TradingBasics
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We all need prophit, but only some get it a majority loses it. Because those who are ready to learn and improve their self are know what they want to do and when to do. Learning is they key to earn. So I have decided to share my expeirience with you all. Here are 20 trading tips to consider:
I have mentioned 1st 10 in this article and I will post about other 10 in next article. Follow me for more education related articles and signalsā¤ļø
1. Have a Trading Plan: Before you start trading, create a well-thought-out trading plan that outlines your goals, risk tolerance, and strategies.
2. Risk Management: Always use stop-loss orders to limit potential losses and only risk a small percentage of your capital on a single trade.
3. Diversify: Don't put all your money into one asset or trade. Diversify your portfolio to spread risk.
4. Stay Informed: Stay up-to-date with relevant news and events that could impact the markets you trade in.
5. Start Small: If you're new to trading, begin with a small amount of capital until you gain experience and confidence.
6. Use Technical Analysis: Learn to read charts and use technical indicators to make informed trading decisions.
7. Fundamental Analysis: Understand the fundamentals of the assets you're trading, such as company financials for stocks or economic indicators for currencies.
8. Cut Losses Early: If a trade is not going as planned, don't hesitate to cut your losses and move on.
9. Let Profits Run: When a trade is profitable, consider trailing stop-loss orders to maximize your gains.
10. Emotion Control: Keep emotions in check. Avoid making impulsive decisions driven by fear or greed.
Share your feedbacks with me. Do follow for moreā¤ļø
#write2earnšš¹ #write2earnš #Write2Earns #tradingbasics #TradingStrategiesš¼š°
We all need prophit, but only some get it a majority loses it. Because those who are ready to learn and improve their self are know what they want to do and when to do. Learning is they key to earn. So I have decided to share my expeirience with you all. Here are 20 trading tips to consider:
I have mentioned 1st 10 in this article and I will post about other 10 in next article. Follow me for more education related articles and signalsā¤ļø
1. Have a Trading Plan: Before you start trading, create a well-thought-out trading plan that outlines your goals, risk tolerance, and strategies.
2. Risk Management: Always use stop-loss orders to limit potential losses and only risk a small percentage of your capital on a single trade.
3. Diversify: Don't put all your money into one asset or trade. Diversify your portfolio to spread risk.
4. Stay Informed: Stay up-to-date with relevant news and events that could impact the markets you trade in.
5. Start Small: If you're new to trading, begin with a small amount of capital until you gain experience and confidence.
6. Use Technical Analysis: Learn to read charts and use technical indicators to make informed trading decisions.
7. Fundamental Analysis: Understand the fundamentals of the assets you're trading, such as company financials for stocks or economic indicators for currencies.
8. Cut Losses Early: If a trade is not going as planned, don't hesitate to cut your losses and move on.
9. Let Profits Run: When a trade is profitable, consider trailing stop-loss orders to maximize your gains.
10. Emotion Control: Keep emotions in check. Avoid making impulsive decisions driven by fear or greed.
Share your feedbacks with me. Do follow for moreā¤ļø
#write2earnšš¹ #write2earnš #Write2Earns #tradingbasics #TradingStrategiesš¼š°
Market is volatile right now. if you are new to trading my suggestion is to keep your money in FDUSD and use it for passive income like launchpools #BinanceLaunchpool $FDUSD $BNB #tradingbasics #BullorBear
How To grow your capital
1. Risk Minimum (very small not bigger then 0.5% of your capital ) and Reward big
risk reward ration must be (1::2) means if you are ready to loose 100$ then profit must be bigger then 200$
Target followers @ 50 followers
#Write2Earns #tradingbasics #riskreward
1. Risk Minimum (very small not bigger then 0.5% of your capital ) and Reward big
risk reward ration must be (1::2) means if you are ready to loose 100$ then profit must be bigger then 200$
Target followers @ 50 followers
#Write2Earns #tradingbasics #riskreward
Sometimes we get to learn things the wrong way.
A lot of traders don't even understand what ššØš¦šš§šš®š¦ and ššØš„ššš¢š„š¢šš² are.
Let's quickly brush that š
ā¤µļø š š¼šŗš²š»šššŗ
This simply refers to the speed at which the price of an asset changes with respect to time.
We have POSITIVE & NEGATIVE Momentum
Positive momentum simply means the price of an asset is generally rising showing buy pressure.
Negative momentum simply means the price of an asset is generally falling showing sell pressure
Momentum is used by traders to know the strength or weakness of a trend.
Some indicators used include RSI, MACD etc
ā¤µļø ššØš„ššš¢š„š¢šš²
This refers to the degree of variation of a trading price.
High volatility entails that the price of an asset changes rapidly by significant amounts and in a short period.
E.g Coin A is $8 now, moves to $30 5minutes later and after 1hr drops to $7
Low volatility
This simply means price changes or fluctuates gradually and by small amounts
Volatility is used by traders to know how quickly/sudden a price changes
E.g of Volatility Indicator is BollingerBand
Can you now differentiate between momentum & volatility?
If yes I'm glad you did.
Stay tuned for more insightful contents
#bitcoinhalving #BTC #tradingbasics
A lot of traders don't even understand what ššØš¦šš§šš®š¦ and ššØš„ššš¢š„š¢šš² are.
Let's quickly brush that š
ā¤µļø š š¼šŗš²š»šššŗ
This simply refers to the speed at which the price of an asset changes with respect to time.
We have POSITIVE & NEGATIVE Momentum
Positive momentum simply means the price of an asset is generally rising showing buy pressure.
Negative momentum simply means the price of an asset is generally falling showing sell pressure
Momentum is used by traders to know the strength or weakness of a trend.
Some indicators used include RSI, MACD etc
ā¤µļø ššØš„ššš¢š„š¢šš²
This refers to the degree of variation of a trading price.
High volatility entails that the price of an asset changes rapidly by significant amounts and in a short period.
E.g Coin A is $8 now, moves to $30 5minutes later and after 1hr drops to $7
Low volatility
This simply means price changes or fluctuates gradually and by small amounts
Volatility is used by traders to know how quickly/sudden a price changes
E.g of Volatility Indicator is BollingerBand
Can you now differentiate between momentum & volatility?
If yes I'm glad you did.
Stay tuned for more insightful contents
#bitcoinhalving #BTC #tradingbasics
What is Trading?
Trading is the act of buying and selling financial instruments, such as stocks, bonds, commodities, or currencies, with the goal of making a profit.
Key Trading Concepts
1. *Buy*: Purchasing a financial instrument with the expectation of selling it at a higher price.
2. *Sell*: Selling a financial instrument with the expectation of buying it back at a lower price.
3. *Market Order*: An order to buy or sell a financial instrument at the current market price.
4. *Limit Order*: An order to buy or sell a financial instrument at a specific price.
5. *Stop-Loss Order*: An order to sell a financial instrument when it falls to a certain price to limit losses.
Trading Strategies
1. *Day Trading*: Buying and selling financial instruments within a single trading day.
2. *Swing Trading*: Holding financial instruments for a shorter period, typically a few days or weeks.
3. *Position Trading*: Holding financial instruments for a longer period, typically months or years.
Risk Management
1. *Risk-Reward Ratio*: The potential profit versus the potential loss of a trade.
2. *Stop-Loss*: A price level at which to sell a financial instrument to limit losses.
3. *Position Sizing*: The amount of capital allocated to a trade.
#Trading Psychology
1. *Emotional Control*: Managing emotions, such as fear and greed, to make rational trading decisions.
2. *Discipline*: Sticking to a trading plan and avoiding impulsive decisions.
3. *Patience*: Waiting for trading opportunities and avoiding over-trading.
#TradingShot #Tradingwithmind #tradingbasics #BinanceListsACXandORCA #ETHCrosses4K $BTC $BNB $SOL
Trading is the act of buying and selling financial instruments, such as stocks, bonds, commodities, or currencies, with the goal of making a profit.
Key Trading Concepts
1. *Buy*: Purchasing a financial instrument with the expectation of selling it at a higher price.
2. *Sell*: Selling a financial instrument with the expectation of buying it back at a lower price.
3. *Market Order*: An order to buy or sell a financial instrument at the current market price.
4. *Limit Order*: An order to buy or sell a financial instrument at a specific price.
5. *Stop-Loss Order*: An order to sell a financial instrument when it falls to a certain price to limit losses.
Trading Strategies
1. *Day Trading*: Buying and selling financial instruments within a single trading day.
2. *Swing Trading*: Holding financial instruments for a shorter period, typically a few days or weeks.
3. *Position Trading*: Holding financial instruments for a longer period, typically months or years.
Risk Management
1. *Risk-Reward Ratio*: The potential profit versus the potential loss of a trade.
2. *Stop-Loss*: A price level at which to sell a financial instrument to limit losses.
3. *Position Sizing*: The amount of capital allocated to a trade.
#Trading Psychology
1. *Emotional Control*: Managing emotions, such as fear and greed, to make rational trading decisions.
2. *Discipline*: Sticking to a trading plan and avoiding impulsive decisions.
3. *Patience*: Waiting for trading opportunities and avoiding over-trading.
#TradingShot #Tradingwithmind #tradingbasics #BinanceListsACXandORCA #ETHCrosses4K $BTC $BNB $SOL