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Jone20

Develop your trading strategy

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Some beginner traders started trading without getting enough knowledge about the currency pair they chose and how currencies are affected by events and how to plan in order to benefit from the price movement. You should monitor price movements in the market and determine trading patterns before risking your capital,
The trading strategy should include the following:
• Planning the trading process
• Determine the time of day that you plan to enter into a deal
Technical indicators that you intend to use
The buy / sell indicators you intend to use
• The risks and returns expected in each transaction
• Establish a daily limit to stop trading to protect total capital
 The most successful traders do not think of profits while trading. Rather, experienced traders focus on the trading process rather than worrying about the amount they can earn or lose in a deal.

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Yes, it is definitely important to take a trading strategy and develop it. The most successful trading strategies can be multiple methods and shapes according to different markets and goals, so that you can choose from the trading strategies available to you according to your desired goals.

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Of course every trader must develop the strategy that he knows, because every trader has his own trading style, sometimes applying the strategy in its entirety does not work at all times. 


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24 minutes ago, Jone20 said:

 

Some beginner traders started trading without getting enough knowledge about the currency pair they chose and how currencies are affected by events and how to plan in order to benefit from the price movement. You should monitor price movements in the market and determine trading patterns before risking your capital,
The trading strategy should include the following:
• Planning the trading process
• Determine the time of day that you plan to enter into a deal
Technical indicators that you intend to use
The buy / sell indicators you intend to use
• The risks and returns expected in each transaction
• Establish a daily limit to stop trading to protect total capital
 The most successful traders do not think of profits while trading. Rather, experienced traders focus on the trading process rather than worrying about the amount they can earn or lose in a deal.

What a great article you wrote here I really it will actually help me with daily trading issues it will help me a great deal now that I am actually facing some challenges with my trading features

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1 hour ago, talo122 said:

Of course every trader must develop the strategy that he knows, because every trader has his own trading style, sometimes applying the strategy in its entirety does not work at all times. 

Many people believe that the markets are random, and therefore prefer to trade according to their own intuition. Sometimes, you may be able to make a big profit in a trade depending on your intuition only. However, this is only a stroke of luck. There is no guarantee that you will be able to repeat it.

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In order to improve our cryptocurriencies trading strategies we should be needed to use our mostly of the time to practicing with demo trading

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Trading strategy must always be developed because having a successful and effective trading strategy helps you navigate the cryptocurrency markets and can significantly improve trading performance and decision-making over time. 

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You may find many different trading strategies online. But before using any of them in real trading, test it in the demo account. You have reasonable expectations, some trading strategies are better than others, but none of them provide you with a good profit.

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You should make your business strategy and do that for your personal information and guidance but if you get success then it will pay for future investment and doing the crytocurrency.

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In order to perform amazingly in the currency trading, the trader must have a plan and strategy to exert more effort and time and have competitive advantages against other traders in the trading market.

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Various trading strategies, can include everything from analyzing news announcements or the fundamentals of a company, and identifying statistical anomalies using historical data. 

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On 1/23/2020 at 3:36 PM, Jone20 said:

The most successful traders do not think of profits while trading. Rather, experienced traders focus on the trading process rather than worrying about the amount they can earn or lose in a deal.

This is easy to say but difficult to do. It takes years of practice to master trading skills and it takes even longer for people who can't control their passions.

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yes indeed 

the greed is not a good thing while trading

it's gonna cause a lot of loses

for a begginer the right thing to do is to start with a small capital

just to gain some experience first 

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You should add PROFIT GOAL in that list, this is very important since greediness strike when you least expected. But when you have a set goal for your profit this will limit your greediness and force you to stop trading when the goal is met.


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.Maybe my strategy is a little different, I really focus more on profit and that's what makes me more concentrated when monitoring the crypto cap market chart.  Gets profit to avoid risk

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Yes it is belive that tradershould invest when he know about trading skills. He know about investing way in the tarding he would be acknowledge about every coin s rate and know about usd price of each coins. Make strategy its depend upon ur knowledge.

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7 hours ago, jaromz said:

Trading strategy always appeared into our mistakes in trading, with that we can strengthen and mould our tactics while we do the actual trade in the platform. In short, mistakes push us to learn from it. 

Having a successful and effective trading strategy that helps you navigate the financial markets can significantly improve trading performance and decision-making over time, so a strategy must be developed that works for you.

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When you are trading,you should have a proper strategy which will lead you to success.always use your strategy so that you can get ultimate result from trading.

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You must produce an investing method because if you merely business at random without out great deal of thought an individual will likely drop greater than an individual makes. Thus take the time and also produce an excellent method.

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In my opinion here is some suggestions Step 1: Implement your marketing philosophy. ... Step 2: Choose a market that matches your trading strategy. ... Step 3: Select a trade term. ... Step 4: Select a tool to determine the trend (or lack thereof). ... Step 5: Define an input trigger. ... Step 6: Plan your trigger.  

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Trading is the Best option for invest crypto currency because only in trading we can manage a huge profit and also it has very low risk for losing our asset online 

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Usually the most powerful and most successful trading strategies are used to simplify the process of analyzing information by creating a set of rules, or methodology, for making trading decisions.

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9 hours ago, Nakamoto said:

This is easy to say but difficult to do. It takes years of practice to master trading skills and it takes even longer for people who can't control their passions.

Experienced traders rely on accurate and tight trading strategies. They understand that although there are some fluctuations in exchange rates, these prices follow a certain pattern already. Therefore, a specific approach to trading is required.

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The strategy is a set of rules. It helps to avoid negative emotions with devastating effects during trading, if the trader adheres to his strategy completely.

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Components of a successful trading strategy may include a gradual process of checking basic news announcements, the market image and a view of the short term direction of the market. 

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