheUltraElite

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Quote from: Oshosondy on June 02, 2022, 03:06:00 PM

But this does not still mean trading is easy, the theoretical part can be easy but to make profit often may not be easy. You are right that using trading indicators is very important, I started to use Bollinger Band and Relative Strength Index and I make some profit, but my take profit is not that of a long range and I am cool with just the little profit I make. Some traders do not make use of trading indicators but just trade like they are gambling which makes them more vulnerable to losses.

Indicators are only for giving a general idea about the market movement and not for accurately predicting the movement. Moreover, technical analysis is a pseudo-science and is more or less correct in 50-50 cases because a lot of factors are involved here.

What I prefer is the long term game for buying low and selling high. In between, just hold, dont look at the market prices and panic - get involved in some other stuff in life Grin

When the market bounces back you have your chance again. But very little use of indicators would be needed for this. The major use of indicators is in day-trading and that too ends up being a gamble.

So if you want to stay with the advantage in your hands, better to stick to long term trading and use indicators will a bag of salt.

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Quote from: Oshosondy on June 02, 2022, 03:06:00 PM

Quote from: teosanru on May 27, 2022, 04:06:08 PM

Ideally there is a complete theory on this you have to enter on primarily when there is either a breakout, reversal or continuation of any major pattern, in this you take confluence with some indicator that you have in your arsenal and then prepare some pivot points for take profit and stop losses. This way you trade appropriately finding the correct points of trading.

But this does not still mean trading is easy, the theoretical part can be easy but to make profit often may not be easy. You are right that using trading indicators is very important, I started to use Bollinger Band and Relative Strength Index and I make some profit, but my take profit is not that of a long range and I am cool with just the little profit I make. Some traders do not make use of trading indicators but just trade like they are gambling which makes them more vulnerable to losses.

Trading is never been easy and i dont really believe into those people who do really claim out that trading is easy and going back into someone personal status of their trading activities then
it doesnt matter if you do earn less or big because the one thing you should do mind off on how you would gonna sustain your trading.

Doesnt matter on what are the ways or methods you would be using because this is the only thing that what matter most which is related to this.

Knowing on the perfect buy or sell time is impossible because this market is really that unpredictable which means that it cant be possible.

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Quote from: palle11 on June 02, 2022, 10:47:05 AM

Quote from: seleme on May 30, 2022, 04:46:57 PM

Timing is as important as price point when you enter or exit the market position. Some traders use various indicators that derived from price while other traders use sentimental analysis for this purpose that can help to perfectly nail timing/price ratio. In volatile crypto markets, using all available tools doesn't mean you gonna succeed on this way, you have to improve your trading skills for near perfect shots. Make your choice that suits your trading style.

Skills and indicators are qiite important in the business of trading because you have done it overtime and when the challenge comes you can handle it. There is another side to the skill and indicators that is experience and emotion. If you you can't put emotion to check then no matter the best indicators, you still keeping coming back to emotional mistake.

This 4 could be like a book levels of detailed importance. If you have skill (meaning you know what you are doing and studied trading very well) and you can read charts and indicators, then you have all the things you need in order to be a good trader, but you do not start as the great one, with more experience you become better and better, but only if you are capable of leaving your emotions at the door when you come in to start trading.

I honestly feel like that is the way to get rich in this world. This is a great post that should be detailed a lot more by someone who has the ability to make some good content and I bet it will get a lot of merit as well.

Topic: The Signal to Start Trading and the Signal to Close Trading (Read 715 times)