10 Jun 2024

Can a newbie start trading with demo or invest some fund?

Well it's a common query in mind of new person when they start trading. They search for it online and find that one answer "Start with demo account". Why? Because first you see the market for hours and analyze it technically, analyze the chart patterns candlestick etc.

After that you trade with 20% skill with no emotions, no discipline, no risk management and money management. By chance at that day or week/month the market is bullish. You gain 15-20% profit of that demo funds which is mostly 1000$ and boom. The trading is very easy 🤓. A new trader think what if i invest the real money and make real profit. Thay invest mostly all their savings and the market shift their structure from stairs to lift 😅. All the bulls become bear. That type of people name the trading as Gambling.

What's my opinion:

In my opinion it's ok to start with demo as long as you gain knowledge of technical analysis, price action, risk Management, money management, psychology, fundamentals, discipline, experience (2-3 years).

But a problem is that a newbie can't wait as long. They analyze the market one week with demo (no emotions) and start with real.

No 2:

In my opinion start with real money (10% of that you can afford to lose). For example if you are a millionaire, one lac is nothing for you 😁. Its affordable for you to lose. Start with the 10% of that one lac.

Note:

If you can't change the 100$ to 200$ then you can't change the 10000$ to 20000.

#Binance200M #altcoins #demotrading #BinanceSquareFamily #writetoearn

$BTC Hey Dears;

I am new here on Binance square but a couple of years (3-4) experience in trading.

Feel to share that info to avoid you from scammers

when i take my first step in trading and having zero knowledge in trading i saw a post on binance square which include;

That they will give away some usdt for free just by follow share and comment on their post. And condition for give away is to comment their binance Id. More id in comment more chance to win free usdt. And some innocent people do that second by second including me hahahah.

And that person hit 10k followers in just 2-3 hours. After that he deleted that giveaway post.

It's just to show you the mentality of people

Now after gaining some experience i am here to provide you proper knowledge of that industry.

If you are new in trading that Id is for you. Just follow for real stuff

My Aim;

To provide proper knowledge to newbies
Pros and cons of trading
Some spot signals
More More More

How to do money management in trading

For Low and High portfolio

In trading everything is compulsory like price action (technical analysis,candlestick and chart patterns etc), risk management, money management and much more.

Today my topic is money management

First of all in my opinion i prefer to do a spot trading which is mainly low risk and low reward trading.

If you have low portfolio like 100$. How to manage it in spot trading?

Let me show you

Divide your 100$ in three parts
Part 1 40% = 40$
Part 2 30% = 30$
Part 3 30% = 30$

Trade in your desire pair first with 40$ if market goes up (5-10%) book your profit of that 40$

But if market goes down (8-10%) you can invest 30$ more in that pair and remaining 30 more like that.

Hope you will get my point

Portfolio 500$

For 500$ there are two scenarios

Scenario 1
Divide it in 5 parts 500÷5 = 100$

Get 5 trade of 100$ as like i discuss above

Scenario 2

Divide it in 2 parts 500÷2 = 250$

Trade each 250$ on method as i mentioned above

40%+30%+30% of 250$

For 1000$ portfolio

Divide it in 10 parts or 2 parts or 4 parts

This money management trick is 99% profitable but time taking and need patience. Stick with it and enjoy

Its that simple

#Some Gaming coins that are ready to breakout and give you 5-10% profit in next 1-2 weeks.

It's just for short term and only trade it in spot. If breakout failed then you still have the option to DCA.

These are low cap gaming coins and technically these coins have a bullish structure.

Coins Name with M.cap

ERN/Usdt 76M
DAR/Usdt 94M
GHST/Usdt 107M

#GamingCoins #GamingTokens #GamingAnalytics

$ERN $DAR $GHST