Post
Topic
Board Trading Discussion
Re: Does Trade have types?
by
Flexystar
on 28/02/2023, 17:17:46 UTC
I was thinking of these everytime and I never found any answer to it yet.

I was on one of the trading app call Deriv Go and I had lost then profit and I using the highest volatility 100v and it was MT5 and I stoped because of the lost I had and I want to ask if it has type of trade that someone can follow to make profit from.

The app does not matter as long as you know what you are doing. Just understading the type of trading wont make any difference because at the end you will have to understand what it is and how it works. For example, scalping, it is not everyone's cup of tea however an arbitrage trading might be! It's not easy job when it comes to the advance techniques/types of trading.

Considering what you have experienced in the past it is better to avoid the advance crypto trading. You should really start very small, for example hodling portfolio of 5-6 coins which are strongest and close to the #1 that is bitcoin. Try to gain the profits over the time and see what you learn from that. As long as holding is considered you are just doing long term trading and gaining profits only if you sell your portfolio.

The advice is coming out of experience and also the volatile the market the more risky it is to trade. Better keep it low and play safe.