No one will help you.
Trade is the path of the loner.
But there is something in common for everyone:
- trading system;
- risk management;
- patience and a lot of time.
If you have time for independent work or for paying for training a guru, study. Create your own trading system and trade on paper. If successful, then in small volumes on real assets ...
If you do not follow this, then this will be a gamble with an unpredictable random outcome.
Topic: Trading advice needed - page 2. (Read 486 times)
Good advice is needed from you guys,i stop mining crypto because my mining rigs is obsolete now and bounties have promoted are not listed on exchange yet,the only thing left for me to turn to is trading,ive tried trading in the past and i did lose some money but now i want to find out how real trading works,any way to get started?Any advice might help,thanks
Can you move this thread to Trading Discussion you will find a lot of suggestion there and you can apply to be your strategy. Moreover if you have ever made to trade which mean it is not something new for you cause the strategy of trading are same even you are trade in another place such as forex. I've been trading on forex before I knew cryptocurrencies and when I found it and tried to trade the strategy was mostly same.
The first thing that you must do to started trades is let your losses gone, don't remember how much money you loss on the market. Second, don't be greedy to take the profit, even you know how good the market situation is.
Then, you can find your mentor or teacher to help you in trading. If you do it yours, it will be painfull. Because you don't know where the candle stick will go. And last advice from me is always manage your money when you will take position, calculate how much you will buying back, and always set your Cut Loss. I know how that feel when its touch Stop Loss price, but if don't it maybe can be more you will loss your money.
Then, you can find your mentor or teacher to help you in trading. If you do it yours, it will be painfull. Because you don't know where the candle stick will go. And last advice from me is always manage your money when you will take position, calculate how much you will buying back, and always set your Cut Loss. I know how that feel when its touch Stop Loss price, but if don't it maybe can be more you will loss your money.
Good advice is needed from you guys,i stop mining crypto because my mining rigs is obsolete now and bounties have promoted are not listed on exchange yet,the only thing left for me to turn to is trading,ive tried trading in the past and i did lose some money but now i want to find out how real trading works,any way to get started?Any advice might help,thanks
Well; you can do trading
But firstly; recall your past experience in trading and figure how why you made losses
Then, go for trading lessons, practice with small funds and get better daily
Good advice is needed from you guys,i stop mining crypto because my mining rigs is obsolete now and bounties have promoted are not listed on exchange yet,the only thing left for me to turn to is trading,ive tried trading in the past and i did lose some money but now i want to find out how real trading works,any way to get started?Any advice might help,thanks
From my experience during trading, buying when the market is down, not all of our capital is traded, take some of the shares and the rest to spare if there is a decrease again, it is to minimize losses hero member
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The best thing you need to do now is learning about analyzing the current market situations. You can find the lesson from googling on many websites, or you can search on here about how to analyze the market. But that will not help you if you are not practising of what you learn because you need to have more experience to make a profit. The basic lesson of trading will be buying low, sell high but in reality, and it is too difficult to determine where is the low price. But if you could analyze, then I am sure you will get a sign to buy at a low price.
You dont have to look for trading masters to teach you,im going to give you few trading basics
1. You have to wait for opportunities.
2. You need to figure out how to be tolerant, in light of the fact that persistence is the best way to win in the market.
3. You exchange against endless different exchanges, and the cash that you win is consistently another person's cash they are losing
1. You have to wait for opportunities.
2. You need to figure out how to be tolerant, in light of the fact that persistence is the best way to win in the market.
3. You exchange against endless different exchanges, and the cash that you win is consistently another person's cash they are losing
Do you still remember how you lose?
That is one greater way to change how you trade.
Base on my own experience, I did learn a lot from losing frequently. Afterwards, you try making safe trades until you make enough profit for you to risk a large amount.
Remember, you must almost take back your capital. Trade the profits only, that way you have much regret.
That is one greater way to change how you trade.
Base on my own experience, I did learn a lot from losing frequently. Afterwards, you try making safe trades until you make enough profit for you to risk a large amount.
Remember, you must almost take back your capital. Trade the profits only, that way you have much regret.
You can get mixed advice about trading. Instead of asking for advice, you can start yourself by reading the chart. As you start trading, experience will make you perfect. But start with a small investment. You should stay away from manipulation.
Join in forum or group with expert member in trading,they will also sharing good advice each other. But you need to learn by yourself with watching youtube,search about trading technical they will give you simple indicator for newbie. Dont forget keep hard working and keep learning,everything need process. Dont give up if you find something hard. Pro trader also suffering so many years. Control your emotion and dont be greedy.
You need to know about fundamental analysis and technical analysis to start trading. The fundamental analysis is based on future updates, news etc. The technical anaylis means about the charts. You can start lerning right now. The next thig is you have to choose a coin with decent volume for trade. If you invest in one or several coins, please keep in touch with those coins.
Like other crypto activity,before you start investing specially in trading, you need to have some research and study about trading. It is the most risky crypto activity. Always remember the natural way of merchandising that if you have an small or enough amount of income you need to sell it and you don't have to be greed because it may brings you to loss.
Good advice is needed from you guys,i stop mining crypto because my mining rigs is obsolete now and bounties have promoted are not listed on exchange yet,the only thing left for me to turn to is trading,ive tried trading in the past and i did lose some money but now i want to find out how real trading works,any way to get started?Any advice might help,thanks
My suggestion you can now start to learn the RSI chart and how to catch the signal to get in or get out. This is the main thing in the trade that can bring you to the profit dude. I suggest you try to explore how RSI works through this link
https://www.fidelity.com/learning-center/trading-investing/technical-analysis/technical-indicator-guide/RSI
or
https://www.investopedia.com/terms/r/rsi.asp
Basically, you can use another technique too.
Remember this you must learn the fundamental analysis too but as far as i know that to the easy point for you to trade just like just get in the market when the chart was getting a big bearish trend.
legendary
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Since you already involved in trading so you have a basic knowledge about trading. So I should not repeat it again. Now I want to say in my experience that you should start trade after learning all things like how to chart works, need to know about all the indicator, how the trend works. And you need to read some high ranked news channel where you can find all true/valuable news about cryptocurrency. Keep in mind that news plays a vital role to dump and pump any coin. Good luck. Thank you.
the best advice i can give you is to stop asking for advice when it comes to trading cryptocurrencies. you won't get any good advice specially if someone is giving you the names of the coins you should buy.
instead, try trading on your own. analyze the market by watching the charts, if you don't know how to then start reading some articles about technical analysis and then follow the charts to learn fundamentals.
instead, try trading on your own. analyze the market by watching the charts, if you don't know how to then start reading some articles about technical analysis and then follow the charts to learn fundamentals.
You can activate yourself in the market to find out the price of coins. Trading in top coins is very good for you to do. You can quickly reverse your money if the coins are above. Another suggestion I can say is don't be shy to ask questions or discuss with more experienced people.
There is different between fake trading platform and a real time trading,i honestly still cant find any good crypto trading platform yet with zero manipulations, even forex trading platforms are facing the same manipulations as i heard from friends,i stopped trading because i still cant figure it out but i belief the best time to trade is when bullrun is kicking in,more profits lower loss
Olymptrade is no a real trading of coarse,no matter how smart you are you will always lose using olymptrade trading platform,if olymptrade is how you started your trading career you picked the wrong tool,you can use etoro or iqoption instead and try to learn more about trading,you can head to youtube for more real trading ideas
Good advice is needed from you guys,i stop mining crypto because my mining rigs is obsolete now and bounties have promoted are not listed on exchange yet,the only thing left for me to turn to is trading,ive tried trading in the past and i did lose some money but now i want to find out how real trading works,any way to get started?Any advice might help,thanks
First you need to understand how trading works,simply buying and selling will make you in losses.The simple and only rule of trading is buy low and sell high,so you have to buy when the prices are low and can sell it after the prices increase.
But it might happen in days or in months so you need to wait or can try day trading which is more risky compared to longer format.
You can trade with just one indicator for starters, it made me some money as a long term trader. Not a lot of money but this can be worked out as you have time to learn more. Youtube tutorials are actually making it easy for those who wants to learn, seen some of it where it teaches how to use the fibonacci so you can day trade.
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