To trade better, consider the following tips as a beginner in Crypto Currencies and Forex Trading.
(1) Identify key levels of support and resistance based on price action, chart patterns and trend lines.
(2) Wait for confirmation of a break or bounce at a support or resistance level before entering a trade.
(3) Consider the context of the market, such as recent price action and overall trend, when determining the likelihood of a level holding or breaking.
(4) Look for confluence of multiple levels of support or resistance to further confirm its significance.
(5) Use other technical indicators to validate the strength of a support or resistance level.
(6) Use stop-loss orders to limit potential losses if a level fails to hold.
(7) Consider adjusting your trade management strategies, such as profit-taking, when approaching key levels of support or resistance.
(8) Continuously monitor the market and adjust your levels of support and resistance as necessary.
I saw a post about some one saying 6 years of trading and someone is till blowing an account that he should given up.
See even if you trade for 100 years or more than that it doesn’t change the fact that you won’t be served breakfast by the market one day.
The market does respect or fear anybodyβ οΈ.
πDo you know that even the mentor that tought you also blows their accounts π€.
See, forex and crypto are sometimes very funny stuff.
Most of the rich traders out there aren’t rich because the know the market much better than others but because the haveππππππ
1 TRADING PLANSβ
2 FEW PAIRS dey tradeβ
3THE HAVE ENOUGH CAPITAL.β
4 THE KNOW THE THEIR RISK TO REWARDβ
So even if you blow your account so many times it doesn’t matter.
But what does matters is make sure you win a bigger amount than your losses.
And this can only happen if you have a good trading plan.
What I tell my fellow traders is never give up, one successful trading week, month or year can change your life forever π
You must first have an account to take advantage of Bitcoin
For information on how and where to open the most profitable crypto account the easy way
https://www.binance.com/en/activity/referral-entry/CPA?fromActivityPage=true&ref=CPA_00R9LJ2LDW
I’d rather try to modify one strategy a hundred times than trying out ahundred strategies.
Exness is by your side with every trade, asset and management
β
The best broker for small investors
β
Easy Registration take 5 minutes
β
Crypto are open 7/24 hours
β
Support 7/24
β
Fast withdrawal / deposit
β
Low Spread
BROKER ARE TRUSTED 100%
https://one.exness-track.com/a/c_7hfrg0krwc
A loop hole is not a failure…… πππ―
XM Capital is a reliable manager that can guide you, educate you and teach you on how to start earning huge profit from crypto trading, join his platform today to start earning.
I’m earning huge weekly π― πππ
XM Capital
For forex trading at
https://clicks.pipaffiliates.com/c?c=676250&l=en&p=0
Forex is the EPL, the NFL, the NBA, the Formula 1 of business all wrapped in one.
There’s no athlete competing in the big leagues who claims they didn’t have a bumpy ride getting there.
Even star traders had their off days.
Ruminate about that every morning before you open your charts as a beginner in Crypto Currencies and Forex Trading.