The article seems useful not just for newbies but also for those experienced traders. I totally agree that you have to choose which type of trading are you going trough but let me tell you that margin trading, forex trading are more risky and you need some established knowledge to further proceed.
As a trader, every tips is important. We all want to learn more and integrate in real scenario of trading. Just a few things to remember, emotions will gonna messed up trades set them aside. Set a target and stop loss. Usual tips but useful.
Topic: Trading Tips for Traders here - page 5. (Read 1184 times)
These tips are general and not related to cryptos, so it is dangerous to take them, especially in this highly volatile market.
Daily trading is dangerous for beginners, as there is a lot of manipulation, fake bumping, Scamming, wash trading,...etc
I hope that you modify it or allocate a part related to cryptos. Focus on dealing with these risks because many beginners like the rapid increases "more than 100% per day" which are often fake.
Daily trading is dangerous for beginners, as there is a lot of manipulation, fake bumping, Scamming, wash trading,...etc
I hope that you modify it or allocate a part related to cryptos. Focus on dealing with these risks because many beginners like the rapid increases "more than 100% per day" which are often fake.
Kind of have the same thought after reading the titles on the article.
It is the basics which might really be needed but you wont learn it unless done.
Greed for example but in there it is said as "never spend too much".
It is just the same for me. You are spending too much because you want more profit than what you are already spending.
So, this kind of emotions do really exist to those who already started it.
Just read all the tips given but don't give a full shit on it since sometimes they are not totally working since even for theirselves they don't apply those so best to learn from yourself and read some reliable trading books since I think this is the most helpful rather than reading the post here.
Those tips are helping but there will be no pattern that can we experts or remember in cryptocurrency trading because the market movement are so dynamic and impossible for any prediction can go 100% but luck. So i think the most important thing is the experience and how we control our loss
~snip~
So for traders, all I say is follow these tips https://www.latinpost.com/articles/142690/20191123/tips-for-the-perfect-day-trading-strategy.htm, as I said these are some things that I was missing heavily in early phase of my career, so I hope youngsters can learn from it.
I did not see if that is crypto trading did you try to share on us. That is a general trading but crypto trading and national currency trading has a big difference. I will not suggest to the newbie to enter the day trading, because that is very risky to them and might lose everything if they dont know it very well. I will appreciate if you have a tips for the basic trading like buying and selling point and know how to have perfect timing in trading.So for traders, all I say is follow these tips https://www.latinpost.com/articles/142690/20191123/tips-for-the-perfect-day-trading-strategy.htm, as I said these are some things that I was missing heavily in early phase of my career, so I hope youngsters can learn from it.
Just read all the tips given but don't give a full shit on it since sometimes they are not totally working since even for theirselves they don't apply those so best to learn from yourself and read some reliable trading books since I think this is the most helpful rather than reading the post here.
Be careful on the tips that the other giving to you, just trust yourself and everything will be fine. There are times that you can lose money if you will follow the tips of the other self proclaimed gurus. There are fake information all over the internet so be careful on the tips of the others. If you still following the tips of the others, make sure that it can help you and it will not get you down.
general tips are everywhere many of us read and get temporarily motivated but none of us correct or apply those in trading ,
general tips like :- dont put your emotions while trading , the problem is they wont tell how can we stop our emotions in trading , what steps we can take to avoid emotions, without knowing this reading 1000 times '' dont put your emotions while trading '' is useless
general tips like :- dont put your emotions while trading , the problem is they wont tell how can we stop our emotions in trading , what steps we can take to avoid emotions, without knowing this reading 1000 times '' dont put your emotions while trading '' is useless
As my mentor taught, there can only be two developments on the market. Or you make a profit, or a loss. The third option simply does not exist a priori. And also very good advice was such as to respond in time to a change in the cryptocurrency market, because only a growing market can and should be predicted in advance, and if the market falls, then this should never be done and therefore you should not risk your assets.
Moreover, taking into account the current state of the cryptocurrency market and if a trader in such conditions was able to make a successful transaction, then you do not need to follow the situation, because further actions may be wrong due to increased excitement and a sense of a successful life period. It is necessary, as always, to correctly analyze everything, and also to weigh the pros and cons.
Moreover, taking into account the current state of the cryptocurrency market and if a trader in such conditions was able to make a successful transaction, then you do not need to follow the situation, because further actions may be wrong due to increased excitement and a sense of a successful life period. It is necessary, as always, to correctly analyze everything, and also to weigh the pros and cons.
Quote
Never Spend too Much
You have to make sure you are regulating the money you are spending. It is very easy to overspend and make a loss if you aren't careful, and this is why you need to make sure you set yourself a budget before you begin. This is something you need to make sure you get right as soon as possible, and it can help you to get the best possible outcome.
You have to make sure you are regulating the money you are spending. It is very easy to overspend and make a loss if you aren't careful, and this is why you need to make sure you set yourself a budget before you begin. This is something you need to make sure you get right as soon as possible, and it can help you to get the best possible outcome.
Most important of all.
It ain't gambling anymore or if you do think it is then go on. Have a blast.
Budget should be enough of what you can spend only. Never even try to spend the savings money or the daily budget for food and bills.
I learned from experience already.
It became like gambling to me. Although I am not addicted to trading, I just really want my money back so bad.
It is not hard today to find information about trading because, by the innovation of technology, we have now an internet. By the use of search engines we can now type a word of trading techniques and trading tips, there is a lot of information will give to us. In trading, we must be knowledgeable because we don't want to risk all of our money and waste in just a single mistake of trading. Knowledge the best key to success in trading if we are always updated what is happening in the market and the environment in cryptocurrency, we will avoid loss of income. Next is choose the best coin suits for your trading, not all the coin is good for short term and long term trading, this is one common mistake of the other beginner trading, they are investing in bitcoin for a short term investment, but it is for long term investment. Lastly is always trust your trading and don't get feared about what is happening in the market. Some people are pulling out their investment because they saw the price of the coin is dropping.
Quote
Never Spend too Much
You have to make sure you are regulating the money you are spending. It is very easy to overspend and make a loss if you aren't careful, and this is why you need to make sure you set yourself a budget before you begin. This is something you need to make sure you get right as soon as possible, and it can help you to get the best possible outcome.
You have to make sure you are regulating the money you are spending. It is very easy to overspend and make a loss if you aren't careful, and this is why you need to make sure you set yourself a budget before you begin. This is something you need to make sure you get right as soon as possible, and it can help you to get the best possible outcome.
Most important of all.
It ain't gambling anymore or if you do think it is then go on. Have a blast.
Budget should be enough of what you can spend only. Never even try to spend the savings money or the daily budget for food and bills.
I learned from experience already.
It became like gambling to me. Although I am not addicted to trading, I just really want my money back so bad.
For starters. Try to study technical analysis. Download TradingView app in playstore or go directly to their website. They have a good tool for TA especially for newbie. There is also some ideas available there from pro traders that you can use as guide on your trading. MACD and RSI is the most basic and effective tool for newbie in trading.
Agreed, learn from experienced traders who share their TAs and prediction regarding bitcoin and other coins will be very helpful for beginners.
Learn the basics of TA and mathematics, statistic, then applied it to the trading strategy, note everything even mistakes to create a better strategy.
For day trading, I just use price action. It's pretty much reading the charts and looking at where prices are trending. If there is a valid trend channel I then prefer to enter on a second entry, ie two failures before continuing in the direction I think it will go. Pretty high probability setups if you can find these trends and read when they are over and are turning the other direction. the only indicator I use is a 21 bar EMA to find out when prices may flip the other direction. takes time to learn but no clutter or extra paraphernalia involved.
Let me give you some tips to post trading tips
1. Always make a direct post rather than posting a link to the article. You can attach the link as a reference though.
2. Many people post basic tips. If you want to contribute something then post something valuable.
3. Always mention the target audience. Eg: Crypto traders, Stock traders or Forex traders
1. Always make a direct post rather than posting a link to the article. You can attach the link as a reference though.
2. Many people post basic tips. If you want to contribute something then post something valuable.
3. Always mention the target audience. Eg: Crypto traders, Stock traders or Forex traders
I don't see any benefit from the articles, people already know and I believe how to read market is more important for beginner. You can go/ test your strategy after has analyze in which firection market will go and that's not easy, we should give them guide. Next time you should write post with important value for beginner, such as manage risk, money management and fix mindset.
I think your statement is a bit confusing.
You said that people already know how to read the market but then again you said that the direction of market is not easy and they needed a guide. Analyzing the market is so hard, especially these days that there are a lot of investors that can affect the price. As a beginner, better prepare yourselves since the market that you will be dealing with is not something that easy or simple.
So for traders, all I say is follow these tips https://www.latinpost.com/articles/142690/20191123/tips-for-the-perfect-day-trading-strategy.htm, as I said these are some things that I was missing heavily in early phase of my career, so I hope youngsters can learn from it.
everyone will have the same experience as you, where in the beginning is always disadvantaged, just like me so that now can adjust the market also analyze it, now about your tips it seems difficult for novice traders to benefit from daily trading if the trader only has small capital, every profit is only a few percent of each price increase, we know that for each Altcoin it only rises no more than 10%, I do not guarantee there is a definite profit in a market that is still quite stable today, copper member
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For starters. Try to study technical analysis. Download TradingView app in playstore or go directly to their website. They have a good tool for TA especially for newbie. There is also some ideas available there from pro traders that you can use as guide on your trading. MACD and RSI is the most basic and effective tool for newbie in trading.
I don't see any benefit from the articles, people already know and I believe how to read market is more important for beginner. You can go/ test your strategy after has analyze in which firection market will go and that's not easy, we should give them guide. Next time you should write post with important value for beginner, such as manage risk, money management and fix mindset.
These tips are general and not related to cryptos, so it is dangerous to take them, especially in this highly volatile market.
Daily trading is dangerous for beginners, as there is a lot of manipulation, fake bumping, Scamming, wash trading,...etc
I hope that you modify it or allocate a part related to cryptos. Focus on dealing with these risks because many beginners like the rapid increases "more than 100% per day" which are often fake.
This do really talk out about Forex trading yet it do mention about Metatrader.Those are indeed general ideals or rules on trading but same as you Daily trading is dangerous for beginners, as there is a lot of manipulation, fake bumping, Scamming, wash trading,...etc
I hope that you modify it or allocate a part related to cryptos. Focus on dealing with these risks because many beginners like the rapid increases "more than 100% per day" which are often fake.
said where volatility here on crpyto is totally different on what do forex makes so those arent really that precisely applicable.Daytrading is really
a hard one and cant be achieved by someone easily.It do only takes a little time to read up even the basics of crypto so that everyone would
at least have the idea on what are the differences.
To the OP, saw your post about trading tips and others, however, you have to tell members that all the links that you share are most applicable to forex market. So I don't understand why you promoting this supposedly tips as this mislead others specially newbies because those two are different markets to begin with. So obviously, your advise or at least what the article says might not be good for crypto traders, just saying.
By the way, the link contains very much general tips that is applicaple in all kind of market. I do believe the reason is to make attract wider people, not only forex but also stock and crypto audiences to push the traffic up.
it looks like you're talking about forex trading, what you need to know is that forex trading is not the same as crypto trading, I have long traded on forex, there are many things that cannot be applied in the crypto trade, maybe now crypto exchanges have started to adopt forex trading, but both still have many differences.
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