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Author Topic: Simple practices to improve trading.  (Read 8741 times)

Offline LUCKMCFLY

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Re: Simple practices to improve trading.
« Reply #105 on: June 17, 2024, 01:51:32 PM »

And this is why it would really be that important about differentiating on which kind of trading style that would really be fitting on you because not all traders would really be having that the same condition in terms of money,availability of time and their skills or knowledge. This is why we cant really be able to precisely tell on which things that would really be working on you.
So it would really be something that would really be situational on this kind of aspects. So we are the ones who would really be needing to find out on which one would really be
fitting out.

Well I recently saw some videos on YouTube, where they applied methods only for trading binary options or trading that is 1 minute, and wow there are many fundamentals where chartism trading and pattern trading really work and that is something that until now I realize that it works, but only at those intervals, of course in the long term other things are applied, other methods that are quite good, but I think that all types of trading have their way of analyzing them and in different ways, it is difficult because before deciding what type of trading to do we must determine how we can do it so as not to lose so much money in the attempt.
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Re: Simple practices to improve trading.
« Reply #105 on: June 17, 2024, 01:51:32 PM »

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Online SmartGold01

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Re: Simple practices to improve trading.
« Reply #106 on: June 17, 2024, 03:01:46 PM »
Well I recently saw some videos on YouTube, where they applied methods only for trading binary options or trading that is 1 minute, and wow there are many fundamentals where chartism trading and pattern trading really work and that is something that until now I realize that it works, but only at those intervals, of course in the long term other things are applied, other methods that are quite good, but I think that all types of trading have their way of analyzing them and in different ways, it is difficult because before deciding what type of trading to do we must determine how we can do it so as not to lose so much money in the attempt.
You are right because when trading one need to explore the best method to apply that could leads to effective trading or maybe to reduce much lose while reading. The reason most people lose while trading is also the cause of lack information especially in cryptocurrency trading, although generally trading required one to be sound and active to read more information concerning the currency they are trading on.

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Re: Simple practices to improve trading.
« Reply #106 on: June 17, 2024, 03:01:46 PM »

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Offline taufik123

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Re: Simple practices to improve trading.
« Reply #107 on: June 17, 2024, 05:57:06 PM »
-snip-
The reason most people lose while trading is also the cause of lack information especially in cryptocurrency trading, although generally trading required one to be sound and active to read more information concerning the currency they are trading on.
Reading the complete information includes doing research on the coins to be traded.
That is a mandatory condition before starting trading, because we need to know whether the coin is good or not.

Fundamental losses are indeed dominated by a lack of research or information,
but some are also due to their trading psychology and they also lack basic trading knowledge.

Trading with instinct will only be a waste of money and time, it will not always work

Offline Mr. Magkaisa

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Re: Simple practices to improve trading.
« Reply #108 on: June 18, 2024, 10:30:20 AM »
          -    When you become emotional in actual trading, it is for sure that you will lose very easily, because we need to know how to control our emotions correctly.
We should have self-control so that when there is a sudden drop in the price of the assets we have, we should not be immediately concerned.

Many people fall into this feeling of worry that causes them to sell assets even at a loss, something that is not the right way of a trader's strategy.

Online SmartGold01

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Re: Simple practices to improve trading.
« Reply #109 on: June 18, 2024, 10:42:41 AM »
-snip-
The reason most people lose while trading is also the cause of lack information especially in cryptocurrency trading, although generally trading required one to be sound and active to read more information concerning the currency they are trading on.
Reading the complete information includes doing research on the coins to be traded.
That is a mandatory condition before starting trading, because we need to know whether the coin is good or not.

Fundamental losses are indeed dominated by a lack of research or information,
but some are also due to their trading psychology and they also lack basic trading knowledge.

Trading with instinct will only be a waste of money and time, it will not always work
Does people trade with instinct or what?
Well I never heard this before where people trades with instincts and expect to make profits overtime, overly I see people making same mistake without proper information and doing their research before venturing into the coin to trade.
People should understand the basics of the coin and the team involved especially knowing about the community because most at times community also influences coin to trade.

Online pieppiep

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Re: Simple practices to improve trading.
« Reply #110 on: June 18, 2024, 06:37:29 PM »
-snip-
The reason most people lose while trading is also the cause of lack information especially in cryptocurrency trading, although generally trading required one to be sound and active to read more information concerning the currency they are trading on.
Reading the complete information includes doing research on the coins to be traded.
That is a mandatory condition before starting trading, because we need to know whether the coin is good or not.

Fundamental losses are indeed dominated by a lack of research or information,
but some are also due to their trading psychology and they also lack basic trading knowledge.

Trading with instinct will only be a waste of money and time, it will not always work
Does people trade with instinct or what?
Well I never heard this before where people trades with instincts and expect to make profits overtime, overly I see people making same mistake without proper information and doing their research before venturing into the coin to trade.
People should understand the basics of the coin and the team involved especially knowing about the community because most at times community also influences coin to trade.
Trading should not only use instinct, but we must combine several methods such as instinct, coin analysis methods and looking at market conditions which we can learn well. As long as we understand this concept, it will make it easier for us to make a profit in the trading we do. If we still don't understand the concepts I mentioned above, it will be difficult for traders to make a profit.

Offline milewilda

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Re: Simple practices to improve trading.
« Reply #111 on: June 18, 2024, 08:14:47 PM »
-snip-
The reason most people lose while trading is also the cause of lack information especially in cryptocurrency trading, although generally trading required one to be sound and active to read more information concerning the currency they are trading on.
Reading the complete information includes doing research on the coins to be traded.
That is a mandatory condition before starting trading, because we need to know whether the coin is good or not.

Fundamental losses are indeed dominated by a lack of research or information,
but some are also due to their trading psychology and they also lack basic trading knowledge.

Trading with instinct will only be a waste of money and time, it will not always work
Does people trade with instinct or what?
Well I never heard this before where people trades with instincts and expect to make profits overtime, overly I see people making same mistake without proper information and doing their research before venturing into the coin to trade.
People should understand the basics of the coin and the team involved especially knowing about the community because most at times community also influences coin to trade.
Trading should not only use instinct, but we must combine several methods such as instinct, coin analysis methods and looking at market conditions which we can learn well. As long as we understand this concept, it will make it easier for us to make a profit in the trading we do. If we still don't understand the concepts I mentioned above, it will be difficult for traders to make a profit.
You would be finding on yourself on what are the things that you would really be needing up on the moment that you do find yourself that dealing up with thise volatile space.
You cant really just that be able to sustain or survive this market if you would really be just be basing up with some intuition and some thoughts into your mind without
applying any analysis or applying any strategies on which we know that this would really be something relevant at the moment that you would really be gonna dealing
up with this unpredictable market. If you wont really be that careful then you would really be ending up on losing up tons of money.

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Re: Simple practices to improve trading.
« Reply #111 on: June 18, 2024, 08:14:47 PM »


Online SmartGold01

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Re: Simple practices to improve trading.
« Reply #112 on: June 19, 2024, 03:54:43 AM »
-snip-
The reason most people lose while trading is also the cause of lack information especially in cryptocurrency trading, although generally trading required one to be sound and active to read more information concerning the currency they are trading on.
Reading the complete information includes doing research on the coins to be traded.
That is a mandatory condition before starting trading, because we need to know whether the coin is good or not.

Fundamental losses are indeed dominated by a lack of research or information,
but some are also due to their trading psychology and they also lack basic trading knowledge.

Trading with instinct will only be a waste of money and time, it will not always work
Does people trade with instinct or what?
Well I never heard this before where people trades with instincts and expect to make profits overtime, overly I see people making same mistake without proper information and doing their research before venturing into the coin to trade.
People should understand the basics of the coin and the team involved especially knowing about the community because most at times community also influences coin to trade.
Trading should not only use instinct, but we must combine several methods such as instinct, coin analysis methods and looking at market conditions which we can learn well. As long as we understand this concept, it will make it easier for us to make a profit in the trading we do. If we still don't understand the concepts I mentioned above, it will be difficult for traders to make a profit.
You would be finding on yourself on what are the things that you would really be needing up on the moment that you do find yourself that dealing up with thise volatile space.
You cant really just that be able to sustain or survive this market if you would really be just be basing up with some intuition and some thoughts into your mind without
applying any analysis or applying any strategies on which we know that this would really be something relevant at the moment that you would really be gonna dealing
up with this unpredictable market. If you wont really be that careful then you would really be ending up on losing up tons of money.
I think there are other aspect people are not considering in trading why because some people are mentally emotionally affected while trading at this point its really could be very hard to achieve but if all this are being put away then such person can succeed in trading not a newbie, but already established trader for them to keep winning they must avoid being emotionally affected that is why most people trade with instinct and it doesn't help matter anymore because it increases the chances of losing very fast and quicker.

Offline ajiz138

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Re: Simple practices to improve trading.
« Reply #113 on: June 20, 2024, 02:45:05 PM »
Trading should not only use instinct, but we must combine several methods such as instinct, coin analysis methods and looking at market conditions which we can learn well. As long as we understand this concept, it will make it easier for us to make a profit in the trading we do. If we still don't understand the concepts I mentioned above, it will be difficult for traders to make a profit.
We have to rely on everything when trading, we cannot just rely on one aspect, such as instinct, for example, because in trading other factors also have an important role in determining our success in trading.

Well, we have to get used to things like this. Indeed, this is something easy because sometimes when we have to think a lot we will become bored. Therefore, we must have a high level of commitment when we are in the trading room.

Offline dekafee79

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Re: Simple practices to improve trading.
« Reply #114 on: June 22, 2024, 03:42:36 PM »
Trading should not only use instinct, but we must combine several methods such as instinct, coin analysis methods and looking at market conditions which we can learn well. As long as we understand this concept, it will make it easier for us to make a profit in the trading we do. If we still don't understand the concepts I mentioned above, it will be difficult for traders to make a profit.
We have to rely on everything when trading, we cannot just rely on one aspect, such as instinct, for example, because in trading other factors also have an important role in determining our success in trading.

Well, we have to get used to things like this. Indeed, this is something easy because sometimes when we have to think a lot we will become bored. Therefore, we must have a high level of commitment when we are in the trading room.
It's not easy to trade, so we can't just rely on instinct. We must have both fundamental and technical analysis skills. And this takes a long time to learn because experience in trading is very necessary, the market will also change at any time and there will be a correction.

Offline LUCKMCFLY

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Re: Simple practices to improve trading.
« Reply #115 on: June 24, 2024, 12:05:25 AM »
You are right because when trading one need to explore the best method to apply that could leads to effective trading or maybe to reduce much lose while reading. The reason most people lose while trading is also the cause of lack information especially in cryptocurrency trading, although generally trading required one to be sound and active to read more information concerning the currency they are trading on.

Well I am currently learning to do a much faster trading , binary options trading , futures trading, it is a trading that I like because I see that the patterns are fulfilled a lot and the chartist figures are fulfilled a lot, so in this order of ideas the Bears can be different from how I saw trading a few years ago, of course it was in the medium term and in the Long term, but now things are different in the Short term, 1 minute, there are many Configurations and many fundamentals that change, so it is a very new way of eeing trading.
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Online bayu7adi

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Re: Simple practices to improve trading.
« Reply #116 on: June 24, 2024, 11:53:05 PM »
Well I am currently learning to do a much faster trading , binary options trading , futures trading, it is a trading that I like because I see that the patterns are fulfilled a lot and the chartist figures are fulfilled a lot, so in this order of ideas the Bears can be different from how I saw trading a few years ago, of course it was in the medium term and in the Long term, but now things are different in the Short term, 1 minute, there are many Configurations and many fundamentals that change, so it is a very new way of eeing trading.
If what you mean by binary option trading is guessing up or down and the potential is fixed at 50% then that is not trading in the cryptocurrency world... because clearly it is gambling manipulation packaged in the form of trading because trading is famous for making a lot of money... ..

For futures trading, it can still be said to be a strategy, but remember that there is a slight difference in price movements between futures trading and spot trading, which means that centralized parties may intervene in price movements here, causing discrepancies in price movements, even though they are small. However, this small movement will of course make very different results, because leverage really changes everything.

Offline Captain Corporate

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Re: Simple practices to improve trading.
« Reply #117 on: June 25, 2024, 12:12:30 AM »
I still think consistency, I know a lot of people will say a lot of things, but consistency is the key no matter what it is. You can talk about studying, you can talk about indicators, you can talk about TA and FA, it doesn't matter if you talk about market caps or volume or patterns or candles. At the end of the day, whatever you do to make more, you need to realize that you need to keep doing it, and can't do that just for a short while, it doesn't work that way. You need to keep doing it for many times over, in order to become someone much better, and that way you are going to be making good profit.

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Re: Simple practices to improve trading.
« Reply #118 on: June 25, 2024, 04:44:30 AM »

- Whenever you loose in trading, always return back to find out the reason why you failed.
i've done this several times yet i am not that good in trading so i decided to Keep holding so im safer and just waiting .

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- Do not depend on signal groups.
Signal groups? are they really trustworthy? i doubt they are .
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- Practice emotional control.
in all manners even in gambling , emotion must not be used but mind only.
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- Do not focus on too many cryptocurrency pairs.
- Join a community of traders.
Can you share traders community ? i mean the legit one because all i found are nothing but sharing of  shitcoins.
Quote
These are a few, and I am sure there are more from other traders, please share to the benefit of us all.
thanks for sharing , its really helpful .

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Re: Simple practices to improve trading.
« Reply #119 on: July 03, 2024, 05:41:09 PM »
Well I am currently learning to do a much faster trading , binary options trading , futures trading, it is a trading that I like because I see that the patterns are fulfilled a lot and the chartist figures are fulfilled a lot, so in this order of ideas the Bears can be different from how I saw trading a few years ago, of course it was in the medium term and in the Long term, but now things are different in the Short term, 1 minute, there are many Configurations and many fundamentals that change, so it is a very new way of eeing trading.
If what you mean by binary option trading is guessing up or down and the potential is fixed at 50% then that is not trading in the cryptocurrency world... because clearly it is gambling manipulation packaged in the form of trading because trading is famous for making a lot of money... ..

For futures trading, it can still be said to be a strategy, but remember that there is a slight difference in price movements between futures trading and spot trading, which means that centralized parties may intervene in price movements here, causing discrepancies in price movements, even though they are small. However, this small movement will of course make very different results, because leverage really changes everything.

Yes, although from a trading point of view, when it comes to trading binary options, there is an advantage in that the volume is clearly consolidated, and although the courses I have read do not focus on volume but only on the way of seeing the chart, the pattern, everything that is about the form, I think it is still an advantage. In futures, it is known that the volume of crypto is not consolidated, it is very difficult to reach a consolidated volume, however, I have not done well yet, because I do not know if the same fundamentals are met, it has seemed really a bit complicated to me.
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MIX.NOW
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