Learn how to trade Bitcoin and other Crypto.

in #trading6 years ago

Trading isn't that easy, But at the same time, it isn't that hard if you know what you are doing.

In my experience, The trader has to be calm and not to take an uneducated guess or a chance, At the same time no to take huge risks, It's true when we say huge risks means huge rewards, You have to think about that one huge risk would take you of the board if you lost that trade, And you may get a little afraid of trying again, on the other hand, if you won, you will have the confidence to do it again, And trust me, you got lucky once, Doesn't mean it will happen again, And then again we are back to the first point, Where you are going to get afraid again of getting into any trade, no matter how small it is, But you should start teaching your self and learning the patterns of the charts, Signals, and indicators, Learning technical analysis and charting on deferent time periods, 30 min, 1h, 2h and so on. And make sure to use a stop loss, or at least in crypto, and bitcoin to be specific to use a 1 - 5 % margin and keep your stop loss as far away as possible, as bitcoin is very volatile, and it has a very high probability to get your target. But i always advise to use a trolling stop to get the maximum profit.

Some places to start learning, which i personally use and read from.

https://cryptopotato.com/bitcoin-crypto-advanced-technical-analysis/

https://www.altcointrading.net/strategy/wyckoff-ranging-markets

https://www.forexmentoronline.com/introduction-into-orderflow-trading/

http://www.volumespreadanalysis.com/index.asp

http://thepatternsite.com/

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