When it comes to trading, I think you should start trading with a little money If you want to trade with a special system, you need to do a lot more then trade, I think trade should start with a little bit of capital first and it is very difficult to maintain capital here. You can make a lot of profit if you can maintain your capital very well. But if you talk about long-term trade you have to wait longer.
it is hard to find consistency in the market like this, you can't make it perfectly and maintain your profit gain every trade. It was good to start with a small amount but would not just stop there, if you want more profit then you also have to put money more. That is really a thing needed in trading, higher risk = more profit, small capital = small profit. But I suggest not thinking that every time because before you've earned that there might be countless losses you've experienced first. 
Topic: Trading skills - page 3. (Read 849 times)
Well, we all know how technical crypto trading is and how hard it has been for newbies traders. That made me want to know what are your best trading skills and techniques that can aid a newbie in trading?
For people who are newbies is best to go for a long term trading. And before you start reading you need to learn everything that has to do with trading. I also advise newbies to make use of stop loss whenever they are trading, that way they will be able to reduce the rate of risks that they’re taking. The reason why I think every newbie should start with long term trading, it’s because long term trading is easy and also they will be able to have the time to learn the charts and how it works. Then when they reach to an extent where they feel they are very good at it,they can decide to go for short term trading. 
I suggest for beginners to trade using simple basic techniques, but also use simple techniques. The technique is to buy low, set at the target price and sell. It's simple and can be done by all beginners. However, for beginners, you have to use a small capital as a place to practice so that if you are caught in a loss it is not too sad
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It's common for RSI to be used by traders to see if the price had reached levels to decide whether to buy and sell.
I am not fond of drawing support and resistance as I can see it on Fibonacci already and using Volume and Momentum Oscillator.
I once had an app that drew support and resistance lines from the Fibs but it was always repainting (that's rewriting the lines). I don't like lines moving once price moves or breaks them. So, I quickly uninstalled it. I like my lines stable and fixed.I'm not even using stoploss since I just buy and sell. Seem to have worked for me in accumulating ADA.
Trust me, you won't like the end result of not using Stop Loss (SL). You may have a few wins but a single loss can wipe off all your winnings. SL is very important in trading. I hope you don't learn the hard way. 
Well, we all know how technical crypto trading is and how hard it has been for newbies traders. That made me want to know what are your best trading skills and techniques that can aid a newbie in trading?
for beginners the best trading technique is to choose coins that are already popular and buy at low prices and sell when prices are high. it's actually a classic technique, but it's easiest for beginners to do with no experience in tradingApart from that, new comers must spend some time understanding what this market is and how its prices varies every minute. New comers jump with capital straight away and bear losses because of there lack of knowledge. Then they say crypto market is manipulated by whales or its very unstable market etc, while in reality there loss is because of there own mistakes.
That made me want to know what are your best trading skills and techniques that can aid a newbie in trading?
I try to make my trading plan as simple as I can get. There's no need complicating charts so as to make the platform beautiful and unnecessarily clogged up with colour indicators. Simplicity wins it for me any day, any time. Thus, I use leading indicators of line – trendlines, Support & Resistance, Pivot Points by payt attention to Price Action. I could watch RSI too (and that's the farer I can go, nothing more because it's a lagging indicator), occasionally I allow MAs too.Besides all that, always remember to place your stops because trading is a highly speculative business and no one can be too certain it can't go wrong. You can't be too sure that it will work out perfectly well as planned. Protect your losses by using Stop Loss.
It's common for RSI to be used by traders to see if the price had reached levels to decide whether to buy and sell. Every trader will develop their own trading style though. I am not fond of drawing support and resistance as I can see it on Fibonacci already and using Volume and Momentum Oscillator. I'm not even using stoploss since I just buy and sell. Seem to have worked for me in accumulating ADA.
More on buy and keep accumulating till you see the selling target that you setup,
traders who really into this business are conscious in using every available strategy that they think
will work according to their plans.
Each traders have their own understanding and yes sooner or later you'll find your own developed
strategy that will help you to succeed from this business.
it's a never stop learning process that will lead you to more better success rate with your trading practices.
I just check what new information with my coin want to trade, looking they have new road map about coin like have an upgrade to new network, looking for with new exchange market for listing and many thing I need before entry and buy some coin. Maybe is look simple than I have check chart and waiting about what good moment to buy.
That made me want to know what are your best trading skills and techniques that can aid a newbie in trading?
I try to make my trading plan as simple as I can get. There's no need complicating charts so as to make the platform beautiful and unnecessarily clogged up with colour indicators. Simplicity wins it for me any day, any time. Thus, I use leading indicators of line – trendlines, Support & Resistance, Pivot Points by payt attention to Price Action. I could watch RSI too (and that's the farer I can go, nothing more because it's a lagging indicator), occasionally I allow MAs too.Besides all that, always remember to place your stops because trading is a highly speculative business and no one can be too certain it can't go wrong. You can't be too sure that it will work out perfectly well as planned. Protect your losses by using Stop Loss.
It's common for RSI to be used by traders to see if the price had reached levels to decide whether to buy and sell. Every trader will develop their own trading style though. I am not fond of drawing support and resistance as I can see it on Fibonacci already and using Volume and Momentum Oscillator. I'm not even using stoploss since I just buy and sell. Seem to have worked for me in accumulating ADA.
Well, we all know how technical crypto trading is and how hard it has been for newbies traders. That made me want to know what are your best trading skills and techniques that can aid a newbie in trading?
for beginners the best trading technique is to choose coins that are already popular and buy at low prices and sell when prices are high. it's actually a classic technique, but it's easiest for beginners to do with no experience in trading 
I will recommend that a newbie familiarize himself with the concept of Cryptocurrency and bitcoin in particular so you can understand the fundermental reasons for Cryptocurrency and how you can be part of it!
Once you understand the driven force behind personal financial liberty, decentralisation, immutability, you can then trade this fundermentals as you learn technical analysis of Cryptocurrency trading!
Learning is the key to trading profitably!
Once you understand the driven force behind personal financial liberty, decentralisation, immutability, you can then trade this fundermentals as you learn technical analysis of Cryptocurrency trading!
Learning is the key to trading profitably!
That made me want to know what are your best trading skills and techniques that can aid a newbie in trading?
I try to make my trading plan as simple as I can get. There's no need complicating charts so as to make the platform beautiful and unnecessarily clogged up with colour indicators. Simplicity wins it for me any day, any time. Thus, I use leading indicators of line – trendlines, Support & Resistance, Pivot Points by payt attention to Price Action. I could watch RSI too (and that's the farer I can go, nothing more because it's a lagging indicator), occasionally I allow MAs too.Besides all that, always remember to place your stops because trading is a highly speculative business and no one can be too certain it can't go wrong. You can't be too sure that it will work out perfectly well as planned. Protect your losses by using Stop Loss.
Like what I was saying much earlier in this thread. People get into trading. They happen to enter during a bullrun (like 2017 or like from end of 2020). So everything in crypto rises. And traders, they get tricked into thinking that everything their touches turns to gold. They think their strategies work. They think they're smart and their research is solid.
Then they get in deeper, commit more capital. Instead of taking profits and protecting it they go in deeper.
Crypto winter comes. Tears and whining.
I have a friend who got a huge loan like that. He got in at the middle of the 2017 bull run, around September or October I believe, and everything was constantly going up during that period so he thought that if he got a loan, see bitcoin at 50k+ like we saw recently, and ethereum at 4-5k+ as well then he would not only pay his loan back but have the double left over as well. We all know how 2018 turned out and dude basically lost everything he had.Then they get in deeper, commit more capital. Instead of taking profits and protecting it they go in deeper.
Crypto winter comes. Tears and whining.
Thankfully he had enough assets to cover it, the worst was selling his car, but aside from that nothing else happened that was big.
This is why I honestly believe that people who get in during bull run should be able to do anything major until they see a bear run as well, first wait for bitcoin to drop more than 20% and then decide if you still want to do what you are doing, otherwise it would be biased opinion.
For me, the best option for improving performance was a demo account. This is the easiest way to learn how to work, as for me. I used a demo account of the broker that I work for - the Amarkets broker. I was quite pleased with the results.
I am not for that, it's better to risk some money you can afford to lose and to practice with that, the real thing! If you have some talents you can make a decent bankroll even from some low starting balance, if not then you will check if trading is for you or not!
Skill is something you get from learning and practicing! Of course, some people are better with numbers than others, but anyone can learn the basics and start from there! Will you sharpen your skills or not depends on many factors, but in the end, if you don't try you you can't know what can happen and if something suits you or not!
So with the demo you are not testing if you are good or not, you are actually testing if you suck or not, this way you will end up learning if you really suck and then why? If you could figure that out then you will work hard to make a profit off that and it will definitely be profitable for you. Not much I could say about the good part, if you are good then you just need to give it a chance.
I don't use any technique. I am not a reliable trader, but I believe I can make my own daily profit through trading. For me trading is not just reading market movements, but also needing information related to the subject. I mean fundamental is the reason why I should buy and sell it.
You have the same with me not any skill about trading but keep waiting and patience when bitcoin or altcoin really have dip price, every day I checked with some altcoin dip price and entry with two line, not all in with the same price when buying some altcoin, example I buy 50% my fund on 0.12$ and left my fund I buy under that or $0.1, always did the same when I sell my coin put with two kinds price and never use the same price for selling or buying. 
People looking for altcoins that could make them rich. Research and worry no more.
That is only available in the bull runs. If you are doing a bull run and making a profit then you will be fine. However if you do not know what you are doing and unsure if you will be in a bull run then you will end up with a lot of loss. I personally made a lot of money during bull runs and lost a lot of money during bear runs, all of that happened each time prices moved up and down, I tend to not sell so I didn't take much profit and didn't take much loss neither.However at the end of the day, we are in a situation where making a profit is something we should be more than comfortable with, it is not only depending on bull runs, it is a lot easier and everyone makes a profit when it is bull run, but on sideway days you could still make some profit too.
Like what I was saying much earlier in this thread. People get into trading. They happen to enter during a bullrun (like 2017 or like from end of 2020). So everything in crypto rises. And traders, they get tricked into thinking that everything their touches turns to gold. They think their strategies work. They think they're smart and their research is solid.
Then they get in deeper, commit more capital. Instead of taking profits and protecting it they go in deeper.
Crypto winter comes. Tears and whining.
Newbies can also be successful without experience because of market conditions. For example, almost anyone buying in Jan and selling in March would be making money on everything, not just BTC. Even when defi was just beginning, every stupid alt you bought would be up by a lot.
I would say those preparing extensively aren't just few among the noobs but among the experienced ones too. There are people who got lucky getting in at the right time thinking they own trading skillz.
Not a rare occurrence. You're confident because you believe what's coming. Nowadays it is quite easy to be comfortable with profits. Smart guys make their money regardless of market conditions. Basically a dump-and-pump initiative, so not considering quick returns. HODL you must, and you'll earn big money. People looking for altcoins that could make them rich. Research and worry no more.I would say those preparing extensively aren't just few among the noobs but among the experienced ones too. There are people who got lucky getting in at the right time thinking they own trading skillz.
However at the end of the day, we are in a situation where making a profit is something we should be more than comfortable with, it is not only depending on bull runs, it is a lot easier and everyone makes a profit when it is bull run, but on sideway days you could still make some profit too.
I don't use any technique. I am not a reliable trader, but I believe I can make my own daily profit through trading. For me trading is not just reading market movements, but also needing information related to the subject. I mean fundamental is the reason why I should buy and sell it.
You could develop your skills by practicing it daily in the Forex Market with small investments.
I disagree, this is not really an option, to begin with the capital needed is very different among the two markets, you can enter this market with something as low as 20 dollars but in order for you to do the same in the forex market you needs thousands of dollars, so this is not realistic, another problem has to do with the fact that the markets move very differently and this means that you are not going to learn as much as you think about how to trade this market if you trade Forex. 
For me, the best option for improving performance was a demo account. This is the easiest way to learn how to work, as for me. I used a demo account of the broker that I work for - the Amarkets broker. I was quite pleased with the results.
I am not for that, it's better to risk some money you can afford to lose and to practice with that, the real thing! If you have some talents you can make a decent bankroll even from some low starting balance, if not then you will check if trading is for you or not!
Skill is something you get from learning and practicing! Of course, some people are better with numbers than others, but anyone can learn the basics and start from there! Will you sharpen your skills or not depends on many factors, but in the end, if you don't try you you can't know what can happen and if something suits you or not!
I would say those preparing extensively aren't just few among the noobs but among the experienced ones too. There are people who got lucky getting in at the right time thinking they own trading skillz.
Not a rare occurrence. You're confident because you believe what's coming. Nowadays it is quite easy to be comfortable with profits. Smart guys make their money regardless of market conditions. Basically a dump-and-pump initiative, so not considering quick returns. HODL you must, and you'll earn big money. People looking for altcoins that could make them rich. Research and worry no more.[/quote]
Yes I get it, smart guys do that all the time, they don't need to be in a bull market but as I was saying, most people don't realize that. They think they trade for 6 months and make money every month when the price goes down or up, they have no idea what a -80% pullback multiyear winter looks like.
Everyone thinks they're the smart one but in reality the smart ones don't even have time posting in this section I think lol.
Like your words: hodl and you will earn, research and worry no more. It's so obvious you don't have a clue this is bad advice. So bad!
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