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Crypto-trading

What Do You Need for Successful Trading?There are buyers (bulls) and sellers (bears) in any market and their goal is to make profit. It is obvious. The difference between them is in a direction of trading. Buyers are interested in upward and sellers in downward movements. If buyers are stronger than sellers, the price moves upward. If sellers are stronger than buyers, the price moves downward. It is simple. So, for you as a trader, if you want to make money in the financial market, it is very important to join the right side in the right moment. If buyers are strong, you have to buy and join the bullish team. If sellers push the price downward, you should open short trades. Of course, different types of trading may require some different tactics, but the main idea is the same, you have to be on the right side! And here we face with a question? How to pick the right side? What do we need to use in order to understand that buyers are stronger than sellers right now? Which tools may tell us that the market is going to move upward but not downward and vice verse? For this, we have to understand what is going on in the market and plan possible trades considering the most important information which any market can give us in any period of time. If you think that for profitable trading you just need trading signals, when to open a position and when to close it, you are wrong! The exact entry and exit points, as well as direction for trading, they have to be the result of pre-trading activity such as research and planning. So, what do you need to know about the market BEFORE!!! opening a trade? You must know: 1. Market conditions! It is the basis! Without understanding the market conditions it makes no sense even to dream about profitable trading. You have to understand the market conditions in order to pick the right strategy which matches them. If you trade using trend following strategies in the range market conditions, you will fail. The same goes for range trading approach in the trend market. You have to understand the market conditions AND the sentiment. Which you can see right now just in order to follow it as well. Market conditions tell you in which direction to trade and which trading strategy to use! It is very important. 2. Valuable areas, and here we talk about support and resistance levels, Moving Averages, trend and counter trend lines. The thing is, the most important actions in the market are around such levels. Buyers build long positions around support levels. Sellers go short from resistance. There is action around the valuable ares and we have to use this action for our trading. If we open long trades at support following reversal setups, it means we join buyers and we may expect an upward moment if they are strong enough. We plan short trades at resistance expecting that sellers will be able to reverse and push the price downward. The same principles can be applied with trend and counter trend line. Trading at valuable levels and lines we can get good entry points and place stop orders not far from them. If so, we may expect trades with good risk-reward ratio and it means a lot for the proper risk and money management. So, valuable areas give us a lot. 3. As soon as we got understanding about the market conditions, valuable areas, we can plan our trades considering all this information and combine them with exact trading setups and patterns we use in our trading. The price action around valuable areas and the exact market conditions will be able to show us in which direction it makes sense to trade, which trading strategies to use for buying or shorting and where to place exit orders such as stop and take-profit. And here you can use absolutely different trading styles and strategies, time frames which will give you different options how to get benefits from the market movements. So, the main idea of this post is the following: For successful trading you must know in which direction to trade and where to open and close your positions. For this, you must understand what is going on in the market, what are the market conditions, where are valuable areas, and which trades you can get depending on the exact price action and trading signals. That’s why I offered you a new format where I share with you Market Conditions based on the daily tf, Valuable Areas and offer possible Trade Opportunities . I hope this post give you better understanding what should you do in order to become a successful trader. I will be grateful if you support this post by smashing the LIKE button and sharing it with other novice traders. Thank you!
COINBASE:BTCUSDEducation
by DLavrov
21
How to choose the best style of trading?First one style - Scalping Scalping between 1 second to 3-10 min is literally “scalping” every price movement. We opened a deal, get a profit and closed trade. Its a risky and nervous way of trading. Meanwhile, scalping remains potentially the most profitable type of trading. Hardcore scalpers love to fight the market, Their strategy consists in a large number of small trades. The main goal is to close with a positive result. Scalping is interesting for new traders because + quickly gain experience; intensively study the mechanics of the market and graphic patterns; train the psychology of a trader. you do not need a large initial deposit, for scalping multiple turnover of working capital gives the potential to increase the deposit; many trading signals during the day, even on the same trading pair - Sitting in front of monitors for hours, focusing on the course of trading in order to catch that very good moment to enter a deal is not an easy A lot of stress. If you trade with leverages to pump your deposit you can lose all deposit if you trade without stop loss Day trading or intraday 1 hour - 1 day Its simple - After trading day, all transactions should be closed. No matter what happen on a market, cuz crypto trade 24 hours you open position at 7 and closed all positions by end of your trading day. + • Less risk and emotional stress, trading several hours a day; • Greater leverage or margin; • You can not bother much with fundamental analysis; • Don't worry about bad news that comes out between trades. It is recommended for all beginners to start in day trading. You need to learn to control emotions, learn to see market movements, changes in the trend, the mood of the players, correctly place orders and limits. Swing trading (aka medium-term, from 1 week to a month). You can hold your position for a days,weeks, months; Ideally, while the trend continues. Anyone with ideas and investment capital can try swing trading. Because of the longer time frame (1 hour, 4 hours, 1 day), the swing trader doesn't need to be at their monitor all day. Holding an open position for days or weeks can result in higher returns than trading the same security multiple times a day. Less stress There is time for doing other things, keeping the nerves and energy in a healthy state. Swing trading can be done through a simple computer or smartphone. - But Because swing traders hold their positions longer than intraday traders, they also run the risk of higher losses. Especially the risk of losses increases by holding the position every other day. Swing traders rarely enter at the best prices. Checking the chart 1-2 times a day, they are content with what the market will offer at the time of opening a position. Increased waiting time for a signal to enter a position, you can wait for the setup day after day. Medium term trading. This method is for those traders who catch long swings. "Medium-term" holds positions for many weeks and months. Medium-term traders hold positions from several months to several years. + Less stress, Lots of free time. For example someone can trade during all week, but medium trader can buy Bitcoin now for example at 20k and sell it at 50K after few month. Its more about fundamental analysis; Holding a position for several months is not suitable for traders who are used to being active. Long term investment. This type of trading on the principle of "buy and hold" BENEFITS OF LONG-TERM INVESTING Less stress: no need to constantly monitor the market. Time Savings: Less hassle: You don't have to learn different trading strategies or platforms as you won't be an active intraday trader. Long-term trading, as the name suggests, requires you to have free capital. And it should be free for many years to come. You must be prepared that a certain part of your capital will be locked and you cannot use it to benefit from short-term speculation. Deep knowledge. Long term trading requires an advanced understanding of the assets you are investing in. You cannot simply make decisions based on certain news, tips, or rumors. It is also not enough to rely only on charts or indicator signals to buy or sell. You need to be a specialist in fundamental analysis. - Age limits. You must have a life horizon in order to reap the benefits of the investment. If you are 60 years old, then it is too late to start a career as an investor for obvious reasons. Guys thank you for reading. Write in a comments what style crypto trading do you use mostly? And why. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
Education
by Crypto4light
$PDN Paladin Energy PDN Formed a nice macro Bull Flag that broke out and trapped a lot of traders as it turned out to be a fakeout. These Breakout traders have since puked their positions on the fake breakout. PDN then broke support and ranged under the OCT 2004 ATH. This looked like PDN was breaking down and about to go lower.. Exactly whaty a big Hedge fund would want you to think if they were building a position. they are hunting for liquitity imo. Im bullish here for the following reason. 1.Reclaim of 2004 ATH acting as resistance. 2.Stoch in an area that tends to have a high probability for long setup 3.Small but Bullish Divergence on MACD. A nice clean break and hold above 720 may start the next leg up on this stock
ASX:PDNLong
by gillman_hugh
ETH Resistance & Support (2 weeks+)As ETH starts to look like the market indicator (up over 30% against BTC since the bottom), this is a brief outlook on future resistance and support. Above the lower lines of support, the bottom of the daily EMA ribbon (1340) could be another strong area of support On the other side, horizontal resistance can be seen on the 4hr Beyond that the weekly EMA ribbon will cover a wide range of resistance between 1900 and 2400 The 20 and 50 week MA fall in that same range Also worth noting the bearish cross of the 20 & 50 week MA, and bearish flip of weekly EMA
by highleverage47
SOL/USD Secondary trend. Channel. Reversal zone.Solana Super Hype. Secondary trend. Timeframe 3 days. Logarithmic chart. The coin of the famous “hedge fund” Alameda-research. Despite the useful application and development of various applications on this blockchain, the asset (the coin) itself is in fantastic profits. Be careful when trading and follow risk management. This is the backbone of profits. Coin Market: Solana. Line Chart. The trend reversal zone on a large scale. The timeframe is 1 day. How the price will behave in this zone is decided all on this Andromeda project. Observe the risk management in your work. The main trend SOL/USD Main trend. Cycles.
BINANCE:SOLUSD
by SpartaBTC
22