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Most beginners resort to scalping as they think it's an easy way to make profits over small price movements. However, scalping can be very exhaustive and risky as well. The small time price fluctuation might result in a loss if the trader does not know proper risk management, or, it will not be...

I made many mistakes including: 1. Failing to understand the risks involved in trading cryptocurrencies. 2. Mistaking digital tokens for real world assets. 3. Not having a solid understanding of cryptocurrency concepts and technology. 4. Over-believing in the potential of cryptocurrencies and...

I don’t believe that. It is as easy as it is believed to be. I have used it a few times and everytime it turned out to be a loss. I recommend using this strategy only if you’re experienced.

Welcome here, Acerarious. It's simple to obtain a directional indicator. It is best, however, to acquire more information and conduct trades manually. These indicators should not be trusted. This is a bad idea.

I enjoy the thrill that comes with trading. Dealing with risk and finding new methods to control risk. Some days, it can be tiresome, but on the overall, it's worth it.

Traders need to focus on building patience, maintaining discipline and sticking to a strong plan. There are many scammers and one can get easily distracted. So, they need to learn how to make consistent profit through experience in good times. Rushing towards earning is not the right way to...

There are many factors to consider when trading forex, but these three tips can help you get started on the right foot. 1. Be sure to develop a solid trading plan. This should include your entry and exit points, as well as your risk management strategy. 2.Don't get too caught up in the...

In my opinion, a profitable trader uses stop loss orders, risk management, and trading plans. They stay ahead of the curve with less risk and more profits. Great tips!

Hello! It is a great decision my friend. Welcome to the community.

There are some reasons for this! - It could be that you're not cut out for trading, or that you're not following a solid strategy. - It could also be that you're not managing your money properly, or that you're letting your emotions get in the way of your trading. Whatever the reason, if you...

You can prefer using the below strategy. This works for me well! 1. first of all, overlay the bitcoin chart with the Ethereum chart and the OBV indicator 2. look for smart money divergence between bitcoin price and Ethereum 3. look for the OVB to increase in the direction of the trend 4. Place a...

The order will regard cryptocurrency as a national security risk. The White House is taking a firm stance on DeFi. Cryptocurrencies have gained significant acceptance across the financial world. Many regulators have been seeking ways to govern the assets in their different nations as a result of...

Imo, profits depend on the number of winning trades and being consistent.

One profitable Forex trading strategy is called "scalping," and it entails capitalising on little price changes. It is not clear why this is the case, but the approach is commonly associated with making tiny trades. I use this strategy in my trading.

All I can do at the moment is hope that it doesn’t go any further down because if it does, I have no idea what I am going to do next.

I can’t say much about bitcoin at the moment. But if it fails, it will fail several traders who have their life savings in it. So, I am just keeping my fingers crossed and not taking any risks for no reason.

Though bitcoin and ethereum are like staples for every crypto trader, Cardano also seems to be a great option at the moment.

Not sure if many traders are even putting their money in it. As Elon Musk is not talking much about it, his followers may have moved to bitcoin.