Post
Topic
Board Trading Discussion
Re: Trading for Beginners?
by
4IRIK
on 19/02/2020, 21:06:54 UTC
Hi! I'd recommend reading the following:

Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy
Risk Management in Trading: Techniques to Drive Profitability of Hedge Funds and Trading Desks  by Davis Edwards


And to use the software that helps in trading a lot:


This is what I mostly use currently:

1) https://www.bitinsure.com/

It is an automated risk monitor. I set the limits like max drawdown and other options at several Bitmex accounts and Bitinsure sends a notification since the limit is reached. This way I can have a rest and get notified when sth goes wrong. Also, it provides automated statistics reporting. This thing is useful for trades analysis



2) https://3commas.io/
I'm not a fan of trading bots but these I'd recommend. However, always track the performance and comply with risks (app above)

3) https://www.tradingview.com/
Observe mostly charts and signals. Nice interface and great ideas from other traders.