WHAT ARE THE BEST TECHNICS TO LEARN ( TO TRADE CRYPTO CURRENCIES AND FOREX )

How To Set Proper Profit Targets as a beginner in Crypto Currencies and Forex Trading Markets:

It’s always very funny whenever I hear someone says “You must have a minimum of 1:2 risk-reward ratio if you want to be a profitable trader.”

Now let me ask you…What’s so special about having a 1:2 risk-reward ratio?

Why not have a 1:10? Or even a 1:100?

So here’s the truth…The market doesn’t care about your risk-reward ratio—it goes where it wants to go.

The only thing you can do is, observe what the market has done previously, and use it as a clue to where it might go in the future.

For example:

If the market previously collapsed at $100, then the next time it approaches $100, there’s a possibility of selling pressure coming in at that level.

As a swing trader, you don’t want to set your target at $105, $100, or $110 because the market might not get to that level due to selling pressure.

Instead, you want to exit your trade before opposing pressure steps in which is before $100 (around $99 or so).

This means if you’re in a long trade, you’ll want to exit your trade before:

• Swing high
• Resistance
• Downward trendline

And it’s just the opposite for a short trade.

How do you set yours?

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Order blocks,order blocks.

Awww ,I’m falling in love with Order blocks.

I have started learning orderblocks just last week and I think it’s the best strategy I have come across.

4 RULES

1.) It must break a channel

2) it must break a market structure with aggressiveness

3) When going back to order block it must flow smoothly, it shouldn’t go back in a jerky manner.

😂( you can take that trade back to the order block but personally, I choose not to)

4) Price must retest the orderblocks, then boommm……after confirmation, you enter the trade

Any order block trader,please tell me I’m not dreaming here, because this put you in the profit margin.

😁

Those who where asking about REJECTIONBLOCK

THESE are REJECTION BLOCKS in simple terms they are simply head and shoulders on your Trading pattern…..

For a valid REJECTION BLOCK we need it to have at least 2 and above candles running below or above and it must have imbalance, especially if this is an M5 entry right … this pattern looks easy, but it’s difficult because for an invalid REJECTION BLOCK on M5 which is in the time frame, youou need to know the Makert order flow and whether this is the Makert at a right stop.

On a higher time frame, it takes time to master this, but if you Google more about it, you will get there.

🙏🏾🙏🏾🙏🏾 thanks

NB THIS IS JUST THE LIGHT VERSION, IT TAKES MORE TO MASTER THIS

Keep learning and practicing.

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Been going through net losses for 2years until ICT revelations!

As a beginner trader, you need to understand that you’re first of all by default on the loosing side because you are yet to have sufficient experiential knowledge.

Hence, try to protect your equity by the following (from personal experience):

1. Find the smallest deposit account (cents or micro) and stick to depositing only that minimum at any instance (Could be as lows as 2$ or less)

2. Practice Trading this account with the lowest lot size 0.01 until you successfully triple it.

3. On lower time frames (1H and 15M), Pay attention to any relative equal highs formed (double tops, M formations) and relative equal lows (double bottom W formations), especially when price trades away from them immediately they form because that is usually your short term liquidity (directional bias)… algorithm will almost always return to sweep those relative equal levels.

4. Also pay attention to FVGs and Orderblocks especially when price seem to running towards them because, they almost always end up trading into or through them.

5. When you have a bias, always anticipate and wait for the false move in the opposite direction (Judas swing, liquidity grabs, turtle soup setups, etc) and then counter it if it runs through some recent swing and immediately rebounds aggressively away.

6. Learn to wait for a buy when price is trading close to an old low, or a sell when price is trading close to an old high. Never buy high or sell low!

7. SL should go below or above significant 15M or 1H swing lows or swing Highs respectively, and once in place, don’t move it unless to break-even a favourable trade.

8. When you catch a good setup that trade in your favor, trail your SL to break-even and try giving it two days to run.

9. If a seemingly strong setup fails, try reanalyzing your bias in the opposite sense.

10. Never enter a trade immediately price makes an aggressive one candle run (chasing price), it can easily turn into a buy high or sell low error, an equally aggressive retracement could ruin your mood or worse blow your equity.

We will get better as Beginners in Crypto Currencies and Forex Trading.