dr4ch3
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18 GoodAbout dr4ch3
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I dont trade in eth market, but I think all market work the same way, if you can make profit in btc market, you also can make profit in other market. Maybe only the volume and volatility a little bit different.
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Good strategy to start, I guess it calls averaging, so we will have lower entry price.
- 66 replies
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In crypto I prefer long term, less risk, like stock in long term most prabably in profit.
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Another important thing in my opinion is to set SL, we need to cut our loss if the trade goes against us, dont hope that the market will reserve one day. Just close the trade with loss, so we can focus in looking for another opportunity to make profit.
- 147 replies
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- cryptoworld
- trading
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As tipp, you actually dont need to monitor it all day long, you can set sell order at the price you want with acceptable profit.
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Dont afraid to make mistake, learn from the mistake, and keep improving our skill, one day will be success in trading. Never give up.
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Agreed, risk management is really important, it helps to protect our account from total loss.
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It is biggest mistake, to invest in something you dont know about.
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Thats why risk management is very important. Dont risk to much in one trade, only 1-2% of your capital.
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I am interesting in learning more about scalping. Can you give me some tips, like what strategy you use, which indicators, or maybe book or youtube that you can recommend? Thank you in advance.
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Very true, I experience it myself. Better focus only on couple pairs, I would say max 4 pairs.
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Very good input, thank you.
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Very well said, patience is very important in trading, we need to have patience to wait for the optimal entry, it increases our chance to make profit.
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How is BTC/USD forex trading different from BTC/USD crypto trading?
dr4ch3 replied to wilbertson's topic in Forex Trading
I think the main different is, that in forex you didnt really buy btc, you just bet the price down/up. In crypto market like yobit, if you buy btc, you will own btc, and you can transfer it to your own wallet.