The Signal to Start Trading and the Signal to Close Trading - page 4.

TheUltraElite

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Quote from: Leebabe on May 08, 2022, 01:06:00 PM

Being a trader in every market is difficult. It might not be as difficult as people say it is but I can say that it is complicated in its own way. One needs to have a good entry and exit point and that can't be done by using the candle sticks only.

A good trade consults the chart and checks the S/R levels before buying or selling. This can be learnt from internet resources as well but on real life this becomes tough to execute. A little bit of practice can help every aspiring trader get their edge and added to it a handful of patience and the absence of "get-rich-quick" thoughts, most people will be able to generate profits off their trades.

Entry and Exit levels are important. But making a choice to panic sell or panic buy is also depending on the trader. These things can be learnt better in a regulated market like stocks and shares.

Quote from: sklopan on May 10, 2022, 09:37:14 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.

Most are used to sell fake memberships which is the real scam. Added to that is the manipulated pump and dump. Either way, one who goes to signal groups are in it for the loss, contrary to what they think.

sklopan

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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.

shaine99

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There are 3 things that counts more

1. Technical analysis
2. Fundamental analysis
3. How experience you are in the market.

Crypto signals are very helpful. I'm using it myself.

tvplus006

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To the Moon

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.

BobK71

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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.

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.

GreatArkansas

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Buy/Sell crypto at BestChange

Quote from: kamilah147 on May 08, 2022, 11:54:28 AM

Starting a trade and ending a trade is difficult in trading, because that's what everyone should learn about where to start trading and how to set the lowest price. in trading a trader must have the ability to analyze the market, starting a new trade requires energy in determining the support line, if the market for one week has found a support point then for me it is an opportunity to open a trade. because often the market appears changes up or down for 5 to 6 days.

Yeah, most people think that trading is just a basic buy low and sell high. They don't know how difficult it is especially if you want to become a successful trader, you need to learn a lot of things.
About when to enter and when to exit, another difficulty is how we analyze it if we are using a chart, there are a lot of timeframes as you can see, so it will also make your mind confused too. That's why we need to be aware of a lot of things and never forget risk management.

Issa56

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Quote from: alik111 on May 03, 2022, 04:19:16 PM

Ofcourse trading isn't difficult as it was told but for a new trader it's much difficult to make a right decision when trading. Because to trade you have to know about chart, market direction, risk management and more.

Am not really in support that trading is easy, most people entering the crypto space thing trading is kind of easy thats why they end up losing money. To me trading is not really easy because its involve some technical analysis, crtpto trading is not just all about buying a coin when the price is low and selling when the price is high. You have to do your technical analysis to know if the price is low already and to know when to sell.

sana54210

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Quote from: justdimin on May 07, 2022, 04:04:07 AM

I would guess that most "newbies" do not know RIS and Bollinger band, if they do know it then I would deem them not a newbie.

I believe that newbie is not a term used for people who have been here for a short period of time, it should be a term used for people who do not know much about crypto. So for me a person who has been involved in crypto for a month but learned everything they need to know is not a newbie but someone who has been around for many years and yet never learned anything proper about it should be called a newbie. That is of course how I approach it, maybe I am wrong but at the end of the day there is nothing wrong with being new and learning new things and becoming better at it.

If you are a newbie and do not know them, then why would it be alright to start trading? I mean just focus on getting better at things and you should be fine, learn as much as you can before you start trading. Think about it, you have no idea about the two of the most important indicators, and you would imagine that you could make a profit in the crypto market?

I really doubt that, I believe that it would be quite impossible for someone to make money without knowing how to read these things. Of course they could get lucky in a very high bull market, like when bitcoin goes from 10k to 60k, it would be hard to make a loss, but you need that type of market for it.

Leebabe

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Being a trader in every market is difficult. It might not be as difficult as people say it is but I can say that it is complicated in its own way. One needs to have a good entry and exit point and that can't be done by using the candle sticks only. Risk management comes in, being able to control one's greed. Understanding how much to risk on a trade and how to properly balance a portfolio happen to be more important than entries and exits.

kamilah147

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Starting a trade and ending a trade is difficult in trading, because that's what everyone should learn about where to start trading and how to set the lowest price. in trading a trader must have the ability to analyze the market, starting a new trade requires energy in determining the support line, if the market for one week has found a support point then for me it is an opportunity to open a trade. because often the market appears changes up or down for 5 to 6 days.

Mpamaegbu

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Once a man, twice a child!

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, what else is trading if not those two difficult parts you rightly mentioned? Basically, that's what trading is all about. It's about buying and selling. Entering and exiting the market skillfully is what makes someone a profitable trader or a loser. Those two are germane and extremely important to surviving in trading.

To survive getting burnt, only take trades from higher time frames. Chances of making profit from higher time frames exist and are more realizable than those of lower time frames.

GeorgeJohn

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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.

Actually something can only be hard on someone if you don't have the knowledge of such, that is while it's reasonable to have or secure pre-knowledge of anything before enrolling into it.

The difficult aspect i find in trading especially when to enroll in the market and when to kick out of the market is the understanding or reading of the candle sticks per say. If a trader observe the radar of the candle and follow it's it, i don't think the trader will venture into lost, except their is a misconception of understanding the strip of the candle sticks..so wrong interpretation of the candle leads to wrong entering of the market and also cause lost.

cheezcarls

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No matter how skilled you are in doing technical analysis, reading candlesticks, etc., you don’t own or control the market. Predictions are predictions, but there are no guarantees or promises that they are going to be accurate. Even if you follow certain guys who are more on trading signals, there are no assurances that their predictions are correct whether to long or short the trade.

What I am saying is that only invest and trade an amount that you can afford to lose and do not go all-in!

palle11

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Quote from: Cryptmuster on May 07, 2022, 04:44:11 AM

Quote from: palle11 on May 05, 2022, 07:30:19 AM

Trading is not gambling, it is not easy just to bet on something. If you are finding entering time and exit time, that is part of trading so it is not easy to know exactly, not everyone know when they can enter or get out. Don't treat trading to be easy like gambling if you do that you keep losing big money. Have the knowledge of your indicators and that becomes your guide.

If a person is engaged in trading without the necessary knowledge, then this is gambling for him. Or when they use signals from dubious telegram channels, or any other sources. You need to clearly understand what you are doing, and have very good knowledge for this, only in this case you can count on positive results in trading. In all other cases, it will be a gambling game in which you will most likely lose money...

Obviously trading without indicators and charts that looks like gambling which is strictly a lucky game. Gambling is luck base but trading is highly knowledge based because you have to understand what makes the market to move from the price it is to another point and perhaps the times it will move and when to expect it to retrace. Trading involves alot of research , studying of the different countries economy especially the specific country pairs traded. Example the US government release some news that affects the $ either positive or negative monthly like employment rates. A trader that deals with the $ pair should understand when this news and the impact is.

darklus123

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Quote from: Oshosondy on May 03, 2022, 01:51:49 PM

Learn how to use trading indicators, it will help you. Start with relative strength index and bollinga band to know when market is overbought or oversold. Trade with small amount of money and see if you are better. Then you can further with simple moving avarage and exponential moving average. You can learn about fibonacci retracement and what they are meant for. You can learn all these indicators very well, this will help you in trading. Indicators can increase the chance of making profit, but you need to also have risk management and use the money you can afford to lose to trade.

Actually, OP can test these without spending a single penny in his/her pocket. Because we can actually do some technical analysis in tradingview and can easily confirm if we hit or break the target. Probably the best thing to start spending a little amount is when OP is already hitting the target of more than 50% of his/her trade.

@OP , learn to use stock charting first (like tradingview , etc.) then apply your TA (your experimental indicator's combination) there without spending money first Wink

South Park

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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.

That is where the difficulty lies, being able to accurately predict when an important increase in the price is coming and open a position and when a decrease is coming and close your position is where the majority of the difficulty of trading resides, apart from that, your emotional control and money management are two other aspects that are difficult to master, because even if you had the ability to predict the markets correctly a few big mistakes are all what is needed to become unprofitable.

BitTraderCute

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Quote from: Cryptmuster on May 07, 2022, 04:44:11 AM

Quote from: palle11 on May 05, 2022, 07:30:19 AM

Trading is not gambling, it is not easy just to bet on something. If you are finding entering time and exit time, that is part of trading so it is not easy to know exactly, not everyone know when they can enter or get out. Don't treat trading to be easy like gambling if you do that you keep losing big money. Have the knowledge of your indicators and that becomes your guide.

If a person is engaged in trading without the necessary knowledge, then this is gambling for him. Or when they use signals from dubious telegram channels, or any other sources. You need to clearly understand what you are doing, and have very good knowledge for this, only in this case you can count on positive results in trading. In all other cases, it will be a gambling game in which you will most likely lose money...

too many peopl joining in telegram groups which is the reputation not proven yet, tempted by profits ratio that shared make them trapped. without knowledge dont ever expect we could gain profit trading both of spot or futures. this market was good place to improve our knowledge or skills.

Cryptmuster

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Quote from: palle11 on May 05, 2022, 07:30:19 AM

Trading is not gambling, it is not easy just to bet on something. If you are finding entering time and exit time, that is part of trading so it is not easy to know exactly, not everyone know when they can enter or get out. Don't treat trading to be easy like gambling if you do that you keep losing big money. Have the knowledge of your indicators and that becomes your guide.

If a person is engaged in trading without the necessary knowledge, then this is gambling for him. Or when they use signals from dubious telegram channels, or any other sources. You need to clearly understand what you are doing, and have very good knowledge for this, only in this case you can count on positive results in trading. In all other cases, it will be a gambling game in which you will most likely lose money...

Oshosondy

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Quote from: justdimin on May 07, 2022, 04:04:07 AM

I would guess that most "newbies" do not know RIS and Bollinger band, if they do know it then I would deem them not a newbie.

Some people can know what is called crypto trading but do not have the knowledge as experience about it. Likewise some people can know about RSI and bollinga band, but they may not know how to use it, some people may just have heard about it before but never read or learn about what is it and not knowing how to use it.

Quote from: justdimin on May 07, 2022, 04:04:07 AM

I believe that newbie is not a term used for people who have been here for a short period of time, it should be a term used for people who do not know much about crypto. So for me a person who has been involved in crypto for a month but learned everything they need to know is not a newbie

A newbie is someone that is new to something. If this is about trading, a newbie is someone that is new to trading. In trading, what can a newbie know for just a month, he will still learn and learn and have more experience. Someone that has been in trading for years should have known better, especially how to manage risk and means to make profit either in short or middle term of trading, if it is otherwise, he would have quite trading.

justdimin

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Quote from: Oshosondy on May 05, 2022, 05:31:16 AM

Just taking look at the candlestick is just gambling, understanding the basic of trading candlestick just means you are a beginner, beginners can lose in trading like they are gambling.

You use demand and supply area? How are you determining the demand and supply area? This seems wrong to me but using the support and resistance level can be of help which is what you later meant.

I can suggest you to learn also more on overbought and oversold nmarket, you can start this with RSI and bollinga band.

I would guess that most "newbies" do not know RIS and Bollinger band, if they do know it then I would deem them not a newbie.

I believe that newbie is not a term used for people who have been here for a short period of time, it should be a term used for people who do not know much about crypto. So for me a person who has been involved in crypto for a month but learned everything they need to know is not a newbie but someone who has been around for many years and yet never learned anything proper about it should be called a newbie. That is of course how I approach it, maybe I am wrong but at the end of the day there is nothing wrong with being new and learning new things and becoming better at it.

Topic: The Signal to Start Trading and the Signal to Close Trading - page 4. (Read 717 times)