A Number Of Strategies For Beginners In Forex and Crypto Trading Markets

A number of strategies to help beginners in forex and crypto trading

When you wake up in the morning … Check out the news, the time …and the place your trade.

1. Identify the direction of the market – use daily timeframe..

2. Mark key levels ..use 4hr timeframe

3…Identify the phase of the market …retracing or continuation…

Place trades inline with the trend …place stop loss below key levels after confirmation of trend contiñuation …place take profit at the next key levels ..

4. Plan your lot size so as stop loss doesn’t exceed 1%of your account balance ..

Exit trade 10 mins to news wether in profits or loss.

Don’t be greedy, follow your rules.

Don’t be anxious, reduce your risk.

Don’t be scared, think in probabilities.

Don’t be angry, there’s always another opportunity.

When it comes to leverage…..

It all boils down to one thing.

SKILL.

Without good debt you can’t become a millionaire.

You must learn how to leverage debt.

Debt in this case is leverage.

To use leverage in the correct way, you must have the proper mental and technical edge.

So for beginners go for low leverage, that is 1:10 and below.

Investments are a necessity , making them early is important.

But what’s better is having a company that guarantees minimum risk of losing.

And then you have this platform that helps beginners

XM Capital

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If you understand what you are doing then 1:100 can be a great start.

Phycology is what traders need to work on.

Almost every strategy works.

If you think I’m lying test 10 different strategies on a forex simulator you will always end up in profits.

The problem is the market is designed to make us become to emotional and we lose control.

If you can’t master your emotions, instead of you keep on depositing and losing, just save money and automate ur strategy forget what any educators says and do what works for you all they really care about is money.

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If anyone really had a perfect system they will not share it with everyone.

They would first share it with their family and they would be busy making millions without giving out their strategy.

Or they may help a few people for free, if their good.

So just master a proven strategy and work on your phycology or automate it.

This is the best advice for beginners.

People Who Don’t Use Stop Loss
Eventually, Stop Trading

A single well planned trade gets you much farther than a dozen thoughtless gambles.

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Unfortunately to make money in this business will require that you get your mind off the money.

Yep.

Often traders will find out this too late.

Thinking about making money too much puts in a desperate angle as a trader.

Hence, rather than treating trading as a serious business you treat it as a get rich quick business.

How to treat trading as a business.

-Write down your plan.

A plan has the psychological aspect, the risk management aspect as well the technical aspect.

-Journal everyday.

IN THIS BUSINESS ALWAYS BE WILLING TO THINK OUTSIDE THE BOX.

Another start for new candlestick enthusiasts.

A PINBAR stands out for its ability to highlight key market junctures.

1.We buy at market TROUGHS and sell at PEAKS. (Hopefully)

Pin bars effectively encapsulate these pivotal points, showcasing the peaks (via their upper wicks) and troughs (through lower wicks) of market movements.

2. SHAVEN pin bars, indicate even stronger momentum in price shifts.

These pin bars can signal an upward (bullish) or downward (bearish) market trajectory, granting you valuable insights.

3. Candlesticks are a SUMMERY of market structure, with pin bars revealing peaks and troughs.

The buying and selling of currency pairs often align with these market extremes.

Whether you’re trading your own account or a funded account, DON’T INCREASE LOT SIZE beyond 2% of the total amount.

If you want to keep your account and grow it, maintain discipline and never let greed take advantage of you.

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As a beginner use these different strategies to make and keep your money as a beginner in Crypto and Forex Trading Markets.