Post
Topic
Board Trading Discussion
Re: It can be useful
by
Omega Weapon
on 06/12/2018, 01:50:33 UTC
for me it's difficult to apply, I don't really understand various trading terms. for me trading is an art that prioritizes instinct and experience. that's all for me very helpful

You are actually right on this that Trading is not that easy to get the catch of it. Even the old traders here up to now they didn't understand well and don't know the technique of how to use it correctly, especially if you had no idea to read the chart in the platform you are using it, particular when traders are taking action when the price is moving. So, I agreed that if you know how to read the candle stick it will really give us a way for us to earn in trading.
Trading is extremely difficult and it becomes even more difficult when trying to trade bitcoin or any other cryptocurrency because the variations in the price are incredible, in the stock market to see a change in the price of 5% it could take you a whole day and sometimes weeks, but in the market of cryptocurrencies such movements can happen in a time span of minutes.
That's how volatile crypto is, so you should be aware of the big price movement in order for you to make the right strategy.
If you like stocks where less volatile then you should not be trading in crypto, here, you can loss easily or you make money easily, depending on the market.
I was just pointing out the differences between the market of cryptocurrencies and traditional markets, and why the volatility that we see in the market of cryptocurrencies makes it even more difficult to earn money in it, so you need to learn how to manage that volatility because if you do not then that volatility is going to destroy you and you will lose all the money that you invest in the market.