Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Annalise on December 06, 2018, 08:58:23 AM
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As a trader won't it be nice if you acquired the technical and financial analysis aspect and even the candle stick reading skill to be able to be independent instead of relying and paying for trading signal from trading signal groups.
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As a trader won't it be nice if you acquired the technical and financial analysis aspect and even the candle stick reading skill to be able to be independent instead of relying and paying for trading signal from trading signal groups.
Friend, to be a master in the act of trading, firstly, you must start from the basics and ask questions from those that has acquired lot of experience in trading. To be a successful trader requires other inputs from experience people and not only self.
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Thus technical analysis is always applicable any time despite of deeper market dump condition?
How to exactly read the signs when it dump or when it pump?
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As a trader won't it be nice if you acquired the technical and financial analysis aspect and even the candle stick reading skill to be able to be independent instead of relying and paying for trading signal from trading signal groups.
Every good trader has a own strategy .If you think some technical analysis helps you to earn much its your skill .So that i think doing research himself is better than paying for signal .Improve your skill by learning.
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As a trader won't it be nice if you acquired the technical and financial analysis aspect and even the candle stick reading skill to be able to be independent instead of relying and paying for trading signal from trading signal groups.
Well, those who goes ahead paying for trading signals in groups are those who hooks on the tail of the group. What if the group is no more, which means your pay is gone. A friend told me, that the best investment made is in yourself, then any other investment organizations can come in.
Read articles about trading, watch videos on trading tutorials and start practicing with the most little amount you can start with.
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As a trader won't it be nice if you acquired the technical and financial analysis aspect and even the candle stick reading skill to be able to be independent instead of relying and paying for trading signal from trading signal groups.
Trading skills is a talent or skill which no all person possess it. I think most people you pay for trading signals are those who do not have time to monitor the market and they just want to be notified on what coin to be bought.
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Any one who just jumped into the Cryptocurrency trading without prior understanding of how the market works plus the skills needed to navigate through trading will fail woefully in trading .
To be successful in trading, there are some skills needed to be acquired
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as a trader, indeed, advice or input from other people is indeed very important, we will not be able to trade, for example, from the beginning we have no one directing us and telling us that there is little way to trade, reading topics about trading in this forum is very important as a new trader, and we must also be able to learn to have our own strategies in trading we.
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Yes, correct. This should not even be ask anymore, this should be a common knowledge.
I do not call those people who rely on free or paid signal groups as traders.
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Yes, correct. This should not even be ask anymore, this should be a common knowledge.
I do not call those people who rely on free or paid signal groups as traders.
I agree with you, that is indeed what a trader must have. And for those who only follow the trading signal, I don't think they will ever experience the valuable experience of trading.
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Yes i am agree with you. Man who is technically sound in any field he will be gainer. So trading is also here. My friend is most advance from me because he can think more technically for market and he can gain more from me. So signal work if you don't technically sound.
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I have long traded Forex before expanding to cryptocurrencies too and I have to say that technical analysis is a very useful tool, but one always has to be mindful of the fundamentals because every time major fundamentals affect the market technical analysis goes out the window.
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Trading skills are needed for day trading and our motto should be to book profit and run but this virtue can be developed with a high maturity in the market which comes through experience.
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As a trader won't it be nice if you acquired the technical and financial analysis aspect and even the candle stick reading skill to be able to be independent instead of relying and paying for trading signal from trading signal groups.
I can't agree with you more if someone want to start investing he should not rely on others for the signals it is like in the mercy of others you should learn it by yourself instead,
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If you want to become a proffesional trader you should study! Start from basic books like "Japanese Candlestick" Steve Nison, "Market Wizards" Jack D. Schwager, "Way of the Turtle" Curtis Faith and many and many others. Also you should use all your new knowledge on practice, so trade as much as possible.
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It is very important for everyone to trade and gain experience. Self-analysis is not an easy task, but this skill is well rewarded.
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Trading isn't a easy jon its a very tough job so before trading you need to have patience and also have good knowledge about cryptocurrencies.
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Trading will make you think more to get profits, everything starts from the beginning and surely you will experience losses then you can learn from experience and some theories about the right trade for crypto investment that you have
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As a trader won't it be nice if you acquired the technical and financial analysis aspect and even the candle stick reading skill to be able to be independent instead of relying and paying for trading signal from trading signal groups.
As an individual trader which you want to be skills is important but it is not really the most important thing that you need to survive. It is the psychology that you need to take when you questionable about the way you treat the market.
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Skills are learned. With a bit of effort, traders can improve their analytical skill, research abilities, focus, control and record keeping. The investment of time and energy will pay off in better trades.
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As traders, we should understand the basic skills in trading. How to analyze, set stop lose, when to buy-sell, and other things related to trading must be known. It is very important to support our efforts to be successful. If we have no them, how we can be sucessful.
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Before taking the initiative to trade, you must know the cryptocurrency well, i.e. you must follow the updates regarding not only the currency but the market too.
Let's check the cryptocurrency trading techniques (https://seo spamnews/how-to-trade-cryptocurrencies-latest-cryptocurrency-trading-guide-2019-edition) to help you become a pro-crypto trader:
1. Choosing The Best Trading Platform Firstly, you need access to the marketplace from where you can buy cryptocurrencies. There are many exchange platforms from where you can choose, based on the cryptocurrency you want to buy. You can choose the best exchange based on different features like fees of the cryptocurrency offered by exchange, payment methods supported, check whether the exchange requires verification for trading and check the review of exchange before trading on any platform.
2. Choose The Coins You Want To Invest In If you are a beginner, you must start with one coin, which gives you confidence and scalability and idea on how to trade cryptocurrency. As I have stated earlier, you must follow the currency thoroughly before taking any decision.
At CoinSwitch exchange, one can get all the updated details of the coin in one page(Value, Market cap, circulating and total supply) including the five-year price prediction. Based on the analysis, you can take a better and improved decision.
3. Check The Price At Which Your Preferred Cryptocurrency Is Trading Never take the decision based on the cheap price, consider factors like market valuation, available coin supply, target market, and technology.
4. Choose The Best Rate Amongst The Best Exchanges I suggest to use Coinswitch exchange because it supports many leading exchanges and allows the user to choose the best rate amongst the exchanges.
5. Trade And Store In A Secure Wallet Once you trade cryptocurrency, it is important to store in a secure wallet. There are multiple ways to store cryptocurrencies like online or offline(paper wallet or hard wallet).
Follow all the above steps to become a pro-trader in crypto trading. Check here for more detailed steps involved in cryptocurrency trading -
https://seo spamnews/how-to-trade-cryptocurrencies-latest-cryptocurrency-trading-guide-2019-edition (https://seo spamnews/how-to-trade-cryptocurrencies-latest-cryptocurrency-trading-guide-2019-edition)
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I will not now list all that is necessary for trading.I will say only the most important thing-compliance with risk management and money management are important.It is also important to find the entry and exit points correctly.It should not be confused with "buy at the bottom and sell at the top."This is not the purpose of trading !
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I agree with your submission that traders should endeavor to get themselves acquainted with the intricacies and required trading skills to be able to successfully in their activities.
Those skills are very important and I think every crypto enthusiasts should get the training.
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Well. I tried 1 tool from Huobi Russia. Reteil. And it's quite great. When you give money to professional traders. And it's up to 50% of profit. Tried it for 1 month, and it's great!
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trading requires a very very serious learning and also based on each flight's hours
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Trading Skills are learned. With a bit of effort,you can become a better trader by learning improving on their analytical skill, research abilities, focus, control and record keeping. The investment of time and energy will pay off so as to become a better trader.
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I think for one to be successful in the cryptocurrency trading, one must have basic knowledge or understanding about how the market works .
One as well understand the dos and don't of the market to be able to make it.
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im not saying it is like "mandatory" but too be precise, it secures your survival rate on the trading world,
having to know, the one who calculates and analyze more wins, (although we all can say that luck is definitely a big factor)..
but id rather trust my skill rather than my luck
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It's really like that, the art of trading is to do research on each coin to be able to determine which coin has the potential to increase and which is not, but if the trader only relies on trading signals, I am sure that he will never realize if one day the signal gives wrong signal.