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Begginners

10 TIPS TO BECOME A PROFITABLE TRADERThe tips that I am about to give you can completely change your results as a trader and it can help you to start becoming a PROFITABLE TRADER or if you already is a profitable trader it can help you to increase your "win rate". 1 - Never blindly trust in the Moving Averages or any other indicator that you have set in your chart, it only takes a big spike on Bitcoin's price, or a lack of attention of your part to a bigger trend for you to be stoped in your trade. 2 - Always check your Moving Averages and other indicators in different time frames (1H, 4H, 1D, 1W), different time frames tell different stories. 3 - Identify the trend (Up, Down, Consolidation). Always look for the bigger picture. 4 - When all the MA in different time frames are giving you the same direction it's a positive sign for you to trade in the direction of that trend (but that's not the only way to use it and you need to take other indicators in consideration). 5 - DON'T EVER get in a trade just because the price went up or down 10% - 100%, first see the bigger picture (1M, 1W, 1D, 4H), then check your other indicators. Not doing it will make you lose a lot of money (constantly). 6 - Don't "FOMO" is your trades, that will make you lose a lot of money, patience is one of the most important attributes to become a profitable trader. 7 - ALWAYS check the Bitcoin chart before getting in a trade, if Bitcoin is close to a strong support and end up not holding on it and the price goes down it's very likely that other pairs of coins will go down as well. 8 - Don't get in trades that you are not sure about it, it's not worth it, sometimes you maybe right, but in the long term you will not be a profitable trader. 9 - You need to know the "Why" you are getting in that trade, and the "When" (exact moment that you will get in or out of the trade). 10 - You don't need to get into every single trade opportunity that you see, it's better to trade less with more quality trades than to trade a lot but making poor trading decisions. The tips above are simple to understand and to apply and for some can sound really easy and common but unfortunately a lot of Traders are not practicing it or are not aware of it and not following this simple tips can lead you to failure really fast. You will not necessarily become a profitable trader just by following this tips, but learnings and applying this tips is the beginning to a glorious path! I'm using ADA/USDT as an example, the intent is not to predict if the price will go up or not, if the price goes 100% up or down tomorrow it doesn't make any difference. The purpose of the post is to open your eyes to see the big picture of things, to see that sometimes some indicators if not used correctly are not very helpful to our trades, to identify a trend despite the spikes of price, to understand that there are several thinks to be taken in consideration before getting in a trade, is for you to understand that patience is a key aspect to our success. My desire is that you understand that you need to be meticulous in all your analysis, trade less, win more.
Education
by ClubCryptoTraders
1
[Trade Review]How I traded $PLTR, + TALKS ON EUPHORIA/ LOSSES In this video I will reviewing trades I took on 6/15/2021 which were $PLTR taking a small loss practicing my risk management not a problem since im confident i will make it all back. Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emas, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always! Make sure to leave a comment for feedback about cutting back on the trading review videos let me know guys! Will be making videos on trading phycology due to the euphoria in the market so look out!
NASDAQ:TLRYEducation
by Raulf-m
4
BEAM Indicator From ScratchHi, traders! BTC today makes many people nervous, especially freshmen. That's why we decided to tell you about one of the easiest to use indicators - BEAM. BEAM helps identifying times when buying and selling Bitcoin are the most probable to be profitable. It’s extremely easy to interpret and understand its signals. In general, BEAM divides the price of Bitcoin at any given moment to a moving average of past prices. This makes price trends more clearly visible. The BEAM parameters are easy to tune. You can adjust the cycle length, the asset divisor as well as buy and sell thresholds. There are three types of zones. A green buy zone indicates that it would be wise to buy. A red sell zone makes clear that selling might be a good idea. A gray hold zone signals that it is advisable to keep on holding even if the price already seems rather high. BEAM works with other crypto currencies that are at least 3-4 years old, because they are highly correlated with Bitcoin itself and follow Bitcoin’s cycle. The BEAM indicator is not meant to be used to make buy or sell decisions on its own. It should be used as one tool among many in a big arsenal of indicators and other types of signals. BEAM has no absolute predicting power. There is no 100% guarantee that it will still work in future. Indicators and models can only be constructed retroactive. As the future is not fixed, they always fail to work after some time. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
Education
by Skyrexio
Gut Felling in trading. How long it takes to " feel" the market?I hear many traders talking about gut feeling, especially when referring to very good traders. I hear them saying that you will, at some point, feel what the market will do next. Many explain it as a sixth sense or cannot it explain it at all. I say to them the explanation behind is a much simpler one. Gut feeling in trading, most of the cases, is nothing else but subconscious pattern recognition. There is nothing magic here, it is simply related to how the human brain works in day to day life. The trader looks at his screen for thousands of hours. Every day, he tries to analyze the price movements, while the brain stores the information in an abstract way into neural maps. Millions of neurons fire and wire together and create complex memory banks which include associated emotional responses. Day after day after day, these memory banks are reinforced and restructured until the neural maps are hardwired. This process is all subconscious. The part which is even more interesting is the way the human brain retrieves the needed information stored in those complex neural maps. This mechanism is also done subconsciously and this is why many label it as “gut feeling”. So, when a trader instantaneously “feels”, in an apparently strange way, what he should do when he sees a particular market event, his brain has subconsciously identified a store pattern. You may ask yourself: So what? What difference does it make knowing this? I say it makes. When you understand how your brain works you should also realize that you have at your disposal an extraordinary working instrument, but this will not guarantee your success by itself. Those neural maps need quality data. Programmers are accounted with the saying “garbage in garbage out”. It’s the same with the human brain. If you don’t put the true intellectual effort in your day to day market observations, if you don’t approach what you see from multiple angles, if you don’t analyze your own emotional reactions, then your neural maps will be built on superficial data. You will only reinforce all sorts of ineffective pattern recognition processes, no matter how long you stare at the screens. By contrast, if you do it right, your “gut feeling” will evolve and become very valuable. Evolving as a trader is not only a function of how much time you spend trying. What really matters is what you are really doing and how you are doing it. This explains why so many traders cannot become profitable even after years of trying. They are caught in inefficient and superficial ways of looking at the market. So many retail traders rely exclusively on technical patterns. They don’t understand what really moves the markets and how those patterns are formed. They spend years and years switching from a technical indicator to another, without realizing they are unconsciously accumulating only superficial data. Some realize the trap … most don’t
OANDA:XAUUSDEducation
by Mihai_Iacob
7
$3400 SPX Coming in HOT!TVC:SPX Technical Analysis: By using a Tend-Based Fibonacci Extension, it becomes apparent that the .618 golden ratio is aligned at the S&P 500's all time high of $3400. The index has traveled upward via an impulse wave since 23 March 2020, and that was followed by a correction wave, which exemplify the Elliott Wave Principle and combined with the key levels $2950, $3250, and $3400 confirm that a new impulse wave is beginning. Finally, the RSI indicates that SPX is oversold. What do you think? Please comment and let me know if you are analyzing this underlying asset also or have questions about the indicators. Thanks!
SP:SPXLong
by ThrivingProject
2
The correct way to start tradingWhatever you do start, you must start in an appropriate way: the start can affect both success and failure. The world of financial markets can be confusing to understand, especially for a beginner. And that’s why trading education is an important first step before entering the trading industry. That is why LabRich is here now to provide everyone with the essential skills to begin trading in the industry of the market today. As a trader, it will be best to invest in learning and educating oneself before entering the market. The best advice is to test every new strategy in advance to know your weaknesses beforehand. And always remember that knowledge is power: more you know as a trader, the more successful you are. The attitude towards a trading education syllabus can be different, but when beginners hire a mentor or seek for information on the web, the focus is on what they WANT to know rather on what they NEED to. Instead of that method, LabRich is focused on the following: 1. Basics, History, and Fundamentals – this is the key to understand trading. Discovering the historical events which shaped the world into a better understanding of trading, and what drives volatility. Before moving to the future every beginner trader must acknowledge past – it is always better to learn on others' mistakes; 2. Risk Management - an adequately managed capital and client portfolio can prevent putting the trader in the downside and helps maximize potential profit. Managing risks and diversifying a portfolio is vital for every business, not only for traders; 3. Technical Analysis – is key to successful daily trade. The trader must become proficient at analyzing charts and economic statistics to further polish portfolio management; 4. Strategy – macro and microeconomic events shape and create an impact on the financial market every day, and each trader needs to learn them. Economic specialists at LabRich can provide traders with a greater understanding in the world of global business news; 5. Longer-Term Views and Leverage – risk management is one of the most important things to learn over a longer time frame. Traders need to develop ideas across the time curve to diminish hedging strategies. For example, studying its introduction, uses, options, and derivatives; 6. Values – are last but not the least. More ever: values are the most essential thing to learn. LabRich will show you the core values and requirements enabling you to become a successful trader, such as patience, attention to details, time management, focus, and more. Along with beginner courses, LabRich has intermediate and expert traders' courses, because in trading there is always room for development and constant learning.
NASDAQ:AAPLEducation
by labrich
usd peso long if we dont break previous lows Good morning everyone So looking at this market I have shown why I choose to enter this market, showed you were my stop loss is and using supply and demand and pitchfork with a couple projection tools this is my analysis of the peso so far. if the buyers hold the market here you can see a tp blowing up with a 1 to 9 risk to reward. If we go south and blow through this previous level then I will have to reanalysis where this correction will finish before reentering long . Kris www.mymentortv.com Facebook: mymentortv Instagram: mymentortv comments or questions always welcome
Long
by mymentortv