The Signal to Start Trading and the Signal to Close Trading - page 3.

LouVandetta

sr. member

Activity: 602

Merit: 253

Quote from: dunfida on May 15, 2022, 05:53:13 PM

Quote from: bitcrystal on May 14, 2022, 03:14:17 AM

if you are very good with candle sticks pattern like doji, bullish and bearish engulfing candles, maribuzoo and so on. thats what you should look out for when buying and selling. all these thing are seen on chart. you can also use indicators or different trading styles. you just have to find the best that works for you, practise and stick to it.

Some saying that technicals arent really that precise.Yes, its true but this is something more better rather than having no analysis at all.It would really be just sensible for you to make use of TA and FA
when doing trading.

This industry isnt gambling on where you do make out decisions without any basis.You would really be finding yourself to be in a problem if you cant able to read up those
candle patterns or even with those trend patterns which would really be that crucial when making out selling or buying decisions.

Unfortunately, lots of traders with low knowledges how cryptocurrency trading works doesn't know that they need to do their own research be it technicals or fundamentals. They just simply want to make it rich in a little amount of time and with low effort to boot. Knowing where the market trends goes is also very important.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: dunfida on May 15, 2022, 05:53:13 PM

Quote from: bitcrystal on May 14, 2022, 03:14:17 AM

if you are very good with candle sticks pattern like doji, bullish and bearish engulfing candles, maribuzoo and so on. thats what you should look out for when buying and selling. all these thing are seen on chart. you can also use indicators or different trading styles. you just have to find the best that works for you, practise and stick to it.

Some saying that technicals arent really that precise.Yes, its true but this is something more better rather than having no analysis at all.It would really be just sensible for you to make use of TA and FA
when doing trading.

This industry isnt gambling on where you do make out decisions without any basis.You would really be finding yourself to be in a problem if you cant able to read up those
candle patterns or even with those trend patterns which would really be that crucial when making out selling or buying decisions.

What happens is that people want an indicator or a strategy that helps them win 100% of the time and something like that simply does not exist, if it was possible then whoever had such an effective strategy will sooner or later end up with all the wealth that is moving in the markets, and since that has never happened then we must accept a strategy that is way less effective than that but that still can give us good profits given enough time.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: bitcrystal on May 14, 2022, 03:14:17 AM

if you are very good with candle sticks pattern like doji, bullish and bearish engulfing candles, maribuzoo and so on. thats what you should look out for when buying and selling. all these thing are seen on chart. you can also use indicators or different trading styles. you just have to find the best that works for you, practise and stick to it.

Some saying that technicals arent really that precise.Yes, its true but this is something more better rather than having no analysis at all.It would really be just sensible for you to make use of TA and FA
when doing trading.

This industry isnt gambling on where you do make out decisions without any basis.You would really be finding yourself to be in a problem if you cant able to read up those
candle patterns or even with those trend patterns which would really be that crucial when making out selling or buying decisions.

barbara44

hero member

Activity: 2548

Merit: 605

Quote from: Kelvinid on May 13, 2022, 04:02:07 PM

Quote from: Mate2237 on May 03, 2022, 12:22:27 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.

That is why you need to create a plan (entry and exit plan), however, this will work only if you are too serious about it.
Candlestick, price chart, MACD, etc...we can use some trading tools applicable as a basis of our analysis, TA, and FA. As having these things, it was easier for us to speculate on the market, however, this never means that we can predict what really happen but at least we can anticipate any possible change that may occur.

Well they really need to be serious about it if what they want is to earn and to become a successful trader. Those who quit early only shows that they are not serious and they don't have any plans, that is why they fail too easily. No one predicts the market in full accuracy but tools are only there to help us at least predict a little closer to it.

@Mate2237
So, that means those who said that trading is a difficult thing were lying to us the whole time?
But, I think trading is actually difficult because so many things that you will need to do to learn it or to improve your trades and even for experienced traders, they sometimes have a difficulty with their trades.

bitcrystal

sr. member

Activity: 425

Merit: 252

if you are very good with candle sticks pattern like doji, bullish and bearish engulfing candles, maribuzoo and so on. thats what you should look out for when buying and selling. all these thing are seen on chart. you can also use indicators or different trading styles. you just have to find the best that works for you, practise and stick to it.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

Quote from: Mate2237 on May 03, 2022, 12:22:27 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.

That is why you need to create a plan (entry and exit plan), however, this will work only if you are too serious about it.
Candlestick, price chart, MACD, etc...we can use some trading tools applicable as a basis of our analysis, TA, and FA. As having these things, it was easier for us to speculate on the market, however, this never means that we can predict what really happen but at least we can anticipate any possible change that may occur.

sana54210

legendary

Activity: 3318

Merit: 1128

Quote from: sayaya17 on May 11, 2022, 07:04:26 AM

It is true that there is no success in trading that we can get instantly, everything requires a long process. So we really have to be patient if we want to be a successful trader, so we will experience some losses first. Then the bad experiences we have will make us understand how to trade well.

There are "some" situations when the prices are hyping like crazy where you could make a big profit. I am not saying that it will happen frequently, but remember the times when we moved from few thousand to 20k in 2017, or 10k to over 60k in 2021, and all of those periods allowed people to make quick trades and earn a good amount of money. There were plenty of times where you buy something in the morning and make a 10%+ profit by afternoon or evening.

So, it's not like it's impossible. However, it is also not a common thing and you should not be hoping that it would happen at all times, it's just a few times every 3-4 years and not common at all.

AicecreaME

sr. member

Activity: 2436

Merit: 455

Quote from: Mate2237 on May 03, 2022, 12:22:27 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.

I beg to disagree.

But trading is difficult in my opinion. It takes a lot of courage risking your money and time to gain experience to make it easy in the future. Your question on when to enter the market and exit the market is a very hard one, because technical analysis does not give accurate prediction but increase your chances on entering and exiting the market correct.

If we could only tell when is the right time to enter a trade and close a trade, all of us would be rich in no time.

nur rochid

full member

Activity: 1050

Merit: 100

Quote from: Ararbermas on May 12, 2022, 05:50:19 AM

Quote from: Mate2237 on May 03, 2022, 12:22:27 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.

it's always on the candles stick where you can get an idea when to sell and to buy in a particular level in the market base on its structure and movement and that is called price action.
And yes that's the most important strategy when it comes trading because everything will become so easy to understand and to predict even there's no clear trend in the graph.

By being able to read candles, we can read price action so from there we can determine when to close or open a transaction. actually it is not that easy to determine when to enter and exit the market, because not all candles are like our theory. on the other hand we can use EMA to determine price action, the smaller the time frame we choose, the smaller the candle space will be

Ararbermas

sr. member

Activity: 2016

Merit: 283

Quote from: Mate2237 on May 03, 2022, 12:22:27 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.

it's always on the candles stick where you can get an idea when to sell and to buy in a particular level in the market base on its structure and movement and that is called price action.
And yes that's the most important strategy when it comes trading because everything will become so easy to understand and to predict even there's no clear trend in the graph.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: justdimin on May 11, 2022, 03:28:45 PM

...If you are a long term investor, the best case would be to buy it when it is low, and wait for it to go up, watch it go down again, buy some more and keep repeating that forever.

The problem is that no one knows the final price to which the coin will fall, so they buy coins in parts. But this is also wrong if the market is bearish, in that way we reduce the average price of the coin, but at the same time the loss only increases.

Smartvirus

legendary

Activity: 1554

Merit: 1139

Quote from: Mate2237 on May 03, 2022, 12:22:27 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.

If entering and existing the market isn't trading then I wonder what is! When I saw the subject of this thread, I was hoping to see some constructive argument(s) that supports the subject but, its just another newbie having confused thoughts.
If you must know, every analysis, tool used and steps taken all gears up towards entering and existing the market without encountering loses.

Going for signals is actually buying into someone else's ideas and analysis. The one you chose not to be involved in and as professions will have it, signals are sold these days. No one would go through the stress for nothing and most of all, they are still just predictors and could be wrong or the application could make it wrong. Trading is where lots of people loose money, that's to tell you just how difficult it is.

justdimin

hero member

Activity: 3164

Merit: 675

www.Crypto.Games: Multiple coins, multiple games

Quote from: tvplus006 on May 10, 2022, 05:42:33 AM

Such a false idea of trading is usually formed by newcomers who came to the crypto market in a bull market. At such a time, almost any coin bought "yesterday", already "tomorrow" makes it possible to get a profit. With the onset of the bear market, the situation is changing and special knowledge is already required in order not to lose your money.

Unfortunately last year there were a lot of newbies who came into crypto with the hopes that they could make a ton of money, and as we can see from the situation we have not really gone that way for a long time now, which is why I do not see it going the way that people hope it would go.

I am guessing that the best case right now would be for newbies to stay in long term and wait for it to go up again and learn from their mistakes and be better on the next cycle. If you are a long term investor, the best case would be to buy it when it is low, and wait for it to go up, watch it go down again, buy some more and keep repeating that forever.

Alisha FR

full member

Activity: 868

Merit: 106

if you are trading short term this is too difficult to explain, because the current market conditions with a downturn always occur, it is very difficult to close the trade, because the chances of profit are very small. with the current market dynamics I prefer long term trading or long term investment. I think this is an opportunity to invest for the long term, because almost all Alt is down. open a trade today and release it later when the market gets pumped up again.

Clever5Flower

newbie

Activity: 24

Merit: 0

Quote from: Mate2237 on May 03, 2022, 12:22:27 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.

Following the risk/profit ratio and setting stop loss and take profit keeps me mentally healthy and I enjoy when trading on wowswap exchange

sklopan

jr. member

Activity: 98

Merit: 2

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.

sayaya17

sr. member

Activity: 1638

Merit: 255

Quote from: Inspiron14 on May 10, 2022, 12:00:33 PM

Quote from: BobK71 on May 09, 2022, 01:55:54 PM

Quote from: Mate2237 on May 03, 2022, 12:22:27 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.

If any one can do it or know it when we should start or close then it will be very easy task for earning money. It is very difficult task to find where need to start or close. If you are a good learner then it would be more easier for your to find turning point.

Everything needs a process and the more we have a lot of experience then it will make us better too,
it's not that easy of course to be able to know when is the right time to start and close,
The most important thing is to keep learning and don't get bored easily

It is true that there is no success in trading that we can get instantly, everything requires a long process. So we really have to be patient if we want
to be a successful trader, so we will experience some losses first. Then the bad experiences we have will make us understand how to trade well.
Because we definitely learn to correct every mistake we make when trading. The most important thing is that we never give up and keep learning
until we really understand when is the right time to start and close trading. Then don't rely too much on trading signals from other people,
it only makes us lose, and ultimately makes us dependent on others. Even though successful traders must be able to do their own analysis,
because only we ourselves actually understand what is best for us to do when trading.

Benefactor

hero member

Activity: 1260

Merit: 504

You can find out about Fibonacci retracement and what they are intended for. You can realize this large number of pointers well indeed, this will help you in exchanging. Once in a while being karma as far as trading is simply going. Choices coming from the group is an indispensable element to know where the coin is going to.

martyns

full member

Activity: 840

Merit: 137

Quote from: sklopan on May 10, 2022, 08:37:14 AM

You know, I was always surprised by people who wanted some kind of signals, and most importantly, they thought that these signals must be correct.

Trading signals are good for traders because it minimize the way a trader would have lost in the market. Let's say there is a 80% possibility that the coin will give someone Profits when it will start pumping. One main thing is to know when to open trade and the next thing is know when to close trade. Surprisedly, people so much believe in signals which sometimes failed them. Trading signals are not 100% garantee that it will enter, there are days when the market will be bad, and you use trading signals to enter the market, the market can go against you.

Inspiron14

full member

Activity: 1064

Merit: 101

Quote from: BobK71 on May 09, 2022, 01:55:54 PM

Quote from: Mate2237 on May 03, 2022, 12:22:27 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.

If any one can do it or know it when we should start or close then it will be very easy task for earning money. It is very difficult task to find where need to start or close. If you are a good learner then it would be more easier for your to find turning point.

Everything needs a process and the more we have a lot of experience then it will make us better too,
it's not that easy of course to be able to know when is the right time to start and close,
The most important thing is to keep learning and don't get bored easily

Topic: The Signal to Start Trading and the Signal to Close Trading - page 3. (Read 880 times)