Quote from: bittraffic on Today at 04:38:25 PM

Quote from: Mpamaegbu on Today at 03:35:01 PM

Quote from: MrcMrc on August 29, 2021, 03:25:51 PM

That made me want to know what are your best trading skills and techniques that can aid a newbie in trading?

I try to make my trading plan as simple as I can get. There's no need complicating charts so as to make the platform beautiful and unnecessarily clogged up with colour indicators. Simplicity wins it for me any day, any time. Thus, I use leading indicators of line – trendlines, Support & Resistance, Pivot Points by payt attention to Price Action. I could watch RSI too (and that's the farer I can go, nothing more because it's a lagging indicator), occasionally I allow MAs too.

Besides all that, always remember to place your stops because trading is a highly speculative business and no one can be too certain it can't go wrong. You can't be too sure that it will work out perfectly well as planned. Protect your losses by using Stop Loss.

It's common for RSI to be used by traders to see if the price had reached levels to decide whether to buy and sell. Every trader will develop their own trading style though. I am not fond of drawing support and resistance as I can see it on Fibonacci already and using Volume and Momentum Oscillator. I'm not even using stoploss since I just buy and sell. Seem to have worked for me in accumulating ADA.

More on buy and keep accumulating till you see the selling target that you setup,
traders who really into this business are conscious in using every available strategy that they think
will work according to their plans.

Each traders have their own understanding and yes sooner or later you'll find your own developed
strategy that will help you to succeed from this business.

it's a never stop learning process that will lead you to more better success rate with your trading practices.