In my previous post I wrote about why many people lose. Here I will talk give out some technical nugget to stay ahead in the forex and Crypto space.
1. Nature of market:
Alot of people don't know this but you have to understand that the market have a nature or character. This nature is seen in the difference cycles which the market presents in the form of impulsive move and corrective move. For instance, at the beginning of the bull run BTC market moved impulsively, and now the market it is correcting.
I will stop here today.
2. Build a strategy based on the nature of the market:
If you understand that the market moves in cycles, then as an investor you have to employ your patience to wait for the end of the correction before you buy an asset that way you can capitalize on the next impulsive move to make profit.
That is the strategy you build a strategy that allows you to buy low and sell high
3.Test your Strategy:
Now if you know your Strategy, you have to test it with little funds or demo as the case maybe. When you have mastered the strategy then you can go all out.
A good strategy is one with an accuracy level of atleast 50%
Note: if you have questions or comment kindly but it in the comment section and I will make a post about it.