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Introduction to Active Trading (Crypto, Stocks, Forex)

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Today I'm going to give you an introduction to active trading, whether it's Crypto, Forex, Commodities, or Stocks.
I'm bringing this topic up because the market has been quite shaky lately. I'm actively trading, yield farming, and also investing in some projects.

Even if you don't want to do trading as a full-time job, I personally believe that it's quite useful to know about this subject because the risk to reward is great.
I'm going to give you some very basic principles that are hopefully going to be helpful in your wealth-building journey.

If you're a day trader you certainly like market volatility because this is how you profit. Choosing the right entry is 80% of success. As you probably already know the principle is ''don't tell me what to buy, tell me when to buy''.
If you enter an investment at the right time, it's very easy to make money.

The trend is your friend when it comes to trading. If you go against trends it can be extremely risky. That's why it's good to buy in an uptrend.

It's good to buy in when the asset is oversold. It's also a good strategy to buy technical breakouts.
The crucial thing here is to do careful monitoring of your positions.

Price movements tend to follow certain patterns until they don't anymore and it's time to look for new patterns. This is something to watch for.

There are also technical indicators to look for: RSI (relative strength indicator), mac D, Doji candles.

Never try to catch a falling knife, is a good philosophy to use in trading.

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Видео Introduction to Active Trading (Crypto, Stocks, Forex) канала Offshore Citizen
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10 июня 2021 г. 16:30:14
00:17:38
Яндекс.Метрика