While I have been in this industry for a long time. I believe there is always something to improve on. Suggest 3 topics every trader needs to understand to the core to be exceptionally good. #BTC500K #BinanceTournament #EDUChain
NOT Coin have settled in at a good support region and have shown very good potential for a buy position that promises up to 50% or more profit #NOT🔥🔥🔥 #Notcoinnews #BTC #CryptoTradingGuide Disclaimer!! Not a financial advice. Traders must learn to bear the responsibility of their actions.
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.
One of the major reasons why many people lose in the crypto space is because, they are obsessed about the bull run. No one asks when the major retracement or reversal will happens. Hence, many buy with the mindset that the market will keep going to the moon. To play in this space, you need a strategy and a healthy mindset #altcoins #bitcoin #BTC #altcoins