Trader's advice. Tips from Experienced Forex Traders Tips for Traders from Professionals
FIRST, DISPLACE THE ILLUSIONS
Council number 1. Stock trading is not a machine for printing money. In trading, over 95% of traders lose money month after month, year after year. Some go so far as to lose themselves, their families, and self-respect.
Before you decide to learn how to trade, think carefully. By not dealing with the financial markets, you will be richer than more than 95% of traders who constantly arrive in financial and psychological discomfort;
Council number 2. Trading is the real . Trading, like any other profession, takes years to learn. It is not possible to master stock trading in a short period of time - due to the fact that you have to deal not only with the market, but also with yourself, with your emotions.
To master the profession of an ordinary engineer, it will take 11 years to unlearn at school and another 5 years at the university. Now think about whether it is possible to quickly master a new profession that can make you financially independent in an area where the majority loses?;
Council number 3. Long-term, life-long success is not achieved quickly. Focusing on trading, forget about quick money. In the market, you can only lose quickly, but it usually takes a huge amount of time to make money and make trading a permanent source of income.
It is impossible to pump up and build a beautiful body in one month of training in the gym. Each workout brings you closer to the planned bar, which at the beginning of the journey is hardly visible on the horizon. But it is there and its time will come, if you apply due effort to it. A similar approach applies to trading;
SURVIVE AT ANY COST!
Council number 4. Demo Account is the first trading account that a novice trader must open. On a demo account, profits and losses are virtual. The trader absolutely does not risk anything, while having the opportunity to master the trading terminal and start making the first transactions.
It is recommended to trade on a demo account until you are confident in your trades and in what you are doing in general. It is important not only to do any work, but to do it meaningfully. Only after that go to a cent account and start trading with little money;
Council number 5. At the beginning of the development of exchange trading, set a goal for yourself - not to earn, but not to lose. Learn to trade to zero. Mastering the skills of trading to zero will allow you to instill in yourself the instinct of self-preservation of the deposit.
Trading to zero is a milestone bordering on loss and profit. Having learned not to lose, the trader moves to the next level - to earn a little. In a way, this is reminiscent of career ladder: each step is gradual and directed upwards;
TRADER'S BEST FRIENDS
Council number 6.- this is the only thing that a trader can manage in the market. Not knowing how to observe risks, trading turns into a roulette, in which the earned profit is just an accident.
Trading is cold calculation and harsh money management. Minimize losses and let profits run. It is recommended to risk no more than 1% per trade. Use the ratio of stop loss to take profit- at least 1 to 3;
Council number 7.– body armor for a trader. A conservative stop loss will warn the trader against losing the entire deposit if the price goes against the movement he anticipates.
It should be clear once and for all! The Grail does not exist! Break-even trading does not happen! Losing trades is an integral part of successful trading. With the correct use of money management, taking into account the profitability of 30-50% of profitable trades to loss ones, you can stay in a good profit.
Tip #8.- personal summary of the trader. In this summary, you need to record all your transactions: entries, position maintenance, exits. It is categorically important to analyze each closed transaction.
A detailed analysis of transactions will allow you to find errors over time and eradicate them. At a minimum, a trader will learn not to fall for the same rake. Having learned not to repeat the mistakes that lead to losses, we begin to effectively use the accumulated experience.
CONTENT ON THE MEDIA NETWORK
Tip #9. If you want to successfully walk the path that others have successfully walked before you, learn from them, study their books. You will have to read literature on trading! Reading is an asset if used correctly. For novice traders, I recommend reading the book “50 Shades of Forex“.
I also recommend that beginner traders study the work (books, videos, articles) of Alexander Elder and . In his books he combines technical analysis with the psychology of thinking of traders. Understanding the psychology of the market, you understand things that do not lie on the surface;
Tip number 10. Don't trust analysts more than yourself. – expression of the subjective opinion of a private trader. An analyst, like any trader, tends to make mistakes. His opinion may not always be correct.
Analytics is recommended to be used as an additional filter. First of all, learn to trust yourself. Thus, you will "grow" much faster. Someone else's mistake is a reason for grief and accusation, one's own mistake is a reason for teaching;
Tip #11. In the era information technologies The modern Internet is full of information about getting rich quick . Various strategies, advisors, books, training courses and other software are sold, promising a lot of money.
Returning to the first three paragraphs of the article, I will additionally note that on stock market easy and fast does not happen. If they obsessively try to sell something in the public domain, then there is a catch. Be carefull! As a last resort, ask real-time monitoring ;
NEVER! NEVER! AND NEVER AGAIN!
Tip #12. NEVER do not borrow, credit or installment to open a trading account or replenish a losing position that is against the trend and does not have protective stop order ;
NEVER don't sit out losses, don't average, don't use martingale. Such trading initially leads to the loss of the deposit, but before that, plant your nerves;
NEVER don't aim for large percentages arrived. The more profit at stake, the higher the risk. The higher the risk, the higher the chance of losing a lot. Everything is interconnected. But usually not in positive side trader;
Council number 13. Broker - is an intermediary between the market and the trader. The broker provides access to real-time quotes, thereby making it possible to conclude trading transactions. The “quality” of trading and the subsequent success of the trader depend on the choice of a broker.
As a broker, I recommend Gerchik & Co, a company created by professional traders specifically for traders. Only the traders themselves, who are the founders of the company, can understand well the needs of other traders and investors, and can offer them everything they need for professional trading. About why I recommend this broker, .
UNLIMITED POSSIBILITIES!
“You can be free. Live and work anywhere in the world. Be independent from everyday troubles and unaccountable to superiors.
This is the life of a successful trader.” (Alexander Elder).
Stock trading is a difficult path. The road will be mastered - walking!
Did you like the post? share with friends on social media networks:So you novice trader and want to succeed in Forex. I will take the liberty of giving you some advice from my personal experience (I have been trading Forex for over 6 years)
Secure yourself a stable income before you start trading
This advice is the best help for a novice trader. Practice shows that if the unemployed come to the Forex market, they lose their money very quickly. Let me explain why this is happening. An unemployed person needs to receive a certain amount at the end of the month to pay for housing and communal services, food expenses, etc. The profession of a trader does not imply a stable income every month - very strong fluctuations in profitability are possible.
Let's look at a real situation that occurs all the time.
For the first month, the trader received a loss of 10%, for the second month he made a profit of 30%. In total, we get a profit of 20% for 2 months. The average return will be 10% per month.
Now imagine the state of an unemployed person who loses 10% of the deposit per month and at the same time he needs to withdraw profit (which is not) to pay for his current expenses! What will he do? He will take risks beyond measure, will break his trading rules just to make a profit. All this ends very sadly.
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If you are unemployed (or a student) be sure to find yourself a job, at least part-time. What would not twitch and calmly engage in trading.
Train on a demo (demo) account
For beginner Forex traders It is very important to practice on a demo account for at least a few weeks before switching to real money trading. This may seem tedious and not very interesting.… A demo account is necessary to hone your trading skills and master the functionality trading terminal. Once you feel confident, move on to real trading.
You will be interested to know.
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Read books, articles, blogs
In any business, in order to succeed, it is necessary to have a good THEORETICAL base.
Read everything you can get your hands on. There is a lot of literature on Forex trading and at first it will not be easy to understand everything. Lots of dubious books. Only by accumulating your personal baggage of knowledge, you will learn to distinguish worthwhile things from information rubbish.
Read about
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Avoid Forex forums and social networks
The advice may seem strange, but if you think a little, then everything becomes clear. Beginner Traders Forum This is a scam and a waste of time. What do people do on Forex forums? They are:
- communicate
- PR
- swear (find out the relationship)
A forum, as such, is not intended to provide new knowledge. On the forum, of course, you can find useful information, but you will have to look for it in a bunch of flood, flame and showdown. I know people who spend almost half their lives on forums. They have many thousands of messages. Among them, I almost never met successful traders.
There is one more subtlety. Professionals prefer to keep their blogs instead of chatting on forums. I can't speak for everyone, I can speak for myself.
When I tried to raise interesting topics on the forums, share trading strategies, lay out deals - almost always a bunch of envious people or just bad people ran in and started to spoil good undertakings. One negative comment can ruin your mood for the whole day.
Unlike a forum - a blog - I am my own boss. Very easy to get organized.
Read about and make money on it.
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Divide your trading capital into several parts
Another common novice trader's mistake– when opening a trading deposit, a trader transfers all his money there. I myself once fell victim to this mistake. The fact is that a trader, most often, loses his first trading deposit. This is absolutely normal. If everything novice traders only won, then who would then work in factories and offices ???
In order to earn a stable income, you must become a professional trader, and you have to pay money for this (pay a teacher or Forex itself, because Forex is also a teacher).
It is necessary to divide your trading capital into parts in order to have money in any situation to continue trading.
Traders are of two types - those who have money to continue trading (which means there is a chance of earning), and those who do not have this money (no chance of earning).
Recommend article
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When opening a trade, it is important to determine the loss fixation point in advance
I remember how one of my students was indignant after this phrase. He said that he “came to Forex to earn”, and not to lose money.
I explained to him - in order to make money, you need to have this very money on a trading deposit. In order to have money on the trading deposit, it is important to ensure that no transaction becomes fatal for us. That is, it is important to ensure that we do not go bankrupt due to one transaction that “went the wrong way.” That is, we must fix losses in time, moreover, we must know in advance the fixation point of possible losses and place our stop losses there. If the price goes up, then everything is fine. If it goes “not there”, we fix the loss. Yes, it is unpleasant, but it is better to lose part of the deposit and keep the opportunity to make transactions in the future than to lose everything in one single transaction!!!
You may be interested.
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Watch the market. Try to find patterns in price movements
Very important advice to a novice trader. Most beginners are desperately trying to guess “where the price will go”. Don't try to guess, DO OBSERVE the price. Over time, you will see that price movements follow certain patterns. The price over and over again draws certain figures (price patterns). It is especially good to watch the price when you have no open trades. The point is that with open trading positions you are interested in the price movement in the direction you need. That is, it is difficult to remain open-minded. But when you do not have open deals and you look at the market calmly and without prejudice.
It will be useful for you to read the article.
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Do not try to guess the top or bottom catch the middle of a trading trend
Many newbie traders trying to catch the top or bottom of the market. The logic is clear - if we buy at the very bottom of the market, then we will take the entire price movement. If we buy (sell) in the middle of a price movement, we will take only a small part of it.
The truth of FOREX trading is that it is almost impossible to catch the top (bottom) of the market. And whoever tries to catch extremes quickly goes bankrupt. At least if I could catch the tops and bottoms of the market, I would have become the best trader in the world long ago.
Traders usually make money in the middle of a formed move. That is, a bet is made on the fact that the movement that has begun will develop in the same direction (at least for some time). This question is beyond the scope of the article, but I will definitely consider it later.
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Read part two beginner trader (2 hours)
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All the best and thank you for your attention, regards Arthur.
website
P.S. Perhaps you will be interested
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1. Definitely needed trading algorithm (trading plan), where there are clear rules that answer the question, which bar to open a position (long or short) and why. And most importantly, when to exit the market and close the deal.
2. It is always necessary when entering a trade, place stop orders(stop, stop loss, protective order). Never move your feet if the movement is against you. If you hit a stop, then you entered the wrong one and it is better to re-enter than to sit out losses.
3. Come out in parts. For example: take profit of 1000 points (RTS futures) with half of the contracts that entered the market. Then put a stop loss at breakeven on the number of contracts that are still in the market. I apply this point if there is a further potential move. Others give advice to novice traders not to put a stop at no loss, in this situation, the likelihood of catching a big move with the remaining contracts increases.
4 . A competent exit is an order of magnitude more important than an entrance. The only thing a trader can do in the market is to wait and control his trades and possible losses.
5. Necessary know the limit of losses per day. Received a 3% minus from the trading account, close the terminal and no longer trade. No need to try to recoup losses immediately and on the same futures. It takes some time not to trade in order to soberly assess the situation. Understand why it was knocked out in the foot.
6 . Need to lead transaction log and statistics of your transactions.
7 . Need to do screenshots trades and mark why you entered or exited a trade.
8. No need to catch falling knives. Previously, there was a desire to catch a market reversal: buy on a fall in prices or sell on a rise in prices, near support and resistance levels. In 95 percent of cases, stop losses were triggered. To make a decision, I recommend waiting closing hour bars. And on a 5-minute chart, you need a trade (base, consolidation). After that, you can look for an entry point into the deal.
9. Very tests of previous levels are important, after which the uptrend or downtrend continues. Do not be afraid to miss the movement, the price usually returns and tests the previous levels.
10 . Before trading a certain trading instrument. It is necessary to study it on history, preferably on different timeframes. Try to understand how he walks and tests the upper and lower levels. (because once and how). Trade a trading instrument in practice, with a minimum number of contracts.
11. No need to listen to analysts. It is necessary to look at the economic calendar (trader's calendar) and know when important news or meetings of the Federal Committee on open markets(FOMC). IN given period time there are sharp price movements. When stops can be knocked out from those who bought, who sold. After that, the price can go in the right direction. Do not trade during this time period. Verified with my own money.
12. Perceive profits as usual, and losses as tuition fees.
13. The market is always right. No need to argue with him, and predict the movement for a long period of time. It can suggest the highest probability of price movement in one direction or another, based on current situation and past prices. Need to trade what you see now despite on their beliefs that the price is bound to rise or fall. The market behaves as it should, and the price takes into account all the information and events that we may not know about.
Another opinion of one experienced trader (under the nickname Kir):
- Flexibility of opinion. That is, of course, there is some kind of plan regarding the price movement, but you should never be ashamed of being wrong, and in a timely manner, abandon your thoughts and actions until the market further aggravates the situation.
- On the anything can happen in the market. You can't even be sure that the market will open the next day. Everything happens in this life, and the risks must be kept under strict control.
- I trade using 3 timeframes. On the older one, I look at the main price dynamics, and make a decision in which direction I will trade that day. On the middle frame, I monitor formations that can break the main movement on the high frame and cancel my plans. With the help of a lower frame, I make deals. This helps to enter pointwise. Often I can use the minute chart for entry to get best point to login with minimal risk. Therefore, I always know what I will do at the moment.
- Directional trading prevents overtrading and, as a result, tilt. Therefore, I practically do not trade reverses. I can roll over only if the formation and the trend of the main movement are broken (I monitor it on the middle timeframe). As a rule, true breakouts or bounces come with good momentum that does not overlap.
- In most cases, I try not to transfer overnights / overwicks. I can move positions through the night only if the price has gone far from the entry point.
- I absolutely do not use market statistics in terms of predicting price movements. I use only the data release time to know when there will be activity.
- I try to trade every day and don't be selective trading days . Those. I don’t have such a concept that “Today I’ll just watch the market, because. the day is likely to be sluggish.” I never know what will be on the market. And, from experience, I remember a sufficient number of cases when, according to expectations, a seemingly “calm day” passed in a stormy directed movement. It is a big mistake for directional trading to miss such days.
- Better to trade intraday, because a trader on an intraday learns much faster because he passes through himself many times more trading situations than those traders who trade in the medium or long term.
- I am completely absent from the vocabulary of a trader, in relation to the market, the word "Must". Like “The gap should close”, “The market should… the price should…”. Also, I never try to think out the picture of the market. Because there is a possibility of falling into the trap of your expectations. I analyze and make decisions only on the basis of the instrument that I trade. It is not uncommon for instruments that seem to go together, at one fine moment, can go apart. I don't watch news channels, I don't listen to analysts and forecasters.
slowly moving away from the festive fuss. And it's time for me, its author, to get back to work. I decided the other day to put things in order in my Talmuds, in which I wrote down (and printed out) smart thoughts. I must tell you that a lot of these Talmuds with clever thoughts have accumulated over 10 years. And looking at all these records, I asked myself a banal question - Serezha, if you are so smart, why are you so poor? Joke of course! Firstly, I'm not so smart, and secondly, I'm not so poor. As they say, you can not anger the Lord God! Especially on Christmas Eve!
So. I was going through my notes and came across interviews with 18 of the most successful traders. Then you will laugh - the interviews were published in 1996! At the end of each, the pros gave advice to novice traders. The paradox is that even after 18 years (oh, what a coincidence: 18 tips and 18 years), these tips remain relevant. This once again confirms the axiom that even time has no power over smart thoughts.
Among these successful traders at the end of 1996 were such famous personalities as Tom Demark and Larry Williams. And online trading was just getting started…
Tip #5 Read more and experiment. But at the same time, do not take up trading without making sure that you are well prepared and your trading technique is objective and works. Your trading should be like for any market situation.
Tip #6 Trade small position sizes and little by little until you understand what you are doing and why. Before increasing the lot size, learn how to use all available methods and tools for trading. Follow the methods of those people who have become successful in this business. Limit your risk per trade. If you can do it longer, you will definitely succeed.
Tip number 7. Don't have unrealistic expectations about quick success and making money. Take your time, just do your job well every day - that's the key to your success in the long run.
Tip #8 There are three important things in becoming a trader. First: You can't listen to other people's advice all the time. Second: not on the market simple ways. No one has found the Holy Grail. Persistence and hard work are the two ingredients that make a beginner trader a professional trader. And third - trade with pleasure.
Tip #9 Learn to read price action charts. The charts themselves will tell you where the price will move. Applied to stock markets- never listen to the advice of a broker. Because you have enough brains to make independent decisions. The success factor in trading (oddly enough) is greed. If you have a huge and irresistible desire to achieve your goals, then you will succeed.
Tip number 10. The key to success in the market is. You can achieve this control by having a clear understanding of the behavior of the market, a clear plan of action when opening a position, and knowing what risks you can afford.
Tip number 11. Forget expensive computer programs. Be frugal. Read more. Education is the first and indispensable thing. The second important thing to save money is to keep trading costs (spread and commission) as low as possible. Focus on long term deals. How less money in your account, the less money you should allocate for scalping.
Tip number 12. Don't try to cover everything at once. For many, the difficult moment is the choice of what time frame to trade, in which markets, to trade with the trend or countertrend. Everything is impossible to cover. Therefore, you must say to yourself - I will only deal with one type of trade. And only having mastered one type of trading to perfection, you can add other types to your arsenal. A lot of time is spent on boring, painstaking work. You just need to be patient and have faith that all the seeds you sow will give excellent shoots.
Tip number 13. Distinctive feature character successful trader– the exceptional power of concentration to understand the markets. As well as the willingness to devote a lot of time to studying the tools and approaches to the markets in which he trades.
Tip #14 To become successful in stock trading you need to have strong nerves. Strong nerves are needed in order to have the courage to admit that you were wrong in the event of a mistake. And close the losses in time, without bringing the deal to a fatal catastrophe.
Tip #15 To achieve success, it is very important that a person has discipline, perseverance and courage. It takes willpower to take action when it's time to open a position and all the signals are telling you to act. Every novice trader will make mistakes, experience excitement and fear. But these are all components of the stages of learning, and you need to go through them. Every day is a new day. And it will always be new. And every day you have to work to develop your skills and abilities. But at the same time, if you give too much time to the market, then you will not be enough for other important things in life. And in the end, you will not be able to succeed either in the market or in life.
Tip #16 Be prepared for difficulties. The novice trader jumps into . And in order to survive, you need good protection and big sharp teeth. The ingredients for success are resilience and endurance.
Tip #17 In order to constantly earn money, it is necessary to keep statistics of macroeconomic indicators (saying plain language, keep track of the news - approx. S.E.). Understanding what is happening economic processes will give you confidence that you are on the right side of the market and always ahead of everyone else.
Tip #18 The most successful in the market are those who have learned more than others. Spend time and money studying. Education costs less than your mistakes and losses in this business. Learn to manage money. And having set a goal for yourself, do not miss the decisive step that needs to be taken.
And finally, I want to quote the words of Larry Williams, with which he ended his interview: “Looking back, I can say that this is a difficult lifestyle. It’s very burdensome, but I wouldn’t trade it for anything!”
As you can see, dear readers, some tips for novice traders are repeated from different people. Some may or may not be accepted. But in each of these tips there is a rational grain. And the mere fact that people who gave interviews back in 1996 were successful deserves respect for their opinion.
On the eve of the bright holiday of Christmas, I would like to wish you every success in our difficult work. Take care of yourself and your loved ones! You will succeed! Until we meet again on my pages.
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According to experts, in 2018 the value of many cryptocurrencies may double, and the demand for them will increase several times. So, according to a recent study by the venture capital company Blockchain Capital, about 30% of millennials aged 18 to 34 are more likely to invest in bitcoin than in traditional ones. securities. If you are among the potential investors in crypto, then we advise you to read the 50 tips shared by trader Chris Dunn, who has been investing in cryptocurrencies for the past five years.
Everyone considers themselves a genius in a bull market. However, real traders not only survive, but also thrive in bear market conditions and high volatility in cryptocurrencies.
Don't be a blind bull. ALL markets are cyclical. Do not be afraid of pullbacks and market crashes - at these moments you can get the most profit.
There is a huge difference between trading and investing in cryptocurrencies.
Completely think through your trading plan before you enter the game.
Entry points are certainly important, but risk management and in cash- this is where you will lose or earn the biggest profit.
Beware of gurus and experts offering instant money schemes.
Make a plan and follow it, ignoring the rest of the noise.
Do not assume that if you managed to make a lot of money in crypto, then you can just as well go to others financial markets. Over 95% of traders stock exchanges LOSE money. Believe me, this is a contractual game and it is being manipulated. Stick to what works for you.
The best way to lead intraday trading cryptocurrencies - ITS NOT!
The best way to make money in any market is to invest early in projects that you think have great potential and before the general population realizes it. Invest knowing that you can lose 100% of your capital. Such an investor is called a business angel.
The market is not under your control. The only things you can control are the entry and exit points and the volume of trades.
One player in the market can completely break "great technical analysis".
Don't blindly follow signals, especially if they come from people you don't know. in social networks or messengers.
All financial network marketing projects are pyramid schemes, period.
If you've made a huge life-changing amount of money, do NOTHING for the next 30 days.
Trading is not about entering at the low, but exiting at the high, but to catch the right direction of the trend.
Don't turn a small trading loss into a huge investment loss.
Don't set daily profitability targets, rather focus on long-term performance in achieving your goals.
First understand how to survive, and only then - how to succeed.
The best indicators in charts are price movement and volume. You can use others, but there is no guarantee that they will make you a more successful trader.
Trends can go far beyond what seems rational.
Don't try to find the market high. Until the market shows you that the trend is over.
Do not trade in anticipation of big and important news - it is impossible to predict the reaction of the market.
In most cases, the key issue for a trader is his or her ego, or the need to always be right.
You can lose half of your investment and still make a profit if you manage your risks properly.
The best entrepreneurs and leaders usually make poor traders and investors.
The people with the highest propensity to invest successfully tend to be in high-risk occupations such as piloting, firefighting, or police.
Beware of bands like the plague they are.
You MUST step on all the rakes. Don't judge yourself harshly when this happens, but try not to repeat your mistakes again.
Do not treat crypto exchanges like banks where you have an account. You will not be a coin holder until you have a private key.
The crypto market operates 24 hours a day, seven days a week, 365 days a year. It's impossible to catch every trend, so if you miss one, don't worry, there will ALWAYS be another.
Do not invest in a coin that you have not studied thoroughly.
You can seize the moment and make money trading Shitcoin ( A coin that has a low capitalization and unclear prospects. -DeCenter), but it is not worth investing in it in the long term.
Beware of coins with low trading volume and market capitalization. They are easy to manipulate.
Don't trade with the money you need to live. It's called "speculative capital" for a reason.
Pretend you're a hunter - save your ammo for the big game.
With very high volatility in cryptocurrencies, many exchanges fall, especially if the price reaches a certain milestone, so it makes sense to place buy orders EARLY.
Trading and investing will make you feel fear, greed, insecurity and doubt.
The hardest thing about trading is doing nothing. However, in some cases this is the surest step.
Just because the market is in a "bubble" does not mean that it will die. Bitcoin, for example, went through half a dozen big bubbles and rose in price each time.
Manage your trades so that you have no regrets, no matter how the market behaves.
Get used to thinking like a nihilist and an opposite investor. If you are one of those who constantly needs to prove their point of view and get the approval of others, then investing and trading is not for you.
The smaller the timeframe of a chart, the less reliable its charts are. The larger the timeframe, the more variables affect the price movement and the more difficult it is to predict its value. Personally, I prefer the daily chart for trading setups and the hourly charts for entries.
Under some conditions, the markets provide an excellent opportunity to form many setups, but under other conditions, it is sometimes worth letting everything go on the brakes and completely move away from a certain market.
More than 90% of the quotes of all cryptocurrencies will eventually slide to zero. Keep this in mind when investing.
The psychological aspect of trading is the most difficult to master, this skill is not appreciated by anyone, but it will play a key role in big wins and losses.
The three key problems that traders face are over-trading, pre-entry hesitation, and early exits before reaching their goals.
You can earn a decent amount of money in a single trade or in a year of diligent trading. Don't expect every day to end on a positive note. Play the long game, be patient and wait for better days.
Do not trust anyone in trading except yourself. Manage your investments yourself even at high risks or don't participate at all.
Take all news as such - just news. Publications need views and high click-through rates. They do not care about your interests and they have no goal to help you earn.