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Howtobesuccessful

Crypto Earning Strategies for different depositsToday, let's dive into various crypto earning strategies for different deposit sizes. What can you do if your deposit is less than a thousand dollars? Or what options are available for earning with larger capital? First and foremost, don’t try to grab everything at once! There are countless ways to earn, but focus and knowledge are paramount! Time is also a constraint; we can't do it all! Choose a few directions or assemble a team. Level 1: Deposit Amount Up to $1,000 At this level, you need to boost your capital to $5,000-10,000 as quickly as possible. Don't rely on long-term profits—aim to earn within 2-3 months. Active engagement can quickly deplete free capital: testnets, nodes, staking, lending protocols, etc. Long-term activities may yield profits only in 9-12 months. Therefore, if your deposit is under $1,000, focus on these activities: Testnets: Some blockchains offer tester collaboration opportunities before launch. Projects get feedback, and testnet users receive potential rewards. Ambassador Programs: Help projects grow (design, edit, write articles, create memes) and earn rewards. Airdrops: Be active during a project’s development stage. Depending on the product (web application, blockchain, exchange), activities may include executing transactions, adding tokens to liquidity pools, minting NFTs, etc. Testnets and ambassador programs are more suited for Tier-1 projects. For airdrops, focus on Tier-2 and Tier-3 projects. LayerZero and zkSync cases validate this approach. Users focusing on these projects haven't yet received their drops and might have missed other profitable activities (like StarkNet, Wormhole, and Aevo) due to blocked liquidity. Level 2: Deposit Amount from $1,000 to $10,000 If Level 1 requires scalability, Level 2 calls for diversification. Users with this financial capability can engage in a wider range of activities, allocating capital to both medium- and high-capitalization projects. For deposits from $1,000 to $10,000, focus on: Medium-Term Investments: Buy BTC, ETH, niche tokens, or memecoins. Use platforms for crypto market analysis, on-chain analysis, and other tools. Tokens: Despite lower ICO profitability compared to 2017, investing in early-stage projects can still be profitable. Nodes: Earn rewards for participating in blockchain activities. For instance, Celestia node owners earned about 4,500 TIA ($45,000 as of April 2024). Be active in Tier-1 projects to receive airdrops. A larger deposit allows you to overcome "stagnation" without missing new earning opportunities. Level 3: Deposit Amount from $10,000 to $100,000 At Level 3, focus on expansion. Don’t try to invent complex earning methods. Users with deposits between $10,000 and $100,000 should perform the same activities but on a larger scale. Previously, you might have set up a node, performed retroactivities, and participated in ICOs for one project. Now, do the same for 10-20 projects. Focus on other operational tasks: Risk Management: Take less risk for unlikely events, and more for highly likely events. Activity Management: Allocate resources effectively, considering trends and project popularity. Personnel Management: Delegate work to employees. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
BITSTAMP:BTCUSDEducation
by Crypto4light
100% TRADERS START WITH DREAM TO GET RICH QUICKHey guys! Do you agree with me?! It's easy to become charmed by the prospect of making rapid money in the financial markets, yet trading makes almost no one rich – in fact, many individuals lose money* If you like my graphics, please use Like button 💙💛 * 90% of traders losing money, only 10% get profits. Why? Here is 3 reasons: 1) Most traders Enter A Trade Too Early 2) Most traders Exit Too Late 3) Most traders Don’t Follow a Risk Management Here is list my tips to help you to get in profit:
BITFINEX:BTCUSDEducation
by ArShevelev
15
How to know when you are wrong and what to do nextThe feeling of ever admitting that one’s action is wrong is something many people never acknowledges, outside the works of trading, you get to see that even in a bilateral misconduct between two sovereign nations, it’s always difficult or maybe impossible for one of those countries to accept that there were at fault( being wrong), it goes on in every aspect of human endeavors, No one wants to take the blame. Now let’s take a case study into the current invasion of Russia into Ukraine, you will get to see that none of the presidents according to their speech has accepted to be wrong in their actions. Russian president Vladimor Putin while delivering his annual state state of the nation’s speech at the Gosting Duor conference center on February 21, 2023 did in his statement puts the blames on West and Ukraine for provoking conflicts while the president of Ukraine while replying to his speech did debunked the allegations of the Russian President. So the big question now is who is to be blamed? Who is Wrong? It’s the same thing that applies to trading, so many beginners and advanced traders can’t really beat their chest to tell when their analysis becomes invalid so that’s the reason am here to fix things up. What is wrong in forex? I won’t quote any dictionary or trader but I will simply put it this way that wrong in forex is a level or stage where you find PERSONALLY that the trade setup you had plan to trade or that you had traded is no more valid, useful or won’t be profitable if traded. The main keywords there are personally, profitability and traded. As far as wrong is concerned, it has to do with one accepting to the fact that a signal won’t yield profit because it had passed a particular level or structure. How to know that you are wrong I will like to drop some factors that will help you know that a setup is soar or is wrong. You have to set up parameters before entering a trade: wheather you use pending orders or market execution, you shouldn’t rush into a trade because of how attractive or how sweet looking the candles are being printed on the chart without knowing firstly where you will consider being wrong in the market. For me, since we are in a very sensitive environment while trading, then I feel identifying where your wrong zone would be is more important travel where your profit target would be. Use a well backtested strategy that you trust: Using a strategy that you trust would always enable a trader to quickly identify certain trade management levels. Let’s take a case st udy of a driver who uses one route everyday while going to and fro work at night, then unluckily for him, while returning from work at night on a faithful day, his head light malfunctions and then refuses to work, you will notice that with the aid of streetlight, you will be amazed that even under such mysterious circumstance, the driver would still manage to scale through the road successfully back home. Now you will ask how? This is because he has been using this route repeatedly and knows where there could be portholes and bombs so he would avoid those areas. Same thing applies with trading, when you trade a particular strategy day in day out, you will always at the slight of a fingertip be acquainted with where to identify your wrong level(stoploss) and you right level (take profit). Be psychologically ready to accept that you are wrong: This is one of the major problems encountered by traders because most traders even when their levels or an intending structure they acknowledged as their wrong level are taken out (those who believes in closing trades manually), they rather believe that things could get better (trades will surely reverse) so they keep holding their losses till it gets out of control. As a trader, you must be ready to boldly acknowledge that a setup you saw due to some factors is wrong and then immediately close it without second thoughts. Some technical tools and indicators to help you be aware of being wrong Thank God for the recent innovations that has been seen in the world of trading. With this, trading has been made more smart and rewarding because of there sophisticated tools and indicators that have been made available. Here are some of the tools that can help you identify when you are wrong Support and Resistance indicator by Luxalgo As we all know, trading is all about identifying key levels and structures which turns to become support and resistance levels. This indicator by Luxalgo makes it more easy to quickly identify market structures and trends on each timeframe so one could use the indicator to set a particular structure which will be used as his or her wrong level. ATR indicator You(Mindset) indicator This indicator surpasses all other technical indicators and tools because it has to do with the trader itself. Having to make use of those mentioned indicators is all dependent on you. This indicator determines the progress that you make in the industry. After Losing, What Next? There are some traders that would love to acknowledge being wrong in its dealings( setups or analysis) but their biggest question would be “After I agree that am wrong, what next should I do”? According to a book titled “Mastering trading psychology “ written collaboratively by Andrew Aziz( founder and CEO, Peak Capital Trading Founder,Bear Bull Traders) and Mike Baehr( Chief training officer , Peak Capital Trading Couch, Bear Bull Traders), one of their est technical analysis trainee who they had in mind to reserve as their full time trader after encountering a loss( wrong) had this to say and I quote “This is embarrassing. I was doing so well alternating between real and simulator this whole week. These were my results: ƒ Monday: 4 green trades out of 4 ƒ Tuesday: 3 green trades out of 5 trades ƒ Wednesday: 1 green trade out of 1 trade ƒ Thursday: 2 green trades out of 2 trades Total: 10 green trades out of a total of 12 trades: nice profits, and feeling on top of the world! And today it all fell apart in spectacular fashion. I traded like a maniac and finished with a huge loss. It was all a blur, but this is my recollection of the events in question: After two small losses 10 minutes after the open, I was a bit shook. Then on my 3rd trade, I made a hotkey mistake and doubled up my position rather than exiting. That ended in a huge loss. Shortly after that, I made another hotkey mistake and took another big hit. I was a psycho- logical mess. Rather than walking away, I went on a rampage. I started trading stocks not in play (JD, BABA, MU), and was reckless and vengeful. I said to myself, ‘Fuck it, let’s go!’ (literally out loud) and fired away at my hotkeys like there was no tomorrow. By 10:30 AM ET, I was 0 for 7. By noon, I had made 13 trades. When it was all said and done, I had made 20 trades total (not tickets, but trades). Only 2 of them turned out to be winners. Talk about lack of self-control... I violated every single rule that I had been following reli- giously all week. I stopped caring about those A+ setups and traded anything that looked marginally good. And since SPY was a roller coaster today, I got destroyed by questionable entries and ‘make-believe’ strategies. I kept trading the same stocks over and over, even after admit- ting they were not in play. I was trading like it was going out of style. I thought I could outsmart the market and get back at it. It wasn’t even about the money anymore. The losses were a foregone conclusion and had evaporated to currency heaven. The sad part about this whole tirade was that I knew I was breaking the rules while violating them—and I didn’t give a damn about it. In the moment, I turned into the Incredible Hulk and everything switched to autopi- lot mode. I smashed at my keyboard like a savage. Everything I had learned up to this point in my (short- lived) trading career was thrown out the window. I had literally unleashed an animal that I had no control of. I’ve never experienced such poor self-discipline in my normal life—ever. Today was a reminder of how fragile the trading mindset can be. All it takes is one moment—a FILG one —to send you spiraling out of control. All of these rules and checklists I had been adhering to were useless in the face of such madness. They were nothing but delicate paper walls I had erected to trick myself into believing that my emotions were in check. They came crumbling down under the slightest pressure. It was all an illusion; I was delusional. I have a lot of reflecting and contemplating to do this weekend. I might take a break from trading to rebuild my psyche. Maybe I’ll visit a monastery to cleanse myself of all these trading sins. But first I need to forgive myself. Now I’m just rambling like a fool. Thanks for reading, and remember—don’t trade like a crackhead”. I know being wrong hurts but here are the remedies to do in such circumstances. Shut down your computer sets for that day: The is a saying that “He who doesn’t bet the farm on one trade lives to trade another day. Setups as far as trading is concerned is a repeatable outcome, as far as your strategy has an edge, then your setups will always come. Move away for that day and return the next day. Have a source of happiness: It’s not just shutting down the system but what do you do after putting the system off, you must as a trader have something that brings happiness to you naturally, it could be hanging out with friends, playing soccer or having some cool time with your kids or maybe taking some yummy ice cream or whatever. Personally when bad days or wrong days usually comes around, I do play virtual games and this just has its own way of making me happy. After shutting down, make sure you locate your source of happiness immediately. Return like a baby the next day: The mind of a baby according to research is like a flowing river, it always keeps moving without thoughts of what happened previously, your mind as a trader should be like a baby. You should learn from your mistakes but don’t let it weigh you down. Resume office the next day with joy forgetting what occurred the previous day. Take trading decisions according to your strategy and let the trades play out. Conclusion The key take away from this write up is learn to adjust, learn to accept your wrongs and act accordingly to it. Digest this my write up efficiently and still check out for other other resources I will be dropping soon. Always try as much as possible to see how you can improve both yourself and your trading carrier everyday of your life. SEE YOU AT THE TOP!!
Education
by Officialpipsome
1
Risk to Reward Ratio is the key to constant wins at tradingI love writing those articles on my Blog, mainly because I learn from reviewing my trades & secondary for the value it gives back to the trading community. I been preaching Trading is simple but not easy. It is based on following a winning trade plan. & how do you find such a plan? Try & fail, Try & succeed there is no other way. There is the possibility of a generous soul teaching how a winning strategy & thats what I hope to do in this article. I will share 2 rules Rule number 1 Always trade the bigger picture. Find out what the bigger picture chart is doing & trade based on that. In this trade am placing my trade decision in the (W) chart the top chart in white. My bigger picture chart is the monthly (M) not shown. And the chart I use to time my enter & exit is the Day chart (D) below in Black Rule number 2 Risk to Reward ratio, This should be rule #1 but I placed it as number 2 to add importance to the rules of trading the bigger picture. Aim for a Risk to Reward ratio of 3 to 5. This means you asses the Risk (how. much money you can loose) before you asses the Reward (how much money you can win). In this trade, the bigger picture chart (M) is in a downtrend. The trading chart (W) comes into untested Supply Zone (SZ) with a Risk of less than a dollar. I take my SHRT in the red Circle The reward is 4-5 dollars per share, mostly due to a price free fall zone, with little Demand zone (DZ) to challenge the price. I took profit at two point marked by the red X in the Daily chart. There are odd enhancers as to why I took this trade, but they are outside the scope of this blog. If you like to learn more about my winning trading strategy that I been practicing for 11 years. Follow my Blog & learn to trade smarter.
TSX:ACShort
by greatful-me
Using Multi-Time Frame Analysis To Find Key Levels That MatterDo you find yourself drawing too many levels on your charts? Do you struggle to know which levels that actually matter for trading decisions? Do you wonder why price moves straight through some key levels and not others? This video will show you how to analyse a stock using Multi-Timeframe Analysis techniques to find the key levels that actually matter for trading, and how to quickly find the most important levels where price is likely to react.
NYSE:CCIEducation
by JoelWarby
Overcome Fear of Missing Out 🤮MAIN TALKING POINTS: What is FOMO in trading? What characterises a FOMO Trader? Factors that can Trigger FOMO DailyFX analysts share their FOMO experiences Tips to overcome FOMO WHAT IS FOMO IN TRADING? FOMO in trading is the Fear of Missing Out on a big opportunity in the markets and is a common issue many traders will experience during their careers. FOMO can affect everyone, from new traders with retail accounts through to professional forex traders. In the modern age of social media, which gives us unprecedented access to the lives of others, FOMO is a common phenomenon. It stems from the feeling that other traders are more successful, and it can cause overly high expectations, a lack of long-term perspective, overconfidence/too little confidence and an unwillingness to wait. Emotions are often a key driving force behind FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Common emotions in trading that can feed into FOMO include: Greed Fear Excitement Jealousy Impatience Anxiety WHAT CHARACTERIZES A FOMO TRADER? Traders who act on FOMO will likely share similar traits and be driven by a particular set of assumptions. WHAT FACTORS CAN TRIGGER FOMO TRADING? FOMO is an internal feeling, but one that can be caused by a range of situations. Some of the external factors that could lead to a trader experiencing FOMO are: Volatile markets. FOMO isn’t limited to bullish markets where people want to hop on a trend – it can creep into our psyche when there is market movement in any direction. No trader wants to miss out on a good opportunity Big winning streaks. Buoyed up by recent wins, it is easy to spot new opportunities and get caught up in them. And it’s fine, because everyone else is doing it, right? Unfortunately, winning streaks don’t last forever Repetitive losses. Traders can end up in a vicious cycle: entering a position, getting scared, closing out, then re-entering another trade as anxiety and disappointment arise about not holding out. This can eventually lead to bigger losses News and rumours. Hearing a rumour circulating can heighten the feeling of being left out –traders might feel like they’re out of the loop Social media, especially financial Twitter (#FinTwit). The mix of social media and trading can be toxic when it looks like everyone is winning trades. It’s important not to take social media content at face value, and to take the time to research influencers and evaluate posts. We recommend using the FinTwit hashtag for inspiration, not as a definitive planning tool. As well as affecting traders on an individual level, FOMO can have a direct bearing upon the markets. Moving markets might be emotionally driven – traders look for opportunities and seek out entry points as they perceive a new trend to be forming. DAILYFX ANALYSTS SHARE THEIR FOMO EXPERIENCES Traders of all levels of experience have dealt with FOMO, including our DailyFX analysts: “Trade according to your strategy, not your feelings” – Peter Hanks, Junior Analyst “Strategize. Execute. Stick to the plan and don’t be greedy. All types of traders make money; pigs get slaughtered” – Christopher Vecchio, Senior Strategist “Trade decisions are not binary, long vs. short. Sometimes doing nothing is the best trade you can make” - IIya Spivak, Senior Currency Strategist “If you don’t deal with and temper FOMO in trading – it will deal with you” – James Stanley, Technical Strategist “No one trade should make or break you. With that said, if you miss an opportunity there is always another one around the corner” – Paul Robinson, Currency Strategist TIPS TO OVERCOME FOMO Overcoming FOMO begins with greater self-awareness, and understanding the importance of discipline and risk management in trading. While there is no simple solution to preventing emotions from impacting trades and stopping FOMO in its tracks, there are various techniques that can help traders make informed decisions and trade more effectively. Here are some tips and reminders to help manage the fear factor: There will always be another trade. Trading opportunities are like buses – another one will always come along. This might not be immediate, but the right opportunities are worth the wait. Everyone is in the same position. Recognising this is a breakthrough moment for many traders, making the FOMO less intense. Join a DailyFX webinar and share experiences with other traders – this can be a useful first step in understanding and improving trading psychology. Stick to a trading plan. Every trader should know their strategy, create a trading plan, then stick to it. This is the way to achieve long-term success Taking the emotion out of trading is key. Learn to put emotions aside – a trading plan will help with this, improving trading confidence. Traders should only ever use capital they can afford to lose. They can also use a stop to minimise losses if the market moves unexpectedly. Knowing the markets is essential. Traders should conduct their own analysis and use this to inform trades, taking all information on board to be aware of every possible outcome. FOMO isn’t easily forgotten, but it can be controlled. The right strategies and approaches ensure traders can rise above FOMO. Keeping a trading journal helps with planning. It’s no coincidence that the most successful traders use a journal, drawing on personal experience to help them plan. Overcoming FOMO doesn’t happen overnight; it’s an ongoing process. This article has provided a good starting point, highlighting the importance of trading psychology and managing emotions to prevent FOMO from affecting decisions when placing a trade. TURN YOUR FOMO INTO JOMO Now you know how to spot and stop FOMO in its tracks, find out how to embrace JOMO in trading and change your mindset for greater success. Source: DailyFX
OANDA:XAUUSDEducation
by Hsan_BenAhmed
2
How to trade Support and Resistance levels? BINANCE:BTCUSDTPERP Support and resistance levels - are price areas on the chart where the price has ever changed its direction. This place always attracts traders, because near the levels there are obvious places for setting stop losses and entering a trade. Also, there are always limit orders of large buyers or sellers near the levels. We can say that the level is the price area in the market, where traders consider the price to be too high or too low, depending on the current market dynamics. Therefore, it is always important to pay attention to key levels at which support and resistance have reversed roles or there has been a strong price rebound. We can designate support and resistance levels as the place in the market where traders are more willing to buy or sell, depending on current market conditions. This creates a collision zone between buyers and sellers, which often causes the market to change direction. What are levels? Support level is an area on the chart with the potential strength of buyers. The moment when buyers enter the market. The resistance level is an area on the chart with the potential strength of sellers. The moment when sellers enter the market with a large volume, which allows them to take advantage of the buyers and stop the price increase. When the price breaks the support level, the support becomes resistance. Conversely, if the price breaks through the resistance level, the resistance becomes support. - On higher timeframes, support and resistance levels gain more strength. It is important to pay attention to the nature of the price movement from the level: - If the price immediately turned from the level into the opposite trend, then this level can be considered significant. - If the price tests a certain area several times, making a small pullback, most likely, this level will be subsequently broken. How to draw levels on the chart? Support and resistance levels are not lines on the chart, but areas or zones. No need to try to draw them exactly according to the shadows or bodies of the candles. Strive to achieve the maximum possible number of price touches of the levels. This will usually require you to move the level up and down until you find a spot where the market touches that level the maximum number of times. You do not need to rewind the chart far to mark all the important levels. Most often, traders look only at the current monitor screen. Therefore, 100-150 candles will be enough. Most of the levels you will need will be based on price action over the past six months. Focus on key levels that are immediately visible. Don't draw too many levels on the chart. Try to keep only the main ones and discard the secondary ones. If you find yourself wasting too much energy looking for levels, you are probably drawing more levels than you really need. How to use support and resistance levels in trading? A level is a place for a possible entry into a trade. If an additional confirming signal appears at the level, you can think about opening a position. Stop losses are placed by levels and possible targets for profit fixation are determined. In books on technical analysis and on the Internet, you can often read that the more often the price tests the level, the stronger it is. But this is a gross mistake. In fact, the more the price touches the level, the weaker it becomes. Imagine that we have a support level. The price bounces from this level because there are buyers in the market. If the price often returns to the level, this means that buy orders are gradually being executed. And when they are fully executed, then who will buy? Therefore, when there are no buyers at all, the price breaks through the level. It is important not to forget that support and resistance levels are, first of all, zones, and not exact lines on the chart. Otherwise, you may encounter two problems in your trading: the price does not reach the level and the price goes beyond it. When the market gets close enough to the level without hitting it, you may miss the trade because you were expecting a trading setup to appear exactly at the level you chose. In a situation where the price goes beyond the level, you think that the level has been broken out and you try to trade the breakout, but this often turns out to be a false breakout. How to solve these two problems? Very simple. Always treat support and resistance as zones on your chart, not exact lines. How to find out what will break the level? As we already know, support is an area with potential buying pressure. Therefore, when the price approaches the support level, it should turn into the opposite trend. But what if this does not happen and the price starts consolidating at the support level? This is a sign of weakness as the bulls are unable to forcefully push the price up. Or there is strong selling pressure in the market. In any case, this situation does not look optimistic for the bulls and the support will probably not be able to resist. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
Education
by Crypto4light
3
How To Be Success Trader II Lesson 11 - You must learn analysis and basics well, such as knowing important terms such as margin, leverage, lot, point, pairs and the relationship between them, the meaning of indicators and commodities and how to calculate the point,, and then delve into technical analysis and study the basics such as trend lines, supports, resistances, Fibonacci, price action and patterns 2- You must create a successful and good trading plan for yourself and you must take into account the trading times, the fixed strategy you will work with, the choice of pairs and the time frame that you will work on. 3- You must first practice on a demo account, preferably with the same amount of capital that you will deposit in your account later, so that you can know the measure of your profit and loss and better test your psychology and strategy. 4- Do not use hedging (hedging is buying and selling at the same time on the same pair) 5- You should be a good watcher of the news, because there is strong news that you should avoid trading while it is being issued in order to preserve your capital.
OANDA:XAUUSDEducation
by Fx_Vanguard
2
HOW TO BE THE 1% 🤔💫🤩 Our culture is obsessed with the rich, famous, and successful people, yet what is left behind is both the hard work and sacrifices of those who «made it» And millions of those who failed miserably en route to fame and became nothing. There are multiple theories on and philosophical systems, that reflect on success, but ill bring out the key points:🔑 ➡️ Genetics, upbringing, and connections determine 70% of the outcome. Oh yes, as much as we don’t like to think about it, it is genetics that determines our capacity for sports, singing, our intelligence, speed of reaction, etc. For example, musical talent is determined by the specific structures in the brain, and some people have those from birth, and some people do not. These structures might differ by a factor of 10.000 from person to person, even though the brain size would be the same. So you might spend 20 years in musical training and be good, but you will never be a Mozart without those structures in your brain. Training and upbringing, In turn, affect whether you will be able to use these Brain structures, as well as the society in which you were born, determines if your talents will be useful or not. One might be born a genius mathematician, but if he did not get good training, or if he was born in the dark ages, his talent would have been wasted. One's family and social circle affect which connections will the person have in adult life , and it is for better or worse but cronyism and nepotism as still widespread, And the connected ones, even without being super bright, usually outdo those that aren’t. ➡️ Pareto 20/80 Rule, or risky business VS the safe one. Almost everything in life follows the Pareto Rule, which says that 20% of your effort brings you 80% of the result. There is another interpretation too: 20% of people will have 80% of all success in the given industry. This rule applies best and in its extremes to the high-end risky businesses with ultra-high failure rates paired with the ultra-high payoff. These industries are Acting, Music, Sports, and Trading! As you can see, in acting, which is the extreme case, 1% of the actors make 80% of the Income generated by the industry. The same goes for music and sports where the select few make the big buck, and those that aspired but failed, barely make a living. Compare this to being an engineer or a doctor. The failure rate is much lower, which lowers the risk of entering the profession, but the highest potential income is lower too! This applies to Trading too, as once you’ve learned how to be consistently profitable, the sky is the limit. There is no difference in the cost of labor or time spent on making a trade with the risk of 100$ and making a trade with the risk of 100.000$ Of course, at some point, your trades will get so big, that YOU will start moving the market trying to enter the trade, but that’s a story for another day. ➡️ Your power of will, determination, patience, and readiness for sacrifice. Trading is a unique industry, where ANYONE can succeed , without needing a diploma, connections, or looks. In essence, trading at its core is about pattern recognition . You discover a pattern, learn to find it on the chart, and then find a way to use this knowledge to extract monetary gains by playing this pattern with the probability being on your side. That's it. That easy. Then why is it, that 99.9% of those who try trading, ultimately fail? In my years of trading, I’ve noticed a pattern: 💡 A - GET RICH FAST attitude B - Do not spend time educating themselves C - Do not treat Trading like a business D - Lack of Patience E - Can not follow rules ⚠️ People think that forex is a Magic Money Tree, just stretch forth your hand, and you will drown in gold … In reality, however, learning to trade will take YEARS , will cost you a fortune and no one will guarantee you success. HERE IS MY ADVICE TO THE NEW TRADERS: 🤓 🎯 HAVE THE RIGHT MINDSET 1)Prepare for failure, disappointment, and tears 2)Realize that you will train for YEARS 3)Learn to fight and not to give up 🎯 GET GOOD HABITS: 1) We ARE our habits , so recognize what is good for you, and make it a habit 2)Staying in good health is underestimated, while in reality, your physical condition has a direct effect on your mind. 3) Work on your mistakes. You will never learn If you do not access your previous work critically. 4) Make a plan for a week , then break it into daily tasks. Do it for a month and that will become a habit. 🎯 MANAGE YOUR FINANCES WELL 1) Learning to trade is expensive and time-consuming, so make sure you have an income. 2) Learn basic financial literacy and spend less than you make. Easy right? But if you lose an account that cushion will help. 3) Do NOT quit your job the moment you became profitable. This sounds obvious, but the market will test you multiple times, and unless you’ve got enough savings to last for 1 YEAR without working, ditching a stable source of income will not only make you vulnerable but will also affect you mentally which will negatively affect your trading. 📈 FOLLOW these steps and you will increase your chances of success in trading by a factor of 10! PLEASE LIKE AND COMMENT TO GIVE ME A BOOST!
Education
by SignalProvider
14
Relative Strength Index (RSI) From ScratchHello, traders! As you know, it’s rather difficult and, never the less, important task to define the «power» of price or it’s called momentum. However, many tools have been already invented to help traders. On of the most informative and easy-to-understand is Relative Strength Index. The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a coin.Traditional interpretation and usage of the RSI are that values of 70 or above indicate that a security is becoming overbought or overvalued and may be primed for a trend reversal or corrective pullback in price. An RSI reading of 30 or below indicates an oversold or undervalued condition. How to use? The most reliable way to use it is to define divergencies. If are not aware of what it is, use our cheat sheet to make your life easier. However, there are some other ways like defining the probable price reverse, catching TA patterns like double head, head and shoulders and so forth, but it’s kinda difficult to find them. As I have already said, it’s kinda ridiculous to use the only indicator to make strategy. You may Only use it as a tool that solve the specific problem like enter, closing, defining take profit and stop loss levels. Thus, guys, use it cleverly and build your profitable strategies.
by Skyrexio
3
Balance Of Power From ScratchHello, traders! As you know it's very important to identify the balance of bulls and bears. Today, we introduce you one of the most pretty and easy-to-interpret tools - Balance Of Power Oscillator. Balance of Power (BOP) is an oscillator that measures the strength of buying and selling pressure. Introduced by Igor Levshin in the August 2001 issue of Technical Analysis of Stocks & Commodities magazine, this indicator compares the power of buyers to push prices to higher extremes with the power of sellers to move prices to lower extremes. When the indicator is in positive territory, the bulls are in charge; and sellers dominate when the indicator is negative. A reading near the zero line indicates a balance between the two and can mean a trend reversal. The Balance of Power indicator shows the direction and extent of price change during the trading period. Like most oscillators, the Balance of Power indicator can be used to identify trends, divergences from price, and overbought/oversold conditions. Zero-line crossovers provide buying and selling signals. Possible Signals Zero-Line Crossovers The scale of this oscillator ranges from -1 to +1, with 0 as the centerline. Zero-line crossovers indicate a move into positive or negative territory, and are often used as buy or sell signals. A cross above the center line generates a buy signal, and a cross below generates a sell signal. The data is smoothed with a moving average in order to reduce the number of whipsaws. An SMA with more periods reduces the number of false crossover signals, but also reduces the responsiveness of the indicator. While the main signal provided by the Balance of Power indicator comes from zero-line crossovers, it can also be used to determine the trend, look for divergences in price, and identify overbought/oversold securities. Trend identification A rising BOP line indicates an upward trend and a falling BOP line indicates a downward trend. The zero-line crossover confirms the trend change. Divergences with Price When price makes new highs but BOP doesn't, that is a negative divergence; when price makes new lows but BOP doesn't, that is a positive divergence. These divergences can foreshadow a change in trend. Conclusion The Balance of Power (BOP) indicator uses price to measure buying and selling pressure. It determines the strength of the buyers and sellers by looking at how strongly the price has changed, rather than using volume. As with all indicators, traders should use the Balance of Power indicator in conjunction with other indicators and analysis techniques.
Education
by Skyrexio
1
Short-term ETHUSDT AnalysisHi, traders! Today we continue to talk about Ethereum. It's considered to be one of the most powerful altcoins that could be an alternative of BTC. Well, let's have a look at the chart. On daily chart we can see descending channel. However, 0.236 Fib level is respected and tested actively by the price action. In out opinion, breakout and trend reverse is rather possible. However, common market conditions are bearish. That's why probability of breakout is kinda low. Thus, acting in this Chanel till September looks most likely. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
by Skyrexio
1
Chaikin Oscillator From ScratchHi, traders! Today we'll speak about one of the most pretty instrument of divergence detection. The Chaikin oscillator is named for its creator Marc Chaikin.1 The oscillator measures the accumulation-distribution line of moving average convergence-divergence (MACD). To calculate the Chaikin oscillator, subtract a 10-day exponential moving average (EMA) of the accumulation-distribution line from a 3-day EMA of the accumulation-distribution line. This measures momentum predicted by oscillations around the accumulation-distribution line. The purpose of the Chaikin oscillator is to identify underlying momentum during fluctuations in accumulation-distribution. Specifically, it applies the MACD indicator to accumulation-distribution rather than closing prices. For example, a trader wants to determine whether a coin price is more likely to go up or to fall and MACD is trending higher. The Chaikin oscillator generates a bullish divergence when it crosses above a baseline. The baseline is called the accumulation-distribution line. A cross above that line indicates that traders are accumulating, which is typically bullish. The Chaikin oscillator utilizes two primary buy and sell signals. First, a positive divergence is confirmed with a center-line crossover above the accumulation-distribution line, signaling a potential buying opportunity. Second, a negative divergence is confirmed with a center-line crossover below the accumulation-distribution line, signaling a potential selling opportunity. A positive divergence signals a coin price is likely to rise, given the increase in accumulation. A negative divergence signals a coin price is likely to fall, given the increase in distribution. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Education
by Skyrexio
3
ETHUSDT Short OpportunityHi, traders! As you have already guess we've found a possible opportunity of short of ETHUSDT. Have a look at the plot. Initially, have a look at a great support zone that the previous price actions has built. In out opinion bears are too weak to break it now. Moreover, we've found the great Elliott Corrective pattern. As You can see on the plot, the probability of corrective wave B to go up is pretty high. However, considering the market geometry and mechanics C will be the motive descending line. Moreover, Schiff Pitchfork, pretty nice instrument that out friends Trading View give us, is respected by the price action. It helped us to put stop-loss level and confirm our assumptions of price action. We put stop loss a bit higher than the top border cause of the possible market manipulations. We would advise you not to follow us blindly, but also make your own conclusions based on our analysis. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
by Skyrexio
1inch Foundation Upgrades Governance FrameworkThe 1inch Network’s governance framework will have many of the hallmarks of Ethereum-based projects in a move that prioritizes user experience and broader network participation. 1inch Foundation, the non-profit arm of the 1inch decentralized exchange aggregator, has introduced important changes to its governance framework intended to streamline the proposal process. On Wednesday, the Foundation announced the creation of the 1inch Network Governance, which complements the “instant governance” framework the protocol launched back in December 2020. Instant governance gave 1inch token stakers the ability to vote on changes to protocol parameters. 1inch Network Governance is described as “a system similar to that of many other leading Ethereum-based projects,” including a user-friendly process for proposing protocol improvements. “Unlike instant governance, which is focused on protocol parameters, the 1inch Network Governance will be focused on major improvements that would make a difference for the entire 1inch ecosystem and, possibly, for the DeFi space at large,” the Foundation said. Users can participate in the governance process by visiting the 1inch public forum and selecting a subcategory for their proposal. The proposal process consists of three stages: Discussion, formalization and snapshot. It’s during the snapshot stage that off-chain voting for the proposal will be completed. All 1INCH token holders, and not just stakers, will be able to participate.
by Skyrexio
1
Awesome Oscillator From ScratchHi, traders! Today we’ll speak about one of the most pretty and easy-to-interpret oscillator - Awesome oscillator.The Awesome Oscillator Indicator (AO) is a technical analysis indicator created by Bill Williams as a tool to determine whether bullish or bearish forces dominate the market. It measures the market momentum with the aim to detect potential trend direction or trend reversals. The market momentum is evaluated using a combination of a shorter time frame and longer time frame simple moving averages or stated differently, it considers the recent momentum in comparison with a higher frame momentum. The Awesome Oscillator is calculated as the difference between the newest 5 periods (bars) simple moving average (SMA) and the 34 bars simple moving average. But instead of the closing price, the indicator uses the bar midpoint value. The indicator is plotted as a histogram in a box at the bottom of the chart and the histogram bars are found in either of the two colors red or green (with some trading platforms the lines can be red or blue). When the midpoint value of the last price is higher than the previous bar midpoint, the histogram will be green (blue) and if the midpoint of the last bar is lower compared to the previous bar, it will be red. How to use Awesome Oscillator? There are a variety of strategies which could be used by traders to identify potential trading opportunities. Some of the well-known and basic trading setups are the zero-line and divergence. Awesome Oscillator and zero-line crossovers The basic alerts which are generated by the Awesome Oscillator are identified on the basis of the zero-line cross overs. * A bullish buying opportunity alerts occur when the AO indicator crosses above the zero-line, indicating that the short-term momentum is increasing faster compared to the long term. * A sell opportunity is detected when the indicator crosses below the zero-line mark displaying that the short-term momentum decreases more rapidly than the long-term. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
BEducation
by Skyrexio
How Cheese, Knives and Chocolate Will Make Solana to The MoonHi, traders! Let’s discuss some crypto news. As you know the fundamentals are essentially important in trading. Thus, we’ll try to speak about them more in future. From the latest news, Switzerland-based token issuer Digital Assets AG, or DAAG, has officially launched its stock-tokenization infrastructure on the Solana blockchain, offering users of the FTX trading platform a novel way for accessing traditional equity markets. During the initial rollout, FTX users who have completed Know Your Customer documentation will have access to 55 free-floating stocks, available 24 hours a day, 365 days a year, Digital Assets AG announced Thursday. That means users in permitted jurisdictions will be able to buy, sell and withdraw the assets at any time. Free-floating stocks are assets that have received regulatory approval to trade on tokenized platforms. As DAAG explained, they represent the number of shares of a given asset excluding locked-in shares, such as those held by company executives. Solana has received tremendous support from investors, venture capitalists and other market participants. The crypto startup recently raised $314 million from several high-profile investors to expedite the development of its high-performance blockchain. Andreessen Horowitz and Polychain Capital led the raise, with additional contributions from the likes of Alameda Research, Blockchange Ventures, CMS Holdings and CoinShares, among others. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
by Skyrexio
2
Pitchfork and Its Modifications From ScratchHi, traders! Trading View gives us great opportunities to gain as much profit from analysis as it’s possible. Many tools indicators, including custom indicators let traders to extract all insights from the price action plot. However, many of us don’t know about very useful tools that TW gives us “from the box”. Well, today we’ll speak about pitchfork and its modifications. Pitchfork The technical indicator known as Andrews Pitchfork is not that well known and is rarely used by novice traders. However, it is a quick and easy way for traders to identify possible levels of support and resistance for price. It is created by placing three points at the end of previous trends and then drawing a line from the first point that runs through the midpoint of the other two points. The reason this indicator is called a "pitchfork" becomes apparent from the shape that is created in the chart. How to draw? Put the first point to the start of a new trend, second point on the next higher high, and the third to the lower low. Shiff Pitchfork But it’s good when we have no corrections. Try to draw pitchfork after it and you’ll fail. Fortunately, this problem has been solved with Shiff Pitchfork. It has the same properties like the Original one, but the “corrections bug” is fixed. How to draw? Put the first point to the start of correction (pump), second point on the next higher high/lower low, and the third to the lower low/higher high. Well, frankly speaking, the Original Pitchfork works well only on trend markets. For the corrections Shiff Pitchfork was invented. But what should we do with other cases? choppy market< for instance? Don’t worry, everything has been already invented. The Modified Shiff Pitchfork The Modified Shiff Pitchfork is heuristic above the Shiff pitchfork that specializes on sideways market movements. How to draw? Put the first point to the start of sideways movement, second point on the next higher high/lower low, and the third to the lower low/higher high. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
BEducation
by Skyrexio
2
ATR From ScratchHi, traders! The volatility is one of the most important market indicator that could describe the instrument’s behavior. That’s why it’s deadly impossible to use it to predict the further price movements. But what is volatility? It’s the measure of price changing. The more volatility is, the more you can earn or lose, the price is prone to change. So, dear subscribers today we’ll speak about Average True Range (ATR), one of the most powerful indictors of volatility. Well, from the very beginning, let’s speak about True Range (TR) and understand how to calculate it. True range is maximum of pairwise absolute difference between high and low, open and close, maximum and minimum. TR=MAX(|high-low|,|high-close|,|low-close|) So, it shows us how much the instrument’s price has changed during the one bar. It’s Whereas the Average True Range is Average of TR during some period. ATR=sum(TRs of period)/length of period It’s considered to be rather informative, but it’s kinda difficult to make any decisions. For example, is you see on the chart above we have two coins: MAKER and Bitcoin. The definition of ATR of the first is bigger sometimes, but the real volatility (price change) of the second is much higher. Thus, we would advise you to use ATR Normalized, cause you can make it in percentage scale and considering any period you like to make it more representative and smart. The ATR may be used by market technicians to enter and exit trades, and is a useful tool to add to a trading system. It was created to allow traders to more accurately measure the daily volatility of an asset by using simple calculations. The indicator does not indicate the price direction; rather it is used primarily to measure volatility caused by limit up or down moves. The ATR is fairly simple to calculate and only needs historical price data. The ATR is commonly used as an exit method that can be applied no matter how the entry decision is made. One popular technique is known as the "chandelier exit". The chandelier exit places a trailing stop under the highest high the stock reached since you entered the trade. The distance between the highest high and the stop level is defined as some multiple times the ATR. 2 For example, we can subtract three times the value of the ATR from the highest high since we entered the trade. Also it can be used as the tool that can help you to choose tokens that suits your strategy. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Education
by Skyrexio
1
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
BTCUSDT Analysis UpdateHi, traders! Today we will tell you about the Bitcoin and give you our point of view with regards of this token. Well, we still bullish. We still believe that BTC is able to push the limits more and more and show the world the power of crypto. So, let’s go beyond words. Not so long ago Tesla sold 10% of the company’s BNC deposit. Some people found as an act of fear of Musk. However, let’s dig deeper. 10% is considered to be very small part of their BTC deposit. Moreover, we find it a way to gain money fast, because they need them to report to investors. As you see market has showed no reaction on it. Let’s have a look on the chart. At the first sight it seems to be choppy. However, we see a great support levels of previous price action demonstrated by Fiba Retracement levels and EMA. Thus, we are sure that probability of further growth is extremely high. Here are some scenarios of probable price action. Scenario A Short-term consolidation between 0.382 and 0.5 Fibonacci levels and further growth with mid-term consolidation in “golden pocket” (between 0.5 and 0.618 Fibonacci levels) with break out over the 0.618 and even higher. Scenario B Bears will have a small win and the price will go down to 0.382 and lower. On these levels lots of alerts are pointed, that’s why the price will anyway reject from these levels and pump. DISCLAMER : Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
by Skyrexio
Bitcoin Forect Or Small Strokes Fell Great OaksHi traders! All of us were a bit shocked by the BTC price action. Frankly speaking, we didn’t expect such rapid price fall. Nevertheless, we find it kinda normal. Come on, it’s crypto! Any trader should be ready for the worst, you know. But, if we tell you that this price action is kinda normal thing and we have already seen such fells in past? As you know, there is the thing that’s called option. Every month, approximately in the middle, the price falls rapidly and makes all of us a bit nervous. However, let’s have a look at the plot. As you see, we have 18-27% down swing every approximately every month last year. It’s not profitable for option issuers to sell BTC by the price that’s smaller than the market. February, March and now – April, the same pattern, the same stress. How do we see the future price action? We are expecting of consolidation on 51200$(approximately 0.236 Fiba level). Why? Cause we have a strong support level here, that’s confirmed by previous price action. Moreover, it’s confirmed by rejection from it of today’s “dead candle”. After it, we are expecting the growth and breaking up the 0.5 Fiba and consolidation near 0.618 Fiba (for about 67000$). We are still bullish and believe in BTC great future.
KRAKEN:ETHUSD
by Skyrexio
1